FactSet Research Systems Inc
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Let's analyse Factset together

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

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

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

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Quick analysis of Factset (30 sec.)

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

How much money do you get?

$3.75

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$46.62

Expected worth in 1 year

$52.01

How sure are you?

95.0%

+ What do you gain per year?

Total Gains per Share

$9.14

Return On Investment

2.2%

For what price can you sell your share?

Current Price per Share

$422.83

Expected price per share

$389.05 - $447.70

How sure are you?

50%

1. Valuation of Factset (5 min.)

Live pricePrice per Share (EOD)

$422.83

Book Value per Share

$46.62

Intrinsic Value Per Share

$65.80 - $158.88

Total Value Per Share

$112.42 - $205.50

My calculation of the intrinsic value of Factset 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: ($2.53) 3Y: ($3.50) TTM: ($3.93)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.06) 3Y: ($-0.02) TTM: ($-0.16)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$9.57	$14.29	$9.81 - $14.89
2	$18.32	$29.02	$9.52 - $15.80
3	$26.34	$44.17	$9.23 - $16.71
4	$33.66	$59.69	$8.93 - $17.62
5	$40.35	$75.55	$8.64 - $18.53
6	$46.44	$91.72	$8.35 - $19.44
7	$52.00	$108.17	$8.06 - $20.35
8	$57.05	$124.87	$7.77 - $21.26
9	$61.64	$141.78	$7.48 - $22.16
10	$65.80	$158.88	$7.18 - $23.07

2. Growth of Factset (5 min.)

Is Factset growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.8b	$1.4b	$277.8m	16.4%

How much money is Factset making?

	Current year	Previous year	Grow	Grow %
Making money	$122.3m	$111.9m	$10.3m	8.5%
Net Profit Margin	22.7%	22.2%	-	-

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

Quarterly Yearly

3. Financial Health of Factset (5 min.)

4. Comparing to competitors in the Financial Data & Stock Exchanges industry (5 min.)

Industry Rankings (Financial Data & Stock Exchanges)

Richest
#19 / 41

Most Revenue
#17 / 41

Most Profit
#19 / 41

Most Efficient
#25 / 41

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

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

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

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

Speculation

The Price per Share of Factset is $422.83. 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 Factset.
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 Factset, 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 $46.62. Based on the TTM, the Book Value Change Per Share is $1.35 per quarter. Based on the YOY, the Book Value Change Per Share is $2.46 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.94 per quarter.

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

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	3.65	0.9%	3.16	0.7%	2.88	0.7%	2.72	0.6%	2.22	0.5%
Usd Book Value Change Per Share	2.61	0.6%	1.35	0.3%	2.46	0.6%	1.55	0.4%	0.87	0.2%
Usd Dividend Per Share	0.96	0.2%	0.94	0.2%	0.85	0.2%	0.80	0.2%	0.64	0.2%
Usd Total Gains Per Share	3.57	0.8%	2.28	0.5%	3.31	0.8%	2.35	0.6%	1.51	0.4%
Usd Price Per Share	462.58	-	434.34	-	422.74	-	369.45	-	271.51	-
Price to Earnings Ratio	31.71	-	38.51	-	38.28	-	34.85	-	30.53	-
Price-to-Total Gains Ratio	129.75	-	-659.33	-	139.28	-	30.06	-	427.71	-
Price to Book Ratio	9.92	-	9.91	-	11.63	-	12.96	-	12.98	-
Price-to-Total Gains Ratio	129.75	-	-659.33	-	139.28	-	30.06	-	427.71	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	422.83
Number of shares	2

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.94	0.80
Usd Book Value Change Per Share	1.35	1.55
Usd Total Gains Per Share	2.28	2.35
Gains per Quarter (2 shares)	4.57	4.71
Gains per Year (2 shares)	18.27	18.83

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	7	11	8	6	12	9
2	15	22	26	13	25	28
3	22	32	44	19	37	47
4	30	43	62	26	50	66
5	37	54	80	32	62	85
6	45	65	98	38	75	104
7	52	75	116	45	87	123
8	60	86	134	51	99	142
9	67	97	152	57	112	161
10	75	108	170	64	124	180

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	111.0	0.0	0.0	100.0%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	30.0	10.0	0.0	75.0%	85.0	26.0	0.0	76.6%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	99.0	0.0	12.0	89.2%
Total Gains per Share	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	19.0	1.0	0.0	95.0%	38.0	2.0	0.0	95.0%	97.0	14.0	0.0	87.4%

Fundamentals of Factset

About FactSet Research Systems Inc

https://www.factset.com
Financial Data & Stock Exchanges
12279
45 Glover Avenue, Norwalk, CT, United States, 06850
Google Maps Bing Maps

FactSet Research Systems Inc., a financial data company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth. It serves portfolio managers, investment banks, asset managers, wealth advisors, corporate clients, and other financial services entities. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut.

Fundamental data was last updated by Penke on 2024-04-09 10:00:06.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is overpriced.
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 FactSet Research Systems Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Factset to the Financial Data & Stock Exchanges industry mean.
A Net Profit Margin of 25.8% means that $0.26 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of FactSet Research Systems Inc:

The MRQ is 25.8%. The company is making a huge profit. +2
The TTM is 22.7%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	25.8%	TTM	22.7%	+3.1%
TTM	22.7%	YOY	22.2%	+0.5%
TTM	22.7%	5Y	24.1%	-1.4%
5Y	24.1%	10Y	23.9%	+0.2%

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
MRQ	25.8%	25.4%	+0.4%
TTM	22.7%	27.2%	-4.5%
YOY	22.2%	29.9%	-7.7%
5Y	24.1%	30.0%	-5.9%
10Y	23.9%	28.8%	-4.9%

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

Revenue is the amount of profit Factset 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 Factset 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 Factset to the Financial Data & Stock Exchanges industry mean.
Can be used to compare companies within the Financial Data & Stock Exchanges industry.

You typically want a high profit margin. This means that for each $1 in sales, Factset makes more profit. This shows the investor how efficiently Factset is operating in general and compared to other companies in the same industry. Factset operates in the Financial Data & Stock Exchanges industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Factset. If profit margins remain low (compared to the Financial Data & Stock Exchanges 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 Factset is 0.26. This means that Factset earned $0.26 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 Financial Data & Stock Exchanges industry is 25.4%.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset 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 Factset with other companies in the same industry (Financial Data & Stock Exchanges).
Net profit margin should rise over the years.
Can be influenced when Factset sells assets (profit will increase while costs remain the same).
It won’t show what part of Factset 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 Factset

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 Factset = 140,940
Total revenue MRQ Factset = 545,945
$140,940 / $545,945 = 0.26 or 25.8%

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 Factset is using its assets to generate profit.

Above 5% is considered healthy but always compare Factset to the Financial Data & Stock Exchanges industry mean.
3.5% Return on Assets means that Factset generated $0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of FactSet Research Systems Inc:

The MRQ is 3.5%. Using its assets, the company is less efficient in making profit.
The TTM is 3.1%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.5%	TTM	3.1%	+0.5%
TTM	3.1%	YOY	2.8%	+0.3%
TTM	3.1%	5Y	4.1%	-1.1%
5Y	4.1%	10Y	5.5%	-1.3%

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
MRQ	3.5%	2.3%	+1.2%
TTM	3.1%	2.3%	+0.8%
YOY	2.8%	2.5%	+0.3%
5Y	4.1%	2.4%	+1.7%
10Y	5.5%	1.9%	+3.6%

Shows how efficient Factset 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 Factset to the Financial Data & Stock Exchanges 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 Factset is using its resources to generate profit. If the return on assets (3.5%) from Factset are higher than the Financial Data & Stock Exchanges mean (2.3%) that means Factset 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 Factset is 3.5%. This means the company generated $0.04 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Financial Data & Stock Exchanges industry is 2.3%.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset 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 Factset

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

Income statement
Balance sheet

Net income MRQ (income statement) from Factset = 140,940
Total assets MRQ (balance sheet) from Factset = 3,990,866
140,940 / 3,990,866 = 0.04 or 3.5%

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

Above 15%-20% is considered healthy but always compare Factset to the Financial Data & Stock Exchanges industry mean.
7.8% Return on Equity means Factset generated $0.08 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of FactSet Research Systems Inc:

The MRQ is 7.8%. Using its investors money, the company is less efficient in making profit.
The TTM is 7.2%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	7.8%	TTM	7.2%	+0.7%
TTM	7.2%	YOY	7.8%	-0.6%
TTM	7.2%	5Y	9.8%	-2.6%
5Y	9.8%	10Y	11.3%	-1.5%

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
MRQ	7.8%	6.1%	+1.7%
TTM	7.2%	5.1%	+2.1%
YOY	7.8%	4.7%	+3.1%
5Y	9.8%	5.6%	+4.2%
10Y	11.3%	6.9%	+4.4%

Shows how efficient Factset 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 Factset to the Financial Data & Stock Exchanges 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 Financial Data & Stock Exchanges 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 Factset is 7.8%. This means Factset generated $0.08 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Financial Data & Stock Exchanges industry is 6.1%.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset up to 10 years back (depending if Factset 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 Factset

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Factset = 140,940
Shareholders equity (balance sheet) MRQ Factset = 1,801,754
140,940 / 1,801,754 = 0.08 or 7.8%

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

1.2. Operating Efficiency of FactSet Research Systems Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Factset is operating .

Measures how much profit Factset 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 Factset to the Financial Data & Stock Exchanges industry mean.
An Operating Margin of 35.3% means the company generated $0.35 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of FactSet Research Systems Inc:

The MRQ is 35.3%. The company is operating very efficient. +2
The TTM is 32.8%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	35.3%	TTM	32.8%	+2.5%
TTM	32.8%	YOY	30.8%	+2.0%
TTM	32.8%	5Y	30.6%	+2.2%
5Y	30.6%	10Y	29.4%	+1.1%

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
MRQ	35.3%	37.2%	-1.9%
TTM	32.8%	33.6%	-0.8%
YOY	30.8%	39.6%	-8.8%
5Y	30.6%	40.6%	-10.0%
10Y	29.4%	39.9%	-10.5%

Measures how efficient Factset 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 Factset to the Financial Data & Stock Exchanges 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 Factset 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 Factset is 35.3%. This means that Factset earned $0.35 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Financial Data & Stock Exchanges industry is 37.2%.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset 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 Factset

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Factset = 192,753
Total revenue MRQ Factset = 545,945
$192,753 / $545,945 = 0.35 or 35.3%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Factset is keeping operating costs low.

Below 1 is considered healthy (always compare to Financial Data & Stock Exchanges industry mean).
An Operation Ratio of 0.65 means that the operating costs are $0.65 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of FactSet Research Systems Inc:

The MRQ is 0.647. The company is efficient in keeping operating costs low. +1
The TTM is 0.677. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.647	TTM	0.677	-0.030
TTM	0.677	YOY	0.691	-0.014
TTM	0.677	5Y	0.695	-0.018
5Y	0.695	10Y	0.696	-0.001

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
MRQ	0.647	0.725	-0.078
TTM	0.677	0.730	-0.053
YOY	0.691	0.732	-0.041
5Y	0.695	0.723	-0.028
10Y	0.696	0.696	+0.000

Measures how efficient Factset 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 Factset to the Financial Data & Stock Exchanges 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 Factset is 64.7%. This means that Factset earned $0.65 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 Financial Data & Stock Exchanges industry is 0.73.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset 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 Factset

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
(255,142 +98,050) \ 545,945 = 0.65

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 FactSet Research Systems Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Financial Data & Stock Exchanges industry mean).
A Current Ratio of 1.79 means the company has $1.79 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of FactSet Research Systems Inc:

The MRQ is 1.790. The company is able to pay all its short-term debts. +1
The TTM is 1.795. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.790	TTM	1.795	-0.005
TTM	1.795	YOY	2.062	-0.266
TTM	1.795	5Y	2.623	-0.828
5Y	2.623	10Y	2.445	+0.178

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
MRQ	1.790	1.330	+0.460
TTM	1.795	1.334	+0.461
YOY	2.062	1.241	+0.821
5Y	2.623	1.520	+1.103
10Y	2.445	1.646	+0.799

Measures if Factset 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 Financial Data & Stock Exchanges 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 Factset 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 Factset is 1.79. This means Factset has $1.79 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Financial Data & Stock Exchanges industry is 1.33.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset 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 Factset

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
823,021 \ 459,752) = 1.79

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

Above 1 is considered healthy but always compare Factset to the Financial Data & Stock Exchanges industry mean.
A Quick Ratio of 1.72 means the company can pay off $1.72 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of FactSet Research Systems Inc:

The MRQ is 1.720. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 1.707. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.720	TTM	1.707	+0.014
TTM	1.707	YOY	1.855	-0.149
TTM	1.707	5Y	2.461	-0.754
5Y	2.461	10Y	2.346	+0.115

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
MRQ	1.720	1.002	+0.718
TTM	1.707	1.129	+0.578
YOY	1.855	1.058	+0.797
5Y	2.461	1.389	+1.072
10Y	2.346	1.419	+0.927

Measures if Factset 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 Factset to the Financial Data & Stock Exchanges 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 Factset can pay off its short term debts. This shows if Factset 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 Factset is 1.72. This means that Factset can pay off $1.72 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Financial Data & Stock Exchanges industry is 1.00.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset 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 Factset

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 Factset: (450,227 + 68,519 +272,177) / 459,752 = 1.72

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 FactSet Research Systems Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Factset to Financial Data & Stock Exchanges industry mean.
A Debt to Asset Ratio of 0.55 means that Factset assets are financed with 54.9% credit (debt) and the remaining percentage (100% - 54.9%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of FactSet Research Systems Inc:

The MRQ is 0.549. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.573. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.549	TTM	0.573	-0.024
TTM	0.573	YOY	0.646	-0.073
TTM	0.573	5Y	0.578	-0.005
5Y	0.578	10Y	0.520	+0.058

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
MRQ	0.549	0.622	-0.073
TTM	0.573	0.607	-0.034
YOY	0.646	0.646	+0.000
5Y	0.578	0.629	-0.051
10Y	0.520	0.621	-0.101

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Factset to Financial Data & Stock Exchanges 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 Factset is 0.55. This means means that Factset is financed with 54.9% 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 Financial Data & Stock Exchanges industry is 133.0%.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset 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 Factset has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Factset

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,189,112 \ 3,990,866 = 54.9% or 0.55.

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

Below 2 is considered healthy but always compare Factset to the Financial Data & Stock Exchanges industry mean.
A Debt to Equity ratio of 121.5% means that company has $1.21 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of FactSet Research Systems Inc:

The MRQ is 1.215. The company is able to pay all its debts with equity. +1
The TTM is 1.343. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.215	TTM	1.343	-0.128
TTM	1.343	YOY	1.853	-0.510
TTM	1.343	5Y	1.401	-0.058
5Y	1.401	10Y	1.199	+0.202

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
MRQ	1.215	1.563	-0.348
TTM	1.343	1.443	-0.100
YOY	1.853	1.853	0.000
5Y	1.401	2.057	-0.656
10Y	1.199	1.836	-0.637

Measures if Factset 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 Factset 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 Factset is 1.21. This means that Factset can pay off $1.21 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Financial Data & Stock Exchanges industry is 1.56.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset 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 Factset

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,189,112 \ 1,801,754 = 1.21 or 121.5%

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 FactSet Research Systems Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare Factset to the Financial Data & Stock Exchanges industry mean.
A PE ratio of 31.71 means the investor is paying $31.71 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of FactSet Research Systems Inc:

The EOD is 28.988. Based on the earnings, the company is overpriced. -1
The MRQ is 31.713. Based on the earnings, the company is overpriced. -1
The TTM is 38.506. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	28.988	MRQ	31.713	-2.725
MRQ	31.713	TTM	38.506	-6.793
TTM	38.506	YOY	38.278	+0.228
TTM	38.506	5Y	34.846	+3.661
5Y	34.846	10Y	30.533	+4.313

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
EOD	28.988	37.129	-8.141
MRQ	31.713	31.456	+0.257
TTM	38.506	29.129	+9.377
YOY	38.278	30.924	+7.354
5Y	34.846	33.329	+1.517
10Y	30.533	34.738	-4.205

Measures how much money you pay for each share for every $1 in earnings Factset 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 Factset to the Financial Data & Stock Exchanges 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 Factset is 31.71. This means the investor is paying $31.71 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Financial Data & Stock Exchanges industry is 31.46.
What is the trend?
The trend is important because it shows you how Factset is performing over time. The most recent quarter might be important if Factset 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 Factset 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 Factset

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 \ 38,650 = EPS
PE ratio MRQ = 31.71

* 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 FactSet Research Systems Inc:

The EOD is 33.521. Based on how much money comes from the company's main activities, the company is fair priced.
The MRQ is 36.672. Based on how much money comes from the company's main activities, the company is fair priced.
The TTM is 28.694. Based on how much money comes from the company's main activities, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	33.521	MRQ	36.672	-3.151
MRQ	36.672	TTM	28.694	+7.979
TTM	28.694	YOY	32.467	-3.773
TTM	28.694	5Y	31.409	-2.715
5Y	31.409	10Y	28.857	+2.552

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
EOD	33.521	23.395	+10.126
MRQ	36.672	22.564	+14.108
TTM	28.694	26.210	+2.484
YOY	32.467	23.301	+9.166
5Y	31.409	25.471	+5.938
10Y	28.857	23.068	+5.789

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Financial Data & Stock Exchanges industry mean).
A PB ratio of 9.92 means the investor is paying $9.92 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of FactSet Research Systems Inc:

The EOD is 9.070. Based on the equity, the company is overpriced. -1
The MRQ is 9.923. Based on the equity, the company is overpriced. -1
The TTM is 9.911. Based on the equity, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	9.070	MRQ	9.923	-0.853
MRQ	9.923	TTM	9.911	+0.012
TTM	9.911	YOY	11.632	-1.721
TTM	9.911	5Y	12.965	-3.053
5Y	12.965	10Y	12.976	-0.011

Compared to industry (Financial Data & Stock Exchanges)

Period	Company	Industry (mean)	+/-
EOD	9.070	3.433	+5.637
MRQ	9.923	3.462	+6.461
TTM	9.911	3.565	+6.346
YOY	11.632	3.964	+7.668
5Y	12.965	4.580	+8.385
10Y	12.976	4.974	+8.002

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of FactSet Research Systems Inc.

3.1. Institutions holding FactSet Research Systems Inc

Institutions are holding 93.194% of the shares of FactSet Research Systems Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	11.9624	0.0475	4559576	16801	0.3698
2023-12-31	BlackRock Inc	9.1135	0.0423	3473682	301373	9.5001
2023-12-31	BAMCO Inc	7.2873	3.5289	2777627	26031	0.946
2023-12-31	State Street Corporation	4.8327	0.0427	1842021	-59122	-3.1098
2023-12-31	Loomis, Sayles & Company LP	4.1874	1.166	1596072	-16066	-0.9966
2023-12-31	Wells Fargo & Co	3.9481	0.1873	1504850	-12468	-0.8217
2023-12-31	Morgan Stanley - Brokerage Accounts	3.6513	0.0585	1391727	-4498	-0.3222
2023-12-31	Ninety One UK Limited	3.1113	1.6832	1185888	-1816	-0.1529
2023-12-31	Kayne Anderson Rudnick Investment Management LLC	2.9674	1.3501	1131060	96791	9.3584
2023-12-31	Geode Capital Management, LLC	2.3901	0.0454	910991	-62290	-6.4
2023-12-31	Bank of America Corp	1.6047	0.0294	611651	-20610	-3.2597
2023-12-31	Amundi	1.5008	0.1176	572043	35789	6.6739
2023-12-31	JPMorgan Chase & Co	1.4486	0.0253	552153	48686	9.6701
2023-12-31	Champlain Investment Partners, LLC	1.1027	1.1888	420307	-12700	-2.933
2023-12-31	Northern Trust Corp	1.001	0.033	381535	-9020	-2.3095
2023-12-31	Massachusetts Financial Services Company	0.9675	0.0568	368765	20787	5.9737
2023-12-31	Fiera Capital Corporation	0.9422	0.526	359137	-81909	-18.5715
2023-12-31	Goldman Sachs Group Inc	0.9398	0.0153	358212	168784	89.1019
2023-12-31	Charles Schwab Investment Management Inc	0.9322	0.043	355333	8432	2.4307
2023-12-31	Legal & General Group PLC	0.8656	0.0404	329933	51396	18.4521
Total		64.7566	10.2275	24682563	+494371	+2.0%

3.2. Funds holding FactSet Research Systems Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Baron Growth Retail	3.1483	7.243	1200000	0	0
2023-12-31	Baron Small Cap Growth Strategy	3.1483	7.2752	1200000	0	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1221	0.0355	1190031	-2376	-0.1993
2024-02-29	Vanguard Institutional 500 Index Trust	2.4877	0.041	948195	8978	0.9559
2024-02-29	Vanguard Mid Cap Index Institutional	2.2271	0.2452	848885	-2254	-0.2648
2024-03-31	Baron Partners Retail	1.889	5.4076	720000	-10000	-1.3699
2023-12-31	Ninety One Global Franchise	1.237	2.7666	471491	0	0
2023-12-31	Ninety One GSF Glb Frchs I Acc USD	1.237	2.7666	471491	0	0
2024-03-28	SPDR® S&P 500 ETF Trust	1.2121	0.0391	461994	2760	0.601
2024-02-29	Fidelity 500 Index	1.1953	0.0409	455607	4584	1.0164
2024-02-29	Loomis Sayles Growth Y	1.0793	1.3967	411371	0	0
2024-02-29	Champlain Mid Cap Fund, LLC	1.0578	1.5898	403182	-6500	-1.5866
2024-03-28	iShares Core S&P 500 ETF	1.0364	0.0392	395014	2944	0.7509
2023-12-31	Baron Mid Cap Growth Strategy	0.9726	3.6668	370725	0	0
2023-12-31	Baron Asset Retail	0.9726	3.6789	370725	0	0
2024-02-29	Vanguard Growth Index Investor	0.9264	0.0735	353089	3293	0.9414
2024-02-29	MFS Mid Cap Growth A	0.8222	0.9899	313404	13891	4.6379
2023-12-31	MS INVF Global Brands A USD	0.7326	0.5902	279225	-1967	-0.6995
2023-12-31	Morgan Stanley Glbl Franchise	0.7326	0.5919	279225	-7896	-2.7501
2024-02-29	Vanguard Mid-Cap Growth ETF	0.715	0.5211	272526	1619	0.5976
Total		29.9514	38.9987	11416180	+7076	+0.1%

3.3. Insider Transactions

Insiders are holding 0.214% of the shares of FactSet Research Systems Inc.

