Comfort Systems USA Inc
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Penke I guess you are interested in Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc (30 sec.)

What can you expect buying and holding a share of Comfort Systems USA Inc? (30 sec.)

How much money do you get?

$0.85

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$35.64

Expected worth in 1 year

$43.47

How sure are you?

97.5%

+ What do you gain per year?

Total Gains per Share

$8.67

Return On Investment

2.8%

For what price can you sell your share?

Current Price per Share

$311.40

Expected price per share

$188.81 - $335.25

How sure are you?

50%

1. Valuation of Comfort Systems USA Inc (5 min.)

Live pricePrice per Share (EOD)

$311.40

Book Value per Share

$35.64

Intrinsic Value Per Share

$88.89 - $207.09

Total Value Per Share

$124.54 - $242.73

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($1.16) 3Y: ($2.21) TTM: ($3.79)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.10) 3Y: ($0.19) TTM: ($0.21)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$5.40	$10.58	$6.19 - $11.95
2	$11.90	$23.82	$7.73 - $15.06
3	$19.36	$39.54	$9.28 - $18.17
4	$27.64	$57.61	$10.82 - $21.28
5	$36.64	$77.85	$12.37 - $24.38
6	$46.25	$100.14	$13.91 - $27.49
7	$56.36	$124.34	$15.46 - $30.60
8	$66.89	$150.31	$17.00 - $33.71
9	$77.76	$177.93	$18.55 - $36.82
10	$88.89	$207.09	$20.10 - $39.92

2. Growth of Comfort Systems USA Inc (5 min.)

Is Comfort Systems USA Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.2b	$931.5m	$230.9m	19.9%

How much money is Comfort Systems USA Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$80.8m	$61.4m	$19.3m	23.9%
Net Profit Margin	6.2%	6.1%	-	-

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

Quarterly Yearly

3. Financial Health of Comfort Systems USA Inc (5 min.)

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

Industry Rankings (Engineering & Construction)

Richest
#72 / 654

Most Revenue
#92 / 654

Most Profit
#69 / 654

Most Efficient
#138 / 654

What can you expect buying and holding a share of Comfort Systems USA Inc? (5 min.)

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

What can you expect buying and holding a share of Comfort Systems USA Inc?

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

Speculation

The Price per Share of Comfort Systems USA Inc is $311.40. 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 Comfort Systems USA 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 Comfort Systems USA 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 $35.64. Based on the TTM, the Book Value Change Per Share is $1.96 per quarter. Based on the YOY, the Book Value Change Per Share is $1.43 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 $0.21 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Comfort Systems USA 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	2.55	0.8%	2.25	0.7%	1.71	0.5%	1.35	0.4%	0.88	0.3%
Usd Book Value Change Per Share	2.03	0.7%	1.96	0.6%	1.43	0.5%	1.12	0.4%	0.68	0.2%
Usd Dividend Per Share	0.25	0.1%	0.21	0.1%	0.14	0.0%	0.13	0.0%	0.10	0.0%
Usd Total Gains Per Share	2.28	0.7%	2.17	0.7%	1.56	0.5%	1.25	0.4%	0.78	0.3%
Usd Price Per Share	205.67	-	171.56	-	96.14	-	88.68	-	60.05	-
Price to Earnings Ratio	20.13	-	19.70	-	14.98	-	17.12	-	28.77	-
Price-to-Total Gains Ratio	90.17	-	81.45	-	71.32	-	77.81	-	98.85	-
Price to Book Ratio	5.77	-	5.28	-	3.71	-	3.75	-	3.40	-
Price-to-Total Gains Ratio	90.17	-	81.45	-	71.32	-	77.81	-	98.85	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	311.4
Number of shares	3

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.21	0.13
Usd Book Value Change Per Share	1.96	1.12
Usd Total Gains Per Share	2.17	1.25
Gains per Quarter (3 shares)	6.50	3.76
Gains per Year (3 shares)	26.02	15.03

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	3	23	16	2	13	5
2	5	47	42	3	27	20
3	8	70	68	5	40	35
4	10	94	94	6	54	50
5	13	117	120	8	67	65
6	15	141	146	10	80	80
7	18	164	172	11	94	95
8	20	188	198	13	107	110
9	23	211	224	15	121	125
10	25	235	250	16	134	140

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%	96.0	10.0	0.0	90.6%
Book Value Change 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%	37.0	3.0	0.0	92.5%	82.0	24.0	0.0	77.4%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	76.0	0.0	30.0	71.7%
Total Gains 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%	39.0	1.0	0.0	97.5%	87.0	19.0	0.0	82.1%

Fundamentals of Comfort Systems USA Inc

About Comfort Systems USA Inc

https://comfortsystemsusa.com
Engineering & Construction
15800
675 Bering Drive, Houston, TX, United States, 77057
Google Maps Bing Maps

Comfort Systems USA, Inc., together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection. It also engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) and related systems in new buildings; and renovation, expansion, maintenance, monitoring, repair, and replacement of MEP systems in existing buildings. In addition, the company provides remote monitoring of power usage, temperature, pressure, humidity and air flow for MEP and other building systems. It serves building owners and developers, general contractors, architects, consulting engineers, and property managers in the commercial, industrial, and institutional MEP markets. Comfort Systems USA, Inc. was founded in 1917 and is headquartered in Houston, Texas.

Fundamental data was last updated by Penke on 2024-04-13 14:08:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Comfort Systems USA Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Comfort Systems USA Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Comfort Systems USA Inc to the Engineering & Construction industry mean.
A Net Profit Margin of 6.7% means that $0.07 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Comfort Systems USA Inc:

The MRQ is 6.7%. The company is making a profit. +1
The TTM is 6.2%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	6.7%	TTM	6.2%	+0.6%
TTM	6.2%	YOY	6.1%	+0.0%
TTM	6.2%	5Y	5.3%	+0.9%
5Y	5.3%	10Y	4.3%	+1.0%

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	6.7%	2.5%	+4.2%
TTM	6.2%	2.4%	+3.8%
YOY	6.1%	2.5%	+3.6%
5Y	5.3%	2.4%	+2.9%
10Y	4.3%	2.8%	+1.5%

Measures how much net profit Comfort Systems USA Inc earns for each $1 of revenue.

Revenue is the amount of profit Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc to the Engineering & Construction industry mean.
Can be used to compare companies within the Engineering & Construction industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Comfort Systems USA Inc. If profit margins remain low (compared to the Engineering & Construction industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Comfort Systems USA Inc is 0.07. This means that Comfort Systems USA Inc earned $0.07 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Engineering & Construction industry is 2.5%.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc with other companies in the same industry (Engineering & Construction).
Net profit margin should rise over the years.
Can be influenced when Comfort Systems USA Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc = 91,581
Total revenue MRQ Comfort Systems USA Inc = 1,357,566
$91,581 / $1,357,566 = 0.07 or 6.7%

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 Comfort Systems USA Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Comfort Systems USA Inc to the Engineering & Construction industry mean.
2.8% Return on Assets means that Comfort Systems USA Inc generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Comfort Systems USA Inc:

The MRQ is 2.8%. Using its assets, the company is less efficient in making profit.
The TTM is 2.6%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	2.8%	TTM	2.6%	+0.1%
TTM	2.6%	YOY	2.5%	+0.1%
TTM	2.6%	5Y	2.3%	+0.4%
5Y	2.3%	10Y	2.1%	+0.2%

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	2.8%	1.0%	+1.8%
TTM	2.6%	1.0%	+1.6%
YOY	2.5%	1.0%	+1.5%
5Y	2.3%	1.0%	+1.3%
10Y	2.1%	1.3%	+0.8%

Shows how efficient Comfort Systems USA 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 Comfort Systems USA Inc to the Engineering & Construction industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Comfort Systems USA Inc is using its resources to generate profit. If the return on assets (2.8%) from Comfort Systems USA Inc are higher than the Engineering & Construction mean (1.0%) that means Comfort Systems USA 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 Comfort Systems USA Inc is 2.8%. This means the company generated $0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Engineering & Construction industry is 1.0%.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Comfort Systems USA Inc = 91,581
Total assets MRQ (balance sheet) from Comfort Systems USA Inc = 3,305,579
91,581 / 3,305,579 = 0.03 or 2.8%

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

Above 15%-20% is considered healthy but always compare Comfort Systems USA Inc to the Engineering & Construction industry mean.
7.2% Return on Equity means Comfort Systems USA Inc generated $0.07 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Comfort Systems USA Inc:

The MRQ is 7.2%. Using its investors money, the company is less efficient in making profit.
The TTM is 6.9%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	7.2%	TTM	6.9%	+0.3%
TTM	6.9%	YOY	6.6%	+0.2%
TTM	6.9%	5Y	5.8%	+1.1%
5Y	5.8%	10Y	4.9%	+1.0%

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	7.2%	3.4%	+3.8%
TTM	6.9%	2.9%	+4.0%
YOY	6.6%	2.9%	+3.7%
5Y	5.8%	2.6%	+3.2%
10Y	4.9%	3.4%	+1.5%

Shows how efficient Comfort Systems USA 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 Comfort Systems USA Inc to the Engineering & Construction industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Engineering & Construction industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Comfort Systems USA Inc is 7.2%. This means Comfort Systems USA Inc generated $0.07 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Engineering & Construction industry is 3.4%.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA Inc up to 10 years back (depending if Comfort Systems USA 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 Comfort Systems USA Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Comfort Systems USA Inc = 91,581
Shareholders equity (balance sheet) MRQ Comfort Systems USA Inc = 1,277,829
91,581 / 1,277,829 = 0.07 or 7.2%

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 Comfort Systems USA Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Comfort Systems USA Inc is operating .

Measures how much profit Comfort Systems USA 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 Comfort Systems USA Inc to the Engineering & Construction industry mean.
An Operating Margin of 8.8% means the company generated $0.09 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Comfort Systems USA Inc:

The MRQ is 8.8%. The company is operating less efficient.
The TTM is 7.9%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	8.8%	TTM	7.9%	+0.9%
TTM	7.9%	YOY	5.5%	+2.4%
TTM	7.9%	5Y	6.0%	+1.9%
5Y	6.0%	10Y	5.4%	+0.6%

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	8.8%	4.4%	+4.4%
TTM	7.9%	3.1%	+4.8%
YOY	5.5%	3.8%	+1.7%
5Y	6.0%	4.0%	+2.0%
10Y	5.4%	4.0%	+1.4%

Measures how efficient Comfort Systems USA 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 Comfort Systems USA Inc to the Engineering & Construction industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Comfort Systems USA 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 Comfort Systems USA Inc is 8.8%. This means that Comfort Systems USA Inc earned $0.09 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Engineering & Construction industry is 4.4%.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Comfort Systems USA Inc = 119,659
Total revenue MRQ Comfort Systems USA Inc = 1,357,566
$119,659 / $1,357,566 = 0.09 or 8.8%

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 Comfort Systems USA Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Engineering & Construction industry mean).
An Operation Ratio of 0.91 means that the operating costs are $0.91 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Comfort Systems USA Inc:

The MRQ is 0.912. The company is less efficient in keeping operating costs low.
The TTM is 0.921. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.912	TTM	0.921	-0.009
TTM	0.921	YOY	0.940	-0.019
TTM	0.921	5Y	0.935	-0.014
5Y	0.935	10Y	0.941	-0.006

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	0.912	1.747	-0.835
TTM	0.921	1.725	-0.804
YOY	0.940	1.671	-0.731
5Y	0.935	1.533	-0.598
10Y	0.941	1.319	-0.378

Measures how efficient Comfort Systems USA 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 Comfort Systems USA Inc to the Engineering & Construction industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Comfort Systems USA Inc is 91.2%. This means that Comfort Systems USA Inc earned $0.91 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Engineering & Construction industry is 1.75.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA 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
(1,087,789 +150,118) \ 1,357,566 = 0.91

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 Comfort Systems USA Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Comfort Systems USA Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Engineering & Construction industry mean).
A Current Ratio of 1.11 means the company has $1.11 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Comfort Systems USA Inc:

The MRQ is 1.110. The company is just able to pay all its short-term debts.
The TTM is 1.068. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.110	TTM	1.068	+0.042
TTM	1.068	YOY	1.257	-0.188
TTM	1.068	5Y	1.218	-0.150
5Y	1.218	10Y	1.299	-0.081

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	1.110	1.299	-0.189
TTM	1.068	1.296	-0.228
YOY	1.257	1.320	-0.063
5Y	1.218	1.358	-0.140
10Y	1.299	1.323	-0.024

Measures if Comfort Systems USA Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Engineering & Construction industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Comfort Systems USA 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 Comfort Systems USA Inc is 1.11. This means Comfort Systems USA Inc has $1.11 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Engineering & Construction industry is 1.30.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,911,100 \ 1,721,205) = 1.11

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

Above 1 is considered healthy but always compare Comfort Systems USA Inc to the Engineering & Construction industry mean.
A Quick Ratio of 1.04 means the company can pay off $1.04 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Comfort Systems USA Inc:

The MRQ is 1.041. The company is just able to pay all its short-term debts with the most liquid assets.
The TTM is 1.005. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.041	TTM	1.005	+0.035
TTM	1.005	YOY	1.183	-0.177
TTM	1.005	5Y	1.156	-0.151
5Y	1.156	10Y	1.223	-0.067

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	1.041	0.604	+0.437
TTM	1.005	0.680	+0.325
YOY	1.183	0.844	+0.339
5Y	1.156	0.882	+0.274
10Y	1.223	0.907	+0.316

Measures if Comfort Systems USA 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 Comfort Systems USA Inc to the Engineering & Construction industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Comfort Systems USA Inc can pay off its short term debts. This shows if Comfort Systems USA 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 Comfort Systems USA Inc is 1.04. This means that Comfort Systems USA Inc can pay off $1.04 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Engineering & Construction industry is 0.60.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc: (205,150 + 0 +1,586,103) / 1,721,205 = 1.04

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 Comfort Systems USA Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Comfort Systems USA Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Comfort Systems USA Inc to Engineering & Construction industry mean.
A Debt to Asset Ratio of 0.61 means that Comfort Systems USA Inc assets are financed with 61.3% credit (debt) and the remaining percentage (100% - 61.3%) is financed by its owners/shareholders.

