Financial Institutions Inc
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Penke I guess you are interested in Financial Institutions 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 Financial Institutions Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of Financial Institutions Inc (30 sec.)

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

How much money do you get?

$1.28

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$29.32

Expected worth in 1 year

$67.56

How sure are you?

82.5%

+ What do you gain per year?

Total Gains per Share

$39.52

Return On Investment

226.9%

For what price can you sell your share?

Current Price per Share

$17.42

Expected price per share

$14.75 - $19.45

How sure are you?

50%

1. Valuation of Financial Institutions Inc (5 min.)

Live pricePrice per Share (EOD)

$17.42

Book Value per Share

$29.32

Intrinsic Value Per Share

$-351.86 - $-88.01

Total Value Per Share

$-322.54 - $-58.69

My calculation of the intrinsic value of Financial Institutions 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: ($0.70) 3Y: ($0.76) TTM: ($-0.75)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.17) 3Y: ($-0.67) TTM: ($-0.46)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-3.68	$1.31	$-7.87 - $0.31
2	$-16.87	$0.00	$-18.55 - $-2.40
3	$-38.48	$-3.78	$-29.23 - $-5.11
4	$-67.51	$-9.88	$-39.91 - $-7.82
5	$-103.06	$-18.17	$-50.59 - $-10.53
6	$-144.28	$-28.52	$-61.26 - $-13.24
7	$-190.44	$-40.80	$-71.94 - $-15.95
8	$-240.83	$-54.88	$-82.62 - $-18.66
9	$-294.83	$-70.65	$-93.30 - $-21.38
10	$-351.86	$-88.01	$-103.98 - $-24.09

2. Growth of Financial Institutions Inc (5 min.)

Is Financial Institutions Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$454.7m	-$111.9m	$262.3m	174.4%

How much money is Financial Institutions Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$12.5m	$14.1m	-$1.5m	-12.6%
Net Profit Margin	21.9%	26.7%	-	-

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

Quarterly Yearly

3. Financial Health of Financial Institutions 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 Financial Institutions Inc? (5 min.)

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

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

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

Speculation

The Price per Share of Financial Institutions Inc is $17.42. 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 Financial Institutions 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 Financial Institutions 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 $29.32. Based on the TTM, the Book Value Change Per Share is $9.56 per quarter. Based on the YOY, the Book Value Change Per Share is $-2.02 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 $0.32 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Financial Institutions 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	0.63	3.6%	0.81	4.6%	0.89	5.1%	0.84	4.8%	0.67	3.8%
Usd Book Value Change Per Share	2.89	16.6%	9.56	54.9%	-2.02	-11.6%	0.23	1.3%	0.32	1.8%
Usd Dividend Per Share	0.32	1.8%	0.32	1.8%	0.31	1.8%	0.29	1.7%	0.26	1.5%
Usd Total Gains Per Share	3.21	18.4%	9.88	56.7%	-1.71	-9.8%	0.52	3.0%	0.58	3.3%
Usd Price Per Share	21.30	-	18.29	-	26.15	-	24.69	-	26.18	-
Price to Earnings Ratio	8.45	-	5.91	-	7.38	-	11.68	-	12.89	-
Price-to-Total Gains Ratio	6.64	-	-19.61	-	1.73	-	22.89	-	20.38	-
Price to Book Ratio	0.73	-	-0.69	-	-4.08	-	-4.34	-	-1.51	-
Price-to-Total Gains Ratio	6.64	-	-19.61	-	1.73	-	22.89	-	20.38	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	17.42
Number of shares	57

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.32	0.29
Usd Book Value Change Per Share	9.56	0.23
Usd Total Gains Per Share	9.88	0.52
Gains per Quarter (57 shares)	563.14	29.55
Gains per Year (57 shares)	2,252.56	118.20

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	73	2180	2243	67	51	108
2	146	4359	4496	134	103	226
3	218	6539	6749	200	154	344
4	291	8719	9002	267	206	462
5	364	10899	11255	334	257	580
6	437	13078	13508	401	308	698
7	510	15258	15761	468	360	816
8	583	17438	18014	535	411	934
9	655	19618	20267	601	462	1052
10	728	21797	22520	668	514	1170

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%	97.0	3.0	0.0	97.0%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	6.0	6.0	0.0	50.0%	14.0	6.0	0.0	70.0%	30.0	10.0	0.0	75.0%	77.0	23.0	0.0	77.0%
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%	100.0	0.0	0.0	100.0%
Total Gains per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	15.0	5.0	0.0	75.0%	33.0	7.0	0.0	82.5%	81.0	19.0	0.0	81.0%

Fundamentals of Financial Institutions Inc

About Financial Institutions Inc

https://www.fisi-investors.com
Banks - Regional
624
220 Liberty Street, Warsaw, NY, United States, 14569
Google Maps Bing Maps

Financial Institutions, Inc. operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company provides checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts, as well as NOW accounts. Its loan products include term loans and lines of credit; short and medium-term commercial loans for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry; commercial mortgage loans; one-to-four family residential mortgage loans, home improvement loans, closed-end home equity loans, and home equity lines of credit; and consumer loans, such as automobile, secured installment, and personal loans. The company offers personal insurance products, including automobile, homeowners, boat, recreational vehicle, landlord, and umbrella coverage; commercial insurance comprising property, liability, automobile, inland marine, workers compensation, bonds, crop, and umbrella insurance products; and financial services, such as life and disability insurance, medicare supplements, long-term care, annuities, mutual funds, and retirement programs. In addition, it offers customized investment advisory, wealth management, investment consulting, and retirement plan services, as well as operates a real estate investment trust that holds residential mortgages and commercial real estate loans. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.

Fundamental data was last updated by Penke on 2024-04-11 07:54:03.

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Financial Institutions Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Financial Institutions Inc to the Banks - Regional industry mean.
A Net Profit Margin of 10.7% means that $0.11 for each $1 in revenue is generated as profit.

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

The MRQ is 10.7%. The company is making a huge profit. +2
The TTM is 21.9%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	10.7%	TTM	21.9%	-11.2%
TTM	21.9%	YOY	26.7%	-4.8%
TTM	21.9%	5Y	27.4%	-5.5%
5Y	27.4%	10Y	25.5%	+1.9%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	10.7%	18.4%	-7.7%
TTM	21.9%	28.0%	-6.1%
YOY	26.7%	25.2%	+1.5%
5Y	27.4%	22.8%	+4.6%
10Y	25.5%	19.8%	+5.7%

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

Revenue is the amount of profit Financial Institutions 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 Financial Institutions 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 Financial Institutions 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, Financial Institutions Inc makes more profit. This shows the investor how efficiently Financial Institutions Inc is operating in general and compared to other companies in the same industry. Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc is 0.11. This means that Financial Institutions Inc earned $0.11 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Financial Institutions Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc = 9,780
Total revenue MRQ Financial Institutions Inc = 91,311
$9,780 / $91,311 = 0.11 or 10.7%

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 Financial Institutions Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Financial Institutions Inc to the Banks - Regional industry mean.
0.2% Return on Assets means that Financial Institutions Inc generated $0.00 profit for each $1 in assets.

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

The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.2%	TTM	0.2%	-0.1%
TTM	0.2%	YOY	0.3%	-0.1%
TTM	0.2%	5Y	0.3%	-0.1%
5Y	0.3%	10Y	0.2%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.2%	0.1%	+0.1%
TTM	0.2%	0.2%	+0.0%
YOY	0.3%	0.2%	+0.1%
5Y	0.3%	0.2%	+0.1%
10Y	0.2%	0.2%	+0.0%

Shows how efficient Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc is using its resources to generate profit. If the return on assets (0.2%) from Financial Institutions Inc are higher than the Banks - Regional mean (0.1%) that means Financial Institutions 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 Financial Institutions Inc is 0.2%. 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Financial Institutions Inc = 9,780
Total assets MRQ (balance sheet) from Financial Institutions Inc = 6,178,335
9,780 / 6,178,335 = 0.00 or 0.2%

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

Above 15%-20% is considered healthy but always compare Financial Institutions Inc to the Banks - Regional industry mean.
2.2% Return on Equity means Financial Institutions Inc generated $0.02 for each $1 the owners (shareholders) invested.

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

The MRQ is 2.2%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 0.5%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.2%	TTM	0.5%	+1.6%
TTM	0.5%	YOY	-	+0.5%
TTM	0.5%	5Y	32.7%	-32.1%
5Y	32.7%	10Y	17.6%	+15.1%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	2.2%	1.4%	+0.8%
TTM	0.5%	2.5%	-2.0%
YOY	-	2.7%	-2.7%
5Y	32.7%	2.5%	+30.2%
10Y	17.6%	2.8%	+14.8%

Shows how efficient Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc is 2.2%. This means Financial Institutions Inc generated $0.02 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions Inc up to 10 years back (depending if Financial Institutions 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 Financial Institutions Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Financial Institutions Inc = 9,780
Shareholders equity (balance sheet) MRQ Financial Institutions Inc = 454,796
9,780 / 454,796 = 0.02 or 2.2%

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 Financial Institutions Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Financial Institutions Inc is operating .

Measures how much profit Financial Institutions 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 Financial Institutions Inc to the Banks - Regional industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

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

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	33.4%	-33.4%
TTM	33.4%	YOY	50.2%	-16.9%
TTM	33.4%	5Y	49.0%	-15.6%
5Y	49.0%	10Y	46.2%	+2.8%

Measures how efficient Financial Institutions 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 Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc is 0.0%. This means that Financial Institutions Inc earned $0.00 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Financial Institutions Inc = 0
Total revenue MRQ Financial Institutions Inc = 91,311
$0 / $91,311 = 0.00 or 0.0%

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 Financial Institutions Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.15 means that the operating costs are $0.15 for each $1 in net sales.

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

The MRQ is 0.145. The company is very efficient in keeping operating costs low. +2
The TTM is -0.304.

Trends

Current period		Compared to		+/-
MRQ	0.145	TTM	-0.304	+0.449
TTM	-0.304	YOY	0.012	-0.316
TTM	-0.304	5Y	-0.043	-0.261
5Y	-0.043	10Y	0.077	-0.120

Measures how efficient Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc is 14.5%. This means that Financial Institutions Inc earned $0.15 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions 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 Financial Institutions 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 +13,278) \ 91,311 = 0.15

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 Financial Institutions Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Financial Institutions 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 0.05 means the company has $0.05 in assets for each $1 in short-term debts.

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

The MRQ is 0.046. The company is unable to pay all its short-term debts. -2
The TTM is 3.200. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	0.046	TTM	3.200	-3.154
TTM	3.200	YOY	22.345	-19.145
TTM	3.200	5Y	125.831	-122.631
5Y	125.831	10Y	67.499	+58.332

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	3.200	0.124	+3.076
YOY	22.345	0.225	+22.120
5Y	125.831	0.219	+125.612
10Y	67.499	0.131	+67.368

Measures if Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc is 0.05. This means Financial Institutions Inc has $0.05 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
149,694 \ 3,241,663) = 0.05

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

Above 1 is considered healthy but always compare Financial Institutions Inc to the Banks - Regional industry mean.
A Quick Ratio of 0.67 means the company can pay off $0.67 for each $1 in debt (using most liquid assets).

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

The MRQ is 0.667. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 8.378. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.667	TTM	8.378	-7.711
TTM	8.378	YOY	40.058	-31.680
TTM	8.378	5Y	58.173	-49.796
5Y	58.173	10Y	31.474	+26.699

Measures if Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc can pay off its short term debts. This shows if Financial Institutions 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 Financial Institutions Inc is 0.67. This means that Financial Institutions Inc can pay off $0.67 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc: (1,249,928 + 887,730 +24,481) / 3,241,663 = 0.67

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 Financial Institutions Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Financial Institutions Inc to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.93 means that Financial Institutions Inc assets are financed with 92.6% credit (debt) and the remaining percentage (100% - 92.6%) is financed by its owners/shareholders.

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

The MRQ is 0.926. The company is just able to pay all its debts by selling its assets.
The TTM is 0.977. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.926	TTM	0.977	-0.050
TTM	0.977	YOY	1.022	-0.045
TTM	0.977	5Y	0.952	+0.024
5Y	0.952	10Y	0.932	+0.021

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.926	0.915	+0.011
TTM	0.977	0.917	+0.060
YOY	1.022	0.919	+0.103
5Y	0.952	0.919	+0.033
10Y	0.932	0.927	+0.005

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Financial Institutions 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 Financial Institutions Inc is 0.93. This means means that Financial Institutions Inc is financed with 92.6% 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Financial Institutions Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
5,723,539 \ 6,178,335 = 92.6% or 0.93.

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

Below 2 is considered healthy but always compare Financial Institutions Inc to the Banks - Regional industry mean.
A Debt to Equity ratio of 1,258.5% means that company has $12.58 debt for each $1 in shareholders equity.

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

The MRQ is 12.585. The company is unable to pay all its debts with equity. -1
The TTM is 3.146. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	12.585	TTM	3.146	+9.439
TTM	3.146	YOY	-	+3.146
TTM	3.146	5Y	105.529	-102.383
5Y	105.529	10Y	57.864	+47.665

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	12.585	10.829	+1.756
TTM	3.146	11.013	-7.867
YOY	-	11.363	-11.363
5Y	105.529	11.437	+94.092
10Y	57.864	13.038	+44.826

Measures if Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc is 12.58. This means that Financial Institutions Inc can pay off $12.58 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
5,723,539 \ 454,796 = 12.58 or 1,258.5%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Financial Institutions 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 Financial Institutions Inc generates.

Above 15 is considered overpriced but always compare Financial Institutions Inc to the Banks - Regional industry mean.
A PE ratio of 8.45 means the investor is paying $8.45 for every $1 in earnings.

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

The EOD is 6.907. Based on the earnings, the company is cheap. +2
The MRQ is 8.445. Based on the earnings, the company is underpriced. +1
The TTM is 5.913. Based on the earnings, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	6.907	MRQ	8.445	-1.538
MRQ	8.445	TTM	5.913	+2.533
TTM	5.913	YOY	7.382	-1.469
TTM	5.913	5Y	11.681	-5.768
5Y	11.681	10Y	12.892	-1.211

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	6.907	7.548	-0.641
MRQ	8.445	6.680	+1.765
TTM	5.913	5.295	+0.618
YOY	7.382	6.943	+0.439
5Y	11.681	9.770	+1.911
10Y	12.892	9.943	+2.949

Measures how much money you pay for each share for every $1 in earnings Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc is 8.45. This means the investor is paying $8.45 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 Financial Institutions Inc is performing over time. The most recent quarter might be important if Financial Institutions 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 Financial Institutions 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 Financial Institutions 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 \ 15,511 = EPS
PE ratio MRQ = 8.45

* 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 Financial Institutions Inc:

The EOD is -0.654. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -0.800. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 5.358. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-0.654	MRQ	-0.800	+0.146
MRQ	-0.800	TTM	5.358	-6.158
TTM	5.358	YOY	3.839	+1.520
TTM	5.358	5Y	8.843	-3.485
5Y	8.843	10Y	11.847	-3.004

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	-0.654	-2.110	+1.456
MRQ	-0.800	-1.868	+1.068
TTM	5.358	-0.342	+5.700
YOY	3.839	6.448	-2.609
5Y	8.843	0.429	+8.414
10Y	11.847	0.091	+11.756

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Financial Institutions 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 0.73 means the investor is paying $0.73 for each $1 in book value.

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

The EOD is 0.594. Based on the equity, the company is cheap. +2
The MRQ is 0.726. Based on the equity, the company is cheap. +2
The TTM is -0.694. Based on the equity, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	0.594	MRQ	0.726	-0.132
MRQ	0.726	TTM	-0.694	+1.421
TTM	-0.694	YOY	-4.075	+3.381
TTM	-0.694	5Y	-4.338	+3.643
5Y	-4.338	10Y	-1.505	-2.833

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.594	0.436	+0.158
MRQ	0.726	0.386	+0.340
TTM	-0.694	0.470	-1.164
YOY	-4.075	0.642	-4.717
5Y	-4.338	0.795	-5.133
10Y	-1.505	1.025	-2.530

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Financial Institutions Inc

Institutions are holding 63.357% of the shares of Financial Institutions Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	8.952	0.0008	1379376	14845	1.0879
2023-12-31	Dimensional Fund Advisors, Inc.	6.6663	0.0064	1027186	-17562	-1.681
2023-12-31	Vanguard Group Inc	4.9873	0.0004	768466	14263	1.8911
2023-12-31	Commonwealth Equity Services Inc	3.7209	0.0224	573332	786	0.1373
2023-12-31	Renaissance Technologies Corp	2.2935	0.0117	353400	-500	-0.1413
2023-12-31	LSV Asset Management	2.2387	0.016	344957	-19200	-5.2725
2023-12-31	Geode Capital Management, LLC	2.1115	0.0007	325359	12505	3.9971
2023-12-31	Canandaigua National Bank & Trust Co	1.9961	1.0128	307577	-12993	-4.0531
2023-12-31	State Street Corporation	1.7983	0.0003	277086	3866	1.415
2023-12-31	Acadian Asset Management LLC	1.5168	0.0193	233718	0	0
2023-12-31	Courier Capital Corp	1.4112	0.3516	217453	109144	100.7709
2023-12-31	Prudential Financial Inc	1.4002	0.0069	215748	-31200	-12.6342
2023-12-31	Northern Trust Corp	1.3942	0.0008	214819	13349	6.6258
2023-12-31	American Century Companies Inc	1.3566	0.0031	209039	16927	8.811
2023-12-31	Goldman Sachs Group Inc	1.3368	0.0004	205980	99311	93.102
2023-12-31	Morgan Stanley - Brokerage Accounts	1.2388	0.0004	190885	19063	11.0946
2023-12-31	PL Capital Advisors, LLC	1.2253	1.3899	188800	-15000	-7.3602
2023-12-31	Hotchkis & Wiley Capital Management LLC	1.0462	0.0122	161208	1600	1.0025
2023-12-31	Bank of New York Mellon Corp	1.0126	0.0007	156030	37158	31.2588
2023-09-30	RIVER OAKS CAPITAL LLC	0.9021	3.4446	139000	3300	2.4318
Total		48.6054	6.3014	7489419	+249662	+3.3%

3.2. Funds holding Financial Institutions Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.9242	0.0005	450573	0	0
2024-03-28	iShares Russell 2000 ETF	2.5691	0.0114	395856	192	0.0485
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4614	0.0041	225180	887	0.3955
2024-02-29	DFA US Small Cap Value I	1.4556	0.0268	224287	5790	2.6499
2024-03-29	Avantis US Small Cap Value ETF	1.2773	0.0342	196819	0	0
2024-01-31	Fidelity Small Cap Index	1.0129	0.0132	156066	5703	3.7928
2024-03-28	iShares Russell 2000 Value ETF	0.9643	0.0223	148579	-94	-0.0632
2024-02-29	DFA US Targeted Value I	0.8481	0.0186	130678	-4587	-3.3911
2024-03-29	Dimensional US Targeted Value ETF	0.6521	0.0188	100484	0	0
2024-02-29	Fidelity Extended Market Index	0.5617	0.0041	86547	-419	-0.4818
2024-02-29	DFA US Small Cap I	0.5571	0.0102	85848	0	0
2024-02-29	DFA US Micro Cap I	0.5379	0.0212	82887	0	0
2024-03-29	Schwab US Small-Cap ETF™	0.4754	0.0081	73250	0	0
2024-03-28	WisdomTree US SmallCap Dividend ETF	0.4645	0.0677	71580	0	0
2023-12-31	Federated Hermes MDT SCC Institutional	0.4486	0.1244	69125	0	0
2023-12-31	Federated Hermes MDT Small Cap Core IS	0.4486	0.1248	69125	0	0
2023-12-31	PGIM Quant Small Cap value Equity	0.4162	0.3284	64127	-4100	-6.0094
2024-02-29	BlackRock Advantage Small Cap Core Instl	0.4105	0.0331	63249	-4551	-6.7124
2023-12-31	Northern Small Cap Value	0.3975	0.08	61256	0	0
2024-03-28	EA Bridgeway Omni Small-Cap Value ETF	0.3803	0.0896	58600	0	0
Total		18.2633	1.0415	2814116	-1179	0.0%

3.3. Insider Transactions

Insiders are holding 2.619% of the shares of Financial Institutions Inc.