Date	Owner	Type	Amount	Price
2024-04-01	Frederick Philip Snow	SELL	3000	452.1
2024-02-01	Frederick Philip Snow	SELL	3000	476.02
2023-12-28	Laurie Siegel	SELL	1500	475.84
2023-12-26	Katherine M Stepp	SELL	1014	469.25
2023-12-20	Christopher R Ellis	SELL	9291	450.76
2023-12-04	Frederick Philip Snow	SELL	3000	452.79
2023-11-03	Kristina W Karnovsky	SELL	1371	447.75
2023-11-01	Frederick Philip Snow	SELL	3000	433.78
2023-10-16	John Costigan	SELL	1162	450.97
2023-10-02	Frederick Philip Snow	SELL	3000	435.85
2023-09-29	Katherine M Stepp	SELL	1805	444.85
2023-09-27	Robert J Robie	SELL	3000	431.34
2023-09-01	Frederick Philip Snow	SELL	3000	438.78
2023-08-01	Frederick Philip Snow	SELL	3000	433.22
2023-05-05	Jonathan Reeve	SELL	783	404.82
2023-04-17	Goran Skoko	SELL	7969	412.96
2023-04-12	Gregory T Moskoff	SELL	311	409.3
2023-04-11	Jonathan Reeve	SELL	720	407.87

4. Summary

4.1. Key Performance Indicators

The key performance indicators of FactSet Research Systems Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	2.606	1.347	+93%	2.464	+6%	1.555	+68%	0.865	+201%
Book Value Per Share	-	-	46.617	43.825	+6%	36.537	+28%	29.933	+56%	21.617	+116%
Current Ratio	-	-	1.790	1.795	0%	2.062	-13%	2.623	-32%	2.445	-27%
Debt To Asset Ratio	-	-	0.549	0.573	-4%	0.646	-15%	0.578	-5%	0.520	+6%
Debt To Equity Ratio	-	-	1.215	1.343	-10%	1.853	-34%	1.401	-13%	1.199	+1%
Dividend Per Share	-	-	0.960	0.937	+2%	0.849	+13%	0.799	+20%	0.641	+50%
Eps	-	-	3.647	3.157	+15%	2.879	+27%	2.724	+34%	2.215	+65%
Free Cash Flow Per Share	-	-	3.153	3.930	-20%	3.531	-11%	3.224	-2%	2.525	+25%
Free Cash Flow To Equity Per Share	-	-	0.187	0.024	+679%	10.517	-98%	2.979	-94%	1.877	-90%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.958	+4%	0.979	+2%
Intrinsic Value_10Y_max	-	-	158.880	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	65.803	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	14.285	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	9.566	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	44.168	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	26.338	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	75.554	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	40.347	-	-	-	-	-	-	-	-
Market Cap	16116503714.000	-11%	17878717000.000	16826084225.000	+6%	16428748252.500	+9%	14312445891.500	+25%	10664417161.250	+68%
Net Profit Margin	-	-	0.258	0.227	+14%	0.222	+16%	0.241	+7%	0.239	+8%
Operating Margin	-	-	0.353	0.328	+8%	0.308	+15%	0.306	+15%	0.294	+20%
Operating Ratio	-	-	0.647	0.677	-4%	0.691	-6%	0.695	-7%	0.696	-7%
Pb Ratio	9.070	-9%	9.923	9.911	+0%	11.632	-15%	12.965	-23%	12.976	-24%
Pe Ratio	28.988	-9%	31.713	38.506	-18%	38.278	-17%	34.846	-9%	30.533	+4%
Price Per Share	422.830	-9%	462.580	434.335	+7%	422.740	+9%	369.453	+25%	271.512	+70%
Price To Free Cash Flow Ratio	33.521	-9%	36.672	28.694	+28%	32.467	+13%	31.409	+17%	28.857	+27%
Price To Total Gains Ratio	118.600	-9%	129.750	-659.328	+608%	139.280	-7%	30.062	+332%	427.711	-70%
Quick Ratio	-	-	1.720	1.707	+1%	1.855	-7%	2.461	-30%	2.346	-27%
Return On Assets	-	-	0.035	0.031	+15%	0.028	+26%	0.041	-15%	0.055	-35%
Return On Equity	-	-	0.078	0.072	+9%	0.078	+0%	0.098	-20%	0.113	-31%
Total Gains Per Share	-	-	3.565	2.284	+56%	3.313	+8%	2.353	+52%	1.506	+137%
Usd Book Value	-	-	1801754000.000	1697979500.000	+6%	1420103000.000	+27%	1159716550.000	+55%	849618725.000	+112%
Usd Book Value Change Per Share	-	-	2.606	1.347	+93%	2.464	+6%	1.555	+68%	0.865	+201%
Usd Book Value Per Share	-	-	46.617	43.825	+6%	36.537	+28%	29.933	+56%	21.617	+116%
Usd Dividend Per Share	-	-	0.960	0.937	+2%	0.849	+13%	0.799	+20%	0.641	+50%
Usd Eps	-	-	3.647	3.157	+15%	2.879	+27%	2.724	+34%	2.215	+65%
Usd Free Cash Flow	-	-	121881000.000	152362000.000	-20%	137153250.000	-11%	124913050.000	-2%	99472275.000	+23%
Usd Free Cash Flow Per Share	-	-	3.153	3.930	-20%	3.531	-11%	3.224	-2%	2.525	+25%
Usd Free Cash Flow To Equity Per Share	-	-	0.187	0.024	+679%	10.517	-98%	2.979	-94%	1.877	-90%
Usd Market Cap	16116503714.000	-11%	17878717000.000	16826084225.000	+6%	16428748252.500	+9%	14312445891.500	+25%	10664417161.250	+68%
Usd Price Per Share	422.830	-9%	462.580	434.335	+7%	422.740	+9%	369.453	+25%	271.512	+70%
Usd Profit	-	-	140940000.000	122319250.000	+15%	111930750.000	+26%	105545250.000	+34%	87301300.000	+61%
Usd Revenue	-	-	545945000.000	538442250.000	+1%	501987000.000	+9%	441596700.000	+24%	367851950.000	+48%
Usd Total Gains Per Share	-	-	3.565	2.284	+56%	3.313	+8%	2.353	+52%	1.506	+137%
	EOD	+4 -4	MRQ	TTM	+28 -7	YOY	+25 -10	5Y	+25 -11	10Y	+24 -12

4.2. Fundamental Score

Let's check the fundamental score of FactSet Research Systems Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	28.988
Price to Book Ratio (EOD)	Between	0-1	9.070
Net Profit Margin (MRQ)	Greater than	0	0.258
Operating Margin (MRQ)	Greater than	0	0.353
Quick Ratio (MRQ)	Greater than	1	1.720
Current Ratio (MRQ)	Greater than	1	1.790
Debt to Asset Ratio (MRQ)	Less than	1	0.549
Debt to Equity Ratio (MRQ)	Less than	1	1.215
Return on Equity (MRQ)	Greater than	0.15	0.078
Return on Assets (MRQ)	Greater than	0.05	0.035
Total			5/10 (50.0%)

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4.3. Technical Score

Let's check the technical score of FactSet Research Systems Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	417.530
Total			0/1 (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.
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Latest Balance Sheet

Balance Sheet of 2024-02-29. Currency in USD. All numbers in thousands.

Summary

Total Assets	3,990,866
Total Liabilities	2,189,112
Total Stockholder Equity	1,801,754

	As reported
Total Liabilities	2,189,112
Total Stockholder Equity	+ 1,801,754
Total Assets	= 3,990,866

Assets

Total Assets	3,990,866
Total Current Assets	823,021
Long-term Assets	3,167,845

Total Current Assets

Total Current Assets (as reported)	823,021
Cash And Cash Equivalents	381,708
Short-term Investments	68,519
Net Receivables	272,177
Other Current Assets	100,617
Total Current Assets (calculated)	823,021
+/-	0

Long-term Assets

Long-term Assets (as reported)	3,167,845
Property Plant Equipment	214,888
Goodwill	1,003,883
Intangible Assets	1,860,609
Long-term Assets Other	64,120
Long-term Assets (calculated)	3,143,500
+/-	24,345

Liabilities & Shareholders' Equity

Total Current Liabilities	459,752
Long-term Liabilities	1,729,360
Total Stockholder Equity	1,801,754

Total Current Liabilities

Total Current Liabilities (as reported)	459,752
Short-term Debt	28,965
Accounts payable	127,665
Other Current Liabilities	128,001
Total Current Liabilities (calculated)	284,631
+/-	175,121

Long-term Liabilities

Long-term Liabilities (as reported)	1,729,360
Long-term Liabilities (calculated)	0
+/-	1,729,360

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,801,754
Common Stock	425
Retained Earnings	1,719,932
Accumulated Other Comprehensive Income	-91,029
Other Stockholders Equity	172,426
Total Stockholder Equity (calculated)	1,801,754
+/-	0

Other

Cash and Short Term Investments	450,227
Common Stock Shares Outstanding	38,650
Current Deferred Revenue	175,121
Liabilities and Stockholders Equity	3,990,866
Net Debt	1,322,504
Net Working Capital	363,269
Short Long Term Debt Total	1,704,212

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2024-02-29

2023-11-30

2023-08-31

2023-05-31

2023-02-28

2022-11-30

2022-08-31

2022-05-31

2022-02-28

2021-11-30

2021-08-31

2021-05-31

2021-02-28

2020-11-30

2020-08-31

2020-05-31

2020-02-29

2019-11-30

2019-08-31

2019-05-31

2019-02-28

2018-11-30

2018-08-31

2018-05-31

2018-02-28

2017-11-30

2017-08-31

2017-05-31

2017-02-28

2016-11-30

2016-08-31

2016-05-31

2016-02-29

2015-11-30

2015-08-31

2015-05-31

2015-02-28

2014-11-30

2014-08-31

2014-05-31

2014-02-28

2013-11-30

2013-08-31

2013-05-31

2013-02-28

2012-11-30

2012-08-31

2012-05-31

2012-02-29

2011-11-30

2011-08-31

2011-05-31

2011-02-28

2010-11-30

2010-08-31

2010-05-31

2010-02-28

2009-11-30

2009-08-31

2009-05-31

2009-02-28

2008-11-30

2008-08-31

2008-05-31

2008-02-29

2007-11-30

2007-08-31

2007-05-31

2007-02-28

2006-11-30

2006-08-31

2006-05-31

2006-02-28

2005-11-30

2005-08-31

2005-05-31

2005-02-28

2004-11-30

2004-08-31

2004-05-31

2004-02-29

2003-11-30

2003-08-31

2003-05-31

2003-02-28

2002-11-30

2002-08-31

2002-05-31

2002-02-28

2001-11-30

2001-08-31

2001-05-31

2001-02-28

2000-11-30

2000-08-31

2000-05-31

2000-02-29

1999-11-30

1999-08-31

1999-05-31

1999-02-28

1998-11-30

1998-08-31

1998-05-31

1998-02-28

1997-11-30

1997-08-31

1997-05-31

1997-02-28

1996-11-30

1996-08-31

1996-05-31

> Total Assets

32,900
36,500
39,400
42,000
46,300
50,800
54,200
58,600
62,100
70,600
78,200
84,200
93,000
101,500
112,300
113,525
118,557
135,568
142,280
160,798
161,592
172,551
177,561
186,172
205,152
217,411
222,807
217,444
243,376
256,159
268,596
214,880
204,492
229,927
282,273
299,330
310,377
347,529
359,482
394,508
436,283
457,228
478,555
489,144
513,557
523,750
517,666
525,900
569,794
587,274
541,763
551,265
613,610
633,137
630,250
613,427
604,715
644,608
659,407
683,100
684,631
657,440
663,506
663,824
694,519
694,143
711,856
669,978
735,330
690,197
671,158
653,965
659,636
663,212
646,479
709,572
728,076
736,671
1,017,687
1,021,705
1,038,975
1,019,161
1,046,165
1,061,829
1,358,014
1,413,315
1,430,602
1,472,492
1,407,172
1,419,447
1,365,927
1,464,994
1,511,901
1,548,648
1,762,232
1,828,572
1,947,705
2,083,388
2,099,426
2,163,507
2,218,445
2,222,847
2,254,364
2,374,157
4,068,564
4,014,305
3,977,540
3,997,709
3,997,910
3,948,377
3,951,226
3,990,866

3,990,866

3,951,226

3,948,377

3,997,910

3,997,709

3,977,540

4,014,305

4,068,564

2,374,157

2,254,364

2,222,847

2,218,445

2,163,507

2,099,426

2,083,388

1,947,705

1,828,572

1,762,232

1,548,648

1,511,901

1,464,994

1,365,927

1,419,447

1,407,172

1,472,492

1,430,602

1,413,315

1,358,014

1,061,829

1,046,165

1,019,161

1,038,975

1,021,705

1,017,687

736,671

728,076

709,572

646,479

663,212

659,636

653,965

671,158

690,197

735,330

669,978

711,856

694,143

694,519

663,824

663,506

657,440

684,631

683,100

659,407

644,608

604,715

613,427

630,250

633,137

613,610

551,265

541,763

587,274

569,794

525,900

517,666

523,750

513,557

489,144

478,555

457,228

436,283

394,508

359,482

347,529

310,377

299,330

282,273

229,927

204,492

214,880

268,596

256,159

243,376

217,444

222,807

217,411

205,152

186,172

177,561

172,551

161,592

160,798

142,280

135,568

118,557

113,525

112,300

101,500

93,000

84,200

78,200

70,600

62,100

58,600

54,200

50,800

46,300

42,000

39,400

36,500

32,900

> Total Current Assets

24,900
26,800
29,100
29,700
34,300
40,000
43,400
43,500
45,700
54,200
60,700
63,000
71,100
76,600
86,500
86,831
92,527
99,873
104,811
115,745
108,616
120,227
127,250
137,628
158,421
172,063
180,333
167,523
197,839
212,347
224,901
169,835
149,595
154,748
131,580
139,158
154,601
139,148
133,665
157,407
185,938
206,980
222,395
231,713
251,079
252,332
241,581
236,186
273,223
234,523
207,683
226,110
278,327
299,410
295,562
293,299
295,427
265,145
278,894
298,500
298,490
273,170
287,561
292,037
328,695
299,125
320,046
284,561
360,088
318,034
280,969
232,036
240,103
249,775
245,732
281,925
304,214
304,174
320,848
327,341
383,019
369,276
324,659
344,040
373,183
409,376
427,012
472,067
429,610
430,916
391,183
487,965
552,305
583,812
546,215
601,105
708,429
841,930
804,089
867,713
920,054
933,578
948,568
1,090,659
873,470
870,347
829,207
858,654
844,309
750,379
765,771
823,021

823,021

765,771

750,379

844,309

858,654

829,207

870,347

873,470

1,090,659

948,568

933,578

920,054

867,713

804,089

841,930

708,429

601,105

546,215

583,812

552,305

487,965

391,183

430,916

429,610

472,067

427,012

409,376

373,183

344,040

324,659

369,276

383,019

327,341

320,848

304,174

304,214

281,925

245,732

249,775

240,103

232,036

280,969

318,034

360,088

284,561

320,046

299,125

328,695

292,037

287,561

273,170

298,490

298,500

278,894

265,145

295,427

293,299

295,562

299,410

278,327

226,110

207,683

234,523

273,223

236,186

241,581

252,332

251,079

231,713

222,395

206,980

185,938

157,407

133,665

139,148

154,601

139,158

131,580

154,748

149,595

169,835

224,901

212,347

197,839

167,523

180,333

172,063

158,421

137,628

127,250

120,227

108,616

115,745

104,811

99,873

92,527

86,831

86,500

76,600

71,100

63,000

60,700

54,200

45,700

43,500

43,400

40,000

34,300

29,700

29,100

26,800

24,900

Cash And Cash Equivalents

11,900
15,700
18,300
17,000
22,100
26,800
30,100
30,600
31,000
37,600
44,300
44,600
47,900
31,800
35,400
33,516
42,596
39,629
45,524
47,433
25,736
38,583
48,014
55,704
49,566
44,819
36,816
15,267
39,808
51,126
52,977
36,811
40,152
78,580
50,362
37,394
62,656
59,457
51,071
72,948
102,184
126,549
138,877
139,142
172,045
168,834
154,922
123,380
166,829
117,986
123,856
132,308
191,111
216,320
217,861
204,595
224,713
195,741
202,351
203,100
208,668
181,685
193,754
184,998
228,530
189,044
210,712
151,314
242,839
196,627
174,021
88,790
118,858
116,378
115,235
122,070
157,895
158,914
180,148
175,170
187,436
228,407
173,288
155,351
161,758
194,731
221,933
233,628
213,061
208,623
170,378
218,335
323,960
359,799
336,217
343,488
457,707
585,605
560,137
602,684
658,340
681,865
673,900
773,012
526,966
503,273
437,142
445,326
486,627
425,444
411,855
381,708

381,708

411,855

425,444

486,627

445,326

437,142

503,273

526,966

773,012

673,900

681,865

658,340

602,684

560,137

585,605

457,707

343,488

336,217

359,799

323,960

218,335

170,378

208,623

213,061

233,628

221,933

194,731

161,758

155,351

173,288

228,407

187,436

175,170

180,148

158,914

157,895

122,070

115,235

116,378

118,858

88,790

174,021

196,627

242,839

151,314

210,712

189,044

228,530

184,998

193,754

181,685

208,668

203,100

202,351

195,741

224,713

204,595

217,861

216,320

191,111

132,308

123,856

117,986

166,829

123,380

154,922

168,834

172,045

139,142

138,877

126,549

102,184

72,948

51,071

59,457

62,656

37,394

50,362

78,580

40,152

36,811

52,977

51,126

39,808

15,267

36,816

44,819

49,566

55,704

48,014

38,583

25,736

47,433

45,524

39,629

42,596

33,516

35,400

31,800

47,900

44,600

44,300

37,600

31,000

30,600

30,100

26,800

22,100

17,000

18,300

15,700

11,900

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
27,284
22,874
22,704
23,994
30,799
42,355
40,722
43,510
39,613
69,844
86,017
101,843
106,045
113,188
118,136
129,203
86,508
59,614
19,524
17,529
26,014
27,919
16,566
17,183
17,261
16,430
16,641
16,908
16,902
17,135
17,388
16,386
23,745
24,845
25,032
0
0
0
0
0
0
0
0
0
0
0
0
13,792
15,185
13,566
13,919
14,527
14,827
14,579
12,725
13,756
14,185
15,217
20,008
24,727
25,335
25,020
23,497
23,145
22,931
23,720
24,217
20,951
30,003
31,927
32,444
31,677
31,558
30,485
29,259
27,470
27,069
26,355
25,813
26,051
23,885
22,606
19,572
18,166
17,768
18,361
35,984
34,993
34,984
33,580
33,219
32,572
32,022
32,151
32,210
32,072
68,519

68,519

32,072

32,210

32,151

32,022

32,572

33,219

33,580

34,984

34,993

35,984

18,361

17,768

18,166

19,572

22,606

23,885

26,051

25,813

26,355

27,069

27,470

29,259

30,485

31,558

31,677

32,444

31,927

30,003

20,951

24,217

23,720

22,931

23,145

23,497

25,020

25,335

24,727

20,008

15,217

14,185

13,756

12,725

14,579

14,827

14,527

13,919

13,566

15,185

13,792

25,032

24,845

23,745

16,386

17,388

17,135

16,902

16,908

16,641

16,430

17,261

17,183

16,566

27,919

26,014

17,529

19,524

59,614

86,508

129,203

118,136

113,188

106,045

101,843

86,017

69,844

39,613

43,510

40,722

42,355

30,799

23,994

22,704

22,874

27,284

Net Receivables

9,300
7,100
6,800
8,700
7,700
7,900
8,500
9,700
10,900
11,600
11,200
13,900
17,700
15,000
16,600
18,372
18,831
29,238
27,457
30,917
33,072
33,836
29,111
34,521
31,806
33,563
34,594
38,760
36,770
35,704
35,711
38,779
39,807
45,935
53,041
67,182
54,183
54,029
57,005
58,918
61,827
59,190
61,199
69,787
55,039
59,579
62,989
70,767
69,369
74,859
71,313
81,621
70,579
62,854
60,310
68,193
58,495
59,693
63,869
70,500
67,537
75,004
64,833
71,459
66,568
74,251
78,895
85,763
69,143
73,290
76,348
97,564
86,069
90,354
88,453
100,038
91,860
95,064
98,630
105,928
104,666
97,797
109,680
130,825
147,455
148,331
144,848
165,493
145,255
156,639
159,890
176,356
153,461
146,309
145,434
168,139
151,398
155,011
156,218
171,574
161,073
151,187
157,390
188,308
226,488
204,102
227,489
257,408
237,794
237,665
245,318
272,177

272,177

245,318

237,665

237,794

257,408

227,489

204,102

226,488

188,308

157,390

151,187

161,073

171,574

156,218

155,011

151,398

168,139

145,434

146,309

153,461

176,356

159,890

156,639

145,255

165,493

144,848

148,331

147,455

130,825

109,680

97,797

104,666

105,928

98,630

95,064

91,860

100,038

88,453

90,354

86,069

97,564

76,348

73,290

69,143

85,763

78,895

74,251

66,568

71,459

64,833

75,004

67,537

70,500

63,869

59,693

58,495

68,193

60,310

62,854

70,579

81,621

71,313

74,859

69,369

70,767

62,989

59,579

55,039

69,787

61,199

59,190

61,827

58,918

57,005

54,029

54,183

67,182

53,041

45,935

39,807

38,779

35,711

35,704

36,770

38,760

34,594

33,563

31,806

34,521

29,111

33,836

33,072

30,917

27,457

29,238

18,831

18,372

16,600

15,000

17,700

13,900

11,200

11,600

10,900

9,700

8,500

7,900

7,700

8,700

6,800

7,100

9,300

Other Current Assets

3,700
4,000
4,000
4,000
4,500
5,300
4,800
3,200
3,800
5,000
5,200
4,500
5,500
29,800
34,500
7,659
8,226
8,302
7,836
6,596
2,069
1,744
1,865
2,018
1,575
1,579
1,693
1,784
1,828
1,888
1,902
2,651
4,152
4,834
5,405
3,809
4,423
3,819
3,071
2,806
3,594
3,000
3,911
4,325
5,142
3,723
4,354
5,031
5,674
5,908
4,757
4,707
6,561
6,715
5,196
6,649
6,681
6,899
8,659
24,900
11,353
16,481
15,182
20,395
20,031
21,911
11,555
14,040
14,071
15,652
12,997
13,536
15,156
14,662
15,332
17,583
15,479
19,786
16,401
17,808
15,736
15,697
18,045
20,408
24,076
24,126
28,554
33,278
31,573
30,121
33,445
40,475
38,164
36,858
38,513
39,676
34,468
43,675
43,660
53,262
52,844
50,625
58,445
57,786
55,070
91,214
99,826
82,293
66,171
55,060
50,848
100,617

100,617

50,848

55,060

66,171

82,293

99,826

91,214

55,070

57,786

58,445

50,625

52,844

53,262

43,660

43,675

34,468

39,676

38,513

36,858

38,164

40,475

33,445

30,121

31,573

33,278

28,554

24,126

24,076

20,408

18,045

15,697

15,736

17,808

16,401

19,786

15,479

17,583

15,332

14,662

15,156

13,536

12,997

15,652

14,071

14,040

11,555

21,911

20,031

20,395

15,182

16,481

11,353

24,900

8,659

6,899

6,681

6,649

5,196

6,715

6,561

4,707

4,757

5,908

5,674

5,031

4,354

3,723

5,142

4,325

3,911

3,000

3,594

2,806

3,071

3,819

4,423

3,809

5,405

4,834

4,152

2,651

1,902

1,888

1,828

1,784

1,693

1,579

1,575

2,018

1,865

1,744

2,069

6,596

7,836

8,302

8,226

7,659

34,500

29,800

5,500

4,500

5,200

5,000

3,800

3,200

4,800

5,300

4,500

4,000

3,700

> Long-term Assets

8,000
9,700
10,300
12,300
12,000
10,800
10,800
15,100
16,400
16,400
17,500
21,200
21,900
24,900
25,800
26,694
26,030
35,695
37,469
45,053
52,976
52,324
50,311
48,544
46,731
45,348
42,474
49,921
45,537
43,812
43,695
45,045
54,897
75,179
150,693
160,172
155,776
208,381
225,817
237,101
250,345
250,248
256,160
257,431
262,478
271,418
276,085
289,714
296,571
352,751
334,080
325,155
335,283
333,727
334,688
320,128
309,288
379,463
380,513
384,600
386,141
384,270
375,945
371,787
365,824
395,018
391,810
385,417
375,242
372,163
390,189
421,929
419,533
413,437
400,747
427,647
423,862
432,497
696,839
694,364
655,956
649,885
721,506
717,789
984,831
1,003,939
1,003,590
1,000,425
977,562
988,531
974,744
977,029
959,596
964,836
1,216,017
1,227,467
1,239,276
1,241,458
1,295,337
1,295,794
1,298,391
1,289,269
1,305,796
1,283,498
3,195,094
3,143,958
3,148,333
3,139,055
3,153,601
3,197,998
3,185,455
3,167,845

3,167,845

3,185,455

3,197,998

3,153,601

3,139,055

3,148,333

3,143,958

3,195,094

1,283,498

1,305,796

1,289,269

1,298,391

1,295,794

1,295,337

1,241,458

1,239,276

1,227,467

1,216,017

964,836

959,596

977,029

974,744

988,531

977,562

1,000,425

1,003,590

1,003,939

984,831

717,789

721,506

649,885

655,956

694,364

696,839

432,497

423,862

427,647

400,747

413,437

419,533

421,929

390,189

372,163

375,242

385,417

391,810

395,018

365,824

371,787

375,945

384,270

386,141

384,600

380,513

379,463

309,288

320,128

334,688

333,727

335,283

325,155

334,080

352,751

296,571

289,714

276,085

271,418

262,478

257,431

256,160

250,248

250,345

237,101

225,817

208,381

155,776

160,172

150,693

75,179

54,897

45,045

43,695

43,812

45,537

49,921

42,474

45,348

46,731

48,544

50,311

52,324

52,976

45,053

37,469

35,695

26,030

26,694

25,800

24,900

21,900

21,200

17,500

16,400

15,100

10,800

12,000

12,300

10,300

9,700

8,000

Property Plant Equipment

6,800
8,100
8,700
10,600
10,300
9,200
8,900
13,400
15,000
14,700
15,800
19,600
20,600
21,400
21,900
22,480
21,658
20,888
22,173
30,150
36,249
35,466
33,205
30,947
28,993
27,555
24,219
23,233
20,195
19,347
19,505
18,797
21,942
43,909
45,253
46,382
50,924
52,359
50,428
52,529
59,828
59,812
63,461
65,773
70,314
78,945
79,280
80,805
88,125
91,113
92,278
91,589
89,820
88,379
88,427
82,463
79,067
79,495
80,628
81,300
81,787
81,620
80,065
78,595
77,173
76,530
75,521
71,083
67,707
65,371
64,284
60,627
58,045
57,641
55,908
56,693
54,458
59,264
69,717
75,667
78,082
84,622
90,438
89,450
97,442
100,454
98,731
97,470
94,380
100,545
101,566
104,829
105,287
121,042
354,683
370,946
391,046
382,031
392,712
388,899
386,912
370,441
350,311
321,026
262,509
240,301
233,421
228,598
238,694
227,944
221,430
214,888

