First Financial Bankshares Inc
Buy, Hold or Sell?

Let's analyse First Financial Bankshares Inc together

Penke I guess you are interested in First Financial Bankshares 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 First Financial Bankshares 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.

Get notifications about First Financial Bankshares Inc

I send you an email if I find something interesting about First Financial Bankshares Inc.

Quick analysis of First Financial Bankshares Inc (30 sec.)

What can you expect buying and holding a share of First Financial Bankshares Inc? (30 sec.)

How much money do you get?

$0.70

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$10.49

Expected worth in 1 year

$12.13

How sure are you?

82.5%

+ What do you gain per year?

Total Gains per Share

$2.34

Return On Investment

7.7%

For what price can you sell your share?

Current Price per Share

$30.48

Expected price per share

$27.19 - $32.52

How sure are you?

50%

1. Valuation of First Financial Bankshares Inc (5 min.)

Live pricePrice per Share (EOD)

$30.48

Book Value per Share

$10.49

Intrinsic Value Per Share

$5.56 - $23.50

Total Value Per Share

$16.05 - $33.98

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.35) 3Y: ($0.53) TTM: ($0.47)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($-0.01) TTM: ($-0.02)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$1.26	$2.16	$1.25 - $2.25
2	$2.32	$4.37	$1.11 - $2.37
3	$3.20	$6.64	$0.97 - $2.49
4	$3.92	$8.95	$0.83 - $2.62
5	$4.49	$11.29	$0.69 - $2.74
6	$4.92	$13.68	$0.55 - $2.86
7	$5.23	$16.09	$0.41 - $2.99
8	$5.44	$18.54	$0.26 - $3.11
9	$5.54	$21.01	$0.12 - $3.23
10	$5.56	$23.50	$-0.02 - $3.35

2. Growth of First Financial Bankshares Inc (5 min.)

Is First Financial Bankshares Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.4b	$1.3b	$8.2b	86.3%

How much money is First Financial Bankshares Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$49.7m	$58.6m	-$8.8m	-17.8%
Net Profit Margin	38.4%	45.0%	-	-

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

Quarterly Yearly

3. Financial Health of First Financial Bankshares Inc (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of First Financial Bankshares Inc? (5 min.)

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

What can you expect buying and holding a share of First Financial Bankshares Inc?

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

Speculation

The Price per Share of First Financial Bankshares Inc is $30.48. 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 First Financial Bankshares Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

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

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $10.49. Based on the TTM, the Book Value Change Per Share is $0.41 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.86 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.17 per quarter.

Based on historical numbers we can estimate the returns while holding a share of First Financial Bankshares Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.32	1.1%	0.35	1.1%	0.41	1.3%	0.36	1.2%	0.28	0.9%
Usd Book Value Change Per Share	-73.52	-241.2%	0.41	1.3%	-0.86	-2.8%	0.16	0.5%	0.16	0.5%
Usd Dividend Per Share	0.18	0.6%	0.17	0.6%	0.16	0.5%	0.14	0.5%	0.11	0.4%
Usd Total Gains Per Share	-73.34	-240.6%	0.58	1.9%	-0.70	-2.3%	0.30	1.0%	0.27	0.9%
Usd Price Per Share	30.30	-	28.95	-	39.91	-	37.24	-	38.81	-
Price to Earnings Ratio	23.55	-	20.99	-	24.42	-	26.34	-	38.80	-
Price-to-Total Gains Ratio	-0.41	-	-13.57	-	-18.59	-	166.60	-	185.46	-
Price to Book Ratio	2.89	-	0.97	-	4.41	-	3.37	-	5.18	-
Price-to-Total Gains Ratio	-0.41	-	-13.57	-	-18.59	-	166.60	-	185.46	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	30.48
Number of shares	32

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.17	0.14
Usd Book Value Change Per Share	0.41	0.16
Usd Total Gains Per Share	0.58	0.30
Gains per Quarter (32 shares)	18.71	9.47
Gains per Year (32 shares)	74.82	37.90

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	22	52	65	18	20	28
2	45	105	140	36	40	66
3	67	157	215	54	60	104
4	89	210	290	72	80	142
5	112	262	365	90	99	180
6	134	315	440	108	119	218
7	157	367	515	126	139	256
8	179	420	590	144	159	294
9	201	472	665	162	179	332
10	224	525	740	180	199	370

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%	120.0	0.0	0.0	100.0%
Book Value Change Per Share	1.0	3.0	0.0	25.0%	5.0	7.0	0.0	41.7%	13.0	7.0	0.0	65.0%	31.0	9.0	0.0	77.5%	96.0	24.0	0.0	80.0%
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%	119.0	0.0	1.0	99.2%
Total Gains per Share	1.0	3.0	0.0	25.0%	6.0	6.0	0.0	50.0%	14.0	6.0	0.0	70.0%	33.0	7.0	0.0	82.5%	105.0	15.0	0.0	87.5%

Fundamentals of First Financial Bankshares Inc

About First Financial Bankshares Inc

https://www.ffin.com
Banks - Regional
1400
400 Pine Street, Abilene, TX, United States, 79601
Google Maps Bing Maps

First Financial Bankshares, Inc., through its subsidiaries, provides commercial banking products and services in Texas. The company offers checking, savings and time deposits; automated teller machines, drive-in, and night deposit services; safe deposit facilities, remote deposit capture, internet banking, mobile banking, payroll cards, funds transfer, and performing other customary commercial banking services; securities brokerage services; and trust and wealth management services, including wealth management, estates administration, oil and gas management, testamentary trusts, revocable and irrevocable trusts, and agency accounts. It also provides commercial and industrial, municipal, agricultural, construction and development, farm, residential, and consumer auto and non-auto, as well as non-owner occupied and owner occupied commercial real estate loans. In addition, the company offers advisory and specialized services related to asset management, investing, purchasing, advertising, public relations, and technology services. First Financial Bankshares, Inc. was founded in 1890 and is headquartered in Abilene, Texas.

Fundamental data was last updated by Penke on 2024-04-11 07:49:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.

Liquidity Details

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

Solvency Details

	Compared to previous year	Compared to industry
The company is very able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details

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

1.1. Profitability of First Financial Bankshares Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit First Financial Bankshares Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional industry mean.
A Net Profit Margin of 28.0% means that $0.28 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of First Financial Bankshares Inc:

The MRQ is 28.0%. The company is making a huge profit. +2
The TTM is 38.4%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	28.0%	TTM	38.4%	-10.4%
TTM	38.4%	YOY	45.0%	-6.6%
TTM	38.4%	5Y	42.7%	-4.3%
5Y	42.7%	10Y	39.7%	+2.9%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	28.0%	18.4%	+9.6%
TTM	38.4%	28.0%	+10.4%
YOY	45.0%	25.2%	+19.8%
5Y	42.7%	22.8%	+19.9%
10Y	39.7%	19.8%	+19.9%

Measures how much net profit First Financial Bankshares Inc earns for each $1 of revenue.

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

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

The net profit margin looks at how much net profit First Financial Bankshares Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

You typically want a high profit margin. This means that for each $1 in sales, First Financial Bankshares Inc makes more profit. This shows the investor how efficiently First Financial Bankshares Inc is operating in general and compared to other companies in the same industry. First Financial Bankshares Inc operates in the Banks - Regional industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of First Financial Bankshares Inc. If profit margins remain low (compared to the Banks - Regional 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 First Financial Bankshares Inc is 0.28. This means that First Financial Bankshares Inc earned $0.28 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 Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate net profit margin

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

Real example of First Financial Bankshares Inc

You need the following data to determine net profit margin:

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

Net income MRQ First Financial Bankshares Inc = 45,980
Total revenue MRQ First Financial Bankshares Inc = 164,287
$45,980 / $164,287 = 0.28 or 28.0%

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 First Financial Bankshares Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional industry mean.
0.4% Return on Assets means that First Financial Bankshares Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of First Financial Bankshares Inc:

The MRQ is 0.4%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.4%	TTM	0.4%	0.0%
TTM	0.4%	YOY	0.4%	-0.1%
TTM	0.4%	5Y	0.5%	-0.1%
5Y	0.5%	10Y	0.4%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.4%	0.1%	+0.3%
TTM	0.4%	0.2%	+0.2%
YOY	0.4%	0.2%	+0.2%
5Y	0.5%	0.2%	+0.3%
10Y	0.4%	0.2%	+0.2%

Shows how efficient First Financial Bankshares Inc is using its assets to generate profit.

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

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional 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 First Financial Bankshares Inc is using its resources to generate profit. If the return on assets (0.4%) from First Financial Bankshares Inc are higher than the Banks - Regional mean (0.1%) that means First Financial Bankshares Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of First Financial Bankshares Inc is 0.4%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on assets

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

Real example First Financial Bankshares Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from First Financial Bankshares Inc = 45,980
Total assets MRQ (balance sheet) from First Financial Bankshares Inc = 13,105,594
45,980 / 13,105,594 = 0.00 or 0.4%

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

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

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

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

1.1.3. Return on Equity

Shows how efficient First Financial Bankshares Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional industry mean.
3.1% Return on Equity means First Financial Bankshares Inc generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of First Financial Bankshares Inc:

The MRQ is 3.1%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.7%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.1%	TTM	3.7%	-0.6%
TTM	3.7%	YOY	4.5%	-0.9%
TTM	3.7%	5Y	3.6%	+0.0%
5Y	3.6%	10Y	3.5%	+0.1%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	3.1%	1.4%	+1.7%
TTM	3.7%	2.5%	+1.2%
YOY	4.5%	2.7%	+1.8%
5Y	3.6%	2.5%	+1.1%
10Y	3.5%	2.8%	+0.7%

Shows how efficient First Financial Bankshares Inc is using its investors money to generate profit.

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

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional 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 Banks - Regional 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 First Financial Bankshares Inc is 3.1%. This means First Financial Bankshares Inc generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if First Financial Bankshares Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on equity

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

Real example of First Financial Bankshares Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) First Financial Bankshares Inc = 45,980
Shareholders equity (balance sheet) MRQ First Financial Bankshares Inc = 1,498,900
45,980 / 1,498,900 = 0.03 or 3.1%

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

1.2. Operating Efficiency of First Financial Bankshares Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient First Financial Bankshares Inc is operating .

Measures how much profit First Financial Bankshares Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional industry mean.
An Operating Margin of 34.0% means the company generated $0.34 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of First Financial Bankshares Inc:

The MRQ is 34.0%. The company is operating very efficient. +2
The TTM is 51.5%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	34.0%	TTM	51.5%	-17.5%
TTM	51.5%	YOY	60.2%	-8.8%
TTM	51.5%	5Y	56.2%	-4.8%
5Y	56.2%	10Y	54.3%	+1.9%

Measures how efficient First Financial Bankshares Inc is operating .

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

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional 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 First Financial Bankshares Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of First Financial Bankshares Inc is 34.0%. This means that First Financial Bankshares Inc earned $0.34 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of First Financial Bankshares Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ First Financial Bankshares Inc = 56,013
Total revenue MRQ First Financial Bankshares Inc = 164,287
$56,013 / $164,287 = 0.34 or 34.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient First Financial Bankshares Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.34 means that the operating costs are $0.34 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of First Financial Bankshares Inc:

The MRQ is 0.341. The company is very efficient in keeping operating costs low. +2
The TTM is -0.159.

Trends

Current period		Compared to		+/-
MRQ	0.341	TTM	-0.159	+0.500
TTM	-0.159	YOY	-0.178	+0.019
TTM	-0.159	5Y	-0.124	-0.035
5Y	-0.124	10Y	-0.089	-0.035

Measures how efficient First Financial Bankshares Inc is keeping operating costs low.

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

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional 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 First Financial Bankshares Inc is 34.1%. This means that First Financial Bankshares Inc earned $0.34 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example First Financial Bankshares Inc

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(0 +56,013) \ 164,287 = 0.34

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 First Financial Bankshares Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if First Financial Bankshares Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.14 means the company has $0.14 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of First Financial Bankshares Inc:

The MRQ is 0.140. The company is unable to pay all its short-term debts. -2
The TTM is 0.380. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.140	TTM	0.380	-0.240
TTM	0.380	YOY	1.112	-0.732
TTM	0.380	5Y	0.678	-0.298
5Y	0.678	10Y	2.491	-1.813

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	0.380	0.124	+0.256
YOY	1.112	0.225	+0.887
5Y	0.678	0.219	+0.459
10Y	2.491	0.131	+2.360

Measures if First Financial Bankshares Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Banks - Regional 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 First Financial Bankshares Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of First Financial Bankshares Inc is 0.14. This means First Financial Bankshares Inc has $0.14 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example First Financial Bankshares Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
537,074 \ 3,844,326) = 0.14

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

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

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

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

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

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

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional industry mean.
A Quick Ratio of 1.27 means the company can pay off $1.27 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of First Financial Bankshares Inc:

The MRQ is 1.269. The company is able to pay all its short-term debts with the most liquid assets. +1
The TTM is 1.533. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	1.269	TTM	1.533	-0.264
TTM	1.533	YOY	2.151	-0.618
TTM	1.533	5Y	1.592	-0.059
5Y	1.592	10Y	6.208	-4.616

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional 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 First Financial Bankshares Inc can pay off its short term debts. This shows if First Financial Bankshares Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of First Financial Bankshares Inc is 1.27. This means that First Financial Bankshares Inc can pay off $1.27 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example First Financial Bankshares Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio First Financial Bankshares Inc: (145,839 + 4,732,762 +0) / 3,844,326 = 1.27

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 First Financial Bankshares Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of First Financial Bankshares Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare First Financial Bankshares Inc to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.89 means that First Financial Bankshares Inc assets are financed with 88.6% credit (debt) and the remaining percentage (100% - 88.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of First Financial Bankshares Inc:

The MRQ is 0.886. The company is just able to pay all its debts by selling its assets.
The TTM is 0.260. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.886	TTM	0.260	+0.626
TTM	0.260	YOY	0.901	-0.641
TTM	0.260	5Y	0.745	-0.485
5Y	0.745	10Y	0.810	-0.065

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.886	0.915	-0.029
TTM	0.260	0.917	-0.657
YOY	0.901	0.919	-0.018
5Y	0.745	0.919	-0.174
10Y	0.810	0.927	-0.117

Measures how much % of First Financial Bankshares Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake First Financial Bankshares Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare First Financial Bankshares Inc to Banks - Regional 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 First Financial Bankshares Inc is 0.89. This means means that First Financial Bankshares Inc is financed with 88.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example First Financial Bankshares Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
11,606,694 \ 13,105,594 = 88.6% or 0.89.

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 First Financial Bankshares Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare First Financial Bankshares Inc to the Banks - Regional industry mean.
A Debt to Equity ratio of 774.3% means that company has $7.74 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of First Financial Bankshares Inc:

The MRQ is 7.743. The company is unable to pay all its debts with equity. -1
The TTM is 2.310. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	7.743	TTM	2.310	+5.433
TTM	2.310	YOY	9.187	-6.876
TTM	2.310	5Y	5.825	-3.515
5Y	5.825	10Y	6.440	-0.615

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	7.743	10.829	-3.086
TTM	2.310	11.013	-8.703
YOY	9.187	11.363	-2.176
5Y	5.825	11.437	-5.612
10Y	6.440	13.038	-6.598

Measures if First Financial Bankshares Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

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

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

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

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of First Financial Bankshares Inc is 7.74. This means that First Financial Bankshares Inc can pay off $7.74 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example First Financial Bankshares Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
11,606,694 \ 1,498,900 = 7.74 or 774.3%

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 First Financial Bankshares 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 First Financial Bankshares Inc generates.

Above 15 is considered overpriced but always compare First Financial Bankshares Inc to the Banks - Regional industry mean.
A PE ratio of 23.55 means the investor is paying $23.55 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of First Financial Bankshares Inc:

The EOD is 23.688. Based on the earnings, the company is fair priced.
The MRQ is 23.549. Based on the earnings, the company is fair priced.
The TTM is 20.990. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	23.688	MRQ	23.549	+0.140
MRQ	23.549	TTM	20.990	+2.559
TTM	20.990	YOY	24.420	-3.430
TTM	20.990	5Y	26.341	-5.351
5Y	26.341	10Y	38.795	-12.454

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	23.688	7.498	+16.190
MRQ	23.549	6.680	+16.869
TTM	20.990	5.295	+15.695
YOY	24.420	6.943	+17.477
5Y	26.341	9.770	+16.571
10Y	38.795	9.943	+28.852

Measures how much money you pay for each share for every $1 in earnings First Financial Bankshares Inc generates.

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

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare First Financial Bankshares Inc to the Banks - Regional 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 First Financial Bankshares Inc is 23.55. This means the investor is paying $23.55 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how First Financial Bankshares Inc is performing over time. The most recent quarter might be important if First Financial Bankshares Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for First Financial Bankshares Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example First Financial Bankshares Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

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

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 142,939 = EPS
PE ratio MRQ = 23.55

* 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 First Financial Bankshares Inc:

The EOD is 19.179. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 19.066. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 15.901. Based on how much money comes from the company's main activities, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	19.179	MRQ	19.066	+0.113
MRQ	19.066	TTM	15.901	+3.165
TTM	15.901	YOY	18.652	-2.751
TTM	15.901	5Y	23.993	-8.092
5Y	23.993	10Y	50.864	-26.871

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	19.179	-2.096	+21.275
MRQ	19.066	-1.868	+20.934
TTM	15.901	-0.342	+16.243
YOY	18.652	6.448	+12.204
5Y	23.993	0.429	+23.564
10Y	50.864	0.091	+50.773

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of First Financial Bankshares Inc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 2.89 means the investor is paying $2.89 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of First Financial Bankshares Inc:

The EOD is 2.907. Based on the equity, the company is underpriced. +1
The MRQ is 2.889. Based on the equity, the company is underpriced. +1
The TTM is 0.973. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	2.907	MRQ	2.889	+0.017
MRQ	2.889	TTM	0.973	+1.917
TTM	0.973	YOY	4.413	-3.441
TTM	0.973	5Y	3.374	-2.402
5Y	3.374	10Y	5.181	-1.807

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	2.907	0.433	+2.474
MRQ	2.889	0.386	+2.503
TTM	0.973	0.470	+0.503
YOY	4.413	0.642	+3.771
5Y	3.374	0.795	+2.579
10Y	5.181	1.025	+4.156

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of First Financial Bankshares Inc.

3.1. Institutions holding First Financial Bankshares Inc

Institutions are holding 76.242% of the shares of First Financial Bankshares Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	First Financial Bankshares Inc	12.7983	13.3017	18269866	18269866	0
2023-12-31	BlackRock Inc	11.3294	0.0125	16172949	891763	5.8357
2023-12-31	Vanguard Group Inc	10.1334	0.0096	14465552	120252	0.8383
2023-12-31	State Street Corporation	4.1448	0.0088	5916751	654505	12.4377
2023-12-31	Kayne Anderson Rudnick Investment Management LLC	2.6252	0.2841	3747496	132143	3.6551
2023-12-31	Neuberger Berman Group LLC	2.606	0.0983	3720068	944161	34.0127
2023-12-31	Geode Capital Management, LLC	2.0336	0.0092	2903039	-20684	-0.7075
2023-12-31	Goldman Sachs Group Inc	1.927	0.0075	2750892	1454552	112.2045
2023-12-31	Champlain Investment Partners, LLC	1.8308	0.4695	2613529	273888	11.7064
2023-12-31	Dimensional Fund Advisors, Inc.	1.6572	0.0209	2365643	49701	2.146
2023-12-31	Northern Trust Corp	1.2983	0.0102	1853283	96725	5.5065
2023-12-31	Charles Schwab Investment Management Inc	1.0989	0.0121	1568765	46164	3.0319
2023-12-31	Fuller & Thaler Asset Management Inc	1.0668	0.2338	1522853	6089	0.4014
2023-12-31	NORGES BANK	0.9811	0.0074	1400496	131055	10.3238
2023-12-31	Bank of New York Mellon Corp	0.9629	0.0084	1374575	-28271	-2.0153
2023-12-31	Morgan Stanley - Brokerage Accounts	0.9473	0.0036	1352359	235966	21.1365
2023-12-31	Nuveen Asset Management, LLC	0.7547	0.0105	1077348	3301	0.3073
2023-12-31	Amvescap Plc.	0.7135	0.0073	1018594	158491	18.427
2023-12-31	JPMorgan Chase & Co	0.5927	0.0025	846024	-238098	-21.9623
2023-12-31	Wells Fargo & Co	0.4272	0.0048	609778	-50678	-7.6732
Total		59.9291	14.5227	85549860	+23130891	+27.0%

3.2. Funds holding First Financial Bankshares Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.978	0.0085	4251082	-27170	-0.6351
2024-03-28	iShares Core S&P Mid-Cap ETF	2.8011	0.1543	3998657	0	0
2024-02-29	Vanguard Small Cap Index	2.448	0.0769	3494615	32511	0.9391
2024-03-28	iShares Russell 2000 ETF	2.253	0.1611	3216198	20778	0.6502
2024-02-29	Champlain Small Company Fund, LLC	1.7728	1.6905	2530707	144220	6.0432
2023-12-31	Neuberger Berman Genesis Inv	1.7614	0.7406	2514444	715262	39.7548
2024-02-29	Vanguard Small Cap Value Index Inv	1.6681	0.1386	2381261	12002	0.5066
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3342	0.0578	1904582	-6876	-0.3597
2023-12-31	Virtus KAR Mid-Cap Core I	1.0252	1.9306	1463538	138034	10.4137
2023-12-31	FullerThaler Behavioral Sm-Cp Eq R6	0.9962	0.5419	1422031	0	0
2023-12-31	FullerThaler Behavioral Small-Cap Equity	0.9962	0.5418	1422031	0	0
2024-01-31	Fidelity Small Cap Index	0.9241	0.1662	1319148	20591	1.5857
2024-03-28	iShares Russell 2000 Growth ETF	0.7949	0.3195	1134706	-1319	-0.1161
2023-12-31	Champlain Small Company Adv	0.7566	1.3362	1080000	137570	14.5974
2024-02-29	Calvert Small-Cap A	0.7344	1.0525	1048385	696597	198.0161
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7186	0.1509	1025839	3859	0.3776
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5555	0.0587	793011	17500	2.2566
2024-01-31	Old Westbury Small & Mid Cap Strategies	0.5235	0.3163	747365	202365	37.1312
2024-02-29	Vanguard Dividend Appreciation ETF	0.5211	0.0252	743907	3780	0.5107
2024-02-29	Fidelity Extended Market Index	0.5123	0.059	731315	-3543	-0.4821
Total		26.0752	9.5271	37222822	+2106161	+5.7%

3.3. Insider Transactions

Insiders are holding 4.085% of the shares of First Financial Bankshares Inc.