Date	Owner	Type	Amount	Price
2023-05-08	Samuel M Gullo	BUY	2000	15.94
2023-05-04	Robert N Latella	BUY	10000	15.06
2023-05-03	Martin Kearney Birmingham	BUY	1500	16.25
2023-05-03	Samuel J Burruano Jr	BUY	1000	15.82

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	2.887	9.560	-70%	-2.017	+170%	0.225	+1181%	0.320	+804%
Book Value Per Share	-	-	29.321	9.694	+202%	-7.245	+125%	14.326	+105%	17.622	+66%
Current Ratio	-	-	0.046	3.200	-99%	22.345	-100%	125.831	-100%	67.499	-100%
Debt To Asset Ratio	-	-	0.926	0.977	-5%	1.022	-9%	0.952	-3%	0.932	-1%
Debt To Equity Ratio	-	-	12.585	3.146	+300%	-	+100%	105.529	-88%	57.864	-78%
Dividend Per Share	-	-	0.321	0.319	+1%	0.308	+4%	0.293	+10%	0.256	+26%
Eps	-	-	0.631	0.807	-22%	0.890	-29%	0.841	-25%	0.670	-6%
Free Cash Flow Per Share	-	-	-6.660	-0.746	-89%	2.018	-430%	0.745	-994%	0.702	-1049%
Free Cash Flow To Equity Per Share	-	-	-6.212	4.007	-255%	5.921	-205%	5.572	-211%	5.035	-223%
Gross Profit Margin	-	-	0.962	0.962	+0%	0.964	0%	0.933	+3%	0.941	+2%
Intrinsic Value_10Y_max	-	-	-88.008	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-351.864	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.313	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-3.683	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-3.776	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-38.480	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-18.175	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-103.055	-	-	-	-	-	-	-	-
Market Cap	268417812.000	-23%	330384300.000	282699295.000	+17%	405072081.000	-18%	390399564.200	-15%	410280780.400	-19%
Net Profit Margin	-	-	0.107	0.219	-51%	0.267	-60%	0.274	-61%	0.255	-58%
Operating Margin	-	-	-	0.334	-100%	0.502	-100%	0.490	-100%	0.462	-100%
Operating Ratio	-	-	0.145	-0.304	+309%	0.012	+1069%	-0.043	+130%	0.077	+90%
Pb Ratio	0.594	-22%	0.726	-0.694	+196%	-4.075	+661%	-4.338	+697%	-1.505	+307%
Pe Ratio	6.907	-22%	8.445	5.913	+43%	7.382	+14%	11.681	-28%	12.892	-34%
Price Per Share	17.420	-22%	21.300	18.288	+16%	26.145	-19%	24.687	-14%	26.176	-19%
Price To Free Cash Flow Ratio	-0.654	+18%	-0.800	5.358	-115%	3.839	-121%	8.843	-109%	11.847	-107%
Price To Total Gains Ratio	5.429	-22%	6.638	-19.608	+395%	1.731	+284%	22.888	-71%	20.381	-67%
Quick Ratio	-	-	0.667	8.378	-92%	40.058	-98%	58.173	-99%	31.474	-98%
Return On Assets	-	-	0.002	0.002	-27%	0.003	-43%	0.003	-41%	0.002	-36%
Return On Equity	-	-	0.022	0.005	+300%	-	+100%	0.327	-93%	0.176	-88%
Total Gains Per Share	-	-	3.209	9.880	-68%	-1.709	+153%	0.518	+519%	0.575	+458%
Usd Book Value	-	-	454796000.000	150417000.000	+202%	-111954500.000	+125%	229418150.000	+98%	277434875.000	+64%
Usd Book Value Change Per Share	-	-	2.887	9.560	-70%	-2.017	+170%	0.225	+1181%	0.320	+804%
Usd Book Value Per Share	-	-	29.321	9.694	+202%	-7.245	+125%	14.326	+105%	17.622	+66%
Usd Dividend Per Share	-	-	0.321	0.319	+1%	0.308	+4%	0.293	+10%	0.256	+26%
Usd Eps	-	-	0.631	0.807	-22%	0.890	-29%	0.841	-25%	0.670	-6%
Usd Free Cash Flow	-	-	-103297000.000	-11618250.000	-89%	31301000.000	-430%	11777600.000	-977%	11023950.000	-1037%
Usd Free Cash Flow Per Share	-	-	-6.660	-0.746	-89%	2.018	-430%	0.745	-994%	0.702	-1049%
Usd Free Cash Flow To Equity Per Share	-	-	-6.212	4.007	-255%	5.921	-205%	5.572	-211%	5.035	-223%
Usd Market Cap	268417812.000	-23%	330384300.000	282699295.000	+17%	405072081.000	-18%	390399564.200	-15%	410280780.400	-19%
Usd Price Per Share	17.420	-22%	21.300	18.288	+16%	26.145	-19%	24.687	-14%	26.176	-19%
Usd Profit	-	-	9780000.000	12566000.000	-22%	14143250.000	-31%	13586400.000	-28%	10860075.000	-10%
Usd Revenue	-	-	91311000.000	62226250.000	+47%	53087500.000	+72%	50658150.000	+80%	42554400.000	+115%
Usd Total Gains Per Share	-	-	3.209	9.880	-68%	-1.709	+153%	0.518	+519%	0.575	+458%
	EOD	+3 -5	MRQ	TTM	+14 -22	YOY	+15 -21	5Y	+16 -20	10Y	+16 -20

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	6.907
Price to Book Ratio (EOD)	Between	0-1	0.594
Net Profit Margin (MRQ)	Greater than	0	0.107
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.667
Current Ratio (MRQ)	Greater than	1	0.046
Debt to Asset Ratio (MRQ)	Less than	1	0.926
Debt to Equity Ratio (MRQ)	Less than	1	12.585
Return on Equity (MRQ)	Greater than	0.15	0.022
Return on Assets (MRQ)	Greater than	0.05	0.002
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 Financial Institutions Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	47.251
Ma 20	Greater than	Ma 50	17.450
Ma 50	Greater than	Ma 100	18.025
Ma 100	Greater than	Ma 200	19.145
Open	Greater than	Close	17.190
Total			1/5 (20.0%)

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
Total Stockholder Equity	-137,487	10,115	-127,372	-7,100	-134,472	-26,917	-161,389	616,185	454,796
Other Stockholders Equity	-438,793	10,036	-428,757	-9,398	-438,155	-9,039	-447,194	552,791	105,597
Long-term Assets Other	-71,097	-1,145,534	-1,216,631	1,176,194	-40,437	844	-39,593	5,710,682	5,671,089
Net Working Capital	935,405	-911,431	23,974	1,040,639	1,064,613	-19,173	1,045,440	-4,137,409	-3,091,969

Latest Balance Sheet

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

Summary

Total Assets	6,178,335
Total Liabilities	5,723,539
Total Stockholder Equity	454,796

	As reported
Total Liabilities	5,723,539
Total Stockholder Equity	+ 454,796
Total Assets	= 6,178,335

Assets

Total Assets	6,178,335
Total Current Assets	149,694
Long-term Assets	6,028,641

Total Current Assets

Total Current Assets (as reported)	149,694
Cash And Cash Equivalents	124,442
Short-term Investments	887,730
Net Receivables	24,481
Inventory	-1,274,409
Other Current Assets	149,694
Total Current Assets (calculated)	-88,062
+/-	237,756

Long-term Assets

Long-term Assets (as reported)	6,028,641
Property Plant Equipment	71,426
Goodwill	67,071
Long Term Investments	1,104,139
Intangible Assets	5,433
Other Assets	4,329,972
Long-term Assets (calculated)	5,578,041
+/-	450,600

Liabilities & Shareholders' Equity

Total Current Liabilities	3,241,663
Long-term Liabilities	2,481,876
Total Stockholder Equity	454,796

Total Current Liabilities

Total Current Liabilities (as reported)	3,241,663
Short-term Debt	187,984
Short Long Term Debt	185,000
Accounts payable	19,412
Other Current Liabilities	3,053,679
Total Current Liabilities (calculated)	3,446,075
+/-	204,412

Long-term Liabilities

Long-term Liabilities (as reported)	2,481,876
Long term Debt	124,532
Capital Lease Obligations	33,788
Long-term Liabilities (calculated)	158,320
+/-	2,323,556

Total Stockholder Equity

Total Stockholder Equity (as reported)	454,796
Common Stock	161
Retained Earnings	451,687
Accumulated Other Comprehensive Income	-119,941
Other Stockholders Equity	105,597
Total Stockholder Equity (calculated)	437,504
+/-	17,292

Other

Capital Stock	17,453
Cash and Short Term Investments	1,249,928
Common Stock Shares Outstanding	15,511
Current Deferred Revenue	-19,412
Liabilities and Stockholders Equity	6,178,335
Net Debt	218,878
Net Invested Capital	747,036
Net Working Capital	-3,091,969
Property Plant and Equipment Gross	134,513
Short Long Term Debt Total	343,320

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

> Total Assets

993,200
1,030,200
1,072,700
1,136,460
1,144,863
1,203,890
1,261,740
1,289,327
1,337,581
1,715,196
1,749,650
1,794,296
1,884,226
1,979,421
2,033,655
2,105,034
2,203,498
2,194,323
2,186,350
2,173,732
2,223,361
2,178,778
2,208,020
2,156,329
2,196,276
2,109,003
2,094,971
2,022,392
1,980,831
1,923,819
1,952,129
1,907,552
1,962,748
1,898,092
1,902,985
1,857,876
1,912,652
1,895,448
1,945,819
1,916,919
2,030,429
1,996,724
2,138,205
2,062,389
2,156,055
2,142,931
2,249,531
2,214,307
2,295,116
2,282,944
2,358,811
2,336,353
2,460,820
2,622,751
2,653,319
2,764,034
2,827,658
2,782,303
2,867,517
2,928,636
3,015,619
2,993,264
3,055,304
3,089,521
3,197,077
3,359,459
3,357,608
3,381,024
3,516,572
3,585,589
3,687,365
3,710,340
3,859,865
3,891,538
4,021,591
4,105,210
4,152,432
4,191,315
4,258,385
4,311,698
4,282,991
4,313,945
4,332,737
4,384,178
4,471,768
4,680,930
4,959,201
4,912,306
5,329,056
5,295,102
5,116,806
5,002,076
5,115,758
5,041,908
5,088,486
5,271,472
5,416,797
5,580,953
6,140,149
6,178,335

6,178,335

6,140,149

5,580,953

5,416,797

5,271,472

5,088,486

5,041,908

5,115,758

5,002,076

5,116,806

5,295,102

5,329,056

4,912,306

4,959,201

4,680,930

4,471,768

4,384,178

4,332,737

4,313,945

4,282,991

4,311,698

4,258,385

4,191,315

4,152,432

4,105,210

4,021,591

3,891,538

3,859,865

3,710,340

3,687,365

3,585,589

3,516,572

3,381,024

3,357,608

3,359,459

3,197,077

3,089,521

3,055,304

2,993,264

3,015,619

2,928,636

2,867,517

2,782,303

2,827,658

2,764,034

2,653,319

2,622,751

2,460,820

2,336,353

2,358,811

2,282,944

2,295,116

2,214,307

2,249,531

2,142,931

2,156,055

2,062,389

2,138,205

1,996,724

2,030,429

1,916,919

1,945,819

1,895,448

1,912,652

1,857,876

1,902,985

1,898,092

1,962,748

1,907,552

1,952,129

1,923,819

1,980,831

2,022,392

2,094,971

2,109,003

2,196,276

2,156,329

2,208,020

2,178,778

2,223,361

2,173,732

2,186,350

2,194,323

2,203,498

2,105,034

2,033,655

1,979,421

1,884,226

1,794,296

1,749,650

1,715,196

1,337,581

1,289,327

1,261,740

1,203,890

1,144,863

1,136,460

1,072,700

1,030,200

993,200

> Total Current Assets

27,100
1,009,700
1,052,500
49,672
31,881
28,758
35,442
29,226
30,537
1,652,909
1,687,503
1,730,663
1,822,336
1,916,490
1,970,858
1,393,200
1,466,337
1,526,445
1,508,782
1,446,777
1,436,501
1,375,612
1,370,364
1,311,970
1,349,775
1,266,055
1,161,523
1,115,104
1,072,387
1,058,630
1,100,585
1,060,085
1,084,938
1,014,276
1,031,325
1,031,630
1,095,537
1,097,926
1,201,248
1,236,800
1,342,563
1,377,353
1,394,826
1,370,163
1,401,133
1,392,498
1,459,022
1,449,145
1,507,034
1,481,586
1,585,431
1,615,084
1,666,927
1,756,751
1,797,560
1,834,895
1,868,859
1,867,317
1,951,605
1,983,440
2,001,359
2,043,553
2,078,369
2,067,556
2,146,816
2,160,732
2,183,504
2,244,521
2,312,938
2,370,507
2,483,041
2,509,038
2,652,210
2,697,687
2,811,103
2,943,879
3,021,647
3,101,415
3,218,290
3,300,428
3,318,070
3,391,335
3,434,379
3,490,914
3,564,629
3,785,900
4,037,654
3,897,882
4,205,092
4,055,565
1,386,376
79,112
1,345,529
1,166,723
1,281,650
1,140,405
139,974
1,285,254
1,266,832
149,694

149,694

1,266,832

1,285,254

139,974

1,140,405

1,281,650

1,166,723

1,345,529

79,112

1,386,376

4,055,565

4,205,092

3,897,882

4,037,654

3,785,900

3,564,629

3,490,914

3,434,379

3,391,335

3,318,070

3,300,428

3,218,290

3,101,415

3,021,647

2,943,879

2,811,103

2,697,687

2,652,210

2,509,038

2,483,041

2,370,507

2,312,938

2,244,521

2,183,504

2,160,732

2,146,816

2,067,556

2,078,369

2,043,553

2,001,359

1,983,440

1,951,605

1,867,317

1,868,859

1,834,895

1,797,560

1,756,751

1,666,927

1,615,084

1,585,431

1,481,586

1,507,034

1,449,145

1,459,022

1,392,498

1,401,133

1,370,163

1,394,826

1,377,353

1,342,563

1,236,800

1,201,248

1,097,926

1,095,537

1,031,630

1,031,325

1,014,276

1,084,938

1,060,085

1,100,585

1,058,630

1,072,387

1,115,104

1,161,523

1,266,055

1,349,775

1,311,970

1,370,364

1,375,612

1,436,501

1,446,777

1,508,782

1,526,445

1,466,337

1,393,200

1,970,858

1,916,490

1,822,336

1,730,663

1,687,503

1,652,909

30,537

29,226

35,442

28,758

31,881

49,672

1,052,500

1,009,700

27,100

Cash And Cash Equivalents

27,100
22,600
30,600
49,672
31,881
28,758
35,442
29,226
30,537
40,234
57,289
52,171
46,316
44,052
643,656
48,429
48,828
64,491
66,653
45,635
43,594
49,953
58,460
45,279
49,231
54,871
51,290
47,258
44,480
50,735
52,910
47,166
40,647
44,309
55,736
45,165
49,460
60,640
54,105
34,528
122,689
41,405
60,106
42,874
38,081
43,419
73,354
39,058
94,441
46,084
67,601
57,583
77,025
61,813
77,045
60,436
84,791
50,927
99,384
59,692
72,401
64,832
87,582
58,151
135,972
52,554
51,334
60,121
110,944
67,624
110,721
71,277
149,699
84,537
97,838
99,195
122,914
89,094
117,331
102,755
79,786
108,988
136,815
112,947
152,168
119,610
282,070
93,878
344,790
206,387
288,426
79,112
170,404
109,705
118,581
130,466
139,974
180,248
192,111
124,442

124,442

192,111

180,248

139,974

130,466

118,581

109,705

170,404

79,112

288,426

206,387

344,790

93,878

282,070

119,610

152,168

112,947

136,815

108,988

79,786

102,755

117,331

89,094

122,914

99,195

97,838

84,537

149,699

71,277

110,721

67,624

110,944

60,121

51,334

52,554

135,972

58,151

87,582

64,832

72,401

59,692

99,384

50,927

84,791

60,436

77,045

61,813

77,025

57,583

67,601

46,084

94,441

39,058

73,354

43,419

38,081

42,874

60,106

41,405

122,689

34,528

54,105

60,640

49,460

45,165

55,736

44,309

40,647

47,166

52,910

50,735

44,480

47,258

51,290

54,871

49,231

45,279

58,460

49,953

43,594

45,635

66,653

64,491

48,828

48,429

643,656

44,052

46,316

52,171

57,289

40,234

30,537

29,226

35,442

28,758

31,881

49,672

30,600

22,600

27,100

Short-term Investments

0
0
0
0
0
0
0
1,101
0
0
0
1,000
0
0
0
0
0
0
0
40,006
665,262
684,734
721,213
806
729,848
732,942
821,399
44,682
772,193
740,349
737,776
735,148
761,252
759,855
742,716
695,241
688,504
669,752
607,357
20,659
553,710
498,561
625,744
85
648,667
651,533
687,955
94
692,812
706,958
679,487
94
699,497
765,216
748,618
823,796
853,437
810,549
583,551
609,400
674,650
601,903
585,479
622,494
639,275
772,639
577,509
544,395
610,013
619,719
559,495
539,926
540,406
540,575
551,491
524,973
510,197
492,228
458,310
445,677
427,545
406,509
395,441
417,917
444,845
469,413
515,971
628,059
753,489
902,845
1,097,950
1,178,515
1,119,362
1,057,018
965,531
954,371
945,442
1,285,254
1,266,832
887,730

887,730

1,266,832

1,285,254

945,442

954,371

965,531

1,057,018

1,119,362

1,178,515

1,097,950

902,845

753,489

628,059

515,971

469,413

444,845

417,917

395,441

406,509

427,545

445,677

458,310

492,228

510,197

524,973

551,491

540,575

540,406

539,926

559,495

619,719

610,013

544,395

577,509

772,639

639,275

622,494

585,479

601,903

674,650

609,400

583,551

810,549

853,437

823,796

748,618

765,216

699,497

679,487

706,958

692,812

687,955

651,533

648,667

625,744

498,561

553,710

20,659

607,357

669,752

688,504

695,241

742,716

759,855

761,252

735,148

737,776

740,349

772,193

44,682

821,399

732,942

729,848

806

721,213

684,734

665,262

40,006

1,000

1,101

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
50,075
57,010
55,763
0
0
55,568
0
0
86,773
24,481

24,481

86,773

55,568

55,763

57,010

50,075

Other Current Assets

0
987,100
1,021,900
0
0
0
0
0
0
1,612,675
1,630,214
1,678,492
1,776,020
1,872,438
1,327,202
1,344,771
1,417,509
1,461,954
1,442,129
1,401,142
1,392,907
1,325,659
1,311,904
1,266,691
1,300,544
1,211,184
1,110,233
1,067,846
1,027,907
1,007,895
1,047,675
1,012,919
1,044,291
969,967
975,589
986,465
1,046,077
1,037,286
1,147,143
1,202,272
1,219,874
1,335,948
1,334,720
1,327,289
1,329,259
1,349,079
1,385,574
1,410,087
1,412,499
1,435,502
1,517,830
1,557,501
1,589,902
1,694,938
1,720,515
950,757
930,725
1,005,935
1,268,764
1,314,442
1,254,402
1,376,912
1,405,308
1,386,911
1,371,569
1,335,539
1,554,661
1,640,005
1,591,981
1,683,164
1,812,825
1,897,835
1,962,105
2,072,575
2,161,774
2,319,711
2,388,536
2,520,093
2,642,649
2,751,996
2,810,739
2,875,838
2,902,123
2,960,050
2,967,616
3,196,877
3,239,613
3,175,945
3,106,813
2,946,333
2,732,939
-1,235,525
5,544
125,577
197,538
151,365
161,751
203,625
217,113
149,694

149,694

217,113

203,625

161,751

151,365

197,538

125,577

5,544

-1,235,525

2,732,939

2,946,333

3,106,813

3,175,945

3,239,613

3,196,877

2,967,616

2,960,050

2,902,123

2,875,838

2,810,739

2,751,996

2,642,649

2,520,093

2,388,536

2,319,711

2,161,774

2,072,575

1,962,105

1,897,835

1,812,825

1,683,164

1,591,981

1,640,005

1,554,661

1,335,539

1,371,569

1,386,911

1,405,308

1,376,912

1,254,402

1,314,442

1,268,764

1,005,935

930,725

950,757

1,720,515

1,694,938

1,589,902

1,557,501

1,517,830

1,435,502

1,412,499

1,410,087

1,385,574

1,349,079

1,329,259

1,327,289

1,334,720

1,335,948

1,219,874

1,202,272

1,147,143

1,037,286

1,046,077

986,465

975,589

969,967

1,044,291

1,012,919

1,047,675

1,007,895

1,027,907

1,067,846

1,110,233

1,211,184

1,300,544

1,266,691

1,311,904

1,325,659

1,392,907

1,401,142

1,442,129

1,461,954

1,417,509

1,344,771

1,327,202

1,872,438

1,776,020

1,678,492

1,630,214

1,612,675

1,021,900

987,100

> Long-term Assets

297,100
20,500
20,200
298,637
310,642
323,977
353,080
357,239
360,529
62,287
62,147
63,633
61,890
62,931
62,797
711,834
737,161
667,878
677,568
726,955
786,860
803,166
837,656
844,359
846,501
842,948
933,448
907,288
908,444
865,189
851,544
847,467
877,810
883,816
871,660
826,246
817,115
797,522
744,571
680,119
687,866
619,371
743,379
692,226
754,922
750,433
790,509
765,162
788,082
801,358
773,380
721,269
793,893
866,000
855,759
929,139
958,799
914,986
915,912
945,196
1,014,260
949,711
976,935
1,021,965
1,050,261
1,198,727
1,174,104
1,136,503
1,203,634
1,215,082
1,204,324
1,201,302
1,207,655
1,193,851
1,210,488
1,161,331
1,130,785
1,089,900
1,040,095
1,011,270
984,471
922,610
898,358
893,264
907,139
895,030
921,547
1,014,424
1,123,964
1,239,537
1,453,803
1,520,677
1,466,493
1,376,309
73,655
1,289,866
73,180
73,194
73,079
6,028,641

6,028,641

73,079

73,194

73,180

1,289,866

73,655

1,376,309

1,466,493

1,520,677

1,453,803

1,239,537

1,123,964

1,014,424

921,547

895,030

907,139

893,264

898,358

922,610

984,471

1,011,270

1,040,095

1,089,900

1,130,785

1,161,331

1,210,488

1,193,851

1,207,655

1,201,302

1,204,324

1,215,082

1,203,634

1,136,503

1,174,104

1,198,727

1,050,261

1,021,965

976,935

949,711

1,014,260

945,196

915,912

914,986

958,799

929,139

855,759

866,000

793,893

721,269

773,380

801,358

788,082

765,162

790,509

750,433

754,922

692,226

743,379

619,371

687,866

680,119

744,571

797,522

817,115

826,246

871,660

883,816

877,810

847,467

851,544

865,189

908,444

907,288

933,448

842,948

846,501

844,359

837,656

803,166

786,860

726,955

677,568

667,878

737,161

711,834

62,797

62,931

61,890

63,633

62,147

62,287

360,529

357,239

353,080

323,977

310,642

298,637

20,200

20,500

297,100

Property Plant Equipment

17,400
17,000
16,900
17,009
16,904
17,240
17,538
18,423
18,953
23,483
24,139
24,467
25,181
25,621
25,504
27,254
31,518
32,674
33,152
34,239
34,438
34,262
34,726
36,473
37,438
36,932
36,774
36,471
35,884
35,058
34,472
34,562
34,341
34,720
34,690
34,157
33,611
33,893
35,411
36,712
36,112
35,976
35,210
34,783
34,330
34,127
33,516
33,263
32,617
32,940
33,397
33,085
32,831
34,910
36,653
36,618
37,327
36,899
36,558
36,009
36,121
35,925
36,602
36,394
36,335
37,110
38,032
39,445
40,771
40,562
40,178
42,398
46,525
46,328
45,668
45,189
44,268
43,681
43,309
42,839
42,092
41,957
41,387
41,424
41,426
41,403
40,568
40,610
39,820
43,572
63,059
62,181
61,812
40,461
40,907
73,106
41,609
40,681
39,947
71,426