214,888

221,430

227,944

238,694

228,598

233,421

240,301

262,509

321,026

350,311

370,441

386,912

388,899

392,712

382,031

391,046

370,946

354,683

121,042

105,287

104,829

101,566

100,545

94,380

97,470

98,731

100,454

97,442

89,450

90,438

84,622

78,082

75,667

69,717

59,264

54,458

56,693

55,908

57,641

58,045

60,627

64,284

65,371

67,707

71,083

75,521

76,530

77,173

78,595

80,065

81,620

81,787

81,300

80,628

79,495

79,067

82,463

88,427

88,379

89,820

91,589

92,278

91,113

88,125

80,805

79,280

78,945

70,314

65,773

63,461

59,812

59,828

52,529

50,428

52,359

50,924

46,382

45,253

43,909

21,942

18,797

19,505

19,347

20,195

23,233

24,219

27,555

28,993

30,947

33,205

35,466

36,249

30,150

22,173

20,888

21,658

22,480

21,900

21,400

20,600

19,600

15,800

14,700

15,000

13,400

8,900

9,200

10,300

10,600

8,700

8,100

6,800

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,734
10,518
10,267
12,237
11,894
11,808
9,961
11,536
11,450
11,364
19,253
19,062
18,872
13,677
18,490
26,324
6,260
71,738
77,243
74,466
152,453
127,654
135,098
140,510
43,074
144,058
143,763
144,728
146,187
149,127
159,989
160,211
187,780
175,196
171,527
180,301
181,355
183,123
176,769
172,053
221,991
223,203
226,900
228,559
228,265
224,776
225,275
221,757
245,791
246,734
243,638
243,080
244,573
259,345
287,545
287,287
285,608
279,421
305,893
307,231
308,287
498,636
489,340
460,393
452,915
507,656
506,832
695,667
707,560
712,476
716,912
704,807
701,833
694,897
700,029
690,956
685,729
691,321
690,637
688,484
709,703
738,575
746,041
749,896
754,362
783,025
786,172
978,860
965,848
974,846
977,359
982,162
1,008,454
1,005,269
1,003,883

1,003,883

1,005,269

1,008,454

982,162

977,359

974,846

965,848

978,860

786,172

783,025

754,362

749,896

746,041

738,575

709,703

688,484

690,637

691,321

685,729

690,956

700,029

694,897

701,833

704,807

716,912

712,476

707,560

695,667

506,832

507,656

452,915

460,393

489,340

498,636

308,287

307,231

305,893

279,421

285,608

287,287

287,545

259,345

244,573

243,080

243,638

246,734

245,791

221,757

225,275

224,776

228,265

228,559

226,900

223,203

221,991

172,053

176,769

183,123

181,355

180,301

171,527

175,196

187,780

160,211

159,989

149,127

146,187

144,728

143,763

144,058

43,074

140,510

135,098

127,654

152,453

74,466

77,243

71,738

6,260

26,324

18,490

13,677

18,872

19,062

19,253

11,364

11,450

11,536

9,961

11,808

11,894

12,237

10,267

10,518

10,734

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,734
10,518
10,267
12,237
11,894
11,808
11,722
11,536
11,450
11,364
19,253
19,062
18,872
18,681
18,490
26,324
25,881
100,509
107,303
101,931
152,453
172,369
45,160
44,962
141,354
42,000
39,948
38,375
36,789
36,360
37,847
36,239
58,333
49,409
45,654
48,003
46,350
45,068
40,073
35,942
52,179
50,584
50,000
48,578
46,310
43,077
41,470
38,298
43,371
41,854
39,145
37,371
36,223
40,216
47,390
44,603
41,855
38,075
43,313
41,561
40,052
111,934
106,753
97,978
93,161
109,032
104,695
175,534
173,543
168,874
164,687
155,776
148,935
141,037
136,409
129,205
120,551
131,679
128,243
127,207
121,095
134,896
130,897
130,521
134,986
139,313
135,042
1,912,738
1,895,909
1,882,983
1,869,774
1,859,242
1,859,202
1,848,051
1,860,609

1,860,609

1,848,051

1,859,202

1,859,242

1,869,774

1,882,983

1,895,909

1,912,738

135,042

139,313

134,986

130,521

130,897

134,896

121,095

127,207

128,243

131,679

120,551

129,205

136,409

141,037

148,935

155,776

164,687

168,874

173,543

175,534

104,695

109,032

93,161

97,978

106,753

111,934

40,052

41,561

43,313

38,075

41,855

44,603

47,390

40,216

36,223

37,371

39,145

41,854

43,371

38,298

41,470

43,077

46,310

48,578

50,000

50,584

52,179

35,942

40,073

45,068

46,350

48,003

45,654

49,409

58,333

36,239

37,847

36,360

36,789

38,375

39,948

42,000

141,354

44,962

45,160

172,369

152,453

101,931

107,303

100,509

25,881

26,324

18,490

18,681

18,872

19,062

19,253

11,364

11,450

11,536

11,722

11,808

11,894

12,237

10,267

10,518

10,734

Long-term Assets Other

1,200
1,600
1,600
1,700
1,700
1,600
1,900
1,700
1,400
1,700
1,700
1,600
1,300
3,500
3,900
4,214
4,372
4,073
4,778
4,636
1,902
1,958
1,976
1,965
1,991
2,010
2,010
2,096
2,108
2,126
2,411
2,247
2,266
2,291
2,435
2,715
2,697
2,847
2,190
2,487
2,392
2,454
2,422
2,569
2,571
2,286
2,407
2,471
2,747
5,246
4,914
4,246
4,534
5,348
5,394
5,778
5,413
6,197
6,591
22,600
8,396
7,909
8,057
6,809
6,252
6,213
5,637
4,706
4,226
3,973
3,862
4,496
6,011
5,956
5,629
4,966
4,081
4,295
4,923
4,860
5,246
5,781
7,066
7,950
11,089
14,970
16,534
15,569
14,683
27,502
27,801
29,025
28,151
29,943
27,820
30,469
32,539
28,629
29,154
29,957
31,062
29,480
31,022
39,089
35,121
36,956
52,649
57,662
61,462
69,226
86,866
64,120

64,120

86,866

69,226

61,462

57,662

52,649

36,956

35,121

39,089

31,022

29,480

31,062

29,957

29,154

28,629

32,539

30,469

27,820

29,943

28,151

29,025

27,801

27,502

14,683

15,569

16,534

14,970

11,089

7,950

7,066

5,781

5,246

4,860

4,923

4,295

4,081

4,966

5,629

5,956

6,011

4,496

3,862

3,973

4,226

4,706

5,637

6,213

6,252

6,809

8,057

7,909

8,396

22,600

6,591

6,197

5,413

5,778

5,394

5,348

4,534

4,246

4,914

5,246

2,747

2,471

2,407

2,286

2,571

2,569

2,422

2,454

2,392

2,487

2,190

2,847

2,697

2,715

2,435

2,291

2,266

2,247

2,411

2,126

2,108

2,096

2,010

1,991

1,965

1,976

1,958

1,902

4,636

4,778

4,073

4,372

4,214

3,900

3,500

1,300

1,600

1,700

1,400

1,700

1,900

1,600

1,700

1,600

1,200

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
18,821
20,166
19,970
19,638
22,344
23,113
22,064
26,845
22,858
22,023
22,482
21,871
23,587
22,377
21,714
16,782
16,531
20,599
0
0
14,257
0
0
8,862
5,099
0
0
5,787
7,916
0
9,443
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

9,443

7,916

5,787

5,099

8,862

14,257

20,599

16,531

16,782

21,714

22,377

23,587

21,871

22,482

22,023

22,858

26,845

22,064

23,113

22,344

19,638

19,970

20,166

18,821

> Total Liabilities

6,400
8,300
8,800
9,300
11,200
13,200
13,200
14,600
14,800
19,600
21,200
22,300
18,900
23,900
28,400
22,334
22,547
32,566
30,623
40,519
32,272
34,289
31,544
28,459
36,837
40,445
35,796
32,973
43,611
43,930
39,038
43,290
56,028
65,381
69,348
65,597
71,195
79,421
74,422
84,412
98,145
98,540
92,930
90,586
92,902
114,439
93,612
102,019
114,071
121,803
109,619
107,558
118,063
132,308
104,333
111,765
117,305
142,202
116,849
124,900
130,194
142,252
127,141
119,800
134,133
141,879
125,343
122,798
132,041
148,418
124,536
136,311
144,368
152,130
144,846
180,488
195,701
205,087
459,918
480,647
495,318
501,780
549,382
568,599
830,461
853,624
812,385
860,402
871,839
893,547
824,718
865,473
857,492
876,392
1,070,354
1,111,812
1,154,747
1,185,217
1,146,853
1,183,039
1,187,146
1,206,494
1,155,469
1,158,176
2,800,842
2,682,897
2,503,412
2,390,555
2,329,077
2,327,786
2,250,486
2,189,112

2,189,112

2,250,486

2,327,786

2,329,077

2,390,555

2,503,412

2,682,897

2,800,842

1,158,176

1,155,469

1,206,494

1,187,146

1,183,039

1,146,853

1,185,217

1,154,747

1,111,812

1,070,354

876,392

857,492

865,473

824,718

893,547

871,839

860,402

812,385

853,624

830,461

568,599

549,382

501,780

495,318

480,647

459,918

205,087

195,701

180,488

144,846

152,130

144,368

136,311

124,536

148,418

132,041

122,798

125,343

141,879

134,133

119,800

127,141

142,252

130,194

124,900

116,849

142,202

117,305

111,765

104,333

132,308

118,063

107,558

109,619

121,803

114,071

102,019

93,612

114,439

92,902

90,586

92,930

98,540

98,145

84,412

74,422

79,421

71,195

65,597

69,348

65,381

56,028

43,290

39,038

43,930

43,611

32,973

35,796

40,445

36,837

28,459

31,544

34,289

32,272

40,519

30,623

32,566

22,547

22,334

28,400

23,900

18,900

22,300

21,200

19,600

14,800

14,600

13,200

11,200

9,300

8,800

8,300

6,400

> Total Current Liabilities

6,000
7,800
8,300
8,900
10,800
12,900
12,800
14,300
14,400
19,100
20,800
21,900
18,500
23,500
27,800
21,811
22,030
31,945
29,992
39,912
31,684
33,673
30,945
27,881
36,272
39,898
35,271
32,394
43,036
43,374
38,316
36,086
48,549
57,787
53,340
49,215
55,207
63,685
55,764
66,411
79,072
79,301
72,865
70,030
72,147
90,650
64,920
72,745
84,486
92,626
80,731
79,111
85,372
99,363
70,830
79,069
85,208
109,276
85,512
91,300
97,277
109,423
95,281
90,694
106,190
113,176
95,333
94,813
105,146
118,253
97,713
109,290
119,197
127,291
120,567
121,697
134,852
139,780
128,731
140,037
154,698
158,210
136,216
155,088
182,131
201,139
161,600
186,493
197,793
221,134
157,122
198,782
191,524
207,441
207,650
228,529
247,300
276,293
227,883
271,303
280,935
315,705
272,560
293,238
437,880
438,287
384,021
407,439
400,940
467,313
455,886
459,752

459,752

455,886

467,313

400,940

407,439

384,021

438,287

437,880

293,238

272,560

315,705

280,935

271,303

227,883

276,293

247,300

228,529

207,650

207,441

191,524

198,782

157,122

221,134

197,793

186,493

161,600

201,139

182,131

155,088

136,216

158,210

154,698

140,037

128,731

139,780

134,852

121,697

120,567

127,291

119,197

109,290

97,713

118,253

105,146

94,813

95,333

113,176

106,190

90,694

95,281

109,423

97,277

91,300

85,512

109,276

85,208

79,069

70,830

99,363

85,372

79,111

80,731

92,626

84,486

72,745

64,920

90,650

72,147

70,030

72,865

79,301

79,072

66,411

55,764

63,685

55,207

49,215

53,340

57,787

48,549

36,086

38,316

43,374

43,036

32,394

35,271

39,898

36,272

27,881

30,945

33,673

31,684

39,912

29,992

31,945

22,030

21,811

27,800

23,500

18,500

21,900

20,800

19,100

14,400

14,300

12,800

12,900

10,800

8,900

8,300

7,800

6,000

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,018
0
0
0
0
0
0
1,665
1,795
1,840
1,924
15,631
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,425
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,000
300,000
300,000
0
300,000
0
0
575,000
575,000
574,666
574,702
574,739
574,775
0
0
0
574,174
29,406
27,830
29,225
29,056
30,954
31,983
32,421
31,576
31,240
31,010
73,693
29,185
28,970
28,573
29,600
28,839
28,834
28,965

28,965

28,834

28,839

29,600

28,573

28,970

29,185

73,693

31,010

31,240

31,576

32,421

31,983

30,954

29,056

29,225

27,830

29,406

574,174

574,775

574,739

574,702

574,666

575,000

300,000

35,000

5,425

15,631

1,924

1,840

1,795

1,665

14,018

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
35,000
0
0
0
300,000
0
0
575,000
575,000
574,666
574,702
574,739
574,775
0
0
0
0
0
0
0
0
0
0
0
0
0
0
42,936
0
0
0
0
0
0
0

42,936

574,775

574,739

574,702

574,666

575,000

300,000

35,000

Accounts payable

1,100
1,200
1,600
2,500
2,100
2,200
3,400
6,300
3,900
4,800
5,700
7,900
6,800
7,600
9,300
7,442
4,934
9,874
8,161
15,311
5,374
6,183
9,075
10,926
10,014
11,427
12,615
14,278
13,901
13,793
14,481
13,373
16,131
21,123
19,903
17,868
18,369
20,400
16,785
21,450
23,216
18,110
19,174
19,009
16,056
23,461
18,611
23,237
27,116
22,366
26,606
22,676
21,321
25,121
29,309
23,472
24,138
23,976
26,982
97,084
22,744
24,603
29,216
24,960
28,416
27,680
28,538
29,699
26,892
29,864
29,711
27,821
27,295
26,971
30,996
31,175
31,445
33,880
36,525
39,210
38,033
45,836
50,526
51,121
63,611
59,214
67,669
59,395
62,772
72,059
61,271
66,846
67,174
68,138
87,172
73,454
80,048
82,094
84,738
80,606
80,672
85,777
105,481
90,262
100,318
108,395
122,710
116,857
110,282
120,816
150,191
127,665

127,665

150,191

120,816

110,282

116,857

122,710

108,395

100,318

90,262

105,481

85,777

80,672

80,606

84,738

82,094

80,048

73,454

87,172

68,138

67,174

66,846

61,271

72,059

62,772

59,395

67,669

59,214

63,611

51,121

50,526

45,836

38,033

39,210

36,525

33,880

31,445

31,175

30,996

26,971

27,295

27,821

29,711

29,864

26,892

29,699

28,538

27,680

28,416

24,960

29,216

24,603

22,744

97,084

26,982

23,976

24,138

23,472

29,309

25,121

21,321

22,676

26,606

22,366

27,116

23,237

18,611

23,461

16,056

19,009

19,174

18,110

23,216

21,450

16,785

20,400

18,369

17,868

19,903

21,123

16,131

13,373

14,481

13,793

13,901

14,278

12,615

11,427

10,014

10,926

9,075

6,183

5,374

15,311

8,161

9,874

4,934

7,442

9,300

7,600

6,800

7,900

5,700

4,800

3,900

6,300

3,400

2,200

2,100

2,500

1,600

1,200

1,100

Other Current Liabilities

4,900
6,600
6,700
6,400
8,700
10,700
9,400
8,000
10,500
14,300
15,100
14,000
11,700
15,900
18,500
14,369
17,096
22,071
21,831
24,601
26,310
27,490
21,870
16,955
26,258
28,471
22,656
18,116
29,135
29,581
23,835
22,713
8,573
36,664
33,437
31,347
36,838
43,285
38,979
32,865
37,913
34,029
28,946
9,840
56,091
67,189
46,309
49,508
57,370
70,260
54,125
56,435
64,051
74,242
41,521
55,597
61,070
85,300
27,521
63,501
74,533
84,820
66,065
65,734
77,774
85,496
66,795
65,114
78,254
88,389
68,002
81,469
91,902
100,320
89,571
90,522
103,407
105,900
92,206
100,827
116,665
112,374
85,690
103,967
118,520
141,925
93,931
127,098
135,021
149,075
95,851
131,936
124,350
139,303
87,247
127,245
138,027
165,143
112,191
90,791
102,718
135,248
81,061
99,814
112,278
148,668
82,077
97,819
113,245
165,228
126,709
128,001

128,001

126,709

165,228

113,245

97,819

82,077

148,668

112,278

99,814

81,061

135,248

102,718

90,791

112,191

165,143

138,027

127,245

87,247

139,303

124,350

131,936

95,851

149,075

135,021

127,098

93,931

141,925

118,520

103,967

85,690

112,374

116,665

100,827

92,206

105,900

103,407

90,522

89,571

100,320

91,902

81,469

68,002

88,389

78,254

65,114

66,795

85,496

77,774

65,734

66,065

84,820

74,533

63,501

27,521

85,300

61,070

55,597

41,521

74,242

64,051

56,435

54,125

70,260

57,370

49,508

46,309

67,189

56,091

9,840

28,946

34,029

37,913

32,865

38,979

43,285

36,838

31,347

33,437

36,664

8,573

22,713

23,835

29,581

29,135

18,116

22,656

28,471

26,258

16,955

21,870

27,490

26,310

24,601

21,831

22,071

17,096

14,369

18,500

15,900

11,700

14,000

15,100

14,300

10,500

8,000

9,400

10,700

8,700

6,400

6,700

6,600

4,900

> Long-term Liabilities

400
500
500
400
400
300
400
300
400
500
400
400
400
400
600
523
517
621
631
607
588
616
599
578
565
547
525
579
575
556
722
7,204
7,479
7,594
16,008
16,382
15,988
15,736
18,658
18,001
19,073
19,239
20,065
20,556
20,755
23,789
28,692
29,274
29,585
29,177
28,888
28,447
32,691
32,945
33,503
32,696
32,097
32,926
31,337
33,600
32,917
32,829
31,860
29,106
27,943
28,703
30,010
27,985
26,895
30,165
26,823
27,021
25,171
24,839
24,279
58,791
60,849
65,307
331,187
340,610
340,620
343,570
413,166
413,511
648,330
652,485
650,785
673,909
674,046
672,413
667,596
666,691
665,968
668,951
862,704
883,283
907,447
908,924
918,970
911,736
906,211
890,789
882,909
864,938
2,362,962
2,244,610
2,119,391
1,983,116
1,928,137
1,860,473
1,794,600
1,729,360

1,729,360

1,794,600

1,860,473

1,928,137

1,983,116

2,119,391

2,244,610

2,362,962

864,938

882,909

890,789

906,211

911,736

918,970

908,924

907,447

883,283

862,704

668,951

665,968

666,691

667,596

672,413

674,046

673,909

650,785

652,485

648,330

413,511

413,166

343,570

340,620

340,610

331,187

65,307

60,849

58,791

24,279

24,839

25,171

27,021

26,823

30,165

26,895

27,985

30,010

28,703

27,943

29,106

31,860

32,829

32,917

33,600

31,337

32,926

32,097

32,696

33,503

32,945

32,691

28,447

28,888

29,177

29,585

29,274

28,692

23,789

20,755

20,556

20,065

19,239

19,073

18,001

18,658

15,736

15,988

16,382

16,008

7,594

7,479

7,204

722

556

575

579

525

547

565

578

599

616

588

607

631

621

517

523

600

400

500

400

300

400

300

400

500

400

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
35,000
35,000
35,000
0
0
300,000
300,000
365,000
365,000
0
575,000
574,666
0
574,739
574,775
574,812
574,848
574,129
574,174
574,219
574,264
574,309
574,354
575,511
574,399
574,490
574,535
574,580
574,625
2,105,142
1,982,424
1,859,096
1,735,609
1,674,194
1,612,700
0
0

1,612,700

1,674,194

1,735,609

1,859,096

1,982,424

2,105,142

574,625

574,580

574,535

574,490

574,399

575,511

574,354

574,309

574,264

574,219

574,174

574,129

574,848

574,812

574,775

574,739

574,666

575,000

365,000

300,000

35,000

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
18,821
20,166
19,970
19,638
22,344
23,113
22,064
26,845
22,858
22,023
22,482
21,871
23,587
22,377
21,714
16,782
16,531
20,599
0
0
14,257
0
0
8,862
5,099
0
0
5,787
7,916
0
9,443
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

9,443

7,916

5,787

5,099

8,862

14,257

20,599

16,531

16,782

21,714

22,377

23,587

21,871

22,482

22,023

22,858

26,845

22,064

23,113

22,344

19,638

19,970

20,166

18,821

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
523
517
621
631
607
588
616
599
578
565
547
525
579
575
556
722
7,204
7,479
7,594
8,337
8,876
9,137
9,079
9,036
9,483
10,278
10,703
11,692
12,576
14,049
17,339
22,249
23,118
23,800
24,055
24,439
24,813
28,687
29,151
29,643
29,579
29,521
29,195
27,632
29,748
29,082
29,117
28,474
26,253
25,407
26,110
27,428
25,484
24,464
27,769
24,424
24,298
22,079
21,918
21,746
21,694
24,138
28,610
29,704
39,141
39,077
41,862
45,400
45,564
50,291
52,593
51,091
73,519
99,307
97,638
92,784
91,843
91,839
94,777
51,445
51,784
53,641
60,278
59,917
59,927
59,599
56,117
58,577
57,038
73,709
53,564
58,331
0
0
49,391
50,819
0

50,819

49,391

58,331

53,564

73,709

57,038

58,577

56,117

59,599

59,927

59,917

60,278

53,641

51,784

51,445

94,777

91,839

91,843

92,784

97,638

99,307

73,519

51,091

52,593

50,291

45,564

45,400

41,862

39,077

39,141

29,704

28,610

24,138

21,694

21,746

21,918

22,079

24,298

24,424

27,769

24,464

25,484

27,428

26,110

25,407

26,253

28,474

29,117

29,082

29,748

27,632

29,195

29,521

29,579

29,643

29,151

28,687

24,813

24,439

24,055

23,800

23,118

22,249

17,339

14,049

12,576

11,692

10,703

10,278

9,483

9,036

9,079

9,137

8,876

8,337

7,594

7,479

7,204

722

556

575

579

525

547

565

578

599

616

588

607

631

621

517

523

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
3,386
2,853
2,536
2,593
2,582
2,501
2,431
2,396
2,399
2,723
3,092
2,921
2,533
2,097
1,711
1,697
1,483
0
1,543
1,708
2,766
2,947
25,515
28,813
29,741
4,299
7,007
29,023
20,709
20,220
19,006
16,391
13,471
13,562
15,502
19,713
18,444
15,141
16,018
14,752
15,784
15,018
14,973
8,800
10,991
6,600
6,068
0
0
0

6,068

6,600

10,991

8,800

14,973

15,018

15,784

14,752

16,018

15,141

18,444

19,713

15,502

13,562

13,471

16,391

19,006

20,220

20,709

29,023

7,007

4,299

29,741

28,813

25,515

2,947

2,766

1,708

1,543

1,483

1,697

1,711

2,097

2,533

2,921

3,092

2,723

2,399

2,396

2,431

2,501

2,582

2,593

2,536

2,853

3,386

> Total Stockholder Equity

26,500
28,200
30,600
32,700
35,100
37,600
41,000
44,000
47,300
51,000
57,000
61,900
74,100
77,600
83,900
91,191
96,010
103,002
111,657
120,279
129,320
138,262
146,017
157,713
168,315
176,966
187,011
184,471
199,765
212,229
229,558
171,590
148,464
164,546
212,925
233,733
239,182
268,108
285,060
310,096
338,138
358,688
385,625
398,558
420,655
409,311
424,054
423,881
455,723
465,471
432,144
443,707
495,547
500,829
525,917
501,662
487,410
502,406
542,558
558,200
554,437
515,188
536,365
544,024
560,386
552,264
586,513
547,180
603,289
541,779
546,622
517,654
515,268
511,082
501,633
529,084
532,375
531,584
557,769
541,058
543,657
517,381
496,783
493,230
527,553
559,691
618,217
612,090
535,333
525,900
541,209
599,521
654,409
672,256
691,878
716,760
792,958
898,171
952,573
980,468
1,031,299
1,016,353
1,098,895
1,215,981
1,267,722
1,331,408
1,474,128
1,607,154
1,668,833
1,620,591
1,700,740
1,801,754