Date	Owner	Type	Amount	Price
2024-02-07	Robert Clark Nickles Jr	BUY	584	30.47
2023-11-16	Michelle S Hickox	BUY	600	26.25
2023-11-03	Robert Clark Nickles Jr	BUY	674	26.22
2023-10-25	April Kaye Bullock Anthony	BUY	5000	22.9
2023-08-23	Michael B Denny	BUY	763	28.78
2023-08-21	Johnny Trotter	BUY	2500	29.04
2023-07-27	Robert Clark Nickles Jr	BUY	540	32.57
2023-05-09	Robert Clark Nickles Jr	BUY	18387	26.19
2023-05-01	Johnny Trotter	BUY	4000	29.05
2023-04-28	Michelle S Hickox	BUY	1700	29.45
2023-04-27	Michael B Denny	BUY	3500	28.5

4. Summary

4.1. Key Performance Indicators

The key performance indicators of First Financial Bankshares 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	-	-	-73.523	0.410	-18039%	-0.858	-99%	0.155	-47415%	0.159	-46270%
Book Value Per Share	-	-	10.486	66.630	-84%	9.107	+15%	21.442	-51%	13.627	-23%
Current Ratio	-	-	0.140	0.380	-63%	1.112	-87%	0.678	-79%	2.491	-94%
Debt To Asset Ratio	-	-	0.886	0.260	+241%	0.901	-2%	0.745	+19%	0.810	+9%
Debt To Equity Ratio	-	-	7.743	2.310	+235%	9.187	-16%	5.825	+33%	6.440	+20%
Dividend Per Share	-	-	0.180	0.175	+3%	0.159	+13%	0.141	+28%	0.109	+65%
Eps	-	-	0.322	0.345	-7%	0.409	-21%	0.359	-10%	0.279	+15%
Free Cash Flow Per Share	-	-	0.397	0.471	-16%	0.538	-26%	0.455	-13%	0.349	+14%
Free Cash Flow To Equity Per Share	-	-	0.742	0.111	+570%	1.089	-32%	1.834	-60%	1.239	-40%
Gross Profit Margin	-	-	0.989	0.977	+1%	0.973	+2%	0.973	+2%	0.958	+3%
Intrinsic Value_10Y_max	-	-	23.496	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	5.563	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.160	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.261	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	6.637	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	3.203	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	11.294	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	4.485	-	-	-	-	-	-	-	-
Market Cap	4351080960.000	+0%	4331051003.100	4141833361.428	+5%	5714023679.858	-24%	5325966564.678	-19%	5545181850.339	-22%
Net Profit Margin	-	-	0.280	0.384	-27%	0.450	-38%	0.427	-34%	0.397	-30%
Operating Margin	-	-	0.340	0.515	-34%	0.602	-44%	0.562	-40%	0.543	-37%
Operating Ratio	-	-	0.341	-0.159	+147%	-0.178	+152%	-0.124	+136%	-0.089	+126%
Pb Ratio	2.907	+1%	2.889	0.973	+197%	4.413	-35%	3.374	-14%	5.181	-44%
Pe Ratio	23.688	+1%	23.549	20.990	+12%	24.420	-4%	26.341	-11%	38.795	-39%
Price Per Share	30.480	+1%	30.300	28.953	+5%	39.905	-24%	37.245	-19%	38.813	-22%
Price To Free Cash Flow Ratio	19.179	+1%	19.066	15.901	+20%	18.652	+2%	23.993	-21%	50.864	-63%
Price To Total Gains Ratio	-0.416	-1%	-0.413	-13.567	+3184%	-18.595	+4401%	166.599	-100%	185.458	-100%
Quick Ratio	-	-	1.269	1.533	-17%	2.151	-41%	1.592	-20%	6.208	-80%
Return On Assets	-	-	0.004	0.004	-9%	0.004	-21%	0.005	-23%	0.004	-20%
Return On Equity	-	-	0.031	0.037	-16%	0.045	-33%	0.036	-16%	0.035	-13%
Total Gains Per Share	-	-	-73.343	0.585	-12647%	-0.699	-99%	0.296	-24873%	0.268	-27437%
Usd Book Value	-	-	1498900000.000	9534403500.000	-84%	1304029750.000	+15%	3067177800.000	-51%	1948402800.000	-23%
Usd Book Value Change Per Share	-	-	-73.523	0.410	-18039%	-0.858	-99%	0.155	-47415%	0.159	-46270%
Usd Book Value Per Share	-	-	10.486	66.630	-84%	9.107	+15%	21.442	-51%	13.627	-23%
Usd Dividend Per Share	-	-	0.180	0.175	+3%	0.159	+13%	0.141	+28%	0.109	+65%
Usd Eps	-	-	0.322	0.345	-7%	0.409	-21%	0.359	-10%	0.279	+15%
Usd Free Cash Flow	-	-	56791000.000	67374500.000	-16%	77039000.000	-26%	65067300.000	-13%	49869750.000	+14%
Usd Free Cash Flow Per Share	-	-	0.397	0.471	-16%	0.538	-26%	0.455	-13%	0.349	+14%
Usd Free Cash Flow To Equity Per Share	-	-	0.742	0.111	+570%	1.089	-32%	1.834	-60%	1.239	-40%
Usd Market Cap	4351080960.000	+0%	4331051003.100	4141833361.428	+5%	5714023679.858	-24%	5325966564.678	-19%	5545181850.339	-22%
Usd Price Per Share	30.480	+1%	30.300	28.953	+5%	39.905	-24%	37.245	-19%	38.813	-22%
Usd Profit	-	-	45980000.000	49744250.000	-8%	58618750.000	-22%	51393050.000	-11%	39839650.000	+15%
Usd Revenue	-	-	164287000.000	132548000.000	+24%	130210750.000	+26%	120882150.000	+36%	98603800.000	+67%
Usd Total Gains Per Share	-	-	-73.343	0.585	-12647%	-0.699	-99%	0.296	-24873%	0.268	-27437%
	EOD	+3 -5	MRQ	TTM	+10 -26	YOY	+13 -23	5Y	+8 -28	10Y	+14 -22

4.2. Fundamental Score

Let's check the fundamental score of First Financial Bankshares Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	23.688
Price to Book Ratio (EOD)	Between	0-1	2.907
Net Profit Margin (MRQ)	Greater than	0	0.280
Operating Margin (MRQ)	Greater than	0	0.340
Quick Ratio (MRQ)	Greater than	1	1.269
Current Ratio (MRQ)	Greater than	1	0.140
Debt to Asset Ratio (MRQ)	Less than	1	0.886
Debt to Equity Ratio (MRQ)	Less than	1	7.743
Return on Equity (MRQ)	Greater than	0.15	0.031
Return on Assets (MRQ)	Greater than	0.05	0.004
Total			4/10 (40.0%)

Create your own Stock Scanner

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

4.3. Technical Score

Let's check the technical score of First Financial Bankshares Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	49.724
Ma 20	Greater than	Ma 50	30.686
Ma 50	Greater than	Ma 100	31.007
Ma 100	Greater than	Ma 200	30.353
Open	Greater than	Close	30.130
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Net Debt		311,829	-125,113	186,716	122,083	308,799	54,460	363,259	-495,769	-132,510
Long-term Assets Other		-5,942,866	521,362	-5,421,504	5,288,488	-133,016	-40,016	-173,032	466,502	293,470

Latest Balance Sheet

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

Summary

Total Assets	13,105,594
Total Liabilities	11,606,694
Total Stockholder Equity	1,498,900

	As reported
Total Liabilities	11,606,694
Total Stockholder Equity	+ 1,498,900
Total Assets	= 13,105,594

Assets

Total Assets	13,105,594
Total Current Assets	537,074
Long-term Assets	12,568,520

Total Current Assets

Total Current Assets (as reported)	537,074
Cash And Cash Equivalents	536,591
Short-term Investments	4,732,762
Total Current Assets (calculated)	5,269,353
+/-	4,732,279

Long-term Assets

Long-term Assets (as reported)	12,568,520
Property Plant Equipment	151,788
Goodwill	313,481
Long Term Investments	4,732,762
Intangible Assets	1,141
Long-term Assets Other	293,470
Long-term Assets (calculated)	5,492,642
+/-	7,075,878

Liabilities & Shareholders' Equity

Total Current Liabilities	3,844,326
Long-term Liabilities	7,762,368
Total Stockholder Equity	1,498,900

Total Current Liabilities

Total Current Liabilities (as reported)	3,844,326
Short-term Debt	383,028
Other Current Liabilities	3,461,298
Total Current Liabilities (calculated)	3,844,326
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	7,762,368
Long term Debt	21,053
Long-term Liabilities (calculated)	21,053
+/-	7,741,315

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,498,900
Common Stock	1,427
Retained Earnings	1,219,525
Accumulated Other Comprehensive Income	-391,443
Other Stockholders Equity	669,391
Total Stockholder Equity (calculated)	1,498,900
+/-	0

Other

Capital Stock	1,427
Cash and Short Term Investments	145,839
Common Stock Shares Outstanding	142,939
Liabilities and Stockholders Equity	13,105,594
Net Debt	-132,510
Net Invested Capital	1,519,953
Net Working Capital	-3,307,252
Property Plant and Equipment Gross	272,511
Short Long Term Debt Total	404,081

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

> Total Assets

0
0
0
924,600
1,003,400
985,500
988,600
1,012,600
987,600
997,900
1,027,000
1,062,300
1,188,700
1,186,000
1,202,600
1,262,000
1,259,700
1,269,000
1,461,400
1,573,500
1,544,800
1,537,100
1,526,400
1,686,600
1,677,100
1,664,500
1,687,500
1,723,400
1,708,423
1,672,708
1,696,971
1,753,814
1,784,080
1,751,358
1,861,326
1,929,694
1,885,084
1,910,541
1,953,088
1,993,183
1,996,405
2,028,326
2,069,859
2,092,571
2,077,694
2,080,706
2,205,751
2,315,224
2,408,341
2,425,825
2,478,261
2,733,827
2,758,118
2,715,423
2,711,337
2,850,165
2,870,446
2,850,452
2,894,491
3,070,309
3,061,936
3,084,665
3,148,588
3,212,385
3,121,362
3,078
3,076,193
3,279,456
3,352,955
3,335,595
3,447,483
3,776,367
3,828,203
3,841,015
3,935,403
4,120,531
4,227,250
4,291,804
4,310,547
4,502,012
4,455,980
4,982,605
5,075,635
5,222,208
5,281,027
5,446,356
5,575,811
5,848,202
6,025,372
6,115,236
6,467,645
6,665,070
6,525,185
6,614,990
6,686,736
6,809,931
6,930,370
6,947,392
7,009,164
7,254,715
7,567,449
7,685,470
7,571,231
7,731,854
7,945,895
7,979,293
8,113,839
8,262,227
9,701,091
10,339,817
10,567,652
10,904,500
12,102,887
12,329,083
12,543,258
13,102,461
13,314,200
13,260,212
13,110,344
12,974,066
13,007,986
12,825,437
12,777,418
13,105,594

13,105,594

12,777,418

12,825,437

13,007,986

12,974,066

13,110,344

13,260,212

13,314,200

13,102,461

12,543,258

12,329,083

12,102,887

10,904,500

10,567,652

10,339,817

9,701,091

8,262,227

8,113,839

7,979,293

7,945,895

7,731,854

7,571,231

7,685,470

7,567,449

7,254,715

7,009,164

6,947,392

6,930,370

6,809,931

6,686,736

6,614,990

6,525,185

6,665,070

6,467,645

6,115,236

6,025,372

5,848,202

5,575,811

5,446,356

5,281,027

5,222,208

5,075,635

4,982,605

4,455,980

4,502,012

4,310,547

4,291,804

4,227,250

4,120,531

3,935,403

3,841,015

3,828,203

3,776,367

3,447,483

3,335,595

3,352,955

3,279,456

3,076,193

3,078

3,121,362

3,212,385

3,148,588

3,084,665

3,061,936

3,070,309

2,894,491

2,850,452

2,870,446

2,850,165

2,711,337

2,715,423

2,758,118

2,733,827

2,478,261

2,425,825

2,408,341

2,315,224

2,205,751

2,080,706

2,077,694

2,092,571

2,069,859

2,028,326

1,996,405

1,993,183

1,953,088

1,910,541

1,885,084

1,929,694

1,861,326

1,751,358

1,784,080

1,753,814

1,696,971

1,672,708

1,708,423

1,723,400

1,687,500

1,664,500

1,677,100

1,686,600

1,526,400

1,537,100

1,544,800

1,573,500

1,461,400

1,269,000

1,259,700

1,262,000

1,202,600

1,186,000

1,188,700

1,062,300

1,027,000

997,900

987,600

1,012,600

988,600

985,500

1,003,400

924,600

> Total Current Assets

0
0
0
90,300
971,600
953,600
957,200
83,800
957,100
967,300
995,900
85,900
1,148,600
1,145,600
1,162,600
126,900
1,218,500
1,228,200
1,398,700
1,508,900
1,480,600
1,473,700
1,462,800
1,621,900
1,613,900
1,602,000
1,625,700
1,661,600
1,647,660
1,612,983
1,637,662
1,695,208
1,726,255
1,692,910
1,794,380
1,863,916
1,818,407
1,844,541
1,887,495
1,155,450
1,080,175
1,083,346
1,101,661
1,113,650
1,079,038
1,106,859
1,233,343
1,370,605
1,353,284
1,335,800
1,417,370
2,559,286
1,523,480
1,475,360
1,476,470
1,593,186
1,646,314
1,588,174
1,636,711
1,814,939
1,814,063
1,802,658
1,764,821
1,764,301
1,662,226
1,648,913
1,625,732
1,866,564
1,816,602
1,792,312
1,896,004
2,087,439
2,022,698
2,049,503
2,056,835
2,126,928
2,112,523
2,175,993
2,274,102
2,525,821
2,338,698
2,815,059
2,907,429
2,970,811
2,924,540
3,077,912
3,122,629
3,231,546
3,134,182
3,182,294
3,468,907
3,670,732
3,499,623
3,553,241
3,691,123
3,682,685
3,645,755
3,716,034
3,856,658
3,902,073
3,989,241
4,182,352
4,121,142
4,264,973
4,423,347
4,411,328
4,410,411
4,544,221
5,135,234
5,762,656
5,676,495
6,050,810
6,532,861
6,285,812
5,958,588
6,062,739
7,100,248
6,680,600
6,111,225
5,805,037
5,523,432
278,857
388,285
537,074

537,074

388,285

278,857

5,523,432

5,805,037

6,111,225

6,680,600

7,100,248

6,062,739

5,958,588

6,285,812

6,532,861

6,050,810

5,676,495

5,762,656

5,135,234

4,544,221

4,410,411

4,411,328

4,423,347

4,264,973

4,121,142

4,182,352

3,989,241

3,902,073

3,856,658

3,716,034

3,645,755

3,682,685

3,691,123

3,553,241

3,499,623

3,670,732

3,468,907

3,182,294

3,134,182

3,231,546

3,122,629

3,077,912

2,924,540

2,970,811

2,907,429

2,815,059

2,338,698

2,525,821

2,274,102

2,175,993

2,112,523

2,126,928

2,056,835

2,049,503

2,022,698

2,087,439

1,896,004

1,792,312

1,816,602

1,866,564

1,625,732

1,648,913

1,662,226

1,764,301

1,764,821

1,802,658

1,814,063

1,814,939

1,636,711

1,588,174

1,646,314

1,593,186

1,476,470

1,475,360

1,523,480

2,559,286

1,417,370

1,335,800

1,353,284

1,370,605

1,233,343

1,106,859

1,079,038

1,113,650

1,101,661

1,083,346

1,080,175

1,155,450

1,887,495

1,844,541

1,818,407

1,863,916

1,794,380

1,692,910

1,726,255

1,695,208

1,637,662

1,612,983

1,647,660

1,661,600

1,625,700

1,602,000

1,613,900

1,621,900

1,462,800

1,473,700

1,480,600

1,508,900

1,398,700

1,228,200

1,218,500

126,900

1,162,600

1,145,600

1,148,600

85,900

995,900

967,300

957,100

83,800

957,200

953,600

971,600

90,300

Cash And Cash Equivalents

0
0
0
90,300
78,400
76,400
67,800
83,800
73,100
66,200
77,300
85,900
88,800
83,700
87,100
126,900
111,700
106,100
181,100
203,700
148,900
166,900
133,300
200,500
190,000
169,000
152,600
119,200
80,496
78,656
75,857
100,405
77,828
78,702
87,809
113,524
75,984
93,929
103,071
110,761
96,292
153,520
112,016
112,817
88,787
83,321
89,270
94,998
91,935
90,649
95,296
130,359
117,189
125,795
105,076
128,492
110,006
113,794
107,597
165,438
138,118
156,220
116,989
141,228
114,843
120
113,210
307,251
288,082
239,981
323,024
367,953
308,987
299,588
297,712
312,011
277,350
222,922
221,745
395,699
179,195
184,061
247,652
240,499
194,267
258,756
253,185
261,713
169,678
173,159
142,099
272,571
165,415
205,265
286,022
255,063
220,546
218,229
345,893
373,805
199,497
279,174
200,967
250,105
375,494
307,957
230,265
279,454
267,864
384,799
234,021
729,084
1,083,571
844,592
561,142
528,588
597,753
465,564
365,782
330,678
446,211
278,857
388,285
536,591

536,591

388,285

278,857

446,211

330,678

365,782

465,564

597,753

528,588

561,142

844,592

1,083,571

729,084

234,021

384,799

267,864

279,454

230,265

307,957

375,494

250,105

200,967

279,174

199,497

373,805

345,893

218,229

220,546

255,063

286,022

205,265

165,415

272,571

142,099

173,159

169,678

261,713

253,185

258,756

194,267

240,499

247,652

184,061

179,195

395,699

221,745

222,922

277,350

312,011

297,712

299,588

308,987

367,953

323,024

239,981

288,082

307,251

113,210

120

114,843

141,228

116,989

156,220

138,118

165,438

107,597

113,794

110,006

128,492

105,076

125,795

117,189

130,359

95,296

90,649

91,935

94,998

89,270

83,321

88,787

112,817

112,016

153,520

96,292

110,761

103,071

93,929

75,984

113,524

87,809

78,702

77,828

100,405

75,857

78,656

80,496

119,200

152,600

169,000

190,000

200,500

133,300

166,900

148,900

203,700

181,100

106,100

111,700

126,900

87,100

83,700

88,800

85,900

77,300

66,200

73,100

83,800

67,800

76,400

78,400

90,300

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
62,335
0
0
0
74,349
0
0
0
72,324
0
0
0
2,777
0
0
0
100,240
0
0
0
121,745
1,061,780
1,078,629
1,078,461
1,102,327,223
1,072,008
1,109,119
1,104,222
1,102,073,636
1,094,923,390
1,098,881,011
1,134,632,127
1,238,921,868
0
1,250,784,162
1,303,347,263
1,270,104
1,396,230
1,402,448
1,412,173
1,537,178
1,656,109
1,639,992
1,728,557
1,841,389
1,960,760
1,961,908
1,882,617
1,819,035
1,958,151
1,974,604
1,975,303
2,057,723
2,163,017
2,173,828
2,253,762
2,415,856
2,689,330
2,729,113
2,737,353
2,733,899
2,763,039
2,795,356
2,729,030
2,860,837
3,018,279
2,964,513
2,885,483
3,087,473
3,276,193
3,197,567
3,144,367
3,158,777
3,212,812
3,259,492
3,397,156
3,413,317
4,107,069
4,118,863
4,431,280
4,393,029
5,109,631
5,578,048
6,119,984
6,573,179
6,502,495
6,215,036
5,745,443
5,474,359
5,298,557
5,066,262
4,652,537
4,732,762

4,732,762

4,652,537

5,066,262

5,298,557

5,474,359

5,745,443

6,215,036

6,502,495

6,573,179

6,119,984

5,578,048

5,109,631

4,393,029

4,431,280

4,118,863

4,107,069

3,413,317

3,397,156

3,259,492

3,212,812

3,158,777

3,144,367

3,197,567

3,276,193

3,087,473

2,885,483

2,964,513

3,018,279

2,860,837

2,729,030

2,795,356

2,763,039

2,733,899

2,737,353

2,729,113

2,689,330

2,415,856

2,253,762

2,173,828

2,163,017

2,057,723

1,975,303

1,974,604

1,958,151

1,819,035

1,882,617

1,961,908

1,960,760

1,841,389

1,728,557

1,639,992

1,656,109

1,537,178

1,412,173

1,402,448

1,396,230

1,270,104

1,303,347,263

1,250,784,162

1,238,921,868

1,134,632,127

1,098,881,011

1,094,923,390

1,102,073,636

1,104,222

1,109,119

1,072,008

1,102,327,223

1,078,461

1,078,629

1,061,780

121,745

100,240

2,777

72,324

74,349

62,335

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,490,718
1,507,695
1,659,240
1,649,311
1,686,009
1,694,531
1,752,229
1,764,338
1,883,545
1,968,922
2,053,784
2,103,465
2,544,784
2,580,009
2,655,548
2,664,024
2,750,752
2,803,308
2,901,167
2,900,879
2,928,769
3,248,002
3,308,716
3,255,135
3,264,328
3,324,086
3,338,426
3,339,949
3,410,269
3,443,424
3,452,543
3,697,582
3,805,818
3,834,665
3,924,106
3,952,021
4,011,437
4,100,316
4,194,969
4,639,389
5,253,067
5,293,679
0
0
0
0
0
0
0
0
0
0
0
0
0

5,293,679

5,253,067

4,639,389

4,194,969

4,100,316

4,011,437

3,952,021

3,924,106

3,834,665

3,805,818

3,697,582

3,452,543

3,443,424

3,410,269

3,339,949

3,338,426

3,324,086

3,264,328

3,255,135

3,308,716

3,248,002

2,928,769

2,900,879

2,901,167

2,803,308

2,750,752

2,664,024

2,655,548

2,580,009

2,544,784

2,103,465

2,053,784

1,968,922

1,883,545

1,764,338

1,752,229

1,694,531

1,686,009

1,649,311

1,659,240

1,507,695

1,490,718

Other Current Assets

0
0
0
0
893,200
877,200
889,400
0
884,000
901,100
918,600
0
1,059,800
1,061,900
1,075,500
0
1,106,800
1,122,100
1,217,600
1,305,200
1,331,700
1,306,800
1,329,500
1,421,400
1,423,900
1,433,000
1,473,100
1,542,400
1,567,164
1,534,327
1,561,805
1,594,803
1,648,427
1,614,207
1,706,571
1,750,391
1,742,423
1,750,612
1,784,424
1,044,689
983,883
929,826
989,644
1,000,832
990,251
1,023,539
1,144,073
1,275,606
1,261,350
1,245,152
1,322,074
2,428,927
1,406,291
1,349,565
1,371,395
1,464,695
1,536,307
1,474,380
1,529,113
1,649,501
1,675,945
1,646,438
1,647,832
1,623,073
1,547,384
1,502,947
1,512,522
1,559,313
1,528,520
1,552,331
1,572,980
1,719,486
1,713,711
1,749,915
1,759,123
1,814,917
1,897,191
1,953,071
2,052,357
311,087
201,352
656,394
684,474
672,589
567,256
645,328
615,682
553,977
275,174
280,022
589,455
664,262
571,169
552,620
676,071
566,785
406,930
533,292
625,282
440,795
513,551
705,611
775,808
856,091
835,041
843,879
782,990
851,450
760,301
1,258,994
1,011,194
928,697
339,659
-136,828
-722,538
-1,039,028
27,670
465,564
365,782
330,678
446,407
278,882
388,882
537,074

537,074

388,882

278,882

446,407

330,678

365,782

465,564

27,670

-1,039,028

-722,538

-136,828

339,659

928,697

1,011,194

1,258,994

760,301

851,450

782,990

843,879

835,041

856,091

775,808

705,611

513,551

440,795

625,282

533,292

406,930

566,785

676,071

552,620

571,169

664,262

589,455

280,022

275,174

553,977

615,682

645,328

567,256

672,589

684,474

656,394

201,352

311,087

2,052,357

1,953,071

1,897,191

1,814,917

1,759,123

1,749,915

1,713,711

1,719,486

1,572,980

1,552,331

1,528,520

1,559,313

1,512,522

1,502,947

1,547,384

1,623,073

1,647,832

1,646,438

1,675,945

1,649,501

1,529,113

1,474,380

1,536,307

1,464,695

1,371,395

1,349,565

1,406,291

2,428,927

1,322,074

1,245,152

1,261,350

1,275,606

1,144,073

1,023,539

990,251

1,000,832

989,644

929,826

983,883

1,044,689

1,784,424

1,750,612

1,742,423

1,750,391

1,706,571

1,614,207

1,648,427

1,594,803

1,561,805

1,534,327

1,567,164

1,542,400

1,473,100

1,433,000

1,423,900

1,421,400

1,329,500

1,306,800

1,331,700

1,305,200

1,217,600

1,122,100

1,106,800

1,075,500

1,061,900

1,059,800

918,600

901,100

884,000

889,400

877,200

893,200

> Long-term Assets

0
0
0
448,900
31,800
31,900
31,400
492,700
30,500
30,600
31,100
483,800
40,100
40,400
40,000
546,300
41,200
40,800
62,700
64,600
64,200
63,400
63,600
64,700
63,200
62,500
61,800
61,800
60,763
59,725
59,310
58,606
57,825
58,449
66,946
65,778
66,678
66,000
65,593
837,733
916,229
944,980
968,198
978,922
998,656
973,847
972,408
944,620
1,055,057
1,090,025
1,060,891
174,541
1,234,638
1,240,063
1,234,866
1,256,978
1,224,132
1,262,278
1,257,780
1,255,370
1,247,873
1,282,008
1,383,767
1,448,084
1,459,135
1,428,622
1,450,461
1,412,892
1,536,353
1,543,283
1,551,479
1,688,928
1,805,505
1,791,512
1,878,568
1,993,603
2,114,727
2,115,811
2,036,445
1,976,191
2,117,282
2,167,546
2,168,206
2,251,397
2,356,487
2,368,444
2,453,182
2,616,656
2,891,190
2,932,942
2,998,738
2,994,338
3,025,562
3,061,749
2,995,613
3,127,246
3,284,615
3,231,358
3,152,506
3,352,642
3,578,208
3,503,118
3,450,089
3,466,881
3,522,548
3,567,965
3,703,428
3,718,006
4,565,857
4,577,161
4,891,157
4,853,690
5,570,026
6,043,271
6,584,670
7,039,722
6,969,122
6,680,455
6,213,922
5,942,866
469,024
5,534,216
5,120,323
12,568,520

12,568,520

5,120,323

5,534,216

469,024

5,942,866

6,213,922

6,680,455

6,969,122

7,039,722

6,584,670

6,043,271

5,570,026

4,853,690

4,891,157

4,577,161

4,565,857

3,718,006

3,703,428

3,567,965

3,522,548

3,466,881

3,450,089

3,503,118

3,578,208

3,352,642

3,152,506

3,231,358

3,284,615

3,127,246

2,995,613

3,061,749

3,025,562

2,994,338

2,998,738

2,932,942

2,891,190

2,616,656

2,453,182

2,368,444

2,356,487

2,251,397

2,168,206

2,167,546

2,117,282

1,976,191

2,036,445

2,115,811

2,114,727

1,993,603

1,878,568

1,791,512

1,805,505

1,688,928

1,551,479

1,543,283

1,536,353

1,412,892

1,450,461

1,428,622

1,459,135

1,448,084

1,383,767

1,282,008

1,247,873

1,255,370

1,257,780

1,262,278

1,224,132

1,256,978

1,234,866

1,240,063

1,234,638

174,541

1,060,891

1,090,025

1,055,057

944,620

972,408

973,847

998,656

978,922

968,198

944,980

916,229

837,733

65,593

66,000

66,678

65,778

66,946

58,449

57,825

58,606

59,310

59,725

60,763

61,800

62,500

63,200

64,700

63,600

63,400

64,200

64,600

62,700

40,800

41,200

546,300

40,000

40,400

40,100

483,800

31,100

30,600

30,500

492,700

31,400

31,900

31,800

448,900

Property Plant Equipment

0
0
0
27,200
30,600
30,400
30,000
29,500
29,300
29,500
30,000
30,100
34,400
34,600
34,300
34,500
35,700
35,400
39,400
41,500
41,500
41,100
41,700
42,900
41,700
41,500
41,200
41,600
41,017
40,389
40,384
40,091
39,720
40,754
41,823
42,012
42,000
41,355
40,982
40,605
41,084
40,996
42,844
43,902
43,542
44,727
47,602
49,740
53,997
55,216
56,356
60,093
60,933
60,334
61,066
60,963
59,855
61,204
61,431
61,670
63,187
63,514
65,531
65,675
64,888
64
63,659
64,363
65,652
66,888
67,387
70,162
70,301
72,550
73,443
76,483
79,308
80,404
80,580
84,122
86,265
94,808
94,676
95,505
95,406
96,619
101,437
103,000
104,358
104,495
116,803
115,712
118,208
122,326
122,725
122,685
122,787
123,620
125,668
124,026
126,446
130,366
130,815
133,421
135,321
134,322
132,367
131,022
139,554
138,933
141,002
142,269
142,415
147,655
147,516
149,764
150,168
149,280
152,646
152,973
153,718
152,876
152,936
151,788