71,426

39,947

40,681

41,609

73,106

40,907

40,461

61,812

62,181

63,059

43,572

39,820

40,610

40,568

41,403

41,426

41,424

41,387

41,957

42,092

42,839

43,309

43,681

44,268

45,189

45,668

46,328

46,525

42,398

40,178

40,562

40,771

39,445

38,032

37,110

36,335

36,394

36,602

35,925

36,121

36,009

36,558

36,899

37,327

36,618

36,653

34,910

32,831

33,085

33,397

32,940

32,617

33,263

33,516

34,127

34,330

34,783

35,210

35,976

36,112

36,712

35,411

33,893

33,611

34,157

34,690

34,720

34,341

34,562

34,472

35,058

35,884

36,471

36,774

36,932

37,438

36,473

34,726

34,262

34,438

34,239

33,152

32,674

31,518

27,254

25,504

25,621

25,181

24,467

24,139

23,483

18,953

18,423

17,538

17,240

16,904

17,009

16,900

17,000

17,400

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
40,593
40,621
40,621
40,621
40,621
40,621
40,946
40,946
41,371
41,371
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
42,437
48,968
48,968
48,500
48,500
48,500
48,536
48,536
48,536
61,153
61,153
61,153
61,153
61,153
60,402
66,417
66,417
66,417
66,417
66,417
64,842
65,840
65,840
65,840
68,412
68,412
66,062
66,062
66,062
66,062
66,062
66,062
66,062
66,062
66,062
66,673
66,673
67,071
67,071
67,071
67,071
67,071
67,071
67,071
67,071
67,071
67,071

67,071

66,673

66,062

68,412

65,840

64,842

66,417

60,402

61,153

48,536

48,500

48,968

42,437

37,369

41,371

40,946

40,621

40,593

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
1,386,022
1,437,680
1,487,223
1,523,514
1,623,732
1,655,659
17,905
17,747
17,348
245,708
249,785
253,576
262,057
285,967
294,438
306,255
320,820
490,638
485,717
476,283
478,549
528,708
543,338
545,381
533,471
538,332
516,466
501,905
3,343,074
3,417,165
3,502,133
3,944,450
3,924,414
3,912,896
3,971,646
3,642,538
3,915,572
4,042,191
900,025
4,363,732
1,121,703
4,712,321
4,824,477
4,817,588
1,261,951
4,790,350
4,959,957
5,141,928
1,072,015
1,008,419
1,104,139

1,104,139

1,008,419

1,072,015

5,141,928

4,959,957

4,790,350

1,261,951

4,817,588

4,824,477

4,712,321

1,121,703

4,363,732

900,025

4,042,191

3,915,572

3,642,538

3,971,646

3,912,896

3,924,414

3,944,450

3,502,133

3,417,165

3,343,074

501,905

516,466

538,332

533,471

545,381

543,338

528,708

478,549

476,283

485,717

490,638

320,820

306,255

294,438

285,967

262,057

253,576

249,785

245,708

17,348

17,747

17,905

1,655,659

1,623,732

1,523,514

1,487,223

1,437,680

1,386,022

Intangible Assets

0
0
0
0
0
0
0
2,381
0
38,804
38,008
39,166
36,709
37,310
37,293
44,547
40,621
40,621
40,621
40,621
40,621
40,946
40,946
43,290
41,371
37,369
37,369
38,683
37,369
37,369
37,369
38,263
37,369
37,369
37,369
37,956
37,369
37,369
37,369
37,649
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
37,369
43,858
1,956
50,820
50,288
50,190
50,095
1,466
1,466
49,826
7,734
7,486
7,243
7,005
6,772
6,544
10,150
9,835
9,526
9,223
8,926
8,635
9,157
8,863
8,575
10,776
10,441
10,111
9,788
9,472
9,163
8,861
8,567
8,280
8,000
7,727
7,855
7,589
7,588
7,329
7,075
6,826
6,582
6,343
6,109
5,879
5,654
5,433

5,433

5,654

5,879

6,109

6,343

6,582

6,826

7,075

7,329

7,588

7,589

7,855

7,727

8,000

8,280

8,567

8,861

9,163

9,472

9,788

10,111

10,441

10,776

8,575

8,863

9,157

8,635

8,926

9,223

9,526

9,835

10,150

6,544

6,772

7,005

7,243

7,486

7,734

49,826

1,466

50,095

50,190

50,288

50,820

1,956

43,858

37,369

37,649

37,369

37,956

37,369

38,263

37,369

38,683

37,369

41,371

43,290

40,946

40,621

44,547

37,293

37,310

36,709

39,166

38,008

38,804

2,381

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
867,713
806,321
773,252
751,857
765,968
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

765,968

751,857

773,252

806,321

867,713

Other Assets

669,000
0
0
788,151
802,340
851,155
873,218
902,862
946,515
534,349
545,315
568,735
629,349
685,382
674,768
2,816,868
2,940,659
2,862,201
2,863,918
2,900,687
3,010,221
2,981,944
3,045,676
3,000,688
3,042,777
2,951,951
3,028,419
2,929,680
2,889,275
2,789,008
2,803,673
2,755,019
2,840,558
2,781,908
2,774,645
2,684,122
2,729,767
2,692,970
2,690,390
2,597,038
2,718,295
2,616,095
2,881,584
2,754,615
2,910,977
2,893,364
3,040,040
2,979,469
3,083,198
3,084,302
3,132,191
3,057,622
3,254,713
3,488,751
3,509,078
3,693,173
3,786,457
3,697,289
3,783,429
3,873,832
4,029,879
3,942,975
4,032,239
4,111,486
4,247,338
4,558,186
4,531,712
4,517,527
4,720,206
4,800,671
4,891,689
4,911,642
5,067,520
5,085,389
5,232,079
5,266,541
5,283,217
5,281,215
5,298,480
5,322,968
-19,550
5,236,555
5,231,095
5,277,442
4,471,768
4,680,930
4,959,201
4,912,306
5,329,056
5,295,102
2,276,627
3,402,287
2,303,736
2,498,876
3,733,181
2,841,201
5,203,643
4,222,505
4,800,238
4,329,972

4,329,972

4,800,238

4,222,505

5,203,643

2,841,201

3,733,181

2,498,876

2,303,736

3,402,287

2,276,627

5,295,102

5,329,056

4,912,306

4,959,201

4,680,930

4,471,768

5,277,442

5,231,095

5,236,555

-19,550

5,322,968

5,298,480

5,281,215

5,283,217

5,266,541

5,232,079

5,085,389

5,067,520

4,911,642

4,891,689

4,800,671

4,720,206

4,517,527

4,531,712

4,558,186

4,247,338

4,111,486

4,032,239

3,942,975

4,029,879

3,873,832

3,783,429

3,697,289

3,786,457

3,693,173

3,509,078

3,488,751

3,254,713

3,057,622

3,132,191

3,084,302

3,083,198

2,979,469

3,040,040

2,893,364

2,910,977

2,754,615

2,881,584

2,616,095

2,718,295

2,597,038

2,690,390

2,692,970

2,729,767

2,684,122

2,774,645

2,781,908

2,840,558

2,755,019

2,803,673

2,789,008

2,889,275

2,929,680

3,028,419

2,951,951

3,042,777

3,000,688

3,045,676

2,981,944

3,010,221

2,900,687

2,863,918

2,862,201

2,940,659

2,816,868

674,768

685,382

629,349

568,735

545,315

534,349

946,515

902,862

873,218

851,155

802,340

788,151

669,000

> Total Liabilities

894,500
916,800
957,600
1,018,921
1,025,808
1,081,989
1,135,275
1,157,709
1,200,309
1,574,350
1,601,743
1,645,109
1,731,482
1,814,986
1,860,321
1,926,740
2,021,927
2,008,063
2,003,613
1,990,629
2,036,868
2,002,015
2,019,991
1,972,042
2,017,901
1,939,597
1,921,326
1,850,635
1,809,837
1,751,143
1,770,131
1,725,164
1,778,218
1,715,326
1,714,661
1,662,554
1,715,288
1,706,450
1,793,049
1,726,619
1,838,753
1,804,269
1,942,270
1,864,095
1,952,452
1,931,232
2,033,342
2,002,163
2,072,293
2,049,211
2,117,956
2,099,159
2,220,858
2,375,805
2,401,477
2,510,137
2,572,728
2,537,415
2,619,672
2,673,797
2,752,754
2,723,437
2,777,546
2,809,989
2,910,388
3,075,024
3,062,174
3,087,180
3,202,619
3,263,413
3,361,094
3,390,286
3,534,177
3,543,897
3,655,589
3,724,033
3,772,130
3,804,378
3,866,231
3,915,405
3,882,033
3,891,591
3,900,120
3,945,231
4,032,375
4,232,885
4,502,840
4,443,943
4,862,772
4,807,976
5,129,180
5,015,637
5,183,652
5,142,397
5,230,434
5,408,959
5,544,169
5,715,425
5,731,433
5,723,539

5,723,539

5,731,433

5,715,425

5,544,169

5,408,959

5,230,434

5,142,397

5,183,652

5,015,637

5,129,180

4,807,976

4,862,772

4,443,943

4,502,840

4,232,885

4,032,375

3,945,231

3,900,120

3,891,591

3,882,033

3,915,405

3,866,231

3,804,378

3,772,130

3,724,033

3,655,589

3,543,897

3,534,177

3,390,286

3,361,094

3,263,413

3,202,619

3,087,180

3,062,174

3,075,024

2,910,388

2,809,989

2,777,546

2,723,437

2,752,754

2,673,797

2,619,672

2,537,415

2,572,728

2,510,137

2,401,477

2,375,805

2,220,858

2,099,159

2,117,956

2,049,211

2,072,293

2,002,163

2,033,342

1,931,232

1,952,452

1,864,095

1,942,270

1,804,269

1,838,753

1,726,619

1,793,049

1,706,450

1,715,288

1,662,554

1,714,661

1,715,326

1,778,218

1,725,164

1,770,131

1,751,143

1,809,837

1,850,635

1,921,326

1,939,597

2,017,901

1,972,042

2,019,991

2,002,015

2,036,868

1,990,629

2,003,613

2,008,063

2,021,927

1,926,740

1,860,321

1,814,986

1,731,482

1,645,109

1,601,743

1,574,350

1,200,309

1,157,709

1,135,275

1,081,989

1,025,808

1,018,921

957,600

916,800

894,500

> Total Current Liabilities

9,800
903,500
947,300
1,008,700
1,013,300
1,069,400
1,122,800
1,142,200
1,184,800
1,520,800
1,546,200
1,574,700
1,656,100
1,727,700
1,755,100
87,189
63,230
68,985
70,392
50,025
46,436
32,969
38,861
35,554
34,985
64,547
36,487
35,106
34,236
36,828
40,549
32,310
24,860
22,521
33,374
25,643
27,835
51,977
47,209
23,465
31,884
33,128
73,265
59,543
36,608
46,886
39,968
77,110
42,060
132,395
103,075
150,698
117,347
200,824
38,282
139,000
100,000
153,500
141,500
298,000
158,700
211,500
167,200
295,300
142,300
350,600
241,400
293,100
179,200
338,300
230,200
331,500
303,300
347,500
310,800
446,200
327,600
472,800
308,200
469,500
287,300
308,500
211,400
275,500
109,500
105,300
5,300
5,300
5,300
4,659,221
4,974,963
30,000
24,672
109,000
69,000
205,000
116,000
220,641
221,392
3,241,663

3,241,663

221,392

220,641

116,000

205,000

69,000

109,000

24,672

30,000

4,974,963

4,659,221

5,300

105,300

109,500

275,500

211,400

308,500

287,300

469,500

308,200

472,800

327,600

446,200

310,800

347,500

303,300

331,500

230,200

338,300

179,200

293,100

241,400

350,600

142,300

295,300

167,200

211,500

158,700

298,000

141,500

153,500

100,000

139,000

38,282

200,824

117,347

150,698

103,075

132,395

42,060

77,110

39,968

46,886

36,608

59,543

73,265

33,128

31,884

23,465

47,209

51,977

27,835

25,643

33,374

22,521

24,860

32,310

40,549

36,828

34,236

35,106

36,487

64,547

34,985

35,554

38,861

32,969

46,436

50,025

70,392

68,985

63,230

87,189

1,755,100

1,727,700

1,656,100

1,574,700

1,546,200

1,520,800

1,184,800

1,142,200

1,122,800

1,069,400

1,013,300

1,008,700

947,300

903,500

9,800

Short-term Debt

9,800
19,000
12,900
46,096
48,012
65,857
56,746
46,903
19,776
99,436
72,589
103,770
95,903
83,442
67,674
87,189
63,230
68,985
70,392
50,025
46,436
32,969
38,861
35,554
34,985
64,547
36,487
35,106
34,236
36,828
40,549
32,310
24,860
22,521
33,374
25,643
27,835
51,977
47,209
23,465
31,884
33,128
73,265
59,543
36,608
46,886
39,968
77,110
42,060
132,395
103,075
150,698
117,347
200,824
38,282
179,806
139,620
193,413
188,146
337,042
196,746
254,683
215,967
334,804
175,573
350,600
241,400
293,100
179,200
338,300
230,200
331,500
303,300
347,500
310,800
446,200
327,600
472,800
308,200
469,500
346,546
308,500
211,400
275,500
109,500
105,300
5,300
5,300
5,300
0
0
538
24,672
109,000
69,000
205,000
116,000
374,000
70,000
187,984

187,984

70,000

374,000

116,000

205,000

69,000

109,000

24,672

538

5,300

105,300

109,500

275,500

211,400

308,500

346,546

469,500

308,200

472,800

327,600

446,200

310,800

347,500

303,300

331,500

230,200

338,300

179,200

293,100

241,400

350,600

175,573

334,804

215,967

254,683

196,746

337,042

188,146

193,413

139,620

179,806

38,282

200,824

117,347

150,698

103,075

132,395

42,060

77,110

39,968

46,886

36,608

59,543

73,265

33,128

31,884

23,465

47,209

51,977

27,835

25,643

33,374

22,521

24,860

32,310

40,549

36,828

34,236

35,106

36,487

64,547

34,985

35,554

38,861

32,969

46,436

50,025

70,392

68,985

63,230

87,189

67,674

83,442

95,903

103,770

72,589

99,436

19,776

46,903

56,746

65,857

48,012

46,096

12,900

19,000

9,800

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
334,804
0
0
0
332,090
0
338,300
230,200
370,561
303,300
386,596
349,923
485,335
366,770
512,119
0
0
287,300
308,500
211,400
275,500
109,500
105,300
5,300
5,300
0
0
0
538
0
109,000
69,000
205,000
116,000
374,000
70,000
185,000

185,000

70,000

374,000

116,000

205,000

69,000

109,000

538

5,300

105,300

109,500

275,500

211,400

308,500

287,300

512,119

366,770

485,335

349,923

386,596

303,300

370,561

230,200

338,300

332,090

334,804

Accounts payable

0
0
0
0
949,411
988,755
1,049,870
1,078,111
1,129,970
1,381,605
1,431,170
1,433,658
1,521,199
1,607,788
1,649,988
1,708,523
1,820,608
1,826,233
1,827,926
1,818,891
1,872,217
1,849,375
1,862,330
1,818,949
1,869,909
1,785,102
1,781,065
1,717,261
1,678,158
1,617,057
1,639,619
1,617,695
1,671,762
1,617,049
1,616,262
1,575,971
1,627,972
1,595,755
1,660,414
1,633,263
1,737,280
1,700,260
1,797,178
1,742,955
1,849,874
1,821,945
1,946,397
1,882,890
1,969,581
1,872,239
1,983,671
1,931,599
2,066,569
2,135,271
2,331,719
2,261,794
2,409,497
2,324,236
2,414,185
2,320,056
2,533,420
2,450,078
2,538,824
2,450,527
2,704,695
2,656,238
2,753,500
2,730,531
2,960,177
2,858,005
3,063,357
2,995,222
3,169,659
3,132,486
3,281,508
3,210,174
3,380,009
3,262,167
3,485,729
3,366,907
3,508,837
3,471,989
3,586,214
3,555,675
3,787,185
3,994,008
4,364,928
4,278,367
4,716,014
4,659,221
4,974,963
4,827,090
5,002,932
4,820,516
4,905,154
5,983
5,141,307
0
18,138
19,412

19,412

18,138

5,141,307

5,983

4,905,154

4,820,516

5,002,932

4,827,090

4,974,963

4,659,221

4,716,014

4,278,367

4,364,928

3,994,008

3,787,185

3,555,675

3,586,214

3,471,989

3,508,837

3,366,907

3,485,729

3,262,167

3,380,009

3,210,174

3,281,508

3,132,486

3,169,659

2,995,222

3,063,357

2,858,005

2,960,177

2,730,531

2,753,500

2,656,238

2,704,695

2,450,527

2,538,824

2,450,078

2,533,420

2,320,056

2,414,185

2,324,236

2,409,497

2,261,794

2,331,719

2,135,271

2,066,569

1,931,599

1,983,671

1,872,239

1,969,581

1,882,890

1,946,397

1,821,945

1,849,874

1,742,955

1,797,178

1,700,260

1,737,280

1,633,263

1,660,414

1,595,755

1,627,972

1,575,971

1,616,262

1,617,049

1,671,762

1,617,695

1,639,619

1,617,057

1,678,158

1,717,261

1,781,065

1,785,102

1,869,909

1,818,949

1,862,330

1,849,375

1,872,217

1,818,891

1,827,926

1,826,233

1,820,608

1,708,523

1,649,988

1,607,788

1,521,199

1,433,658

1,431,170

1,381,605

1,129,970

1,078,111

1,049,870

988,755

949,411

Other Current Liabilities

-9,800
884,500
934,400
962,604
965,288
1,003,543
1,066,054
1,095,297
1,165,024
1,421,364
1,473,611
1,470,930
1,560,197
1,644,258
1,687,426
0
0
0
0
0
0
0
0
4,466
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,872,239
1,983,671
1,931,599
2,066,569
2,135,271
2,331,719
-40,806
-39,620
-39,913
-46,646
-39,042
-38,046
-43,183
-48,767
-39,504
-33,273
602,143
623,296
641,972
617,394
626,240
657,624
677,076
666,332
677,124
710,865
718,498
702,900
3,262,167
3,485,729
3,366,907
-59,246
3,471,989
3,586,214
3,555,675
3,787,185
3,994,008
4,364,928
4,278,367
4,716,014
4,659,221
4,974,963
29,462
5,002,932
4,820,516
4,905,154
-205,000
-116,000
-153,359
151,392
3,053,679

3,053,679

151,392

-153,359

-116,000

-205,000

4,905,154

4,820,516

5,002,932

29,462

4,974,963

4,659,221

4,716,014

4,278,367

4,364,928

3,994,008

3,787,185

3,555,675

3,586,214

3,471,989

-59,246

3,366,907

3,485,729

3,262,167

702,900

718,498

710,865

677,124

666,332

677,076

657,624

626,240

617,394

641,972

623,296

602,143

-33,273

-39,504

-48,767

-43,183

-38,046

-39,042

-46,646

-39,913

-39,620

-40,806

2,331,719

2,135,271

2,066,569

1,931,599

1,983,671

1,872,239

4,466

1,687,426

1,644,258

1,560,197

1,470,930

1,473,611

1,421,364

1,165,024

1,095,297

1,066,054

1,003,543

965,288

962,604

934,400

884,500

-9,800

> Long-term Liabilities

10,100
13,400
10,300
10,200
12,500
12,600
12,500
15,500
15,500
53,600
55,500
70,400
75,400
87,300
105,200
108,290
111,191
89,416
84,806
104,222
102,187
100,153
98,118
97,082
94,046
66,128
84,110
80,093
80,077
79,061
71,044
54,889
54,875
53,861
45,847
42,567
42,501
37,488
67,475
47,355
46,877
46,849
46,848
46,847
46,846
46,768
26,768
26,767
26,702
26,702
103,075
1,948,461
117,347
200,824
38,282
2,330,331
2,433,108
2,344,002
2,431,526
2,336,755
2,556,008
2,468,754
2,561,579
2,475,185
2,734,815
38,955
38,972
38,990
39,008
39,025
39,043
39,061
39,078
39,096
39,114
39,131
39,149
39,167
39,184
39,202
39,220
39,237
39,255
39,273
39,291
39,308
39,258
73,623
73,679
73,756
73,834
73,911
73,989
74,067
3,844,173
205,000
116,000
4,090,856
4,129,080
2,481,876

2,481,876

4,129,080

4,090,856

116,000

205,000

3,844,173

74,067

73,989

73,911

73,834

73,756

73,679

73,623

39,258

39,308

39,291

39,273

39,255

39,237

39,220

39,202

39,184

39,167

39,149

39,131

39,114

39,096

39,078

39,061

39,043

39,025

39,008

38,990

38,972

38,955

2,734,815

2,475,185

2,561,579

2,468,754

2,556,008

2,336,755

2,431,526

2,344,002

2,433,108

2,330,331

38,282

200,824

117,347

1,948,461

103,075

26,702

26,767

26,768

46,768

46,846

46,847

46,848

46,849

46,877

47,355

67,475

37,488

42,501

42,567

45,847

53,861

54,875

54,889

71,044

79,061

80,077

80,093

84,110

66,128

94,046

97,082

98,118

100,153

102,187

104,222

84,806

89,416

111,191

108,290

105,200

87,300

75,400

70,400

55,500

53,600

15,500

12,500

12,600

12,500

10,200

10,300

13,400

10,100

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
26,702
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
38,955
38,972
38,990
39,008
39,025
39,043
39,061
39,078
39,096
39,114
39,131
39,149
39,167
39,184
39,202
39,220
39,237
39,255
39,273
39,291
39,308
39,258
73,623
73,679
73,756
73,834
73,911
73,989
74,067
74,144
74,222
124,299
0
0
0

124,299

74,222

74,144

74,067

73,989

73,911

73,834

73,756

73,679

73,623

39,258

39,308

39,291

39,273

39,255

39,237

39,220

39,202

39,184

39,167

39,149

39,131

39,114

39,096

39,078

39,061

39,043

39,025

39,008

38,990

38,972

38,955

26,702

Other Liabilities

0
0
0
0
15,879
14,819
16,139
17,214
18,879
23,479
26,243
21,062
22,800
20,272
21,272
22,738
26,898
23,429
20,489
17,491
16,028
19,518
20,682
20,457
18,961
23,820
19,664
18,175
17,366
18,197
18,919
20,270
26,721
21,895
19,178
18,373
16,980
21,230
17,951
22,536
22,712
24,032
24,979
14,750
19,124
15,633
20,209
15,396
33,950
17,875
31,210
16,862
36,942
39,710
31,476
68,537
23,611
19,766
17,341
16,699
22,588
18,676
22,755
24,658
30,120
29,231
28,302
24,559
24,234
28,083
28,494
24,503
22,140
24,815
24,167
28,528
25,351
30,092
32,762
37,739
31,439
42,686
32,169
45,238
53,109
47,223
47,202
44,911
35,552
74,999
80,383
84,636
106,731
138,814
182,136
102,041
162,563
39,914
0
0