1,801,754

1,700,740

1,620,591

1,668,833

1,607,154

1,474,128

1,331,408

1,267,722

1,215,981

1,098,895

1,016,353

1,031,299

980,468

952,573

898,171

792,958

716,760

691,878

672,256

654,409

599,521

541,209

525,900

535,333

612,090

618,217

559,691

527,553

493,230

496,783

517,381

543,657

541,058

557,769

531,584

532,375

529,084

501,633

511,082

515,268

517,654

546,622

541,779

603,289

547,180

586,513

552,264

560,386

544,024

536,365

515,188

554,437

558,200

542,558

502,406

487,410

501,662

525,917

500,829

495,547

443,707

432,144

465,471

455,723

423,881

424,054

409,311

420,655

398,558

385,625

358,688

338,138

310,096

285,060

268,108

239,182

233,733

212,925

164,546

148,464

171,590

229,558

212,229

199,765

184,471

187,011

176,966

168,315

157,713

146,017

138,262

129,320

120,279

111,657

103,002

96,010

91,191

83,900

77,600

74,100

61,900

57,000

51,000

47,300

44,000

41,000

37,600

35,100

32,700

30,600

28,200

26,500

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
200
300
326
329
328
329
331
333
334
336
337
339
340
341
342
343
346
348
350
351
352
359
541
543
545
545
548
551
554
556
557
559
562
565
568
569
571
572
575
579
581
592
596
599
601
608
600
613
614
616
451
455
456
460
464
474
481
483
485
487
491
493
497
501
503
507
507
509
512
515
517
517
518
521
390
391
393
394
397
400
401
402
405
406
408
409
409
410
412
414
415
416
417
418
420
420
421
423
425

425

423

421

420

418

417

416

415

414

412

410

409

408

406

405

402

401

400

397

394

393

391

390

521

518

517

515

512

509

507

503

501

497

493

491

487

485

483

481

474

464

460

456

455

451

616

614

613

600

608

601

599

596

592

581

579

575

572

571

569

568

565

562

559

557

556

554

551

548

545

543

541

359

352

351

350

348

346

343

342

341

340

339

337

336

334

333

331

329

328

329

326

300

200

Retained Earnings

24,900
26,700
28,600
30,700
33,100
35,600
38,400
41,500
44,800
48,400
52,800
57,300
61,300
64,600
69,200
75,514
79,702
86,011
92,776
100,157
107,402
114,774
122,048
131,421
140,082
149,561
159,407
169,879
182,144
193,611
205,489
218,308
230,821
243,324
257,484
272,249
289,407
305,636
322,410
339,227
357,343
377,846
398,705
422,256
444,966
469,880
494,781
518,528
542,431
567,381
594,486
620,594
649,699
676,626
703,346
730,136
758,139
786,844
817,786
852,400
883,365
912,078
945,442
490,815
524,903
559,714
595,736
626,766
664,719
700,519
737,651
775,251
810,396
849,504
889,149
934,510
977,645
1,021,651
1,063,406
1,113,126
1,159,579
1,283,927
1,330,658
1,377,659
1,421,122
1,458,823
1,507,301
28,283
78,463
122,843
184,071
244,388
309,147
373,225
439,892
501,326
573,354
633,149
705,089
772,591
842,298
912,515
989,189
1,068,062
1,109,177
1,179,739
1,282,527
1,380,021
1,477,242
1,505,096
1,616,352
1,719,932

1,719,932

1,616,352

1,505,096

1,477,242

1,380,021

1,282,527

1,179,739

1,109,177

1,068,062

989,189

912,515

842,298

772,591

705,089

633,149

573,354

501,326

439,892

373,225

309,147

244,388

184,071

122,843

78,463

28,283

1,507,301

1,458,823

1,421,122

1,377,659

1,330,658

1,283,927

1,159,579

1,113,126

1,063,406

1,021,651

977,645

934,510

889,149

849,504

810,396

775,251

737,651

700,519

664,719

626,766

595,736

559,714

524,903

490,815

945,442

912,078

883,365

852,400

817,786

786,844

758,139

730,136

703,346

676,626

649,699

620,594

594,486

567,381

542,431

518,528

494,781

469,880

444,966

422,256

398,705

377,846

357,343

339,227

322,410

305,636

289,407

272,249

257,484

243,324

230,821

218,308

205,489

193,611

182,144

169,879

159,407

149,561

140,082

131,421

122,048

114,774

107,402

100,157

92,776

86,011

79,702

75,514

69,200

64,600

61,300

57,300

52,800

48,400

44,800

41,500

38,400

35,600

33,100

30,700

28,600

26,700

24,900

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
375,721
395,836
415,047
432,538
448,845
101,579
125,723
137,569
159,672
204,721
274,950
326,869
343,593
359,253
377,805
413,754
428,865
471,805
508,402
542,355
577,921
595,030
616,954
623,195
675,773
704,522
720,020
741,748
775,509
625,394
642,906
667,531
694,078
732,538
781,705
806,973
835,968
875,488
900,663
939,067
968,375
989,918
1,019,381
1,048,305
1,094,467
1,131,166
1,163,081
1,190,350
1,225,947
1,261,452
1,290,596
1,323,631
0
0

1,323,631

1,290,596

1,261,452

1,225,947

1,190,350

1,163,081

1,131,166

1,094,467

1,048,305

1,019,381

989,918

968,375

939,067

900,663

875,488

835,968

806,973

781,705

732,538

694,078

667,531

642,906

625,394

775,509

741,748

720,020

704,522

675,773

623,195

616,954

595,030

577,921

542,355

508,402

471,805

428,865

413,754

377,805

359,253

343,593

326,869

274,950

204,721

159,672

137,569

125,723

101,579

448,845

432,538

415,047

395,836

375,721

Treasury Stock

-927,818

-927,814

-927,505

-905,917

-811,532

-753,954

-682,224

-636,956

-606,405

-593,980

-519,678

-433,799

-371,722

-324,167

-278,146

-213,428

-145,342

-23,379

-1,638,384

-1,606,678

-1,560,466

-1,512,127

-1,430,560

-1,321,700

-1,181,695

-1,104,567

-1,033,211

-988,873

-910,210

-838,972

-785,286

-734,746

-660,071

-601,101

-514,979

-454,917

-310,815

-261,759

-150,990

-122,749

-60,559

-33,242

-839,114

-824,382

-740,749

-682,943

-633,905

-607,798

-568,474

-522,100

-467,114

-414,995

-381,786

-370,771

-353,523

-311,248

-299,105

-298,760

-263,043

-233,372

-186,810

-174,505

-158,196

-153,073

-144,185

-137,507

-137,076

-136,820

-141,126

-130,410

-131,133

-139,504

-139,506

-101,196

-28,993

-28,991

-23,309

-23,308

-9,537

-6,880

-5,098

-4,813

-4,812

-2,816

-2,768

-2,520

-2,424

-2,357

-1,976

-1,797

Other Stockholders Equity

1,600
14,400
15,800
17,100
18,400
19,700
21,400
22,800
24,700
26,800
30,300
33,000
43,800
46,800
51,200
55,371
58,635
62,412
22,363
66,575
71,809
77,738
82,208
88,932
95,262
94,433
27,149
14,121
17,132
18,422
23,852
-46,843
-82,328
-79,084
-50,135
-44,752
-51,784
-36,025
-33,345
-25,786
-22,761
-23,040
-20,289
-30,368
-32,812
-70,811
-85,472
-108,791
-101,289
-104,663
-138,799
-146,435
-142,511
-166,155
-170,900
-208,369
-239,010
-263,654
-258,184
-286,800
-325,702
-391,844
-390,269
68,337
65,164
14,820
8,682
-57,038
-35,865
-128,048
-171,386
-241,848
-282,266
-320,992
-356,421
-367,167
-401,808
-446,518
-455,290
-509,537
-564,741
-698,505
-754,787
-807,605
-840,446
-864,930
-862,875
602,015
497,564
454,103
415,932
408,371
409,983
373,174
316,290
281,508
294,258
302,111
286,151
235,964
207,849
142,388
166,962
203,352
235,263
259,635
284,242
318,956
280,515
202,215
170,852
172,426

172,426

170,852

202,215

280,515

318,956

284,242

259,635

235,263

203,352

166,962

142,388

207,849

235,964

286,151

302,111

294,258

281,508

316,290

373,174

409,983

408,371

415,932

454,103

497,564

602,015

-862,875

-864,930

-840,446

-807,605

-754,787

-698,505

-564,741

-509,537

-455,290

-446,518

-401,808

-367,167

-356,421

-320,992

-282,266

-241,848

-171,386

-128,048

-35,865

-57,038

8,682

14,820

65,164

68,337

-390,269

-391,844

-325,702

-286,800

-258,184

-263,654

-239,010

-208,369

-170,900

-166,155

-142,511

-146,435

-138,799

-104,663

-101,289

-108,791

-85,472

-70,811

-32,812

-30,368

-20,289

-23,040

-22,761

-25,786

-33,345

-36,025

-51,784

-44,752

-50,135

-79,084

-82,328

-46,843

23,852

18,422

17,132

14,121

27,149

94,433

95,262

88,932

82,208

77,738

71,809

66,575

22,363

62,412

58,635

55,371

51,200

46,800

43,800

33,000

30,300

26,800

24,700

22,800

21,400

19,700

18,400

17,100

15,800

14,400

1,600

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-08-31	2022-08-31	2021-08-31	2020-08-31	2019-08-31	2018-08-31	2017-08-31	2016-08-31	2015-08-31	2014-08-31	2013-08-31	2012-08-31	2011-08-31	2010-08-31	2009-08-31	2008-08-31	2007-08-31	2006-08-31	2005-08-31	2004-08-31	2003-08-31	2002-08-31	2001-08-31	2000-08-31	1999-08-31	1998-08-31	1997-08-31	1996-08-31
Accounts Payable	120,816	108,395	85,777	82,094	68,138	72,059	59,214	45,836	33,880	26,971	29,864	27,680	24,603	23,976	25,121	22,366	23,461	18,110	20,400	21,123	13,793	11,427	6,183	9,874	7,600	4,800	2,200	1,200
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
Accumulated Depreciation	0	0	0	0	0	0	0	-168,652	-154,015	-144,072	-126,967	-113,016	-92,370	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-87,141	-108,383	-38,962	-39,293	-74,544	-51,439	-34,720	-68,553	-44,052	-17,921	-31,173	-22,726	-5,660	-21,385	-10,223	2,182	9,680	3,328	-2,048	-46	-150	142	138	5	-34,000	-24,200	-17,700	-12,900
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	227,221	237,807	291,556	301,325	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	421	417	412	408	401	393	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	1,323,631	1,190,350	1,048,305	939,067	806,973	667,531	741,748	623,195	542,355	413,754	326,869	137,569	432,538	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	425,444	503,273	681,865	585,605	359,799	208,623	194,731	228,407	158,914	116,378	196,627	189,044	181,685	195,741	216,320	117,986	168,834	126,549	59,457	78,580	51,126	44,819	38,583	39,629	31,800	37,600	26,800	15,700
Cash And Equivalents	425,444	503,273	681,865	585,605	359,799	208,623	194,731	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	457,654	536,492	717,849	605,177	385,612	237,882	227,175	252,624	182,411	136,386	209,352	202,963	181,685	195,741	216,320	143,018	186,222	143,190	76,023	98,104	169,262	130,836	79,305	62,333	31,800	37,600	26,800	15,700
Common Stock	421	417	412	408	401	393	518	512	503	491	481	456	614	601	581	571	562	554	545	352	346	340	334	328	200	0	0	0
Common Stock Shares Outstanding	38,898	38,736	38,570	38,646	38,873	39,377	39,642	41,365	42,235	42,970	44,624	45,810	47,355	48,004	48,789	50,080	51,200	50,592	50,160	75,924	52,224	52,293	78,215	51,585	99,906	148,230	48,771	217,693
Common Stock Total Equity	0	417	412	408	401	393	518	512	503	491	481	456	614	601	581	571	562	554	545	352	346	340	334	328	200	0	0	0
Current Deferred Revenue	152,430	152,039	63,104	53,987	47,656	0	0	0	0	0	0	0	0	0	0	0	0	25,322	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	20,599	22,377	22,023	23,113	20,166	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	8,800	14,752	19,713	16,391	29,023	28,813	1,708	1,697	2,921	2,396	2,593	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
Good Will	1,008,454	965,848	754,362	709,703	685,729	701,833	707,560	452,915	308,287	285,608	244,573	245,791	228,265	221,991	181,355	187,780	146,187	43,074	152,453	6,260	18,872	11,450	11,894	10,734	0	0	0	0
Intangible Assets	1,859,202	1,895,909	134,986	121,095	120,551	148,935	173,543	93,161	40,052	41,855	36,223	43,371	46,310	52,179	46,350	58,333	36,789	141,354	152,453	25,881	18,872	11,450	11,894	10,734	0	0	0	0
Inventory	-3,123	38,539	13,917	38,067	15,033	6,274	9,744	3,158	6,913	8,373	19,740	0	4,008	2,812	13,521	10,738	2,808	1,600	5,277	5,875	5,493	6,085	5,342	0	0	0	0	0
Liabilities And Stockholders Equity	3,948,377	4,014,305	2,222,847	2,083,388	1,548,648	1,419,447	1,413,315	1,019,161	736,671	663,212	690,197	694,143	657,440	643,407	633,137	587,274	523,750	457,228	347,529	229,927	256,159	217,411	172,551	135,568	101,500	70,600	50,800	36,500
Long Term Debt	1,612,700	1,982,424	574,692	574,354	574,174	574,775	575,000	300,000	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	1,612,700	1,982,424	574,535	574,354	574,174	574,775	575,000	300,000	35,000	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	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
Net Debt	1,414,477	1,716,958	184,383	290,074	214,375	366,152	380,269	71,593	-123,914	-116,378	-196,627	-189,044	-181,685	-195,741	-216,320	-117,986	-168,834	-124,709	-59,457	-78,580	-51,126	-44,819	-38,583	-39,629	-31,800	-37,600	-26,800	-15,700
Net Invested Capital	1,612,700	1,982,424	574,692	1,470,729	1,246,430	1,100,675	1,134,691	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	237,665	204,102	151,187	155,011	146,309	156,639	148,331	97,797	95,064	90,354	73,290	74,251	75,004	59,693	62,854	74,859	59,579	59,190	54,029	45,935	35,704	33,563	33,836	29,238	15,000	11,600	7,900	7,100
Net Tangible Assets	-1,247,065	-1,530,349	127,005	896,375	672,256	525,901	559,691	-28,695	183,245	183,619	260,983	263,102	240,613	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	283,066	432,060	617,873	565,637	364,889	209,782	208,237	211,066	164,394	122,484	199,781	185,949	163,747	155,869	200,047	141,897	161,682	127,679	75,463	96,961	168,973	132,165	86,554	67,928	53,100	35,100	27,100	19,000
Non Current Assets Total	3,197,998	3,143,958	1,289,269	1,241,458	964,836	988,531	1,003,939	649,885	432,497	413,437	372,163	395,018	384,270	378,262	333,727	352,751	271,418	250,248	208,381	75,179	43,812	45,348	52,324	35,695	24,900	16,400	10,800	9,700
Non Current Liabilities Other	6,844	3,341	4,942	316,653	78,386	29,626	11,484	41,862	28,610	21,918	27,769	26,110	29,117	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,860,473	2,244,610	890,789	908,924	668,951	672,413	652,485	343,570	65,307	24,839	30,165	28,703	32,829	31,725	32,945	29,177	23,789	19,239	15,736	7,594	556	547	616	621	400	500	300	500
Non Currrent Assets Other	69,226	36,956	29,480	28,629	29,943	27,502	14,970	5,781	4,295	5,956	3,973	6,213	7,909	6,197	5,348	5,246	2,286	2,454	2,847	2,291	2,126	2,010	1,958	4,073	3,500	1,700	1,600	1,600
Noncontrolling Interest In Consolidated Entity	0	0	0	0	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	102,398	41,900	29,480	277,558	37,514	37,218	22,382	19,187	24,894	28,333	25,996	29,326	28,075	25,798	17,643	15,525	9,497	6,008	3,569	5,389	5,593	6,343	4,964	4,073	0	0	0	0
Other Current Assets	55,060	91,214	50,625	43,675	36,858	30,121	24,126	15,697	19,786	14,662	15,652	21,911	12,473	6,899	6,715	5,908	3,723	3,000	3,819	4,834	1,888	1,579	1,744	8,302	29,800	5,000	5,300	4,000
Other Current Liab	165,228	148,668	135,248	111,156	139,303	149,075	141,925	112,374	105,900	100,320	88,389	85,496	84,820	85,300	74,242	70,260	67,189	34,029	43,285	36,664	29,581	28,471	27,490	22,071	15,900	14,300	10,700	6,600
Other Liab	49,391	53,564	56,117	60,278	94,777	97,638	77,485	43,570	30,307	21,918	27,769	26,110	29,117	29,195	29,151	24,055	17,339	10,703	9,079	7,594	556	547	616	621	0	0	0	0
Other Stockholder Equity	202,215	259,635	142,388	303,907	373,174	454,103	-864,930	-698,505	-446,518	-320,992	-128,048	14,820	-391,844	-263,654	-166,155	-104,663	-70,811	-23,040	-36,025	-79,084	18,422	94,433	77,738	62,412	46,800	26,800	19,700	14,400
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	227,944	80,843	370,441	382,031	132,524	100,545	100,454	84,622	59,264	57,641	65,371	76,530	81,620	79,495	88,379	91,113	78,945	59,812	52,359	43,909	19,347	27,555	35,466	20,888	21,400	14,700	9,200	8,100
Property Plant And Equipment Net	227,944	240,301	370,441	382,031	121,042	100,545	100,454	84,622	59,264	57,641	65,371	76,530	81,620	79,495	88,379	91,113	78,945	59,812	52,359	43,909	19,347	27,555	35,466	20,888	21,400	14,700	9,200	8,100
Property Plant Equipment	227,944	240,301	370,441	133,102	132,524	100,545	100,454	84,622	59,264	57,641	65,371	76,530	81,620	79,495	88,379	91,113	78,945	59,812	52,359	43,909	19,347	27,555	35,466	20,888	0	0	0	0
Retained Earnings	1,505,096	1,179,739	912,515	633,149	373,225	122,843	1,458,823	1,283,927	1,021,651	849,504	700,519	559,714	912,078	786,844	676,626	567,381	469,880	377,846	305,636	243,324	193,611	149,561	114,774	86,011	64,600	48,400	35,600	26,700
Retained Earnings Total Equity	0	1,179,739	912,515	633,149	373,225	122,843	1,458,823	1,283,927	1,021,651	849,504	700,519	559,714	912,078	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	574,775	575,000	300,000	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,839,921	2,220,231	866,248	875,679	574,174	574,775	575,000	300,000	35,000	0	0	0	0	0	0	0	0	1,840	0	0	0	0	0	0	0	0	0	0
Short Term Debt	28,839	29,185	31,576	29,056	-47,656	574,775	575,000	300,000	35,000	0	0	0	0	0	0	0	0	1,840	0	0	0	0	0	0	0	0	0	0
Short Term Investments	32,210	33,219	35,984	19,572	25,813	29,259	32,444	24,217	23,497	20,008	12,725	13,919	0	0	0	25,032	17,388	16,641	16,566	19,524	118,136	86,017	40,722	22,704	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
Total Assets	3,948,377	4,014,305	2,222,847	2,083,388	1,548,648	1,419,447	1,413,315	1,019,161	736,671	663,212	690,197	694,143	657,440	643,407	633,137	587,274	523,750	457,228	347,529	229,927	256,159	217,411	172,551	135,568	101,500	70,600	50,800	36,500
Total Current Assets	750,379	870,347	933,578	841,930	583,812	430,916	409,376	369,276	304,174	249,775	318,034	299,125	273,170	265,145	299,410	234,523	252,332	206,980	139,148	154,748	212,347	172,063	120,227	99,873	76,600	54,200	40,000	26,800
Total Current Liabilities	467,313	438,287	315,705	276,293	207,441	221,134	201,139	158,210	139,780	127,291	118,253	113,176	109,423	109,276	99,363	92,626	90,650	79,301	63,685	57,787	43,374	39,898	33,673	31,945	23,500	19,100	12,900	7,800
Total Liab	2,327,786	2,682,897	1,206,494	1,185,217	876,392	893,547	853,624	501,780	205,087	152,130	148,418	141,879	142,252	141,001	132,308	121,803	114,439	98,540	79,421	65,381	43,930	40,445	34,289	32,566	23,900	19,600	13,200	8,300
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,620,591	1,331,408	1,016,353	898,171	672,256	525,900	559,691	517,381	531,584	511,082	541,779	552,264	515,188	502,406	500,829	465,471	409,311	358,688	268,108	164,546	212,229	176,966	138,262	103,002	77,600	51,000	37,600	28,200
Treasury Stock	0	0	-905,917	-636,956	-433,799	-213,428	-1,606,678	-1,321,700	-988,873	-734,746	-454,917	-122,749	-824,382	-607,798	-414,995	-311,248	-233,372	-153,073	-136,820	-139,504	-28,991	-6,880	-2,816	-2,357	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