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

The MRQ is 0.613. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.619. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.613	TTM	0.619	-0.006
TTM	0.619	YOY	0.623	-0.004
TTM	0.619	5Y	0.611	+0.009
5Y	0.611	10Y	0.560	+0.051

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	0.613	0.626	-0.013
TTM	0.619	0.633	-0.014
YOY	0.623	0.618	+0.005
5Y	0.611	0.611	0.000
10Y	0.560	0.602	-0.042

Measures how much % of Comfort Systems USA Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Comfort Systems USA Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Comfort Systems USA Inc to Engineering & Construction industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Comfort Systems USA Inc is 0.61. This means means that Comfort Systems USA Inc is financed with 61.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Engineering & Construction industry is 129.9%.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Comfort Systems USA Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,027,750 \ 3,305,579 = 61.3% or 0.61.

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 Comfort Systems USA Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Comfort Systems USA Inc to the Engineering & Construction industry mean.
A Debt to Equity ratio of 158.7% means that company has $1.59 debt for each $1 in shareholders equity.

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

The MRQ is 1.587. The company is just able to pay all its debts with equity.
The TTM is 1.627. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	1.587	TTM	1.627	-0.040
TTM	1.627	YOY	1.657	-0.030
TTM	1.627	5Y	1.578	+0.049
5Y	1.578	10Y	1.321	+0.256

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
MRQ	1.587	1.632	-0.045
TTM	1.627	1.634	-0.007
YOY	1.657	1.612	+0.045
5Y	1.578	1.616	-0.038
10Y	1.321	1.726	-0.405

Measures if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc is 1.59. This means that Comfort Systems USA Inc can pay off $1.59 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Engineering & Construction industry is 1.63.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,027,750 \ 1,277,829 = 1.59 or 158.7%

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 Comfort Systems USA 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 Comfort Systems USA Inc generates.

Above 15 is considered overpriced but always compare Comfort Systems USA Inc to the Engineering & Construction industry mean.
A PE ratio of 20.13 means the investor is paying $20.13 for every $1 in earnings.

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

The EOD is 30.477. Based on the earnings, the company is overpriced. -1
The MRQ is 20.129. Based on the earnings, the company is fair priced.
The TTM is 19.700. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	30.477	MRQ	20.129	+10.348
MRQ	20.129	TTM	19.700	+0.429
TTM	19.700	YOY	14.980	+4.720
TTM	19.700	5Y	17.121	+2.579
5Y	17.121	10Y	28.771	-11.650

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
EOD	30.477	8.214	+22.263
MRQ	20.129	7.997	+12.132
TTM	19.700	8.786	+10.914
YOY	14.980	9.303	+5.677
5Y	17.121	12.406	+4.715
10Y	28.771	15.363	+13.408

Measures how much money you pay for each share for every $1 in earnings Comfort Systems USA 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 Comfort Systems USA Inc to the Engineering & Construction industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Comfort Systems USA Inc is 20.13. This means the investor is paying $20.13 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Engineering & Construction industry is 8.00.
What is the trend?
The trend is important because it shows you how Comfort Systems USA Inc is performing over time. The most recent quarter might be important if Comfort Systems USA 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 Comfort Systems USA 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 Comfort Systems USA 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 \ 35,852 = EPS
PE ratio MRQ = 20.13

* 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 Comfort Systems USA Inc:

The EOD is 18.891. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 12.477. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 11.801. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	18.891	MRQ	12.477	+6.414
MRQ	12.477	TTM	11.801	+0.676
TTM	11.801	YOY	16.154	-4.353
TTM	11.801	5Y	12.205	-0.404
5Y	12.205	10Y	12.954	-0.749

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
EOD	18.891	1.504	+17.387
MRQ	12.477	1.339	+11.138
TTM	11.801	0.077	+11.724
YOY	16.154	0.898	+15.256
5Y	12.205	0.646	+11.559
10Y	12.954	0.074	+12.880

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Comfort Systems USA Inc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Engineering & Construction industry mean).
A PB ratio of 5.77 means the investor is paying $5.77 for each $1 in book value.

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

The EOD is 8.737. Based on the equity, the company is overpriced. -1
The MRQ is 5.770. Based on the equity, the company is overpriced. -1
The TTM is 5.280. Based on the equity, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	8.737	MRQ	5.770	+2.966
MRQ	5.770	TTM	5.280	+0.490
TTM	5.280	YOY	3.707	+1.573
TTM	5.280	5Y	3.753	+1.527
5Y	3.753	10Y	3.399	+0.355

Compared to industry (Engineering & Construction)

Period	Company	Industry (mean)	+/-
EOD	8.737	1.152	+7.585
MRQ	5.770	1.114	+4.656
TTM	5.280	1.124	+4.156
YOY	3.707	1.187	+2.520
5Y	3.753	1.329	+2.424
10Y	3.399	1.700	+1.699

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Comfort Systems USA Inc

Institutions are holding 99.524% of the shares of Comfort Systems USA Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	13.4713	0.0252	4807189	-1292202	-21.1858
2023-12-31	Vanguard Group Inc	10.9686	0.0176	3914102	-363567	-8.4992
2023-12-31	Capital World Investors	4.7692	0.0623	1701855	-63746	-3.6104
2023-12-31	Amvescap Plc.	3.5169	0.0614	1254982	-62164	-4.7196
2023-12-31	State Street Corporation	3.408	0.0122	1216145	-50580	-3.993
2023-12-31	Baillie Gifford & Co Limited.	3.2123	0.1868	1146299	-41621	-3.5037
2023-12-31	Fuller & Thaler Asset Management Inc	2.9963	1.1141	1069217	425322	66.0546
2023-12-31	Dimensional Fund Advisors, Inc.	2.5209	0.054	899561	-118201	-11.6138
2023-12-31	Geode Capital Management, LLC	2.3175	0.0178	826975	53231	6.8797
2023-12-31	FMR Inc	2.0084	0.0113	716701	145923	25.5656
2023-12-31	JPMorgan Chase & Co	1.8939	0.0134	675828	404536	149.1146
2023-12-31	AllianceBernstein L.P.	1.7091	0.0483	609899	-102289	-14.3626
2023-12-31	Goldman Sachs Group Inc	1.508	0.0099	538136	383183	247.2898
2023-12-31	Nuveen Asset Management, LLC	1.4957	0.0353	533741	-15808	-2.8765
2023-12-31	Hood River Capital Management LLC	1.3512	2.727	482170	-227	-0.0471
2023-12-31	Northern Trust Corp	1.346	0.0179	480322	80877	20.2473
2023-12-31	T. Rowe Price Associates, Inc.	1.3334	0.0132	475830	-13179	-2.695
2023-12-31	Charles Schwab Investment Management Inc	1.3111	0.0244	467865	-8891	-1.8649
2023-12-31	Westfield Capital Management Company, LP	1.1954	0.5113	426570	426570	0
2023-12-31	Federated Hermes Inc	1.1828	0.2155	422082	-3758	-0.8825
Total		63.516	5.1789	22665469	-216591	-1.0%

3.2. Funds holding Comfort Systems USA Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	American Funds SMALLCAP World A	6.0891	0.621	2172882	-106083	-4.6549
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1401	0.0221	1120524	-2352	-0.2095
2024-03-28	iShares Core S&P Mid-Cap ETF	3.1051	0.4139	1108033	-629	-0.0567
2023-12-31	FullerThaler Behavioral Sm-Cp Eq R6	2.8343	2.61	1011405	402780	66.1787
2023-12-31	FullerThaler Behavioral Small-Cap Equity	2.8343	2.6156	1011405	402780	66.1787
2024-02-29	Vanguard Small Cap Index	2.5793	0.2002	920424	8428	0.9241
2024-03-28	iShares Russell 2000 ETF	2.4311	0.4209	867540	2444	0.2825
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.481	0.1583	528484	1858	0.3528
2023-12-31	Invesco OFI Small Cap Growth	1.1664	2.2184	416223	47075	12.7523
2024-02-29	Invesco Discovery A	1.0535	2.6427	375952	-51904	-12.1312
2023-12-31	Invesco Mid Cap Growth	1.0349	1.3994	369295	-16878	-4.3706
2024-01-31	Fidelity Small Cap Index	1.0036	0.3141	358116	5770	1.6376
2024-02-29	Invesco Discovery Mid Cap Growth Y	0.9708	1.7578	346409	-27083	-7.2513
2023-12-31	T. Rowe Price Integrated US Sm Gr Eq	0.9178	0.8644	327500	-7800	-2.3263
2023-12-31	Federated Hermes Kaufmann Small Cap Grow	0.8959	1.5635	319700	-6300	-1.9325
2023-12-31	Federated Hermes Kaufmann Small Cap A	0.8959	1.5635	319700	-6300	-1.9325
2024-02-29	Vanguard Small Cap Value Index Inv	0.8801	0.1806	314044	1975	0.6329
2024-03-28	iShares Russell 2000 Growth ETF	0.8612	0.8378	307311	-357	-0.116
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7994	0.4148	285258	1074	0.3779
2024-02-29	DFA US Small Cap I	0.7346	0.5166	262154	0	0
Total		35.7084	21.3356	12742359	+648498	+5.1%

3.3. Insider Transactions

Insiders are holding 1.696% of the shares of Comfort Systems USA Inc.

Date	Owner	Type	Amount	Price
2024-03-11	Constance Ellen Skidmore	SELL	3000	299.96
2024-03-05	Darcy Anderson	SELL	3800	316.6
2024-03-01	Brian E Lane	SELL	16000	312.13
2024-02-26	Pablo G Mercado	SELL	1200	283.17
2024-02-26	T Mckenna Trent	SELL	14185	278.55
2024-02-26	William George Iii	SELL	8429	278.95
2023-12-11	Constance Ellen Skidmore	SELL	3000	193.4
2023-12-06	Rhoman J Hardy	BUY	784	191.32
2023-11-09	William J Sandbrook	SELL	5000	185.19
2023-10-31	Vance W Tang	SELL	2288	182.5
2023-09-11	Constance Ellen Skidmore	SELL	3000	187.66
2023-09-07	Laura Finley Howell	SELL	1350	187.59
2023-08-31	Franklin Myers	SELL	30000	184.85
2023-08-28	Brian E Lane	SELL	6400	181.29
2023-08-08	Vance W Tang	SELL	1844	182
2023-06-12	Constance Ellen Skidmore	SELL	3000	159.94

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Comfort Systems USA 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	-	-	2.032	1.956	+4%	1.426	+43%	1.117	+82%	0.683	+197%
Book Value Per Share	-	-	35.642	32.386	+10%	25.848	+38%	22.308	+60%	16.177	+120%
Current Ratio	-	-	1.110	1.068	+4%	1.257	-12%	1.218	-9%	1.299	-15%
Debt To Asset Ratio	-	-	0.613	0.619	-1%	0.623	-2%	0.611	+0%	0.560	+10%
Debt To Equity Ratio	-	-	1.587	1.627	-2%	1.657	-4%	1.578	+1%	1.321	+20%
Dividend Per Share	-	-	0.249	0.212	+18%	0.139	+79%	0.135	+85%	0.101	+146%
Eps	-	-	2.554	2.252	+13%	1.705	+50%	1.347	+90%	0.876	+192%
Free Cash Flow Per Share	-	-	4.121	3.794	+9%	1.757	+135%	1.833	+125%	1.160	+255%
Free Cash Flow To Equity Per Share	-	-	3.240	1.715	+89%	0.326	+893%	1.243	+161%	0.801	+304%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.995	+0%	0.998	+0%
Intrinsic Value_10Y_max	-	-	207.088	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	88.894	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	10.582	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	5.399	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	39.545	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	19.357	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	77.852	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	36.644	-	-	-	-	-	-	-	-
Market Cap	11112184440.000	+34%	7373680840.000	6157761932.500	+20%	3464653607.500	+113%	3214142014.500	+129%	2199803865.500	+235%
Net Profit Margin	-	-	0.067	0.062	+10%	0.061	+11%	0.053	+28%	0.043	+56%
Operating Margin	-	-	0.088	0.079	+11%	0.055	+59%	0.060	+47%	0.054	+62%
Operating Ratio	-	-	0.912	0.921	-1%	0.940	-3%	0.935	-2%	0.941	-3%
Pb Ratio	8.737	+34%	5.770	5.280	+9%	3.707	+56%	3.753	+54%	3.399	+70%
Pe Ratio	30.477	+34%	20.129	19.700	+2%	14.980	+34%	17.121	+18%	28.771	-30%
Price Per Share	311.400	+34%	205.670	171.560	+20%	96.143	+114%	88.678	+132%	60.053	+242%
Price To Free Cash Flow Ratio	18.891	+34%	12.477	11.801	+6%	16.154	-23%	12.205	+2%	12.954	-4%
Price To Total Gains Ratio	136.524	+34%	90.170	81.455	+11%	71.317	+26%	77.811	+16%	98.851	-9%
Quick Ratio	-	-	1.041	1.005	+4%	1.183	-12%	1.156	-10%	1.223	-15%
Return On Assets	-	-	0.028	0.026	+5%	0.025	+10%	0.023	+23%	0.021	+34%
Return On Equity	-	-	0.072	0.069	+4%	0.066	+8%	0.058	+23%	0.049	+47%
Total Gains Per Share	-	-	2.281	2.168	+5%	1.565	+46%	1.252	+82%	0.785	+191%
Usd Book Value	-	-	1277829000.000	1162486250.000	+10%	931577000.000	+37%	810253550.000	+58%	594643350.000	+115%
Usd Book Value Change Per Share	-	-	2.032	1.956	+4%	1.426	+43%	1.117	+82%	0.683	+197%
Usd Book Value Per Share	-	-	35.642	32.386	+10%	25.848	+38%	22.308	+60%	16.177	+120%
Usd Dividend Per Share	-	-	0.249	0.212	+18%	0.139	+79%	0.135	+85%	0.101	+146%
Usd Eps	-	-	2.554	2.252	+13%	1.705	+50%	1.347	+90%	0.876	+192%
Usd Free Cash Flow	-	-	147744000.000	136182500.000	+8%	63293000.000	+133%	66419000.000	+122%	42380725.000	+249%
Usd Free Cash Flow Per Share	-	-	4.121	3.794	+9%	1.757	+135%	1.833	+125%	1.160	+255%
Usd Free Cash Flow To Equity Per Share	-	-	3.240	1.715	+89%	0.326	+893%	1.243	+161%	0.801	+304%
Usd Market Cap	11112184440.000	+34%	7373680840.000	6157761932.500	+20%	3464653607.500	+113%	3214142014.500	+129%	2199803865.500	+235%
Usd Price Per Share	311.400	+34%	205.670	171.560	+20%	96.143	+114%	88.678	+132%	60.053	+242%
Usd Profit	-	-	91581000.000	80849500.000	+13%	61486750.000	+49%	48857800.000	+87%	32064200.000	+186%
Usd Revenue	-	-	1357566000.000	1301690000.000	+4%	1035091000.000	+31%	894634800.000	+52%	662228775.000	+105%
Usd Total Gains Per Share	-	-	2.281	2.168	+5%	1.565	+46%	1.252	+82%	0.785	+191%
	EOD	+4 -4	MRQ	TTM	+31 -4	YOY	+30 -5	5Y	+28 -8	10Y	+29 -7