39,914

162,563

102,041

182,136

138,814

106,731

84,636

80,383

74,999

35,552

44,911

47,202

47,223

53,109

45,238

32,169

42,686

31,439

37,739

32,762

30,092

25,351

28,528

24,167

24,815

22,140

24,503

28,494

28,083

24,234

24,559

28,302

29,231

30,120

24,658

22,755

18,676

22,588

16,699

17,341

19,766

23,611

68,537

31,476

39,710

36,942

16,862

31,210

17,875

33,950

15,396

20,209

15,633

19,124

14,750

24,979

24,032

22,712

22,536

17,951

21,230

16,980

18,373

19,178

21,895

26,721

20,270

18,919

18,197

17,366

18,175

19,664

23,820

18,961

20,457

20,682

19,518

16,028

17,491

20,489

23,429

26,898

22,738

21,272

20,272

22,800

21,062

26,243

23,479

18,879

17,214

16,139

14,819

15,879

> Total Stockholder Equity

98,700
113,400
115,100
117,539
119,055
121,901
126,465
131,618
137,272
140,846
147,907
149,187
152,744
164,435
173,334
178,294
181,571
186,260
182,737
183,103
186,493
176,763
188,029
184,287
178,375
169,406
173,645
171,757
170,994
172,676
181,998
182,388
184,530
182,766
188,324
195,322
197,364
188,998
152,770
190,300
191,676
192,455
195,935
198,294
203,603
211,699
216,189
212,144
222,823
233,733
240,855
237,194
239,962
246,946
251,842
253,897
254,930
244,888
247,845
254,839
262,865
269,827
277,758
279,532
286,689
284,435
295,434
293,844
313,953
322,176
326,271
320,054
325,688
347,641
366,002
381,177
380,302
386,937
392,154
396,293
400,958
-13,160
-11,734
-14,513
-2,082
-496
-209
2,128
-10,843
-5,934
-12,374
-13,561
-67,894
-100,489
-141,948
-137,487
-127,372
-134,472
-161,389
454,796

454,796

-161,389

-134,472

-127,372

-137,487

-141,948

-100,489

-67,894

-13,561

-12,374

-5,934

-10,843

2,128

-209

-496

-2,082

-14,513

-11,734

-13,160

400,958

396,293

392,154

386,937

380,302

381,177

366,002

347,641

325,688

320,054

326,271

322,176

313,953

293,844

295,434

284,435

286,689

279,532

277,758

269,827

262,865

254,839

247,845

244,888

254,930

253,897

251,842

246,946

239,962

237,194

240,855

233,733

222,823

212,144

216,189

211,699

203,603

198,294

195,935

192,455

191,676

190,300

152,770

188,998

197,364

195,322

188,324

182,766

184,530

182,388

181,998

172,676

170,994

171,757

173,645

169,406

178,375

184,287

188,029

176,763

186,493

183,103

182,737

186,260

181,571

178,294

173,334

164,435

152,744

149,187

147,907

140,846

137,272

131,618

126,465

121,901

119,055

117,539

115,100

113,400

98,700

Common Stock

0
0
100
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
113
142
142
142
142
142
142
142
142
142
142
142
142
142
142
144
144
144
144
144
144
147
147
147
147
147
153
158
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161
161

161

158

153

147

144

142

113

100

Retained Earnings

77,800
80,500
83,500
86,361
89,180
92,151
95,239
98,348
101,570
105,062
108,730
112,786
117,636
122,354
127,200
131,320
133,464
134,957
136,852
136,938
137,423
140,818
143,770
140,766
140,882
127,639
135,332
136,925
139,386
143,482
147,092
148,730
150,865
152,900
156,451
158,744
160,328
159,946
129,534
124,952
125,922
126,542
127,941
131,371
134,688
137,871
141,518
144,599
147,261
150,971
154,461
158,079
162,126
166,496
168,474
172,244
175,554
179,564
182,751
186,137
190,375
194,418
198,569
203,312
206,935
210,337
215,470
218,920
223,290
227,184
232,396
237,687
242,501
245,236
249,878
257,078
262,185
270,171
276,563
279,867
289,111
296,151
304,622
313,364
301,243
307,845
315,585
324,850
340,923
356,485
369,019
384,007
394,181
405,019
414,062
421,340
428,453
437,851
446,890
451,687

451,687

446,890

437,851

428,453

421,340

414,062

405,019

394,181

384,007

369,019

356,485

340,923

324,850

315,585

307,845

301,243

313,364

304,622

296,151

289,111

279,867

276,563

270,171

262,185

257,078

249,878

245,236

242,501

237,687

232,396

227,184

223,290

218,920

215,470

210,337

206,935

203,312

198,569

194,418

190,375

186,137

182,751

179,564

175,554

172,244

168,474

166,496

162,126

158,079

154,461

150,971

147,261

144,599

141,518

137,871

134,688

131,371

127,941

126,542

125,922

124,952

129,534

159,946

160,328

158,744

156,451

152,900

150,865

148,730

147,092

143,482

139,386

136,925

135,332

127,639

140,882

140,766

143,770

140,818

137,423

136,938

136,852

134,957

133,464

131,320

127,200

122,354

117,636

112,786

108,730

105,062

101,570

98,348

95,239

92,151

89,180

86,361

83,500

80,500

77,800

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
66,724
67,011
67,247
66,793
67,048
67,562
67,710
67,319
67,480
67,458
67,574
67,182
67,223
72,803
72,955
72,191
72,279
72,427
72,690
81,010
81,255
81,459
81,755
81,901
98,856
112,087
121,058
121,805
122,144
122,478
122,704
122,524
123,980
124,322
124,582
124,445
124,523
124,812
125,118
124,891
125,253
125,785
126,105
125,881
125,568
126,230
126,636
125,476
0
0
0

125,476

126,636

126,230

125,568

125,881

126,105

125,785

125,253

124,891

125,118

124,812

124,523

124,445

124,582

124,322

123,980

122,524

122,704

122,478

122,144

121,805

121,058

112,087

98,856

81,901

81,755

81,459

81,255

81,010

72,690

72,427

72,279

72,191

72,955

72,803

67,223

67,182

67,574

67,458

67,480

67,319

67,710

67,562

67,048

66,793

67,247

67,011

66,724

Treasury Stock

-21,187

-22,337

-22,514

-23,575

-9,216

-6,128

-6,131

-6,441

-1,222

-1,316

-1,702

-1,975

-2,082

-2,106

-2,317

-2,486

-2,557

-2,572

-3,015

-2,533

-2,617

-2,651

-3,015

-2,924

-3,110

-3,096

-3,729

-3,923

-3,895

-3,983

-4,306

-5,208

-5,652

-5,576

-5,752

-6,169

-6,530

-6,558

-6,641

-6,923

-6,968

-6,480

-6,465

-6,692

-6,645

-6,881

-7,660

-7,773

-7,571

-7,985

-9,846

-9,883

-9,820

-10,120

-10,223

-10,100

-8,312

-6,867

-6,561

-5,261

-3,758

-1,599

-113

-136

-220

-15

-379

-383

-749

-759

-912

-935

-977

-1,020

-930

-977

-884

-887

-1,129

-835

-937

-925

-929

-657

Other Stockholders Equity

3,000
15,000
15,900
15,914
15,789
15,540
15,543
15,543
15,544
15,571
15,559
16,360
16,078
18,419
18,434
18,751
18,831
19,851
19,939
20,120
20,211
20,699
20,727
21,802
21,809
23,239
23,254
23,263
23,239
23,612
24,314
24,326
22,955
20,873
19,365
18,217
17,238
16,008
14,198
16,174
16,352
16,742
16,932
17,094
17,323
17,862
18,064
18,369
61,724
60,079
60,366
60,555
60,328
60,568
60,594
60,787
60,678
60,922
60,928
61,405
61,430
61,647
67,151
67,747
67,885
68,296
68,532
68,767
77,281
78,159
78,349
78,831
78,886
96,205
109,470
118,525
118,790
119,572
119,921
120,218
112,912
-313,640
-322,111
-330,853
-318,732
-325,334
-333,074
-342,339
-358,677
-373,938
-386,730
-401,814
-412,434
-423,237
-432,280
-438,793
-428,757
-438,155
-447,194
105,597

105,597

-447,194

-438,155

-428,757

-438,793

-432,280

-423,237

-412,434

-401,814

-386,730

-373,938

-358,677

-342,339

-333,074

-325,334

-318,732

-330,853

-322,111

-313,640

112,912

120,218

119,921

119,572

118,790

118,525

109,470

96,205

78,886

78,831

78,349

78,159

77,281

68,767

68,532

68,296

67,885

67,747

67,151

61,647

61,430

61,405

60,928

60,922

60,678

60,787

60,594

60,568

60,328

60,555

60,366

60,079

61,724

18,369

18,064

17,862

17,323

17,094

16,932

16,742

16,352

16,174

14,198

16,008

17,238

18,217

19,365

20,873

22,955

24,326

24,314

23,612

23,239

23,263

23,254

23,239

21,809

21,802

20,727

20,699

20,211

20,120

19,939

19,851

18,831

18,751

18,434

18,419

16,078

16,360

15,559

15,571

15,544

15,543

15,540

15,789

15,914

15,900

15,000

3,000

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
Accounts Payable	19,412	5,983	4,827,090	4,278,367	3,555,675	3,366,907	3,210,174	2,995,222	2,730,531	2,450,527	2,320,056	2,261,794	1,931,599	1,882,890	1,742,955	1,633,263	1,575,971	1,617,695	1,717,261	1,818,949	1,818,891	1,708,523	1,433,658	1,078,111	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
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
Accumulated Other Comprehensive Income	-119,941	-137,487	-13,207	2,128	-14,513	-21,281	-11,916	-13,951	-11,327	-9,011	-10,187	3,253	945	-4,722	-3,702	-4,013	667	-8,404	-6,178	3,884	8,197	10,368	2,176	-144	-2,661	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
Capital Lease Obligations	33,788	33,229	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	17,453	17,453	17,453	17,489	17,489	17,489	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	126,636	126,105	125,118	124,582	122,704	121,058	81,755	72,690	72,955	67,574	0	67,247	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	124,442	130,466	79,112	93,878	112,947	102,755	99,195	71,277	60,121	58,151	59,692	60,436	57,583	38,964	42,874	34,528	45,165	47,166	47,258	45,279	45,635	48,429	52,171	29,226	49,672	42,800
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
Cash And Short Term Investments	-124,442	1,084,837	1,257,627	721,937	530,864	548,432	624,168	611,203	604,516	680,645	668,998	884,138	57,583	39,058	42,874	34,528	45,165	47,166	47,258	45,279	45,635	48,429	52,171	29,226	49,672	42,800
Common Stock	161	161	161	161	161	161	161	147	144	144	142	142	142	113	113	113	113	113	113	113	113	113	113	113	113	0
Common Stock Shares Outstanding	15,475	15,471	15,937	16,063	16,031	15,956	15,085	14,491	14,135	13,946	13,784	13,751	13,157	10,908	10,769	10,818	11,184	11,340	11,183	11,222	11,285	11,193	11,140	10,996	10,474	9,918
Common Stock Total Equity	0	161	161	161	161	161	161	147	144	144	142	142	142	113	113	113	113	113	113	113	113	113	113	113	113	0
Current Deferred Revenue	-19,412	199,017	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
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
Earning Assets	0	0	0	0	751,857	894,189	1,042,919	1,061,543	1,008,714	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	67,071	67,071	67,071	66,062	66,062	66,062	65,840	66,417	60,402	61,153	48,536	48,968	37,369	37,369	37,369	37,369	37,369	37,369	37,369	41,371	40,621	40,593	0	0	0	0
Intangible Assets	5,433	6,343	7,329	7,727	8,861	10,111	8,863	9,223	6,544	7,486	1,466	50,820	37,369	37,369	37,369	37,649	37,956	38,263	38,683	43,290	40,621	44,547	39,166	2,381	0	0
Inventory	99,961	-151,365	-97,154	-146,849	468	230	148	107	163	949	3,714	1,702	2,885	3,879	1,167	2,020	2,327	2,195	2,352	3,844	653	1,251	947	932	0	0
Liabilities And Stockholders Equity	6,178,335	5,271,472	5,002,076	4,446,071	3,930,718	4,311,698	4,105,210	3,710,340	3,381,024	3,089,521	2,928,636	2,764,034	2,336,353	2,214,307	2,062,389	1,916,919	1,857,876	1,907,552	2,022,392	2,156,329	2,173,732	2,105,034	1,794,296	1,289,327	1,136,460	976,200
Long Term Debt	124,532	74,222	73,911	73,623	39,273	39,202	39,131	39,061	38,990	0	0	0	0	16,702	26,767	46,847	37,355	42,568	80,026	97,082	104,222	76,422	76,259	15,481	0	0
Long Term Debt Total	0	74,222	73,911	73,623	39,273	39,202	39,131	39,061	38,990	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,104,139	4,959,957	4,824,477	900,025	3,971,646	3,502,133	516,466	543,338	485,717	294,438	249,785	0	1,487,223	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
Net Debt	218,878	148,756	-78,574	-88,578	162,553	366,745	347,005	260,223	232,979	276,653	277,350	119,370	93,115	64,913	63,516	36,292	23,045	40,033	67,941	87,357	108,612	147,050	138,218	33,158	6,664	-28,900
Net Invested Capital	747,036	205,000	538	529,958	736,392	887,667	849,179	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	24,481	55,568	57,010	34,370	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	297,607	430,742	377,246	329,368	285,464	271,816	209,734	192,218	176,213	170,153	0	164,879	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-3,091,969	935,405	1,314,099	716,637	255,364	2,830,928	2,497,679	2,177,538	1,951,421	1,772,256	1,685,440	1,695,895	1,464,386	1,372,035	1,310,620	1,213,335	1,005,987	1,027,775	1,079,998	1,276,416	1,396,752	1,306,011	155,963	-1,112,974	-967,428	37,400
Non Current Assets Total	6,028,641	1,289,866	1,520,688	1,014,424	893,264	1,011,270	1,161,331	1,201,302	1,136,503	1,021,965	945,196	929,139	721,269	765,162	692,226	680,119	826,246	847,467	907,288	844,359	726,955	711,834	63,633	357,239	298,637	270,100
Non Current Liabilities Other	0	183,021	84,636	86,653	74,783	39,796	28,528	24,503	24,559	24,658	16,699	0	16,862	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	2,481,876	205,000	73,911	73,623	39,273	39,202	39,131	39,061	38,990	2,475,185	2,336,755	2,330,331	150,698	26,767	46,847	47,355	42,567	54,889	80,093	97,082	104,222	108,290	70,400	15,500	1,800	8,500
Non Currrent Assets Other	5,671,089	-71,097	-21,743	-23,477	-11,515	2,751,996	2,319,711	1,897,835	1,640,005	1,386,911	1,923,748	50,820	1,557,501	-727,793	-654,857	-642,750	37,369	37,369	37,369	41,371	40,621	40,593	39,166	-357,239	-298,637	-270,100
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
Other Assets	0	2,841,201	2,166,751	2,709,710	2,506,590	5,322,968	5,266,541	4,911,642	4,517,527	4,111,486	3,873,832	3,693,173	3,057,622	2,979,469	2,754,615	2,597,038	2,684,122	2,755,019	2,929,680	3,000,688	2,900,687	2,816,868	40,812	902,862	788,151	663,300
Other Current Assets	149,694	151,365	97,154	112,479	124,723	2,751,996	2,319,711	1,897,835	1,640,005	1,386,911	1,314,442	950,757	1,557,501	1,410,087	1,327,289	1,202,272	986,465	1,012,919	1,067,846	1,266,691	1,401,142	1,344,771	1,678,492	0	0	0
Other Current Liab	3,053,679	-205,000	-538	-5,300	-275,500	3,406,703	3,238,702	677,076	641,972	-39,504	-39,042	-40,806	1,931,599	0	0	0	0	0	0	0	0	0	1,470,930	1,095,297	971,004	-5,400
Other Liab	0	102,041	84,636	44,911	45,238	37,739	28,521	24,503	24,559	24,658	16,699	68,537	16,862	15,396	14,750	22,536	18,373	20,270	18,175	20,457	17,491	22,738	21,062	17,214	0	0
Other Stockholder Equity	105,597	-438,793	-401,814	-342,339	-330,853	120,218	118,525	78,831	68,767	67,747	61,405	60,787	60,555	18,369	17,094	16,174	18,217	24,326	23,263	21,802	20,120	18,751	16,360	15,543	15,914	3,500
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
Preferred Stock Total Equity	0	34,584	34,584	34,656	34,656	34,656	34,658	34,680	34,680	34,680	34,684	17,471	34,946	53,785	53,418	53,074	17,581	17,623	17,634	17,722	17,735	17,742	17,752	17,758	0	0
Property Plant And Equipment Gross	134,513	132,319	117,101	40,610	41,424	42,839	45,189	42,398	39,445	36,394	36,009	36,618	33,085	33,263	34,783	36,712	34,157	34,562	36,471	36,473	34,239	27,254	24,467	18,423	17,009	18,100
Property Plant And Equipment Net	71,426	73,106	62,181	40,610	41,424	42,839	45,189	42,398	39,445	36,394	36,009	36,618	33,085	33,263	34,783	36,712	34,157	34,562	36,471	36,473	34,239	27,254	24,467	18,423	17,009	18,100
Property Plant Equipment	0	41,986	40,111	60,566	41,424	42,839	45,189	42,398	39,445	36,394	36,009	36,618	33,085	33,263	34,783	36,712	34,157	34,562	36,471	36,473	34,239	27,254	24,467	18,423	0	0
Retained Earnings	451,687	421,340	384,007	324,850	313,364	279,867	257,078	237,687	218,920	203,312	186,137	172,244	158,079	144,599	131,371	124,952	158,744	148,730	136,925	140,766	136,938	131,320	112,786	98,348	86,361	75,200
Retained Earnings Total Equity	0	421,340	384,007	324,850	313,364	279,867	257,078	237,687	218,920	203,312	186,137	0	158,079	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	185,000	205,000	538	5,300	275,500	469,500	446,200	331,500	332,090	334,804	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	343,320	279,222	538	5,300	275,500	469,500	446,200	331,500	293,100	334,804	337,042	179,806	150,698	103,877	106,390	70,820	68,210	87,199	115,199	132,636	154,247	195,479	190,389	62,384	56,336	13,900
Short Term Debt	187,984	205,000	538	5,300	275,500	469,500	446,200	331,500	293,100	334,804	337,042	179,806	150,698	77,110	59,543	23,465	25,643	32,310	35,106	35,554	50,025	87,189	103,770	46,903	46,096	5,400
Short Term Investments	887,730	954,371	1,178,515	628,059	417,917	445,677	524,973	539,926	544,395	622,494	609,400	823,796	666,368	666,368	580,501	547,506	695,241	735,148	790,855	717,179	40,006	0	1,000	1,101	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
Total Assets	6,178,335	5,271,472	5,002,076	4,446,071	3,930,718	4,311,698	4,105,210	3,710,340	3,381,024	3,089,521	2,928,636	2,764,034	2,336,353	2,214,307	2,062,389	1,916,919	1,857,876	1,907,552	2,022,392	2,156,329	2,173,732	2,105,034	1,794,296	1,289,327	1,136,460	976,200
Total Current Assets	149,694	1,140,405	1,314,637	721,937	530,864	3,300,428	2,943,879	2,509,038	2,244,521	2,067,556	1,983,440	1,834,895	1,615,084	1,449,145	1,370,163	1,236,800	1,031,630	1,060,085	1,115,104	1,311,970	1,446,777	1,393,200	1,730,663	29,226	49,672	42,800
Total Current Liabilities	3,241,663	205,000	538	5,300	275,500	469,500	446,200	331,500	293,100	295,300	298,000	139,000	150,698	77,110	59,543	23,465	25,643	32,310	35,106	35,554	50,025	87,189	1,574,700	1,142,200	1,017,100	5,400
Total Liab	5,723,539	5,408,959	5,015,637	4,443,943	3,945,231	3,915,405	3,724,033	3,390,286	3,087,180	2,809,989	2,673,797	2,510,137	2,099,159	2,002,163	1,864,095	1,726,619	1,662,554	1,725,164	1,850,635	1,972,042	1,990,629	1,926,740	1,645,109	1,157,709	1,018,921	879,600
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
Total Stockholder Equity	454,796	-137,487	-13,561	2,128	-14,513	396,293	381,177	320,054	293,844	279,532	254,839	253,897	237,194	212,144	198,294	190,300	195,322	182,388	171,757	184,287	183,103	178,294	149,187	131,618	117,539	96,600
Treasury Stock	0	-22,337	-9,216	-1,222	-1,975	-2,486	-2,533	-2,924	-3,923	-5,208	-6,169	-6,923	-6,692	-7,660	-9,846	-10,223	-6,561	-113	-15	-383	-935	-977	-835	-929	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