	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-02-28	2004-11-30	2004-08-31	2004-05-31	2004-02-29	2003-11-30	2003-08-31	2003-05-31	2003-02-28	2002-11-30	2002-08-31	2002-05-31	2002-02-28	2001-11-30	2001-08-31	2001-05-31	2001-02-28	2000-11-30	2000-08-31	2000-05-31	2000-02-29	1999-11-30	1999-08-31	1999-05-31	1999-02-28	1998-11-30	1998-08-31	1998-05-31	1998-02-28	1997-11-30	1997-08-31	1997-05-31	1997-02-28	1996-11-30	1996-08-31	1996-05-31
Accounts Payable	127,665	150,191	120,816	110,282	116,857	122,710	108,395	100,318	90,262	105,481	85,777	80,672	80,606	84,738	82,094	80,048	73,454	87,172	68,138	67,174	66,846	61,271	72,059	62,772	59,395	67,669	59,214	63,611	51,121	50,526	45,836	38,033	39,210	36,525	33,880	31,445	31,175	30,996	26,971	27,295	27,821	29,711	29,864	26,892	29,699	28,538	27,680	28,416	24,960	29,216	24,603	22,744	97,084	26,982	23,976	24,138	23,472	29,309	25,121	21,321	22,676	26,606	22,366	27,116	23,237	18,611	23,461	16,056	19,009	19,174	18,110	23,216	21,450	16,785	20,400	18,369	17,868	19,903	21,123	16,131	13,373	14,481	13,793	13,901	14,278	12,615	11,427	10,014	10,926	9,075	6,183	5,374	15,311	8,161	9,874	4,934	7,442	9,300	7,600	6,800	7,900	5,700	4,800	3,900	6,300	3,400	2,200	2,100	2,500	1,600	1,200	1,100
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	-
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	-179,345	-173,940	-168,652	-163,269	-157,074	0	-154,015	-151,605	-146,738	-141,575	-144,072	-138,477	-131,851	-126,193	-126,967	-120,864	-121,223	-114,661	-113,016	-106,047	-107,861	-101,256	-92,370	-94,096	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-91,029	-86,887	-87,141	-89,344	-92,243	-93,059	-108,383	-77,134	-55,848	-57,670	-38,962	-19,258	-28,496	-39,076	-39,293	-75,060	-66,479	-64,706	-74,544	-65,121	-53,635	-59,188	-51,439	-41,085	-18,598	-26,730	-34,720	-53,640	-77,341	-79,603	-68,553	-51,690	-63,038	-50,854	-44,052	-43,963	-38,756	-31,588	-17,921	-13,349	-16,234	-20,126	-31,173	-26,039	-23,012	-18,365	-22,726	-30,136	-15,579	-19,424	-5,660	-3,839	-8,000	-17,652	-21,385	-32,318	-20,105	-7,121	-10,223	-12,220	-31,027	-24,115	2,182	14,012	13,576	14,180	9,680	7,942	6,113	6,653	3,328	3,005	-3,893	-4,550	-2,048	1,016	5,695	5,217	-46	-380	-225	-131	-150	146	129	114	142	85	135	165	138	51	47	7	5	-74	-19	-36,800	-34,000	-31,000	-28,400	-26,100	-24,200	-22,200	-20,300	-18,800	-17,700	-16,400	-15,100	-13,800	-12,900	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	221,481	227,221	230,340	225,242	230,934	237,807	257,804	264,285	280,992	291,556	304,543	309,393	310,677	301,325	305,244	285,065	266,446	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	423	421	420	420	418	417	416	415	414	412	410	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	0	1,323,631	1,290,596	1,261,452	1,225,947	1,190,350	1,163,081	1,131,166	1,094,467	1,048,305	1,019,381	989,918	968,375	939,067	900,663	875,488	835,968	806,973	781,705	732,538	694,078	667,531	642,906	625,394	775,509	741,748	720,020	704,522	675,773	623,195	616,954	595,030	577,921	542,355	508,402	471,805	428,865	413,754	377,805	359,253	343,593	326,869	274,950	204,721	159,672	137,569	125,723	101,579	448,845	432,538	415,047	395,836	375,721	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	381,708	411,855	425,444	486,627	445,326	437,142	503,273	526,966	773,012	673,900	681,865	658,340	602,684	560,137	585,605	457,707	343,488	336,217	359,799	323,960	218,335	170,378	208,623	213,061	233,628	221,933	194,731	161,758	155,351	173,288	228,407	187,436	175,170	180,148	158,914	157,895	122,070	115,235	116,378	118,858	88,790	174,021	196,627	242,839	151,314	210,712	189,044	228,530	184,998	193,754	181,685	208,668	203,100	202,351	195,741	224,713	204,595	217,861	216,320	191,111	132,308	123,856	117,986	166,829	123,380	154,922	168,834	172,045	139,142	138,877	126,549	102,184	72,948	51,071	59,457	62,656	37,394	50,362	78,580	40,152	36,811	52,977	51,126	39,808	15,267	36,816	44,819	49,566	55,704	48,014	38,583	25,736	47,433	45,524	39,629	42,596	33,516	35,400	31,800	47,900	44,600	44,300	37,600	31,000	30,600	30,100	26,800	22,100	17,000	18,300	15,700	11,900
Cash And Equivalents	0	0	425,444	486,627	445,326	437,142	503,273	526,966	773,012	673,900	681,865	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	450,227	443,927	457,654	518,778	477,348	469,714	536,492	560,546	807,996	708,893	717,849	676,701	620,452	578,303	605,177	480,313	367,373	362,268	385,612	350,315	245,404	197,848	237,882	243,546	265,186	253,610	227,175	193,685	185,354	194,239	252,624	211,156	198,101	203,293	182,411	182,915	147,405	139,962	136,386	134,075	102,975	187,777	209,352	257,418	166,141	225,239	202,963	242,096	200,183	207,546	181,685	208,668	203,100	202,351	195,741	224,713	204,595	217,861	216,320	191,111	132,308	123,856	143,018	191,674	147,125	171,308	186,222	189,180	156,044	155,785	143,190	118,614	90,209	68,254	76,023	90,575	63,408	67,891	98,104	99,766	123,319	182,180	169,262	152,996	121,312	138,659	130,836	119,410	95,317	91,524	79,305	68,091	78,232	69,518	62,333	65,470	60,800	35,400	31,800	47,900	44,600	44,300	37,600	31,000	30,600	30,100	26,800	22,100	17,000	18,300	15,700	11,900
Common Stock	425	423	421	420	420	418	417	416	415	414	412	410	409	409	408	406	405	402	401	400	397	394	393	391	390	521	518	517	517	515	512	509	507	507	503	501	497	493	491	487	485	483	481	474	464	460	456	455	451	616	614	613	600	608	601	599	596	592	581	579	575	572	571	569	568	565	562	559	557	556	554	551	548	545	545	543	541	359	352	351	350	348	346	343	342	341	340	339	337	336	334	333	331	329	328	329	326	300	200	0	0	0	0	0	0	0	0	0	0	0	0	-
Common Stock Shares Outstanding	38,650	38,643	38,784	38,912	38,981	38,914	38,820	38,720	38,761	38,641	38,476	38,488	38,620	38,697	38,940	38,481	38,576	38,587	39,056	38,993	38,619	38,809	38,879	39,104	39,846	39,680	39,281	39,457	39,700	40,100	40,673	41,189	41,536	42,063	41,995	42,297	42,306	42,340	42,386	42,615	43,107	43,773	44,043	44,485	44,455	44,984	45,152	45,736	45,707	46,103	45,114	47,154	47,427	47,487	46,347	47,725	48,066	48,876	47,117	48,836	48,500	49,076	47,412	49,821	50,023	50,610	48,381	51,387	51,314	51,079	48,957	50,909	50,767	50,061	48,373	49,993	50,397	50,024	47,592	73,235	76,869	53,310	50,700	51,911	51,848	78,101	50,717	52,832	52,617	51,933	50,241	52,089	52,169	52,217	49,319	51,758	51,989	47,443	94,824	46,915	151,169	45,391	45,391	43,427	43,313	43,139	43,139	42,909	42,675	42,915	42,915	42,825
Common Stock Total Equity	0	0	0	420	420	418	417	416	415	414	412	410	409	409	408	406	405	402	401	400	397	394	393	391	390	521	518	517	517	515	512	509	507	507	503	501	497	493	491	487	485	483	481	474	464	460	456	455	451	616	614	613	600	608	601	599	0	592	581	579	575	572	571	569	568	565	562	559	557	556	554	551	548	545	545	543	541	359	352	351	350	348	346	343	342	341	340	339	337	336	334	333	331	329	328	329	326	300	200	0	0	0	0	0	0	0	0	0	0	0	0	-
Current Deferred Revenue	175,121	150,152	152,430	147,813	164,190	150,264	152,039	151,591	72,152	54,778	63,104	65,124	67,923	0	0	0	0	3,825	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27,799	25,584	0	0	0	0	0	0	0	0	0	0	0	0	0	0	25,550	22,821	25,322	16,148	10,431	0	0	0	0	0	0	9,827	0	0	0	0	0	0	0	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	9,443	0	7,916	5,787	0	0	5,099	8,862	0	0	14,257	0	0	20,599	16,531	16,782	21,714	22,377	23,587	21,871	22,482	22,023	22,858	26,845	22,064	23,113	22,344	19,638	19,970	20,166	18,821	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,068	6,600	10,991	8,800	14,973	15,018	15,784	14,752	16,018	15,141	18,444	19,713	15,502	13,562	13,471	16,391	19,006	20,220	20,709	29,023	7,007	4,299	29,741	28,813	25,515	2,947	2,766	1,708	1,543	0	1,483	1,697	1,711	2,097	2,533	2,921	3,092	2,723	2,399	2,396	2,431	2,501	2,582	2,593	2,536	2,853	3,386	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-
Good Will	1,003,883	1,005,269	1,008,454	982,162	977,359	974,846	965,848	978,860	786,172	783,025	754,362	749,896	746,041	738,575	709,703	688,484	690,637	691,321	685,729	690,956	700,029	694,897	701,833	704,807	716,912	712,476	707,560	695,667	506,832	507,656	452,915	460,393	489,340	498,636	308,287	307,231	305,893	279,421	285,608	287,287	287,545	259,345	244,573	243,080	243,638	246,734	245,791	221,757	225,275	224,776	228,265	228,559	226,900	223,203	221,991	172,053	176,769	183,123	181,355	180,301	171,527	175,196	187,780	160,211	159,989	149,127	146,187	144,728	143,763	144,058	43,074	140,510	135,098	127,654	152,453	74,466	77,243	71,738	6,260	26,324	18,490	13,677	18,872	19,062	19,253	11,364	11,450	11,536	9,961	11,808	11,894	12,237	10,267	10,518	10,734	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Intangible Assets	1,860,609	1,848,051	1,859,202	1,859,242	1,869,774	1,882,983	1,895,909	1,912,738	135,042	139,313	134,986	130,521	130,897	134,896	121,095	127,207	128,243	131,679	120,551	129,205	136,409	141,037	148,935	155,776	164,687	168,874	173,543	175,534	104,695	109,032	93,161	97,978	106,753	111,934	40,052	41,561	43,313	38,075	41,855	44,603	47,390	40,216	36,223	37,371	39,145	41,854	43,371	38,298	41,470	43,077	46,310	48,578	50,000	50,584	52,179	35,942	40,073	45,068	46,350	48,003	45,654	49,409	58,333	36,239	37,847	36,360	36,789	38,375	39,948	42,000	141,354	44,962	45,160	172,369	152,453	101,931	107,303	100,509	25,881	26,324	18,490	18,681	18,872	19,062	19,253	11,364	11,450	11,536	11,722	11,808	11,894	12,237	10,267	10,518	10,734	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Inventory	0	25,678	-3,123	21,566	41,605	32,178	38,539	31,366	36,569	23,840	13,917	29,436	22,425	25,908	38,067	42,250	25,917	0	15,033	10,365	25,730	0	6,274	9,236	8,110	0	9,744	7,967	7,453	2,695	3,158	51,461	5,504	2,524	6,913	13,960	16,899	1,985	8,373	4,803	17,961	3,847	19,740	19,456	18,617	4,357	0	0	0	0	0	10,932	0	4,015	2,812	5,538	13,862	12,195	13,521	10,076	7,474	7,757	10,738	6,506	13,263	2,930	2,808	1,718	1,557	1,500	1,600	1,903	5,474	5,335	5,277	5,420	4,759	5,243	5,875	5,870	5,086	5,108	5,493	6,245	5,667	5,387	6,085	5,630	5,772	4,750	5,342	5,384	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Liabilities And Stockholders Equity	3,990,866	3,951,226	3,948,377	3,997,910	3,997,709	3,977,540	4,014,305	4,068,564	2,374,157	2,254,364	2,222,847	2,218,445	2,163,507	2,099,426	2,083,388	1,947,705	1,828,572	1,762,232	1,548,648	1,511,901	1,464,994	1,365,927	1,419,447	1,407,172	1,472,492	1,430,602	1,413,315	1,358,014	1,061,829	1,046,165	1,019,161	1,038,975	1,021,705	1,017,687	736,671	728,076	709,572	646,479	663,212	659,636	653,965	671,158	690,197	735,330	669,978	711,856	694,143	694,519	663,824	663,506	657,440	684,631	683,100	659,407	644,608	604,715	613,427	630,250	633,137	613,610	551,265	541,763	587,274	569,794	525,900	517,666	523,750	513,557	489,144	478,555	457,228	436,283	394,508	359,482	347,529	310,377	299,330	282,273	229,927	204,492	214,880	268,596	256,159	243,376	217,444	222,807	217,411	205,152	186,172	177,561	172,551	161,592	160,798	142,280	135,568	118,557	113,525	112,300	101,500	93,000	84,200	78,200	70,600	62,100	58,600	54,200	50,800	46,300	42,000	39,400	36,500	32,900
Long Term Debt	0	1,551,134	1,612,700	1,674,194	1,735,609	1,859,096	1,982,424	2,062,206	574,625	574,580	574,692	574,490	574,399	575,511	574,354	574,309	574,264	574,219	574,174	574,129	574,848	574,812	574,775	574,739	574,702	574,666	575,000	575,000	365,000	365,000	300,000	300,000	300,000	300,000	35,000	35,000	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,618	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,612,700	1,674,194	1,735,609	1,859,096	1,982,424	2,105,142	574,625	574,580	574,535	574,490	574,399	575,511	574,354	574,309	574,264	574,219	574,174	574,129	574,848	574,812	574,775	574,739	0	574,666	575,000	0	365,000	365,000	300,000	300,000	0	0	35,000	35,000	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-
Net Debt	1,322,504	1,360,760	1,414,477	1,417,907	1,515,525	1,652,888	1,716,958	1,835,980	65,898	181,672	184,383	220,693	281,108	326,051	290,074	421,846	515,841	504,448	214,375	250,169	356,513	404,434	366,152	361,678	341,074	352,733	380,269	413,242	209,649	191,712	71,593	112,564	124,830	119,852	-123,914	-122,895	-87,070	-115,235	-116,378	-118,858	-88,790	-174,021	-196,627	-242,839	-151,314	-210,712	-189,044	-228,530	-184,998	-193,754	-181,685	-208,668	-203,100	-202,351	-195,741	-224,713	-204,595	-217,861	-216,320	-191,111	-132,308	-123,856	-117,986	-166,829	-123,380	-154,922	-168,834	-172,045	-139,142	-136,953	-124,709	-100,389	-71,283	-49,453	-59,457	-62,656	-37,394	-50,362	-78,580	-40,152	-36,811	-52,977	-51,126	-39,808	-15,267	-36,816	-44,819	-49,566	-55,704	-48,014	-38,583	-25,736	-47,433	-45,524	-39,629	-42,596	-33,516	-35,400	-31,800	-47,900	-44,600	-44,300	-37,600	-31,000	-30,600	-30,100	-26,800	-22,100	-17,000	-18,300	-15,700	-11,900
Net Invested Capital	0	1,551,134	1,612,700	1,674,194	1,735,609	1,859,096	1,982,424	2,105,142	574,625	1,673,475	574,692	574,490	574,399	1,528,084	1,470,729	1,367,267	1,291,024	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	272,177	245,318	237,665	237,794	257,408	227,489	204,102	226,488	188,308	157,390	151,187	161,073	171,574	156,218	155,011	151,398	168,139	145,434	146,309	153,461	176,356	159,890	156,639	145,255	165,493	144,848	148,331	147,455	130,825	109,680	97,797	104,666	105,928	98,630	95,064	91,860	100,038	88,453	90,354	86,069	97,564	76,348	73,290	69,143	85,763	78,895	74,251	66,568	71,459	64,833	75,004	67,537	70,500	63,869	59,693	58,495	68,193	60,310	62,854	70,579	81,621	71,313	74,859	69,369	70,767	62,989	59,579	55,039	69,787	61,199	59,190	61,827	58,918	57,005	54,029	54,183	67,182	53,041	45,935	39,807	38,779	35,711	35,704	36,770	38,760	34,594	33,563	31,806	34,521	29,111	33,836	33,072	30,917	27,457	29,238	18,831	18,372	16,600	15,000	17,700	13,900	11,200	11,600	10,900	9,700	8,500	7,900	7,700	8,700	6,800	7,100	9,300
Net Tangible Assets	0	-1,152,580	-1,247,065	686,671	629,795	499,282	-1,530,349	-1,623,876	294,767	176,557	127,005	281,403	234,427	213,998	896,375	104,474	26,123	-131,122	672,256	654,409	-100,508	-294,725	525,901	535,333	-269,509	618,217	559,691	-343,648	-118,297	-119,905	-28,695	-14,714	51,718	557,769	183,245	183,583	179,878	184,137	183,619	183,378	182,719	247,061	260,983	322,838	264,397	297,925	263,102	300,331	277,279	268,512	240,613	277,300	558,187	542,558	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	363,269	309,885	283,066	443,369	451,215	445,186	432,060	435,590	797,421	676,008	617,873	639,119	596,410	576,206	565,637	461,129	372,576	338,565	376,371	360,781	289,183	234,061	209,782	231,817	285,574	265,412	208,237	191,052	188,952	188,443	211,066	228,321	187,304	192,117	164,394	169,362	160,228	125,165	122,484	120,906	122,746	183,256	199,781	254,942	189,748	224,713	185,949	222,505	201,343	192,280	163,747	201,213	207,200	193,382	155,869	210,219	214,230	224,732	200,047	192,955	146,999	126,952	141,897	188,737	163,441	176,661	161,682	178,932	161,683	149,530	127,679	106,866	90,996	77,901	75,463	99,394	89,943	78,240	96,961	101,046	133,749	186,585	168,973	154,803	135,129	145,062	132,165	122,149	109,747	96,305	86,554	76,932	75,833	74,819	67,928	70,497	65,020	58,700	53,100	52,600	41,100	39,900	35,100	31,300	29,200	30,600	27,100	23,500	20,800	20,800	19,000	-
Non Current Assets Total	3,167,845	3,185,455	3,197,998	3,153,601	3,139,055	3,148,333	3,143,958	3,195,094	1,283,498	1,305,796	1,289,269	1,298,391	1,295,794	1,295,337	1,241,458	1,239,276	1,227,467	1,216,017	964,836	959,596	977,029	974,744	988,531	977,562	1,000,425	1,003,590	1,003,939	984,831	717,789	721,506	649,885	655,956	694,364	696,839	432,497	423,862	427,647	400,747	413,437	419,533	421,929	390,189	372,163	375,242	385,417	391,810	395,018	365,824	371,787	375,945	384,270	386,141	384,600	380,513	379,463	309,288	320,128	334,688	333,727	335,283	325,155	334,080	352,751	296,571	289,714	276,085	271,418	262,478	257,431	256,160	250,248	250,345	237,101	225,817	208,381	155,776	160,172	150,693	75,179	54,897	45,045	43,695	43,812	45,537	49,921	42,474	45,348	46,731	48,544	50,311	52,324	52,976	45,053	37,469	35,695	26,030	26,694	25,800	24,900	21,900	21,200	17,500	16,400	16,400	15,100	10,800	10,800	12,000	12,300	10,300	9,700	8,000
Non Current Liabilities Other	0	6,767	6,844	3,107	3,276	3,309	3,341	3,698	3,785	292,545	4,942	315,703	322,196	325,015	316,653	317,636	295,457	275,014	78,386	72,833	71,623	9,480	29,626	0	0	46,378	11,484	47,815	45,564	45,400	41,862	39,077	0	29,704	28,610	24,138	21,694	21,746	21,918	22,079	24,298	24,424	27,769	24,464	25,484	27,428	26,110	25,407	26,253	28,474	29,117	29,082	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,729,360	1,794,600	1,860,473	1,928,137	1,983,116	2,119,391	2,244,610	2,362,962	864,938	882,909	890,789	906,211	911,736	918,970	908,924	907,447	883,283	862,704	668,951	665,968	666,691	667,596	672,413	674,046	673,909	650,785	652,485	648,330	413,511	413,166	343,570	340,620	340,610	331,187	65,307	60,849	58,791	24,279	24,839	25,171	27,021	26,823	30,165	26,895	27,985	30,010	28,703	27,943	29,106	31,860	32,829	32,917	33,600	31,337	32,926	32,097	32,696	33,503	32,945	32,691	28,447	28,888	29,177	29,585	29,274	28,692	23,789	20,755	20,556	20,065	19,239	19,073	18,001	18,658	15,736	15,988	16,382	16,008	7,594	7,479	7,204	722	556	575	579	525	547	565	578	599	616	588	607	631	621	517	523	600	400	400	400	400	500	400	300	400	300	400	400	500	500	400
Non Currrent Assets Other	64,120	86,866	69,226	61,462	57,662	52,649	36,956	35,121	39,089	31,022	29,480	31,062	29,957	29,154	28,629	32,539	30,469	27,820	29,943	28,151	29,025	27,801	27,502	14,683	15,569	16,534	14,970	11,089	7,950	7,066	5,781	5,246	4,860	4,923	4,295	4,081	4,966	5,629	5,956	6,011	4,496	3,862	3,973	4,226	4,706	5,637	6,213	6,252	6,809	8,057	7,909	8,396	22,600	6,591	6,197	5,413	5,778	5,394	5,348	4,534	4,246	4,914	5,246	2,747	2,471	2,407	2,286	2,571	2,569	2,422	2,454	2,392	2,487	2,190	2,847	2,697	2,715	2,435	2,291	2,266	2,247	2,411	2,126	2,108	2,096	2,010	2,010	1,991	1,965	1,976	1,958	1,902	4,636	4,778	4,073	4,372	4,214	3,900	3,500	1,300	1,600	1,700	1,700	1,400	1,700	1,900	1,600	1,700	1,700	1,600	1,600	1,200
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	110,705	102,398	73,503	63,324	57,083	41,900	40,987	41,258	33,147	29,480	31,062	29,957	286,745	28,629	32,539	37,641	38,334	37,514	37,282	35,762	37,244	37,218	22,599	902,955	904,859	903,485	887,389	628,339	631,068	565,263	577,874	618,697	627,122	373,233	369,404	370,954	344,839	355,796	361,488	361,302	325,905	306,792	307,535	314,334	316,289	318,488	288,651	293,192	295,880	302,650	304,354	303,282	299,885	299,968	230,221	237,665	246,261	245,348	245,463	233,566	241,802	261,638	208,446	208,909	196,805	192,473	192,164	191,658	192,699	190,436	190,517	184,572	175,389	156,022	104,852	113,790	105,440	31,270	32,955	26,248	24,190	24,465	25,342	26,688	18,255	17,793	17,738	17,597	17,106	16,858	16,727	14,903	15,296	14,807	4,372	4,214	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Current Assets	100,617	50,848	55,060	66,171	82,293	99,826	91,214	55,070	57,786	58,445	50,625	52,844	53,262	43,660	43,675	34,468	39,676	38,513	36,858	38,164	40,475	33,445	30,121	31,573	33,278	28,554	24,126	24,076	20,408	18,045	15,697	15,736	17,808	16,401	19,786	15,479	17,583	15,332	14,662	15,156	13,536	12,997	15,652	14,071	14,040	11,555	21,911	20,031	20,395	15,182	16,481	11,353	24,900	8,659	6,899	6,681	6,649	5,196	6,715	6,561	4,707	4,757	5,908	5,674	5,031	4,354	3,723	5,142	4,325	3,911	3,000	3,594	2,806	3,071	3,819	4,423	3,809	5,405	4,834	4,152	2,651	1,902	1,888	1,828	1,784	1,693	1,579	1,575	2,018	1,865	1,744	2,069	6,596	7,836	8,302	8,226	7,659	34,500	29,800	5,500	4,500	5,200	5,000	3,800	3,200	4,800	5,300	4,500	4,000	4,000	4,000	3,700
Other Current Liab	128,001	126,709	165,228	113,245	97,819	82,077	148,668	112,278	99,814	81,061	135,248	102,718	90,791	112,191	165,143	138,027	127,245	87,247	139,303	124,350	131,936	95,851	149,075	135,021	127,098	93,931	141,925	118,520	103,967	85,690	112,374	116,665	100,827	92,206	105,900	103,407	90,522	89,571	100,320	91,902	81,469	68,002	88,389	78,254	65,114	66,795	85,496	77,774	65,734	66,065	84,820	74,533	63,501	27,521	85,300	61,070	55,597	41,521	74,242	64,051	56,435	54,125	70,260	57,370	49,508	46,309	67,189	56,091	9,840	28,946	34,029	37,913	32,865	38,979	43,285	36,838	31,347	33,437	36,664	8,573	22,713	23,835	29,581	29,135	18,116	22,656	28,471	26,258	16,955	21,870	27,490	26,310	24,601	21,831	22,071	17,096	14,369	18,500	15,900	11,700	14,000	15,100	14,300	10,500	8,000	9,400	10,700	8,700	6,400	6,700	6,600	4,900
Other Liab	0	50,819	49,391	0	0	58,331	53,564	73,709	57,038	58,577	56,117	59,599	59,927	59,917	60,278	53,641	51,784	51,445	94,777	91,839	91,843	92,784	97,638	99,307	73,519	51,091	52,593	50,291	45,564	45,400	41,862	39,077	39,141	29,704	28,610	24,138	21,694	21,746	21,918	22,079	24,298	24,424	27,769	24,464	25,484	27,428	26,110	25,407	26,253	28,474	29,117	29,082	29,748	27,632	29,195	29,521	29,579	29,643	29,151	28,687	24,813	24,439	24,055	23,800	23,118	22,249	17,339	14,049	12,576	11,692	10,703	10,278	9,483	9,036	9,079	9,137	8,876	8,337	7,594	7,479	7,204	722	556	575	579	525	547	565	578	599	616	588	607	631	621	517	523	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Stockholder Equity	172,426	170,852	202,215	280,515	318,956	284,242	259,635	235,263	203,352	166,962	142,388	207,849	235,964	286,151	302,111	294,258	281,508	316,290	373,174	409,983	408,371	415,932	454,103	497,564	602,015	-862,875	-864,930	-840,446	-807,605	-754,787	-698,505	-564,741	-509,537	-455,290	-446,518	-401,808	-367,167	-356,421	-320,992	-282,266	-241,848	-171,386	-128,048	-35,865	-57,038	8,682	14,820	65,164	68,337	-390,269	-391,844	-325,702	-286,800	-258,184	-263,654	-239,010	-208,369	-170,900	-166,155	-142,511	-146,435	-138,799	-104,663	-101,289	-108,791	-85,472	-70,811	-32,812	-30,368	-20,289	-23,040	-22,761	-25,786	-33,345	-36,025	-51,784	-44,752	-50,135	-79,084	-82,328	-46,843	23,852	18,422	17,132	14,121	27,149	94,433	95,262	88,932	82,208	77,738	71,809	66,575	22,363	62,412	58,635	55,371	51,200	46,800	43,800	33,000	30,300	26,800	24,700	22,800	21,400	19,700	18,400	17,100	15,800	14,400	1,600
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	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Gross	0	221,430	227,944	238,694	228,598	233,421	80,843	0	0	0	370,441	386,912	388,899	135,121	382,031	391,046	370,946	354,683	132,524	105,287	104,829	101,566	100,545	94,380	97,470	98,731	100,454	97,442	89,450	90,438	84,622	78,082	75,667	69,717	59,264	54,458	56,693	55,908	57,641	58,045	60,627	64,284	65,371	67,707	71,083	75,521	76,530	77,173	78,595	80,065	81,620	81,787	81,300	80,628	79,495	79,067	82,463	88,427	88,379	89,820	91,589	92,278	91,113	88,125	80,805	79,280	78,945	70,314	65,773	63,461	59,812	59,828	52,529	50,428	52,359	50,924	46,382	45,253	43,909	21,942	18,797	19,505	19,347	20,195	23,233	24,219	27,555	28,993	30,947	33,205	35,466	36,249	30,150	22,173	20,888	21,658	22,480	21,900	21,400	20,600	19,600	15,800	14,700	15,000	13,400	8,900	9,200	10,300	10,600	8,700	8,100	-
Property Plant And Equipment Net	214,888	221,430	227,944	238,694	228,598	233,421	240,301	262,509	321,026	350,311	370,441	386,912	388,899	392,712	382,031	391,046	370,946	354,683	121,042	105,287	104,829	101,566	100,545	94,380	97,470	98,731	100,454	97,442	89,450	90,438	84,622	78,082	75,667	69,717	59,264	54,458	56,693	55,908	57,641	58,045	60,627	64,284	65,371	67,707	71,083	75,521	76,530	77,173	78,595	80,065	81,620	81,787	81,300	80,628	79,495	79,067	82,463	88,427	88,379	89,820	91,589	92,278	91,113	88,125	80,805	79,280	78,945	70,314	65,773	63,461	59,812	59,828	52,529	50,428	52,359	50,924	46,382	45,253	43,909	21,942	18,797	19,505	19,347	20,195	23,233	24,219	27,555	28,993	30,947	33,205	35,466	36,249	30,150	22,173	20,888	21,658	22,480	21,900	21,400	20,600	19,600	15,800	14,700	15,000	13,400	8,900	9,200	10,300	10,600	8,700	8,100	6,800
Property Plant Equipment	0	221,430	227,944	238,694	228,598	233,421	240,301	262,509	321,026	350,311	370,441	135,850	132,871	135,121	133,102	136,655	135,016	137,726	132,524	105,287	104,829	101,566	100,545	94,380	97,470	98,731	100,454	97,442	89,450	90,438	84,622	78,082	75,667	69,717	59,264	54,458	56,693	55,908	57,641	58,045	60,627	64,284	65,371	67,707	71,083	75,521	76,530	77,173	78,595	80,065	81,620	81,787	81,336	80,628	79,495	79,067	82,463	88,427	88,379	89,820	91,589	92,278	91,113	88,125	80,805	79,280	78,945	70,314	65,773	63,461	59,812	59,828	52,529	50,428	52,359	50,924	46,382	45,253	43,909	21,942	18,797	19,505	19,347	20,195	23,233	24,219	27,555	28,993	30,947	33,205	35,466	36,249	30,150	22,173	20,888	21,658	22,480	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Retained Earnings	1,719,932	1,616,352	1,505,096	1,477,242	1,380,021	1,282,527	1,179,739	1,109,177	1,068,062	989,189	912,515	842,298	772,591	705,089	633,149	573,354	501,326	439,892	373,225	309,147	244,388	184,071	122,843	78,463	28,283	1,507,301	1,458,823	1,421,122	1,377,659	1,330,658	1,283,927	1,159,579	1,113,126	1,063,406	1,021,651	977,645	934,510	889,149	849,504	810,396	775,251	737,651	700,519	664,719	626,766	595,736	559,714	524,903	490,815	945,442	912,078	883,365	852,400	817,786	786,844	758,139	730,136	703,346	676,626	649,699	620,594	594,486	567,381	542,431	518,528	494,781	469,880	444,966	422,256	398,705	377,846	357,343	339,227	322,410	305,636	289,407	272,249	257,484	243,324	230,821	218,308	205,489	193,611	182,144	169,879	159,407	149,561	140,082	131,421	122,048	114,774	107,402	100,157	92,776	86,011	79,702	75,514	69,200	64,600	61,300	57,300	52,800	48,400	44,800	41,500	38,400	35,600	33,100	30,700	28,600	26,700	24,900
Retained Earnings Total Equity	0	0	0	1,477,242	1,380,021	1,282,527	1,179,739	1,109,177	1,068,062	989,189	912,515	842,298	772,591	705,089	633,149	573,354	501,326	439,892	373,225	309,147	244,388	184,071	122,843	78,463	28,283	1,507,301	1,458,823	1,421,122	1,377,659	1,330,658	1,283,927	1,159,579	1,113,126	1,063,406	1,021,651	977,645	934,510	889,149	849,504	810,396	775,251	737,651	700,519	664,719	626,766	595,736	559,714	524,903	490,815	945,442	912,078	883,365	852,428	817,786	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	42,936	0	0	0	0	0	0	0	0	0	0	0	0	0	0	574,775	574,739	574,702	574,666	575,000	575,000	0	0	300,000	0	0	0	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt Total	1,704,212	1,772,615	1,839,921	1,904,534	1,960,851	2,090,030	2,220,231	2,362,946	838,910	855,572	866,248	879,033	883,792	886,188	875,679	879,553	859,329	840,665	574,174	574,129	574,848	574,812	574,775	574,739	574,702	574,666	575,000	575,000	365,000	365,000	300,000	300,000	300,000	300,000	35,000	35,000	35,000	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	1,924	1,840	1,795	1,665	1,618	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Term Debt	28,965	28,834	28,839	29,600	28,573	28,970	29,185	73,693	31,010	31,240	31,576	32,421	31,983	30,954	29,056	29,225	27,830	29,406	574,174	0	0	0	574,775	574,739	574,702	574,666	575,000	575,000	0	0	300,000	0	300,000	300,000	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,425	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15,631	1,924	1,840	1,795	1,665	0	0	0	0	0	0	14,018	0	0	0	0	0	0	0	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 Term Investments	68,519	32,072	32,210	32,151	32,022	32,572	33,219	33,580	34,984	34,993	35,984	18,361	17,768	18,166	19,572	22,606	23,885	26,051	25,813	26,355	27,069	27,470	29,259	30,485	31,558	31,677	32,444	31,927	30,003	20,951	24,217	23,720	22,931	23,145	23,497	25,020	25,335	24,727	20,008	15,217	14,185	13,756	12,725	14,579	14,827	14,527	13,919	13,566	15,185	13,792	0	0	0	0	0	0	0	0	0	0	0	0	25,032	24,845	23,745	16,386	17,388	17,135	16,902	16,908	16,641	16,430	17,261	17,183	16,566	27,919	26,014	17,529	19,524	59,614	86,508	129,203	118,136	113,188	106,045	101,843	86,017	69,844	39,613	43,510	40,722	42,355	30,799	23,994	22,704	22,874	27,284	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	-
Total Assets	3,990,866	3,951,226	3,948,377	3,997,910	3,997,709	3,977,540	4,014,305	4,068,564	2,374,157	2,254,364	2,222,847	2,218,445	2,163,507	2,099,426	2,083,388	1,947,705	1,828,572	1,762,232	1,548,648	1,511,901	1,464,994	1,365,927	1,419,447	1,407,172	1,472,492	1,430,602	1,413,315	1,358,014	1,061,829	1,046,165	1,019,161	1,038,975	1,021,705	1,017,687	736,671	728,076	709,572	646,479	663,212	659,636	653,965	671,158	690,197	735,330	669,978	711,856	694,143	694,519	663,824	663,506	657,440	684,631	683,100	659,407	644,608	604,715	613,427	630,250	633,137	613,610	551,265	541,763	587,274	569,794	525,900	517,666	523,750	513,557	489,144	478,555	457,228	436,283	394,508	359,482	347,529	310,377	299,330	282,273	229,927	204,492	214,880	268,596	256,159	243,376	217,444	222,807	217,411	205,152	186,172	177,561	172,551	161,592	160,798	142,280	135,568	118,557	113,525	112,300	101,500	93,000	84,200	78,200	70,600	62,100	58,600	54,200	50,800	46,300	42,000	39,400	36,500	32,900
Total Current Assets	823,021	765,771	750,379	844,309	858,654	829,207	870,347	873,470	1,090,659	948,568	933,578	920,054	867,713	804,089	841,930	708,429	601,105	546,215	583,812	552,305	487,965	391,183	430,916	429,610	472,067	427,012	409,376	373,183	344,040	324,659	369,276	383,019	327,341	320,848	304,174	304,214	281,925	245,732	249,775	240,103	232,036	280,969	318,034	360,088	284,561	320,046	299,125	328,695	292,037	287,561	273,170	298,490	298,500	278,894	265,145	295,427	293,299	295,562	299,410	278,327	226,110	207,683	234,523	273,223	236,186	241,581	252,332	251,079	231,713	222,395	206,980	185,938	157,407	133,665	139,148	154,601	139,158	131,580	154,748	149,595	169,835	224,901	212,347	197,839	167,523	180,333	172,063	158,421	137,628	127,250	120,227	108,616	115,745	104,811	99,873	92,527	86,831	86,500	76,600	71,100	63,000	60,700	54,200	45,700	43,500	43,400	40,000	34,300	29,700	29,100	26,800	24,900
Total Current Liabilities	459,752	455,886	467,313	400,940	407,439	384,021	438,287	437,880	293,238	272,560	315,705	280,935	271,303	227,883	276,293	247,300	228,529	207,650	207,441	191,524	198,782	157,122	221,134	197,793	186,493	161,600	201,139	182,131	155,088	136,216	158,210	154,698	140,037	128,731	139,780	134,852	121,697	120,567	127,291	119,197	109,290	97,713	118,253	105,146	94,813	95,333	113,176	106,190	90,694	95,281	109,423	97,277	91,300	85,512	109,276	85,208	79,069	70,830	99,363	85,372	79,111	80,731	92,626	84,486	72,745	64,920	90,650	72,147	70,030	72,865	79,301	79,072	66,411	55,764	63,685	55,207	49,215	53,340	57,787	48,549	36,086	38,316	43,374	43,036	32,394	35,271	39,898	36,272	27,881	30,945	33,673	31,684	39,912	29,992	31,945	22,030	21,811	27,800	23,500	18,500	21,900	20,800	19,100	14,400	14,300	12,800	12,900	10,800	8,900	8,300	7,800	6,000
Total Liab	2,189,112	2,250,486	2,327,786	2,329,077	2,390,555	2,503,412	2,682,897	2,800,842	1,158,176	1,155,469	1,206,494	1,187,146	1,183,039	1,146,853	1,185,217	1,154,747	1,111,812	1,070,354	876,392	857,492	865,473	824,718	893,547	871,839	860,402	812,385	853,624	830,461	568,599	549,382	501,780	495,318	480,647	459,918	205,087	195,701	180,488	144,846	152,130	144,368	136,311	124,536	148,418	132,041	122,798	125,343	141,879	134,133	119,800	127,141	142,252	130,194	124,900	116,849	142,202	117,305	111,765	104,333	132,308	118,063	107,558	109,619	121,803	114,071	102,019	93,612	114,439	92,902	90,586	92,930	98,540	98,145	84,412	74,422	79,421	71,195	65,597	69,348	65,381	56,028	43,290	39,038	43,930	43,611	32,973	35,796	40,445	36,837	28,459	31,544	34,289	32,272	40,519	30,623	32,566	22,547	22,334	28,400	23,900	18,900	22,300	21,200	19,600	14,800	14,600	13,200	13,200	11,200	9,300	8,800	8,300	6,400
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,801,754	1,700,740	1,620,591	1,668,833	1,607,154	1,474,128	1,331,408	1,267,722	1,215,981	1,098,895	1,016,353	1,031,299	980,468	952,573	898,171	792,958	716,760	691,878	672,256	654,409	599,521	541,209	525,900	535,333	612,090	618,217	559,691	527,553	493,230	496,783	517,381	543,657	541,058	557,769	531,584	532,375	529,084	501,633	511,082	515,268	517,654	546,622	541,779	603,289	547,180	586,513	552,264	560,386	544,024	536,365	515,188	554,437	558,200	542,558	502,406	487,410	501,662	525,917	500,829	495,547	443,707	432,144	465,471	455,723	423,881	424,054	409,311	420,655	398,558	385,625	358,688	338,138	310,096	285,060	268,108	239,182	233,733	212,925	164,546	148,464	171,590	229,558	212,229	199,765	184,471	187,011	176,966	168,315	157,713	146,017	138,262	129,320	120,279	111,657	103,002	96,010	91,191	83,900	77,600	74,100	61,900	57,000	51,000	47,300	44,000	41,000	37,600	35,100	32,700	30,600	28,200	26,500
Treasury Stock	0	0	0	0	0	0	0	-927,818	-927,814	-927,505	-905,917	-811,532	-753,954	-682,224	-636,956	-606,405	-593,980	-519,678	-433,799	-371,722	-324,167	-278,146	-213,428	-145,342	-23,379	-1,638,384	-1,606,678	-1,560,466	-1,512,127	-1,430,560	-1,321,700	-1,181,695	-1,104,567	-1,033,211	-988,873	-910,210	-838,972	-785,286	-734,746	-660,071	-601,101	-514,979	-454,917	-310,815	-261,759	-150,990	-122,749	-60,559	-33,242	-839,114	-824,382	-740,749	-682,943	-633,905	-607,798	-568,474	-522,100	-467,114	-414,995	-381,786	-370,771	-353,523	-311,248	-299,105	-298,760	-263,043	-233,372	-186,810	-174,505	-158,196	-153,073	-144,185	-137,507	-137,076	-136,820	-141,126	-130,410	-131,133	-139,504	-139,506	-101,196	-28,993	-28,991	-23,309	-23,308	-9,537	-6,880	-5,098	-4,813	-4,812	-2,816	-2,768	-2,520	-2,424	-2,357	-1,976	-1,797	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	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-08-31	2022-08-31	2021-08-31	2020-08-31	2019-08-31	2018-08-31	2017-08-31	2016-08-31	2015-08-31	2014-08-31	2013-08-31	2012-08-31	2011-08-31	2010-08-31	2009-08-31	2008-08-31	2007-08-31	2006-08-31	2005-08-31	2004-08-31	2003-08-31	2002-08-31	2001-08-31	2000-08-31	1999-08-31	1998-08-31	1997-08-31	1996-08-31
Begin Period Cash Flow	503,273	681,865	585,605	359,799	208,623	194,731	228,407	158,914	116,378	196,627	189,044	181,685	195,741	216,320	117,986	168,834	126,549	59,457	78,580	51,126	44,819	38,583	39,629	31,837	37,600	26,800	15,700	11,600
Capital Expenditures	60,786	51,156	61,325	77,641	59,370	33,520	36,862	47,740	25,682	17,743	18,517	22,520	29,343	20,768	24,040	35,780	39,251	23,689	21,935	37,838	8,457	10,021	30,143	11,303	16,500	12,000	5,800	6,400
Cash And Cash Equivalents Changes	0	-156,164	96,523	214,133	151,176	13,892	-33,676	69,493	42,536	-80,249	7,583	7,359	-14,056	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-31,967	-3,130	15,370	-3,369	-11,537	1,613	13,687	-207	-3,455	1,689	-1,933	-6,296	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-77,829	-178,592	96,260	225,806	151,176	13,892	-33,676	69,493	42,536	-80,249	7,583	7,359	-14,056	-20,579	98,334	-50,848	42,285	67,092	-19,123	27,454	6,307	6,236	-1,046	7,792	-5,800	200	11,100	4,100
Change In Working Capital	-25,241	-79,644	7,850	27,912	-16,435	31,551	-16,040	50,602	37,622	9,199	17,518	2,314	-6,371	39,861	23,653	-11,723	15,909	6,096	-5,753	1,147	-208	5,822	-4,591	-5,784	-900	2,600	4,100	1,900
Change Receivables	0	-32,980	3,646	-8,608	10,205	-8,417	-29,503	-3,541	-4,300	-13,299	859	2,083	-15,311	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-40,103	-32,980	3,646	-8,608	10,205	-8,417	-29,502	-3,541	-4,300	-13,299	859	2,083	-15,311	3,883	12,005	0	0	0	0	0	0	273	0	0	0	0	0	0
Change To Inventory	10,856	0	-16,452	-24,224	-19,238	16,435	7,027	30,277	25,914	21,774	15,603	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	4,006	6,715	7,146	4,649	-23,271	51,506	11,849	40,456	42,129	25,953	14,970	2,164	15,236	6,132	7,293	7,139	13,736	0	0	9,000	3,714	7,634	0	4,794	0	0	0	0
Change To Netincome	45,334	111,560	40,464	63,877	30,318	29,746	30,013	-96,329	-3,580	9,846	17,875	7,063	5,614	0	0	0	0	3,497	0	5,167	934	0	2,593	178	0	0	0	0
Change To Operating Activities	-23,517	-54,375	-29,240	-16,940	-5,570	-5,802	8,040	17,648	3,309	-1,502	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	137,728	129,715	107,322	57,614	60,463	57,285	48,294	38,052	31,349	34,435	35,779	33,779	36,847	37,343	34,337	30,654	28,560	24,256	18,318	14,658	17,541	18,276	16,524	11,865	9,800	6,600	4,700	3,000
Dividends Paid	138,601	125,934	117,927	110,439	100,052	89,408	80,898	74,218	66,551	61,007	56,002	49,983	43,949	38,494	34,770	25,848	14,654	10,043	8,837	7,736	6,673	5,377	4,006	3,264	1,400	0	0	0
End Period Cash Flow	425,444	503,273	681,865	585,605	359,799	208,623	194,731	228,407	158,914	116,378	196,627	189,044	181,685	195,741	216,320	117,986	168,834	126,549	59,457	78,580	51,126	44,819	38,583	39,629	31,800	27,000	26,800	15,700
Exchange Rate Changes	0	0	0	0	-5,586	-3,208	1,264	-12,237	-11,703	2,165	-3,406	-7,039	7,274	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	584,787	487,121	493,901	428,199	367,766	352,148	283,665	283,400	280,760	247,280	251,292	209,445	177,793	190,312	183,730	107,344	116,657	97,133	72,411	38,532	66,254	56,674	19,464	19,259	9,100	9,300	11,200	4,000
Investments	-95,393	-878	-16,611	4,010	3,270	-11	-7,358	-896	-4,437	-6,092	-1,190	-15,000	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
Net Borrowings	-375,000	1,413,355	1,413,355	1,413,355	1,413,355	0	274,562	264,988	34,968	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	468,134	396,917	399,590	372,938	352,790	267,085	258,259	338,815	241,051	211,543	198,637	188,809	171,046	150,211	144,950	125,017	109,567	82,916	71,765	58,017	51,438	40,848	33,401	25,279	18,600	12,600	8,900	6,500
Other Cashflows From Financing Activities	-13,709	2,308,807	59,918	91,989	-901	73,326	8,670	340,044	135,442	64,107	149,762	44,906	61,410	79,742	28,178	9,572	7,393	5,614	-111,126	60,492	-48,570	-55,212	-50,204	-20,854	7,500	-10,600	100	-300
Other Cashflows From Investing Activities	-34,607	-1,982,519	-74,667	4,010	3,270	-15,000	-303,086	-109,772	-34,758	-46,873	-705	-21,329	0	0	0	0	0	0	0	6,092	0	0	0	0	0	0	0	0
Other Non Cash Items	45,564	44,001	-44,385	171	196	141	-9,048	-130,650	-28,982	-12,017	-25,251	-11,159	-18,353	-24,573	-4,475	4,079	9,123	-1,342	6,987	1,317	2,112	1,659	1,224	1,300	1,000	500	-100	-100
Sale Purchase Of Stock	-176,720	-18,639	-264,702	-199,625	-220,372	-303,955	-260,978	-356,828	-256,217	-279,829	-332,168	-153,641	-216,584	-192,816	-103,827	-77,869	-80,299	-16,253	-13,509	-110,513	-22,111	-4,064	-459	-1,036	-900	0	-100	0
Stock Based Compensation	62,038	56,003	45,066	36,579	32,400	31,516	34,183	29,793	26,371	22,891	39,951	21,982	25,773	14,065	13,623	-75	-62	8,391	0	1,924	2,370	2,160	1,800	0	0	200	600	0
Total Cash From Financing Activities	-632,024	1,339,234	-322,711	-218,075	-214,274	-320,037	-8,161	-91,002	-187,326	-276,729	-238,408	-158,718	-199,123	-151,568	-110,419	-73,583	-74,206	-4,053	-2,123	-109,408	-19,834	-5,247	-449	-1,916	8,100	200	100	-300
Total Cash From Operating Activities	645,573	538,277	555,226	505,840	427,136	385,668	320,527	331,140	306,442	265,023	269,809	231,965	207,136	211,080	207,770	143,124	155,908	120,822	94,346	76,370	74,711	66,695	49,607	30,562	25,600	21,300	17,000	10,400
Total Cashflows From Investing Activities	-95,393	-2,033,675	-135,992	-73,632	-56,100	-48,531	-347,306	-158,408	-64,877	-70,708	-20,412	-58,849	-29,343	0	1,220	0	0	0	0	60,492	0	0	0	0	0	0	0	0