151,788

152,936

152,876

153,718

152,973

152,646

149,280

150,168

149,764

147,516

147,655

142,415

142,269

141,002

138,933

139,554

131,022

132,367

134,322

135,321

133,421

130,815

130,366

126,446

124,026

125,668

123,620

122,787

122,685

122,725

122,326

118,208

115,712

116,803

104,495

104,358

103,000

101,437

96,619

95,406

95,505

94,676

94,808

86,265

84,122

80,580

80,404

79,308

76,483

73,443

72,550

70,301

70,162

67,387

66,888

65,652

64,363

63,659

64,888

65,675

65,531

63,514

63,187

61,670

61,431

61,204

59,855

60,963

61,066

60,334

60,933

60,093

56,356

55,216

53,997

49,740

47,602

44,727

43,542

43,902

42,844

40,996

41,084

40,605

40,982

41,355

42,000

42,012

41,823

40,754

39,720

40,091

40,384

40,389

41,017

41,600

41,200

41,500

41,700

42,900

41,700

41,100

41,500

39,400

35,400

35,700

34,500

34,300

34,600

34,400

30,100

30,000

29,500

29,300

29,500

30,000

30,400

30,600

27,200

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
19,746
19,336
18,926
18,515
18,105
17,694
25,122
23,766
24,678
24,644
24,611
24,871
0
0
0
0
0
0
0
0
0
0
49,907
62,316
0
62,146
62,113
-66,635,398
62,113
62,113
62,113
-65,141,962
-64,831,706
-64,527,817
-64,226,080
62,112
62,113
62
62,112
62,112
62,113
62,112
62,112
71,865
71,865
71,864
71,864
71,865
71,865
71,865
71,865
71,865
71,865
94,882
94,882
94,882
94,882
94,882
94,882
94,882
94,882
96,632
139,655
139,971
139,971
139,971
139,971
139,971
139,971
139,971
139,971
139,971
171,565
171,565
171,565
171,565
171,565
171,565
171,565
171,565
0
313,481
313,481
313,481
313,481
313,481
313,481
313,481
313,481
313,481
313,481
313,481
313,481
313,481
313,481
313,481

313,481

171,565

139,971

139,655

96,632

94,882

71,865

71,864

71,865

62,112

62,113

62,112

62,113

62,112

-64,226,080

-64,527,817

-64,831,706

-65,141,962

62,113

-66,635,398

62,113

62,146

62,316

49,907

24,871

24,611

24,644

24,678

23,766

25,122

17,694

18,105

18,515

18,926

19,336

19,746

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
11,107
9,229
9,064
6,683
6,663
4,362
3,609
2,581
1,459
1,247
1,061
903
886
798
684
582
568
554
441
310
295
286
278
146
2,795,493
2,729,159
2,860,958
3,018,393
2,964,618
2,885,483
3,087,473
3,276,193
3,197,567
3,144,367
3,158,777
7,164,833
7,270,929
7,486,082
7,584,015
8,728,052
9,369,353
9,749,976
9,581,497
10,434,624
5,578,048
6,119,984
6,573,179
6,502,495
6,215,036
5,745,443
5,474,359
5,298,557
5,066,262
4,652,537
4,732,762

4,732,762

4,652,537

5,066,262

5,298,557

5,474,359

5,745,443

6,215,036

6,502,495

6,573,179

6,119,984

5,578,048

10,434,624

9,581,497

9,749,976

9,369,353

8,728,052

7,584,015

7,486,082

7,270,929

7,164,833

3,158,777

3,144,367

3,197,567

3,276,193

3,087,473

2,885,483

2,964,618

3,018,393

2,860,958

2,729,159

2,795,493

146

278

286

295

310

441

554

568

582

684

798

886

903

1,061

1,247

1,459

2,581

3,609

4,362

6,663

6,683

9,064

9,229

11,107

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19,746
19,336
18,926
18,515
18,105
17,694
25,122
23,766
24,678
24,644
24,611
24,871
24,837
24,803
24,769
24,718
24,684
24,650
31,824
40,546
53,714
54,010
53,821
68,326
67,890
67,616
67,135
66,702,100
66,319
65,942
65,567
65,207,169
64,896,603
64,592,409
64,290,370
64,003
63,781
63,565
1,239
63,152
880
728
578
72,524
547
72,307
342
72,122
213
175
136
108
98
2,366
2,547
97,485
2,600
2,547
2,547
2,477
2,310
2,407
4,641
4,478
4,198
3,959
3,758
3,632
3,464
3,149
1,384
1,172
4,004
3,620
3,342
3,118
2,850
2,586
2,340
2,102
319,234
5,884
5,394
4,911
4,499
4,087
3,689
3,298
2,978
2,658
2,352
2,053
1,825
1,597
1,369
1,141

1,141

1,369

1,597

1,825

2,053

2,352

2,658

2,978

3,298

3,689

4,087

4,499

4,911

5,394

5,884

319,234

2,102

2,340

2,586

2,850

3,118

3,342

3,620

4,004

1,172

1,384

3,149

3,464

3,632

3,758

3,959

4,198

4,478

4,641

2,407

2,310

2,477

2,547

2,600

97,485

2,547

2,366

108

136

175

213

72,122

342

72,307

547

72,524

578

728

880

63,152

1,239

63,565

63,781

64,003

64,290,370

64,592,409

64,896,603

65,207,169

65,567

65,942

66,319

66,702,100

67,135

67,616

67,890

68,326

53,821

54,010

53,714

40,546

31,824

24,650

24,684

24,718

24,769

24,803

24,837

24,871

24,611

24,644

24,678

23,766

25,122

17,694

18,105

18,515

18,926

19,336

19,746

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
3,439,299
3,412,109
3,469,065
3,492,615
4,225,481
4,381,659
0
0
0
0
0
0
0
0
0
0
0
0
0
0

4,381,659

4,225,481

3,492,615

3,469,065

3,412,109

3,439,299

Other Assets

0
0
0
385,400
0
0
0
436,100
0
0
0
492,600
0
0
0
588,800
0
0
0
0
0
0
0
0
0
0
0
0
718,672
720,896
719,423
701,159
669,831
704,318
764,855
770,623
769,970
803,731
816,674
2,830,916
2,912,634
2,973,305
3,038,057
3,071,493
3,076,350
3,054,553
3,178,160
3,259,844
3,463,398
3,515,849
3,539,152
2,908,368
3,992,757
3,955,486
3,946,203
4,107,143
4,094,578
4,112,731
4,152,270
4,325,679
4,309,809
4,366,673
4,532,355
4,660,469
4,580,497
-3,074,458
0
4,692,348
4,889,308
4,878,878
4,998,962
5,465,295
5,633,708
5,632,527
5,813,971
6,114,134
6,341,977
6,407,615
6,346,992
6,478,203
6,573,262
7,150,151
7,243,841
7,473,605
7,637,514
7,814,800
8,028,993
8,464,858
8,916,562
9,048,178
9,466,383
9,659,408
9,550,747
9,676,739
9,682,349
9,937,177
10,214,985
10,178,750
10,161,670
10,607,357
11,145,657
11,188,588
11,021,320
11,198,735
11,468,443
11,547,258
11,817,267
11,980,233
9,701,091
10,339,817
10,567,652
10,904,500
12,102,887
12,329,083
12,543,258
13,102,461
-755,170
-100,843
785,197
1,226,163
7,015,530
7,012,364
7,268,810
0

7,268,810

7,012,364

7,015,530

1,226,163

785,197

-100,843

-755,170

13,102,461

12,543,258

12,329,083

12,102,887

10,904,500

10,567,652

10,339,817

9,701,091

11,980,233

11,817,267

11,547,258

11,468,443

11,198,735

11,021,320

11,188,588

11,145,657

10,607,357

10,161,670

10,178,750

10,214,985

9,937,177

9,682,349

9,676,739

9,550,747

9,659,408

9,466,383

9,048,178

8,916,562

8,464,858

8,028,993

7,814,800

7,637,514

7,473,605

7,243,841

7,150,151

6,573,262

6,478,203

6,346,992

6,407,615

6,341,977

6,114,134

5,813,971

5,632,527

5,633,708

5,465,295

4,998,962

4,878,878

4,889,308

4,692,348

-3,074,458

4,580,497

4,660,469

4,532,355

4,366,673

4,309,809

4,325,679

4,152,270

4,112,731

4,094,578

4,107,143

3,946,203

3,955,486

3,992,757

2,908,368

3,539,152

3,515,849

3,463,398

3,259,844

3,178,160

3,054,553

3,076,350

3,071,493

3,038,057

2,973,305

2,912,634

2,830,916

816,674

803,731

769,970

770,623

764,855

704,318

669,831

701,159

719,423

720,896

718,672

588,800

492,600

436,100

385,400

> Total Liabilities

0
0
0
834,200
905,100
885,900
887,000
1,005,900
932,400
943,700
914,600
1,005,900
1,066,100
1,060,900
1,074,600
1,130,900
1,172,900
1,181,300
1,371,500
1,425,300
1,393,300
1,382,200
1,366,500
1,517,200
1,504,900
1,491,200
1,510,900
1,544,700
1,526,010
1,486,524
1,507,485
1,557,693
1,582,204
1,544,710
1,647,975
1,716,040
1,667,867
1,682,825
1,715,164
1,754,415
1,756,207
1,777,146
1,820,770
1,841,085
1,814,319
1,831,405
1,941,420
2,049,679
2,141,776
2,151,814
2,201,943
2,457,551
2,477,490
2,435,651
2,418,214
2,549,263
2,562,237
2,543,936
2,572,489
2,734,814
2,710,177
2,740,755
2,798,171
2,843,602
2,739,823
2,689
2,660,659
2,863,754
2,929,134
2,904,597
2,996,552
3,334,679
3,371,988
3,363,310
3,436,204
3,611,994
3,710,245
3,757,541
3,760,635
3,945,049
3,891,728
4,406,741
4,507,394
4,634,561
4,664,461
4,806,320
4,917,046
5,166,665
5,319,124
5,414,043
5,675,611
5,860,084
5,686,577
5,748,832
5,818,792
5,972,046
6,071,016
6,059,950
6,102,608
6,331,947
6,597,635
6,699,842
6,575,492
6,678,559
6,838,373
6,814,545
6,908,741
7,035,030
8,174,729
8,757,368
8,948,151
9,226,310
10,437,459
10,608,714
10,809,523
11,343,237
11,825,451
11,931,194
11,977,729
11,708,329
632,927
587,656
751,544
11,606,694

11,606,694

751,544

587,656

632,927

11,708,329

11,977,729

11,931,194

11,825,451

11,343,237

10,809,523

10,608,714

10,437,459

9,226,310

8,948,151

8,757,368

8,174,729

7,035,030

6,908,741

6,814,545

6,838,373

6,678,559

6,575,492

6,699,842

6,597,635

6,331,947

6,102,608

6,059,950

6,071,016

5,972,046

5,818,792

5,748,832

5,686,577

5,860,084

5,675,611

5,414,043

5,319,124

5,166,665

4,917,046

4,806,320

4,664,461

4,634,561

4,507,394

4,406,741

3,891,728

3,945,049

3,760,635

3,757,541

3,710,245

3,611,994

3,436,204

3,363,310

3,371,988

3,334,679

2,996,552

2,904,597

2,929,134

2,863,754

2,660,659

2,689

2,739,823

2,843,602

2,798,171

2,740,755

2,710,177

2,734,814

2,572,489

2,543,936

2,562,237

2,549,263

2,418,214

2,435,651

2,477,490

2,457,551

2,201,943

2,151,814

2,141,776

2,049,679

1,941,420

1,831,405

1,814,319

1,841,085

1,820,770

1,777,146

1,756,207

1,754,415

1,715,164

1,682,825

1,667,867

1,716,040

1,647,975

1,544,710

1,582,204

1,557,693

1,507,485

1,486,524

1,526,010

1,544,700

1,510,900

1,491,200

1,504,900

1,517,200

1,366,500

1,382,200

1,393,300

1,425,300

1,371,500

1,181,300

1,172,900

1,130,900

1,074,600

1,060,900

1,066,100

1,005,900

914,600

943,700

932,400

1,005,900

887,000

885,900

905,100

834,200

> Total Current Liabilities

0
0
0
0
905,100
885,900
887,000
1,005,900
932,400
943,700
914,600
1,005,900
1,066,100
1,060,800
1,074,600
1,130,900
1,172,900
1,181,300
1,371,500
0
2,600
1,100
200
0
300
4,600
3,200
9,600
13,109
14,486
25,831
26,164
25,441
12,587
23,226
0
0
0
0
0
0
0
0
0
0
0
0
35,692
43,520
38,279
63,374
74,239
86,384
110,842
118,045
143,244
111,614
147,110
168,676
166,266
163,123
149,895
196,839
235,598
166,347
176,673
160,401
146,094
189,095
159,480
178,097
178,356
192,171
192,364
180,790
207,756
237,567
251,428
254,480
259,697
263,345
431,575
466,500
463,888
383,220
434,583
341,909
367,110
401,898
621,155
500,903
5,200,727
525,340
556,924
513,759
5,490,436
5,673,872
5,639,181
524,357
5,975,550
6,203,352
6,224,818
6,159,498
6,194,616
6,455,662
6,748,065
6,814,137
7,001,468
8,085,397
8,625,328
8,816,527
9,124,394
9,980,551
10,521,501
10,716,032
11,237,640
11,758,420
4,851,345
4,954,320
4,707,520
4,527,139
4,170,800
4,236,274
3,844,326

3,844,326

4,236,274

4,170,800

4,527,139

4,707,520

4,954,320

4,851,345

11,758,420

11,237,640

10,716,032

10,521,501

9,980,551

9,124,394

8,816,527

8,625,328

8,085,397

7,001,468

6,814,137

6,748,065

6,455,662

6,194,616

6,159,498

6,224,818

6,203,352

5,975,550

524,357

5,639,181

5,673,872

5,490,436

513,759

556,924

525,340

5,200,727

500,903

621,155

401,898

367,110

341,909

434,583

383,220

463,888

466,500

431,575

263,345

259,697

254,480

251,428

237,567

207,756

180,790

192,364

192,171

178,356

178,097

159,480

189,095

146,094

160,401

176,673

166,347

235,598

196,839

149,895

163,123

166,266

168,676

147,110

111,614

143,244

118,045

110,842

86,384

74,239

63,374

38,279

43,520

35,692

23,226

12,587

25,441

26,164

25,831

14,486

13,109

9,600

3,200

4,600

300

200

1,100

2,600

1,371,500

1,181,300

1,172,900

1,130,900

1,074,600

1,060,800

1,066,100

1,005,900

914,600

943,700

932,400

1,005,900

887,000

885,900

905,100

Short-term Debt

0
0
0
0
200
100
200
0
100
200
100
0
100
100
100
0
0
0
6,200
0
2,600
1,100
200
0
300
4,600
3,200
9,600
13,109
14,486
25,831
26,164
25,441
12,587
23,226
0
0
0
0
0
0
0
0
0
0
0
0
35,692
43,520
38,279
63,374
74,239
86,384
110,842
118,045
143,244
111,614
147,110
168,676
166,266
163,123
149,895
196,839
235,598
166,347
177
160,401
146,094
189,095
159,480
178,097
178,356
192,171
192,364
180,790
207,756
237,567
251,428
254,480
259,697
263,345
431,575
466,500
463,888
383,220
434,583
341,909
367,110
401,898
621,155
500,903
615,675
525,340
556,924
513,759
445,770
360,264
379,324
524,357
331,000
372,155
456,935
380,760
0
90,677
362,005
400,155
381,356
857,871
449,224
503,163
500,903
548,604
549,969
648,679
671,152
758,595
747,311
753,528
621,454
611,874
566,603
730,491
383,028

383,028

730,491

566,603

611,874

621,454

753,528

747,311

758,595

671,152

648,679

549,969

548,604

500,903

503,163

449,224

857,871

381,356

400,155

362,005

90,677

380,760

456,935

372,155

331,000

524,357

379,324

360,264

445,770

513,759

556,924

525,340

615,675

500,903

621,155

401,898

367,110

341,909

434,583

383,220

463,888

466,500

431,575

263,345

259,697

254,480

251,428

237,567

207,756

180,790

192,364

192,171

178,356

178,097

159,480

189,095

146,094

160,401

177

166,347

235,598

196,839

149,895

163,123

166,266

168,676

147,110

111,614

143,244

118,045

110,842

86,384

74,239

63,374

38,279

43,520

35,692

23,226

12,587

25,441

26,164

25,831

14,486

13,109

9,600

3,200

4,600

300

200

1,100

2,600

6,200

100

200

100

200

100

200

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,010
0
0
0
615,675
0
556,924
513,759
445,770
360,264
379,324
351,435
331,000
372,155
456,935
380,760
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

380,760

456,935

372,155

331,000

351,435

379,324

360,264

445,770

513,759

556,924

615,675

1,010

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,499,590
1,460,346
1,469,332
1,519,874
1,541,048
1,518,466
1,606,070
1,685,163
1,629,914
1,647,869
1,672,523
1,711,562
1,723,405
1,743,818
1,788,343
1,796,271
1,774,280
1,747,394
1,847,398
1,994,312
2,077,934
2,094,073
2,121,210
2,366,277
2,369,119
2,306,623
2,280,535
2,384,024
2,425,843
2,376,751
2,382,601
2,546,083
2,504,682
2,568,621
2,563,552
2,582,753
2,521,715
2,472,515
2,458,903
2,684,757
2,690,114
7,088
7,090
7,120
7,125
7,548
7,549
7,550
7,553
7,870
7,872
3,632,584
7,879
8,311
8,314
8,318
8,318
8,968
8,969
8,972
8,980
10,265
10,551
10,558
10,567
11,891
11,891
11,897
11,904
12,572
12,580
12,589
12,589
14,211
14,216
14,227
14,244
16,294
16,299
16,306
17,060
18,462
18,476
18,484
18,500
9,781,694
9,893,117
10,566,488
10,999,825
11,122,983
11,142,118
24,278
24,274
0
2,500
0

2,500

24,274

24,278

11,142,118

11,122,983

10,999,825

10,566,488

9,893,117

9,781,694

18,500

18,484

18,476

18,462

17,060

16,306

16,299

16,294

14,244

14,227

14,216

14,211

12,589

12,580

12,572

11,904

11,897

11,891

10,567

10,558

10,551

10,265

8,980

8,972

8,969

8,968

8,318

8,314

8,311

7,879

3,632,584

7,872

7,870

7,553

7,550

7,549

7,548

7,125

7,120

7,090

7,088

2,690,114

2,684,757

2,458,903

2,472,515

2,521,715

2,582,753

2,563,552

2,568,621

2,504,682

2,546,083

2,382,601

2,376,751

2,425,843

2,384,024

2,280,535

2,306,623

2,369,119

2,366,277

2,121,210

2,094,073

2,077,934

1,994,312

1,847,398

1,747,394

1,774,280

1,796,271

1,788,343

1,743,818

1,723,405

1,711,562

1,672,523

1,647,869

1,629,914

1,685,163

1,606,070

1,518,466

1,541,048

1,519,874

1,469,332

1,460,346

1,499,590

Other Current Liabilities

0
0
0
0
904,900
885,800
886,800
1,005,900
932,300
943,500
914,500
1,005,900
1,066,000
1,060,700
1,074,500
1,130,900
1,172,900
1,181,300
1,365,300
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
176,496
0
0
0
2,706,228
2,738,645
3,113,301
3,131,891
3,119,441
3,186,606
3,334,798
3,398,072
3,392,180
3,444,398
3,632,584
3,550,126
3,917,589
4,000,557
4,135,075
4,234,281
4,318,458
4,464,364
4,750,255
4,837,007
4,727,419
5,097,283
5,190,169
5,063,807
5,056,289
5,235,464
5,478,539
5,661,968
5,626,609
5,697,460
5,962,961
6,190,763
6,210,607
6,145,282
6,180,389
6,350,741
6,369,766
6,397,683
6,603,806
7,210,466
8,157,642
8,294,888
8,675,817
9,413,447
189,838
174,236
10,566,488
10,999,825
4,104,034
4,200,792
4,086,066
3,915,265
3,604,197
3,477,553
3,461,298

3,461,298

3,477,553

3,604,197

3,915,265

4,086,066

4,200,792

4,104,034

10,999,825

10,566,488

174,236

189,838

9,413,447

8,675,817

8,294,888

8,157,642

7,210,466

6,603,806

6,397,683

6,369,766

6,350,741

6,180,389

6,145,282

6,210,607

6,190,763

5,962,961

5,697,460

5,626,609

5,661,968

5,478,539

5,235,464

5,056,289

5,063,807

5,190,169

5,097,283

4,727,419

4,837,007

4,750,255

4,464,364

4,318,458

4,234,281

4,135,075

4,000,557

3,917,589

3,550,126

3,632,584

3,444,398

3,392,180

3,398,072

3,334,798

3,186,606

3,119,441

3,131,891

3,113,301

2,738,645

2,706,228

176,496

1,365,300

1,181,300

1,172,900

1,130,900

1,074,500

1,060,700

1,066,000

1,005,900

914,500

943,500

932,300

1,005,900

886,800

885,800

904,900

> Long-term Liabilities

0
0
0
0
1,100
1,100
1,100
0
0
0
0
0
0
0
0
0
0
0
0
4,700
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,391,106
2,324,809
2,300,168
2,406,019,129
2,450,623
2,396,826
2,403,813
2,568,547,524
2,547,054,182
2,590,859,822
2,601,332,554
2,608,004,158
0
2,512,003,509
2,500,257,557
2,717,660
2,740,039
2,745,117
2,818,455
3,156,323
3,179,817
3,170,946
3,255,414
3,404,238
3,472,678
3,506,113
3,506,155
3,685,352
3,628,383
3,975,166
4,040,894
4,170,673
4,281,241
4,371,737
4,575,137
4,799,555
15,983
265,036
170,028
299,020
175,000
210,000
160,000
75,000
360,264
50,000
351,435
331,000
372,155
60,000
380,760
55,000
382,711
362,005
35,000
381,356
446,000
449,224
30,000
430,093
548,604
549,969
648,679
21,053
21,053
21,053
11,977,729
11,708,329
632,927
587,656
751,544
7,762,368

7,762,368

751,544

587,656

632,927

11,708,329

11,977,729

21,053

648,679

549,969

548,604

430,093

30,000

449,224

446,000

381,356

35,000

362,005

382,711

55,000

380,760

60,000

372,155

331,000

351,435

50,000

360,264

75,000

160,000

210,000

175,000

299,020

170,028

265,036

15,983

4,799,555

4,575,137

4,371,737

4,281,241

4,170,673

4,040,894

3,975,166

3,628,383

3,685,352

3,506,155

3,506,113

3,472,678

3,404,238

3,255,414

3,170,946

3,179,817

3,156,323

2,818,455

2,745,117

2,740,039

2,717,660

2,500,257,557

2,512,003,509

2,608,004,158

2,601,332,554

2,590,859,822

2,547,054,182

2,568,547,524

2,403,813

2,396,826

2,450,623

2,406,019,129

2,300,168

2,324,809

2,391,106

4,700

1,100

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
615,675
0
0
0
445,770
360,264
379,324
351,435
331,000
372,155
456,935
380,760
468,706
382,711
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

382,711

468,706

380,760

456,935

372,155

331,000

351,435

379,324

360,264

445,770

615,675

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,311
11,692
12,321
11,655
15,715
13,657
18,679
11,030
14,585
12,607
14,175
16,144
20,312
21,272
18,493
15,838
24,601
17,316
22,021
19,675
20,322
19,463
17,359
17,035
21,987
18,186
19,634
21,996
24,780
20,075
21,212
22,465
42,373
22,238
37,780
25,252
51,761
39,488
41,355
32,903
49,925
38,889
79,810
43,022
47,927
51,505
68,808
69,440
74,606
113,933
61,757
52,768
78,257
57,577
40,337
35,598
46,960
53,279
110,773
49,300
80,219
65,469
77,425
54,240
97,430
135,619
69,569
47,737
48,784
54,017
53,713
37,986
34,717
18,089
35,234
14,834
90,376
66,226
94,604
33,410
86,132
130,941
130,752
120,400
475,408
87,213
93,491
105,597
67,031
39,847
61,030
35,963
41,098
37,182
66,741
0

66,741

37,182

41,098

35,963

61,030

39,847

67,031

105,597

93,491

87,213

475,408

120,400

130,752

130,941

86,132

33,410

94,604

66,226

90,376

14,834

35,234

18,089

34,717

37,986

53,713

54,017

48,784

47,737

69,569

135,619

97,430

54,240

77,425

65,469

80,219

49,300

110,773

53,279

46,960

35,598

40,337

57,577

78,257

52,768

61,757

113,933

74,606

69,440

68,808

51,505

47,927

43,022

79,810

38,889

49,925

32,903

41,355

39,488

51,761

25,252

37,780

22,238

42,373

22,465

21,212

20,075

24,780

21,996

19,634

18,186

21,987

17,035

17,359

19,463

20,322

19,675

22,021

17,316

24,601

15,838

18,493

21,272

20,312

16,144

14,175

12,607

14,585

11,030

18,679

13,657

15,715

11,655

12,321

11,692

13,311

> Total Stockholder Equity

0
0
0
90,400
98,300
99,600
101,600
103,900
106,400
109,900
112,400
114,900
122,700
125,100
128,100
131,200
134,000
137,200
140,400
148,200
151,500
154,900
159,900
169,400
172,200
173,300
176,600
178,700
182,413
186,184
189,487
196,121
201,876
206,648
213,351
213,654
217,218
227,715
237,924
238,768
240,198
251,180
249,089
251,487
263,375
249,302
264,332
265,545
266,565
274,010
276,318
276,276
280,628
279,772
293,123
300,901
308,209
306,516
322,002
335,495
351,759
343,911
350,417
368,782
381,539
389
415,534
415,702
423,821
430,998
450,931
441,688
456,215
477,705
499,199
508,537
517,005
534,263
549,912
556,963
564,252
575,864
568,241
587,647
616,566
640,036
658,765
681,537
706,248
701,193
792,034
804,986
838,608
866,158
867,944
837,885
859,354
887,442
906,556
922,768
969,814
985,628
995,739
1,053,295
1,107,522
1,164,748
1,205,098
1,227,197
1,526,362
1,582,449
1,619,501
1,678,190
1,665,428
1,720,369
1,733,735
1,759,224
1,488,749
1,329,018
1,132,615
1,265,737
1,372,853
1,367,233
1,240,110
1,498,900