	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
Accounts Payable	19,412	18,138	0	5,141,307	5,983	4,905,154	4,820,516	5,002,932	4,827,090	4,974,963	4,659,221	4,716,014	4,278,367	4,364,928	3,994,008	3,787,185	3,555,675	3,586,214	3,471,989	3,508,837	3,366,907	3,485,729	3,262,167	3,380,009	3,210,174	3,281,508	3,132,486	3,169,659	2,995,222	3,063,357	2,858,005	2,960,177	2,730,531	2,753,500	2,656,238	2,704,695	2,450,527	2,538,824	2,450,078	2,533,420	2,320,056	2,414,185	2,324,236	2,409,497	2,261,794	2,331,719	2,135,271	2,066,569	1,931,599	1,983,671	1,872,239	1,969,581	1,882,890	1,946,397	1,821,945	1,849,874	1,742,955	1,797,178	1,700,260	1,737,280	1,633,263	1,660,414	1,595,755	1,627,972	1,575,971	1,616,262	1,617,049	1,671,762	1,617,695	1,639,619	1,617,057	1,678,158	1,717,261	1,781,065	1,785,102	1,869,909	1,818,949	1,862,330	1,849,375	1,872,217	1,818,891	1,827,926	1,826,233	1,820,608	1,708,523	1,649,988	1,607,788	1,521,199	1,433,658	1,431,170	1,381,605	1,129,970	1,078,111	1,049,870	988,755	949,411	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
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
Accumulated Other Comprehensive Income	-119,941	-161,389	-134,472	-127,372	-137,487	-141,183	-99,724	-67,094	-13,207	-12,116	-5,934	-10,572	2,128	-209	-496	-2,082	-14,513	-11,734	-13,160	-18,554	-21,281	-21,820	-20,296	-18,163	-11,916	-10,838	-11,293	-13,186	-13,951	-1,961	-654	-4,105	-11,327	-6,052	-11,682	-5,615	-9,011	-5,446	-3,720	-6,424	-10,187	-13,318	-13,134	1,137	3,253	5,161	2,267	-107	945	8,407	5,062	-3,879	-4,722	2,802	2,254	-2,029	-3,702	-2,381	-4,184	-3,868	-4,013	-8,650	-4,650	2,104	667	-5,186	-8,701	-7,026	-8,404	-7,144	-12,154	-9,374	-6,178	-2,690	759	-2,090	3,884	5,686	-2,601	11,012	8,197	8,098	13,604	11,421	10,368	9,835	5,797	1,165	2,176	5,750	2,345	2,290	-144	-2,188	-3,666	-3,798	-2,661	-2,200	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	33,788	34,125	0	0	33,229	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	17,453	17,453	17,453	17,453	17,453	17,453	17,453	17,453	17,453	17,453	17,453	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	125,476	126,636	126,230	125,568	125,881	126,105	125,785	125,253	124,891	125,118	124,812	124,523	124,445	124,582	124,322	123,980	122,524	122,704	122,478	122,144	121,805	121,058	112,087	98,856	81,901	81,755	81,459	81,255	81,010	72,690	72,427	72,279	72,191	72,955	72,803	67,223	67,182	67,574	67,458	67,480	67,319	67,710	67,562	67,048	66,793	67,247	67,011	66,724	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	124,442	192,111	180,248	139,974	130,466	118,581	109,705	170,404	79,112	288,426	206,387	344,790	93,878	282,070	119,610	152,168	112,947	136,815	108,988	79,786	102,755	117,331	89,094	122,914	99,195	97,838	84,537	149,699	71,277	110,721	67,624	110,944	60,121	51,334	52,554	135,972	58,151	87,582	64,832	72,401	59,692	99,384	50,927	84,791	60,436	77,045	61,813	77,025	57,583	67,601	46,084	94,441	39,058	73,354	43,419	38,081	42,874	60,106	41,405	122,689	34,528	54,105	60,640	49,460	45,165	55,736	44,309	40,647	47,166	52,910	50,735	44,480	47,258	51,290	54,871	49,231	45,279	58,460	49,953	43,594	45,635	66,653	64,491	48,828	48,429	643,656	44,052	46,316	52,171	57,289	40,234	30,537	29,226	35,442	28,758	31,881	49,672	30,600	22,600	27,100
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
Cash And Short Term Investments	1,249,928	1,266,832	1,285,254	139,974	1,084,837	1,084,112	1,166,723	1,289,766	1,257,627	1,386,376	1,109,232	1,098,279	721,937	798,041	589,023	597,013	530,864	532,256	515,497	507,331	548,432	575,641	581,322	633,111	624,168	649,329	625,112	690,105	611,203	670,216	687,343	720,957	604,516	628,843	825,193	775,247	680,645	673,061	666,641	746,957	668,998	682,841	861,382	938,134	884,138	77,045	61,813	77,025	57,583	67,601	46,084	94,535	39,058	73,448	43,419	71,874	42,874	60,106	41,405	122,689	34,528	54,105	60,640	49,460	45,165	55,736	44,309	40,647	47,166	52,910	50,735	44,480	47,258	51,290	54,871	49,231	45,279	58,460	49,953	43,594	45,635	66,653	64,491	48,828	48,429	643,656	44,052	46,316	52,171	57,289	40,234	30,537	29,226	35,442	28,758	31,881	49,672	30,600	22,600	27,100
Common Stock	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	158	153	147	147	147	147	147	144	144	144	144	144	144	142	142	142	142	142	142	142	142	142	142	142	142	142	142	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	100	0	0
Common Stock Shares Outstanding	15,511	15,462	15,413	15,435	15,413	15,393	15,385	15,699	15,928	15,936	15,913	15,972	16,078	16,058	16,047	16,069	16,072	16,056	16,015	15,978	15,971	15,964	15,948	15,941	15,793	15,302	14,702	14,528	14,511	14,500	14,489	14,465	14,163	14,139	14,121	14,113	14,112	14,007	13,838	13,824	13,817	13,787	13,767	13,767	13,761	13,759	13,750	13,733	13,675	13,704	13,707	11,348	11,348	11,002	10,846	10,998	10,729	10,779	10,766	10,747	10,716	10,738	10,928	12,190	12,190	11,941	12,752	12,466	12,466	11,335	12,214	12,463	12,463	11,314	11,318	13,465	11,276	11,293	11,274	11,365	11,365	11,155	11,297	11,206	11,206	11,224	11,196	11,220	11,023	11,080	11,188	11,078	11,078	11,003	11,014	10,889	10,889	11,176	10,000	10,000
Common Stock Total Equity	0	0	0	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	161	158	153	147	147	147	147	147	144	144	144	144	144	144	142	142	142	142	142	142	142	142	142	142	142	142	142	142	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	113	100	0	0
Current Deferred Revenue	-19,412	-18,138	0	0	199,017	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-4,466	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
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
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	765,968	751,857	773,252	806,321	867,713	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	67,071	67,071	67,071	67,071	67,071	67,071	67,071	67,071	67,071	67,071	66,673	66,673	66,062	66,062	66,062	66,062	66,062	66,062	66,062	66,062	66,062	68,412	68,412	65,840	65,840	65,840	64,842	66,417	66,417	66,417	66,417	66,417	60,402	61,153	61,153	61,153	61,153	61,153	48,536	48,536	48,536	48,500	48,500	48,500	48,968	48,968	42,437	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	41,371	41,371	40,946	40,946	40,621	40,621	40,621	40,621	40,621	40,593	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	5,433	5,654	5,879	6,109	6,343	6,582	6,826	7,075	7,329	7,588	7,589	7,855	7,727	8,000	8,280	8,567	8,861	9,163	9,472	9,788	10,111	10,441	10,776	8,575	8,863	9,157	8,635	8,926	9,223	9,526	9,835	10,150	6,544	6,772	7,005	7,243	7,486	7,734	49,826	1,466	1,466	50,095	50,190	50,288	50,820	1,956	43,858	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,649	37,369	37,369	37,369	37,956	37,369	37,369	37,369	38,263	37,369	37,369	37,369	38,683	37,369	37,369	41,371	43,290	40,946	40,946	40,621	40,621	40,621	40,621	40,621	44,547	37,293	37,310	36,709	39,166	38,008	38,804	0	2,381	0	0	0	0	0	0	0
Inventory	-1,274,409	-303,886	163	0	-151,365	0	0	0	0	0	646	2,966	2,966	2,999	679	749	468	91	37	41	230	290	299	480	2,866	2,688	2,018	2,155	1,157	1,138	490	796	1,593	1,854	613	795	949	1,538	755	1,312	3,714	3,234	3,838	2,513	1,702	1,714	1,952	2,311	2,885	2,985	15,110	2,234	3,879	463	500	771	1,167	1,728	4,051	3,167	2,020	2,017	2,161	2,356	2,327	1,732	2,784	2,294	2,195	2,272	1,456	835	2,352	4,228	135,437	2,514	3,844	2,089	960	850	653	756	640	1,316	1,251	1,532	1,539	1,125	947	1,193	1,212	950	932	1,100	1,127	900	0	0	0	0
Liabilities And Stockholders Equity	6,178,335	5,570,044	5,580,953	5,416,797	5,271,472	5,088,486	5,041,908	5,115,758	5,002,076	5,116,806	5,295,102	5,329,056	4,912,306	4,959,201	4,680,930	4,471,768	4,384,178	4,332,737	4,313,945	4,282,991	4,311,698	4,258,385	4,191,315	4,152,432	4,105,210	4,021,591	3,891,538	3,859,865	3,710,340	3,687,365	3,585,589	3,516,572	3,381,024	3,357,608	3,359,459	3,197,077	3,089,521	3,055,304	2,993,264	3,015,619	2,928,636	2,867,517	2,782,303	2,827,658	2,764,034	2,653,319	2,622,751	2,460,820	2,336,353	2,358,811	2,282,944	2,295,116	2,214,307	2,249,531	2,142,931	2,156,055	2,062,389	2,138,205	1,996,724	2,030,429	1,916,919	1,945,819	1,895,448	1,912,652	1,857,876	1,902,985	1,898,092	1,962,748	1,907,552	1,952,129	1,923,819	1,980,831	2,022,392	2,094,971	2,109,003	2,196,276	2,156,329	2,208,020	2,178,778	2,223,361	2,173,732	2,186,350	2,194,323	2,203,498	2,105,034	2,033,655	1,979,421	1,884,226	1,794,296	1,749,650	1,715,196	1,337,581	1,289,327	1,261,740	1,203,890	1,144,863	1,136,460	1,072,700	1,030,200	993,200
Long Term Debt	124,532	124,454	124,377	124,299	74,222	74,144	74,067	73,989	73,911	73,834	73,756	73,679	73,623	39,258	39,308	39,291	39,273	39,255	39,237	39,220	39,202	39,184	39,167	39,149	39,131	39,114	39,096	39,078	39,061	39,043	39,025	39,008	38,990	38,972	38,955	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	26,702	42,060	26,767	26,768	46,768	46,846	46,847	46,848	46,849	46,877	47,355	67,475	37,488	42,501	42,567	45,847	53,861	54,875	54,889	71,044	79,061	80,077	80,093	84,110	66,128	94,046	97,082	98,118	100,153	102,187	104,222	84,806	89,416	111,191	108,290	121,387	103,484	91,580	86,619	71,741	69,830	31,684	15,481	69,266	78,415	60,518	0	0	0	0
Long Term Debt Total	0	0	0	124,299	74,222	74,144	74,067	73,989	73,911	73,834	73,756	73,679	73,623	39,258	39,308	39,291	39,273	39,255	39,237	39,220	39,202	39,184	39,167	39,149	39,131	39,114	39,096	39,078	39,061	39,043	39,025	39,008	38,990	38,972	38,955	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	26,702	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,104,139	1,008,419	1,072,015	5,141,928	4,959,957	4,790,350	1,261,951	4,817,588	4,824,477	4,712,321	1,121,703	4,363,732	900,025	4,042,191	3,915,572	3,642,538	3,971,646	3,912,896	3,924,414	3,944,450	3,502,133	3,417,165	3,343,074	501,905	516,466	538,332	533,471	545,381	543,338	528,708	478,549	476,283	485,717	490,638	320,820	306,255	294,438	285,967	262,057	253,576	249,785	245,708	17,348	17,747	17,905	1,655,659	1,623,732	1,523,514	1,487,223	1,437,680	1,386,022	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	218,878	-122,111	193,752	-23,974	148,756	24,563	73,362	-96,415	-78,574	-214,592	-132,631	-271,111	-88,578	-276,770	-14,310	-42,668	162,553	74,585	199,512	266,760	366,745	190,869	383,706	204,686	347,005	212,962	262,963	153,601	260,223	119,479	270,676	68,256	232,979	190,066	298,046	39,601	276,653	128,385	189,851	124,345	277,350	88,762	142,486	54,829	119,370	-38,763	139,011	40,322	93,115	35,474	113,013	-25,679	64,819	-6,618	50,235	45,373	63,516	60,007	38,572	-43,928	36,292	60,579	28,825	20,876	23,045	23,485	32,073	39,088	40,033	58,683	65,154	69,833	67,941	69,307	75,804	79,800	87,357	78,519	83,169	105,029	108,612	88,545	93,910	125,593	147,050	-454,595	142,874	141,167	138,218	87,041	129,032	20,923	33,158	33,824	49,657	28,637	6,664	-7,400	9,800	-7,200
Net Invested Capital	747,036	70,000	374,000	116,000	205,000	69,000	109,000	503,543	538	550,555	543,590	522,641	529,958	483,591	575,325	570,856	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	24,481	86,773	0	0	55,568	0	0	55,763	57,010	50,075	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	315,059	297,607	303,103	334,612	355,408	430,742	389,946	395,572	357,112	377,246	347,643	339,047	330,108	329,368	322,736	312,164	297,747	285,464	278,643	273,091	271,229	271,816	256,337	239,484	215,665	209,734	215,648	211,244	202,706	192,218	192,829	181,597	183,613	176,213	174,191	185,321	178,268	170,153	163,066	159,910	169,804	168,135	165,976	168,142	167,647	164,879	168,528	161,406	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,091,969	1,045,440	1,064,613	23,974	935,405	1,212,650	1,057,723	1,320,857	49,112	-3,588,587	-603,656	4,199,792	3,892,582	4,032,354	3,680,600	3,455,129	3,215,414	3,222,979	3,082,835	3,030,770	2,830,928	2,910,090	2,628,615	2,694,047	2,497,679	2,500,303	2,350,187	2,348,910	2,177,538	2,252,841	2,032,207	2,133,738	1,951,421	1,942,104	1,810,132	2,004,516	1,772,256	1,911,169	1,832,053	1,842,659	1,685,440	1,810,105	1,713,817	1,768,859	1,695,895	1,759,278	1,555,927	1,549,580	1,464,386	1,482,356	1,349,191	1,464,974	1,372,035	1,419,054	1,345,612	1,364,525	1,310,620	1,321,561	1,344,225	1,310,679	1,213,335	1,154,039	1,045,949	1,067,702	1,005,987	997,951	991,755	1,060,078	1,027,775	1,060,036	1,021,802	1,038,151	1,079,998	1,125,036	1,201,508	1,314,790	1,276,416	1,331,503	1,342,643	1,390,065	1,396,752	1,438,390	1,457,460	1,403,107	1,306,011	215,758	188,790	166,236	155,963	141,303	132,109	-1,154,263	-1,112,974	-1,087,358	-1,040,642	-981,419	-959,028	105,200	106,200	17,300
Non Current Assets Total	6,028,641	73,079	73,194	73,180	1,289,866	73,655	1,376,309	1,466,493	1,520,677	1,453,803	1,239,537	1,123,964	1,014,424	921,547	895,030	907,139	893,264	898,358	922,610	984,471	1,011,270	1,040,095	1,089,900	1,130,785	1,161,331	1,210,488	1,193,851	1,207,655	1,201,302	1,204,324	1,215,082	1,203,634	1,136,503	1,174,104	1,198,727	1,050,261	1,021,965	976,935	949,711	1,014,260	945,196	915,912	914,986	958,799	929,139	855,759	866,000	793,893	721,269	773,380	801,358	788,082	765,162	790,509	750,433	754,922	692,226	743,379	619,371	687,866	680,119	744,571	797,522	817,115	826,246	871,660	883,816	877,810	847,467	851,544	865,189	908,444	907,288	933,448	842,948	846,501	844,359	837,656	803,166	786,860	726,955	677,568	667,878	737,161	711,834	62,797	62,931	61,890	63,633	62,147	62,287	360,529	357,239	353,080	323,977	310,642	298,637	20,200	20,500	297,100
Non Current Liabilities Other	0	0	0	162,563	183,021	182,136	138,814	106,731	84,636	80,383	74,999	73,079	86,653	93,354	94,269	96,399	74,783	63,251	71,865	58,931	39,796	33,118	30,244	25,372	28,528	24,167	24,815	22,140	24,503	28,494	28,083	24,234	24,559	28,302	29,231	30,120	24,658	22,755	18,676	22,588	16,699	17,341	19,766	23,611	68,537	31,476	39,710	36,942	16,862	31,210	17,875	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,481,876	4,129,080	4,090,856	116,000	205,000	3,844,173	74,067	73,989	73,911	73,834	73,756	73,679	73,623	39,258	39,308	39,291	39,273	39,255	39,237	39,220	39,202	39,184	39,167	39,149	39,131	39,114	39,096	39,078	39,061	39,043	39,025	39,008	38,990	38,972	38,955	2,734,815	2,475,185	2,561,579	2,468,754	2,556,008	2,336,755	2,431,526	2,344,002	2,433,108	2,330,331	38,282	200,824	117,347	1,948,461	103,075	26,702	26,702	26,767	26,768	46,768	46,846	46,847	46,848	46,849	46,877	47,355	67,475	37,488	42,501	42,567	45,847	53,861	54,875	54,889	71,044	79,061	80,077	80,093	84,110	66,128	94,046	97,082	98,118	100,153	102,187	104,222	84,806	89,416	111,191	108,290	105,200	87,300	75,400	70,400	55,500	53,600	15,500	15,500	12,500	12,600	12,500	10,200	10,300	13,400	10,100
Non Currrent Assets Other	5,671,089	-39,593	-40,437	-1,216,631	-71,097	-1,203,974	226,335	-40,117	-11	507,182	478,304	-1,049,436	-940,635	-847,485	3,196,877	2,967,616	2,960,050	2,902,123	2,875,838	-183	2,751,996	2,642,649	2,520,093	2,388,536	2,319,711	2,161,774	2,072,575	1,962,105	1,897,835	1,812,825	1,683,164	1,591,981	1,640,005	1,554,661	1,335,539	1,371,569	1,386,911	1,405,308	49,826	49,913	1,923,748	50,095	50,190	50,288	50,820	1,720,515	43,858	1,589,902	1,557,501	1,517,830	1,435,502	-750,713	-727,793	-753,140	-713,064	-717,553	-654,857	-706,010	-582,002	-650,497	-642,750	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	37,369	41,371	41,371	40,946	40,946	40,621	40,621	40,621	40,621	40,621	40,593	37,293	37,310	36,709	39,166	38,008	38,804	-360,529	-357,239	-353,080	-323,977	-310,642	-298,637	3,300	3,500	-297,100
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
Other Assets	4,329,972	4,800,238	4,222,505	5,203,643	2,841,201	3,733,181	2,498,876	2,303,736	3,402,287	2,276,627	5,295,102	5,329,056	4,912,306	4,959,201	4,680,930	4,471,768	5,277,442	5,231,095	5,236,555	-19,550	5,322,968	5,298,480	5,281,215	5,283,217	5,266,541	5,232,079	5,085,389	5,067,520	4,911,642	4,891,689	4,800,671	4,720,206	4,517,527	4,531,712	4,558,186	4,247,338	4,111,486	4,032,239	3,942,975	4,029,879	3,873,832	3,783,429	3,697,289	3,786,457	3,693,173	3,509,078	3,488,751	3,254,713	3,057,622	3,132,191	3,084,302	3,083,198	2,979,469	3,040,040	2,893,364	2,910,977	2,754,615	2,881,584	2,616,095	2,718,295	2,597,038	2,690,390	2,692,970	2,729,767	2,684,122	2,774,645	2,781,908	2,840,558	2,755,019	2,803,673	2,789,008	2,889,275	2,929,680	3,028,419	2,951,951	3,042,777	3,000,688	3,045,676	2,981,944	3,010,221	2,900,687	2,863,918	2,862,201	2,940,659	2,816,868	674,768	685,382	629,349	568,735	545,315	534,349	946,515	902,862	873,218	851,155	802,340	788,151	0	0	669,000
Other Current Assets	149,694	217,113	203,625	161,751	151,365	197,538	125,577	5,544	-1,235,525	2,732,939	2,946,333	3,106,813	3,175,945	3,239,613	3,196,877	2,967,616	2,960,050	2,902,123	2,875,838	2,810,739	2,751,996	2,642,649	2,520,093	2,388,536	2,319,711	2,161,774	2,072,575	1,962,105	1,897,835	1,812,825	1,683,164	1,591,981	1,640,005	1,554,661	1,335,539	1,371,569	1,386,911	1,405,308	1,376,912	1,254,402	1,314,442	1,268,764	1,005,935	930,725	950,757	1,720,515	1,694,938	1,589,902	1,557,501	1,517,830	1,435,502	1,412,499	1,410,087	1,385,574	1,349,079	1,329,259	1,327,289	1,334,720	1,335,948	1,219,874	1,202,272	1,147,143	1,037,286	1,046,077	986,465	975,589	969,967	1,044,291	1,012,919	1,047,675	1,007,895	1,027,907	1,067,846	1,110,233	1,211,184	1,300,544	1,266,691	1,311,904	1,325,659	1,392,907	1,401,142	1,442,129	1,461,954	1,417,509	1,344,771	1,327,202	1,872,438	1,776,020	1,678,492	1,630,214	1,612,675	0	0	0	0	0	0	1,021,900	987,100	0
Other Current Liab	3,053,679	151,392	-153,359	-116,000	-205,000	4,905,154	4,820,516	5,002,932	29,462	4,974,963	4,659,221	4,716,014	4,278,367	4,364,928	3,994,008	3,787,185	3,555,675	3,586,214	3,471,989	-59,246	3,366,907	3,485,729	3,262,167	702,900	718,498	710,865	677,124	666,332	677,076	657,624	626,240	617,394	641,972	623,296	602,143	-33,273	-39,504	-48,767	-43,183	-38,046	-39,042	-46,646	-39,913	-39,620	-40,806	2,331,719	2,135,271	2,066,569	1,931,599	1,983,671	1,872,239	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,466	0	0	0	0	0	0	0	0	1,687,426	1,644,258	1,560,197	1,470,930	1,473,611	1,421,364	1,165,024	1,095,297	1,066,054	1,003,543	965,288	962,604	934,400	884,500	-9,800
Other Liab	0	0	39,914	162,563	102,041	182,136	138,814	106,731	84,636	80,383	74,999	35,552	44,911	47,202	47,223	53,109	45,238	32,169	42,686	31,439	37,739	32,762	30,092	25,351	28,528	24,167	24,815	22,140	24,503	28,494	28,083	24,234	24,559	28,302	29,231	30,120	24,658	22,755	18,676	22,588	16,699	17,341	19,766	23,611	68,537	31,476	39,710	36,942	16,862	31,210	17,875	33,950	15,396	20,209	15,633	19,124	14,750	24,979	24,032	22,712	22,536	17,951	21,230	16,980	18,373	19,178	21,895	26,721	20,270	18,919	18,197	17,366	18,175	19,664	23,820	18,961	20,457	20,682	19,518	16,028	17,491	20,489	23,429	26,898	22,738	21,272	20,272	22,800	21,062	26,243	23,479	18,879	17,214	16,139	14,819	15,879	0	0	0	0
Other Stockholder Equity	105,597	-447,194	-438,155	-428,757	-438,793	-432,280	-423,237	-412,434	-401,814	-386,730	-373,938	-358,677	-342,339	-333,074	-325,334	-318,732	-330,853	-322,111	-313,640	112,912	120,218	119,921	119,572	118,790	118,525	109,470	96,205	78,886	78,831	78,349	78,159	77,281	68,767	68,532	68,296	67,885	67,747	67,151	61,647	61,430	61,405	60,928	60,922	60,678	60,787	60,594	60,568	60,328	60,555	60,366	60,079	61,724	18,369	18,064	17,862	17,323	17,094	16,932	16,742	16,352	16,174	14,198	16,008	17,238	18,217	19,365	20,873	22,955	24,326	24,314	23,612	23,239	23,263	23,254	23,239	21,809	21,802	20,727	20,699	20,211	20,120	19,939	19,851	18,831	18,751	18,434	18,419	16,078	16,360	15,559	15,571	15,544	15,543	15,543	15,540	15,789	15,914	15,900	15,000	3,000
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
Preferred Stock Total Equity	0	0	0	34,584	34,584	34,584	34,584	34,584	34,584	34,584	34,584	34,644	34,656	34,656	34,656	34,656	34,656	34,656	34,656	34,656	34,656	34,658	34,658	34,658	34,658	34,668	34,680	34,680	34,680	34,680	34,680	34,680	34,680	34,680	34,680	34,680	34,680	34,680	34,680	34,684	34,684	34,684	34,788	34,838	34,942	34,942	34,946	34,946	34,946	34,958	34,958	17,575	53,785	53,692	53,599	53,508	53,418	53,330	53,242	53,157	53,074	17,575	17,581	17,581	17,581	17,581	17,581	17,623	17,623	17,623	17,623	17,630	17,634	17,636	17,656	17,661	17,722	17,733	17,734	17,734	17,735	17,735	17,735	17,742	17,742	17,752	17,752	17,752	17,752	17,755	17,755	17,755	17,758	17,758	17,763	17,771	0	0	0	0
Property Plant And Equipment Gross	134,513	71,839	0	41,609	132,319	40,907	0	0	0	0	43,572	39,820	40,610	40,568	41,403	41,426	41,424	41,387	41,957	42,092	42,839	43,309	43,681	44,268	45,189	45,668	46,328	46,525	42,398	40,178	40,562	40,771	39,445	38,032	37,110	36,335	36,394	36,602	35,925	36,121	36,009	36,558	36,899	37,327	36,618	36,653	34,910	32,831	33,085	33,397	32,940	32,617	33,263	33,516	34,127	34,330	34,783	35,210	35,976	36,112	36,712	35,411	33,893	33,611	34,157	34,690	34,720	34,341	34,562	34,472	35,058	35,884	36,471	36,774	36,932	37,438	36,473	34,726	34,262	34,438	34,239	33,152	32,674	31,518	27,254	25,504	25,621	25,181	24,467	24,139	23,483	18,953	18,423	17,538	17,240	16,904	17,009	16,900	17,000	17,400
Property Plant And Equipment Net	71,426	39,947	40,681	41,609	73,106	40,907	40,461	61,812	62,181	63,059	43,572	39,820	40,610	40,568	41,403	41,426	41,424	41,387	41,957	42,092	42,839	43,309	43,681	44,268	45,189	45,668	46,328	46,525	42,398	40,178	40,562	40,771	39,445	38,032	37,110	36,335	36,394	36,602	35,925	36,121	36,009	36,558	36,899	37,327	36,618	36,653	34,910	32,831	33,085	33,397	32,940	32,617	33,263	33,516	34,127	34,330	34,783	35,210	35,976	36,112	36,712	35,411	33,893	33,611	34,157	34,690	34,720	34,341	34,562	34,472	35,058	35,884	36,471	36,774	36,932	37,438	36,473	34,726	34,262	34,438	34,239	33,152	32,674	31,518	27,254	25,504	25,621	25,181	24,467	24,139	23,483	18,953	18,423	17,538	17,240	16,904	17,009	16,900	17,000	17,400
Property Plant Equipment	0	0	72,090	41,609	41,986	40,907	61,711	40,115	40,111	40,605	66,658	39,820	60,566	40,568	41,403	41,426	41,424	41,387	41,957	42,092	42,839	43,309	43,681	44,268	45,189	45,668	46,328	46,525	42,398	40,178	40,562	40,771	39,445	38,032	37,110	36,335	36,394	36,602	35,925	36,121	36,009	36,558	36,899	37,327	36,618	36,653	34,910	32,831	33,085	33,397	32,940	32,617	33,263	33,516	34,127	34,330	34,783	35,210	35,976	36,112	36,712	35,411	33,893	33,611	34,157	34,690	34,720	34,341	34,562	34,472	35,058	35,884	36,471	36,774	36,932	37,438	36,473	34,726	34,262	34,438	34,239	33,152	32,674	31,518	27,254	25,504	25,621	25,181	24,467	24,139	23,483	18,953	18,423	17,538	17,240	16,904	0	0	0	0
Retained Earnings	451,687	446,890	437,851	428,453	421,340	414,062	405,019	394,181	384,007	369,019	356,485	340,923	324,850	315,585	307,845	301,243	313,364	304,622	296,151	289,111	279,867	276,563	270,171	262,185	257,078	249,878	245,236	242,501	237,687	232,396	227,184	223,290	218,920	215,470	210,337	206,935	203,312	198,569	194,418	190,375	186,137	182,751	179,564	175,554	172,244	168,474	166,496	162,126	158,079	154,461	150,971	147,261	144,599	141,518	137,871	134,688	131,371	127,941	126,542	125,922	124,952	129,534	159,946	160,328	158,744	156,451	152,900	150,865	148,730	147,092	143,482	139,386	136,925	135,332	127,639	140,882	140,766	143,770	140,818	137,423	136,938	136,852	134,957	133,464	131,320	127,200	122,354	117,636	112,786	108,730	105,062	101,570	98,348	95,239	92,151	89,180	86,361	83,500	80,500	77,800
Retained Earnings Total Equity	0	0	0	428,453	421,340	414,062	405,019	394,181	384,007	369,019	356,485	340,923	324,850	315,585	307,845	301,243	313,364	304,622	296,151	289,111	279,867	276,563	270,171	262,185	257,078	249,878	245,236	242,501	237,687	232,396	227,184	223,290	218,920	215,470	210,337	206,935	203,312	198,569	194,418	190,375	186,137	182,751	179,564	175,554	172,244	168,474	166,496	162,126	158,079	154,461	150,971	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	185,000	70,000	374,000	116,000	205,000	69,000	109,000	0	538	0	0	0	5,300	5,300	105,300	109,500	275,500	211,400	308,500	287,300	0	0	512,119	366,770	485,335	349,923	386,596	303,300	370,561	230,200	338,300	0	332,090	0	0	0	334,804	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	343,320	70,000	374,000	116,000	279,222	143,144	183,067	73,989	538	73,834	73,756	73,679	5,300	5,300	105,300	109,500	275,500	211,400	308,500	346,546	469,500	308,200	472,800	327,600	446,200	310,800	347,500	303,300	331,500	230,200	338,300	179,200	293,100	241,400	350,600	175,573	334,804	215,967	254,683	196,746	337,042	188,146	193,413	139,620	179,806	38,282	200,824	117,347	150,698	103,075	159,097	68,762	103,877	66,736	93,654	83,454	106,390	120,113	79,977	78,761	70,820	114,684	89,465	70,336	68,210	79,221	76,382	79,735	87,199	111,593	115,889	114,313	115,199	120,597	130,675	129,031	132,636	136,979	133,122	148,623	154,247	155,198	158,401	174,421	195,479	189,061	186,926	187,483	190,389	144,330	169,266	51,460	62,384	69,266	78,415	60,518	56,336	23,200	32,400	19,900
Short Term Debt	187,984	70,000	374,000	116,000	205,000	69,000	109,000	24,672	538	0	0	5,300	5,300	5,300	105,300	109,500	275,500	211,400	308,500	346,546	469,500	308,200	472,800	327,600	446,200	310,800	347,500	303,300	331,500	230,200	338,300	179,200	293,100	241,400	350,600	175,573	334,804	215,967	254,683	196,746	337,042	188,146	193,413	139,620	179,806	38,282	200,824	117,347	150,698	103,075	132,395	42,060	77,110	39,968	46,886	36,608	59,543	73,265	33,128	31,884	23,465	47,209	51,977	27,835	25,643	33,374	22,521	24,860	32,310	40,549	36,828	34,236	35,106	36,487	64,547	34,985	35,554	38,861	32,969	46,436	50,025	70,392	68,985	63,230	87,189	67,674	83,442	95,903	103,770	72,589	99,436	19,776	46,903	56,746	65,857	48,012	46,096	12,900	19,000	9,800
Short Term Investments	887,730	1,266,832	1,285,254	945,442	954,371	965,531	1,057,018	1,119,362	1,178,515	1,097,950	902,845	753,489	628,059	515,971	469,413	444,845	417,917	395,441	406,509	427,545	445,677	458,310	492,228	510,197	524,973	551,491	540,575	540,406	539,926	559,495	619,719	610,013	544,395	577,509	772,639	639,275	622,494	585,479	601,903	674,650	609,400	583,551	810,549	853,437	823,796	748,618	765,216	699,497	94	679,487	706,958	692,812	94	687,955	651,533	648,667	85	625,744	498,561	553,710	20,659	607,357	669,752	688,504	695,241	742,716	759,855	761,252	735,148	737,776	740,349	772,193	44,682	821,399	732,942	729,848	806	721,213	684,734	665,262	40,006	0	0	0	0	0	0	0	1,000	0	0	0	1,101	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
Total Assets	6,178,335	6,140,149	5,580,953	5,416,797	5,271,472	5,088,486	5,041,908	5,115,758	5,002,076	5,116,806	5,295,102	5,329,056	4,912,306	4,959,201	4,680,930	4,471,768	4,384,178	4,332,737	4,313,945	4,282,991	4,311,698	4,258,385	4,191,315	4,152,432	4,105,210	4,021,591	3,891,538	3,859,865	3,710,340	3,687,365	3,585,589	3,516,572	3,381,024	3,357,608	3,359,459	3,197,077	3,089,521	3,055,304	2,993,264	3,015,619	2,928,636	2,867,517	2,782,303	2,827,658	2,764,034	2,653,319	2,622,751	2,460,820	2,336,353	2,358,811	2,282,944	2,295,116	2,214,307	2,249,531	2,142,931	2,156,055	2,062,389	2,138,205	1,996,724	2,030,429	1,916,919	1,945,819	1,895,448	1,912,652	1,857,876	1,902,985	1,898,092	1,962,748	1,907,552	1,952,129	1,923,819	1,980,831	2,022,392	2,094,971	2,109,003	2,196,276	2,156,329	2,208,020	2,178,778	2,223,361	2,173,732	2,186,350	2,194,323	2,203,498	2,105,034	2,033,655	1,979,421	1,884,226	1,794,296	1,749,650	1,715,196	1,337,581	1,289,327	1,261,740	1,203,890	1,144,863	1,136,460	1,072,700	1,030,200	993,200
Total Current Assets	149,694	1,266,832	1,285,254	139,974	1,140,405	1,281,650	1,166,723	1,345,529	79,112	1,386,376	4,055,565	4,205,092	3,897,882	4,037,654	3,785,900	3,564,629	3,490,914	3,434,379	3,391,335	3,318,070	3,300,428	3,218,290	3,101,415	3,021,647	2,943,879	2,811,103	2,697,687	2,652,210	2,509,038	2,483,041	2,370,507	2,312,938	2,244,521	2,183,504	2,160,732	2,146,816	2,067,556	2,078,369	2,043,553	2,001,359	1,983,440	1,951,605	1,867,317	1,868,859	1,834,895	1,797,560	1,756,751	1,666,927	1,615,084	1,585,431	1,481,586	1,507,034	1,449,145	1,459,022	1,392,498	1,401,133	1,370,163	1,394,826	1,377,353	1,342,563	1,236,800	1,201,248	1,097,926	1,095,537	1,031,630	1,031,325	1,014,276	1,084,938	1,060,085	1,100,585	1,058,630	1,072,387	1,115,104	1,161,523	1,266,055	1,349,775	1,311,970	1,370,364	1,375,612	1,436,501	1,446,777	1,508,782	1,526,445	1,466,337	1,393,200	1,970,858	1,916,490	1,822,336	1,730,663	1,687,503	1,652,909	30,537	29,226	35,442	28,758	31,881	49,672	1,052,500	1,009,700	27,100
Total Current Liabilities	3,241,663	221,392	220,641	116,000	205,000	69,000	109,000	24,672	30,000	4,974,963	4,659,221	5,300	5,300	5,300	105,300	109,500	275,500	211,400	308,500	287,300	469,500	308,200	472,800	327,600	446,200	310,800	347,500	303,300	331,500	230,200	338,300	179,200	293,100	241,400	350,600	142,300	295,300	167,200	211,500	158,700	298,000	141,500	153,500	100,000	139,000	38,282	200,824	117,347	150,698	103,075	132,395	42,060	77,110	39,968	46,886	36,608	59,543	73,265	33,128	31,884	23,465	47,209	51,977	27,835	25,643	33,374	22,521	24,860	32,310	40,549	36,828	34,236	35,106	36,487	64,547	34,985	35,554	38,861	32,969	46,436	50,025	70,392	68,985	63,230	87,189	1,755,100	1,727,700	1,656,100	1,574,700	1,546,200	1,520,800	1,184,800	1,142,200	1,122,800	1,069,400	1,013,300	1,008,700	947,300	903,500	9,800
Total Liab	5,723,539	5,731,433	5,715,425	5,544,169	5,408,959	5,230,434	5,142,397	5,183,652	5,015,637	5,129,180	4,807,976	4,862,772	4,443,943	4,502,840	4,232,885	4,032,375	3,945,231	3,900,120	3,891,591	3,882,033	3,915,405	3,866,231	3,804,378	3,772,130	3,724,033	3,655,589	3,543,897	3,534,177	3,390,286	3,361,094	3,263,413	3,202,619	3,087,180	3,062,174	3,075,024	2,910,388	2,809,989	2,777,546	2,723,437	2,752,754	2,673,797	2,619,672	2,537,415	2,572,728	2,510,137	2,401,477	2,375,805	2,220,858	2,099,159	2,117,956	2,049,211	2,072,293	2,002,163	2,033,342	1,931,232	1,952,452	1,864,095	1,942,270	1,804,269	1,838,753	1,726,619	1,793,049	1,706,450	1,715,288	1,662,554	1,714,661	1,715,326	1,778,218	1,725,164	1,770,131	1,751,143	1,809,837	1,850,635	1,921,326	1,939,597	2,017,901	1,972,042	2,019,991	2,002,015	2,036,868	1,990,629	2,003,613	2,008,063	2,021,927	1,926,740	1,860,321	1,814,986	1,731,482	1,645,109	1,601,743	1,574,350	1,200,309	1,157,709	1,135,275	1,081,989	1,025,808	1,018,921	957,600	916,800	894,500
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
Total Stockholder Equity	454,796	-161,389	-134,472	-127,372	-137,487	-141,948	-100,489	-67,894	-13,561	-12,374	-5,934	-10,843	2,128	-209	-496	-2,082	-14,513	-11,734	-13,160	400,958	396,293	392,154	386,937	380,302	381,177	366,002	347,641	325,688	320,054	326,271	322,176	313,953	293,844	295,434	284,435	286,689	279,532	277,758	269,827	262,865	254,839	247,845	244,888	254,930	253,897	251,842	246,946	239,962	237,194	240,855	233,733	222,823	212,144	216,189	211,699	203,603	198,294	195,935	192,455	191,676	190,300	152,770	188,998	197,364	195,322	188,324	182,766	184,530	182,388	181,998	172,676	170,994	171,757	173,645	169,406	178,375	184,287	188,029	176,763	186,493	183,103	182,737	186,260	181,571	178,294	173,334	164,435	152,744	149,187	147,907	140,846	137,272	131,618	126,465	121,901	119,055	117,539	115,100	113,400	98,700
Treasury Stock	0	0	0	-21,187	-22,337	-22,514	-22,514	-23,575	-9,216	-6,128	-6,131	-6,441	-1,222	-1,316	-1,316	-1,702	-1,975	-2,082	-2,106	-2,317	-2,486	-2,557	-2,572	-3,015	-2,533	-2,617	-2,651	-3,015	-2,924	-3,110	-3,096	-3,729	-3,923	-3,895	-3,983	-4,306	-5,208	-5,652	-5,576	-5,752	-6,169	-6,530	-6,558	-6,641	-6,923	-6,968	-6,480	-6,465	-6,692	-6,645	-6,645	-6,881	-7,660	-7,773	-7,571	-7,985	-9,846	-9,883	-9,820	-10,120	-10,223	-10,100	-8,312	-6,867	-6,561	-5,261	-3,758	-1,599	-113	0	-136	-220	-15	-15	0	-379	-383	-749	-759	-912	-935	-977	-1,020	-930	-977	-884	-887	-1,129	-835	-937	-925	-929	-929	-929	-929	-657	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