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	30.477
Price to Book Ratio (EOD)	Between	0-1	8.737
Net Profit Margin (MRQ)	Greater than	0	0.067
Operating Margin (MRQ)	Greater than	0	0.088
Quick Ratio (MRQ)	Greater than	1	1.041
Current Ratio (MRQ)	Greater than	1	1.110
Debt to Asset Ratio (MRQ)	Less than	1	0.613
Debt to Equity Ratio (MRQ)	Less than	1	1.587
Return on Equity (MRQ)	Greater than	0.15	0.072
Return on Assets (MRQ)	Greater than	0.05	0.028
Total			5/10 (50.0%)

Create your own Stock Scanner

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.833
Ma 20	Greater than	Ma 50	308.574
Ma 50	Greater than	Ma 100	300.865
Ma 100	Greater than	Ma 200	254.440
Open	Greater than	Close	304.580
Total			4/5 (80.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Net Interest Income		-4,556	1,877	-2,679	-1,147	-3,826	2,892	-934	1,584	650

Latest Balance Sheet

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

Summary

Total Assets	3,305,579
Total Liabilities	2,027,750
Total Stockholder Equity	1,277,829

	As reported
Total Liabilities	2,027,750
Total Stockholder Equity	+ 1,277,829
Total Assets	= 3,305,579

Assets

Total Assets	3,305,579
Total Current Assets	1,911,100
Long-term Assets	1,394,479

Total Current Assets

Total Current Assets (as reported)	1,911,100
Cash And Cash Equivalents	205,150
Net Receivables	1,586,103
Inventory	65,538
Other Current Assets	54,309
Total Current Assets (calculated)	1,911,100
+/-	0

Long-term Assets

Long-term Assets (as reported)	1,394,479
Property Plant Equipment	414,280
Goodwill	666,834
Intangible Assets	280,397
Long-term Assets Other	10,945
Long-term Assets (calculated)	1,372,456
+/-	22,023

Liabilities & Shareholders' Equity

Total Current Liabilities	1,721,205
Long-term Liabilities	306,545
Total Stockholder Equity	1,277,829

Total Current Liabilities

Total Current Liabilities (as reported)	1,721,205
Short-term Debt	29,293
Short Long Term Debt	4,867
Accounts payable	419,962
Other Current Liabilities	362,412
Total Current Liabilities (calculated)	816,534
+/-	904,671

Long-term Liabilities

Long-term Liabilities (as reported)	306,545
Long term Debt	39,345
Capital Lease Obligations Min Short Term Debt	183,269
Long-term Liabilities Other	77,944
Long-term Liabilities (calculated)	300,558
+/-	5,987

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,277,829
Common Stock	411
Retained Earnings	1,147,663
Other Stockholders Equity	129,755
Total Stockholder Equity (calculated)	1,277,829
+/-	0

Other

Capital Stock	411
Cash and Short Term Investments	205,150
Common Stock Shares Outstanding	35,852
Current Deferred Revenue	909,538
Liabilities and Stockholders Equity	3,305,579
Net Debt	51,624
Net Invested Capital	1,322,041
Net Working Capital	189,895
Property Plant and Equipment Gross	631,229
Short Long Term Debt Total	256,774

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

> Total Assets

0
0
250,600
287,800
361,800
491,000
600,600
789,300
812,500
868,300
928,300
943,300
950,161
978,581
981,331
926,410
910,849
909,195
919,294
876,625
381,371
381,362
369,246
366,535
354,735
359,427
358,096
351,110
344,819
358,090
370,751
383,116
377,078
400,086
416,192
408,683
399,140
434,925
452,236
460,874
446,248
484,402
506,068
547,067
564,389
604,330
614,930
598,492
568,406
590,774
581,326
574,948
556,119
548,487
641,233
640,020
616,275
621,544
565,646
591,066
576,058
604,621
591,726
580,754
583,608
595,246
594,454
601,822
588,844
668,111
656,406
665,750
678,804
703,049
694,526
691,594
708,969
729,013
717,742
708,903
687,612
893,155
884,587
881,120
882,718
959,166
1,059,940
1,062,564
1,080,032
1,444,596
1,467,460
1,505,012
1,618,067
1,675,443
1,677,969
1,757,355
1,715,530
1,754,950
1,951,334
2,209,114
2,308,413
2,439,622
2,549,473
2,597,478
2,839,471
2,915,117
3,140,619
3,305,579

3,305,579

3,140,619

2,915,117

2,839,471

2,597,478

2,549,473

2,439,622

2,308,413

2,209,114

1,951,334

1,754,950

1,715,530

1,757,355

1,677,969

1,675,443

1,618,067

1,505,012

1,467,460

1,444,596

1,080,032

1,062,564

1,059,940

959,166

882,718

881,120

884,587

893,155

687,612

708,903

717,742

729,013

708,969

691,594

694,526

703,049

678,804

665,750

656,406

668,111

588,844

601,822

594,454

595,246

583,608

580,754

591,726

604,621

576,058

591,066

565,646

621,544

616,275

640,020

641,233

548,487

556,119

574,948

581,326

590,774

568,406

598,492

614,930

604,330

564,389

547,067

506,068

484,402

446,248

460,874

452,236

434,925

399,140

408,683

416,192

400,086

377,078

383,116

370,751

358,090

344,819

351,110

358,096

359,427

354,735

366,535

369,246

381,362

381,371

876,625

919,294

909,195

910,849

926,410

981,331

978,581

950,161

943,300

928,300

868,300

812,500

789,300

600,600

491,000

361,800

287,800

250,600

> Total Current Assets

0
0
99,900
110,900
133,300
188,400
253,500
312,600
318,500
363,900
405,200
412,600
422,017
459,544
472,165
433,294
420,997
424,515
439,515
402,880
234,762
236,232
225,487
223,393
214,254
219,866
223,273
222,937
217,168
231,658
245,490
260,729
254,259
278,251
294,922
325,399
315,459
351,487
369,749
376,385
356,387
394,225
415,273
450,623
423,440
458,531
458,781
444,931
413,932
437,487
430,716
413,155
393,753
392,909
399,890
402,948
378,682
385,900
388,002
387,282
373,525
390,241
379,480
372,553
377,233
389,228
389,226
396,997
384,172
423,496
410,000
413,192
422,806
446,822
437,940
424,273
414,684
434,539
422,864
415,957
396,453
497,169
495,377
489,357
491,793
561,823
599,679
609,700
557,272
726,582
750,402
790,184
878,443
792,505
811,296
811,852
762,572
819,400
904,711
1,027,321
1,139,629
1,238,223
1,358,091
1,307,671
1,459,024
1,500,323
1,812,232
1,911,100

1,911,100

1,812,232

1,500,323

1,459,024

1,307,671

1,358,091

1,238,223

1,139,629

1,027,321

904,711

819,400

762,572

811,852

811,296

792,505

878,443

790,184

750,402

726,582

557,272

609,700

599,679

561,823

491,793

489,357

495,377

497,169

396,453

415,957

422,864

434,539

414,684

424,273

437,940

446,822

422,806

413,192

410,000

423,496

384,172

396,997

389,226

389,228

377,233

372,553

379,480

390,241

373,525

387,282

388,002

385,900

378,682

402,948

399,890

392,909

393,753

413,155

430,716

437,487

413,932

444,931

458,781

458,531

423,440

450,623

415,273

394,225

356,387

376,385

369,749

351,487

315,459

325,399

294,922

278,251

254,259

260,729

245,490

231,658

217,168

222,937

223,273

219,866

214,254

223,393

225,487

236,232

234,762

402,880

439,515

424,515

420,997

433,294

472,165

459,544

422,017

412,600

405,200

363,900

318,500

312,600

253,500

188,400

133,300

110,900

99,900

Cash And Cash Equivalents

0
0
37,100
14,500
5,700
6,300
9,700
7,000
3,800
4,400
7,600
3,700
8,344
8,902
7,700
16,021
21,810
17,152
15,135
10,625
9,855
12,624
10,625
6,104
11,329
11,415
7,820
10,136
5,119
16,705
20,493
32,576
22,454
26,455
33,709
55,593
58,361
67,091
68,918
90,286
69,038
87,932
97,727
139,631
88,636
101,508
102,300
117,015
108,149
120,415
139,863
127,850
109,770
107,602
44,661
86,346
63,636
50,101
43,692
51,237
27,873
28,811
35,665
40,757
25,435
23,346
45,305
52,054
40,650
49,759
43,882
32,064
38,892
40,714
45,072
56,464
43,540
38,282
25,337
32,074
31,444
34,465
29,496
36,542
25,219
28,001
19,248
45,620
29,130
36,787
40,363
50,788
133,264
53,253
70,540
54,896
52,116
53,659
67,721
58,776
115,615
69,129
71,139
57,214
48,560
60,007
137,623
205,150

205,150

137,623

60,007

48,560

57,214

71,139

69,129

115,615

58,776

67,721

53,659

52,116

54,896

70,540

53,253

133,264

50,788

40,363

36,787

29,130

45,620

19,248

28,001

25,219

36,542

29,496

34,465

31,444

32,074

25,337

38,282

43,540

56,464

45,072

40,714

38,892

32,064

43,882

49,759

40,650

52,054

45,305

23,346

25,435

40,757

35,665

28,811

27,873

51,237

43,692

50,101

63,636

86,346

44,661

107,602

109,770

127,850

139,863

120,415

108,149

117,015

102,300

101,508

88,636

139,631

97,727

87,932

69,038

90,286

68,918

67,091

58,361

55,593

33,709

26,455

22,454

32,576

20,493

16,705

5,119

10,136

7,820

11,415

11,329

6,104

10,625

12,624

9,855

10,625

15,135

17,152

21,810

16,021

7,700

8,902

8,344

3,700

7,600

4,400

3,800

7,000

9,700

6,300

5,700

14,500

37,100

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,000

Net Receivables

0
0
47,400
73,700
114,000
143,400
220,000
276,500
284,700
329,800
358,700
368,200
307,055
406,840
414,649
340,031
368,243
377,435
394,298
356,199
196,834
178,914
192,889
176,284
162,753
170,213
175,672
173,110
168,995
170,792
181,115
178,785
181,709
202,703
210,640
226,712
211,424
262,779
275,143
263,472
265,753
285,614
295,718
287,120
302,154
329,356
327,878
273,655
252,575
257,077
236,936
229,229
205,109
229,959
285,016
250,119
275,661
255,286
259,769
273,587
305,774
285,333
306,473
283,163
315,040
321,142
308,759
295,592
310,051
340,084
331,765
331,195
347,147
369,097
356,667
333,390
355,642
369,032
380,669
348,206
349,054
446,522
443,481
412,983
449,410
516,653
561,307
528,759
494,047
644,498
688,584
714,947
720,255
716,587
717,743
683,762
680,991
735,554
775,074
922,988
967,723
1,109,012
1,221,431
1,128,323
1,326,261
1,348,215
1,578,023
1,586,103

1,586,103

1,578,023

1,348,215

1,326,261

1,128,323

1,221,431

1,109,012

967,723

922,988

775,074

735,554

680,991

683,762

717,743

716,587

720,255

714,947

688,584

644,498

494,047

528,759

561,307

516,653

449,410

412,983

443,481

446,522

349,054

348,206

380,669

369,032

355,642

333,390

356,667

369,097

347,147

331,195

331,765

340,084

310,051

295,592

308,759

321,142

315,040

283,163

306,473

285,333

305,774

273,587

259,769

255,286

275,661

250,119

285,016

229,959

205,109

229,229

236,936

257,077

252,575

273,655

327,878

329,356

302,154

287,120

295,718

285,614

265,753

263,472

275,143

262,779

211,424

226,712

210,640

202,703

181,709

178,785

181,115

170,792

168,995

173,110

175,672

170,213

162,753

176,284

192,889

178,914

196,834

356,199

394,298

377,435

368,243

340,031

414,649

406,840

307,055

368,200

358,700

329,800

284,700

276,500

220,000

143,400

114,000

73,700

47,400

Other Current Assets

0
0
9,800
16,500
6,600
28,400
10,600
14,300
13,600
11,900
19,900
19,800
86,528
23,221
29,908
57,843
2,198
2,086
10,412
17,803
1,586
21,741
1,248
17,964
18,265
15,996
17,925
16,162
18,638
22,271
22,825
25,440
25,734
26,209
27,339
23,498
25,718
992
741
221
7
7
5
14,475
21,787
15,816
17,207
19,223
17,613
59,995
17,811
20,432
78,874
22,098
26,379
26,648
29,748
80,513
84,541
27,163
29,179
76,097
27,434
47,051
35,099
44,140
30,497
49,012
32,873
38,663
25,416
49,757
31,476
33,744
36,535
34,419
34,350
27,225
36,239
35,677
35,974
40,653
39,333
39,832
6,135
5,183
6,329
35,321
34,095
45,297
8,788
14,396
14,612
10,453
10,313
73,194
13,812
11,350
61,916
23,704
31,373
28,836
27,372
122,134
47,190
50,482
42,687
54,309