1,498,900

1,240,110

1,367,233

1,372,853

1,265,737

1,132,615

1,329,018

1,488,749

1,759,224

1,733,735

1,720,369

1,665,428

1,678,190

1,619,501

1,582,449

1,526,362

1,227,197

1,205,098

1,164,748

1,107,522

1,053,295

995,739

985,628

969,814

922,768

906,556

887,442

859,354

837,885

867,944

866,158

838,608

804,986

792,034

701,193

706,248

681,537

658,765

640,036

616,566

587,647

568,241

575,864

564,252

556,963

549,912

534,263

517,005

508,537

499,199

477,705

456,215

441,688

450,931

430,998

423,821

415,702

415,534

389

381,539

368,782

350,417

343,911

351,759

335,495

322,002

306,516

308,209

300,901

293,123

279,772

280,628

276,276

276,318

274,010

266,565

265,545

264,332

249,302

263,375

251,487

249,089

251,180

240,198

238,768

237,924

227,715

217,218

213,654

213,351

206,648

201,876

196,121

189,487

186,184

182,413

178,700

176,600

173,300

172,200

169,400

159,900

154,900

151,500

148,200

140,400

137,200

134,000

131,200

128,100

125,100

122,700

114,900

112,400

109,900

106,400

103,900

101,600

99,600

98,300

90,400

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
99,700
99,743
99,765
99,772
99,830
98,522
123,195
123,241
123,333
123,452
123,541
123,589
123,642
154,593
154,714
154,758
154,807
154,863
154,944
155,015
155,116
206,886
206,976
207,045
207,144
207,175
207
207
207
208
208
208
208
208
208
208
208
208
208
208
208
208
208
208
209
314
314
314
314
315
315
315
315
315
320
320
320
640
640
641
641
641
642
659
660
660
661
661
661
661
662
662
663
676
677
677
678
1,356
1,358
1,358
1,359
1,423
1,420
1,421
1,422
1,423
1,424
1,425
1,425
1,427
1,426
1,426
1,427
1,427
1,427
1,427
1,427

1,427

1,426

1,427

1,425

1,424

1,423

1,422

1,421

1,420

1,423

1,359

1,358

1,356

678

677

676

663

662

661

660

659

642

641

640

320

315

314

209

208

207

207,175

207,144

207,045

206,976

206,886

155,116

155,015

154,944

154,863

154,807

154,758

154,714

154,593

123,642

123,589

123,541

123,452

123,333

123,241

123,195

98,522

99,830

99,772

99,765

99,743

99,700

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
128,863
138,002
146,397
155,462
164,417
174,955
184,871
195,074
205,554
217,483
227,927
238,625
249,804
261,052
273,972
287,670
299,902
314,363
327,978
342,995
358,037
373,372
388,006
403,135
418,053
431,765
446,534
461,229
476,912
493,706
517,257
533,427
556,615
582,449
606,658
629,988
655,794
682,575
707,656
727,828
762,830
797,202
836,729
875,147
910,171
947,724
981,675
1,016,239
1,052,453
1,087,543
1,121,945
1,150,246
0
0
0

1,150,246

1,121,945

1,087,543

1,052,453

1,016,239

981,675

947,724

910,171

875,147

836,729

797,202

762,830

727,828

707,656

682,575

655,794

629,988

606,658

582,449

556,615

533,427

517,257

493,706

476,912

461,229

446,534

431,765

418,053

403,135

388,006

373,372

358,037

342,995

327,978

314,363

299,902

287,670

273,972

261,052

249,804

238,625

227,927

217,483

205,554

195,074

184,871

174,955

164,417

155,462

146,397

138,002

128,863

Accumulated Other Comprehensive Income

0
0
0
0
0
-700
-900
-700
-500
-300
-200
-200
-400
-500
-500
-300
-400
-100
200
400
400
500
2,200
1,500
800
-1,900
-2,400
-4,100
-4,097
-4,202
-1,764
1,620
3,890
5,023
7,829
4,122
3,029
9,145
14,893
11,390
8,651
15,055
8,560
7,150
13,650
-4,481
5,835
4,356
-1,467
1,151
-1,504
-6,423
-10,441
-13,978
-5,872
-3,670
-1,892
-10,320
-568
6,988
16,490
1,907
2,023
10,850
16,793
17,286
36,590
31,077
31,979
31,840
42,366
20,453
29,497
41,698
52,519
47,225
49,705
56,356
59,901
51,309
47,190
23,777
4,549
10,364
24,381
35,186
38,895
47,489
56,250
35,751
50,559
47,395
64,841
76,843
64,348
18,445
24,441
35,477
35,902
26,786
-2,157
-11,395
-27,976
2,845
30,506
59,247
72,197
67,506
123,576
151,236
152,063
170,395
117,009
136,486
109,447
99,253
-209,582
-400,514
-632,421
-535,228
-458,249
-490,280
-639,934
-391,443

-391,443

-639,934

-490,280

-458,249

-535,228

-632,421

-400,514

-209,582

99,253

109,447

136,486

117,009

170,395

152,063

151,236

123,576

67,506

72,197

59,247

30,506

2,845

-27,976

-11,395

-2,157

26,786

35,902

35,477

24,441

18,445

64,348

76,843

64,841

47,395

50,559

35,751

56,250

47,489

38,895

35,186

24,381

10,364

4,549

23,777

47,190

51,309

59,901

56,356

49,705

47,225

52,519

41,698

29,497

20,453

42,366

31,840

31,979

31,077

36,590

17,286

16,793

10,850

2,023

1,907

16,490

6,988

-568

-10,320

-1,892

-3,670

-5,872

-13,978

-10,441

-6,423

-1,504

1,151

-1,467

4,356

5,835

-4,481

13,650

7,150

8,560

15,055

8,651

11,390

14,893

9,145

3,029

4,122

7,829

5,023

3,890

1,620

-1,764

-4,202

-4,097

-4,100

-2,400

-1,900

800

1,500

2,200

500

400

200

-100

-400

-300

-500

-400

-200

-300

-500

-700

-900

-700

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
270,087
270,355
274,629
275,256
275,670
275,887
276,127
276,623
276,801
277,121
277,412
278,122
301,963
302,320
302,991
303,875
304,308
304,866
305,429
306,362
306,763
367,444
368,925
369,972
370,601
371,170
372,245
373,023
374,391
376,286
378,062
437,868
439,731
440,589
443,114
445,672
448,349
448,968
450,676
673,535
666,963
668,815
669,644
671,849
672,288
675,139
676,871
680,665
675,653
676,067
677,593
679,429
0
0
0

679,429

677,593

676,067

675,653

680,665

676,871

675,139

672,288

671,849

669,644

668,815

666,963

673,535

450,676

448,968

448,349

445,672

443,114

440,589

439,731

437,868

378,062

376,286

374,391

373,023

372,245

371,170

370,601

369,972

368,925

367,444

306,763

306,362

305,429

304,866

304,308

303,875

302,991

302,320

301,963

278,122

277,412

277,121

276,801

276,623

276,127

275,887

275,670

275,256

274,629

270,355

270,087

Treasury Stock

-8,697

-8,437

-8,222

-8,042

-7,823

-7,660

-7,507

-7,512

-7,419

-7,291

-7,148

-7,028

-6,948

-6,790

-6,671

-6,566

-6,517

-6,409

-6,296

-6,207

-6,110

-6,005

-5,878

-5,797

-5,723

-5,618

-5,490

-5,364

-5,259

-5,138

-5,007

-4,908

-4,763

-4,712

-4,597

-4,476

-4,394

-4,314

-4,207

-4,115

-4,038

-3,946

-3,833

-3,746

-3,671

-3,580

-3,500

-3,411

-3,344

-3,256

-3,170

-3,130

-3,060

-2,990

-2,911

-2,837

-2,790

-2,700

-82

-3,925

-3,093

Other Stockholders Equity

0
0
0
51,100
55,600
86,600
86,800
86,800
86,900
87,000
86,900
87,000
90,400
103,700
104,000
104,100
104,100
121,100
121,100
122,800
122,900
123,000
123,000
159,900
160,000
160,100
160,100
56,500
56,421
56,334
55,684
58,288
61,598
62,744
65,565
61,946
60,915
67,126
72,912
58,088
58,104
58,173
58,216
58,253
58,293
58,371
58,432
56,239
56,232
56,194
56,123
56,120
58,793
263,211
263,271
263,360
263,653
263,762
263,889
263,966
264,216
264,418
264,517
268,087
268,271
268,608
269,073
269,294
269,880
270,087
270,355
274,629
270,942
271,276
271,411
276,127
271,911
272,038
272,213
277,412
278,122
301,963
302,320
302,991
303,875
304,308
304,866
305,429
306,362
306,763
367,444
368,925
369,972
370,601
371,170
372,245
373,023
374,391
376,286
378,062
437,868
439,731
440,589
443,114
445,672
448,349
448,968
450,676
673,535
666,963
668,815
669,644
671,849
672,288
675,139
676,871
680,665
675,653
676,067
677,593
679,429
680,676
679,374
669,391