	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-02-28	2004-11-30	2004-08-31	2004-05-31	2004-02-29	2003-11-30	2003-08-31	2003-05-31	2003-02-28	2002-11-30	2002-08-31	2002-05-31	2002-02-28	2001-11-30	2001-08-31	2001-05-31	2001-02-28	2000-11-30	2000-08-31	2000-05-31	2000-02-29	1999-11-30	1999-08-31	1999-05-31	1999-02-28	1998-11-30	1998-08-31	1998-05-31	1998-02-28	1997-11-30	1997-08-31	1997-05-31	1997-02-28	1996-11-30	1996-08-31
Begin Period Cash Flow	411,855	425,444	486,627	445,326	437,142	503,273	526,966	773,012	673,900	681,865	658,340	602,684	560,137	585,605	457,707	343,488	336,217	359,799	323,960	218,335	170,378	208,623	213,061	233,628	221,933	194,731	161,758	155,351	173,288	228,407	187,436	175,170	180,148	158,914	157,895	122,070	115,235	116,378	118,858	88,790	174,021	196,627	242,839	151,314	210,712	189,044	228,530	184,998	193,754	181,685	208,668	203,105	202,351	195,741	224,713	204,595	217,861	216,320	191,111	132,308	123,856	117,986	166,829	123,380	154,922	168,834	172,045	139,142	138,877	126,549	102,184	72,948	51,071	59,457	62,656	37,394	50,362	78,580	40,152	36,811	52,977	51,126	39,808	15,267	36,816	44,819	49,566	55,704	48,014	38,583	25,736	47,433	45,524	39,629	42,596	33,516	35,400	31,800	24,900	400	38,500	37,600	300	100	26,800	26,800	26,600	0	15,700	15,700	11,900
Capital Expenditures	21,917	16,466	635	26,005	17,456	17,960	15,206	15,404	11,963	8,583	13,911	18,656	10,425	18,333	14,732	11,010	25,119	26,780	26,464	11,424	11,956	9,526	15,145	6,000	6,463	5,912	10,881	7,935	5,509	12,537	13,069	8,233	12,053	14,385	10,291	3,627	6,950	4,814	6,039	3,672	2,594	5,438	5,229	4,204	2,987	6,097	5,657	6,219	4,590	6,054	6,537	7,373	7,412	8,021	7,092	4,625	2,313	6,738	5,077	3,183	6,401	9,379	9,939	12,781	7,310	5,750	13,844	10,107	7,327	7,973	3,163	13,436	5,673	1,417	4,948	7,972	5,058	3,957	25,371	6,062	2,233	4,172	3,410	1,119	3,071	857	2,904	2,337	2,144	2,636	3,535	10,121	11,611	4,876	2,323	1,813	3,767	3,400	3,700	3,600	6,200	3,000	1,700	3,400	6,100	800	200	900	3,200	1,500	2,300
Cash And Cash Equivalents Changes	0	0	0	40,881	6,803	-67,448	-13,375	-240,510	100,136	-2,415	29,436	53,558	38,952	-25,423	117,878	114,788	7,774	-26,307	35,839	105,625	47,957	-38,245	-4,438	-20,567	11,695	27,202	32,973	6,407	-17,937	-55,119	40,971	12,266	-4,978	21,234	1,019	35,825	6,835	-1,143	-2,480	30,068	-85,231	-22,606	-46,212	91,525	-59,398	21,668	-39,486	43,532	-8,756	12,069	-26,983	5,563	754	6,610	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	2,746	28,605	-3,167	-34,376	10,504	10,427	-18,522	-6,388	1,322	10,252	-8,316	-6,016	4,768	17,240	-622	-5,438	3,239	8,307	-9,477	-846	1,396	-4,591	-7,496	-1,404	4,282	-1,533	268	1,794	727	5,803	5,363	-2,261	4,917	-1,686	-1,177	178	-3,013	-675	55	-68	1,193	-2,637	3,201	-574	751	-1,972	-138	1,183	-2,519	-2,891	-2,069	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-30,147	-13,589	-61,183	41,301	8,184	-66,131	-23,693	-246,046	99,112	-7,965	23,525	55,656	42,547	-25,468	127,898	114,219	7,271	-23,582	35,839	105,625	47,957	-38,245	-4,438	-20,567	11,695	27,202	32,973	6,407	-17,937	-55,119	40,971	12,266	-4,978	21,234	1,019	35,825	6,835	-1,143	-2,480	30,068	-85,231	-22,606	-46,212	91,525	-59,398	21,668	-39,486	43,532	-8,756	12,069	-26,983	5,563	754	6,610	-28,972	20,118	-13,266	1,541	25,209	58,803	8,452	5,870	-48,843	43,449	-31,542	-13,912	-3,211	32,903	265	12,328	24,365	29,236	21,877	-8,386	-3,199	25,262	-12,968	-28,218	38,428	3,341	-16,166	1,851	11,318	24,541	-21,549	-8,003	-4,747	-6,138	7,690	9,431	12,847	-21,697	1,909	5,895	-2,967	9,080	-1,884	3,600	6,900	-100	400	900	100	300	100	3,300	200	5,200	-1,400	-100	3,800
Change In Working Capital	-52,004	-45,806	28,652	36,747	-14,409	-76,231	17,140	17,508	-37,106	-77,186	47,640	127	9,754	-49,671	53,989	10,327	-20,658	-15,746	9,071	44,414	-9,776	-60,144	17,426	30,703	15,317	-31,895	17,285	1,572	-3,630	-31,267	24,351	12,967	10,366	2,918	14,086	38,463	-18,835	3,908	5,975	30,954	-22,658	-5,072	17,479	29,425	-18,401	-10,985	-3,783	23,480	-15,432	-1,951	12,542	10,398	-5,482	-23,829	19,810	24,095	3,410	-7,454	18,155	19,804	-9,155	-5,151	-1,726	17,657	-3,810	-23,844	18,258	15,387	-8,826	-8,910	1,437	11,924	5,731	-12,996	6,758	17,158	-15,765	-13,904	2,249	8,360	-6,041	-3,421	593	12,020	-8,603	-4,218	1,287	11,970	-10,513	3,078	1,038	-11,606	5,672	305	1,792	-1,713	-9,363	3,500	4,700	-7,200	-1,300	2,900	3,300	-1,200	500	3,500	1,200	2,800	-1,200	1,300	4,300
Change Receivables	0	0	0	16,415	-30,647	-23,647	6,025	-1,301	-32,436	-5,268	10,441	8,626	-15,079	-342	-3,517	16,744	-22,710	875	7,093	22,788	-16,093	-3,583	-11,484	19,374	-19,818	3,511	-193	1,688	-21,013	-9,985	7,775	-5,633	-7,282	1,599	-3,141	8,121	-10,907	1,627	-4,298	11,465	-17,854	-2,612	-4,147	16,575	-6,914	-4,655	-6,248	4,786	-6,626	10,171	-7,467	2,964	-6,632	-4,176	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-29,710	-9,758	-2,224	16,415	-30,647	-23,647	6,025	-1,301	-32,436	-5,268	10,441	8,626	-15,079	-342	-3,517	16,744	-22,710	875	7,093	22,788	-16,093	-3,583	-11,484	19,374	-19,818	3,511	-192	1,688	-21,013	-9,985	7,775	-5,633	-7,282	1,599	-3,141	8,121	-10,907	1,627	-4,298	11,465	-17,854	-2,612	-4,147	16,575	-6,914	-4,655	-6,248	4,786	-6,626	10,171	-7,467	2,964	-6,632	-4,176	-476	9,698	-7,883	2,544	7,725	11,044	0	3,546	0	0	0	0	0	4,265	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	273	2,030	0	4,725	0	0	0	1,781	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-5,341	-64,790	25,785	10,524	0	0	0	0	0	-20,045	5,938	-18,529	-7,156	3,295	2,864	0	-16,616	16,616	-17,006	25,480	-34,244	6,532	2,010	9,174	4,566	685	506	-58	-4,402	10,981	8,714	4,609	-7,605	24,559	9,623	14,816	-21,181	22,656	2,928	9,423	-12,721	22,144	14,718	3,408	-18,845	16,322	0	0	0	-14,284	0	0	0	-23,118	0	0	0	-15,023	0	0	0	-27,268	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	28,742	1,997	27,235	-1,131	-41,057	-12,668	2,999	5,930	10,454	-40	-4,535	25,401	-30,316	35,491	-5,498	-9,345	-15,999	7,416	18,387	-1,990	-47,084	29,757	9,933	39,726	-27,910	18,881	-4,398	18,916	-21,550	14,782	17,873	11,845	-4,044	19,488	25,425	-6,242	3,458	10,095	22,502	-4,129	-2,515	21,694	11,657	-8,850	-9,531	3,039	17,943	-6,834	-11,984	20,180	9,953	2,687	-17,584	6,132	0	0	0	7,293	0	0	0	7,139	0	0	0	13,736	0	0	0	0	0	0	0	0	0	0	0	9,000	1,040	0	0	3,714	2,139	0	0	7,634	4,901	1,688	0	0	0	4,841	0	4,794	0	736	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	17,709	-24,323	11,057	10,047	11,712	12,116	74,046	21,017	11,908	16,104	16,312	7,771	11,754	28,109	20,686	11,892	3,190	4,694	8,200	9,497	7,927	5,639	5,728	10,006	8,373	8,853	12,147	3,232	5,781	-108,452	7,168	5,188	-233	210	-5,777	-1,197	3,184	1,336	4,099	2,141	2,270	-1,098	4,866	11,172	2,935	3,580	-3,377	4,102	2,758	6,467	1,614	2,513	-4,980	0	0	0	0	0	0	0	0	0	0	0	8,381	0	0	0	9,308	3,497	3,560	3,156	6,134	0	0	0	1,449	5,167	3,942	1,489	5,060	934	2,530	0	4,478	0	0	0	1,904	2,593	1,164	3,152	4,013	178	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-70,131	50,459	50,459	50,459	-78,033	5,578	-67	5,435	-72,848	12,982	-794	13,719	-55,147	-2,786	9,364	16,401	-39,919	20,859	10,736	9,113	-46,278	25,518	4,362	12,198	-47,880	8,040	5,768	2,737	-2,850	17,648	3,510	0	0	3,309	0	0	0	-1,502	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	39,227	34,686	29,802	36,122	36,110	35,694	36,603	38,113	24,450	30,549	26,896	27,947	26,492	25,987	16,281	13,037	13,906	14,390	16,520	14,891	14,811	14,241	14,437	14,476	14,086	14,286	14,524	13,121	10,633	10,016	9,830	9,962	9,823	8,437	7,120	8,007	8,006	8,216	8,583	8,410	8,679	8,763	8,838	8,931	9,093	8,917	8,733	8,354	8,289	8,403	8,897	9,192	9,366	9,392	9,919	9,213	9,062	9,149	8,770	8,566	8,546	8,455	8,156	7,566	7,820	7,112	7,337	7,650	6,999	6,574	6,507	6,317	5,757	5,675	4,810	4,427	4,488	4,593	3,928	3,181	3,143	4,406	4,531	4,346	4,385	4,279	4,428	4,377	4,488	4,983	4,580	4,309	3,824	3,811	3,160	2,636	3,169	2,900	3,000	2,600	2,300	1,900	2,000	2,000	1,500	1,100	1,200	1,300	1,300	900	800
Dividends Paid	-37,088	37,053	37,224	33,899	33,813	33,665	33,600	30,886	30,792	30,656	30,783	28,958	29,083	29,103	29,001	27,075	27,104	27,259	24,283	27,327	24,190	24,252	24,371	21,631	21,724	21,682	21,774	19,556	19,701	19,867	20,176	17,910	18,079	18,053	18,147	16,118	16,102	16,184	16,271	14,725	14,947	15,064	15,309	13,413	13,649	13,631	13,800	12,001	12,098	12,084	12,294	10,545	10,593	10,517	10,586	9,266	9,360	9,282	9,366	8,391	8,427	8,586	8,597	5,708	5,755	5,788	5,862	3,011	2,850	2,931	2,893	2,395	2,377	2,378	2,328	2,295	2,132	2,082	2,060	1,820	1,932	1,924	1,901	1,576	1,598	1,598	1,597	1,269	1,266	1,245	1,239	925	922	920	911	892	761	700	600	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	381,708	411,855	425,444	486,627	445,326	437,142	503,273	526,966	773,012	673,900	681,865	658,340	602,684	560,137	585,605	457,707	343,488	336,217	359,799	323,960	218,335	170,378	208,623	213,061	233,628	221,933	194,731	161,758	155,351	173,288	228,407	187,436	175,170	180,148	158,914	157,895	122,070	115,235	116,378	118,858	88,790	174,021	196,627	242,839	151,314	210,712	189,044	228,530	184,998	193,754	181,685	208,668	203,105	202,351	195,741	224,713	204,595	217,861	216,320	191,111	132,308	123,856	117,986	166,829	123,380	154,922	168,834	172,045	139,142	138,877	126,549	102,184	72,948	51,071	59,457	62,656	37,394	50,362	78,580	40,152	36,811	52,977	51,126	39,808	15,267	36,816	44,819	49,566	55,704	48,014	38,583	25,736	47,433	45,524	39,629	42,596	33,516	35,400	31,800	-100	400	38,500	100	300	100	30,100	26,800	5,200	-1,400	15,600	15,700
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,180	-3,751	1,596	-2,251	-1,466	-7,026	2,966	2,318	5,225	3,272	43	-7,276	-8,629	4,543	-4,774	-3,377	559	-1,512	-5,039	-5,711	-2,144	725	-196	3,780	-1,363	-2,776	-1,429	2,162	3,771	-6,469	1,072	-5,413	-1,060	2,643	4,270	1,421	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	121,881	138,678	156,305	192,584	147,222	88,676	136,147	176,568	110,071	64,335	171,066	121,657	130,235	70,943	144,695	139,943	74,550	69,011	95,348	148,346	87,278	36,794	91,181	119,653	86,083	55,231	89,334	84,319	71,436	38,576	56,967	88,645	81,086	56,702	73,309	98,475	42,622	66,354	65,262	91,323	37,994	52,701	70,953	92,385	43,415	44,539	51,412	70,218	39,115	48,700	63,603	57,142	42,885	14,163	63,159	66,071	42,585	18,497	60,264	63,827	29,258	30,381	29,769	45,828	23,873	7,874	43,002	40,848	17,833	14,974	29,587	31,191	25,716	10,639	26,563	36,580	953	8,315	-2,543	20,796	7,911	12,368	18,553	31,062	5,086	11,553	13,963	24,162	3,644	14,905	11,137	-8,149	8,673	7,803	8,146	5,015	-2,602	8,700	0	3,500	-200	5,800	6,600	400	-1,000	3,300	4,700	5,200	-1,400	2,700	3,800
Investments	0	-25,219	-23,083	-26,005	-997	-27,852	-200	-428	-11,963	-250	-17,537	-18,656	-1,001	1,927	2,547	-500	2,326	-363	-93	1,249	-103	2,217	-275	-121	-82	467	-775	-935	-8,449	2,801	-385	-404	-399	292	465	0	0	-4,902	-5,145	-331	-315	-301	-284	-308	-303	-295	0	0	0	-15,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Net Borrowings	0	-62,500	-62,500	-62,500	-125,000	-125,000	-125,000	1,538,355	1,538,355	1,538,355	1,538,355	0	0	0	0	0	0	0	-575,000	575,000	0	0	0	0	0	0	-1	209,563	210,000	65,000	265,000	65,000	0	264,988	35,000	0	34,968	0	35,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	140,940	148,555	65,080	134,663	131,593	136,798	104,422	74,910	109,938	107,647	101,062	100,679	96,643	101,206	89,079	101,216	88,686	93,957	91,527	92,265	84,702	84,296	68,823	74,746	53,137	70,379	59,552	65,414	66,710	66,583	144,307	66,781	67,762	59,965	62,184	61,409	61,598	55,860	55,407	51,532	52,426	52,178	50,963	53,367	44,538	49,769	48,539	47,980	46,746	45,544	40,880	43,311	45,254	41,601	39,291	38,658	36,119	36,143	36,275	38,536	34,554	35,585	33,584	32,542	29,492	29,399	30,716	28,575	26,481	23,795	23,443	21,036	19,242	19,195	18,647	19,551	17,170	16,397	14,685	14,687	14,737	13,908	13,487	14,268	12,147	11,536	11,168	10,352	10,717	8,611	8,705	8,572	8,372	7,752	7,289	5,150	7,340	5,500	4,900	4,900	4,500	4,300	3,600	3,300	2,900	2,800	2,500	2,300	2,100	2,000	1,800
Other Cashflows From Financing Activities	-960	-13,505	-1,436	-492	19,391	12,433	9,278	1,545,859	20,857	32,813	15,322	18,429	10,297	15,870	28,258	14,830	32,174	16,727	28,125	34,663	29,397	13,965	13,579	10,521	26,652	22,574	532	217,800	20,301	87,196	22,884	14,520	8,544	294,096	24,696	29,642	71,265	9,839	30,493	11,749	10,237	11,628	43,893	64,693	24,042	17,134	6,989	19,101	8,218	10,598	6,401	14,129	13,230	27,650	10,497	12,087	13,547	43,611	6,555	11,735	6,025	376	1,532	1,059	2,661	4,320	2,028	2,763	1,155	1,447	1,613	2,176	1,482	343	-33,691	-9,870	-19,427	10,434	15,054	14,198	46,460	2,457	-8,654	-8,245	-14,960	553	-19,020	-32,518	1,705	510	-1,783	-23,881	-18,374	-6,166	-967	105	162	700	7,500	-800	-400	-3,000	-1,600	-3,500	100	-800	200	-900	-3,200	-1,500	-300
Other Cashflows From Investing Activities	0	0	-34,607	-10,889	-10,889	-9,892	-1,982,519	-1,931,623	-50,268	-50,268	-74,667	-40,990	-40,990	-41,916	4,010	1,463	1,963	-363	3,270	3,363	2,114	2,217	-15,000	0	0	0	-1,243	-230,154	0	-71,689	154,315	0	0	-264,087	-1,202	-3,423	-30,133	0	0	297	-31,882	-15,288	0	0	-705	0	-21,329	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	175	0	0	0	0	0	0	0	0	0	0	0	0	6,092	6,092	6,092	0	0	0	0	0	0	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	145,777	-3,304	44,397	438	1,784	-1,055	-18,984	48,998	13,987	-8,870	68,887	11,477	-11,477	421,318	-11,525	5,708	5,988	0	1	-1	15	181	123	-7	8	17	-506	-912	-2,119	-5,511	-117,325	-2,521	-1,721	-9,083	-5,039	-12,196	-9,313	-2,434	-5,140	-1,829	-2,881	-2,167	-10,386	-4,993	-5,838	-4,034	-717	-5,468	-1,795	-3,179	-1,277	12,920	-5,417	-7,506	-2,385	-3,224	-3,725	-15,239	-1,013	-1,864	2,394	-506	1,489	1,959	-2,083	88	2,296	2,223	2,155	2,449	-6,356	1,943	1,875	-1,342	1,099	696	1,079	13,520	525	313	46	8,982	1,271	738	22	7,538	21	765	1,360	5,764	200	592	213	219	362	313	251	100	-6,400	7,000	300	-100	500	0	200	-3,300	-200	200	-400	0	-800
Sale Purchase Of Stock	-52,255	-59,910	-109,628	-67,092	20,182	-23,423	-11,874	17,245	-18,639	-18,639	-92,492	-57,570	-71,496	-43,144	-28,620	-12,410	-74,172	-84,423	-62,078	-47,555	-46,021	-64,718	-68,086	-121,963	-82,200	-31,706	-46,212	-48,339	-81,567	-84,860	-164,005	-77,128	-71,356	-44,339	-78,661	-71,239	-55,778	-50,539	-74,675	-58,970	-86,122	-60,062	-144,102	-49,056	-110,769	-28,241	-66,529	-27,317	-45,063	-14,732	-83,633	-57,806	-49,038	-26,107	-39,327	-46,382	-54,989	-52,118	-33,600	-10,704	-17,248	-42,275	-12,132	-350	-35,718	-29,669	-46,562	-12,305	-16,309	-5,123	-8,888	-6,678	-431	-256	-2,513	-10,716	-249	-31	2	-38,310	-72,203	-2	-5,682	-1	-13,771	-2,657	-1,782	-285	-1	-1,996	-48	-248	-96	-67	-381	-179	24	-500	-500	0	0	0	0	0	0	0	0	0	0	-100	0
Stock Based Compensation	-129,071	14,310	17,673	16,865	15,325	12,175	15,399	14,667	15,536	10,401	11,710	11,029	11,010	11,317	8,207	10,344	8,214	9,814	8,265	7,995	7,705	8,435	8,275	7,821	7,939	7,481	13,310	7,262	7,226	6,385	7,360	7,406	8,565	6,462	9,259	6,075	5,760	5,277	5,466	6,809	5,500	5,116	8,138	5,440	21,170	5,203	4,908	5,149	6,045	5,880	10,421	4,975	6,700	3,677	3,826	4,142	3,140	2,957	2,966	2,997	1	4,173	-10	0	-153	2,714	0	-1	-61	2,449	8,391	0	0	2,538	0	-1,992	-1,976	-9,407	179	635	650	-8,089	624	582	582	-6,875	540	540	0	-5,171	525	425	425	425	0	0	-26	300	0	-100	0	300	0	0	0	0	600	0	0	0	0
Total Cash From Financing Activities	-114,663	-144,564	-194,667	-151,703	-139,422	-146,232	-149,322	1,514,973	-9,935	-16,482	-107,953	-68,099	-90,282	-56,377	-29,363	-24,655	-69,102	-94,955	-58,236	-40,219	-40,814	-75,005	-78,878	-133,073	-77,272	-30,814	-59,568	149,905	-80,967	-17,531	-161,297	-80,518	-80,891	231,704	-72,112	-57,715	-615	-56,884	-60,453	-61,946	-90,832	-63,498	-115,518	2,224	-100,376	-24,738	-73,340	-20,217	-48,943	-16,218	-89,526	-54,222	-46,401	-8,974	-39,416	-43,561	-50,802	-17,789	-36,411	-7,360	-19,650	-46,998	-15,066	-1,246	-33,894	-23,377	-46,220	-7,761	-17,596	-2,629	-5,240	-1,351	3,007	-469	-848	-10,100	504	8,321	546	-37,715	-72,770	531	-1,991	605	-14,746	-3,702	-2,594	-119	197	-2,731	-42	212	-1	-618	-1,583	-290	157	-200	6,900	-100	400	900	100	0	100	200	200	0	0	-100	-300
Total Cash From Operating Activities	143,798	155,144	155,670	218,589	164,678	106,636	151,353	191,972	122,034	72,918	184,977	140,313	140,660	89,276	159,427	150,953	99,669	95,791	121,812	159,770	99,234	46,320	106,326	125,653	92,546	61,143	100,215	92,254	76,945	51,113	70,036	96,878	93,139	71,087	83,600	102,102	49,572	71,168	71,301	94,995	40,588	58,139	76,182	96,589	46,402	50,636	57,069	76,437	43,705	54,754	70,140	64,515	50,297	22,184	70,251	70,696	44,898	25,235	65,341	67,010	35,659	39,760	39,708	58,609	31,183	13,624	56,846	50,955	25,160	22,947	32,750	44,627	31,389	12,056	31,511	44,552	6,011	12,272	22,828	26,858	10,144	16,540	21,963	32,181	8,157	12,410	16,867	26,499	5,788	17,541	14,672	1,972	20,284	12,679	10,469	6,828	1,165	12,100	3,700	7,100	6,000	8,800	8,300	3,800	5,100	4,100	4,900	6,100	1,800	4,200	6,100
Total Cashflows From Investing Activities	0	-25,219	-95,393	-72,310	-18,453	-27,852	-15,406	-1,947,455	-11,963	-58,851	-47,588	-18,656	-11,426	-58,322	-12,186	-11,510	-22,793	-27,143	-26,557	-10,175	-12,059	-7,309	-30,420	-6,121	-6,545	-5,445	-12,899	-239,024	-13,958	-81,425	140,861	-8,637	-12,452	-278,180	-11,028	-7,050	-37,083	-9,716	-11,184	-3,706	-34,791	-21,027	-5,513	-4,512	-3,995	-6,392	-26,986	-6,219	-4,590	-21,054	-6,537	-7,373	-7,412	-8,021	0	0	0	0	1,220	6,297	9,480	15,881	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	60,492	45,438	31,240	0	0	0	0	0	0	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.