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
Begin Period Cash Flow	130,466	79,112	93,878	112,947	102,755	99,195	71,277	60,121	58,151	59,692	60,436	57,583	39,058	42,959	55,187	46,673	109,772	91,940	46,055	85,641	48,429	53,171	30,152	61,226	42,843	40,200
Capital Expenditures	56,647	8,369	9,403	4,264	3,639	2,842	7,740	7,619	7,493	5,330	3,411	5,840	3,678	2,438	1,959	6,333	3,407	1,871	4,843	5,947	10,439	5,251	4,359	3,193	896	3,700
Cash And Cash Equivalents Changes	0	51,354	-14,766	-19,069	10,192	3,560	27,918	11,156	1,970	-1,541	-744	2,853	18,525	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-14,957	-17,357	-11,778	-22,940	13,503	24,505	-2,027	545	1,606	6,640	4,249	-7,823	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-6,024	51,354	-14,766	-19,069	10,192	3,560	27,918	11,156	1,970	-1,541	-744	2,853	18,525	-3,901	-12,228	8,514	-63,099	17,832	45,885	-39,556	37,212	-4,742	23,019	-31,074	18,383	80,300
Change In Working Capital	-55,590	50,678	-11,938	-26,919	-6,290	16,441	-20,489	2,284	-169	-4,597	341	3,180	-12,699	608	-15,406	-7,188	1,800	10,863	7,636	4,632	-1,574	-1,911	-2,143	-2,094	-2,493	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
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
Change To Inventory	0	0	0	0	0	0	0	620	0	2,086	0	2,313	1,608	0	1,291	232	865	658	1,971	2,233	0	0	0	0	0	0
Change To Liabilities	0	80,580	-2,596	10,646	14,973	3,065	4,016	257	376	-2,991	6,981	7,429	-4,943	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-1,705	1,676	24,149	6,533	112	13,361	9,638	7,381	7,789	9,079	7,128	12,797	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	50,678	-11,938	-26,919	-6,290	16,441	-20,489	-524	-2,131	-6,350	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	5,935	8,112	8,049	7,893	8,213	6,477	6,177	5,958	5,429	4,583	4,181	3,828	3,466	3,537	4,067	3,959	3,991	5,634	5,262	6,222	7,548	5,697	5,984	3,032	3,585	3,100
Dividends Paid	-19,745	19,053	18,451	17,957	17,260	16,409	13,958	12,946	12,721	11,984	11,218	8,866	7,564	7,690	7,485	7,722	6,199	5,226	6,902	8,652	8,619	7,578	6,551	5,788	4,988	3,900
End Period Cash Flow	124,442	130,466	79,112	93,878	112,947	102,755	99,195	71,277	60,121	58,151	59,692	60,436	57,583	39,058	42,959	55,187	46,673	109,772	91,940	46,085	85,641	48,429	53,171	30,152	61,226	120,500
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
Free Cash Flow	-45,499	125,204	63,559	39,191	54,071	62,297	38,539	39,075	35,596	29,899	33,787	32,860	28,340	32,989	20,309	14,958	19,306	28,331	39,731	32,339	28,239	27,309	23,732	18,594	18,309	14,900
Investments	-442,851	-306,749	-606,053	-531,071	-42,463	-218,675	86,434	213,413	271,899	236,043	246,874	322,191	-83,802	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
Net Borrowings	0	175,000	24,700	-235,200	-194,000	23,300	114,700	38,400	-41,704	-2,238	157,236	29,108	46,821	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	50,264	56,573	77,697	38,332	48,862	39,526	33,526	31,931	28,337	29,355	25,530	23,449	22,799	21,287	14,441	-26,158	16,409	17,362	2,166	12,493	14,247	26,456	21,213	18,100	15,957	13,600
Other Cashflows From Financing Activities	355,202	277,334	573,423	486,713	-5,232	180,353	330,065	304,085	277,678	128,900	215,828	72,650	122,409	157,718	145,717	120,748	-55,281	-87,392	-115,190	-13,070	102,226	220,270	215,213	136,051	155,285	84,300
Other Cashflows From Investing Activities	0	-10,042	-24,986	-29,532	21,369	-3,892	52	-2,398	79	10,080	79	79	-17,374	532	1,630	0	1,294	1,386	4,538	5,703	0	0	0	0	0	0
Other Non Cash Items	10,213	20,041	-7,807	27,339	5,150	11,874	13,488	7,394	7,020	3,263	5,192	1,374	10,837	6,496	10,842	73,893	94	-3,521	31,191	21,935	21,494	3,609	3,549	4,211	2,919	2,600
Sale Purchase Of Stock	-571	-15,340	-9,278	-209	-293	-114	-157	964	-202	-196	-360	-559	-39,844	-69	0	-4,821	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	1,674	2,551	1,743	1,333	1,406	1,301	1,174	845	674	471	407	526	1,105	1,031	854	633	-296	-199	-9,383	-2,530	-1,066	-231	-400	-497	-71	0
Total Cash From Financing Activities	293,172	242,941	545,694	468,547	-22,785	163,830	354,253	291,139	264,755	116,720	204,250	63,225	91,361	129,879	137,724	85,018	-73,801	-132,822	-125,058	-28,861	60,037	211,306	208,483	128,415	150,131	80,300
Total Cash From Operating Activities	11,148	133,573	72,962	43,455	57,710	65,139	46,279	46,694	43,089	35,229	37,198	38,700	32,018	35,427	22,268	21,291	22,713	30,202	44,574	38,286	38,678	32,560	28,091	21,787	19,205	18,600
Total Cashflows From Investing Activities	0	-325,160	-633,422	-531,071	-24,733	-225,409	-372,614	-326,677	-305,874	-153,490	-242,192	-99,072	-104,854	0	0	0	0	120,452	126,369	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
Begin Period Cash Flow	192,111	180,248	139,974	130,466	118,581	109,705	170,404	79,112	288,426	206,387	344,790	93,878	282,070	119,610	152,168	112,947	136,815	108,988	79,786	102,755	117,331	89,094	122,914	99,195	97,838	84,537	149,699	71,277	110,721	67,624	110,944	60,121	51,334	52,554	135,972	58,151	87,582	64,832	72,401	59,692	99,384	50,927	84,791	60,436	77,045	61,813	77,025	57,583	67,601	46,084	94,535	39,058	73,448	43,419	71,874	42,959	60,106	81,315	122,689	55,187	76,704	63,049	102,999	46,673	58,421	50,029	133,079	109,772	133,133	86,660	92,712	91,940	112,405	62,676	111,590	46,085	88,317	51,638	111,404	85,641	119,881	141,824	108,521	48,429	73,300	45,060	69,720	53,171	57,770	43,552	61,762	30,152	35,554	28,758	31,881	61,226	34,900	28,600	-6,100	42,800
Capital Expenditures	54,908	507	384	848	2,728	1,642	2,783	1,216	1,046	2,073	5,994	290	1,464	425	1,179	1,196	1,272	683	1,109	575	843	897	719	383	774	592	1,084	5,290	3,377	820	962	2,460	2,536	2,066	1,867	1,024	882	2,077	1,300	1,071	541	612	546	1,712	1,286	2,419	1,474	661	622	1,646	1,205	205	664	524	779	471	520	241	843	355	2,275	3,311	629	118	1,520	574	1,069	244	993	406	114	358	894	917	1,076	1,956	2,749	1,383	710	1,105	1,943	1,406	2,035	5,055	2,054	603	1,058	1,536	695	1,323	1,303	1,038	1,277	777	779	360	596	0	0	0
Cash And Cash Equivalents Changes	0	0	0	9,508	11,885	8,876	-60,699	91,292	-209,314	82,039	-138,403	250,912	-188,192	162,460	-32,558	39,221	-23,868	27,827	29,202	-22,969	-14,576	28,237	-33,820	23,719	1,357	13,301	-65,162	78,422	-39,444	43,097	-43,320	50,823	8,787	-1,220	-83,418	77,821	-29,431	22,750	-7,569	12,709	-39,692	48,457	-33,864	24,355	-16,609	15,232	-15,212	19,442	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	12,533	8,805	-13,535	-13,629	3,402	-14,849	-5,398	-9,860	12,750	10,225	-2,198	12,124	-31,929	-14,451	-5,590	-4,423	1,524	6,866	-141	14,365	-7,587	23,631	-211	-928	2,013	1,521	-4,328	6,584	-5,804	3,375	-1,821	6,693	-7,702	7,026	-5,132	4,603	-4,891	13,518	-316	-4,370	-2,192	-575	6,661	-5,521	3,684	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-67,669	11,863	40,274	9,508	11,885	8,876	-60,699	91,292	-209,314	82,039	-138,403	250,912	-188,192	162,460	-32,558	39,221	-23,868	27,827	29,202	-22,969	-14,576	28,237	-33,820	23,719	1,357	13,301	-65,162	78,422	-39,444	43,097	-43,320	50,823	8,787	-1,220	-83,418	77,821	-29,431	22,750	-7,569	12,709	-39,692	48,457	-33,864	24,355	-16,609	15,232	-15,212	19,442	-10,018	21,517	-48,451	55,477	-34,390	30,029	-28,455	28,915	-17,147	-21,209	-41,374	67,502	-21,517	13,655	-39,950	56,326	-11,748	8,392	-83,050	23,307	-23,361	46,473	-6,052	772	-20,465	49,729	-48,914	65,505	-42,232	36,679	-59,766	25,763	-34,240	-21,943	33,303	60,092	-24,871	28,240	-24,660	16,549	-4,599	14,218	-18,210	31,610	-5,402	6,796	-3,123	-29,345	26,326	6,300	34,700	14,200
Change In Working Capital	-64,819	32,647	-10,924	-12,494	-3,785	15,402	16,352	22,709	-139	-129	-10,316	-1,354	-167	-6,953	-6,836	-12,963	-3,279	522	-2,020	-1,513	5,879	4,899	1,427	4,236	-18,349	1,480	1,330	-4,950	-3,207	3,837	-4,023	5,677	-4,818	2,820	-5,246	7,075	-9,956	5,320	-7,963	8,002	-6,752	1,042	4,716	1,335	-4,984	1,291	4,537	2,336	-12,836	-2,271	1,057	1,351	-1,179	171	1,675	-59	-11,873	-1,994	2,698	-4,237	-4,457	-2,046	1,359	-2,044	5,192	-5,171	-5,007	6,786	1,290	-135	12,153	-2,445	6,835	7,101	-7,004	704	4,778	3,245	-1,936	-1,455	-3,592	-2,071	-2,257	6,346	-926	-1,428	-1,457	1,900	-5,900	345	1,062	2,350	-831	-985	-1,900	1,622	607	-3,400	1,000	-700
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
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
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	82	931	1,291	0	0	0	0	620	788	1,377	899	0	0	415	168	2,086	1,730	2,482	1,733	0	0	0	0	2,313	1,980	1,386	690	1,608	1,394	2,544	1,696	0	0	0	380	1,291	526	0	0	232	202	236	0	865	1,474	0	76	658	788	483	0	1,971	1,297	0	1,115	2,233	2,188	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	-20,813	-6,125	33,251	31,828	21,626	6,690	5,334	-448	-14,172	-4,845	-1,281	-1,973	18,745	11,216	4,504	2,237	-2,984	-948	5,135	2,229	-3,351	5,282	1,269	402	-2,937	-1,686	-491	2,561	-127	-1,443	999	1,447	-627	-2,930	188	-3,360	3,111	6,766	726	346	-857	4,010	-5,256	10,029	-1,354	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,782	-197	-1,701	-976	3,290	822	18,412	-12,122	-1,221	-2,139	7,555	-1,577	-18,226	13,844	3,868	-1,985	1,984	2,666	-1,226	2,769	-4,380	2,949	3,946	2,802	3,832	2,781	3,357	1,961	1,952	2,368	2,598	754	1,288	2,741	1,910	2,015	1,758	2,106	2,407	2,770	1,193	2,709	837	2,154	2,575	1,562	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-10,924	-10,924	-3,785	15,402	16,352	22,709	-139	-129	-10,316	-1,354	-167	-6,953	-6,836	-12,963	-3,279	522	-2,020	-1,513	4,086	4,899	1,427	4,236	-22,270	1,480	1,330	-2,013	-524	4,328	-6,584	0	-2,131	0	0	0	-6,350	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,011	1,990	2,022	2,068	2,074	1,820	2,300	1,918	1,982	2,136	1,981	1,950	1,969	1,974	1,977	1,973	1,992	2,066	2,052	2,103	1,622	1,620	1,625	1,610	1,564	1,560	1,576	1,477	1,478	1,490	1,503	1,487	1,364	1,394	1,345	1,326	1,336	1,186	1,048	1,013	1,036	1,046	1,048	1,051	1,067	1,003	884	874	886	879	852	849	865	896	878	898	1,000	1,033	1,009	1,025	134	1,025	1,367	1,433	398	1,365	979	1,249	1,277	1,421	1,470	1,466	1,146	1,430	1,256	1,430	1,503	1,452	1,622	1,645	1,598	1,979	2,029	1,942	1,692	1,433	1,288	1,284	1,941	1,786	1,425	832	764	739	717	812	785	900	1,100	800
Dividends Paid	-4,984	4,974	4,976	4,811	4,809	4,811	4,809	4,624	4,641	4,638	4,637	4,535	4,534	4,528	4,530	4,365	4,363	4,360	4,350	4,187	4,187	4,182	4,181	3,859	3,636	3,511	3,408	3,403	3,256	3,256	3,249	3,185	3,183	3,182	3,180	3,176	3,032	2,987	2,984	2,981	2,977	2,841	2,838	2,562	2,287	2,287	2,147	2,145	2,008	2,009	1,454	2,093	1,924	1,923	1,922	1,921	1,922	1,922	1,920	1,721	1,999	2,007	1,911	1,805	1,702	1,600	1,505	1,392	1,393	1,277	1,278	1,278	1,278	1,278	2,173	2,173	2,165	2,165	2,162	2,160	2,159	2,158	2,152	2,150	2,037	1,927	1,807	1,807	1,693	1,693	1	3,164	1,583	1,473	1,475	1,257	1,288	1,100	1,100	1,500
End Period Cash Flow	124,442	192,111	180,248	139,974	130,466	118,581	109,705	170,404	79,112	288,426	206,387	344,790	93,878	282,070	119,610	152,168	112,947	136,815	108,988	79,786	102,755	117,331	89,094	122,914	99,195	97,838	84,537	149,699	71,277	110,721	67,624	110,944	60,121	51,334	52,554	135,972	58,151	87,582	64,832	72,401	59,692	99,384	50,927	84,791	60,436	77,045	61,813	77,025	57,583	67,601	46,084	94,535	39,058	73,448	43,419	71,874	42,959	60,106	81,315	122,689	55,187	76,704	63,049	102,999	46,673	58,421	50,029	133,079	109,772	133,133	86,660	92,712	91,940	112,405	62,676	111,590	46,085	88,317	51,638	111,404	85,641	119,881	141,824	108,521	48,429	73,300	45,060	69,720	53,171	57,770	43,552	61,762	30,152	35,554	28,758	31,881	61,226	34,900	28,600	57,000
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
Free Cash Flow	-103,297	43,241	7,869	5,714	13,417	34,002	34,807	42,978	32,449	6,445	4,650	20,015	21,693	9,701	4,671	3,126	15,276	11,346	12,666	14,783	13,487	19,644	12,442	16,724	10,092	12,252	14,188	2,007	5,893	13,805	4,877	14,500	5,400	10,788	2,495	16,913	-3,605	12,459	1,566	19,479	1,831	7,648	13,576	10,732	-956	7,763	14,452	11,601	352	5,391	10,329	12,268	9,123	6,886	8,811	8,169	-1,619	8,476	9,536	3,916	1,283	2,738	7,485	3,452	9,128	675	-1,888	11,391	5,691	4,353	15,794	2,493	10,794	11,221	11,697	6,019	6,274	16,975	4,204	4,886	10,829	6,777	-1,046	11,679	4,993	7,503	5,775	9,038	3,041	7,103	6,535	7,053	3,708	4,669	3,348	6,869	5,909	2,400	6,000	4,300
Investments	-26,947	-4,023	-114,555	-163,705	-149,431	-72,241	22,351	-72,048	-116,023	-215,811	-106,610	-190,221	-154,462	-113,632	-235,377	-25,274	-68,225	3,712	15,378	6,672	-66,455	-46,399	-108,588	2,767	40,525	45,576	18,314	22,544	21,273	15,227	57,316	119,597	-118,600	29,993	163,501	78,405	56,840	53,784	30,053	95,366	52,514	34,220	35,983	124,157	526,711	867	-113,799	-91,588	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	0	258,000	-39,000	136,000	-40,000	109,000	-30,000	30,000	30,000	30,000	-5,300	35,000	-100,000	-4,200	-166,000	64,100	-97,100	21,200	-182,200	161,300	-164,600	145,200	-118,600	135,400	-36,700	44,200	-28,200	101,300	-108,100	159,100	-113,900	51,700	-109,200	175,027	-159,231	118,837	-38,716	57,937	-140,296	148,896	-5,267	53,793	-40,186	141,524	-162,542	83,477	-33,351	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,780	14,022	14,373	12,089	12,088	13,854	15,648	14,983	19,612	17,175	20,200	20,710	13,800	12,273	11,132	1,127	13,107	12,833	11,401	11,521	7,491	10,577	12,170	9,288	11,058	8,279	6,246	7,943	8,693	8,469	7,151	7,618	6,635	8,316	6,585	6,801	7,920	7,184	7,032	7,219	6,367	6,164	6,850	6,149	6,332	4,265	6,656	6,196	5,762	5,498	5,719	5,820	5,098	5,663	5,198	5,328	5,437	3,409	2,628	2,967	-3,142	-28,426	1,631	3,779	4,098	5,253	3,443	3,615	3,004	5,245	5,374	3,739	2,871	8,971	-11,965	2,289	-831	5,117	5,560	2,647	2,246	4,055	3,650	4,296	6,271	6,884	6,644	6,657	5,863	5,360	5,185	4,805	4,692	4,665	4,449	4,294	4,157	4,200	3,900	3,700
Other Cashflows From Financing Activities	-103,061	-22,888	151,554	261,883	190,270	84,638	-73,416	175,842	-117,873	315,742	-56,793	432,347	-52,340	270,920	202,623	65,510	33,561	17,125	-15,648	-40,270	42,478	58,973	27,591	51,311	64,066	112,356	23,871	146,480	33,335	97,277	57,439	107,934	28,917	-11,852	165,600	95,013	31,047	50,058	-25,389	73,184	55,018	84,581	-31,438	107,536	71,642	-123,378	22,611	101,775	-43	82,112	-42,057	86,846	-6,711	124,389	-7,408	106,927	-67,945	136,949	-35,655	112,504	-10,707	88,098	-9,532	52,889	-49,339	8,193	-59,267	3	-6,271	18,465	-59,404	-40,182	-68,180	-10,138	-79,245	50,337	-45,624	18,548	-35,820	49,826	-5,221	1,847	14,394	91,206	21,672	44,451	69,699	84,448	47,892	24,628	102,207	40,486	21,382	52,018	62,945	11,630	62,285	41,400	35,800	15,700
Other Cashflows From Investing Activities	0	0	-1	-12	-7,549	7,288	-10,001	-5,830	-6,978	-19,696	2,459	-725	-30,006	-1	55	420	-44	31	21,156	226	102	201	-4,202	7	45	-1	1	7	45	3,045	8	-2,451	45	133	27	7	5,046	5,000	26	8	45	435	27	7	-196,214	132,298	63,671	324	0	0	131	103	532	476	378	49	1,630	1,543	1,009	760	0	0	903	250	1,294	1,010	688	441	1,386	1,365	0	0	4,538	4,552	0	0	5,703	5,703	5,703	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	5,756	27,015	3,052	3,931	8,119	4,792	3,543	3,587	-490	-1,984	-2,458	-2,875	9,043	3,572	595	14,129	5,249	-4,373	2,160	2,114	6,635	1,108	-231	4,362	3,374	2,424	5,781	1,909	3,253	1,037	1,186	1,918	3,121	58	1,791	2,050	-3,463	1,032	1,756	3,938	1,986	765	336	2,105	-4,897	2,475	1,426	2,370	2,532	1,728	3,231	3,346	3,490	-271	-282	1,493	1,575	-271	-275	459	32,373	40,236	1,551	-12	342	-82	-245	79	-314	-1,856	-1,443	92	2,776	1,900	21,700	4,815	9,507	8,869	-677	4,236	9,986	5,886	-123	5,745	698	676	1,204	1,031	75	1,589	1,051	834	1,038	1,027	1,194	856	819	1,000	400	700
Sale Purchase Of Stock	-8	0	-2	-561	-13	0	-301	-15,026	-3,268	-3	-38	-5,969	-13	0	0	-196	-73	-27	0	-193	-1	11	83	-113	-3	-6	16,560	-148	150	28	498	-161	-161	0	0	-41	1	0	-3	-194	131	-52	-26	-282	-3	-31	0	-525	-16	43,127	-2,184	-37,644	-69	0	0	0	68	0	0	-68	-4,821	0	0	-1,304	0	0	0	-1,625	0	0	0	-211	0	0	0	-64	0	0	0	-16	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	-255	721	657	551	499	662	947	443	427	538	562	216	343	289	369	332	378	393	453	182	204	338	457	302	289	280	366	239	248	165	303	129	154	150	267	103	88	78	202	103	95	107	103	102	153	55	176	142	242	287	345	231	224	600	2,052	221	854	6,189	2,918	247	633	-3,953	3,373	325	558	-439	-184	-231	781	-447	-128	-405	-719	-8,335	-128	-201	-318	-161	-1,577	-474	2,219	-1,463	-955	-867	-192	513	-395	-157	863	-378	-428	-457	-219	0	-65	-117	229	-100	-200	0
Total Cash From Financing Activities	6,947	-27,862	146,576	167,511	155,448	39,827	-78,526	126,192	-125,782	311,101	-61,468	421,843	-56,887	266,392	198,093	60,949	29,125	12,738	-19,998	-44,650	38,290	54,791	23,410	47,339	69,066	121,795	20,463	142,929	30,079	94,021	54,190	112,849	25,573	-15,034	162,420	91,796	28,016	47,071	-28,376	70,009	52,172	81,688	-34,302	104,692	69,352	-125,696	20,464	99,105	-6,516	53,401	-10,645	55,121	-28,209	95,548	-19,530	82,070	-69,868	135,026	-37,603	110,169	-35,622	86,078	-16,455	51,017	-54,320	-1,421	-61,786	43,726	-47,818	17,171	-60,699	-41,476	-70,474	-15,398	-84,314	45,128	-48,824	14,348	-40,017	45,632	-12,466	-4,921	-11,534	88,958	18,540	42,424	67,796	82,546	46,151	22,924	102,125	37,283	19,776	50,492	55,508	2,639	60,931	40,300	34,700	14,200
Total Cash From Operating Activities	-48,389	43,748	8,253	6,562	16,145	35,644	37,590	44,194	33,495	8,518	10,644	20,305	23,157	10,126	5,850	4,322	16,548	12,029	13,775	15,358	14,330	20,541	13,161	17,107	10,866	12,844	15,272	7,297	9,270	14,625	5,839	16,960	7,936	12,854	4,362	17,937	-2,723	14,536	2,866	20,550	2,372	8,260	14,122	12,444	330	10,182	15,926	12,262	974	7,037	11,534	12,473	9,787	7,410	9,590	8,640	-1,099	8,717	10,379	4,271	3,558	6,049	8,114	3,570	10,648	1,249	-819	11,635	6,684	4,759	15,908	2,851	11,688	12,138	12,773	7,975	9,023	18,358	4,914	5,991	12,772	8,183	989	16,734	7,047	8,106	6,833	10,574	3,736	8,426	7,838	8,091	4,985	5,446	4,127	7,229	6,505	2,400	6,000	4,300
Total Cashflows From Investing Activities	0	0	-114,555	-164,565	-159,708	-66,595	-19,763	-79,094	-117,027	-237,580	-87,579	-191,236	-154,462	-114,058	-236,501	-26,050	-69,541	3,060	35,425	6,323	-67,196	-47,095	-70,391	-40,727	-78,575	-121,338	-100,897	-71,804	-78,793	-65,549	-103,349	-78,986	-24,722	960	-250,200	-31,912	-54,724	-38,857	17,941	-77,850	-94,236	-41,491	-13,684	-92,781	-86,291	130,746	-51,602	-91,925	-104,854	-100,378	-61,457	0	0	0	0	0	0	0	0	0	0	0	0	1,739	0	0	0	0	120,452	102,679	78,136	39,397	126,369	88,048	35,059	12,402	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
Cost Of Revenue	283,000	0	0	0	0	0	30,856	22,179	17,518	15,070	16,416	16,179	21,035	24,407	29,919	40,168	47,255	41,762	64,927	50,446	58,475	48,704	54,652	47,816	0	0
Depreciation And Amortization	910	986	1,060	1,134	1,250	1,257	1,170	5,958	5,429	4,583	4,181	3,828	3,466	3,537	4,067	3,959	3,991	5,634	5,262	6,222	7,548	5,697	5,984	3,032	3,585	3,100
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
Ebit	63,053	106,831	97,222	45,723	59,421	84,620	65,973	56,682	49,013	46,261	45,244	43,819	47,469	48,359	42,798	-13,842	68,348	67,211	36,795	46,284	54,173	81,460	81,940	71,509	56,653	51,900
Ebitda	63,053	107,817	98,282	46,857	60,671	85,877	67,143	62,640	54,442	50,844	49,425	47,647	50,935	51,896	46,865	-9,883	72,339	72,845	42,057	52,506	61,721	87,157	87,924	74,541	60,238	55,000
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
Extraordinary Items	0	0	0	0	0	0	2,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	48,244	212,350	199,555	182,057	169,941	158,139	147,235	138,150	125,145	120,344	116,427	113,293	105,806	98,837	95,726	84,768	78,753	81,377	96,876	100,776	101,573	98,043	80,556	62,271	54,864	48,300
Income Before Tax	63,053	70,970	97,222	45,723	59,421	49,532	43,471	44,141	38,876	38,980	37,907	34,768	34,214	30,639	20,581	-47,459	21,209	23,607	2,852	15,514	18,224	38,875	32,246	27,904	24,770	21,000
Income Tax Expense	12,789	14,397	19,525	7,391	10,559	10,006	9,945	12,210	10,539	9,625	12,377	11,319	11,415	9,352	6,140	-21,301	4,800	6,245	-1,766	3,021	3,977	12,419	11,033	9,804	8,813	7,400
Interest Expense	120,418	28,735	12,475	22,314	38,888	29,868	17,495	12,541	10,137	7,281	7,337	9,051	13,255	17,720	22,217	33,617	47,139	43,604	36,395	30,770	35,949	42,585	49,694	43,605	31,883	30,900
Interest Income	267,391	196,107	167,205	161,299	168,800	152,732	130,110	115,231	105,450	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
Net Income	50,264	56,573	77,697	38,332	48,862	39,526	33,526	31,931	28,337	29,355	25,530	23,449	22,799	21,287	14,441	-26,158	16,409	17,362	2,166	12,493	14,247	26,456	21,213	18,100	15,957	13,600
Net Income Applicable To Common Shares	0	55,114	76,237	36,871	47,401	38,065	32,064	30,469	26,875	27,893	24,064	21,975	19,617	17,562	10,744	0	14,925	15,876	3,130	10,998	12,752	24,960	19,717	16,604	0	0
Net Income From Continuing Ops	52,572	56,573	77,697	38,332	48,862	39,526	33,526	31,931	28,337	29,355	25,530	23,449	22,799	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	168,978	167,372	154,730	138,985	129,912	122,864	112,615	102,690	95,313	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
Non Recurring	0	0	0	0	0	0	1,575	1,575	751	751	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	63,053	106,831	97,222	45,723	59,421	79,400	65,973	56,682	49,013	46,261	45,244	43,819	47,469	48,359	42,798	-13,842	68,348	1	36,795	46,284	54,173	81,460	81,940	71,509	56,653	51,900
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
Other Operating Expenses	1,926	2,013	-102,333	-136,334	110,520	78,739	2,171	1,695	1,120	805	896	929	1,259	1,121	949	1,453	10,405	81,376	60,081	54,492	47,400	16,583	1,384	9,238	1,789	3,600
Preferred Stock And Other Adjustments	0	1,459	1,460	1,461	1,461	1,461	1,462	1,462	1,462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	8,154	986	1,060	7,893	8,213	6,477	6,177	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
Selling And Marketing Expenses	1,926	2,013	1,704	2,609	3,577	3,582	2,171	1,695	1,120	805	896	929	1,259	1,121	949	1,453	1,402	0	0	0	0	0	0	0	0	0
Selling General Administrative	80,464	72,073	79,398	75,198	64,640	63,772	57,430	52,399	49,499	45,256	44,482	47,195	41,167	39,577	37,820	35,670	33,175	33,563	34,763	37,009	33,825	30,093	22,958	16,803	14,801	13,100
Tax Provision	10,003	14,397	19,525	7,391	10,559	10,006	9,945	12,210	10,539	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	1,926	2,013	-102,333	-136,334	-110,520	-78,739	2,171	1,695	1,120	805	896	929	1,259	1,121	949	1,453	-10,405	-81,376	-60,081	-54,492	-47,400	-16,583	1,384	9,238	1,789	3,600
Total Other Income Expense Net	63,053	-35,861	97,222	45,723	59,421	-29,868	-22,502	-12,541	-10,137	-7,281	-7,337	-9,051	-13,255	-17,720	-22,217	-33,617	-47,139	23,606	-33,943	-30,770	-35,949	-42,585	-49,694	-43,605	-31,883	-30,900
Total Revenue	48,244	212,350	199,555	182,057	169,941	158,139	147,235	138,150	125,145	120,344	116,427	113,293	105,806	98,837	95,726	84,768	78,753	81,377	96,876	100,776	101,573	98,043	80,556	62,271	54,864	48,300