669,391

679,374

680,676

679,429

677,593

676,067

675,653

680,665

676,871

675,139

672,288

671,849

669,644

668,815

666,963

673,535

450,676

448,968

448,349

445,672

443,114

440,589

439,731

437,868

378,062

376,286

374,391

373,023

372,245

371,170

370,601

369,972

368,925

367,444

306,763

306,362

305,429

304,866

304,308

303,875

302,991

302,320

301,963

278,122

277,412

272,213

272,038

271,911

276,127

271,411

271,276

270,942

274,629

270,355

270,087

269,880

269,294

269,073

268,608

268,271

268,087

264,517

264,418

264,216

263,966

263,889

263,762

263,653

263,360

263,271

263,211

58,793

56,120

56,123

56,194

56,232

56,239

58,432

58,371

58,293

58,253

58,216

58,173

58,104

58,088

72,912

67,126

60,915

61,946

65,565

62,744

61,598

58,288

55,684

56,334

56,421

56,500

160,100

160,000

159,900

123,000

122,900

122,800

121,100

104,100

104,000

103,700

90,400

87,000

86,900

87,000

86,900

86,800

86,600

55,600

51,100

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31
Accounts Payable	0	24,278	10,566,488	18,484	16,306	14,227	12,589	11,897	10,558	8,972	8,318	3,632,584	7,550	7,120	2,684,757	2,582,753	2,546,083	2,384,024	2,366,277	1,994,312	1,796,271	1,711,562	1,685,163	1,519,874	0	0	0	0	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-391,443	-535,228	99,253	170,395	67,506	2,845	26,786	18,445	47,395	47,489	10,364	51,309	47,225	20,453	31,077	10,850	6,988	-3,670	-6,423	4,356	7,150	11,390	4,122	1,620	-4,100	1,500	400	-300	-200	-700	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,427	1,427	1,425	1,422	1,359	678	0	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	677,593	676,871	669,644	450,676	443,114	378,062	372,245	368,925	305,429	302,991	277,412	276,127	274,629	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	536,591	330,678	528,588	729,084	279,454	250,105	373,805	255,063	272,571	261,713	240,499	395,699	312,011	367,953	307,253	141,228	165,438	128,492	130,359	94,998	112,817	110,761	113,524	100,405	119,200	200,500	203,700	126,900	85,900	83,800	90,300
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	5,014,116	5,805,037	7,101,767	5,122,113	3,692,771	3,408,882	3,461,278	3,115,900	3,006,470	2,677,569	2,298,222	2,214,734	312,011	367,953	307,251	141,228	165,438	128,492	130,359	94,998	112,817	110,761	113,524	100,405	119,200	200,500	203,700	126,900	85,900	83,800	90,300
Common Stock	1,427	1,427	1,425	1,422	1,359	678	663	661	660	641	320	315	314	209	208	208	208	207	207,144	155,116	154,807	123,642	123,333	99,830	99,700	0	0	0	0	0	0
Common Stock Shares Outstanding	142,939	143,208	143,134	142,545	136,346	135,966	132,649	132,206	130,136	128,617	127,714	126,005	125,848	125,278	125,025	125,048	124,764	124,966	124,593	124,350	124,419	155,031	154,494	124,627	124,997	124,997	118,960	115,486	108,078	107,375	458,365
Common Stock Total Equity	0	1,427	1,425	1,422	1,359	678	663	661	660	641	320	315	314	209	208	208	208	207	207,144	155,116	154,807	123,642	123,333	99,830	99,700	0	0	0	0	0	0
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	3,492,615	3,222,719	3,266,825	2,941,267	2,864,961	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	313,481	313,481	313,481	313,481	171,565	171,565	139,971	139,971	139,971	94,882	94,882	71,865	71,865	71,865	62,112	62,112	-65,141,962	-66,635,398	62,316	0	0	24,871	23,766	18,515	0	0	0	0	0	0	0
Intangible Assets	314,622	2,053	3,298	4,911	2,102	3,118	1,172	3,632	4,478	2,477	97,485	108	257	659	1,040	1,891	65,207,169	66,702,100	68,326	40,546	24,718	24,871	23,766	18,515	0	0	0	0	0	0	0
Inventory	0	0	2,477	142	1,009	577	1,532	644	627	9,838	8,232	15,022	20,093	21,468	7,856	57,324	37,302	453	705	779	1,420	536	1,031	546	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	13,105,594	12,974,066	13,102,461	10,904,500	8,262,227	7,731,854	7,254,715	6,809,931	6,665,070	5,848,202	5,222,208	4,502,012	4,120,531	3,776,367	3,279,456	3,212,385	3,070,309	2,850,165	2,733,827	2,315,224	2,092,571	1,993,183	1,929,694	1,753,814	1,723,400	1,686,600	1,573,500	1,262,000	1,062,300	1,012,600	924,600
Long Term Debt	21,053	642,507	671,152	430,093	381,356	468,706	331,000	445,770	615,675	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	468,706	331,000	445,770	615,675	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	4,732,762	5,474,359	6,573,179	9,581,497	7,584,015	3,158,777	3,087,473	2,860,958	278	441	684	1,061	3,609	9,064	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
Net Debt	-132,510	311,829	142,564	-298,991	101,902	218,601	-42,805	190,707	343,104	105,397	223,389	-136,002	-104,255	-189,597	-161,159	94,370	828	14,753	-56,120	-59,307	-83,817	-84,061	-93,724	-74,240	-109,600	-200,100	-199,000	-126,900	-85,900	-83,800	-90,300
Net Invested Capital	1,519,953	642,507	671,152	430,093	381,356	1,108,295	331,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	0	0	0	0	4,194,969	3,924,106	3,452,543	3,338,426	3,308,716	2,901,167	2,655,548	2,053,784	1,752,229	1,659,240	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Tangible Assets	0	950,203	1,442,445	1,359,798	1,053,530	878,612	781,625	694,282	660,537	584,178	490,162	484,990	436,415	369,164	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-3,307,252	1,097,517	2,650,050	1,690,839	1,229,981	-1,929,643	-2,073,477	-1,807,751	-1,529,995	2,864,436	2,506,923	2,266,124	1,919,172	1,909,083	1,720,470	1,528,702	1,648,673	1,449,942	2,485,047	1,334,913	0	0	0	1,669,044	1,652,000	0	88,300	-1,004,000	-861,500	-824,900	0
Non Current Assets Total	12,568,520	5,942,866	7,039,722	4,853,690	3,718,006	3,466,881	3,352,642	3,127,246	2,994,338	2,616,656	2,251,397	1,976,191	1,993,603	1,688,928	1,412,892	1,448,084	1,255,370	1,256,978	174,541	944,620	978,922	837,733	65,778	58,606	61,800	64,700	64,600	546,300	483,800	492,700	448,900
Non Current Liabilities Other	0	36,037	84,209	101,916	33,562	15,237	25,397	35,840	43,682	40,328	27,280	52,768	61,890	35,902	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	7,762,368	11,708,329	671,152	430,093	381,356	55,000	331,000	75,000	299,020	4,799,555	4,170,673	3,685,352	3,404,238	3,156,323	2,717,660	2,608,004,158	2,568,547,524	2,406,019,129	0	0	0	0	0	0	0	0	4,700	0	0	0	0
Non Currrent Assets Other	294,611	-5,942,866	-7,039,722	-4,853,690	-3,718,006	-171,565	-139,971	-139,971	-139,971	-94,882	701,076	-71,865	-71,865	-71,865	-62,112	-62,112	65,207	66,702	68,326	40,546	24,718	24,871	23,766	18,515	20,200	21,800	23,100	-546,300	-483,800	-492,700	-448,900
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
Other Assets	0	1,226,163	-1,039,028	928,697	851,450	11,198,735	10,607,357	9,937,177	9,659,408	8,464,858	7,473,605	6,478,203	6,114,134	5,465,295	4,692,348	0	4,325,679	4,107,143	2,908,368	3,259,844	3,071,493	2,830,916	26,194	28,937	0	0	0	588,800	492,600	436,100	385,400
Other Current Assets	537,074	330,678	531,065	729,084	282,604	856,091	440,795	566,785	664,262	553,977	672,589	311,087	1,814,917	1,719,486	1,559,313	1,623,073	1,649,501	1,464,695	2,428,927	1,275,606	1,000,832	1,044,689	1,750,391	1,594,803	1,542,400	1,421,400	1,305,200	0	0	0	0
Other Current Liab	3,461,298	4,086,066	3,801,618	3,001,181	2,081,434	6,180,389	5,962,961	5,478,539	5,190,169	4,750,255	4,135,075	3,632,584	3,334,798	3,113,301	0	0	0	0	0	0	0	0	0	0	0	0	1,420,600	1,130,900	947,400	908,700	0
Other Liab	0	35,963	105,597	120,400	33,410	14,834	25,397	35,840	43,682	49,300	35,598	52,768	69,440	43,022	32,903	25,252	22,465	21,996	17,035	19,675	15,838	16,144	11,030	11,655	0	0	0	0	0	0	0
Other Stockholder Equity	669,391	677,593	676,871	669,644	450,676	443,114	378,062	372,245	368,925	305,429	302,991	277,412	276,127	274,629	269,294	268,087	263,966	263,360	56,120	56,239	58,253	58,088	61,946	58,288	56,500	159,900	122,800	104,100	87,000	86,800	51,100
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Property Plant And Equipment Gross	272,511	268,738	257,762	142,269	131,022	133,421	124,026	122,685	115,712	103,000	95,505	84,122	76,483	70,162	64,363	65,675	61,670	60,963	60,093	49,740	43,902	40,605	42,012	40,091	41,600	42,900	41,500	34,500	30,100	29,500	27,200
Property Plant And Equipment Net	151,788	152,973	149,764	142,269	131,022	133,421	124,026	122,685	115,712	103,000	95,505	84,122	76,483	70,162	64,363	65,675	61,670	60,963	60,093	49,740	43,902	40,605	42,012	40,091	41,600	42,900	41,500	34,500	30,100	29,500	27,200
Property Plant Equipment	0	152,973	149,764	142,269	131,022	133,421	124,026	122,685	115,712	103,000	95,505	84,122	76,483	70,162	64,363	65,675	61,670	60,963	60,094	49,740	43,902	40,605	42,012	40,091	0	0	0	0	0	0	0
Retained Earnings	1,219,525	1,121,945	981,675	836,729	707,656	606,658	517,257	446,534	388,006	327,978	273,972	227,927	184,871	146,397	115,123	89,637	64,334	41,004	19,435	49,835	31,276	45,648	28,375	38,003	22,500	8,000	25,000	27,400	28,100	17,800	39,300
Retained Earnings Total Equity	0	1,121,945	981,675	836,729	707,656	606,658	517,257	446,534	388,006	327,978	273,972	227,927	184,871	146,397	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	331,000	445,770	615,675	1,010	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	404,081	642,507	671,152	430,093	381,356	468,706	331,000	445,770	615,675	367,110	463,888	259,697	207,756	178,356	146,094	235,598	166,266	143,244	74,239	35,692	29,000	26,700	19,800	26,164	9,600	400	4,700	0	0	0	0
Short Term Debt	383,028	621,454	650,099	430,093	381,356	0	331,000	445,770	615,675	367,110	463,888	259,697	207,756	178,356	146,094	235,598	166,266	143,244	74,239	35,692	0	0	0	26,164	9,600	0	0	0	0	0	0
Short Term Investments	4,732,762	5,474,359	6,573,179	4,393,029	3,413,317	3,158,777	3,087,473	2,860,837	2,733,899	2,415,856	2,057,723	1,819,035	1,841,389	1,537,178	1,270,104	1,238,921,868	1,102,073,636	1,102,327,223	121,745	100,240	2,777	72,324	74,349	62,335	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
Total Assets	13,105,594	12,974,066	13,102,461	10,904,500	8,262,227	7,731,854	7,254,715	6,809,931	6,665,070	5,848,202	5,222,208	4,502,012	4,120,531	3,776,367	3,279,456	3,212,385	3,070,309	2,850,165	2,733,827	2,315,224	2,092,571	1,993,183	1,929,694	1,753,814	1,723,400	1,686,600	1,573,500	1,262,000	1,062,300	1,012,600	924,600
Total Current Assets	537,074	5,805,037	7,101,767	5,122,113	3,692,771	4,264,973	3,902,073	3,682,685	3,670,732	3,231,546	2,970,811	2,525,821	2,126,928	2,087,439	1,866,564	1,764,301	1,814,939	1,593,186	2,559,286	1,370,605	1,113,650	1,155,450	1,863,916	1,695,208	1,661,600	1,621,900	1,508,900	126,900	85,900	83,800	90,300
Total Current Liabilities	3,844,326	4,707,520	4,451,717	3,431,274	2,462,790	6,194,616	5,975,550	5,490,436	5,200,727	367,110	463,888	259,697	207,756	178,356	146,094	235,598	166,266	143,244	74,239	35,692	0	0	0	26,164	9,600	0	1,420,600	1,130,900	947,400	908,700	0
Total Liab	11,606,694	11,708,329	671,152	430,093	381,356	6,678,559	6,331,947	5,972,046	5,860,084	5,166,665	4,634,561	3,945,049	3,611,994	3,334,679	2,863,754	2,843,603	2,734,814	2,549,263	2,457,551	2,049,679	1,841,085	1,754,415	1,716,040	1,557,693	1,544,700	1,517,200	1,425,300	1,130,900	947,400	908,700	834,200
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,498,900	1,265,737	1,759,224	1,678,190	1,227,197	1,053,295	922,768	837,885	804,986	681,537	587,647	556,963	508,537	441,688	415,702	368,782	335,495	300,901	276,276	265,545	251,487	238,768	213,654	196,121	178,700	169,400	148,200	131,200	114,900	103,900	90,400
Treasury Stock	0	0	0	0	-8,222	-7,507	-7,148	-6,671	-6,296	-5,878	-5,490	-5,007	-4,597	-4,207	-3,833	-3,500	-3,170	-2,911	0	0	0	0	0	-3,925	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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31
Accounts Payable	0	2,500	0	24,274	24,278	11,142,118	11,122,983	10,999,825	10,566,488	9,893,117	9,781,694	18,500	18,484	18,476	18,462	17,060	16,306	16,299	16,294	14,244	14,227	14,216	14,211	12,589	12,589	12,580	12,572	11,904	11,897	11,891	11,891	10,567	10,558	10,551	10,265	8,980	8,972	8,969	8,968	8,318	8,318	8,314	8,311	7,879	3,632,584	7,872	7,870	7,553	7,550	7,549	7,548	7,125	7,120	7,090	7,088	2,690,114	2,684,757	2,458,903	2,472,515	2,521,715	2,582,753	2,563,552	2,568,621	2,504,682	2,546,083	2,382,601	2,376,751	2,425,843	2,384,024	2,280,535	2,306,623	2,369,119	2,366,277	2,121,210	2,094,073	2,077,934	1,994,312	1,847,398	1,747,394	1,774,280	1,796,271	1,788,343	1,743,818	1,723,405	1,711,562	1,672,523	1,647,869	1,629,914	1,685,163	1,606,070	1,518,466	1,541,048	1,519,874	1,469,332	1,460,346	1,499,590	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Other Comprehensive Income	-391,443	-639,934	-490,280	-458,249	-535,228	-632,421	-400,514	-209,582	99,253	109,447	136,486	117,009	170,395	152,063	151,236	123,576	67,506	72,197	59,247	30,506	2,845	-27,976	-11,395	-2,157	26,786	35,902	35,477	24,441	18,445	64,348	76,843	64,841	47,395	50,559	35,751	56,250	47,489	38,895	35,186	24,381	10,364	4,549	23,777	47,190	51,309	59,901	56,356	49,705	47,225	52,519	41,698	29,497	20,453	42,366	31,840	31,979	31,077	36,590	17,286	16,793	10,850	2,023	1,907	16,490	6,988	-568	-10,320	-1,892	-3,670	-5,872	-13,978	-10,441	-6,423	-1,504	1,151	-1,467	4,356	5,835	-4,481	13,650	7,150	8,560	15,055	8,651	11,390	14,893	9,145	3,029	4,122	7,829	5,023	3,890	1,620	-1,764	-4,202	-4,097	-4,100	-2,400	-1,900	800	1,500	2,200	500	400	400	200	-100	-400	-300	-500	-500	-400	-200	-200	-300	-500	-700	-900	-700	0	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Stock	1,427	1,427	1,427	1,427	1,427	1,426	1,426	1,427	1,425	1,425	1,424	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Capital Surpluse	0	0	0	679,429	677,593	676,067	675,653	680,665	676,871	675,139	672,288	671,849	669,644	668,815	666,963	673,535	450,676	448,968	448,349	445,672	443,114	440,589	439,731	437,868	378,062	376,286	374,391	373,023	372,245	371,170	370,601	369,972	368,925	367,444	306,763	306,362	305,429	304,866	304,308	303,875	302,991	302,320	301,963	278,122	277,412	277,121	276,801	276,623	276,127	275,887	275,670	275,256	274,629	270,355	270,087	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	536,591	388,285	278,857	446,211	330,678	365,782	465,564	597,753	528,588	561,142	844,592	1,083,571	729,084	234,021	384,799	267,864	279,454	230,265	307,957	375,494	250,105	200,967	279,174	199,497	373,805	345,893	218,229	220,546	255,063	286,022	205,265	165,415	272,571	142,099	173,159	169,678	261,713	253,185	258,756	194,267	240,499	247,652	184,061	179,195	395,699	221,745	222,922	277,350	312,011	297,712	299,588	308,987	367,953	323,024	239,981	288,082	307,251	113,210	120	114,843	141,228	116,989	156,220	138,118	165,438	107,597	113,794	110,006	128,492	105,076	125,795	117,189	130,359	95,296	90,649	91,935	94,998	89,270	83,321	88,787	112,817	112,016	153,520	96,292	110,761	103,071	93,929	75,984	113,524	87,809	78,702	77,828	100,405	75,857	78,656	80,496	119,200	152,600	169,000	190,000	200,500	133,300	166,900	148,900	203,700	181,100	106,100	111,700	126,900	87,100	83,700	88,800	85,900	77,300	66,200	73,100	83,800	67,800	76,400	78,400	90,300	-	-	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	145,839	388,285	278,857	5,523,432	5,805,037	6,111,225	6,680,600	7,100,248	7,101,767	6,681,126	6,422,640	6,193,202	5,122,113	4,665,301	4,503,662	4,374,933	3,692,771	3,627,421	3,567,449	3,588,306	3,408,882	3,345,334	3,476,741	3,475,690	3,461,278	3,231,376	3,182,742	3,238,825	3,115,900	3,015,052	3,000,621	2,928,454	3,006,470	2,879,452	2,902,272	2,859,008	2,677,569	2,506,947	2,432,584	2,357,284	2,298,222	2,222,955	2,158,665	2,137,346	2,214,734	221,745	222,922	215,332	312,011	297,712	299,588	308,987	367,953	323,024	239,981	288,082	307,251	113,210	145,967	114,843	141,228	116,989	156,220	138,118	165,438	107,597	113,794	110,006	128,492	105,076	125,795	117,189	130,359	95,296	90,649	91,935	94,998	89,270	83,321	88,787	112,817	112,016	153,520	96,292	110,761	103,071	93,929	75,984	113,524	87,809	78,702	77,828	100,405	75,857	78,656	80,496	119,200	152,600	169,000	190,000	200,500	133,300	166,900	148,900	203,700	181,100	106,100	111,700	126,900	87,100	83,700	88,800	85,900	77,300	66,200	73,100	83,800	67,800	76,400	78,400	90,300	-	-	-
Common Stock	1,427	1,427	1,427	1,427	1,427	1,426	1,426	1,427	1,425	1,425	1,424	1,423	1,422	1,421	1,420	1,423	1,359	1,358	1,358	1,356	678	677	677	676	663	662	662	661	661	661	661	660	660	659	642	641	641	641	640	640	320	320	320	315	315	315	315	315	314	314	314	314	209	208	208	208	208	208	208	208	208	208	208	208	208	208	208	208	207	207	207	207,175	207,144	207,045	206,976	206,886	155,116	155,015	154,944	154,863	154,807	154,758	154,714	154,593	123,642	123,589	123,541	123,452	123,333	123,241	123,195	98,522	99,830	99,772	99,765	99,743	99,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock Shares Outstanding	142,939	143,149	143,088	143,066	143,072	143,126	143,239	143,302	143,252	143,219	143,165	143,003	142,644	142,529	142,454	142,735	136,539	136,369	136,218	136,287	136,191	136,107	135,848	135,599	132,858	132,835	132,690	132,726	132,614	132,294	132,277	132,238	132,210	131,003	128,709	128,598	128,634	128,610	128,603	128,424	127,882	128,487	127,239	126,405	126,124	126,009	125,989	125,919	125,867	125,924	125,870	125,778	125,702	125,127	125,215	125,207	125,010	125,067	124,986	125,088	124,810	125,264	124,998	125,349	125,349	124,584	124,409	125,044	125,044	124,416	124,888	124,642	124,293	124,182	124,753	124,635	123,299	124,258	124,302	124,217	124,217	123,578	125,025	156,470	153,625	124,286	123,501	123,916	123,916	123,487	123,506	123,302	123,302	125,208	125,500	124,014	124,014	124,584	124,534	124,459	124,459	119,110	119,110	119,098	119,098	115,786	115,748	115,636	115,636	115,223	115,036	114,923	114,923	107,600	107,600	107,575	107,575	107,313	107,025	106,688	458,365	458,365	463,955	463,955
Common Stock Total Equity	0	0	0	1,427	1,427	1,426	1,426	1,427	1,425	1,425	1,424	1,423	1,422	1,421	1,420	1,423	1,359	1,358	1,358	1,356	678	677	677	676	663	662	662	661	661	661	661	660	660	659	642	641	641	641	640	640	320	320	320	315	315	315	315	315	314	314	314	314	209	208	208	208	208	208	208	208	208	208	208	208	208	208	208	208	207	207	207	207,175	207,144	207,045	206,976	206,886	155,116	155,015	154,944	154,863	154,807	154,758	154,714	154,593	123,642	123,589	123,541	123,452	123,333	123,241	123,195	98,522	99,830	99,772	99,765	99,743	99,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Current Deferred Revenue	0	25,730	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,381,659	4,225,481	3,492,615	3,469,065	3,412,109	3,439,299	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	313,481	313,481	313,481	313,481	313,481	313,481	313,481	313,481	313,481	313,481	313,481	313,481	313,481	313,481	313,481	0	171,565	171,565	171,565	171,565	171,565	171,565	171,565	171,565	139,971	139,971	139,971	139,971	139,971	139,971	139,971	139,971	139,971	139,655	96,632	94,882	94,882	94,882	94,882	94,882	94,882	94,882	94,882	71,865	71,865	71,865	71,865	71,865	71,865	71,864	71,864	71,865	71,865	62,112	62,112	62,113	62,112	62,112	62	62,113	62,112	-64,226,080	-64,527,817	-64,831,706	-65,141,962	62,113	62,113	62,113	-66,635,398	62,113	62,146	0	62,316	49,907	0	0	0	0	0	0	0	0	0	0	24,871	24,611	24,644	24,678	23,766	25,122	17,694	18,105	18,515	18,926	19,336	19,746	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Intangible Assets	1,141	1,369	1,597	1,825	2,053	2,352	2,658	2,978	3,298	3,689	4,087	4,499	4,911	5,394	5,884	319,234	2,102	2,340	2,586	2,850	3,118	3,342	3,620	4,004	1,172	1,384	3,149	3,464	3,632	3,758	3,959	4,198	4,478	4,641	2,407	2,310	2,477	2,547	2,547	2,600	97,485	2,547	2,366	98	108	136	175	213	72,122	342	72,307	547	72,524	578	728	880	63,152	1,239	63,565	63,781	64,003	64,290,370	64,592,409	64,896,603	65,207,169	65,567	65,942	66,319	66,702,100	67,135	67,616	67,890	68,326	53,821	54,010	53,714	40,546	31,824	24,650	24,684	24,718	24,769	24,803	24,837	24,871	24,611	24,644	24,678	23,766	25,122	17,694	18,105	18,515	18,926	19,336	19,746	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Inventory	0	597	0	196	0	0	0	0	2,477	28	305	300	142	331	287	983	1,009	1,364	681	647	577	671	705	18,306	16,662	21,520	20,572	15,182	27,542	31,960	26,018	17,829	34,170	22,306	26,589	11,312	9,838	12,539	15,912	13,242	8,232	11,396	22,582	13,307	15,022	16,407	16,826	13,547	20,093	10,254	8,778	12,299	21,468	17,164	14,307	7,001	7,856	9,421	19,992	18,656	57,324	47,924	9,329	58,369	37,302	2,594	2,174	434	453	543	545	588	705	796	838	1,138	779	514	798	961	1,420	1,411	1,445	1,345	536	1,024	1,021	808	1,031	527	344	402	546	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Liabilities And Stockholders Equity	13,105,594	12,777,418	12,825,437	13,007,986	12,974,066	13,110,344	13,260,212	13,314,200	13,102,461	12,543,258	12,329,083	12,102,887	10,904,500	10,567,652	10,339,817	9,701,091	8,262,227	8,113,839	7,979,293	7,945,895	7,731,854	7,571,231	7,685,470	7,567,449	7,254,715	7,009,164	6,947,392	6,930,370	6,809,931	6,686,736	6,614,990	6,525,185	6,665,070	6,467,645	6,115,236	6,025,372	5,848,202	5,575,811	5,446,356	5,281,027	5,222,208	5,075,635	4,982,605	4,455,980	4,502,012	4,310,547	4,291,804	4,227,250	4,120,531	3,935,403	3,841,015	3,828,203	3,776,367	3,447,483	3,335,595	3,352,955	3,279,456	3,076,193	3,078	3,121,362	3,212,385	3,148,588	3,084,665	3,061,936	3,070,309	2,894,491	2,850,452	2,870,446	2,850,165	2,711,337	2,715,423	2,758,118	2,733,827	2,478,261	2,425,825	2,408,341	2,315,224	2,205,751	2,080,706	2,077,694	2,092,571	2,069,859	2,028,326	1,996,405	1,993,183	1,953,088	1,910,541	1,885,084	1,929,694	1,861,326	1,751,358	1,784,080	1,753,814	1,696,971	1,672,708	1,708,423	1,723,400	1,687,500	1,664,500	1,677,100	1,686,600	1,526,400	1,537,100	1,544,800	1,573,500	1,461,400	1,269,000	1,259,700	1,262,000	1,202,600	1,186,000	1,188,700	1,062,300	1,027,000	997,900	987,600	1,012,600	988,600	985,500	1,003,400	924,600	-	-	-
Long Term Debt	21,053	751,544	587,656	632,927	642,507	774,581	768,364	758,595	671,152	648,679	549,969	548,604	430,093	30,000	449,224	446,000	381,356	35,000	362,005	382,711	468,706	380,760	456,935	372,155	331,000	351,435	379,324	360,264	445,770	0	0	0	615,675	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	382,711	468,706	380,760	456,935	372,155	331,000	351,435	379,324	360,264	445,770	0	0	0	615,675	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,732,762	4,652,537	5,066,262	5,298,557	5,474,359	5,745,443	6,215,036	6,502,495	6,573,179	6,119,984	5,578,048	10,434,624	9,581,497	9,749,976	9,369,353	8,728,052	7,584,015	7,486,082	7,270,929	7,164,833	3,158,777	3,144,367	3,197,567	3,276,193	3,087,473	2,885,483	2,964,618	3,018,393	2,860,958	2,729,159	2,795,493	146	278	286	295	310	441	554	568	582	684	798	886	903	1,061	1,247	1,459	2,581	3,609	4,362	6,663	6,683	9,064	9,229	11,107	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Debt	-132,510	363,259	308,799	186,716	311,829	408,799	302,800	160,842	142,564	87,537	-294,623	-534,967	-298,991	269,142	64,425	178,136	101,902	169,890	54,048	7,217	218,601	179,793	177,761	172,658	-42,805	5,542	161,095	139,718	190,707	227,737	351,659	359,925	343,104	358,804	447,996	232,220	105,397	88,724	175,827	188,953	223,389	218,848	247,514	84,150	-136,002	32,735	28,506	-39,783	-104,255	-116,922	-107,224	-116,816	-189,597	-144,927	-80,501	-98,987	-161,157	47,191	57	51,504	94,370	79,849	-6,325	25,005	828	61,078	33,316	1,608	14,753	12,969	-14,953	-30,805	-56,120	-31,922	-52,369	-48,415	-59,307	-17,270	-16,621	-73,387	-83,817	-98,116	-141,420	-83,792	-84,061	-74,571	-71,529	-52,584	-93,724	-64,583	-66,115	-52,387	-74,240	-50,026	-64,170	-67,387	-109,600	-149,400	-164,400	-189,700	-200,100	-133,100	-165,800	-146,300	-199,000	-174,900	-106,000	-111,600	-126,800	-87,000	-83,600	-88,700	-85,800	-77,200	-66,000	-73,000	-83,800	-66,500	-75,200	-77,100	-90,300	-	-	-
Net Invested Capital	1,519,953	751,544	587,656	632,927	642,507	774,581	768,364	758,595	671,152	648,679	549,969	548,604	430,093	1,649,501	449,224	1,972,362	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	5,293,679	5,253,067	4,639,389	4,194,969	4,100,316	4,011,437	3,952,021	3,924,106	3,834,665	3,805,818	3,697,582	3,452,543	3,443,424	3,410,269	3,339,949	3,338,426	3,324,086	3,264,328	3,255,135	3,308,716	3,248,002	2,928,769	2,900,879	2,901,167	2,803,308	2,750,752	2,664,024	2,655,548	2,580,009	2,544,784	2,103,465	2,053,784	1,968,922	1,883,545	1,764,338	1,752,229	1,694,531	1,686,009	1,649,311	1,659,240	1,507,695	1,490,718	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Tangible Assets	0	925,260	0	1,057,547	950,203	816,782	1,012,879	1,172,290	1,442,445	1,416,565	1,402,801	1,347,448	1,359,798	1,300,626	1,263,084	1,207,128	1,053,530	1,031,193	990,597	933,107	878,612	820,832	810,443	794,245	781,625	765,201	744,322	715,919	694,282	724,215	722,228	694,439	660,537	647,738	602,154	609,056	584,178	561,336	542,607	519,084	490,162	470,812	478,616	492,289	484,990	477,911	462,223	444,927	436,415	426,993	405,398	383,803	369,164	388,241	368,158	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,307,252	-3,847,989	-3,891,943	996,293	1,097,517	1,156,905	1,829,255	-4,658,172	-5,174,901	-4,757,444	-4,235,689	-3,447,690	-3,073,584	-3,140,032	-2,862,672	-2,950,163	-2,457,247	-2,403,726	-2,336,737	-2,032,315	-1,929,643	-2,038,356	-2,042,466	-2,214,111	-2,073,477	3,332,301	-1,923,147	-2,028,117	-1,807,751	3,177,364	2,996,317	2,974,283	-1,529,995	2,968,004	2,561,139	2,732,284	2,864,436	2,780,720	2,643,329	2,541,320	2,506,923	2,440,929	2,383,484	2,075,353	2,266,124	2,019,622	1,924,565	1,874,956	1,919,172	1,876,045	1,857,139	1,830,527	1,909,083	1,717,907	1,632,832	1,627,507	1,720,470	1,465,331	1,472,240	1,495,880	1,528,702	1,567,983	1,652,763	1,650,940	1,648,673	1,468,035	1,441,064	1,534,699	1,449,942	1,358,425	1,364,518	1,437,095	2,485,047	1,353,996	1,297,521	1,309,765	1,334,913	0	0	0	0	0	0	0	0	0	0	0	0	1,771,155	1,680,323	1,700,814	1,669,044	1,611,831	1,598,497	1,634,551	1,652,000	1,622,500	1,597,400	1,613,600	0	1,462,600	1,472,600	1,478,000	0	27,200	46,900	45,600	-1,004,000	88,000	84,800	82,500	-920,000	81,300	23,600	24,700	-922,100	70,200	67,700	66,500	-	-	-	-
Non Current Assets Total	12,568,520	5,120,323	5,534,216	469,024	5,942,866	6,213,922	6,680,455	6,969,122	7,039,722	6,584,670	6,043,271	5,570,026	4,853,690	4,891,157	4,577,161	4,565,857	3,718,006	3,703,428	3,567,965	3,522,548	3,466,881	3,450,089	3,503,118	3,578,208	3,352,642	3,152,506	3,231,358	3,284,615	3,127,246	2,995,613	3,061,749	3,025,562	2,994,338	2,998,738	2,932,942	2,891,190	2,616,656	2,453,182	2,368,444	2,356,487	2,251,397	2,168,206	2,167,546	2,117,282	1,976,191	2,036,445	2,115,811	2,114,727	1,993,603	1,878,568	1,791,512	1,805,505	1,688,928	1,551,479	1,543,283	1,536,353	1,412,892	1,450,461	1,428,622	1,459,135	1,448,084	1,383,767	1,282,008	1,247,873	1,255,370	1,257,780	1,262,278	1,224,132	1,256,978	1,234,866	1,240,063	1,234,638	174,541	1,060,891	1,090,025	1,055,057	944,620	972,408	973,847	998,656	978,922	968,198	944,980	916,229	837,733	65,593	66,000	66,678	65,778	66,946	58,449	57,825	58,606	59,310	59,725	60,763	61,800	61,800	62,500	63,200	64,700	63,600	63,400	64,200	64,600	62,700	40,800	41,200	546,300	40,000	40,400	40,100	483,800	31,100	30,600	30,500	492,700	31,400	31,900	31,800	448,900	-	-	-
Non Current Liabilities Other	0	0	0	41,514	36,037	61,030	39,847	45,620	84,209	72,111	65,856	456,908	101,916	131,624	132,040	89,332	33,562	94,604	66,480	0	15,237	35,234	18,089	22,128	25,397	41,133	41,445	36,880	35,840	57,678	123,728	86,863	43,682	66,874	55,204	71,239	40,328	101,804	44,311	38,642	27,280	32,023	49,266	70,378	52,768	53,885	106,063	67,053	61,890	61,259	43,957	40,801	35,902	72,720	31,801	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,762,368	751,544	587,656	632,927	11,708,329	11,977,729	21,053	21,053	21,053	648,679	549,969	548,604	430,093	30,000	449,224	446,000	381,356	35,000	362,005	382,711	55,000	380,760	60,000	372,155	331,000	351,435	50,000	360,264	75,000	160,000	210,000	175,000	299,020	170,028	265,036	15,983	4,799,555	4,575,137	4,371,737	4,281,241	4,170,673	4,040,894	3,975,166	3,628,383	3,685,352	3,506,155	3,506,113	3,472,678	3,404,238	3,255,414	3,170,946	3,179,817	3,156,323	2,818,455	2,745,117	2,740,039	2,717,660	2,500,257,557	2,512,003,509	0	2,608,004,158	2,601,332,554	2,590,859,822	2,547,054,182	2,568,547,524	2,403,813	2,396,826	2,450,623	2,406,019,129	2,300,168	2,324,809	2,391,106	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,700	0	0	0	0	0	0	0	0	0	0	0	0	1,100	1,100	1,100	-	-	-	-
Non Currrent Assets Other	293,470	-173,032	-133,016	-5,421,504	-5,942,866	-6,213,922	279,626	220,399	-6,722,943	126,601	-5,725,703	-5,252,046	-4,535,298	-4,572,282	1,258,994	760,301	-171,565	-171,565	-171,565	-171,565	-171,565	-171,565	-171,565	-171,565	-139,971	-139,971	-139,971	-139,971	-139,971	-139,971	-139,971	-139,971	-139,971	-139,655	-96,632	-94,882	-94,882	-94,882	-94,882	-94,882	701,076	-94,882	-94,882	-71,865	-71,865	-71,865	-71,865	-71,865	34,703	-71,864	106,728	-71,865	-1,616,404	-62,112	-62,112	-62,113	-1,349,740	-62,112	-62	62,321,632	62,554,884	64,290	64,592	64,897	65,207	65,567	65,942	66,319	66,702	67,135	67,616	66,655,138	68,326	53,821	54,010	53,714	40,546	31,824	24,650	24,684	24,718	24,769	24,803	24,837	24,871	24,611	24,644	24,678	23,766	25,122	17,695	18,105	18,515	18,926	19,336	19,746	20,200	20,600	21,000	21,500	21,800	21,900	22,300	22,700	23,100	23,300	5,400	5,500	-546,300	5,700	5,800	5,700	-483,800	1,100	1,100	1,200	-492,700	1,400	1,500	1,200	-448,900	-	-	-
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	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Assets	0	7,268,810	7,012,364	7,015,530	1,226,163	785,197	-100,843	-755,170	13,102,461	12,543,258	12,329,083	12,102,887	10,904,500	10,567,652	10,339,817	9,701,091	11,980,233	11,817,267	11,547,258	11,468,443	11,198,735	11,021,320	11,188,588	11,145,657	10,607,357	10,161,670	10,178,750	10,214,985	9,937,177	9,682,349	9,676,739	9,550,747	9,659,408	9,466,383	9,048,178	8,916,562	8,464,858	8,028,993	7,814,800	7,637,514	7,473,605	7,243,841	7,150,151	6,573,262	6,478,203	6,346,992	6,407,615	6,341,977	6,114,134	5,813,971	5,632,527	5,633,708	5,465,295	4,998,962	4,878,878	4,889,308	4,692,348	0	-3,074,458	4,580,497	4,660,469	4,532,355	4,366,673	4,309,809	4,325,679	4,152,270	4,112,731	4,094,578	4,107,143	3,946,203	3,955,486	3,992,757	2,908,368	3,539,152	3,515,849	3,463,398	3,259,844	3,178,160	3,054,553	3,076,350	3,071,493	3,038,057	2,973,305	2,912,634	2,830,916	816,674	803,731	769,970	770,623	764,855	704,318	669,831	701,159	719,423	720,896	718,672	0	0	0	0	0	0	0	0	0	0	0	0	588,800	0	0	0	492,600	0	0	0	436,100	0	0	0	385,400	-	-	-
Other Current Assets	537,074	388,882	278,882	446,407	330,678	365,782	465,564	27,670	-1,039,028	-722,538	-136,828	339,659	928,697	1,011,194	1,258,994	760,301	851,450	782,990	843,879	835,041	856,091	775,808	705,611	513,551	440,795	625,282	533,292	406,930	566,785	676,071	552,620	571,169	664,262	589,455	280,022	275,174	553,977	615,682	645,328	567,256	672,589	684,474	656,394	201,352	311,087	2,052,357	1,953,071	1,897,191	1,814,917	1,759,123	1,749,915	1,713,711	1,719,486	1,572,980	1,552,331	1,528,520	1,559,313	1,512,522	1,502,947	1,547,384	1,623,073	1,647,832	1,646,438	1,675,945	1,649,501	1,529,113	1,474,380	1,536,307	1,464,695	1,371,395	1,349,565	1,406,291	2,428,927	1,322,074	1,245,152	1,261,350	1,275,606	1,144,073	1,023,539	990,251	1,000,832	989,644	929,826	983,883	1,044,689	1,784,424	1,750,612	1,742,423	1,750,391	1,706,571	1,614,207	1,648,427	1,594,803	1,561,805	1,534,327	1,567,164	1,542,400	1,473,100	1,433,000	1,423,900	1,421,400	1,329,500	1,306,800	1,331,700	1,305,200	1,217,600	1,122,100	1,106,800	0	1,075,500	1,061,900	1,059,800	0	918,600	901,100	884,000	0	889,400	877,200	893,200	-	-	-	-
Other Current Liab	3,461,298	3,477,553	3,604,197	3,915,265	4,086,066	4,200,792	4,104,034	10,999,825	10,566,488	174,236	189,838	9,413,447	8,675,817	8,294,888	8,157,642	7,210,466	6,603,806	6,397,683	6,369,766	6,350,741	6,180,389	6,145,282	6,210,607	6,190,763	5,962,961	5,697,460	5,626,609	5,661,968	5,478,539	5,235,464	5,056,289	5,063,807	5,190,169	5,097,283	4,727,419	4,837,007	4,750,255	4,464,364	4,318,458	4,234,281	4,135,075	4,000,557	3,917,589	3,550,126	3,632,584	3,444,398	3,392,180	3,398,072	3,334,798	3,186,606	3,119,441	3,131,891	3,113,301	2,738,645	2,706,228	0	0	0	176,496	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,365,300	1,181,300	1,172,900	1,130,900	1,074,500	1,060,700	1,066,000	1,005,900	914,500	943,500	932,300	1,005,900	886,800	885,800	904,900	-	-	-	-
Other Liab	0	66,741	37,182	41,098	35,963	61,030	39,847	67,031	105,597	93,491	87,213	475,408	120,400	130,752	130,941	86,132	33,410	94,604	66,226	90,376	14,834	35,234	18,089	34,717	37,986	53,713	54,017	48,784	47,737	69,569	135,619	97,430	54,240	77,425	65,469	80,219	49,300	110,773	53,279	46,960	35,598	40,337	57,577	78,257	52,768	61,757	113,933	74,606	69,440	68,808	51,505	47,927	43,022	79,810	38,889	49,925	32,903	41,355	39,488	51,761	25,252	37,780	22,238	42,373	22,465	21,212	20,075	24,780	21,996	19,634	18,186	21,987	17,035	17,359	19,463	20,322	19,675	22,021	17,316	24,601	15,838	18,493	21,272	20,312	16,144	14,175	12,607	14,585	11,030	18,679	13,657	15,715	11,655	12,321	11,692	13,311	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Stockholder Equity	669,391	679,374	680,676	679,429	677,593	676,067	675,653	680,665	676,871	675,139	672,288	671,849	669,644	668,815	666,963	673,535	450,676	448,968	448,349	445,672	443,114	440,589	439,731	437,868	378,062	376,286	374,391	373,023	372,245	371,170	370,601	369,972	368,925	367,444	306,763	306,362	305,429	304,866	304,308	303,875	302,991	302,320	301,963	278,122	277,412	272,213	272,038	271,911	276,127	271,411	271,276	270,942	274,629	270,355	270,087	269,880	269,294	269,073	268,608	268,271	268,087	264,517	264,418	264,216	263,966	263,889	263,762	263,653	263,360	263,271	263,211	58,793	56,120	56,123	56,194	56,232	56,239	58,432	58,371	58,293	58,253	58,216	58,173	58,104	58,088	72,912	67,126	60,915	61,946	65,565	62,744	61,598	58,288	55,684	56,334	56,421	56,500	160,100	160,100	160,000	159,900	123,000	123,000	122,900	122,800	121,100	121,100	104,100	104,100	104,000	103,700	90,400	87,000	86,900	87,000	86,900	86,800	86,800	86,600	55,600	51,100	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Property Plant And Equipment Gross	272,511	0	0	0	268,738	0	0	0	0	0	147,655	142,415	142,269	141,002	138,933	139,554	131,022	132,367	134,322	135,321	133,421	130,815	130,366	126,446	124,026	125,668	123,620	122,787	122,685	122,725	122,326	118,208	115,712	116,803	104,495	104,358	103,000	101,437	96,619	95,406	95,505	94,676	94,808	86,265	84,122	80,580	80,404	79,308	76,483	73,443	72,550	70,301	70,162	67,387	66,888	65,652	64,363	63,659	63,807	64,888	65,675	65,531	63,514	63,187	61,670	61,431	61,204	59,855	60,963	61,066	60,334	60,933	60,093	56,356	55,216	53,997	49,740	47,602	44,727	43,542	43,902	42,844	40,996	41,084	40,605	40,982	41,355	42,000	42,012	41,823	40,754	39,720	40,091	40,384	40,389	41,017	41,600	41,200	41,500	41,700	42,900	41,700	41,100	41,500	41,500	39,400	35,400	35,700	34,500	34,300	34,600	34,400	30,100	30,000	29,500	29,300	29,500	30,000	30,400	30,600	27,200	-	-	-
Property Plant And Equipment Net	151,788	152,936	152,876	153,718	152,973	152,646	149,280	150,168	149,764	147,516	147,655	142,415	142,269	141,002	138,933	139,554	131,022	132,367	134,322	135,321	133,421	130,815	130,366	126,446	124,026	125,668	123,620	122,787	122,685	122,725	122,326	118,208	115,712	116,803	104,495	104,358	103,000	101,437	96,619	95,406	95,505	94,676	94,808	86,265	84,122	80,580	80,404	79,308	76,483	73,443	72,550	70,301	70,162	67,387	66,888	65,652	64,363	63,659	64	64,888	65,675	65,531	63,514	63,187	61,670	61,431	61,204	59,855	60,963	61,066	60,334	60,933	60,093	56,356	55,216	53,997	49,740	47,602	44,727	43,542	43,902	42,844	40,996	41,084	40,605	40,982	41,355	42,000	42,012	41,823	40,754	39,720	40,091	40,384	40,389	41,017	41,600	41,200	41,500	41,700	42,900	41,700	41,100	41,500	41,500	39,400	35,400	35,700	34,500	34,300	34,600	34,400	30,100	30,000	29,500	29,300	29,500	30,000	30,400	30,600	27,200	-	-	-