54,309

42,687

50,482

47,190

122,134

27,372

28,836

31,373

23,704

61,916

11,350

13,812

73,194

10,313

10,453

14,612

14,396

8,788

45,297

34,095

35,321

6,329

5,183

6,135

39,832

39,333

40,653

35,974

35,677

36,239

27,225

34,350

34,419

36,535

33,744

31,476

49,757

25,416

38,663

32,873

49,012

30,497

44,140

35,099

47,051

27,434

76,097

29,179

27,163

84,541

80,513

29,748

26,648

26,379

22,098

78,874

20,432

17,811

59,995

17,613

19,223

17,207

15,816

21,787

14,475

221

741

992

25,718

23,498

27,339

26,209

25,734

25,440

22,825

22,271

18,638

16,162

17,925

15,996

18,265

17,964

1,248

21,741

1,586

17,803

10,412

2,086

2,198

57,843

29,908

23,221

86,528

19,800

19,900

11,900

13,600

14,300

10,600

28,400

6,600

16,500

9,800

> Long-term Assets

0
0
150,700
176,900
228,500
302,600
347,100
476,700
494,000
504,400
523,100
530,700
528,144
519,037
509,166
493,116
489,852
484,680
479,779
473,745
146,609
145,130
143,759
143,142
140,481
139,561
134,823
128,173
127,651
126,432
125,261
122,387
122,819
121,835
121,270
83,284
83,681
83,438
82,487
84,489
89,861
90,177
90,795
96,444
140,949
145,799
156,149
153,561
154,474
153,287
150,610
161,793
162,366
155,578
241,343
237,072
237,593
235,644
177,644
203,784
202,533
214,380
212,246
208,201
206,375
206,018
205,228
204,825
204,672
244,615
246,406
252,558
255,998
256,227
256,586
267,321
294,285
294,474
294,878
292,946
291,159
395,986
389,210
391,763
390,925
397,343
460,261
452,864
522,760
718,014
717,058
714,828
739,624
882,938
866,673
945,503
952,958
935,550
1,046,623
1,181,793
1,168,784
1,201,399
1,191,382
1,289,807
1,380,447
1,414,794
1,328,387
1,394,479

1,394,479

1,328,387

1,414,794

1,380,447

1,289,807

1,191,382

1,201,399

1,168,784

1,181,793

1,046,623

935,550

952,958

945,503

866,673

882,938

739,624

714,828

717,058

718,014

522,760

452,864

460,261

397,343

390,925

391,763

389,210

395,986

291,159

292,946

294,878

294,474

294,285

267,321

256,586

256,227

255,998

252,558

246,406

244,615

204,672

204,825

205,228

206,018

206,375

208,201

212,246

214,380

202,533

203,784

177,644

235,644

237,593

237,072

241,343

155,578

162,366

161,793

150,610

153,287

154,474

153,561

156,149

145,799

140,949

96,444

90,795

90,177

89,861

84,489

82,487

83,438

83,681

83,284

121,270

121,835

122,819

122,387

125,261

126,432

127,651

128,173

134,823

139,561

140,481

143,142

143,759

145,130

146,609

473,745

479,779

484,680

489,852

493,116

509,166

519,037

528,144

530,700

523,100

504,400

494,000

476,700

347,100

302,600

228,500

176,900

150,700

Property Plant Equipment

0
0
8,600
12,000
14,600
19,900
26,100
34,400
35,800
38,700
40,200
42,000
43,061
45,315
46,260
40,085
38,695
37,193
35,466
32,780
18,944
17,314
16,543
16,111
15,361
14,831
14,054
13,231
13,360
12,966
12,529
12,988
13,958
13,904
13,889
12,844
13,547
14,063
15,197
15,504
17,086
17,813
19,278
21,442
29,853
32,632
34,819
35,908
35,153
35,000
34,083
34,671
33,326
31,897
44,158
43,620
42,657
41,039
40,475
42,013
40,807
42,251
42,041
41,416
41,496
42,522
44,943
46,861
47,769
52,086
55,708
55,759
55,640
57,613
59,519
60,813
62,557
65,053
66,490
68,195
68,593
74,539
74,883
87,591
88,298
91,898
102,960
99,618
173,090
108,343
192,410
193,869
196,275
219,155
214,946
117,206
211,821
209,121
115,538
253,310
252,647
265,327
271,672
143,949
289,776
305,621
396,002
414,280

414,280

396,002

305,621

289,776

143,949

271,672

265,327

252,647

253,310

115,538

209,121

211,821

117,206

214,946

219,155

196,275

193,869

192,410

108,343

173,090

99,618

102,960

91,898

88,298

87,591

74,883

74,539

68,593

68,195

66,490

65,053

62,557

60,813

59,519

57,613

55,640

55,759

55,708

52,086

47,769

46,861

44,943

42,522

41,496

41,416

42,041

42,251

40,807

42,013

40,475

41,039

42,657

43,620

44,158

31,897

33,326

34,671

34,083

35,000

35,153

35,908

34,819

32,632

29,853

21,442

19,278

17,813

17,086

15,504

15,197

14,063

13,547

12,844

13,889

13,904

13,958

12,988

12,529

12,966

13,360

13,231

14,054

14,831

15,361

16,111

16,543

17,314

18,944

32,780

35,466

37,193

38,695

40,085

46,260

45,315

43,061

42,000

40,200

38,700

35,800

34,400

26,100

19,900

14,600

12,000

8,600

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
450,493
0
0
0
438,448
113,427
113,427
113,427
113,427
112,545
112,545
109,471
104,034
104,034
103,470
103,470
100,123
100,123
100,123
100,123
62,954
62,954
62,954
62,954
62,954
65,960
65,833
65,833
68,621
82,503
85,956
88,872
90,940
94,605
95,666
95,590
100,194
103,235
98,759
148,518
147,818
149,090
148,986
93,640
107,093
107,093
114,593
114,588
114,588
114,588
114,588
114,588
114,588
114,588
138,364
138,052
140,341
143,569
143,569
143,674
143,874
147,297
147,512
148,140
149,208
148,103
203,223
203,771
200,584
203,199
205,162
231,190
235,182
235,860
332,562
332,200
332,447
347,391
420,782
420,782
464,392
472,778
472,046
526,964
592,114
593,947
611,000
611,039
611,789
637,434
637,487
637,487
666,834

666,834

637,487

637,434

611,789

611,039

611,000

593,947

592,114

526,964

472,046

472,778

464,392

420,782

347,391

332,447

332,200

332,562

235,860

235,182

231,190

205,162

203,199

200,584

203,771

203,223

148,103

149,208

148,140

147,512

147,297

143,874

143,674

143,569

140,341

138,052

138,364

114,588

114,593

107,093

93,640

148,986

149,090

147,818

148,518

98,759

103,235

100,194

95,590

95,666

94,605

90,940

88,872

85,956

82,503

68,621

65,833

65,960

62,954

100,123

103,470

104,034

109,471

112,545

113,427

438,448

450,493

Intangible Assets

0
0
140,800
163,100
205,700
273,100
310,500
430,500
445,700
453,900
471,100
474,500
471,275
468,179
458,064
450,493
447,547
444,469
441,459
438,448
113,427
113,427
113,427
113,427
112,545
112,545
109,471
104,034
104,034
103,470
103,470
100,123
100,123
100,123
100,123
62,954
62,954
62,954
62,954
62,954
65,960
65,833
65,833
70,808
14,378
14,753
18,482
16,281
15,459
14,551
13,841
19,380
19,387
18,412
41,549
39,616
39,088
37,388
36,099
48,349
46,284
49,206
46,795
44,515
42,586
40,846
39,107
37,383
36,504
48,319
46,259
45,666
46,012
44,123
42,491
41,079
49,140
47,028
44,993
42,435
40,873
83,269
78,527
76,044
78,332
77,968
98,712
95,275
91,073
173,996
166,736
159,974
167,675
210,164
201,998
231,807
230,408
221,584
268,099
304,781
291,990
296,538
285,094
273,901
296,070
285,057
274,128
280,397

280,397

274,128

285,057

296,070

273,901

285,094

296,538

291,990

304,781

268,099

221,584

230,408

231,807

201,998

210,164

167,675

159,974

166,736

173,996

91,073

95,275

98,712

77,968

78,332

76,044

78,527

83,269

40,873

42,435

44,993

47,028

49,140

41,079

42,491

44,123

46,012

45,666

46,259

48,319

36,504

37,383

39,107

40,846

42,586

44,515

46,795

49,206

46,284

48,349

36,099

37,388

39,088

39,616

41,549

18,412

19,387

19,380

13,841

14,551

15,459

16,281

18,482

14,753

14,378

70,808

65,833

65,960

62,954

100,123

103,470

104,034

109,471

112,545

113,427

438,448

441,459

444,469

447,547

450,493

458,064

468,179

471,275

474,500

471,100

453,900

445,700

430,500

310,500

273,100

205,700

163,100

140,800

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
485,083
473,722
462,906
453,031
451,157
447,487
444,313
440,965
127,665
127,816
127,216
127,031
125,120
124,730
120,769
114,942
114,291
113,466
112,732
109,399
108,861
107,931
107,381
70,440
70,134
69,375
67,290
68,985
72,775
72,364
71,517
75,002
111,096
113,167
121,330
117,653
119,321
118,287
116,527
127,122
129,040
123,681
197,185
193,452
194,936
194,605
137,169
161,771
161,726
172,129
170,205
166,785
164,879
163,496
160,285
157,964
156,903
192,529
190,698
196,799
200,358
198,614
197,067
206,508
231,728
229,421
228,388
224,751
222,566
321,447
314,327
304,172
302,627
22,315
27,399
22,789
22,737
22,480
25,712
28,538
28,283
32,837
28,947
132,098
37,951
32,799
136,022
31,588
30,200
28,534
21,977
129,502
157,167
186,629
20,770
0

20,770

186,629

157,167

129,502

21,977

28,534

30,200

31,588

136,022

32,799

37,951

132,098

28,947

32,837

28,283

28,538

25,712

22,480

22,737

22,789

27,399

22,315

302,627

304,172

314,327

321,447

222,566

224,751

228,388

229,421

231,728

206,508

197,067

198,614

200,358

196,799

190,698

192,529

156,903

157,964

160,285

163,496

164,879

166,785

170,205

172,129

161,726

161,771

137,169

194,605

194,936

193,452

197,185

123,681

129,040

127,122

116,527

118,287

119,321

117,653

121,330

113,167

111,096

75,002

71,517

72,364

72,775

68,985

67,290

69,375

70,134

70,440

107,381

107,931

108,861

109,399

112,732

113,466

114,291

114,942

120,769

124,730

125,120

127,031

127,216

127,816

127,665

440,965

444,313

447,487

451,157

453,031

462,906

473,722

485,083

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
27,170
0
0
0
22,966
16,890
17,138
20,018
17,634
17,485
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

17,485

17,634

20,018

17,138

16,890

22,966

27,170

> Total Liabilities

0
0
55,300
75,100
120,100
204,300
266,300
409,400
422,100
460,700
505,600
524,300
527,361
558,950
564,629
526,171
509,319
504,374
508,564
462,804
184,813
179,817
163,907
161,449
154,630
156,615
154,905
150,450
142,068
150,615
159,491
166,519
158,751
176,779
185,736
195,160
180,608
207,153
216,212
218,160
202,299
229,780
243,510
284,489
298,692
329,393
329,028
312,021
277,132
294,178
278,233
268,964
250,632
243,960
333,519
327,236
309,208
316,161
300,998
307,960
296,859
323,776
307,407
293,448
294,832
299,092
288,241
287,800
275,092
351,342
339,654
344,357
351,617
361,536
338,289
326,589
370,895
376,314
352,762
332,270
305,656
496,243
472,658
463,175
453,580
498,191
567,173
564,517
564,837
912,508
909,830
919,708
1,025,024
1,047,010
1,009,843
1,060,926
992,427
1,002,938
1,179,545
1,403,448
1,430,005
1,542,777
1,598,341
1,597,555
1,785,981
1,803,653
1,933,457
2,027,750

2,027,750

1,933,457

1,803,653

1,785,981

1,597,555

1,598,341

1,542,777

1,430,005

1,403,448

1,179,545

1,002,938

992,427

1,060,926

1,009,843

1,047,010

1,025,024

919,708

909,830

912,508

564,837

564,517

567,173

498,191

453,580

463,175

472,658

496,243

305,656

332,270

352,762

376,314

370,895

326,589

338,289

361,536

351,617

344,357

339,654

351,342

275,092

287,800

288,241

299,092

294,832

293,448

307,407

323,776

296,859

307,960

300,998

316,161

309,208

327,236

333,519

243,960

250,632

268,964

278,233

294,178

277,132

312,021

329,028

329,393

298,692

284,489

243,510

229,780

202,299

218,160

216,212

207,153

180,608

195,160

185,736

176,779

158,751

166,519

159,491

150,615

142,068

150,450

154,905

156,615

154,630

161,449

163,907

179,817

184,813

462,804

508,564

504,374

509,319

526,171

564,629

558,950

527,361

524,300

505,600

460,700

422,100

409,400

266,300

204,300

120,100

75,100

55,300

> Total Current Liabilities

0
0
34,400
53,600
68,500
98,500
136,200
179,200
174,400
200,300
226,100
240,100
227,650
268,093
274,041
260,075
248,089
264,445
280,134
253,299
168,651
179,118
149,114
147,653
132,425
144,109
140,808
139,299
130,723
140,095
149,418
159,768
152,516
176,560
185,736
195,160
180,608
207,153
216,212
218,160
200,840
228,208
242,253
281,693
285,660
314,710
313,060
298,385
263,865
281,210
265,949
249,030
233,083
229,436
274,305
268,210
252,014
258,065
255,752
277,971
266,241
275,846
263,329
268,587
270,223
275,571
266,649
269,438
251,088
280,234
278,983
282,637
292,821
324,461
309,136
305,391
306,876
326,597
313,698
317,681
293,043
375,416
373,802
373,728
366,036
418,312
445,846
467,058
409,843
527,050
577,732
607,997
599,625
681,486
655,343
692,904
691,688
721,410
742,262
836,554
857,199
968,180
1,044,005
1,170,802
1,406,659
1,481,476
1,628,987
1,721,205

1,721,205

1,628,987

1,481,476

1,406,659

1,170,802

1,044,005

968,180

857,199

836,554

742,262

721,410

691,688

692,904

655,343

681,486

599,625

607,997

577,732

527,050

409,843

467,058

445,846

418,312

366,036

373,728

373,802

375,416

293,043

317,681

313,698

326,597

306,876

305,391

309,136

324,461

292,821

282,637

278,983

280,234

251,088

269,438

266,649

275,571

270,223

268,587

263,329

275,846

266,241

277,971

255,752

258,065

252,014

268,210

274,305

229,436

233,083

249,030

265,949

281,210

263,865

298,385

313,060

314,710

285,660

281,693

242,253

228,208

200,840

218,160

216,212

207,153

180,608

195,160

185,736

176,560

152,516

159,768

149,418

140,095

130,723

139,299

140,808

144,109

132,425

147,653

149,114

179,118

168,651

253,299

280,134

264,445

248,089

260,075

274,041

268,093

227,650

240,100

226,100

200,300

174,400

179,200

136,200

98,500

68,500

53,600

34,400

Short-term Debt

0
0
3,100
900
200
500
6,800
9,100
6,800
10,900
26,100
27,900
24,654
19,726
15,720
9,066
12,707
6,174
5,919
3,709
32,937
29,242
1,589
1,780
1,980
2,166
4,385
1,594
2,090
2,076
2,076
2,071
2,068
65
0
0
0
0
0
0
0
0
0
375
4,801
1,708
1,708
1,336
1,018
1,018
2,018
1,167
2,316
2,316
1,417
1,267
300
760
810
632
300
632
300
300
300
300
2,000
2,000
2,000
289
328
317
299
287
360
751
841
817
290
763
1,243
1,225
708
613
1,113
1,113
3,279
3,279
2,755
10,380
13,847
34,833
850
85
70
16,586
152,696
4,235
5,958
21,838
407
2,448
2,514
9,000
11,468
13,334
13,333
29,293