	2023-08-31	2022-08-31	2021-08-31	2020-08-31	2019-08-31	2018-08-31	2017-08-31	2016-08-31	2015-08-31	2014-08-31	2013-08-31	2012-08-31	2011-08-31	2010-08-31	2009-08-31	2008-08-31	2007-08-31	2006-08-31	2005-08-31	2004-08-31	2003-08-31	2002-08-31	2001-08-31	2000-08-31	1999-08-31	1998-08-31	1997-08-31	1996-08-31
Cost Of Revenue	973,225	871,106	786,400	695,446	663,446	659,296	566,580	487,409	405,339	353,686	306,379	275,537	244,623	206,550	209,364	191,239	152,797	121,352	91,801	74,191	66,286	67,947	61,576	33,626	27,500	24,000	18,700	9,600
Depreciation And Amortization	137,728	191,621	107,292	54,917	60,463	57,285	48,294	38,052	31,349	34,435	35,779	33,779	36,847	37,343	34,337	30,654	28,560	24,256	18,318	14,658	17,541	18,276	16,524	11,865	9,800	6,600	4,700	3,000
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
Ebit	677,219	475,482	474,041	439,660	438,035	366,204	353,358	237,223	331,918	302,219	269,419	271,275	237,712	221,087	209,938	178,727	147,306	116,544	107,879	85,831	74,438	142,520	47,560	38,762	26,600	19,200	14,000	9,900
Ebitda	814,947	667,103	581,333	494,577	498,498	423,489	401,652	275,275	363,267	336,654	305,198	305,054	274,559	258,430	244,275	209,381	175,866	140,800	126,197	100,489	91,979	160,796	64,084	50,627	36,400	25,800	18,700	12,900
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
Extraordinary Items	0	0	0	0	3,400	-25,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,112,283	972,786	805,045	798,665	771,905	690,849	654,599	639,683	601,429	566,649	551,733	530,256	481,887	434,509	412,659	384,280	323,004	265,998	220,843	177,719	156,009	137,906	115,112	100,552	76,300	54,900	39,700	34,700
Income Before Tax	584,954	443,594	467,617	427,134	421,965	351,838	344,312	460,993	333,754	303,464	270,910	274,705	238,958	222,181	212,122	189,047	162,876	126,032	110,163	89,375	79,016	64,237	54,246	39,576	30,700	22,400	15,700	11,400
Income Tax Expense	116,820	46,677	68,027	54,196	69,175	84,753	86,053	122,178	92,703	91,921	72,273	85,896	67,912	71,970	67,172	64,030	53,309	43,116	38,398	31,358	27,578	23,389	20,845	14,297	12,100	9,800	6,800	4,900
Interest Expense	66,319	29,522	6,394	9,829	16,070	14,366	6,600	1,136	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	53,510	29,522	6,394	9,829	16,070	14,366	6,600	1,136	1,836	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	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	468,173	396,917	399,590	372,938	352,790	267,085	258,259	338,815	241,051	211,543	198,637	188,809	171,046	150,211	144,950	125,017	109,567	82,916	71,765	58,017	51,438	40,848	33,401	25,279	18,600	12,800	8,900	6,500
Net Income Applicable To Common Shares	468,134	396,917	399,590	372,938	352,790	267,085	258,259	338,815	241,051	211,543	198,637	188,809	171,046	150,211	144,950	125,017	109,567	82,916	71,765	58,017	51,438	40,848	33,401	25,279	0	0	0	0
Net Income From Continuing Ops	468,134	396,917	399,590	372,938	352,790	267,085	258,259	338,815	241,051	211,543	198,637	188,809	171,046	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-53,510	-29,522	-6,394	-9,829	-16,070	-14,366	-6,600	-1,136	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	-2,366	-6,424	-12,526	-16,070	-14,366	-7,823	111,317	1,836	1,245	1,491	1,715	623	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	64,272	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	630,207	475,482	474,041	439,660	438,035	366,204	352,135	349,676	331,918	302,219	269,419	272,990	238,335	221,634	211,030	183,887	155,091	121,288	109,021	87,603	76,727	143,935	50,903	39,169	28,600	20,800	14,900	10,700
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
Other Operating Expenses	1,429,355	1,304,138	1,117,404	1,054,451	997,316	983,941	869,044	777,416	674,850	618,116	588,693	532,803	488,175	419,425	410,993	391,632	320,710	266,062	203,623	164,307	145,568	61,918	125,785	95,009	75,200	58,100	43,500	33,600
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	137,728	129,715	107,322	100,799	60,463	57,285	48,294	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	267,400	255,100	250,100	224,000	214,700	217,100	215,000	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
Selling General Administrative	456,130	433,032	331,004	359,005	333,870	324,645	302,464	290,007	269,511	264,430	282,314	257,266	243,552	212,875	201,629	200,393	167,913	144,710	111,822	90,116	79,282	75,084	64,209	49,518	37,900	27,500	20,100	21,000
Tax Provision	116,820	46,677	68,027	54,196	69,175	84,753	86,053	122,178	92,703	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	456,130	433,032	331,004	359,005	333,870	324,645	302,464	290,007	269,511	264,430	282,314	257,266	243,552	212,875	201,629	200,393	167,913	144,710	111,822	90,116	79,282	-6,029	64,209	61,383	47,700	34,100	24,800	24,000
Total Other Income Expense Net	-17,689	-31,888	-6,424	-12,526	-16,070	-14,366	-1,223	112,453	1,836	1,245	1,491	1,715	623	547	1,092	5,160	7,785	4,744	1,142	1,772	2,289	1,415	3,343	407	2,000	1,600	900	800
Total Revenue	2,085,508	1,843,892	1,591,445	1,494,111	1,435,351	1,350,145	1,221,179	1,127,092	1,006,768	920,335	858,112	805,793	726,510	641,059	622,023	575,519	475,801	387,350	312,644	251,910	222,295	205,853	176,688	134,178	103,800	78,900	58,400	44,300