Property Plant Equipment	0	152,936	0	153,718	152,973	152,646	149,280	150,168	149,764	147,516	147,655	142,415	142,269	141,002	138,933	139,554	131,022	132,367	134,322	135,321	133,421	130,815	130,366	126,446	124,026	125,668	123,620	122,787	122,685	122,725	122,326	118,208	115,712	116,803	104,495	104,358	103,000	101,437	96,619	95,406	95,505	94,676	94,808	86,265	84,122	80,580	80,404	79,308	76,483	73,443	72,550	70,301	70,162	67,387	66,888	65,652	64,363	63,659	63,807	64,888	65,675	65,531	63,514	63,187	61,670	61,431	61,204	59,855	60,963	61,066	60,334	60,933	60,094	56,357	55,216	53,997	49,740	47,602	44,727	43,542	43,902	42,844	40,995	41,084	40,605	40,982	41,355	42,000	42,012	41,824	40,754	39,720	40,091	40,384	40,389	41,017	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Retained Earnings	1,219,525	1,199,243	1,175,410	1,150,246	1,121,945	1,087,543	1,052,453	1,016,239	981,675	947,724	910,171	875,147	836,729	797,202	762,830	727,828	707,656	682,575	655,794	629,988	606,658	582,449	556,615	533,427	517,257	493,706	476,912	461,229	446,534	431,765	418,053	403,135	388,006	373,372	358,037	342,995	327,978	314,363	299,902	287,670	273,972	261,052	249,804	238,625	227,927	217,483	205,554	195,074	184,871	174,955	164,417	155,462	146,397	138,002	128,863	121,754	115,123	109,663	102,756	96,267	89,637	83,670	77,378	70,845	64,334	58,473	52,867	46,240	41,004	35,516	30,331	25,101	19,435	14,654	9,689	4,914	49,835	45,050	40,468	36,569	31,276	27,555	23,238	18,850	45,648	41,423	37,048	32,850	28,375	24,544	20,709	41,756	38,003	34,031	30,086	26,249	22,500	18,900	15,100	11,400	8,000	34,700	31,400	28,200	25,000	19,100	16,200	30,300	27,400	24,600	21,900	32,700	28,100	25,700	23,200	20,000	17,800	15,700	13,700	42,700	39,300	-	-	-
Retained Earnings Total Equity	0	0	0	1,150,246	1,121,945	1,087,543	1,052,453	1,016,239	981,675	947,724	910,171	875,147	836,729	797,202	762,830	727,828	707,656	682,575	655,794	629,988	606,658	582,449	556,615	533,427	517,257	493,706	476,912	461,229	446,534	431,765	418,053	403,135	388,006	373,372	358,037	342,995	327,978	314,363	299,902	287,670	273,972	261,052	249,804	238,625	227,927	217,483	205,554	195,074	184,871	174,955	164,417	155,462	146,397	138,002	128,863	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	380,760	456,935	372,155	331,000	351,435	379,324	360,264	445,770	513,759	556,924	0	615,675	0	0	0	1,010	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	404,081	751,544	587,656	632,927	642,507	774,581	768,364	758,595	671,152	648,679	549,969	548,604	430,093	503,163	449,224	446,000	381,356	400,155	362,005	382,711	468,706	380,760	456,935	372,155	331,000	351,435	379,324	360,264	445,770	513,759	556,924	525,340	615,675	500,903	621,155	401,898	367,110	341,909	434,583	383,220	463,888	466,500	431,575	263,345	259,697	254,480	251,428	237,567	207,756	180,790	192,364	192,171	178,356	178,097	159,480	189,095	146,094	160,401	177	166,347	235,598	196,839	149,895	163,123	166,266	168,676	147,110	111,614	143,244	118,045	110,842	86,384	74,239	63,374	38,279	43,520	35,692	72,000	66,700	15,400	29,000	13,900	12,100	12,500	26,700	28,500	22,400	23,400	19,800	23,226	12,587	25,441	26,164	25,831	14,486	13,109	9,600	3,200	4,600	300	400	200	1,100	2,600	4,700	6,200	100	100	100	100	100	100	100	100	200	100	0	1,300	1,200	1,300	-	-	-	-
Short Term Debt	383,028	730,491	566,603	611,874	621,454	753,528	747,311	758,595	671,152	648,679	549,969	548,604	500,903	503,163	449,224	857,871	381,356	400,155	362,005	90,677	0	380,760	456,935	372,155	331,000	524,357	379,324	360,264	445,770	513,759	556,924	525,340	615,675	500,903	621,155	401,898	367,110	341,909	434,583	383,220	463,888	466,500	431,575	263,345	259,697	254,480	251,428	237,567	207,756	180,790	192,364	192,171	178,356	178,097	159,480	189,095	146,094	160,401	177	166,347	235,598	196,839	149,895	163,123	166,266	168,676	147,110	111,614	143,244	118,045	110,842	86,384	74,239	63,374	38,279	43,520	35,692	0	0	0	0	0	0	0	0	0	0	0	0	23,226	12,587	25,441	26,164	25,831	14,486	13,109	9,600	3,200	4,600	300	0	200	1,100	2,600	0	6,200	0	0	0	100	100	100	0	100	200	100	0	200	100	200	-	-	-	-
Short Term Investments	4,732,762	4,652,537	5,066,262	5,298,557	5,474,359	5,745,443	6,215,036	6,502,495	6,573,179	6,119,984	5,578,048	5,109,631	4,393,029	4,431,280	4,118,863	4,107,069	3,413,317	3,397,156	3,259,492	3,212,812	3,158,777	3,144,367	3,197,567	3,276,193	3,087,473	2,885,483	2,964,513	3,018,279	2,860,837	2,729,030	2,795,356	2,763,039	2,733,899	2,737,353	2,729,113	2,689,330	2,415,856	2,253,762	2,173,828	2,163,017	2,057,723	1,975,303	1,974,604	1,958,151	1,819,035	1,882,617	1,961,908	1,960,760	1,841,389	1,728,557	1,639,992	1,656,109	1,537,178	1,412,173	1,402,448	1,396,230	1,270,104	1,303,347,263	1,250,784,162	0	1,238,921,868	1,134,632,127	1,098,881,011	1,094,923,390	1,102,073,636	1,104,222	1,109,119	1,072,008	1,102,327,223	1,078,461	1,078,629	1,061,780	121,745	0	0	0	100,240	0	0	0	2,777	0	0	0	72,324	0	0	0	74,349	0	0	0	62,335	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Assets	13,105,594	12,777,418	12,825,437	13,007,986	12,974,066	13,110,344	13,260,212	13,314,200	13,102,461	12,543,258	12,329,083	12,102,887	10,904,500	10,567,652	10,339,817	9,701,091	8,262,227	8,113,839	7,979,293	7,945,895	7,731,854	7,571,231	7,685,470	7,567,449	7,254,715	7,009,164	6,947,392	6,930,370	6,809,931	6,686,736	6,614,990	6,525,185	6,665,070	6,467,645	6,115,236	6,025,372	5,848,202	5,575,811	5,446,356	5,281,027	5,222,208	5,075,635	4,982,605	4,455,980	4,502,012	4,310,547	4,291,804	4,227,250	4,120,531	3,935,403	3,841,015	3,828,203	3,776,367	3,447,483	3,335,595	3,352,955	3,279,456	3,076,193	3,078	3,121,362	3,212,385	3,148,588	3,084,665	3,061,936	3,070,309	2,894,491	2,850,452	2,870,446	2,850,165	2,711,337	2,715,423	2,758,118	2,733,827	2,478,261	2,425,825	2,408,341	2,315,224	2,205,751	2,080,706	2,077,694	2,092,571	2,069,859	2,028,326	1,996,405	1,993,183	1,953,088	1,910,541	1,885,084	1,929,694	1,861,326	1,751,358	1,784,080	1,753,814	1,696,971	1,672,708	1,708,423	1,723,400	1,687,500	1,664,500	1,677,100	1,686,600	1,526,400	1,537,100	1,544,800	1,573,500	1,461,400	1,269,000	1,259,700	1,262,000	1,202,600	1,186,000	1,188,700	1,062,300	1,027,000	997,900	987,600	1,012,600	988,600	985,500	1,003,400	924,600	-	-	-
Total Current Assets	537,074	388,285	278,857	5,523,432	5,805,037	6,111,225	6,680,600	7,100,248	6,062,739	5,958,588	6,285,812	6,532,861	6,050,810	5,676,495	5,762,656	5,135,234	4,544,221	4,410,411	4,411,328	4,423,347	4,264,973	4,121,142	4,182,352	3,989,241	3,902,073	3,856,658	3,716,034	3,645,755	3,682,685	3,691,123	3,553,241	3,499,623	3,670,732	3,468,907	3,182,294	3,134,182	3,231,546	3,122,629	3,077,912	2,924,540	2,970,811	2,907,429	2,815,059	2,338,698	2,525,821	2,274,102	2,175,993	2,112,523	2,126,928	2,056,835	2,049,503	2,022,698	2,087,439	1,896,004	1,792,312	1,816,602	1,866,564	1,625,732	1,648,913	1,662,226	1,764,301	1,764,821	1,802,658	1,814,063	1,814,939	1,636,711	1,588,174	1,646,314	1,593,186	1,476,470	1,475,360	1,523,480	2,559,286	1,417,370	1,335,800	1,353,284	1,370,605	1,233,343	1,106,859	1,079,038	1,113,650	1,101,661	1,083,346	1,080,175	1,155,450	1,887,495	1,844,541	1,818,407	1,863,916	1,794,380	1,692,910	1,726,255	1,695,208	1,637,662	1,612,983	1,647,660	1,661,600	1,625,700	1,602,000	1,613,900	1,621,900	1,462,800	1,473,700	1,480,600	1,508,900	1,398,700	1,228,200	1,218,500	126,900	1,162,600	1,145,600	1,148,600	85,900	995,900	967,300	957,100	83,800	957,200	953,600	971,600	90,300	-	-	-
Total Current Liabilities	3,844,326	4,236,274	4,170,800	4,527,139	4,707,520	4,954,320	4,851,345	11,758,420	11,237,640	10,716,032	10,521,501	9,980,551	9,124,394	8,816,527	8,625,328	8,085,397	7,001,468	6,814,137	6,748,065	6,455,662	6,194,616	6,159,498	6,224,818	6,203,352	5,975,550	524,357	5,639,181	5,673,872	5,490,436	513,759	556,924	525,340	5,200,727	500,903	621,155	401,898	367,110	341,909	434,583	383,220	463,888	466,500	431,575	263,345	259,697	254,480	251,428	237,567	207,756	180,790	192,364	192,171	178,356	178,097	159,480	189,095	146,094	160,401	176,673	166,347	235,598	196,839	149,895	163,123	166,266	168,676	147,110	111,614	143,244	118,045	110,842	86,384	74,239	63,374	38,279	43,520	35,692	0	0	0	0	0	0	0	0	0	0	0	0	23,226	12,587	25,441	26,164	25,831	14,486	13,109	9,600	3,200	4,600	300	0	200	1,100	2,600	0	1,371,500	1,181,300	1,172,900	1,130,900	1,074,600	1,060,800	1,066,100	1,005,900	914,600	943,700	932,400	1,005,900	887,000	885,900	905,100	-	-	-	-
Total Liab	11,606,694	751,544	587,656	632,927	11,708,329	11,977,729	11,931,194	11,825,451	11,343,237	10,809,523	10,608,714	10,437,459	9,226,310	8,948,151	8,757,368	8,174,729	7,035,030	6,908,741	6,814,545	6,838,373	6,678,559	6,575,492	6,699,842	6,597,635	6,331,947	6,102,608	6,059,950	6,071,016	5,972,046	5,818,792	5,748,832	5,686,577	5,860,084	5,675,611	5,414,043	5,319,124	5,166,665	4,917,046	4,806,320	4,664,461	4,634,561	4,507,394	4,406,741	3,891,728	3,945,049	3,760,635	3,757,541	3,710,245	3,611,994	3,436,204	3,363,310	3,371,988	3,334,679	2,996,552	2,904,597	2,929,134	2,863,754	2,660,659	2,689	2,739,823	2,843,602	2,798,171	2,740,755	2,710,177	2,734,814	2,572,489	2,543,936	2,562,237	2,549,263	2,418,214	2,435,651	2,477,490	2,457,551	2,201,943	2,151,814	2,141,776	2,049,679	1,941,420	1,831,405	1,814,319	1,841,085	1,820,770	1,777,146	1,756,207	1,754,415	1,715,164	1,682,825	1,667,867	1,716,040	1,647,975	1,544,710	1,582,204	1,557,693	1,507,485	1,486,524	1,526,010	1,544,700	1,510,900	1,491,200	1,504,900	1,517,200	1,366,500	1,382,200	1,393,300	1,425,300	1,371,500	1,181,300	1,172,900	1,130,900	1,074,600	1,060,900	1,066,100	1,005,900	914,600	943,700	932,400	1,005,900	887,000	885,900	905,100	834,200	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,498,900	1,240,110	1,367,233	1,372,853	1,265,737	1,132,615	1,329,018	1,488,749	1,759,224	1,733,735	1,720,369	1,665,428	1,678,190	1,619,501	1,582,449	1,526,362	1,227,197	1,205,098	1,164,748	1,107,522	1,053,295	995,739	985,628	969,814	922,768	906,556	887,442	859,354	837,885	867,944	866,158	838,608	804,986	792,034	701,193	706,248	681,537	658,765	640,036	616,566	587,647	568,241	575,864	564,252	556,963	549,912	534,263	517,005	508,537	499,199	477,705	456,215	441,688	450,931	430,998	423,821	415,702	415,534	389	381,539	368,782	350,417	343,911	351,759	335,495	322,002	306,516	308,209	300,901	293,123	279,772	280,628	276,276	276,318	274,010	266,565	265,545	264,332	249,302	263,375	251,487	249,089	251,180	240,198	238,768	237,924	227,715	217,218	213,654	213,351	206,648	201,876	196,121	189,487	186,184	182,413	178,700	176,600	173,300	172,200	169,400	159,900	154,900	151,500	148,200	140,400	137,200	134,000	131,200	128,100	125,100	122,700	114,900	112,400	109,900	106,400	103,900	101,600	99,600	98,300	90,400	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-8,697	-8,437	-8,222	-8,042	-7,823	-7,660	-7,507	-7,512	-7,419	-7,291	-7,148	-7,028	-6,948	-6,790	-6,671	-6,566	-6,517	-6,409	-6,296	-6,207	-6,110	-6,005	-5,878	-5,797	-5,723	-5,618	-5,490	-5,364	-5,259	-5,138	-5,007	-4,908	-4,763	-4,712	-4,597	-4,476	-4,394	-4,314	-4,207	-4,115	-4,038	-3,946	-3,833	-3,746	-3,671	-3,580	-3,500	-3,411	-3,344	-3,256	-3,170	-3,130	-3,060	-2,990	-2,911	-2,837	-2,790	-2,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-82	-3,925	-3,093	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31
Begin Period Cash Flow	330,678	528,588	729,084	282,604	248,647	372,347	256,486	272,886	253,471	212,012	360,739	250,836	264,267	321,541	168,888	264,888	192,977	250,513	194,258	113,841	178,437	185,125	162,531	187,970	200,300	215,800	126,000	92,500	83,600	100,700	102,500
Capital Expenditures	17,251	15,784	19,205	16,450	8,671	17,646	14,162	20,399	17,433	17,412	11,324	16,180	14,777	11,240	6,481	11,778	8,331	7,371	10,317	8,840	7,109	2,914	5,151	2,507	4,100	4,300	4,700	3,700	3,100	2,400	3,600
Cash And Cash Equivalents Changes	0	-197,910	-200,496	446,480	33,957	-123,700	115,861	-16,400	19,415	41,459	-148,727	109,903	-13,431	46,412	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	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	205,913	-197,910	-200,496	446,480	33,957	-123,700	115,861	-16,400	19,415	41,459	-148,727	109,903	-13,431	46,412	152,653	-96,000	71,912	-58,609	56,255	80,418	-64,596	-6,689	22,595	-25,439	-12,300	1,200	87,100	33,100	13,700	-17,600	-24,100
Change In Working Capital	2,768	-1,700	45,487	-52,605	395	-5,867	21,367	6,399	-39,994	9,698	-212	-4,179	2,588	-6,679	-7,022	-4,147	-2,574	-176,036	-6,614	625	2,131	1,187	1,787	-1,541	-2,600	2,900	-5,400	600	-700	-900	0
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	11,769	6,645	0	0	6,292	0	2,531	0	50,444	0	3,517	3,577	0	20,885	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	89,465	125,669	8,634	39,307	38,348	69,903	55,968	8,711	41,843	30,990	18,837	26,742	12,169	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-1,700	45,487	-52,605	395	-5,867	21,367	6,399	-39,994	9,698	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	22,042	12,762	13,061	12,793	11,665	12,549	12,916	11,573	11,145	9,262	8,638	7,920	7,352	7,102	7,746	8,014	7,182	8,171	9,361	5,021	9,467	6,203	5,679	6,861	8,800	8,500	5,600	6,000	5,300	8,300	7,400
Dividends Paid	-99,965	91,315	79,712	70,318	61,056	53,861	48,955	44,907	38,767	34,578	24,505	38,719	29,359	28,346	28,302	27,435	24,928	24,011	23,003	20,138	18,274	16,053	13,921	12,544	11,000	9,100	8,000	7,000	5,900	5,300	4,200
End Period Cash Flow	536,591	330,678	528,588	729,084	282,604	248,647	372,347	256,486	272,886	253,471	212,012	360,739	250,836	367,953	321,541	168,888	264,888	191,904	250,513	194,258	113,841	178,437	185,125	162,531	188,000	217,000	213,100	125,600	97,300	83,100	78,400
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	269,810	308,156	334,026	194,218	195,448	171,340	176,112	140,343	91,659	113,990	98,534	76,882	80,334	60,588	165,034	-22,273	46,460	44,773	30,621	68,277	38,216	41,192	35,054	32,683	29,400	31,400	16,600	22,400	16,300	17,400	15,800
Investments	127,292	-823,407	-2,593,268	-1,308,236	-443,045	-277,772	-390,216	-236,921	-432,463	-562,449	-524,461	-287,181	-364,496	-304,966	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	4,294	3,864	0	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	-28,645	241,059	48,737	-87,350	137,706	-114,770	-169,905	235,440	-96,778	204,191	51,941	29,400	32,262	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	198,977	234,475	227,562	202,034	164,812	150,638	120,371	104,774	100,381	89,559	78,868	74,225	68,369	59,659	53,797	53,164	49,490	46,029	44,023	39,171	35,305	33,953	29,355	28,316	25,700	23,300	20,100	18,100	16,400	13,100	12,000
Other Cashflows From Financing Activities	132,793	416,919	2,137,635	1,576,340	336,067	13,232	369,652	118,465	331,770	615,181	320,732	349,727	250,897	310,886	102,004	106,002	185,608	87,193	167,927	108,730	87,375	33,835	76,488	7,933	29,500	10,300	95,100	40,100	19,600	-12,300	-19,900
Other Cashflows From Investing Activities	0	1,186	823	62,484	2,249	19,497	6,334	5,360	65,671	4,656	-20,985	8,370	48,243	7,461	4,455	2,083	2,568	707	5,640	85	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	59,377	82,608	63,590	53,695	27,276	31,916	35,673	37,323	37,240	23,776	21,810	16,613	14,797	10,657	117,215	-67,403	228	176,241	-118	26,181	1,178	2,370	3,626	1,857	1,800	1,100	1,100	1,100	-2,000	-900	1,400
Sale Purchase Of Stock	-2,736	-9,449	5,905	-8,008	4,294	3,864	2,934	1,260	1,545	1,437	1,958	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	4,256	3,958	3,245	3,313	3,104	0	0	0	0	0	0	0	0	0	0	0	0	-2,234	-5,992	-3,152	-2,664	43	-53	0	0	0	0	0	0	300	0
Total Cash From Financing Activities	-206,201	316,155	2,057,923	1,498,014	279,305	-36,765	323,631	74,818	294,548	485,262	298,185	311,832	222,488	283,329	-15,120	79,176	160,680	63,182	144,924	88,591	69,101	17,782	62,567	-4,611	18,500	1,200	87,100	33,100	13,700	-17,600	-24,100
Total Cash From Operating Activities	287,061	323,940	353,231	210,668	204,119	188,986	190,274	160,742	109,092	131,402	109,858	93,062	95,111	71,828	171,515	-10,495	54,791	52,144	40,937	68,277	45,325	44,106	40,205	35,190	33,500	35,700	21,300	26,100	19,400	19,800	19,400
Total Cashflows From Investing Activities	0	-838,005	-2,611,650	-1,262,202	-449,467	-275,921	-398,044	-251,960	-384,225	-575,205	-556,770	-294,991	-331,030	-308,745	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31
Begin Period Cash Flow	388,285	278,857	446,211	330,678	365,782	465,564	597,753	528,588	561,142	844,592	1,083,571	729,084	234,021	384,799	267,864	282,604	230,265	307,697	386,861	248,647	199,509	286,166	198,039	372,347	344,435	220,511	222,679	256,486	287,715	205,798	165,648	272,886	140,398	173,423	165,968	253,471	238,736	237,678	167,861	212,012	227,600	160,736	137,198	360,739	177,639	158,428	226,532	250,836	301,292	302,783	313,932	367,953	329,159	240,206	288,081	321,541	151,255	145,967	161,418	168,888	172,664	264,140	253,068	264,888	157,552	168,554	212,942	191,904	117,776	147,860	244,359	250,513	198,112	130,106	142,215	194,258	96,409	82,664	103,680	113,841	141,274	148,301	109,336	178,437	153,080	140,358	139,298	185,125	128,763	152,523	214,559	162,531	104,741	108,758	150,164	187,970	152,500	168,700	182,100	200,300	0	18,100	163,900	203,300	30,400	7,200	115,300	126,000	11,000	0	63,300	92,500	6,900	5,900	52,100	83,600	0	0	81,400	100,700
Capital Expenditures	3,865	4,420	2,619	6,347	3,814	6,725	2,052	3,193	4,923	2,642	8,318	3,322	3,911	4,858	1,947	5,734	1,130	1,181	1,660	4,700	5,265	3,837	6,736	1,808	1,536	4,921	3,817	3,888	3,248	5,021	6,683	5,447	4,996	6,197	3,153	3,087	4,419	7,593	3,491	1,909	2,832	2,277	1,648	4,567	5,276	2,379	3,462	5,063	4,830	3,510	4,065	2,372	2,150	3,327	2,778	2,985	3,977	1,376	324	804	2,255	3,767	2,363	3,393	2,661	1,431	2,465	1,775	1,513	2,368	1,045	2,444	2,120	2,538	2,556	3,103	6,215	2,959	2,372	883	1,490	3,139	935	1,545	787	664	397	1,066	1,238	1,204	2,022	687	498	1,092	399	518	1,200	1,200	1,000	700	900	1,600	700	1,100	900	1,100	600	2,100	1,000	600	1,000	1,100	800	900	900	500	400	400	500	1,100
Cash And Cash Equivalents Changes	0	0	0	115,533	-35,104	-99,782	-132,189	69,165	-32,554	-283,450	-238,979	354,487	495,063	-150,778	116,935	-14,740	52,339	-77,432	-79,164	138,214	49,138	-86,657	88,127	-174,308	27,912	123,924	-2,168	-33,807	-31,229	81,917	40,150	-107,238	132,488	-33,025	7,455	-87,503	14,735	1,058	69,817	-44,151	-15,588	66,864	23,538	-223,541	183,100	19,211	-68,104	-24,304	53,230	-1,491	-11,149	-54,021	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	148,306	109,428	-167,354	115,533	-35,104	-99,782	-132,189	69,165	-32,554	-283,450	-238,979	354,487	495,063	-150,778	116,935	-14,740	52,339	-77,432	-79,164	138,214	49,138	-86,657	88,127	-174,308	27,912	123,924	-2,168	-33,807	-31,229	81,917	40,150	-107,238	132,488	-33,025	7,455	-87,503	14,735	1,058	69,817	-44,151	-15,588	66,864	23,538	-223,541	183,100	19,211	-68,104	-24,304	-50,456	-1,491	-11,149	-54,021	38,794	88,953	-47,875	-33,460	170,286	5,288	-15,451	-7,470	-3,776	-91,476	11,072	-11,821	107,336	-11,002	-44,388	21,038	74,128	-30,084	-96,500	-6,154	52,401	68,006	-12,108	-52,043	97,849	13,745	-21,016	-10,161	-27,434	-7,026	38,965	-69,101	25,357	12,721	1,061	-45,827	56,363	-23,760	-62,036	52,028	57,790	-4,018	-41,406	-37,806	35,500	-16,200	-21,100	-10,500	54,800	-33,700	18,100	-54,600	22,500	75,100	-5,300	-15,000	39,700	3,500	-4,500	-5,200	8,500	10,400	-7,200	-10,800	16,200	-8,300	-1,900	-23,200
Change In Working Capital	-5,987	1,212	-17,439	24,670	-7,107	16,720	-15,624	4,311	6,854	35,651	-23,091	26,073	21,666	-60,075	9,424	-23,620	8,000	-13,214	-18,243	23,852	-11,291	9,407	-3,889	-94	-12,287	15,339	-9,404	27,719	-6,142	-4,973	-17,305	34,819	-26,520	10,374	-30,505	6,657	144	8,112	-11,400	12,842	-14,581	20,203	-23,340	17,506	-9,725	-1,868	-5,259	12,673	-9,978	162	-3,472	15,876	-15,745	5,045	-455	4,476	-16,518	3,356	-9,823	15,963	91,659	-100,786	15,757	-10,778	-9,890	-22,720	41,362	-11,326	-175,533	-28,147	20,836	6,809	-6,476	172	-3,427	3,117	-3,903	528	-2,708	6,709	-2,532	-1,052	-1,033	6,748	430	1,416	-2,330	1,671	-4,934	3,730	-2,767	5,759	-2,739	382	-3,404	4,219	-3,900	1,600	-3,900	3,600	-600	-100	-2,400	6,000	-6,600	1,000	-3,600	3,800	-1,300	400	-1,700	3,200	-900	-2,100	400	1,900	900	2,500	1,200	-800
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,769	7,779	8,572	13,269	6,645	1,952	7,810	16,535	0	0	0	0	0	0	0	0	6,292	5,731	0	1,334	0	595	952	4,934	2,531	6,898	8,903	9,732	0	0	0	1,767	50,444	50,479	39,023	41,019	0	0	29,754	0	3,517	2,791	27,050	0	3,577	9,901	29,337	21,359	0	2,279	21,793	16,721	20,885	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,765	0	-3,313	-3,737	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	20,464	43,319	10,866	36,719	11,167	30,713	32,024	58,626	15,023	39,851	17,287	-31,834	28,827	-5,646	17,069	-6,129	-5,647	34,014	-8,353	29,880	6,210	10,611	-1,015	28,264	2,292	40,362	6,248	11,215	-7,804	46,309	-10,019	22,485	-20,163	16,408	9,255	15,703	-4,164	21,049	-5,646	28,803	-16,215	24,048	-3,438	2,416	871	18,988	-3,828	6,636	2,705	21,229	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	-17,439	24,670	-7,107	16,720	-15,624	4,311	6,854	35,651	-23,091	26,073	21,666	-60,075	9,424	-23,620	8,000	-13,214	-18,243	23,852	-11,291	9,407	-3,889	-94	21,367	15,339	-9,404	5,685	6,399	4,198	-4,843	0	-39,994	0	0	0	9,698	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	12,752	3,022	3,194	3,074	3,173	3,153	3,205	3,231	3,315	3,339	3,236	3,171	3,300	3,558	2,848	3,087	2,935	2,784	2,964	2,982	2,995	3,121	3,255	3,178	3,469	3,238	3,304	2,905	2,946	2,940	2,882	2,805	3,076	2,995	2,601	2,473	3,018	1,671	2,257	2,316	2,262	2,255	2,114	2,007	2,012	1,995	2,026	1,887	1,891	1,861	1,810	1,790	1,827	1,749	1,749	1,777	1,904	1,945	1,942	1,956	2,028	1,844	2,177	1,964	1,798	1,822	1,765	1,797	1,902	1,949	2,511	1,808	2,353	2,409	2,361	2,238	-1,403	2,052	2,363	2,010	2,326	2,439	2,546	2,155	-679	2,692	1,885	2,304	467	2,033	1,500	1,679	1,211	1,824	1,918	1,909	2,100	2,300	2,300	2,100	2,600	1,800	2,300	1,800	1,900	1,200	1,000	1,500	1,300	1,700	1,300	1,700	1,200	1,300	1,200	1,600	2,800	1,900	1,900	1,700
Dividends Paid	-25,718	-25,707	24,269	24,271	24,243	18	45,669	21,385	21,378	21,352	18,499	18,483	18,476	18,471	17,065	16,306	16,299	16,294	14,236	14,227	14,216	14,211	12,844	12,590	12,582	12,572	11,903	11,898	11,891	11,891	10,567	10,558	10,550	10,265	8,980	8,972	8,969	8,968	8,323	8,318	8,314	8,311	7,880	0	15,746	7,870	7,553	7,550	7,548	7,580	7,111	7,120	7,090	7,089	7,087	7,080	7,080	7,077	7,074	7,071	7,070	7,069	6,650	6,646	5,839	6,575	6,294	6,220	6,167	6,183	5,868	5,793	6,632	5,795	5,302	5,274	5,271	5,268	4,801	4,799	4,797	4,796	4,353	4,327	4,326	4,324	3,704	3,700	3,697	3,696	3,272	3,257	3,267	3,292	2,992	2,992	2,800	2,700	2,800	2,700	2,400	2,400	2,100	2,200	2,100	14,700	18,700	1,900	1,900	1,900	1,600	1,600	1,600	1,500	1,400	1,400	1,400	1,000	1,600	1,300
End Period Cash Flow	536,591	388,285	278,857	446,211	330,678	365,782	465,564	597,753	528,588	561,142	844,592	1,083,571	729,084	234,021	384,799	267,864	282,604	230,265	307,697	386,861	248,647	199,509	286,166	198,039	372,347	344,435	220,511	222,679	256,486	287,715	205,798	165,648	272,886	140,398	173,423	165,968	253,471	238,736	237,678	167,861	212,012	227,600	160,736	137,198	360,739	177,639	158,428	226,532	250,836	301,292	302,783	313,932	367,953	329,159	240,206	288,081	321,541	151,255	145,967	161,418	168,888	172,664	264,140	253,068	264,888	157,552	168,554	212,942	191,904	117,776	147,860	244,359	250,513	198,112	130,106	142,215	194,258	96,409	82,664	103,680	113,841	141,274	148,301	109,336	178,437	153,080	140,358	139,298	185,125	128,763	152,523	214,559	162,531	104,741	108,758	150,164	188,000	152,500	-21,100	189,800	54,800	-33,700	18,100	148,700	22,500	75,100	-5,300	111,000	39,700	3,500	-4,500	87,300	8,500	10,400	-7,200	72,800	16,200	-8,300	-1,900	77,500
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	56,791	68,694	54,473	89,540	65,720	89,335	69,609	83,492	82,438	114,912	43,229	93,447	71,852	16,165	80,349	25,852	57,327	35,769	34,786	67,566	24,818	66,093	37,107	43,322	33,593	52,716	26,730	63,073	29,666	31,797	12,322	66,558	10,177	42,174	1,990	37,318	27,423	31,541	13,550	41,476	12,761	46,088	1,627	38,058	9,604	19,837	15,760	31,681	8,809	21,213	15,160	35,152	7,926	18,360	12,630	21,672	3,772	59,000	66,329	35,933	34,889	-86,613	28,349	1,102	3,322	-9,542	52,422	257	1,178	-6,350	11,915	38,030	1,584	-8,611	9,836	27,812	36,114	9,789	6,273	16,101	7,288	5,323	9,420	16,185	9,276	12,642	7,881	11,393	3,701	13,586	4,229	13,538	5,550	8,320	5,722	13,091	4,300	9,600	3,900	11,600	8,300	6,200	5,200	11,700	400	6,200	1,900	8,100	4,400	6,400	3,300	8,300	3,900	2,400	3,500	6,500	6,800	2,900	4,800	2,900
Investments	40,330	-8,448	-26,264	125,598	191,533	-215,215	-283,082	-516,643	-790,728	-589,489	-642,353	-578,942	132,837	-341,214	-477,390	-622,469	-177,719	-163,940	-99,593	-1,793	-85,615	2,446	-42,234	-152,369	-240,067	35,415	-1,753	-183,811	-226,761	-74,842	12,504	52,178	-76,729	-23,738	-93,668	-238,328	-316,006	-76,339	-72,704	-97,400	-155,216	-89,646	-95,182	-184,417	-8,795	-48,882	-86,031	-143,473	-166,830	-73,968	-7,668	-116,030	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	-45,270	-9,581	-132,074	6,217	9,769	87,443	22,473	98,710	1,365	118,511	-73,070	53,939	-408,647	476,515	-18,799	38,150	-20,706	-85,995	87,946	-76,175	84,780	41,155	-20,435	-27,889	19,060	-85,506	-67,989	-43,165	31,584	-90,335	114,772	-133,377	219,257	34,788	25,201	-92,674	51,363	-80,668	-2,612	34,925	168,230	3,648	5,217	3,052	13,861	29,811	26,966	-11,574	193	13,815	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	45,980	49,556	50,873	52,568	58,668	59,341	60,494	55,972	55,337	58,928	56,379	56,918	58,476	52,857	53,469	37,232	41,388	43,079	42,093	38,252	38,436	40,050	37,633	34,519	36,144	29,373	28,255	26,599	26,666	25,603	26,809	25,696	25,192	25,886	25,306	23,997	22,587	23,431	21,205	22,336	21,239	19,562	19,490	18,577	18,318	19,800	18,351	17,756	17,467	18,087	16,520	16,295	15,515	16,229	14,198	13,717	12,541	13,986	13,566	13,704	13,039	13,361	13,602	13,162	12,506	12,251	13,270	11,462	11,709	11,405	11,448	11,467	10,581	10,762	10,604	12,076	10,058	9,853	9,168	10,093	8,520	9,114	9,221	8,450	8,551	8,701	8,522	8,179	7,531	7,533	7,287	7,004	7,229	7,212	7,129	6,747	6,600	6,500	6,500	6,100	6,700	5,600	5,600	5,400	5,400	5,000	4,900	4,800	4,600	4,600	4,500	4,400	4,000	4,000	4,800	3,600	3,500	3,300	3,200	3,100
Other Cashflows From Financing Activities	421,778	236,736	-173,913	-68,176	-277,563	31,569	126,947	523,701	697,076	212,188	370,326	858,045	308,586	192,694	529,779	534,792	187,324	66,067	-1,681	84,357	123,053	-141,500	104,624	-72,945	245,066	42,962	-16,299	97,923	175,086	179,175	-7,517	-126,363	207,658	-107,097	109,670	121,539	285,892	145,906	84,177	99,206	131,906	117,893	149,743	-78,810	193,402	55,271	7,970	93,084	175,159	55,591	-12,258	32,405	224,994	51,035	-13,500	48,357	225,855	-13,613	-49,200	-61,038	58,049	41,912	50,930	-44,281	161,118	27,485	-13,485	10,490	128,814	-18,826	-37,836	14,987	118,443	52,299	11,031	-13,846	67,550	52,083	24,528	-35,431	23,056	46,489	20,158	-2,328	37,404	30,856	17,122	-51,547	75,893	15,778	-35,367	20,184	50,152	17,251	-37,826	-21,644	36,700	17,500	-9,200	-15,500	73,700	-17,000	-9,200	-37,200	62,300	15,700	25,900	-8,800	58,000	12,900	-3,200	-27,600	34,000	8,400	7,300	-29,000	22,400	800	-17,500	-18,000
Other Cashflows From Investing Activities	0	0	0	2,423	0	1,180	6	0	38	291	74	420	264	48	973	61,199	905	659	620	65	34	34	510	18,919	1,228	4,258	505	343	2,400	790	1,690	480	1,678	65,534	-1,753	212	833	1,426	1,558	839	2,836	581	-25,417	1,015	4,438	710	1,667	1,555	43,511	3,237	431	1,064	9,924	8,750	3,791	221	4,455	2,237	1,789	158	2,083	1,975	1,034	662	2,568	615	344	26	707	598	579	350	5,640	5,032	4,564	3,286	85	243	335	59,506	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,836	18,216	-3,612	15,575	14,800	17,387	21,095	23,171	21,341	17,433	15,023	10,607	4,650	17,196	17,010	14,839	7,883	4,787	7,426	7,180	8,300	8,337	8,013	7,266	9,146	7,783	8,392	9,738	9,596	11,135	6,619	8,685	11,618	9,840	8,504	7,278	6,142	5,793	4,979	5,891	5,610	6,187	5,478	4,535	3,935	3,519	4,727	4,432	4,139	2,568	4,574	3,516	7,644	-2,249	575	4,687	9,939	40,979	61,179	5,117	-69,400	2,007	-138	128	1,209	446	-1,409	-18	164,431	10,753	-21,860	20,683	-3,497	-19,759	4,357	12,789	24,745	363	-332	-1,747	127	-2,353	234	506	815	614	581	403	2,224	540	493	317	277	426	421	733	700	700	100	300	400	300	400	-400	500	200	200	100	100	100	400	500	200	100	-2,000	-100	-500	-2,000	200	100
Sale Purchase Of Stock	-1	-2,735	45,055	913	9,449	-2,044	-7,405	2,921	1,232	2,055	714	1,904	727	1,509	-7,719	2,192	801	307	940	2,246	1,064	481	964	1,355	674	1,145	552	563	271	53	63,168	802	254	367	196	728	50,402	166	102,726	714	439	1,519	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	20,652	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	1,223	874	865	952	1,421	880	1,070	0	0	0	0	0	0	0	1	0	0	1	0	0	0	0	0	0	0	1	0	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	0	0	0	0	0	0	0	-176	-1,579	-940	1,935	-29	-1,646	-260	-9,997	9,662	-1,224	-676	-49	-563	-1,039	-4,342	-418	-169	-640	-1,925	-82	-2,586	8	-4	6	-38	71	5	0	1	-5	-49	6	0	1	-7	0	-100	0	-200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	300	-4,300	0	0
Total Cash From Financing Activities	49,247	44,762	-198,182	-102,028	-292,357	24,918	81,278	502,316	675,698	190,836	351,827	839,562	290,110	174,223	513,003	520,678	171,826	50,080	-14,977	72,376	109,901	-155,230	92,744	-84,180	233,158	31,535	-27,650	86,588	163,466	124,172	13,634	-226,454	197,362	-116,995	100,886	113,295	302,485	44,430	127,413	10,934	124,031	109,841	142,510	-78,197	177,853	47,546	500	85,933	167,740	48,027	-19,072	25,793	218,035	44,035	-20,494	41,753	204,567	-36,733	-45,696	-137,258	50,979	34,843	44,280	-50,926	155,279	20,910	-19,778	4,270	122,648	-25,009	-43,704	9,248	111,811	46,504	5,729	-19,120	62,279	46,815	19,727	-40,230	18,259	41,693	15,804	-6,655	33,079	26,532	13,418	-55,247	72,196	12,083	-38,639	16,928	46,885	13,959	-40,819	-24,636	33,900	14,800	-12,000	-18,200	71,300	-19,400	-11,300	-39,400	60,200	30,400	7,200	-10,700	56,100	11,000	-4,800	-29,200	32,400	6,900	5,900	-31,500	21,000	-200	-19,100	-19,300
Total Cash From Operating Activities	60,656	73,114	57,092	95,887	69,534	96,060	71,661	86,685	87,361	117,554	51,547	96,769	75,763	21,023	82,296	31,586	58,457	36,950	36,446	72,266	30,083	69,930	43,843	45,130	35,129	57,637	30,547	66,961	32,914	36,818	19,005	72,005	15,173	48,371	5,143	40,405	31,842	39,134	17,041	43,385	15,593	48,365	3,275	42,625	14,880	22,216	19,222	36,744	13,639	24,723	19,225	37,524	10,076	21,687	15,408	24,657	7,749	60,376	66,653	36,737	37,144	-82,846	30,712	4,495	5,983	-8,111	54,887	2,033	2,691	-3,981	12,960	40,474	3,703	-6,073	12,392	30,915	29,899	12,748	8,645	16,985	8,778	8,462	10,355	17,730	10,064	13,306	8,278	12,458	4,939	14,790	6,251	14,224	6,048	9,412	6,121	13,609	5,500	10,800	4,900	12,300	9,200	7,800	5,900	12,800	1,300	7,300	2,500	10,200	5,400	7,000	4,300	9,400	4,700	3,300	4,400	7,000	7,200	3,300	5,300	4,000
Total Cashflows From Investing Activities	0	0	-26,264	121,674	187,719	-220,760	-285,128	-519,836	-795,613	-591,840	-642,353	-581,844	129,190	-346,024	-478,364	-567,004	-177,944	-164,462	-100,633	-6,428	-90,846	-1,357	-48,460	-135,258	-240,375	34,752	-5,065	-187,356	-227,609	-79,073	7,511	47,211	-80,047	35,599	-98,574	-241,203	-319,592	-82,506	-74,637	-98,470	-155,212	-91,342	-122,247	-187,969	-9,633	-50,551	-87,826	-146,981	-128,149	-74,241	-11,302	-117,338	0	0	0	0	0	38,288	56,642	93,051	0	0	0	34,611	0	0	0	14,735	0	0	0	0	0	0	0	0	0	0	0	13,084	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31
Cost Of Revenue	0	0	0	0	0	0	15,818	15,663	13,773	8,646	7,841	8,596	14,650	22,490	28,693	43,216	60,888	50,689	30,077	17,710	18,309	26,750	46,798	51,227	0	0	0	0	0	0	0
Depreciation And Amortization	912	11,208	12,733	10,852	8,321	3,569	3,908	738	561	275	8,638	149	402	7,102	851	8,014	7,182	8,171	9,361	5,021	9,467	6,203	5,679	6,861	8,800	8,500	5,600	6,000	5,300	8,300	7,400
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
Ebit	243,299	313,868	271,970	242,365	198,032	206,085	165,484	152,213	146,490	131,760	108,656	112,243	107,159	93,255	96,519	109,063	128,484	113,965	91,156	71,035	67,062	72,963	87,016	89,808	80,500	80,700	69,700	61,300	52,500	40,800	37,000
Ebitda	243,299	325,076	284,703	253,217	206,353	209,654	169,392	152,951	147,051	132,035	117,294	112,392	107,561	100,357	97,370	117,077	135,666	122,135	100,516	76,057	76,528	79,166	92,695	96,669	89,300	89,200	75,300	67,300	57,800	49,100	44,400
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
Extraordinary Items	0	0	0	0	0	664	7,650	0	0	0	0	0	0	1,296	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	634,548	520,847	500,566	478,585	387,662	365,242	320,252	303,774	283,658	253,225	227,758	211,893	203,435	185,649	177,769	173,348	159,084	150,534	139,367	122,719	112,262	110,035	99,217	95,069	91,200	88,000	75,000	66,200	57,200	51,800	46,200
Income Before Tax	243,299	280,874	271,970	242,365	198,032	178,175	147,188	135,927	131,818	118,592	104,568	99,360	92,185	78,431	72,350	73,804	69,926	65,337	62,398	54,958	49,931	48,583	42,182	40,979	37,200	34,400	30,200	27,500	24,800	19,500	17,700
Income Tax Expense	44,322	46,399	44,408	40,331	33,220	27,537	34,467	31,153	31,437	29,033	25,700	25,135	23,816	20,068	18,553	20,640	20,437	19,308	18,375	15,787	14,626	14,630	12,827	12,663	11,500	11,100	10,100	9,400	8,400	6,400	5,700
Interest Expense	144,261	31,441	6,042	14,243	30,102	18,930	9,288	5,451	4,088	4,181	4,088	5,112	8,024	13,528	17,274	35,259	58,557	48,628	28,757	16,077	17,131	24,380	44,834	48,829	43,300	46,300	39,500	33,800	27,700	21,300	18,000
Interest Income	530,125	435,694	380,444	364,984	319,192	291,690	245,975	232,288	221,623	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
Net Income	198,977	234,475	227,562	202,034	164,812	150,638	120,371	104,774	100,381	89,559	78,868	74,225	68,369	59,659	53,797	53,164	49,490	46,029	44,023	39,171	35,305	33,953	29,355	28,316	25,700	23,300	20,100	18,100	16,400	13,100	13,300
Net Income Applicable To Common Shares	0	234,475	227,562	202,034	164,812	150,638	120,371	104,774	100,381	89,559	78,868	74,225	68,369	59,659	53,797	53,164	49,490	46,029	44,023	39,171	35,305	33,953	29,355	28,316	0	0	0	0	0	0	0
Net Income From Continuing Ops	198,977	234,475	227,562	202,034	164,812	150,638	120,371	104,774	100,381	89,559	78,868	74,225	68,369	58,363	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	385,864	404,253	374,402	350,741	289,090	272,760	236,687	226,837	217,535	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	243,299	313,868	271,970	242,365	198,032	206,085	165,484	152,213	146,490	131,760	108,656	112,243	107,159	93,255	96,519	109,063	128,484	113,965	91,156	71,035	67,062	72,963	87,016	89,808	80,500	80,700	69,700	61,300	52,500	40,800	37,000
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
Other Operating Expenses	243,299	-206,979	-228,596	-236,220	189,630	159,157	154,768	151,561	137,168	121,465	119,102	99,650	96,276	92,394	81,250	64,285	30,601	36,569	48,211	51,684	45,201	37,072	12,202	5,261	10,700	7,300	5,300	4,900	4,700	11,000	9,200
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
Reconciled Depreciation	12,578	11,208	12,733	12,793	11,665	12,549	12,916	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	2,779	6,385	6,368	4,603	6,813	6,664	6,334	6,284	5,883	5,946	2,774	3,977	3,817	0	2,566	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	144,989	137,844	147,082	136,881	116,100	109,068	97,504	93,686	84,152	76,090	69,814	64,052	60,963	62,489	56,006	52,344	46,944	44,180	40,317	35,529	33,349	31,993	28,685	27,077	26,900	26,700	22,400	19,900	16,700	16,400	14,200
Tax Provision	44,322	46,399	44,408	40,331	33,220	27,537	26,817	31,153	31,437	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	243,299	-206,979	-228,596	-236,220	-189,630	-159,157	-154,768	-151,561	-137,168	-121,465	-119,102	-99,650	-96,276	-92,394	-81,250	-64,285	-30,601	-36,569	-48,211	-51,684	-45,201	-37,072	-12,202	-5,261	-10,700	-7,300	-5,300	-4,900	-4,700	-11,000	-9,200
Total Other Income Expense Net	243,299	-32,994	271,970	242,365	198,032	-27,910	-18,296	-16,286	-14,672	-13,168	-4,088	-12,883	-14,974	-14,824	-24,169	-35,259	-58,557	-48,628	-28,757	-16,077	-17,131	-24,380	-44,834	-48,829	-43,300	-46,300	-39,500	-33,800	-27,700	-21,300	-19,300
Total Revenue	634,548	520,847	500,566	478,585	387,662	365,242	320,252	303,774	283,658	253,225	227,758	211,893	203,435	185,649	177,769	173,348	159,084	150,534	139,367	122,719	112,262	110,035	99,217	95,069	91,200	88,000	75,000	66,200	57,200	51,800	46,200