29,293

13,333

13,334

11,468

9,000

2,514

2,448

407

21,838

5,958

4,235

152,696

16,586

850

34,833

13,847

10,380

2,755

3,279

1,113

613

708

1,225

1,243

763

290

817

841

751

360

287

299

317

328

289

2,000

300

632

300

632

810

760

300

1,267

1,417

2,316

1,167

2,018

1,018

1,336

1,708

4,801

375

2,068

2,071

2,076

2,090

1,594

4,385

2,166

1,980

1,780

1,589

29,242

32,937

3,709

5,919

6,174

12,707

9,066

15,720

19,726

24,654

27,900

26,100

10,900

6,800

9,100

6,800

500

200

900

3,100

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
40,346
0
0
0
500
0
817
290
600
1,243
104,738
618
613
1,113
1,113
3,279
3,279
2,755
10,380
13,847
20,817
850
85
70
0
0
4,235
5,958
2,788
407
2,448
2,514
9,000
11,468
13,334
13,333
4,867

4,867

13,333

13,334

11,468

9,000

2,514

2,448

407

2,788

5,958

4,235

850

20,817

13,847

10,380

2,755

3,279

1,113

613

618

104,738

1,243

600

290

817

500

40,346

Accounts payable

0
0
14,900
22,800
29,900
41,600
56,700
74,200
74,300
89,100
88,800
96,000
95,763
114,727
119,814
114,613
102,162
110,253
116,476
101,566
56,312
62,647
57,915
66,570
53,759
64,215
57,528
58,566
55,171
57,811
58,894
64,771
60,005
73,150
69,153
72,154
67,945
147,173
149,970
147,129
140,778
161,102
169,371
195,102
195,577
222,666
213,543
98,400
80,310
84,972
75,291
83,848
77,620
78,038
94,522
101,134
88,581
98,202
101,421
114,255
105,801
109,833
92,994
100,641
100,565
101,248
95,667
100,825
96,779
108,359
99,232
106,211
109,478
117,780
106,061
106,684
106,536
116,101
106,165
103,440
98,132
124,326
122,203
132,011
128,249
145,374
150,880
176,167
136,115
165,119
176,624
196,195
184,627
202,075
176,484
204,145
184,499
207,453
236,387
254,788
267,246
293,964
330,288
337,385
351,509
396,181
441,128
419,962

419,962

441,128

396,181

351,509

337,385

330,288

293,964

267,246

254,788

236,387

207,453

184,499

204,145

176,484

202,075

184,627

196,195

176,624

165,119

136,115

176,167

150,880

145,374

128,249

132,011

122,203

124,326

98,132

103,440

106,165

116,101

106,536

106,684

106,061

117,780

109,478

106,211

99,232

108,359

96,779

100,825

95,667

101,248

100,565

100,641

92,994

109,833

105,801

114,255

101,421

98,202

88,581

101,134

94,522

78,038

77,620

83,848

75,291

84,972

80,310

98,400

213,543

222,666

195,577

195,102

169,371

161,102

140,778

147,129

149,970

147,173

67,945

72,154

69,153

73,150

60,005

64,771

58,894

57,811

55,171

58,566

57,528

64,215

53,759

66,570

57,915

62,647

56,312

101,566

116,476

110,253

102,162

114,613

119,814

114,727

95,763

96,000

88,800

89,100

74,300

74,200

56,700

41,600

29,900

22,800

14,900

Other Current Liabilities

0
0
16,400
29,900
38,400
56,400
72,700
95,900
93,300
100,300
111,200
116,200
107,233
133,640
138,507
136,396
99,991
110,168
114,688
105,428
61,713
67,416
66,378
56,473
57,241
56,220
55,980
56,439
54,182
60,941
66,778
70,092
70,172
78,279
116,583
123,006
112,663
59,980
66,242
71,031
60,062
67,106
72,882
22,160
30,452
26,491
26,255
125,521
119,111
195,220
119,349
99,091
153,147
91,157
106,044
94,238
95,228
159,103
153,521
99,202
95,506
165,381
101,820
93,832
94,074
97,940
106,416
102,025
93,902
97,812
106,567
98,663
100,738
116,072
122,314
112,559
115,689
121,563
125,835
129,493
116,834
150,329
147,842
135,099
128,735
137,863
160,535
156,626
150,683
186,262
220,164
204,545
199,042
253,279
261,335
245,936
106,096
254,365
255,339
238,814
273,068
285,510
299,261
362,636
326,388
375,590
399,224
362,412

362,412

399,224

375,590

326,388

362,636

299,261

285,510

273,068

238,814

255,339

254,365

106,096

245,936

261,335

253,279

199,042

204,545

220,164

186,262

150,683

156,626

160,535

137,863

128,735

135,099

147,842

150,329

116,834

129,493

125,835

121,563

115,689

112,559

122,314

116,072

100,738

98,663

106,567

97,812

93,902

102,025

106,416

97,940

94,074

93,832

101,820

165,381

95,506

99,202

153,521

159,103

95,228

94,238

106,044

91,157

153,147

99,091

119,349

195,220

119,111

125,521

26,255

26,491

30,452

22,160

72,882

67,106

60,062

71,031

66,242

59,980

112,663

123,006

116,583

78,279

70,172

70,092

66,778

60,941

54,182

56,439

55,980

56,220

57,241

56,473

66,378

67,416

61,713

105,428

114,688

110,168

99,991

136,396

138,507

133,640

107,233

116,200

111,200

100,300

93,300

95,900

72,700

56,400

38,400

29,900

16,400

> Long-term Liabilities

0
0
20,900
21,500
51,600
105,800
130,100
230,200
247,700
260,400
279,500
284,200
299,711
290,857
290,588
266,096
261,230
239,929
228,430
209,505
16,162
699
14,793
13,796
22,205
12,506
14,097
11,151
11,345
10,520
10,073
6,751
6,235
219
0
0
0
0
0
600
1,459
1,572
1,257
2,796
13,032
14,683
15,968
13,636
13,267
12,968
12,284
19,934
17,549
14,524
59,214
59,026
57,194
58,096
45,246
29,989
30,618
47,930
44,078
24,861
24,609
23,521
21,592
18,362
24,004
71,108
60,671
61,720
58,796
37,075
29,153
21,198
64,019
49,717
39,064
14,589
12,613
120,827
98,856
89,447
87,544
79,879
121,327
97,459
154,994
385,458
332,098
311,711
425,399
365,524
354,500
368,022
300,739
281,528
437,283
566,894
572,806
574,597
554,336
426,753
379,322
322,177
304,470
306,545

306,545

304,470

322,177

379,322

426,753

554,336

574,597

572,806

566,894

437,283

281,528

300,739

368,022

354,500

365,524

425,399

311,711

332,098

385,458

154,994

97,459

121,327

79,879

87,544

89,447

98,856

120,827

12,613

14,589

39,064

49,717

64,019

21,198

29,153

37,075

58,796

61,720

60,671

71,108

24,004

18,362

21,592

23,521

24,609

24,861

44,078

47,930

30,618

29,989

45,246

58,096

57,194

59,026

59,214

14,524

17,549

19,934

12,284

12,968

13,267

13,636

15,968

14,683

13,032

2,796

1,257

1,572

1,459

600

219

6,235

6,751

10,073

10,520

11,345

11,151

14,097

12,506

22,205

13,796

14,793

699

16,162

209,505

228,430

239,929

261,230

266,096

290,588

290,857

299,711

284,200

279,500

260,400

247,700

230,200

130,100

105,800

51,600

21,500

20,900

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,100
2,100
2,100
5,000
0
7,000
52,614
42,606
40,029
37,463
19,396
11,313
10,756
53,730
38,662
27,603
2,048
761
103,513
80,984
59,926
64,880
57,864
93,672
73,639
74,483
284,667
228,167
205,318
333,113
231,442
222,213
235,733
171,752
156,272
266,772
385,242
412,079
403,192
378,192
247,245
197,761
133,945
33,932
0

33,932

133,945

197,761

247,245

378,192

403,192

412,079

385,242

266,772

156,272

171,752

235,733

222,213

231,442

333,113

205,318

228,167

284,667

74,483

73,639

93,672

57,864

64,880

59,926

80,984

103,513

761

2,048

27,603

38,662

53,730

10,756

11,313

19,396

37,463

40,029

42,606

52,614

7,000

5,000

2,100

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
27,170
0
0
0
22,966
16,890
17,138
20,018
17,634
17,485
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

17,485

17,634

20,018

17,138

16,890

22,966

27,170

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
1,593
1,257
586
561
564
566
441
384
270
273
25
3,192
2,931
3,085
3,365
2,342
3,053
2,714
2,800
0
0
0
0
0
0
0
0
0
1,459
1,572
1,257
1,671
3,158
3,558
2,843
2,732
4,628
4,996
5,677
3,890
3,834
3,801
12,091
11,486
11,344
11,570
6,278
10,699
10,838
12,796
12,912
9,807
9,920
10,154
7,996
8,421
8,068
9,395
10,898
10,874
11,129
7,838
8,203
8,632
8,479
9,245
9,651
10,252
9,563
15,025
15,583
27,258
17,829
22,015
27,655
23,820
18,483
30,696
30,718
33,696
21,876
50,329
50,649
51,713
46,326
44,196
170,511
73,951
53,694
57,755
61,701
67,764
66,543
0
79,087
0

79,087

66,543

67,764

61,701

57,755

53,694

73,951

170,511

44,196

46,326

51,713

50,649

50,329

21,876

33,696

30,718

30,696

18,483

23,820

27,655

22,015

17,829

27,258

15,583

15,025

9,563

10,252

9,651

9,245

8,479

8,632

8,203

7,838

11,129

10,874

10,898

9,395

8,068

8,421

7,996

10,154

9,920

9,807

12,912

12,796

10,838

10,699

6,278

11,570

11,344

11,486

12,091

3,801

3,834

3,890

5,677

4,996

4,628

2,732

2,843

3,558

3,158

1,671

1,257

1,572

1,459

2,800

2,714

3,053

2,342

3,365

3,085

2,931

3,192

273

270

384

441

566

564

561

586

1,257

1,593

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
18,907
11,599
4,541
5,131
6,485
7,117
7,954
7,589
8,267
8,596
9,941
8,936
9,099
7,167
10,817
10,204
9,841
9,637
1,810
1,810
1,810
1,810
2,289
2,289
2,289
2,289
2,263
4,835
4,835
4,835
1,387
1,387
1,387
1,387
1,425
1,425
3,365
3,365
1,339
1,339
1,339
1,339
1,745
1,745
1,745
1,745
0
0
0
0
0

1,745

1,339

3,365

1,425

1,387

4,835

2,263

2,289

1,810

9,637

9,841

10,204

10,817

7,167

9,099

8,936

9,941

8,596

8,267

7,589

7,954

7,117

6,485

5,131

4,541

11,599

18,907

> Total Stockholder Equity

0
0
195,300
212,700
241,700
286,700
334,300
379,900
390,400
407,600
422,700
419,000
422,800
419,631
416,702
400,239
401,530
404,821
410,730
413,821
196,558
201,545
205,339
205,086
200,105
202,812
203,191
200,660
202,751
207,475
211,260
216,597
218,327
223,307
230,456
213,523
218,532
227,772
236,024
242,714
243,949
254,622
262,558
262,578
265,697
274,937
285,902
286,471
291,274
296,596
303,093
305,984
305,487
304,527
307,714
312,784
307,067
305,383
264,648
264,591
262,323
264,390
268,212
270,405
271,712
278,538
288,364
295,834
294,876
298,457
298,880
306,281
310,293
324,315
337,608
346,721
338,074
352,699
364,980
376,633
381,956
396,912
411,929
417,945
429,138
460,975
492,767
498,047
515,195
532,088
557,630
585,304
593,043
628,433
668,126
696,429
723,103
752,012
771,789
805,666
878,408
896,845
951,132
999,923
1,053,490
1,111,464
1,207,162
1,277,829

1,277,829

1,207,162

1,111,464

1,053,490

999,923

951,132

896,845

878,408

805,666

771,789

752,012

723,103

696,429

668,126

628,433

593,043

585,304

557,630

532,088

515,195

498,047

492,767

460,975

429,138

417,945

411,929

396,912

381,956

376,633

364,980

352,699

338,074

346,721

337,608

324,315

310,293

306,281

298,880

298,457

294,876

295,834

288,364

278,538

271,712

270,405

268,212

264,390

262,323

264,591

264,648

305,383

307,067

312,784

307,714

304,527

305,487

305,984

303,093

296,596

291,274

286,471

285,902

274,937

265,697

262,578

262,558

254,622

243,949

242,714

236,024

227,772

218,532

213,523

230,456

223,307

218,327

216,597

211,260

207,475

202,751

200,660

203,191

202,812

200,105

205,086

205,339

201,545

196,558

413,821

410,730

404,821

401,530

400,239

416,702

419,631

422,800

419,000

422,700

407,600

390,400

379,900

334,300

286,700

241,700

212,700

195,300

Common Stock

0
0
0
0
0
0
0
0
0
0
400
400
393
393
393
393
393
393
393
393
393
393
393
393
393
393
393
393
393
393
393
393
396
396
397
400
403
407
407
407
409
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411
411

411

409

407

403

400

397

396

393

400

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,831
-21,738
-19,991
-21,020
-16,552
-10,879
-6,528
-3,996
1,909
11,230
14,768
13,073
15,402
20,937
29,384
32,213
43,375
58,603
69,390
76,719
91,866
109,718
123,984
128,853
144,028
163,518
168,269
182,142
211,715
247,086
268,904
285,264
305,745
338,305
368,685
382,042
417,707
463,962
502,810
525,138
553,925
595,872
628,774
710,863
748,083
804,585
854,644
905,606
967,930
0
0