	2024-02-29	2023-11-30	2023-08-31	2023-05-31	2023-02-28	2022-11-30	2022-08-31	2022-05-31	2022-02-28	2021-11-30	2021-08-31	2021-05-31	2021-02-28	2020-11-30	2020-08-31	2020-05-31	2020-02-29	2019-11-30	2019-08-31	2019-05-31	2019-02-28	2018-11-30	2018-08-31	2018-05-31	2018-02-28	2017-11-30	2017-08-31	2017-05-31	2017-02-28	2016-11-30	2016-08-31	2016-05-31	2016-02-29	2015-11-30	2015-08-31	2015-05-31	2015-02-28	2014-11-30	2014-08-31	2014-05-31	2014-02-28	2013-11-30	2013-08-31	2013-05-31	2013-02-28	2012-11-30	2012-08-31	2012-05-31	2012-02-29	2011-11-30	2011-08-31	2011-05-31	2011-02-28	2010-11-30	2010-08-31	2010-05-31	2010-02-28	2009-11-30	2009-08-31	2009-05-31	2009-02-28	2008-11-30	2008-08-31	2008-05-31	2008-02-29	2007-11-30	2007-08-31	2007-05-31	2007-02-28	2006-11-30	2006-08-31	2006-05-31	2006-02-28	2005-11-30	2005-08-31	2005-05-31	2005-02-28	2004-11-30	2004-08-31	2004-05-31	2004-02-29	2003-11-30	2003-08-31	2003-05-31	2003-02-28	2002-11-30	2002-08-31	2002-05-31	2002-02-28	2001-11-30	2001-08-31	2001-05-31	2001-02-28	2000-11-30	2000-08-31	2000-05-31	2000-02-29	1999-11-30	1999-08-31	1999-05-31	1999-02-28	1998-11-30	1998-08-31	1998-05-31	1998-02-28	1997-11-30	1997-08-31	1997-05-31	1997-02-28	1996-11-30	1996-08-31	1996-05-31
Cost Of Revenue	255,142	251,621	263,688	241,689	240,806	227,042	241,944	222,618	199,395	207,149	197,532	205,257	195,523	188,088	183,568	170,703	176,218	164,957	167,730	163,832	165,108	166,776	169,467	165,073	163,232	161,524	161,269	146,426	131,635	127,250	124,160	124,602	123,911	114,736	107,595	100,686	99,516	97,543	92,521	90,661	87,254	83,250	80,231	76,721	75,842	73,586	72,295	68,878	67,531	66,833	65,477	62,224	60,137	56,785	53,918	51,355	50,870	50,407	52,647	50,847	52,537	53,332	50,684	48,134	47,478	44,943	41,697	39,429	36,730	34,941	32,623	31,543	29,122	28,064	24,731	23,770	21,293	22,007	19,727	18,394	18,198	17,875	11,633	18,947	17,960	17,746	17,709	17,339	16,598	16,301	28,959	11,554	10,745	10,318	8,794	8,779	8,393	7,700	7,300	6,900	6,800	6,600	6,300	5,700	6,100	5,800	7,800	3,900	4,400	3,500	4,000	2,000
Depreciation And Amortization	39,227	34,686	29,802	42,953	37,903	36,298	36,403	38,113	24,731	30,549	26,896	27,947	26,492	25,987	16,281	13,037	13,906	14,390	16,520	14,891	14,811	14,241	14,437	14,476	14,086	14,286	14,524	13,121	10,633	10,016	9,830	9,962	9,823	8,437	7,120	8,007	8,006	8,216	8,583	8,410	8,679	8,763	8,838	8,931	9,093	8,917	8,733	8,354	8,289	8,403	8,897	9,192	9,366	9,392	9,919	9,213	9,062	9,149	8,770	8,566	8,546	8,455	8,156	7,566	7,820	7,112	7,337	7,650	6,999	6,574	6,507	6,317	5,757	5,675	4,810	4,427	4,488	4,593	3,928	3,181	3,143	4,406	4,531	4,346	4,385	4,279	4,428	4,377	4,488	4,983	4,580	4,309	3,824	3,811	3,160	2,636	3,169	2,900	3,000	2,600	2,300	1,900	2,000	2,000	1,500	1,100	1,200	1,300	1,300	900	800	700
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Ebit	192,753	192,778	149,779	171,959	169,250	171,895	132,219	146,329	123,348	121,424	120,155	116,115	116,480	121,261	97,970	121,640	106,257	113,186	111,568	117,240	108,688	100,539	88,356	93,265	95,485	89,098	82,428	87,642	92,954	90,319	-24,719	89,290	85,344	87,308	85,653	85,356	80,648	80,260	79,386	73,037	75,054	74,740	70,534	71,637	56,164	71,085	70,168	68,011	66,621	66,476	58,796	61,651	57,961	59,304	57,358	55,598	54,322	53,809	54,263	53,125	51,839	50,712	49,396	47,067	41,809	40,455	40,310	37,074	35,988	33,934	31,868	29,893	29,082	25,701	28,335	27,051	26,816	25,677	23,102	21,608	20,815	20,304	19,834	18,994	18,341	17,269	98,742	15,599	14,466	13,713	12,956	12,157	11,595	10,852	10,248	11,972	8,547	8,000	7,100	6,900	6,400	6,100	1,300	6,400	6,100	4,200	3,900	3,700	4,300	3,300	200	3,500
Ebitda	231,980	227,464	179,581	214,912	207,153	208,193	168,622	184,442	148,079	151,973	147,051	144,062	142,972	147,248	114,251	134,677	120,163	127,576	128,088	132,131	123,499	114,780	102,793	107,741	109,571	103,384	96,952	100,763	103,587	100,335	-14,889	99,252	95,167	95,745	92,773	93,363	88,654	88,476	87,969	81,447	83,733	83,503	79,372	80,568	65,257	80,002	78,901	76,365	74,910	74,879	67,693	70,843	67,327	68,696	67,277	64,811	63,384	62,958	63,033	61,691	60,385	59,167	57,552	54,633	49,629	47,567	47,647	44,724	42,987	40,508	38,375	36,210	34,839	31,376	33,145	31,478	31,304	30,270	27,030	24,789	23,958	24,710	24,365	23,340	22,726	21,548	103,170	19,976	18,954	18,696	17,536	16,466	15,419	14,663	13,408	14,608	11,716	10,900	10,100	9,500	8,700	8,000	3,300	8,400	7,600	5,300	5,100	5,000	5,600	4,200	1,000	4,200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,100	2,300	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	-
Gross Profit	290,803	290,595	272,109	288,122	274,279	277,773	257,353	266,133	231,724	217,576	214,362	194,301	196,265	200,118	200,022	203,380	193,562	201,701	196,553	200,701	189,787	184,864	176,394	174,838	171,999	167,617	165,373	165,694	162,719	160,813	163,131	162,899	157,885	155,768	154,184	153,836	148,276	145,133	146,143	141,100	139,680	139,725	139,101	137,892	137,241	137,499	135,368	133,433	131,840	129,615	126,462	121,423	117,498	116,504	114,316	108,946	106,411	104,836	102,815	103,540	104,005	102,300	103,023	99,265	92,760	89,232	87,835	81,646	79,583	73,940	72,593	67,272	64,543	61,590	58,036	55,572	55,179	52,056	47,955	45,206	43,173	41,382	40,088	40,159	38,695	37,067	36,352	35,077	33,769	32,708	18,520	33,820	32,179	30,593	28,320	25,516	24,092	22,600	21,000	19,600	18,400	17,200	15,900	14,500	13,000	11,700	8,700	11,200	9,600	9,400	8,200	9,400
Income Before Tax	168,645	175,196	108,309	161,998	156,762	157,885	116,428	85,280	121,956	119,930	118,443	114,276	114,666	120,232	96,144	119,140	103,109	108,741	108,289	113,384	104,349	95,943	83,935	89,511	92,213	86,179	79,773	85,229	89,490	89,820	199,816	88,857	84,920	87,401	86,044	85,838	81,182	80,690	79,613	73,371	75,398	75,081	70,880	71,998	56,521	71,513	71,086	68,977	67,613	67,030	59,184	61,995	58,225	59,554	57,502	55,770	54,624	54,285	54,455	53,487	52,233	51,948	51,066	48,771	44,671	44,539	45,026	41,360	39,582	36,908	34,708	32,013	30,206	29,105	29,219	27,683	27,248	26,013	23,358	22,054	22,189	21,774	21,110	20,012	19,433	18,461	17,955	16,643	15,614	14,025	14,236	13,814	13,479	12,714	11,872	8,388	9,947	9,300	8,400	7,700	7,400	7,100	6,400	5,800	5,200	5,000	4,400	4,200	3,700	3,500	3,200	3,000
Income Tax Expense	27,705	26,641	43,229	27,335	25,169	21,087	12,006	10,370	12,018	12,283	17,381	13,597	18,023	19,026	7,065	17,924	14,423	14,784	16,762	21,119	19,647	11,647	15,112	14,765	39,076	15,800	20,221	19,815	22,780	23,237	55,510	22,076	17,157	27,436	23,860	24,429	19,584	24,830	24,206	21,839	22,972	22,903	19,916	18,631	11,982	21,744	22,547	20,997	20,867	21,486	18,304	18,684	12,971	17,953	18,211	17,112	18,505	18,142	18,180	14,951	17,678	16,363	17,482	16,229	15,179	15,140	14,310	12,785	13,101	13,113	11,265	10,977	10,964	9,910	10,572	8,132	10,078	9,616	8,673	7,367	7,452	7,866	7,623	5,744	7,286	6,925	6,787	6,291	4,897	5,414	5,531	5,245	5,107	4,962	4,583	3,238	2,633	3,800	3,500	2,900	2,900	2,800	2,800	2,500	2,300	2,200	1,900	1,800	1,600	1,500	1,400	1,300
Interest Expense	16,599	16,738	16,691	16,354	13,834	14,332	14,304	12,051	1,673	1,494	1,712	1,839	1,814	1,029	1,826	2,211	2,661	3,131	16,070	3,856	4,339	4,596	14,366	3,754	3,272	3,400	6,600	2,413	1,048	1,100	1,136	900	900	400	164	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	3,012	12,073	3,083	13,834	14,332	14,304	12,051	1,673	1,494	1,712	1,839	1,814	1,029	1,826	2,211	2,661	3,131	3,279	3,856	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	140,940	148,555	65,119	134,663	131,593	136,798	104,422	74,910	109,938	107,647	101,062	100,679	96,643	101,206	89,079	101,216	88,686	93,957	91,527	92,265	84,702	84,296	68,823	74,746	53,137	70,379	59,552	65,414	66,710	66,583	144,306	66,781	67,763	59,965	62,184	61,409	61,598	55,860	55,407	51,532	52,426	52,178	50,964	53,367	44,539	49,769	48,539	47,980	46,746	45,544	40,880	43,311	45,254	41,601	39,291	38,658	36,119	36,143	36,275	38,536	34,555	35,585	33,584	32,542	29,492	29,399	30,716	28,575	26,481	23,795	23,443	21,036	19,242	19,195	18,647	19,551	17,170	16,397	14,685	14,687	14,737	13,908	13,487	14,268	12,147	11,536	11,168	10,352	10,717	8,611	8,705	8,572	8,372	7,752	7,289	5,150	7,314	5,500	4,900	4,800	4,500	4,300	3,600	3,300	3,100	2,800	2,500	2,400	2,100	2,000	1,800	1,700
Net Income Applicable To Common Shares	0	148,555	65,080	134,663	131,593	136,798	104,422	74,910	109,938	107,647	101,062	100,679	96,643	101,206	89,079	101,216	88,686	93,957	91,527	92,265	84,702	84,296	68,823	74,746	53,137	70,379	59,552	65,414	66,710	66,583	144,306	66,781	67,763	59,965	62,184	61,409	61,598	55,860	55,407	51,532	52,426	52,178	50,962	53,367	44,539	49,769	48,539	47,980	46,746	45,544	40,880	43,311	45,254	41,601	39,291	38,658	36,119	36,143	36,275	38,536	34,554	35,585	33,584	32,542	29,492	29,399	30,716	28,575	26,481	23,795	23,443	21,036	19,242	19,195	18,647	19,551	17,170	16,397	14,685	14,687	14,737	13,908	13,487	14,268	12,147	11,536	11,168	10,352	10,717	8,611	8,705	8,572	8,372	7,752	7,289	5,150	7,314	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income From Continuing Ops	0	148,555	65,080	134,663	131,593	136,798	104,422	74,910	109,938	107,647	101,062	100,679	96,643	101,206	89,079	101,216	88,686	93,957	91,527	92,265	84,702	84,296	68,823	74,746	53,137	70,379	59,552	65,414	66,710	66,583	144,307	66,781	67,762	59,965	62,184	61,409	61,598	55,860	55,407	51,532	52,426	52,178	50,962	53,367	44,539	49,769	48,539	47,980	46,746	45,544	40,880	43,311	45,254	41,601	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	-13,726	-12,073	-13,271	-13,834	-14,332	-14,304	-12,051	-1,673	-1,494	-1,712	-1,839	-1,814	-1,029	-1,826	-2,211	-2,661	-3,131	-3,279	-3,856	-4,339	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	0	0	6,393	1,346	322	-1,487	77	281	-1,237	-5,414	-1,587	347	230	-12,237	-289	0	0	-16,070	0	0	0	-4,421	-3,754	-3,272	-2,919	-2,655	-2,413	-2,256	-499	112,081	-433	-424	93	390	482	534	430	226	334	344	341	345	361	357	428	459	483	496	277	194	172	132	125	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	438	447	282	64,272	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	192,753	189,040	117,103	171,959	169,250	171,895	132,219	146,329	123,348	122,661	119,176	117,702	116,133	121,031	98,577	121,640	106,257	113,186	111,568	117,240	108,688	100,539	88,356	93,265	95,485	89,098	82,428	87,642	91,746	90,319	87,734	89,290	85,344	87,308	85,653	85,356	80,648	80,260	79,386	73,037	75,054	74,740	70,534	71,637	56,164	71,085	70,627	68,494	67,117	66,753	58,990	61,823	58,093	59,429	57,430	55,684	54,473	54,047	54,359	53,306	52,036	51,330	50,231	47,919	43,240	42,497	42,668	39,217	37,785	35,421	33,288	30,953	29,644	27,403	28,777	27,367	27,032	25,845	23,230	21,831	21,502	21,039	20,472	19,503	18,887	17,865	99,357	16,121	15,040	13,417	13,596	12,987	12,537	11,783	11,060	10,180	9,247	8,700	7,700	7,400	6,900	6,600	3,900	6,100	5,700	4,600	4,200	3,900	4,000	3,400	1,700	3,200
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	353,192	352,332	393,915	357,414	345,388	332,638	365,791	342,499	307,771	302,064	292,718	281,856	275,655	267,175	285,013	252,443	263,523	253,472	252,715	247,293	246,207	251,101	257,505	246,646	239,746	240,043	244,214	224,478	202,608	197,744	199,557	198,211	196,452	183,196	176,126	169,166	167,144	162,416	159,278	158,724	151,880	148,235	148,798	142,976	156,919	140,000	137,036	133,817	132,254	129,695	132,949	121,824	119,542	113,860	110,804	104,617	102,808	101,196	101,103	101,081	104,506	104,302	103,476	99,480	96,998	91,678	86,864	81,858	78,528	73,460	71,928	67,862	64,021	62,251	53,990	51,975	49,440	48,218	44,452	41,769	39,869	38,218	31,249	39,603	37,768	36,948	45,296	36,295	35,327	35,592	33,883	32,387	30,387	29,128	26,054	24,115	23,238	21,600	20,600	19,100	18,300	17,200	18,300	14,100	13,400	12,900	12,300	11,200	10,000	9,500	10,500	8,200
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	34,686	29,802	36,122	36,110	35,694	36,603	38,113	24,450	30,549	26,896	27,947	26,492	25,987	59,466	13,037	13,906	14,390	16,520	14,891	14,811	14,241	14,437	14,476	14,086	14,286	14,524	13,121	10,633	10,016	9,830	9,962	9,823	8,437	7,120	8,007	8,006	8,216	8,583	8,410	8,679	8,763	8,838	8,931	9,093	8,917	8,733	8,354	8,289	8,403	8,897	9,192	9,366	9,392	9,919	9,213	9,062	9,149	8,770	8,566	8,546	8,455	8,156	7,566	7,820	7,112	7,337	7,650	6,999	6,574	6,507	6,317	5,757	5,675	4,810	4,427	4,488	4,593	3,928	3,181	3,143	4,406	4,531	4,346	4,385	4,279	4,428	4,377	4,488	4,983	4,580	4,309	3,824	3,811	3,160	2,636	3,169	2,900	3,000	2,600	2,300	1,900	2,000	2,000	1,500	1,100	1,200	1,300	1,300	900	800	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	217,100	0	0	0	215,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	74,375	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	100,711	130,227	115,725	104,582	105,596	123,847	119,881	108,376	94,915	95,186	281,856	275,655	79,087	175,820	81,740	87,305	88,515	84,985	83,461	81,099	84,325	88,039	81,573	76,514	78,519	82,945	78,052	70,973	70,494	75,397	73,609	72,541	68,460	68,531	68,480	67,628	64,873	66,757	68,063	64,626	64,985	68,568	66,255	81,077	66,414	64,742	64,939	64,723	62,862	67,472	59,600	59,405	57,075	56,886	53,262	51,938	50,789	48,456	50,234	51,969	50,970	52,792	51,346	49,520	46,735	45,167	42,429	41,798	38,519	39,305	36,319	34,899	34,187	29,259	28,205	28,147	26,211	24,725	23,375	21,671	20,343	19,616	20,656	19,808	19,202	19,012	18,956	18,729	18,387	16,868	16,524	15,818	14,999	14,100	12,700	11,676	11,000	10,300	9,600	9,200	8,700	10,000	6,400	5,800	6,000	3,300	6,000	4,300	5,100	5,700	-
Tax Provision	0	26,641	43,229	27,335	25,169	21,087	12,006	10,370	12,018	12,283	17,381	13,597	18,023	19,026	7,065	17,924	14,423	14,784	16,762	21,119	19,647	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	98,050	100,711	130,227	115,725	104,582	105,596	123,847	119,881	108,376	94,915	95,186	76,599	80,132	79,087	101,445	81,740	87,305	88,515	84,985	83,461	81,099	84,325	88,038	81,573	76,514	78,519	82,945	78,052	70,973	70,494	75,397	73,609	72,541	68,460	68,531	68,480	67,628	64,873	66,757	68,063	64,626	64,985	68,567	66,255	81,077	66,414	64,741	64,939	64,723	62,862	67,472	59,600	59,405	57,075	56,886	53,262	51,938	50,789	48,456	50,234	51,969	50,970	52,792	51,346	49,520	46,735	45,167	42,429	41,798	38,519	39,305	36,319	34,899	34,187	29,259	28,205	28,147	26,211	24,725	23,375	21,671	20,343	19,616	20,656	19,808	19,202	-63,005	18,956	18,729	19,291	4,924	20,833	19,642	18,810	17,260	15,336	14,845	13,900	13,300	12,200	11,500	10,600	12,000	8,400	7,300	7,100	4,500	7,300	5,600	6,000	6,500	6,200
Total Other Income Expense Net	-24,108	-962	-21,500	-9,961	-12,488	-14,010	-15,791	-61,049	-1,392	-1,237	979	-1,587	347	230	-607	-289	-487	-1,314	-3,279	-3,856	-4,339	-4,596	-4,421	-3,754	-3,272	-2,919	-2,655	-2,413	-1,208	-499	112,453	-433	-424	93	391	482	534	430	227	334	344	341	346	361	357	428	459	483	496	277	194	172	132	125	72	86	151	238	96	181	197	618	835	852	1,431	2,042	2,358	2,143	1,797	1,487	1,420	1,060	562	1,702	442	316	216	168	128	223	687	735	638	509	546	596	615	522	574	-296	640	830	942	931	812	-1,792	700	700	600	500	500	500	2,600	-300	-400	400	300	200	-300	100	1,500	-300
Total Revenue	545,945	542,216	535,797	529,811	515,085	504,815	499,297	488,751	431,119	424,725	411,894	399,558	391,788	388,206	383,590	374,083	369,780	366,658	364,283	364,533	354,895	351,640	345,861	339,911	335,231	329,141	326,642	312,120	294,354	288,063	287,291	287,501	281,796	270,504	261,779	254,522	247,792	242,676	238,664	231,761	226,934	222,975	219,332	214,613	213,083	211,085	207,663	202,311	199,371	196,448	191,939	183,647	177,635	173,289	168,234	160,301	157,281	155,243	155,462	154,387	156,542	155,632	153,707	147,399	140,238	134,175	129,532	121,075	116,313	108,881	105,216	98,815	93,665	89,654	82,767	79,342	76,472	74,063	67,682	63,600	61,371	59,257	51,721	59,106	56,655	54,813	54,061	52,416	50,367	49,009	47,479	45,374	42,924	40,911	37,114	34,295	32,485	30,300	28,300	26,500	25,200	23,800	22,200	20,200	19,100	17,500	16,500	15,100	14,000	12,900	12,200	11,400

Latest Income Statement (annual, 2023-08-31)

Gross Profit (+$)
totalRevenue	2,085,508
Cost of Revenue	-973,225
Gross Profit	1,112,283	1,112,283

Operating Income (+$)
Gross Profit	1,112,283
Operating Expense	-456,130
Operating Income	630,207	656,153

Operating Expense (+$)
Research Development	267,400
Selling General Administrative	456,130
Selling And Marketing Expenses	0
Operating Expense	456,130	723,530

Net Interest Income (+$)
Interest Income	53,510
Interest Expense	-66,319
Other Finance Cost	-40,701
Net Interest Income	-53,510

Pretax Income (+$)
Operating Income	630,207
Net Interest Income	-53,510
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	584,954	647,896 EBIT - interestExpense = 610,900 584,993 534,492
Interest Expense	66,319
Earnings Before Interest and Taxes (EBIT)	677,219	651,273
Earnings Before Interest and Taxes (EBITDA)	814,947

After tax Income (+$)
Income Before Tax	584,954
Tax Provision	-116,820
Net Income From Continuing Ops	468,134	468,134
Net Income	468,173
Net Income Applicable To Common Shares	468,134

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	1,429,355
Total Other Income/Expenses Net	-17,689	53,510

Technical Analysis of Factset
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 Factset. The general trend of Factset is UNKNOWN with 0.0% 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 Factset'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 State	Bullish trend		Bearish trend
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 FactSet Research Systems Inc.

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: 422.03 < 424.94 < 447.70.

The bearish price targets are: 418.63 > 417.60 > 389.05.

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FactSet Research Systems Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

Let's take a look at the Moving Averages of FactSet Research Systems Inc. The current mas is .

Directionalities and relatives.

Moving Average	Amount of candles	Trend	Price +/-	vs. MA 50	vs. MA 100	vs. MA 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.

FactSet Research Systems Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

Let's take a look at the Directional Movement Index (DMI) of FactSet Research Systems Inc. The current adx is .

FactSet Research Systems Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of FactSet Research Systems Inc.

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.

FactSet Research Systems Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

Let's take a look at the Stochastic Oscillator of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

Let's take a look at the Average True Range (ATR) of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of FactSet Research Systems Inc.

FactSet Research Systems Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for FactSet Research Systems Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

FactSet Research Systems Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of FactSet Research Systems Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Open	Greater than	Close	417.530
Total			0/1 (0.0%)

Create your own Symbol Scanner

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1. Valuation of Factset (5 min.)

$422.83

$46.62

$65.80 - $158.88

$112.42 - $205.50

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Is Factset growing?

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3. Financial Health of Factset (5 min.)

4. Comparing to competitors in the Financial Data & Stock Exchanges industry (5 min.)

Industry Rankings (Financial Data & Stock Exchanges)

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Fundamentals of Factset

About FactSet Research Systems Inc

Financial Health

Valuation

1.1. Profitability of FactSet Research Systems Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Financial Data & Stock Exchanges)

1.1.2. Return on Assets

Trends

Compared to industry (Financial Data & Stock Exchanges)

1.1.3. Return on Equity

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Compared to industry (Financial Data & Stock Exchanges)

1.2. Operating Efficiency of FactSet Research Systems Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

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Compared to industry (Financial Data & Stock Exchanges)

1.2.2. Operating Ratio

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Compared to industry (Financial Data & Stock Exchanges)

1.3. Liquidity of FactSet Research Systems Inc.

1.3. Liquidity

1.3.1. Current Ratio

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Compared to industry (Financial Data & Stock Exchanges)

1.3.2. Quick Ratio

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1.4. Solvency of FactSet Research Systems Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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Compared to industry (Financial Data & Stock Exchanges)

1.4.2. Debt to Equity Ratio

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Compared to industry (Financial Data & Stock Exchanges)

2. Market Valuation of FactSet Research Systems Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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Compared to industry (Financial Data & Stock Exchanges)

FactSet Research Systems Inc
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