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,007	6,073	5,572	4,943	4,002	4,281	3,822	3,713	3,436	5,199	3,388	3,640	5,223	3,729	2,562	2,259	1,794	1,965	2,161	2,726	2,237	2,520	1,779	1,305	1,691	1,955	2,114	2,836	2,925	3,208	3,990	4,527	4,878	5,334	6,569	5,709	8,238	7,721	5,935	6,799	10,276	9,584	10,371	12,985	15,605	15,292	15,250	14,741	13,841	13,777	11,988	11,083	9,292	7,805	6,893	6,087	5,314	4,626	3,883	3,887	4,038	4,331	4,708	5,232	6,053	6,470	6,756	7,471	9,632	11,496	12,276	13,394	14,124	12,921	12,157	12,025	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Depreciation And Amortization	228	3,022	2,747	2,539	2,719	2,870	2,842	2,777	3,208	3,253	3,241	3,031	3,046	2,755	2,518	3,087	2,396	2,013	1,551	1,192	978	819	863	911	1,192	885	1,160	168	168	172	199	199	199	200	72	90	64	62	74	75	2,262	2,255	33	10	28	38	38	1,887	1,891	1,861	1,810	111	1,827	1,749	153	159	1,904	1,945	1,942	1,956	2,028	1,844	2,177	1,964	1,798	1,822	1,765	1,797	1,902	1,949	2,511	1,808	2,353	2,409	2,361	2,238	-1,403	2,052	2,363	2,010	2,326	2,439	2,546	2,155	-679	2,692	1,885	2,304	467	2,033	1,500	1,679	1,211	1,824	1,918	1,909	2,100	2,300	2,300	2,100	2,600	1,800	2,300	1,800	1,900	1,200	1,000	1,500	1,300	1,700	1,300	1,700	1,200	1,300	1,200	1,600	2,800	1,900	1,900	1,700	-	-	-	-
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	0	0	0	0	0	0	0	0	0	-	-	-	-
Ebit	55,785	57,382	62,627	89,478	88,262	81,291	75,978	68,337	67,269	72,071	69,102	69,898	72,748	66,158	67,425	51,664	57,121	60,671	60,061	54,796	53,260	54,450	51,709	46,664	42,500	43,788	40,996	38,704	38,496	37,177	39,188	37,353	36,685	37,767	36,924	35,116	33,907	33,952	31,183	32,717	29,290	26,847	28,937	27,660	27,458	29,753	27,859	25,331	25,203	26,401	24,323	25,960	23,659	24,787	24,296	23,725	20,439	22,753	22,642	23,790	24,419	26,359	27,957	30,329	31,765	32,089	33,746	30,635	30,232	28,832	27,865	27,035	23,987	22,588	21,648	22,933	18,836	17,897	16,374	17,846	15,575	16,928	17,752	16,802	17,489	18,286	18,423	18,765	19,859	21,762	22,268	23,126	23,733	22,943	22,087	21,045	20,400	20,200	20,000	19,600	22,900	19,400	19,300	19,300	20,300	17,000	16,400	16,000	15,700	15,400	15,000	15,100	13,500	13,400	14,200	11,600	11,100	10,400	9,900	9,500	-	-	-	-
Ebitda	56,013	60,404	65,374	92,017	90,981	84,161	78,820	71,114	70,477	75,324	72,343	72,929	75,794	68,913	69,943	54,751	59,517	62,684	61,612	55,988	54,238	55,269	52,572	47,575	43,692	44,673	42,156	38,872	38,664	37,349	39,387	37,552	36,884	37,967	36,996	35,206	33,971	34,014	31,257	32,792	31,552	29,102	28,970	27,670	27,486	29,791	27,897	27,218	27,094	28,262	26,133	26,071	25,486	26,536	24,449	23,884	22,343	24,697	24,584	25,746	26,447	28,203	30,133	32,293	33,563	33,911	35,511	32,433	32,134	30,781	30,377	28,843	26,339	24,997	24,009	25,171	17,433	19,949	18,737	19,856	17,902	19,367	20,299	18,957	16,810	20,979	20,308	21,069	20,326	23,795	23,768	24,805	24,943	24,766	24,005	22,954	22,500	22,500	22,300	21,700	25,500	21,200	21,600	21,100	22,200	18,200	17,400	17,500	17,000	17,100	16,300	16,800	14,700	14,700	15,400	13,200	13,900	12,300	11,800	11,200	3,100	3,400	3,400	3,400
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	664	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,296	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	164,287	122,219	122,592	121,094	129,507	131,086	132,898	127,352	126,484	130,573	122,583	120,926	123,435	124,956	123,544	106,445	100,250	98,680	97,164	91,568	92,482	94,137	90,894	87,729	81,261	81,947	80,452	76,593	76,140	76,780	75,944	74,910	75,502	74,797	68,311	65,049	65,008	64,525	62,178	61,870	60,742	62,566	55,084	51,089	53,700	54,618	52,020	51,555	50,977	52,221	50,070	50,169	49,024	46,840	46,028	43,756	44,606	45,462	44	43,460	44,041	43,690	43,476	42,142	41,643	39,730	40,218	37,493	38,017	37,891	37,497	37,129	34,754	34,143	34,264	36,207	31,679	31,148	29,605	30,287	27,578	27,968	29,016	27,706	28,301	28,022	27,364	26,325	25,715	25,391	24,495	23,621	24,131	23,804	23,692	23,441	23,300	23,000	22,700	22,400	25,700	21,100	20,800	20,400	22,100	18,100	17,600	17,200	16,800	16,700	16,400	16,300	14,200	13,900	15,700	13,500	13,100	13,000	12,700	12,800	-	-	-	-
Income Before Tax	56,013	60,404	62,627	64,256	70,708	71,436	72,416	66,313	65,975	70,569	67,454	67,972	70,574	63,192	64,133	44,466	49,781	51,947	50,687	45,619	45,036	47,525	44,850	40,764	37,660	38,569	36,755	34,204	34,274	33,043	35,175	33,435	32,762	33,907	33,387	31,763	29,915	31,274	27,963	29,440	28,216	25,683	25,910	24,759	24,425	26,628	24,516	23,791	23,499	24,547	22,258	21,881	20,772	20,146	19,104	18,408	16,566	18,738	18	18,751	17,826	18,541	19,026	18,412	17,536	17,273	18,733	16,136	16,638	16,147	16,267	16,285	14,963	15,100	15,079	17,255	14,136	13,804	12,799	14,219	11,747	12,831	13,270	12,083	12,245	12,468	12,177	11,692	10,789	10,804	10,489	10,099	10,420	10,449	10,349	9,761	9,400	9,400	9,400	8,900	9,800	8,400	8,300	8,100	8,000	7,600	7,400	7,200	7,000	7,000	6,700	6,700	6,100	6,100	7,300	5,400	5,200	5,000	4,700	4,500	-	-	-	-
Income Tax Expense	10,031	10,848	11,754	11,688	12,040	12,095	11,922	10,341	10,638	11,641	11,075	11,054	12,099	10,335	10,663	7,234	8,393	8,867	8,594	7,367	6,599	7,475	7,217	6,245	9,167	9,195	8,500	7,605	7,608	7,440	8,366	7,739	7,570	8,021	8,080	7,766	7,328	7,843	6,758	7,104	6,977	6,121	6,420	6,182	6,107	6,828	6,165	6,035	6,032	6,460	5,738	5,586	5,257	5,213	4,906	4,691	4,025	4,752	5	5,048	4,787	5,179	5,424	5,250	5,030	5,022	5,463	4,674	4,929	4,742	4,819	4,818	4,382	4,338	4,475	5,179	4,078	3,951	3,632	4,126	3,226	3,716	4,049	3,634	3,694	3,768	3,655	3,514	3,258	3,271	3,202	3,096	3,191	3,237	3,220	3,014	2,800	2,900	2,900	2,800	3,100	2,700	2,700	2,700	2,600	2,600	2,500	2,400	2,400	2,400	2,300	2,300	2,100	2,100	2,500	1,800	1,700	1,700	1,500	1,400	-3,100	-3,400	-3,400	-3,400
Interest Expense	44,699	41,202	33,139	25,222	17,100	9,572	3,199	1,570	1,187	1,416	1,653	1,786	1,920	2,163	2,962	7,198	6,801	7,953	7,961	7,387	6,207	4,623	4,467	3,633	2,562	2,866	2,097	1,763	1,443	1,366	1,330	1,312	1,046	1,065	1,008	970	1,039	1,069	1,037	1,036	1,074	1,164	946	904	1,049	1,168	1,355	1,540	1,704	1,854	2,065	2,400	2,887	3,345	3,596	3,699	3,873	4,015	4	5,039	6,593	7,819	8,931	11,917	14,229	14,816	15,013	14,499	13,594	12,685	11,598	10,750	9,023	7,488	6,569	5,677	4,699	4,094	3,575	3,627	3,829	4,098	4,482	4,718	5,244	5,818	6,246	7,072	9,070	10,958	11,779	13,027	13,312	12,494	11,738	11,284	11,000	10,800	10,600	10,700	13,100	11,000	11,000	11,200	12,300	9,400	9,000	8,800	8,700	8,400	8,300	8,400	7,400	7,300	6,900	6,200	5,900	5,400	5,200	5,000	-	-	-	-
Interest Income	142,742	135,351	129,480	121,854	121,381	113,392	103,630	97,292	97,202	98,944	93,306	90,992	92,692	91,373	92,197	88,100	82,123	80,591	79,576	76,901	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income	45,980	49,556	50,873	52,568	58,668	59,341	60,494	55,972	55,337	58,928	56,379	56,918	58,475	52,857	53,470	37,232	41,388	43,080	42,093	38,252	38,437	40,050	37,633	34,519	36,143	29,374	28,255	26,599	26,666	25,603	26,809	25,696	25,192	25,886	25,307	23,997	22,587	23,431	21,205	22,336	21,239	19,562	19,490	18,577	18,318	19,800	18,351	17,756	17,467	18,087	16,520	16,295	15,515	16,229	14,198	13,717	12,541	13,986	14	13,704	13,039	13,361	13,602	13,162	12,506	12,251	13,270	11,462	11,709	11,405	11,448	11,467	10,581	10,762	10,604	12,076	10,058	9,853	9,168	10,093	8,520	9,114	9,221	8,450	8,551	8,700	8,522	8,179	7,531	7,533	7,287	7,004	7,229	7,212	7,129	6,747	6,600	6,500	6,500	6,100	6,700	5,700	5,600	5,400	5,400	5,000	4,900	4,800	4,600	4,600	4,400	4,400	4,000	4,000	4,800	3,600	3,500	3,300	3,200	3,100	3,100	3,400	3,400	3,400
Net Income Applicable To Common Shares	0	49,556	49,556	52,568	58,668	59,341	60,494	55,972	55,337	58,928	56,379	56,918	58,475	52,857	53,470	37,232	41,387	43,080	42,093	38,252	38,436	40,050	37,633	34,519	36,143	29,374	28,255	26,599	26,666	25,603	26,809	25,696	25,191	25,886	25,307	23,997	22,587	23,431	21,205	22,336	21,239	19,562	19,490	18,577	18,318	19,800	18,351	17,756	17,467	18,087	16,520	16,295	15,515	16,229	14,198	13,717	12,541	13,986	13,566	13,704	13,039	13,361	13,602	13,162	12,507	12,250	13,271	11,462	11,709	11,405	11,448	11,467	10,581	10,762	10,604	12,076	10,058	9,853	9,167	10,093	8,520	9,115	9,220	8,450	8,552	8,701	8,521	8,179	7,531	7,533	7,287	7,004	7,229	7,212	7,128	6,747	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Income From Continuing Ops	45,980	49,556	50,873	52,568	58,668	59,341	60,494	55,972	55,337	58,928	56,379	56,918	58,475	52,857	53,470	37,232	41,387	43,080	42,093	38,252	38,436	40,050	37,633	34,519	36,143	29,374	28,255	26,599	26,666	25,603	26,809	25,696	25,191	25,886	25,307	23,997	22,587	23,431	21,205	22,336	21,239	19,562	19,490	18,577	18,318	19,800	18,351	17,756	17,467	18,087	16,520	16,295	0	14,933	14,198	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	98,044	94,149	96,341	96,632	104,281	103,820	100,431	95,722	96,015	97,528	91,653	89,206	90,772	89,210	89,235	80,902	75,322	72,638	71,615	69,514	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	56,013	60,404	62,627	89,478	88,262	81,291	75,978	68,337	67,162	1,087	534	287	72,748	621	728	576	57,121	507	480	266	53,260	981	305	566	42,500	1,081	574	985	38,496	37,177	39,188	37,353	36,685	37,767	36,924	35,116	33,907	33,952	31,183	32,717	29,290	26,847	28,937	27,660	27,458	29,753	27,859	25,331	25,203	26,401	24,323	25,960	23,659	24,787	24,296	23,725	20,439	22,753	22,642	23,790	24,419	26,359	27,957	30,329	31,765	32,089	33,746	30,635	30,232	28,832	27,865	27,035	23,987	22,588	21,648	22,933	18,836	17,897	16,374	17,846	15,575	16,928	17,752	16,802	17,489	18,286	18,423	18,765	19,859	21,762	22,268	23,126	23,733	22,943	22,087	21,045	20,400	20,200	20,000	19,600	22,900	19,400	19,300	19,300	20,300	17,000	16,400	16,000	15,700	15,400	15,000	15,100	13,500	13,400	14,200	11,600	11,100	10,400	9,900	9,500	3,100	3,400	3,400	3,400
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Operating Expenses	56,013	-61,815	-59,965	2,365	41,245	2,219	56,920	2,225	59,322	2,406	2,392	2,139	50,687	2,237	2,497	2,594	43,129	1,902	1,987	1,832	39,222	2,174	2,026	2,413	38,761	2,036	2,025	1,817	37,644	1,883	1,650	1,564	38,817	1,148	1,157	1,065	31,101	1,205	963	1,080	31,452	1,363	1,027	803	26,242	838	689	737	25,774	730	834	972	25,365	712	636	693	24,167	22,709	22,598	19,669	19,622	17,331	15,519	11,813	9,878	7,642	6,472	6,858	7,785	9,059	9,631	10,094	10,767	11,555	12,616	13,275	12,844	13,251	13,231	12,441	12,003	11,040	11,264	10,905	10,812	9,736	8,941	7,560	5,855	3,629	2,227	495	399	862	1,605	2,396	2,900	2,800	2,700	2,800	2,800	1,700	1,500	1,100	1,800	1,100	1,200	1,200	1,100	1,300	1,400	1,200	700	500	1,500	1,900	2,000	2,600	2,800	3,300	3,100	3,400	3,400	3,400
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Reconciled Depreciation	3,288	3,022	2,747	2,539	2,719	2,870	2,842	2,777	3,208	3,253	3,241	3,031	3,300	3,558	2,848	3,087	2,935	2,784	2,964	2,982	2,995	3,121	3,255	3,178	3,469	3,238	3,304	2,905	2,946	2,940	2,882	2,805	3,076	2,995	2,601	2,473	3,018	1,671	2,257	2,316	2,262	2,255	2,114	2,007	2,012	1,995	2,026	1,887	1,891	1,861	1,810	1,790	1,827	1,749	1,749	1,777	1,904	1,945	1,942	1,956	2,028	1,844	2,177	1,964	1,798	1,822	1,765	1,797	1,902	1,949	2,511	1,808	2,353	2,409	2,361	2,238	-1,403	2,052	2,363	2,010	2,326	2,439	2,546	2,155	-679	2,692	1,885	2,304	467	2,033	1,500	1,679	1,211	1,824	1,918	1,909	2,100	2,300	2,300	2,100	2,600	1,800	2,300	1,800	1,900	1,200	1,000	1,500	1,300	1,700	1,300	1,700	1,200	1,300	1,200	1,600	2,800	1,900	1,900	1,700	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Selling And Marketing Expenses	489	808	1,789	1,475	1,646	1,692	1,554	1,493	1,842	1,746	1,392	1,388	1,600	797	1,011	320	1,791	1,745	1,630	1,648	1,805	1,709	1,576	1,575	1,689	1,527	1,576	1,544	1,574	1,729	1,537	1,444	1,481	1,564	1,484	1,353	1,515	1,591	1,465	1,375	914	699	1,100	994	1,085	998	953	0	0	0	0	808	0	0	785	700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	39,504	2,425	33,923	33,115	33,977	34,809	34,552	35,547	36,487	38,337	35,812	35,632	41,681	34,236	31,277	30,312	31,641	28,565	27,932	27,962	27,858	26,947	27,494	26,769	24,981	24,704	24,015	23,806	23,863	23,444	22,965	23,414	22,749	22,467	19,922	19,013	21,416	22,066	17,958	18,073	18,560	18,343	16,719	15,752	16,269	16,070	16,046	15,261	14,894	15,112	15,094	15,856	19,065	14,718	13,581	13,801	15,389	13,527	15,011	12,737	14,800	12,452	12,545	12,548	12,334	11,723	11,448	11,439	10,791	10,963	11,128	12,198	10,267	10,058	10,113	9,879	8,770	9,095	8,873	8,791	8,507	8,029	8,592	8,221	8,343	7,940	7,871	7,839	7,547	7,266	6,986	6,886	6,734	6,718	6,794	6,831	6,600	6,700	6,800	6,800	7,700	6,400	6,300	6,300	6,700	5,400	5,300	5,100	5,100	5,000	4,900	4,900	4,300	4,200	4,200	4,100	4,100	4,000	4,100	4,200	-	-	-	-
Tax Provision	10,031	10,848	11,754	11,688	12,040	12,095	11,922	10,341	10,638	11,641	11,075	11,054	12,099	10,335	10,663	7,234	8,393	8,867	8,594	7,367	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	56,013	-61,815	-59,965	2,365	-41,245	2,219	-56,920	2,225	-59,322	2,406	2,392	2,139	-50,687	2,237	2,497	2,594	-43,129	1,902	1,987	1,832	-39,222	2,174	2,026	2,413	-38,761	2,036	2,025	1,817	-37,644	1,883	1,650	1,564	-38,817	1,148	1,157	1,065	-31,101	1,205	963	1,080	-31,452	1,363	1,027	803	-26,242	838	689	737	-25,774	730	834	972	-25,365	712	636	693	-24,167	-22,709	22,598	-19,669	-19,622	-17,331	-15,519	-11,813	-9,878	-7,642	-6,472	-6,858	-7,785	-9,059	-9,631	-10,094	-10,767	-11,555	-12,616	-13,275	-12,844	-13,251	-13,231	-12,441	-12,003	-11,040	-11,264	-10,905	-10,812	-9,736	-8,941	-7,560	-5,855	-3,629	-2,227	-495	-399	-862	-1,605	-2,396	-2,900	-2,800	-2,700	-2,800	-2,800	-1,700	-1,500	-1,100	-1,800	-1,100	-1,200	-1,200	-1,100	-1,300	-1,400	-1,200	-700	-500	-1,500	-1,900	-2,000	-2,600	-2,800	-3,300	3,100	3,400	3,400	3,400
Total Other Income Expense Net	56,013	59,445	61,771	-25,222	-17,554	-9,855	-3,562	-2,024	-1,187	69,482	66,920	67,685	-2,174	62,571	63,405	43,890	-7,340	51,440	50,207	45,353	-8,224	46,544	44,545	40,198	-4,840	37,488	36,181	33,219	-4,222	-4,134	-4,013	-3,918	-3,923	-3,860	-3,537	-3,353	-3,992	-2,678	-3,220	-3,277	-1,074	-1,164	-3,027	-2,901	-3,033	-3,125	-3,343	-1,540	-1,704	-1,854	-2,065	-4,079	-2,887	-4,641	-5,192	-5,317	-3,873	-4,015	-22,624	-5,039	-6,593	-7,819	-8,931	-11,917	-14,229	-14,816	-15,013	-14,499	-13,594	-12,685	-11,598	-10,750	-9,023	-7,488	-6,569	-5,677	-4,699	-4,094	-3,575	-3,627	-3,829	-4,098	-4,482	-4,718	-5,244	-5,818	-6,246	-7,072	-9,070	-10,958	-11,779	-13,027	-13,312	-12,494	-11,738	-11,284	-11,000	-10,800	-10,600	-10,700	-13,100	-11,000	-11,000	-11,200	-12,300	-9,400	-9,000	-8,800	-8,700	-8,400	-8,300	-8,400	-7,400	-7,300	-6,900	-6,200	-5,900	-5,400	-5,200	-5,000	-	-	-	-
Total Revenue	164,287	122,219	122,592	121,094	129,507	131,086	132,898	127,352	126,484	130,573	122,583	120,926	123,435	124,956	123,544	106,445	100,250	98,680	97,164	91,568	92,482	94,137	90,894	87,729	81,261	81,947	80,452	76,593	76,140	76,780	75,944	74,910	75,502	74,797	68,311	65,049	65,008	64,525	62,178	61,870	60,742	62,566	55,084	51,089	53,700	54,618	52,020	51,555	50,977	52,221	50,070	50,169	49,024	46,840	46,028	43,756	44,606	45,462	44	43,460	44,041	43,690	43,476	42,142	41,643	39,730	40,218	37,493	38,017	37,891	37,497	37,129	34,754	34,143	34,264	36,207	31,679	31,148	29,605	30,287	27,578	27,968	29,016	27,706	28,301	28,022	27,364	26,325	25,715	25,391	24,495	23,621	24,131	23,804	23,692	23,441	23,300	23,000	22,700	22,400	25,700	21,100	20,800	20,400	22,100	18,100	17,600	17,200	16,800	16,700	16,400	16,300	14,200	13,900	15,700	13,500	13,100	13,000	12,700	12,800	-	-	-	-