967,930

905,606

854,644

804,585

748,083

710,863

628,774

595,872

553,925

525,138

502,810

463,962

417,707

382,042

368,685

338,305

305,745

285,264

268,904

247,086

211,715

182,142

168,269

163,518

144,028

128,853

123,984

109,718

91,866

76,719

69,390

58,603

43,375

32,213

29,384

20,937

15,402

13,073

14,768

11,230

1,909

-3,996

-6,528

-10,879

-16,552

-21,020

-19,991

-21,738

14,831

Accumulated Other Comprehensive Income

-129,369

-119,221

-108,310

-97,136

-87,642

-79,638

-74,115

-68,670

-62,854

-53,533

-109

-145

-181

-48,236

-217

-252

-290

-326

-363

-142

-130

-37,852

-35,335

-35,535

-1,135

-1,266

-1,279

-2,055

-1,587

-1,517

-1,608

-487

-540

-535

-520

-551

-785

-532

-932

-826

-66,873

-59,859

-60,236

-58,680

-56,337

-55,400

-54,900

-50,600

-48,900

-47,300

-45,300

-25,100

-19,600

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
326,181
324,617
323,608
322,273
320,585
319,132
317,534
316,440
316,727
317,184
318,123
318,807
319,213
319,659
320,084
320,844
322,015
322,784
323,765
310,062
310,448
310,930
309,625
311,481
311,692
312,312
312,784
315,907
316,235
316,354
316,479
319,691
319,879
320,157
320,168
323,103
322,419
322,304
322,451
326,143
326,179
326,493
327,061
331,978
331,375
331,710
332,080
338,884
338,413
338,830
0

338,830

338,413

338,884

332,080

331,710

331,375

331,978

327,061

326,493

326,179

326,143

322,451

322,304

322,419

323,103

320,168

320,157

319,879

319,691

316,479

316,354

316,235

315,907

312,784

312,312

311,692

311,481

309,625

310,930

310,448

310,062

323,765

322,784

322,015

320,844

320,084

319,659

319,213

318,807

318,123

317,184

316,727

316,440

317,534

319,132

320,585

322,273

323,608

324,617

326,181

Treasury Stock

-195,290

-191,411

-187,212

-185,574

-183,024

-164,844

-150,580

-150,987

-128,503

-128,589

-129,243

-118,551

-112,104

-112,513

-103,960

-101,243

-93,947

-90,171

-87,747

-71,084

-67,386

-69,322

-63,519

-64,312

-59,219

-58,789

-57,387

-56,079

-50,026

-49,118

-46,845

-44,190

-41,486

-43,175

-43,598

-42,127

-36,569

-37,415

-37,468

-40,461

-40,509

-41,143

-41,012

-40,452

-40,054

-39,341

-39,437

-38,642

-36,040

-32,754

-34,714

-35,200

-34,399

-33,092

-33,810

-30,324

-29,338

-26,174

-27,069

-15,940

-16,431

-11,532

-9,973

-2,721

-220

-18

-306

-316

-148

-3,060

-3,138

-4,901

-6,305

-7,845

-8,126

-8,277

-8,214

-8,718

-8,804

-9,516

-10,924

-11,728

-13,119

-12,923

-14,273

-12,009

Other Stockholders Equity

0
0
195,300
225,600
256,700
293,400
346,300
381,600
387,200
391,400
397,500
386,100
386,841
386,920
389,236
388,663
388,854
388,854
389,121
396,135
396,126
396,345
396,399
330,392
329,993
330,096
330,315
331,300
332,295
333,966
334,170
337,571
339,237
338,763
339,767
340,264
375,343
376,658
375,948
374,924
374,391
374,561
371,019
364,875
322,031
316,090
313,511
301,552
299,377
296,290
295,134
340,348
291,751
290,998
290,695
291,753
293,101
290,141
285,975
347,025
282,932
280,531
278,680
345,192
275,297
276,218
276,723
354,770
281,392
282,644
277,532
356,124
277,669
280,529
278,594
364,562
260,944
260,422
254,851
349,374
252,692
252,473
248,000
357,575
246,585
248,849
245,270
347,953
229,520
225,932
218,914
345,577
210,590
210,315
203,753
193,208
197,554
197,676
175,506
176,481
167,134
148,351
146,136
144,868
147,473
143,123
141,745
129,755