	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
Cost Of Revenue	0	0	0	0	0	0	0	0	0	0	0	0	355	0	0	0	0	0	0	0	12,980	10,275	6,823	8,724	8,953	7,760	7,819	6,324	6,625	5,271	4,999	5,284	5,454	3,630	3,843	4,591	3,756	3,886	3,538	3,890	4,245	4,590	3,011	4,570	91	3,964	3,802	3,894	4,883	6,636	4,905	4,611	6,209	6,577	6,631	4,990	6,263	8,239	7,745	7,672	9,855	9,703	9,707	10,903	11,542	11,610	12,253	11,850	11,929	10,650	9,137	10,046	11,568	10,767	30,848	11,744	18,006	9,550	10,234	12,656	16,249	14,360	14,882	12,984	12,830	12,262	12,122	11,490	12,827	14,656	14,193	12,976	13,580	12,747	11,482	10,007	0	0	0	0
Depreciation And Amortization	221	225	230	234	239	244	249	254	259	264	266	271	273	280	287	294	302	309	316	323	330	334	305	288	294	288	291	297	1,478	1,490	1,503	1,487	1,364	1,394	1,345	1,326	1,336	1,186	1,048	1,013	1,036	1,046	1,048	1,051	1,067	1,003	884	874	886	879	852	849	865	896	878	898	1,000	1,033	1,009	1,025	134	1,025	1,367	1,433	398	1,365	979	1,249	1,277	1,421	1,470	1,466	1,146	1,430	1,256	1,430	1,503	1,452	1,622	1,645	1,598	1,979	2,029	1,942	1,692	1,433	1,288	1,284	1,941	1,786	1,425	832	764	739	717	812	785	900	1,100	800
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
Ebit	0	16,462	16,791	36,820	30,949	27,762	25,237	22,883	28,445	26,554	30,535	31,152	21,171	21,127	20,841	11,657	24,115	28,847	26,260	26,050	20,078	22,637	23,252	18,653	17,915	17,973	14,254	15,831	15,006	15,320	13,090	13,266	11,641	13,940	11,890	11,542	9,850	12,420	11,894	12,097	11,160	11,013	12,063	11,008	11,309	8,270	12,381	11,859	11,201	11,318	12,323	12,627	11,218	12,197	12,193	12,751	13,368	10,341	9,289	9,800	-18,504	-20,090	9,725	15,027	16,505	18,360	16,869	16,616	15,854	18,700	17,951	14,706	13,529	22,413	-10,269	11,086	4,836	14,484	15,498	11,466	9,869	13,883	14,666	15,755	19,100	21,160	20,810	20,390	19,926	21,361	21,169	19,484	19,477	18,878	17,270	15,884	14,853	14,700	13,800	13,400
Ebitda	221	16,687	17,021	37,054	31,188	28,006	25,486	23,137	28,704	26,818	30,801	31,423	21,444	21,407	21,128	11,951	24,417	29,156	26,576	26,373	20,408	22,971	23,557	18,941	18,209	18,261	14,545	16,128	16,484	16,810	14,593	14,753	13,005	15,334	13,235	12,868	11,186	13,606	12,942	13,110	12,196	12,059	13,111	12,059	12,376	9,273	13,265	12,733	12,087	12,197	13,175	13,476	12,083	13,093	13,071	13,649	14,368	11,374	10,298	10,825	-18,370	-19,065	11,092	16,460	16,903	19,725	17,848	17,865	17,131	20,121	19,421	16,172	14,675	23,843	-9,013	12,516	6,339	15,936	17,120	13,111	11,467	15,862	16,695	17,697	20,792	22,593	22,098	21,674	21,867	23,147	22,594	20,316	20,241	19,617	17,987	16,696	15,638	15,600	14,900	14,200
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	91,311	51,772	53,334	52,488	53,895	55,655	52,715	50,085	52,248	49,662	47,684	49,961	46,922	48,005	44,257	42,873	42,980	44,728	41,553	40,680	41,193	40,391	38,511	38,044	38,728	37,026	36,620	34,861	35,763	34,428	34,079	33,880	33,181	31,190	29,804	30,970	31,407	30,332	29,599	29,006	29,115	28,972	28,900	29,440	29,280	29,452	28,078	26,483	26,939	28,654	25,227	24,986	25,410	24,924	24,642	23,861	24,963	24,802	22,160	22,068	22,077	21,952	17,119	19,829	20,206	21,195	18,658	18,694	19,088	21,661	20,193	20,435	20,945	31,006	21,649	24,077	24,919	25,587	25,960	24,310	25,678	25,599	25,353	24,943	25,666	25,220	24,143	23,014	23,605	21,140	19,437	16,374	16,150	15,860	15,507	14,754	14,464	14,400	13,300	12,600
Income Before Tax	14,936	16,462	16,791	14,864	14,458	18,579	19,507	18,426	23,837	21,728	25,600	26,057	15,488	15,213	13,573	1,449	13,419	17,114	14,340	14,548	9,690	13,137	15,149	11,556	11,638	11,743	8,982	11,108	11,738	12,010	10,043	10,350	8,785	11,064	9,335	9,692	8,004	10,549	10,114	10,313	9,322	9,193	10,245	9,147	9,310	6,070	10,038	9,350	8,480	8,162	8,746	8,826	6,989	7,804	7,667	8,179	8,193	4,722	3,632	4,034	-25,773	-27,902	1,376	4,840	5,313	6,668	4,463	4,766	3,925	7,559	7,213	4,910	3,353	13,164	-16,832	3,034	-2,953	7,081	7,780	3,606	1,947	5,113	5,095	6,069	8,749	10,350	9,869	9,907	8,657	8,268	8,002	7,319	7,001	7,231	6,960	6,712	6,370	6,700	6,000	5,700
Income Tax Expense	5,156	2,440	2,418	2,775	2,370	4,725	3,859	3,443	4,225	4,553	5,400	5,347	1,688	2,940	2,441	322	312	4,281	2,939	3,027	2,199	2,560	2,979	2,268	580	3,464	2,736	3,165	3,045	3,541	2,892	2,732	2,150	2,748	2,750	2,891	84	3,365	3,082	3,094	2,955	3,029	3,395	2,998	2,978	1,805	3,382	3,154	2,718	2,664	3,027	3,006	1,891	2,141	2,469	2,851	2,756	1,313	1,004	1,067	-22,631	524	-255	1,061	1,215	1,414	1,020	1,151	921	2,314	1,839	1,171	512	4,204	-7,264	745	-2,122	1,964	2,220	959	-299	1,058	1,445	1,773	2,478	3,466	3,225	3,250	2,794	2,908	2,817	2,514	2,309	2,566	2,511	2,418	2,213	2,500	2,100	2,000
Interest Expense	1,865	33,023	28,778	21,956	14,656	7,607	3,679	2,793	2,885	2,954	3,220	3,416	3,987	4,220	5,578	8,529	9,006	9,976	10,184	9,722	9,096	8,214	6,783	5,775	5,007	4,958	3,987	3,543	3,268	3,310	3,047	2,916	2,856	2,876	2,555	1,850	1,846	1,871	1,780	1,784	1,838	1,820	1,818	1,861	1,999	2,200	2,343	2,509	2,721	3,156	3,577	3,801	4,229	4,393	4,526	4,572	5,175	5,619	5,657	5,766	7,269	7,812	8,349	10,187	11,192	11,692	12,406	11,850	11,929	11,141	10,738	9,796	10,146	9,238	8,960	8,052	7,789	7,403	7,718	7,860	7,922	8,770	9,571	9,686	10,351	10,810	10,941	10,483	11,269	13,093	13,167	12,165	12,476	11,647	10,310	9,172	8,483	8,000	7,800	7,700
Interest Income	76,547	74,700	71,115	63,771	57,805	50,675	45,276	42,351	43,753	41,227	40,952	41,273	40,168	39,719	39,759	41,653	42,179	42,459	42,648	41,514	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
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
Net Income	9,780	14,022	14,373	12,089	12,088	13,854	15,648	14,983	19,612	17,175	20,200	20,710	13,800	12,273	11,132	1,127	13,107	12,833	11,401	11,521	7,491	10,577	12,170	9,288	11,058	8,279	6,246	7,943	8,693	8,469	7,151	7,618	6,635	8,316	6,585	6,801	7,920	7,184	7,032	7,219	6,367	6,164	6,850	6,149	6,332	4,265	6,656	6,196	5,762	5,498	5,719	5,820	5,098	5,663	5,198	5,328	5,437	3,409	2,628	2,967	-3,142	-28,426	1,631	3,779	4,098	5,254	3,443	3,615	3,004	5,245	5,374	3,739	2,871	8,971	-11,965	2,289	-831	5,117	5,560	2,647	2,246	4,055	3,650	4,296	6,271	6,884	6,644	6,657	5,863	5,360	5,185	4,805	4,692	4,665	4,449	4,294	4,157	4,200	3,900	3,700
Net Income Applicable To Common Shares	0	0	0	11,724	11,724	13,489	15,283	14,618	19,247	16,811	19,834	20,345	13,435	11,908	10,766	762	12,742	12,468	11,035	11,156	7,126	10,212	11,804	8,923	10,693	7,913	5,880	7,578	8,328	8,103	6,785	7,253	6,270	7,950	6,219	6,436	7,555	6,818	6,667	6,853	6,001	5,799	6,483	5,781	5,963	3,897	6,288	5,827	5,393	5,130	5,349	3,745	4,165	4,731	4,267	4,399	4,510	2,482	1,703	2,049	0	-1,261	1,261	3,408	3,726	4,883	3,072	3,244	2,633	4,874	5,002	3,367	2,468	8,589	-2,013	2,013	6,175	4,823	5,242	2,396	1,873	3,681	3,276	3,922	5,897	6,509	6,271	6,283	5,489	4,986	4,811	4,431	4,318	4,291	4,075	3,920	0	0	0	0
Net Income From Continuing Ops	9,780	14,022	14,373	12,089	12,088	13,854	15,648	14,983	19,612	17,175	20,200	20,710	13,800	12,273	11,132	1,127	13,107	12,833	11,401	11,521	7,491	10,577	12,170	9,288	11,058	8,279	6,246	7,943	8,693	8,469	7,151	7,618	6,635	8,316	6,585	6,801	7,920	7,184	7,032	7,219	6,367	6,164	6,850	6,149	6,332	4,265	6,656	6,196	0	5,498	5,719	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	39,886	41,677	42,337	41,815	43,149	43,068	41,597	39,558	40,868	38,273	37,732	37,857	36,181	35,499	34,181	33,124	33,173	32,483	32,464	31,792	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
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	-1,575	7,875	-6,300	1,575	0	1,575	0	0	751	0	0	0	751	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	16,462	16,791	36,820	30,949	27,762	25,237	22,883	28,445	26,554	30,535	31,152	21,171	21,127	20,841	11,657	24,115	28,847	26,260	26,050	20,078	22,637	23,252	18,653	17,915	17,973	14,254	15,831	15,006	15,320	13,090	13,266	11,641	13,940	11,890	11,542	9,850	12,420	11,894	12,097	11,160	11,013	12,063	11,008	11,309	8,270	12,381	11,859	-109,265	11,318	12,323	12,627	11,218	12,197	12,193	12,751	13,368	10,341	9,289	9,800	-18,504	-20,090	9,725	15,027	16,505	18,360	16,869	16,616	1	5,245	5,374	3,739	0	8,960	-9,568	11,086	4,836	14,484	15,498	11,466	9,869	13,883	14,666	15,755	19,100	21,160	20,810	20,390	19,926	21,361	21,169	19,484	19,477	18,878	17,270	15,884	14,853	14,700	13,800	13,400
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
Other Operating Expenses	76,859	-35,310	-36,543	314	1,227	651	406	380	1,704	474	436	324	2,964	955	545	555	3,577	745	1,086	520	3,582	949	721	977	2,171	188	473	278	1,695	214	347	377	1,120	312	238	239	805	216	214	179	896	209	253	214	1,020	261	137	101	30,398	477	253	165	1,121	338	352	187	949	227	249	174	1,453	472	763	4,802	3,701	476	1,789	495	25,332	660	807	623	27,520	1,344	1,180	1,039	27,440	976	608	539	15,809	11,716	10,687	9,188	6,566	4,060	3,333	2,624	3,679	221	1,732	3,110	3,327	3,018	1,763	1,130	389	300	500	800
Preferred Stock And Other Adjustments	0	0	0	365	364	365	365	365	365	364	366	365	365	365	366	365	365	365	366	365	365	365	366	365	365	366	366	365	730	366	366	0	1,462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	2,011	225	230	234	239	244	249	254	259	264	266	271	1,969	1,974	1,977	1,973	1,992	2,066	2,052	2,103	1,622	1,620	1,625	1,610	1,564	1,560	1,576	1,477	1,478	1,490	1,503	1,487	1,364	1,394	1,345	1,326	1,336	1,186	1,048	1,013	1,036	1,046	1,048	1,051	1,067	1,003	884	874	886	879	852	849	865	896	878	898	1,000	1,033	1,009	1,025	134	1,025	1,367	1,433	398	1,365	979	1,249	1,277	1,421	1,470	1,466	1,146	1,430	1,256	1,430	1,503	1,452	1,622	1,645	1,598	1,979	2,029	1,942	1,692	1,433	1,288	1,284	1,941	1,786	1,425	832	764	739	717	812	785	900	1,100	800
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	370	744	498	314	576	651	406	380	470	474	436	324	554	955	545	555	1,226	745	1,086	520	935	949	721	977	720	188	473	278	436	214	347	377	331	312	238	239	196	216	214	179	220	209	253	214	430	261	137	101	364	477	253	165	244	338	352	187	299	227	249	174	548	472	283	0	1,402	0	0	0	0	0	0	0	0	0	0	0	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	21,031	19,392	24,216	19,248	18,756	23,448	22,629	21,649	21,153	20,521	18,889	18,835	18,365	19,392	18,829	18,612	16,469	16,318	15,583	16,270	16,587	16,244	15,257	15,684	15,174	14,488	14,234	13,534	13,262	13,053	12,636	13,448	13,213	12,041	12,339	11,906	12,233	11,347	10,763	10,913	10,971	11,047	11,010	11,454	11,281	14,669	10,585	10,286	10,405	10,605	10,094	10,063	10,234	9,125	9,090	9,263	12,879	9,304	11,068	9,813	12,044	7,021	8,169	8,436	8,240	8,574	8,008	8,354	8,269	8,510	8,064	8,758	7,882	8,808	9,278	9,434	9,569	9,220	9,068	9,152	8,417	8,491	8,036	8,881	8,264	7,401	7,507	6,921	6,836	5,856	5,509	4,757	4,364	4,300	4,103	4,036	3,801	3,800	3,700	3,500
Tax Provision	5,156	2,440	2,418	2,775	2,370	4,725	3,859	3,443	4,225	4,553	5,400	5,347	1,688	2,940	2,441	322	312	4,281	2,939	3,027	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	13,278	-35,310	-36,543	314	1,227	651	406	380	1,704	474	436	324	2,609	955	545	555	3,577	745	1,086	520	3,582	949	721	977	2,171	188	473	278	1,695	214	347	377	1,120	312	238	239	805	216	214	179	896	209	253	214	929	261	137	101	30,398	477	253	165	1,121	338	352	187	949	227	249	174	1,453	472	763	-4,802	-3,701	476	-1,789	495	25,332	660	807	623	-27,520	1,344	1,180	1,039	-27,440	976	608	539	-15,809	-11,716	-10,687	-9,188	-6,566	-4,060	-3,333	-2,624	-3,679	221	1,732	3,110	3,327	3,018	1,763	1,130	389	300	500	800
Total Other Income Expense Net	14,936	16,462	16,791	-21,956	-16,491	-9,183	-5,730	-4,457	-4,608	-4,826	-4,935	-5,095	-5,683	-5,914	-7,268	-10,208	-10,696	-11,733	-11,920	-11,502	-10,388	-9,500	-8,103	-7,097	-6,277	-6,230	-5,272	-4,723	-3,268	-3,310	-3,047	-2,916	-2,856	-2,876	-2,555	-1,850	-1,846	-1,871	-1,780	-1,784	-1,838	-1,820	-1,818	-1,861	-1,999	-2,200	-2,343	-2,509	117,745	-3,156	-3,577	-3,801	-4,229	-4,393	-4,526	-4,572	-5,175	-5,619	-5,657	-5,766	-7,269	-7,812	-8,349	-10,187	-11,192	-11,692	-12,406	-11,850	-19,682	2,314	1,839	1,171	634	4,205	-7,264	-8,052	-7,789	-7,403	-7,718	-7,860	-7,922	-8,770	-9,571	-9,686	-10,351	-10,810	-10,941	-10,483	-11,269	-13,093	-13,167	-12,165	-12,476	-11,647	-10,310	-9,172	-8,483	-8,000	-7,800	-7,700
Total Revenue	91,311	51,772	53,334	52,488	53,895	55,655	52,715	50,085	52,248	49,662	47,684	49,961	47,277	48,005	44,257	42,873	42,980	44,728	41,553	40,680	41,193	40,391	38,511	38,044	38,728	37,026	36,620	34,861	35,763	34,428	34,079	33,880	33,181	31,190	29,804	30,970	31,407	30,332	29,599	29,006	29,115	28,972	28,900	29,440	29,371	29,452	28,078	26,483	26,939	28,654	25,227	24,986	25,410	24,924	24,642	23,861	24,963	24,802	22,160	22,068	22,077	21,952	17,119	19,829	20,206	21,195	18,658	18,694	19,088	21,661	20,193	20,435	20,945	31,006	21,649	24,077	24,919	25,587	25,960	24,310	25,678	25,599	25,353	24,943	25,666	25,220	24,143	23,014	23,605	21,140	19,437	16,374	16,150	15,860	15,507	14,754	14,464	14,400	13,300	12,600