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

Gross Profit (+$)
totalRevenue	634,548
Cost of Revenue	-0
Gross Profit	634,548	634,548

Operating Income (+$)
Gross Profit	634,548
Operating Expense	-243,299
Operating Income	243,299	391,249

Operating Expense (+$)
Research Development	0
Selling General Administrative	144,989
Selling And Marketing Expenses	2,779
Operating Expense	243,299	147,768

Net Interest Income (+$)
Interest Income	530,125
Interest Expense	-144,261
Other Finance Cost	-0
Net Interest Income	385,864

Pretax Income (+$)
Operating Income	243,299
Net Interest Income	385,864
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	243,299	0 EBIT - interestExpense = 99,038 243,299 343,238
Interest Expense	144,261
Earnings Before Interest and Taxes (EBIT)	243,299	387,560
Earnings Before Interest and Taxes (EBITDA)	243,299

After tax Income (+$)
Income Before Tax	243,299
Tax Provision	-44,322
Net Income From Continuing Ops	198,977	198,977
Net Income	198,977
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	243,299
Total Other Income/Expenses Net	243,299	-385,864

Technical Analysis of First Financial Bankshares Inc
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of First Financial Bankshares Inc. The general trend of First Financial Bankshares Inc is BULLISH with 28.6% 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 First Financial Bankshares Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (28.6%)		Bearish trend (-28.6%)
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 First Financial Bankshares Inc.

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

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

The bullish price targets are: 32.27 < 32.38 < 32.52.

The bearish price targets are: 27.54 > 27.51 > 27.19.

Tweet this

First Financial Bankshares 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 First Financial Bankshares Inc. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

First Financial Bankshares 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 First Financial Bankshares Inc. The current macd is -0.33597466.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

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

First Financial Bankshares 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 First Financial Bankshares Inc. The current adx is 14.73.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell First Financial Bankshares Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

First Financial Bankshares 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 First Financial Bankshares Inc. The current sar is 30.88.

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

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

First Financial Bankshares 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 First Financial Bankshares Inc. The current rsi is 49.72. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

First Financial Bankshares 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 First Financial Bankshares Inc. The current phase is Continuation in bull market.

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

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

First Financial Bankshares 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 First Financial Bankshares Inc. The current cci is -22.27332144.

First Financial Bankshares 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 First Financial Bankshares Inc. The current cmo is 5.32915577.

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

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

First Financial Bankshares 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 First Financial Bankshares Inc. The current willr is -46.25322997.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that First Financial Bankshares Inc is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

First Financial Bankshares 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 First Financial Bankshares Inc.

First Financial Bankshares 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 First Financial Bankshares Inc. The current atr is 0.88481405.

First Financial Bankshares 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 First Financial Bankshares Inc. The current obv is -23,228,041.

First Financial Bankshares 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 First Financial Bankshares Inc. The current mfi is 38.76.

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

MFI < 50: -1

First Financial Bankshares Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for First Financial Bankshares 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	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	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).
2023-12-04	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	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).
2023-12-14	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-01-03	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-08	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.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-22	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-24	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-01-26	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-07	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.
2024-02-09	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-02-13	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-15	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.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-23	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-26	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-28	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-05	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	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
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-06	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-13	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.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-14	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	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).
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-21	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-22	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-27	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.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	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
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-28	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-04	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-05	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-08	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-10	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-12	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-17	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-04-19	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-04-22	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-24	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.

6.3. Candlestick Patterns

First Financial Bankshares Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of First Financial Bankshares Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	49.724
Ma 20	Greater than	Ma 50	30.686
Ma 50	Greater than	Ma 100	31.007
Ma 100	Greater than	Ma 200	30.353
Open	Greater than	Close	30.130
Total			2/5 (40.0%)

Create your own Symbol Scanner

Get notifications about First Financial Bankshares Inc

I send you an email if I find something interesting about First Financial Bankshares Inc.

First Financial Bankshares Inc Buy, Hold or Sell?

Let's analyse First Financial Bankshares Inc together

Get notifications about First Financial Bankshares Inc

Quick analysis of First Financial Bankshares Inc (30 sec.)

What can you expect buying and holding a share of First Financial Bankshares Inc? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of First Financial Bankshares Inc (5 min.)

$30.48

$10.49

$5.56 - $23.50

$16.05 - $33.98

2. Growth of First Financial Bankshares Inc (5 min.)

Is First Financial Bankshares Inc growing?

How much money is First Financial Bankshares Inc making?

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

3. Financial Health of First Financial Bankshares Inc (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

What can you expect buying and holding a share of First Financial Bankshares Inc? (5 min.)

What can you expect buying and holding a share of First Financial Bankshares Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of First Financial Bankshares Inc

About First Financial Bankshares Inc

Financial Health

Valuation

1.1. Profitability of First Financial Bankshares Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of First Financial Bankshares Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of First Financial Bankshares Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of First Financial Bankshares Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of First Financial Bankshares Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

First Financial Bankshares Inc
Buy, Hold or Sell?