129,755

141,745

143,123

147,473

144,868

146,136

148,351

167,134

176,481

175,506

197,676

197,554

193,208

203,753

210,315

210,590

345,577

218,914

225,932

229,520

347,953

245,270

248,849

246,585

357,575

248,000

252,473

252,692

349,374

254,851

260,422

260,944

364,562

278,594

280,529

277,669

356,124

277,532

282,644

281,392

354,770

276,723

276,218

275,297

345,192

278,680

280,531

282,932

347,025

285,975

290,141

293,101

291,753

290,695

290,998

291,751

340,348

295,134

296,290

299,377

301,552

313,511

316,090

322,031

364,875

371,019

374,561

374,391

374,924

375,948

376,658

375,343

340,264

339,767

338,763

339,237

337,571

334,170

333,966

332,295

331,300

330,315

330,096

329,993

330,392

396,399

396,345

396,126

396,135

389,121

388,854

388,663

389,236

386,920

386,841

386,100

397,500

391,400

387,200

381,600

346,300

293,400

256,700

225,600

195,300

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31
Accounts Payable	419,962	337,385	254,788	204,145	196,195	176,167	132,011	103,440	106,684	106,211	100,825	100,641	114,255	101,134	83,848	98,400	195,102	147,129	72,154	64,771	58,566	66,570	101,566	114,613	96,000	74,200	22,800
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
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
Accumulated Other Comprehensive Income	0	0	0	0	-129,369	-119,221	-108,310	-97,136	-87,642	-79,638	-74,115	-68,670	-62,854	-53,533	-48,236	-326	-37,852	-35,335	-1,135	-1,587	-540	-785	-66,873	-59,859	-55,400	-47,300	-19,600
Additional Paid In Capital	0	0	0	0	0	0	323,765	309,625	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	212,562	132,895	126,751	97,162	86,713	0	0	93	256	529	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	411	411	411	411	411	411	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	332,080	327,061	322,451	320,168	316,479	312,784	309,625	323,765	320,084	318,123	317,534	323,608	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	205,150	57,214	58,776	54,896	50,788	45,620	36,542	32,074	56,464	32,064	52,054	40,757	51,237	86,346	127,850	117,015	139,631	90,286	55,593	32,576	10,136	6,104	10,625	16,021	3,700	7,000	14,500
Cash And Equivalents	0	57,214	58,776	54,896	50,788	45,620	36,542	32,074	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	205,150	57,214	58,776	54,896	50,788	45,620	36,542	32,074	56,464	32,064	52,054	40,757	51,237	86,346	127,850	117,015	139,631	90,286	55,593	32,576	10,136	6,104	10,625	16,021	3,700	7,000	14,500
Common Stock	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	407	400	393	393	393	393	393	400	0	0
Common Stock Shares Outstanding	35,895	36,046	36,450	36,738	37,131	37,592	37,672	37,811	37,868	37,797	37,536	37,259	37,389	37,790	38,451	40,025	41,334	41,146	39,298	39,505	37,193	38,153	37,497	37,451	39,699	34,329	19,091
Common Stock Total Equity	0	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	407	400	393	393	393	393	393	400	0	0
Current Deferred Revenue	909,538	461,781	321,114	226,237	172,424	130,986	106,005	83,985	85,397	77,446	64,588	73,814	63,882	71,571	64,924	73,128	64,056	0	0	22,834	22,700	22,830	42,596	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	17,634	22,966	27,170	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	1,745	1,339	1,425	1,387	2,263	2,289	1,810	10,817	9,941	7,954	4,541	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	666,834	611,789	592,114	464,392	332,447	235,182	200,584	149,208	143,874	140,341	114,588	114,588	107,093	147,818	100,194	90,940	68,621	62,954	62,954	100,123	104,034	113,427	438,448	450,493	0	0	0
Intangible Assets	280,397	273,901	304,781	231,807	159,974	95,275	76,044	42,435	41,079	45,666	37,383	44,515	48,349	39,616	19,380	16,281	70,808	62,954	62,954	100,123	104,034	113,427	438,448	450,493	474,500	430,500	163,100
Inventory	65,538	35,309	21,853	13,472	10,053	12,416	10,303	9,208	7,941	8,646	8,430	9,638	10,631	9,365	9,817	11,629	9,397	8,762	8,107	10,590	9,838	12,415	18,253	19,399	20,900	14,800	6,200
Liabilities And Stockholders Equity	3,305,579	2,597,478	2,209,114	1,757,355	1,505,012	1,062,564	881,120	708,903	691,594	665,750	601,822	580,754	591,066	640,020	574,948	598,492	547,067	460,874	408,683	383,116	351,110	366,535	876,625	926,410	943,300	789,300	287,800
Long Term Debt	39,345	247,245	385,242	235,733	205,318	73,639	59,926	1,955	10,500	39,500	0	2,100	14,749	28,669	6,441	9,363	1,125	0	0	6,751	8,809	10,604	201,423	265,535	0	0	0
Long Term Debt Total	0	247,245	385,242	235,733	205,318	73,639	59,926	2,048	10,756	40,029	0	2,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Net Debt	51,624	199,031	456,005	180,837	262,060	31,298	23,997	-29,263	-44,957	8,282	-50,054	-33,357	-35,856	-56,410	-120,242	-106,316	-138,131	-90,286	-55,593	-23,754	267	6,280	194,507	258,580	302,100	229,500	6,700
Net Invested Capital	1,322,041	1,256,168	1,193,696	932,162	811,439	574,965	478,484	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	1,586,103	1,128,323	922,988	683,762	714,947	528,759	412,983	348,206	333,390	331,195	295,592	283,163	273,587	250,119	229,229	273,655	287,120	263,472	226,712	178,785	173,110	176,284	356,199	340,031	368,200	276,500	73,700
Net Tangible Assets	0	114,233	-91,229	230	92,883	167,590	141,317	184,990	161,768	120,274	143,863	111,302	109,149	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	189,895	136,869	190,767	118,948	182,187	142,642	115,629	98,276	118,882	130,555	127,559	103,966	109,311	134,738	164,125	146,546	168,930	158,225	130,239	100,961	83,638	75,740	149,581	173,219	172,500	133,400	57,300
Non Current Assets Total	1,394,479	1,289,807	1,181,793	945,503	714,828	452,864	391,763	292,946	267,321	252,558	204,825	208,201	203,784	237,072	161,793	153,561	96,444	84,489	83,284	122,387	128,173	143,142	473,745	493,116	530,700	476,700	176,900
Non Current Liabilities Other	77,944	179,508	179,907	130,950	104,968	22,433	27,258	10,252	8,632	10,874	8,421	14,807	25,448	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	306,545	426,753	566,894	368,022	311,711	97,459	89,447	14,589	21,198	61,720	18,362	24,861	29,989	59,026	19,934	13,636	2,796	0	0	6,751	11,151	13,796	209,505	266,096	284,200	230,200	21,500
Non Currrent Assets Other	10,945	142,003	8,683	132,098	6,615	22,789	4,578	5,938	21,555	10,792	5,993	7,682	6,329	6,018	2,827	2,009	6,381	6,031	7,486	9,276	10,908	13,604	2,517	2,538	14,200	11,800	1,800
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	18,284	15,112	18,188	16,901	18,515	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	129,502	31,588	132,098	28,538	22,789	27,544	33,108	21,555	10,792	5,993	7,682	6,329	6,018	2,827	2,009	4,194	6,031	7,486	9,276	10,908	13,604	2,517	2,538	0	0	0
Other Current Assets	54,309	122,134	23,704	73,194	14,396	35,321	39,832	35,677	34,419	49,757	49,012	47,051	27,163	26,648	20,432	19,223	14,475	221	23,498	25,440	16,162	17,964	17,803	57,843	19,800	14,300	16,500
Other Current Liab	362,412	362,636	238,814	245,936	204,545	156,626	135,099	129,493	112,559	98,663	102,025	93,832	163,084	165,809	164,015	198,649	86,216	71,031	123,006	92,926	79,139	79,303	148,024	136,396	116,200	95,900	29,900
Other Liab	0	67,764	73,951	51,713	33,696	23,820	29,521	12,541	10,442	10,874	8,421	9,807	10,699	11,486	3,890	2,732	1,671	0	0	0	2,342	3,192	384	561	0	0	0
Other Stockholder Equity	129,755	144,868	176,481	193,208	216,208	347,953	249,265	252,238	276,920	276,486	280,655	276,522	284,171	291,753	292,112	301,552	327,023	339,589	340,264	337,571	331,300	330,392	329,262	328,804	330,700	334,300	206,000
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	631,229	464,215	418,135	211,933	193,869	99,618	87,591	68,195	60,813	55,759	46,861	41,416	42,013	43,620	34,671	35,908	21,442	15,504	12,844	12,988	13,231	16,111	32,780	40,085	42,000	34,400	12,000
Property Plant And Equipment Net	414,280	143,949	253,310	117,206	193,869	99,618	87,591	68,195	60,813	55,759	46,861	41,416	42,013	43,620	34,671	35,908	21,442	15,504	12,844	12,988	13,231	16,111	32,780	40,085	42,000	34,400	12,000
Property Plant Equipment	0	143,949	128,554	117,206	109,796	99,618	87,591	68,195	60,813	55,759	46,861	41,416	42,013	43,620	34,671	35,908	21,442	15,504	12,844	12,988	13,231	16,111	32,780	40,085	0	0	0
Retained Earnings	1,147,663	854,644	628,774	502,810	368,685	268,904	168,269	123,984	69,390	29,384	14,768	-6,528	-19,991	20,620	13,461	-15,166	-64,856	-97,282	-126,006	-119,780	-130,493	-124,914	84,166	71,042	87,900	45,600	6,700
Retained Earnings Total Equity	0	854,644	628,774	502,810	368,685	268,904	168,269	123,984	69,390	29,384	14,768	-6,528	-19,991	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	4,867	9,000	2,788	0	20,817	3,279	613	600	500	40,346	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	256,774	256,245	514,781	235,733	312,848	76,918	60,539	2,811	11,507	40,346	2,000	7,400	15,381	29,936	7,608	10,699	1,500	0	0	8,822	10,403	12,384	205,132	274,601	305,800	236,500	21,200
Short Term Debt	29,293	9,000	21,838	16,586	34,833	3,279	613	763	751	317	2,000	300	632	1,267	1,167	1,336	375	0	0	2,071	1,594	1,780	3,709	9,066	27,900	9,100	900
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	2,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	3,305,579	2,597,478	2,209,114	1,757,355	1,505,012	1,062,564	881,120	708,903	691,594	665,750	601,822	580,754	591,066	640,020	574,948	598,492	547,067	460,874	408,683	383,116	351,110	366,535	876,625	926,410	943,300	789,300	287,800
Total Current Assets	1,911,100	1,307,671	1,027,321	811,852	790,184	609,700	489,357	415,957	424,273	413,192	396,997	372,553	387,282	402,948	413,155	444,931	450,623	376,385	325,399	260,729	222,937	223,393	402,880	433,294	412,600	312,600	110,900
Total Current Liabilities	1,721,205	1,170,802	836,554	692,904	607,997	467,058	373,728	317,681	305,391	282,637	269,438	268,587	277,971	268,210	249,030	298,385	281,693	218,160	195,160	159,768	139,299	147,653	253,299	260,075	240,100	179,200	53,600
Total Liab	2,027,750	1,597,555	1,403,448	1,060,926	919,708	564,517	463,175	332,270	326,589	344,357	287,800	293,448	307,960	327,236	268,964	312,021	284,489	218,160	195,160	166,519	150,450	161,449	462,804	526,171	524,300	409,400	75,100
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,277,829	999,923	805,666	696,429	585,304	498,047	417,945	376,633	346,721	306,281	295,834	270,405	264,591	312,784	305,984	286,471	262,578	242,714	213,523	216,597	200,660	205,086	413,821	400,239	419,000	379,900	212,700
Treasury Stock	0	-187,212	-150,580	-129,243	-103,960	-87,747	-63,519	-57,387	-46,845	-43,598	-37,468	-41,012	-39,437	-34,714	-33,810	-27,069	-9,973	0	0	-148	-6,305	-8,214	-10,924	-13,119	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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31
Accounts Payable	419,962	441,128	396,181	351,509	337,385	330,288	293,964	267,246	254,788	236,387	207,453	184,499	204,145	176,484	202,075	184,627	196,195	176,624	165,119	136,115	176,167	150,880	145,374	128,249	132,011	122,203	124,326	98,132	103,440	106,165	116,101	106,536	106,684	106,061	117,780	109,478	106,211	99,232	108,359	96,779	100,825	95,667	101,248	100,565	100,641	92,994	109,833	105,801	114,255	101,421	98,202	88,581	101,134	94,522	78,038	77,620	83,848	75,291	84,972	80,310	98,400	213,543	222,666	195,577	195,102	169,371	161,102	140,778	147,129	149,970	147,173	67,945	72,154	69,153	73,150	60,005	64,771	58,894	57,811	55,171	58,566	57,528	64,215	53,759	66,570	57,915	62,647	56,312	101,566	116,476	110,253	102,162	114,613	119,814	114,727	95,763	96,000	88,800	89,100	74,300	74,200	56,700	41,600	29,900	22,800	14,900	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Accumulated Other Comprehensive Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-129,369	0	0	0	-119,221	0	0	0	-108,310	0	0	0	-97,136	0	0	0	-87,642	0	0	0	-79,638	0	0	0	-74,115	0	0	0	-68,670	0	0	0	-62,854	0	0	-53,533	-53,533	-109	-145	-181	-48,236	-217	-252	-290	-326	-363	-142	-130	-37,852	-35,335	-35,335	-35,335	-35,335	-35,535	-35,535	-35,535	-1,135	-1,266	-1,279	-2,055	-1,587	-1,517	-1,608	-487	-540	-535	-520	-551	-785	-532	-932	-826	-66,873	-59,859	-59,859	-59,859	-59,859	-60,236	-58,680	-56,337	-55,400	-54,900	-50,600	-48,900	-47,300	-45,300	-25,100	-25,100	-19,600	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	323,765	323,765	323,765	323,765	309,625	310,930	310,448	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	212,562	191,451	115,302	115,018	132,895	114,443	113,650	107,033	126,751	88,923	81,060	82,661	97,162	81,638	83,753	70,410	86,713	73,213	70,095	62,028	0	0	0	0	0	33	45	68	93	123	157	200	256	313	396	463	529	606	614	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	411	411	411	411	411	411	411	411	411	411	411	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	338,830	338,413	338,884	332,080	331,710	331,375	331,978	327,061	326,493	326,179	326,143	322,451	322,304	322,419	323,103	320,168	320,157	319,879	319,691	316,479	316,354	316,235	315,907	312,784	312,312	311,692	311,481	309,625	310,930	310,448	310,062	323,765	322,784	322,015	320,844	320,084	319,659	319,213	318,807	318,123	317,184	316,727	316,440	317,534	319,132	320,585	322,273	323,608	324,617	326,181	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	205,150	137,623	60,007	48,560	57,214	71,139	69,129	115,615	58,776	67,721	53,659	52,116	54,896	70,540	53,253	133,264	50,788	40,363	36,787	29,130	45,620	19,248	28,001	25,219	36,542	29,496	34,465	31,444	32,074	25,337	38,282	43,540	56,464	45,072	40,714	38,892	32,064	43,882	49,759	40,650	52,054	45,305	23,346	25,435	40,757	35,665	28,811	27,873	51,237	43,692	50,101	63,636	86,346	44,661	107,602	109,770	127,850	139,863	120,415	108,149	117,015	102,300	101,508	88,636	139,631	97,727	87,932	69,038	90,286	68,918	67,091	58,361	55,593	33,709	26,455	22,454	32,576	20,493	16,705	5,119	10,136	7,820	11,415	11,329	6,104	10,625	12,624	9,855	10,625	15,135	17,152	21,810	16,021	7,700	8,902	8,344	3,700	7,600	4,400	3,800	7,000	9,700	6,300	5,700	14,500	37,100	-	-
Cash And Equivalents	0	137,623	60,007	48,560	57,214	71,139	69,129	115,615	58,776	67,721	53,659	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	205,150	137,623	60,007	48,560	57,214	71,139	69,129	115,615	58,776	67,721	53,659	52,116	54,896	70,540	53,253	133,264	50,788	40,363	36,787	29,130	45,620	19,248	28,001	25,219	36,542	29,496	34,465	31,444	32,074	25,337	38,282	43,540	56,464	45,072	40,714	38,892	32,064	43,882	49,759	40,650	52,054	45,305	23,346	25,435	40,757	35,665	28,811	27,873	51,237	43,692	50,101	63,636	86,346	44,661	107,602	109,770	127,850	139,863	120,415	108,149	117,015	102,300	101,508	88,636	139,631	97,727	87,932	69,038	90,286	68,918	67,091	58,361	55,593	33,709	26,455	22,454	32,576	20,493	16,705	5,119	10,136	7,820	11,415	11,329	6,104	10,625	12,624	9,855	10,625	15,135	17,152	21,810	16,021	7,700	8,902	8,344	3,700	7,600	4,400	3,800	7,000	9,700	6,300	5,700	14,500	37,100	-	-
Common Stock	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	409	407	407	407	403	400	397	396	396	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	400	400	0	0	0	0	0	0	0	0	-	-
Common Stock Shares Outstanding	35,852	35,917	35,906	35,907	35,948	35,972	36,073	36,188	36,434	36,434	36,566	36,499	36,561	36,750	36,737	36,905	36,674	37,051	37,223	37,234	37,467	37,667	37,605	37,628	37,634	37,626	37,705	37,724	37,684	37,821	37,911	37,830	37,938	38,007	37,917	37,605	37,438	37,924	37,880	37,890	37,808	37,631	37,365	37,333	37,238	37,332	37,247	37,056	37,056	37,325	37,742	37,537	37,537	37,794	37,848	37,819	37,533	38,382	38,533	38,687	38,279	40,048	40,359	40,484	39,839	41,479	41,407	41,303	40,499	41,242	41,209	40,862	39,857	40,382	40,107	40,062	38,990	39,455	39,998	39,443	38,136	38,454	37,983	37,622	37,622	38,131	38,476	37,531	37,531	37,773	37,431	37,531	37,385	37,265	37,496	37,560	37,560	39,531	40,644	38,824	38,824	34,839	32,308	28,333	28,333	27,692	18,667	16,000
Common Stock Total Equity	0	0	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	411	409	407	407	407	403	400	397	396	396	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	393	400	400	0	0	0	0	0	0	0	0	-	-