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

Gross Profit (+$)
totalRevenue	48,244
Cost of Revenue	-283,000
Gross Profit	48,244	-234,756

Operating Income (+$)
Gross Profit	48,244
Operating Expense	-1,926
Operating Income	63,053	46,318

Operating Expense (+$)
Research Development	0
Selling General Administrative	80,464
Selling And Marketing Expenses	1,926
Operating Expense	1,926	82,390

Net Interest Income (+$)
Interest Income	267,391
Interest Expense	-120,418
Other Finance Cost	-22,005
Net Interest Income	168,978

Pretax Income (+$)
Operating Income	63,053
Net Interest Income	168,978
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	63,053	0 EBIT - interestExpense = -57,365 63,053 170,682
Interest Expense	120,418
Earnings Before Interest and Taxes (EBIT)	63,053	183,471
Earnings Before Interest and Taxes (EBITDA)	63,053

After tax Income (+$)
Income Before Tax	63,053
Tax Provision	-10,003
Net Income From Continuing Ops	52,572	53,050
Net Income	50,264
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	1,926
Total Other Income/Expenses Net	63,053	-168,978

Technical Analysis of Financial Institutions 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 Financial Institutions Inc. The general trend of Financial Institutions Inc is BEARISH with 42.9% 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 Financial Institutions 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 (-42.9%)		Bearish trend (42.9%)
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 Financial Institutions 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: 17.96 < 19.22 < 19.45.

The bearish price targets are: 16.29 > 15.60 > 14.75.

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Financial Institutions 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 Financial Institutions Inc. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Financial Institutions 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 Financial Institutions Inc. The current macd is -0.25788165.

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 Financial Institutions 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 Financial Institutions 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 Financial Institutions 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

Financial Institutions 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 Financial Institutions Inc. The current adx is 12.40.

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

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Financial Institutions Inc shares, leading to potential upward 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.

Financial Institutions 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 Financial Institutions Inc. The current sar is 16.58.

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

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Financial Institutions 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 Financial Institutions Inc. The current rsi is 47.25. The current phase is Continuation in bear 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).

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
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.

Financial Institutions 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 Financial Institutions Inc. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
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 below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Financial Institutions Inc price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

Financial Institutions 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 Financial Institutions Inc. The current cci is -13.07589172.

Financial Institutions 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 Financial Institutions Inc. The current cmo is 0.31917496.

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

Financial Institutions 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 Financial Institutions Inc. The current willr is -38.41961853.

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

Financial Institutions 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 Financial Institutions Inc.

Financial Institutions 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 Financial Institutions Inc. The current atr is 0.55753344.

Financial Institutions 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 Financial Institutions Inc. The current obv is -681,713.

Financial Institutions 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 Financial Institutions Inc. The current mfi is 38.48.

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

Financial Institutions Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Financial Institutions Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	47.251
Ma 20	Greater than	Ma 50	17.450
Ma 50	Greater than	Ma 100	18.025
Ma 100	Greater than	Ma 200	19.145
Open	Greater than	Close	17.190
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Quick analysis of Financial Institutions Inc (30 sec.)

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

$17.42

$29.32

$-351.86 - $-88.01

$-322.54 - $-58.69

2. Growth of Financial Institutions Inc (5 min.)

Is Financial Institutions Inc growing?

How much money is Financial Institutions Inc making?

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

3. Financial Health of Financial Institutions 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 Financial Institutions Inc? (5 min.)

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Financial Institutions Inc

About Financial Institutions Inc

Financial Health

Valuation

1.1. Profitability of Financial Institutions 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 Financial Institutions Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Financial Institutions 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 Financial Institutions 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 Financial Institutions Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Financial Institutions Inc
Buy, Hold or Sell?