Current Deferred Revenue	909,538	775,302	696,371	717,294	461,781	411,942	386,258	316,478	321,114	244,578	255,357	248,397	226,237	217,454	226,047	215,106	172,424	167,097	165,289	120,290	130,986	131,152	133,962	107,939	106,005	103,049	99,536	76,834	83,985	81,408	88,116	83,810	85,397	80,401	90,322	82,306	77,446	72,856	73,774	58,407	64,588	62,566	76,083	75,284	73,814	68,215	0	64,634	63,882	0	0	67,905	71,571	72,322	57,925	0	64,924	69,291	0	63,426	73,128	71,554	63,845	54,830	64,056	0	0	0	0	0	0	0	0	0	25,066	20,271	22,834	21,670	19,267	19,280	22,700	22,915	21,508	19,445	22,830	23,232	19,813	17,689	42,596	43,051	37,850	33,229	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	17,485	17,634	20,018	17,138	16,890	22,966	0	0	0	27,170	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,745	1,745	1,745	1,745	1,339	1,339	1,339	1,339	3,365	3,365	1,425	1,425	1,387	1,387	1,387	1,387	4,835	4,835	4,835	2,263	2,289	2,289	2,289	2,289	1,810	1,810	1,810	1,810	9,637	9,841	10,204	10,817	7,167	9,099	8,936	9,941	8,596	8,267	7,589	7,954	7,117	6,485	5,131	4,541	11,599	18,907	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Good Will	666,834	637,487	637,487	637,434	611,789	611,039	611,000	593,947	592,114	526,964	472,046	472,778	464,392	420,782	420,782	347,391	332,447	332,200	332,562	235,860	235,182	231,190	205,162	203,199	200,584	203,771	203,223	148,103	149,208	148,140	147,512	147,297	143,874	143,674	143,569	143,569	140,341	138,052	138,364	114,588	114,588	114,588	114,588	114,588	114,588	114,588	114,593	107,093	107,093	93,640	148,986	149,090	147,818	148,518	98,759	103,235	100,194	95,590	95,666	94,605	90,940	88,872	85,956	82,503	68,621	65,833	65,833	65,960	62,954	62,954	62,954	62,954	62,954	100,123	100,123	100,123	100,123	103,470	103,470	104,034	104,034	109,471	112,545	112,545	113,427	113,427	113,427	113,427	438,448	0	0	0	450,493	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Intangible Assets	280,397	274,128	285,057	296,070	273,901	285,094	296,538	291,990	304,781	268,099	221,584	230,408	231,807	201,998	210,164	167,675	159,974	166,736	173,996	91,073	95,275	98,712	77,968	78,332	76,044	78,527	83,269	40,873	42,435	44,993	47,028	49,140	41,079	42,491	44,123	46,012	45,666	46,259	48,319	36,504	37,383	39,107	40,846	42,586	44,515	46,795	49,206	46,284	48,349	36,099	37,388	39,088	39,616	41,549	18,412	19,387	19,380	13,841	14,551	15,459	16,281	18,482	14,753	14,378	70,808	65,833	65,833	65,960	62,954	62,954	62,954	62,954	62,954	100,123	100,123	100,123	100,123	103,470	103,470	104,034	104,034	109,471	112,545	112,545	113,427	113,427	113,427	113,427	438,448	441,459	444,469	447,547	450,493	458,064	468,179	471,275	474,500	471,100	453,900	445,700	430,500	310,500	273,100	205,700	163,100	140,800	-	-
Inventory	65,538	53,899	41,619	37,013	35,309	38,149	31,246	24,918	21,853	19,908	18,837	15,653	13,472	12,700	12,212	10,312	10,053	12,667	12,734	12,908	12,416	12,795	11,986	11,029	10,303	10,778	10,571	9,958	9,208	9,719	9,953	9,783	7,941	9,052	10,204	10,027	8,646	8,937	9,084	8,893	8,430	9,336	9,651	9,601	9,638	9,908	10,465	10,699	10,631	9,742	10,062	9,637	9,365	9,637	9,290	9,259	9,817	9,412	10,179	10,899	11,629	11,396	11,851	10,863	9,397	10,077	9,963	10,309	8,762	9,609	9,569	8,276	8,107	9,196	9,831	10,376	10,590	10,510	10,778	10,628	9,838	10,279	10,692	11,201	12,415	12,508	13,170	13,997	18,253	19,670	18,957	19,035	19,399	19,908	20,581	20,090	20,900	19,000	17,800	16,400	14,800	13,200	10,300	7,000	6,200	5,600	-	-
Liabilities And Stockholders Equity	3,305,579	3,140,619	2,915,117	2,839,471	2,597,478	2,549,473	2,439,622	2,308,413	2,209,114	1,951,334	1,754,950	1,715,530	1,757,355	1,677,969	1,675,443	1,618,067	1,505,012	1,467,460	1,444,596	1,080,032	1,062,564	1,059,940	959,166	882,718	881,120	884,587	893,155	687,612	708,903	717,742	729,013	708,969	691,594	694,526	703,049	678,804	665,750	656,406	668,111	588,844	601,822	594,454	595,246	583,608	580,754	591,726	604,621	576,058	591,066	565,646	621,544	616,275	640,020	641,233	548,487	556,119	574,948	581,326	590,774	568,406	598,492	614,930	604,330	564,389	547,067	506,068	484,402	446,248	460,874	452,236	434,925	399,140	408,683	416,192	400,086	377,078	383,116	370,751	358,090	344,819	351,110	358,096	359,427	354,735	366,535	369,246	381,362	381,371	876,625	919,294	909,195	910,849	926,410	981,331	978,581	950,161	943,300	928,300	868,300	812,500	789,300	600,600	491,000	361,800	287,800	250,600	-	-
Long Term Debt	39,345	33,932	133,945	197,761	247,245	378,192	403,192	412,079	385,242	266,772	156,272	171,752	235,733	222,213	231,442	333,113	205,318	228,167	284,667	74,483	73,639	93,672	57,864	64,880	59,926	80,951	103,468	693	1,955	27,480	38,505	53,530	10,500	11,000	19,000	37,000	39,500	42,000	52,000	7,000	0	5,000	2,100	2,100	2,100	24,049	28,649	14,649	14,749	27,369	27,619	27,619	28,669	29,900	4,375	5,042	6,441	6,607	7,972	8,639	9,363	13,125	11,125	9,874	1,125	0	0	0	0	0	0	0	0	0	219	6,235	6,751	7,273	7,806	8,292	8,809	10,732	9,421	19,274	10,604	14,768	426	15,892	201,423	227,989	238,411	260,666	265,535	283,256	282,756	291,274	0	0	0	0	0	0	0	0	0	0	-	-
Long Term Debt Total	0	33,932	133,945	197,761	247,245	378,192	403,192	412,079	385,242	266,772	156,272	171,752	235,733	222,213	231,442	333,113	205,318	228,167	284,667	74,483	73,639	93,672	57,864	64,880	59,926	80,984	103,513	761	2,048	27,603	38,662	53,730	10,756	11,313	19,396	37,463	40,029	42,606	52,614	7,000	0	5,000	2,100	2,100	2,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Debt	51,624	101,093	202,574	275,687	199,031	424,010	450,161	403,904	456,005	205,009	187,908	202,297	180,837	233,381	262,027	271,109	262,060	274,864	258,260	110,136	31,298	77,703	30,976	40,774	23,997	52,196	70,273	-29,440	-29,263	2,556	1,197	11,031	-44,957	-33,399	-21,031	-1,130	8,282	-948	3,144	-31,650	-50,054	-38,305	-17,946	-18,035	-33,357	-11,316	470	-25,173	-35,856	-15,513	-21,722	-60,636	-56,410	-13,344	-100,911	-102,412	-120,242	-131,238	-111,425	-98,492	-106,316	-87,467	-88,675	-73,961	-138,131	-97,727	-87,932	-69,038	-90,286	-68,918	-67,091	-58,361	-55,593	-33,709	-26,171	-14,151	-23,754	-11,144	-6,823	5,263	267	7,297	172	9,925	6,280	5,732	17,044	38,974	194,507	218,773	227,433	251,563	258,580	291,276	293,580	307,584	302,100	294,500	263,800	247,800	229,500	125,100	99,000	45,300	6,700	-13,400	-	-
Net Invested Capital	1,322,041	1,254,427	1,258,743	1,262,719	1,256,168	1,331,838	1,302,485	1,290,894	1,193,696	272,730	912,519	894,855	932,162	890,409	859,960	927,006	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,586,103	1,578,023	1,348,215	1,326,261	1,128,323	1,221,431	1,109,012	967,723	922,988	775,074	735,554	680,991	683,762	717,743	716,587	720,255	714,947	688,584	644,498	494,047	528,759	561,307	516,653	449,410	412,983	443,481	446,522	349,054	348,206	380,669	369,032	355,642	333,390	356,667	369,097	347,147	331,195	331,765	340,084	310,051	295,592	308,759	321,142	315,040	283,163	306,473	285,333	305,774	273,587	259,769	255,286	275,661	250,119	285,016	229,959	205,109	229,229	236,936	257,077	252,575	273,655	327,878	329,356	302,154	287,120	295,718	285,614	265,753	263,472	275,143	262,779	211,424	226,712	210,640	202,703	181,709	178,785	181,115	170,792	168,995	173,110	175,672	170,213	162,753	176,284	192,889	178,914	196,834	356,199	394,298	377,435	368,243	340,031	414,649	406,840	307,055	368,200	358,700	329,800	284,700	276,500	220,000	143,400	114,000	73,700	47,400	-	-
Net Tangible Assets	0	295,547	188,920	119,986	114,233	54,999	-10,693	-7,529	-91,229	-23,274	58,382	19,917	230	45,346	-2,513	77,977	92,883	58,694	25,530	188,262	167,590	162,865	177,845	147,607	141,317	129,631	110,420	192,980	184,990	171,847	158,159	141,637	161,768	151,443	136,623	120,712	120,274	114,569	111,774	143,784	143,863	134,669	123,104	114,538	111,302	106,829	100,591	108,946	109,149	134,909	119,009	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	189,895	183,245	18,847	52,365	136,869	314,086	270,043	282,430	190,767	162,449	97,990	70,884	118,948	155,953	111,019	278,818	182,187	172,670	199,532	147,429	142,642	153,833	143,511	125,757	115,629	121,575	121,753	103,410	98,276	109,166	107,942	107,808	118,882	128,804	122,361	129,985	130,555	131,017	143,262	133,084	127,559	122,577	113,657	107,010	103,966	116,151	114,395	107,284	109,311	132,250	127,835	126,668	134,738	125,585	163,473	160,670	164,125	164,767	156,277	150,067	146,546	145,721	143,821	137,780	168,930	173,020	166,017	155,547	158,225	153,537	144,334	134,851	130,239	109,186	101,691	101,743	100,961	96,072	91,563	86,445	83,638	82,465	75,757	81,829	75,740	76,373	57,114	66,111	149,581	159,381	160,070	172,908	173,219	198,124	191,451	194,367	172,500	179,100	163,600	144,100	133,400	117,300	89,900	64,800	57,300	65,500	-	-
Non Current Assets Total	1,394,479	1,328,387	1,414,794	1,380,447	1,289,807	1,191,382	1,201,399	1,168,784	1,181,793	1,046,623	935,550	952,958	945,503	866,673	882,938	739,624	714,828	717,058	718,014	522,760	452,864	460,261	397,343	390,925	391,763	389,210	395,986	291,159	292,946	294,878	294,474	294,285	267,321	256,586	256,227	255,998	252,558	246,406	244,615	204,672	204,825	205,228	206,018	206,375	208,201	212,246	214,380	202,533	203,784	177,644	235,644	237,593	237,072	241,343	155,578	162,366	161,793	150,610	153,287	154,474	153,561	156,149	145,799	140,949	96,444	90,795	90,177	89,861	84,489	82,487	83,438	83,681	83,284	121,270	121,835	122,819	122,387	125,261	126,432	127,651	128,173	134,823	139,561	140,481	143,142	143,759	145,130	146,609	473,745	479,779	484,680	489,852	493,116	509,166	519,037	528,144	530,700	523,100	504,400	494,000	476,700	347,100	302,600	228,500	176,900	150,700	-	-
Non Current Liabilities Other	77,944	72,438	188,232	181,561	179,508	174,399	169,660	158,982	179,907	170,511	42,857	127,648	130,950	128,922	130,717	90,861	104,968	102,544	99,404	79,124	22,433	22,820	17,180	17,829	27,258	15,583	15,025	9,563	10,252	9,651	9,245	8,479	8,632	8,203	7,838	11,129	10,874	10,898	9,395	8,068	8,421	7,996	13,154	14,920	14,807	36,961	41,445	25,487	25,448	33,647	39,189	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	306,545	304,470	322,177	379,322	426,753	554,336	574,597	572,806	566,894	437,283	281,528	300,739	368,022	354,500	365,524	425,399	311,711	332,098	385,458	154,994	97,459	121,327	79,879	87,544	89,447	98,856	120,827	12,613	14,589	39,064	49,717	64,019	21,198	29,153	37,075	58,796	61,720	60,671	71,108	24,004	18,362	21,592	23,521	24,609	24,861	44,078	47,930	30,618	29,989	45,246	58,096	57,194	59,026	59,214	14,524	17,549	19,934	12,284	12,968	13,267	13,636	15,968	14,683	13,032	2,796	1,257	1,572	1,459	600	0	0	0	0	0	219	6,235	6,751	10,073	10,520	11,345	11,151	14,097	12,506	22,205	13,796	14,793	699	16,162	209,505	228,430	239,929	261,230	266,096	290,588	290,857	299,711	284,200	279,500	260,400	247,700	230,200	130,100	105,800	51,600	21,500	20,900	-	-
Non Currrent Assets Other	10,945	11,111	12,064	11,465	142,003	10,650	10,740	9,623	8,683	136,022	8,847	8,140	132,098	7,291	7,004	6,480	6,615	5,458	103,113	22,737	22,789	7,381	5,177	4,206	27,544	4,747	5,238	5,343	33,108	6,068	34,881	6,051	21,555	10,902	10,922	10,777	10,792	6,387	5,846	5,811	5,993	6,590	8,062	7,705	7,682	8,822	8,330	8,349	6,329	7,430	8,231	6,758	6,018	-12,938	-3,615	-5,976	-6,776	1,506	8,070	1,778	2,009	13,976	12,458	14,215	6,381	5,684	6,531	6,815	6,031	4,336	6,421	7,180	7,486	7,258	7,808	8,738	9,276	9,262	9,996	10,257	10,908	11,298	12,185	12,575	13,604	13,789	14,389	14,238	2,517	2,854	3,018	3,610	2,538	4,842	5,543	13,808	14,200	11,800	11,800	12,500	11,800	10,500	9,600	8,200	1,800	1,300	-	-
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	18,284	18,629	17,198	16,894	15,112	17,872	18,312	18,876	18,188	17,849	17,616	17,064	16,901	16,107	16,455	16,876	18,515	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	20,770	186,629	157,167	129,502	21,977	28,534	30,200	31,588	136,022	32,799	37,951	132,098	28,947	32,837	28,283	28,538	25,712	22,480	22,737	22,789	27,399	22,315	302,627	304,172	314,327	321,447	222,566	224,751	228,388	229,421	231,728	206,508	197,067	198,614	200,358	196,799	190,698	192,529	156,903	157,964	160,285	163,496	164,879	166,785	170,205	172,129	161,726	161,771	137,169	194,605	194,936	193,452	197,185	123,681	129,040	127,122	116,527	118,287	119,321	117,653	121,330	113,167	111,096	75,002	71,517	72,364	72,775	68,985	67,290	69,375	70,134	70,440	107,381	107,931	108,861	109,399	112,732	113,466	114,291	114,942	120,769	124,730	125,120	127,031	127,216	127,816	127,665	440,965	444,313	447,487	451,157	453,031	462,906	473,722	485,083	0	0	0	0	0	0	0	0	0	0	-	-
Other Current Assets	54,309	42,687	50,482	47,190	122,134	27,372	28,836	31,373	23,704	61,916	11,350	13,812	73,194	10,313	10,453	14,612	14,396	8,788	45,297	34,095	35,321	6,329	5,183	6,135	39,832	39,333	40,653	35,974	35,677	36,239	27,225	34,350	34,419	36,535	33,744	31,476	49,757	25,416	38,663	32,873	49,012	30,497	44,140	35,099	47,051	27,434	76,097	29,179	27,163	84,541	80,513	29,748	26,648	26,379	22,098	78,874	20,432	17,811	59,995	17,613	19,223	17,207	15,816	21,787	14,475	5	7	7	221	741	992	25,718	23,498	27,339	26,209	25,734	25,440	22,825	22,271	18,638	16,162	17,925	15,996	18,265	17,964	1,248	21,741	1,586	17,803	10,412	2,086	2,198	57,843	29,908	23,221	86,528	19,800	19,900	11,900	13,600	14,300	10,600	28,400	6,600	16,500	9,800	-	-
Other Current Liab	362,412	399,224	375,590	326,388	362,636	299,261	285,510	273,068	238,814	255,339	254,365	106,096	245,936	261,335	253,279	199,042	204,545	220,164	186,262	150,683	156,626	160,535	137,863	128,735	135,099	147,842	150,329	116,834	129,493	125,835	121,563	115,689	112,559	122,314	116,072	100,738	98,663	106,567	97,812	93,902	102,025	106,416	97,940	94,074	93,832	101,820	165,381	95,506	99,202	153,521	159,103	95,228	94,238	106,044	91,157	153,147	99,091	119,349	195,220	119,111	125,521	26,255	26,491	30,452	22,160	72,882	67,106	60,062	71,031	66,242	59,980	112,663	123,006	116,583	78,279	70,172	70,092	66,778	60,941	54,182	56,439	55,980	56,220	57,241	56,473	66,378	67,416	61,713	105,428	114,688	110,168	99,991	136,396	138,507	133,640	107,233	116,200	111,200	100,300	93,300	95,900	72,700	56,400	38,400	29,900	16,400	-	-
Other Liab	0	79,087	0	66,543	67,764	61,701	57,755	53,694	73,951	170,511	44,196	46,326	51,713	50,649	50,329	21,876	33,696	30,718	30,696	18,483	23,820	27,655	22,015	17,829	27,258	15,583	15,025	9,563	10,252	9,651	9,245	8,479	8,632	8,203	7,838	11,129	10,874	10,898	9,395	8,068	8,421	7,996	10,154	9,920	9,807	12,912	12,796	10,838	10,699	6,278	11,570	11,344	11,486	12,091	3,801	3,834	3,890	5,677	4,996	4,628	2,732	2,843	3,558	3,158	1,671	1,257	1,572	1,459	0	0	0	0	0	0	0	0	0	2,800	2,714	3,053	2,342	3,365	3,085	2,931	3,192	25	273	270	384	441	566	564	561	586	1,257	1,593	0	0	0	0	0	0	0	0	0	0	-	-
Other Stockholder Equity	129,755	141,745	143,123	147,473	144,868	146,136	148,351	167,134	176,481	175,506	197,676	197,554	193,208	203,753	210,315	210,590	345,577	218,914	225,932	229,520	347,953	245,270	248,849	246,585	357,575	248,000	252,473	252,692	349,374	254,851	260,422	260,944	364,562	278,594	280,529	277,669	356,124	277,532	282,644	281,392	354,770	276,723	276,218	275,297	345,192	278,680	280,531	282,932	347,025	285,975	290,141	293,101	291,753	290,695	290,998	291,751	340,348	295,134	296,290	299,377	301,552	313,511	316,090	322,031	364,875	371,019	374,561	374,391	374,924	375,948	376,658	375,343	340,264	339,767	338,763	339,237	337,571	334,170	333,966	332,295	331,300	330,315	330,096	329,993	330,392	396,399	396,345	396,126	396,135	389,121	388,854	388,854	388,663	389,236	386,920	386,841	386,100	397,500	391,400	387,200	381,600	346,300	293,400	256,700	225,600	195,300	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Property Plant And Equipment Gross	631,229	396,002	305,621	289,776	464,215	271,672	0	0	0	0	209,121	211,821	211,933	214,946	219,155	196,275	193,869	192,410	188,976	173,090	99,618	102,960	91,898	88,298	87,591	74,883	74,539	68,593	68,195	66,490	65,053	62,557	60,813	59,519	57,613	55,640	55,759	55,708	52,086	47,769	46,861	44,943	42,522	41,496	41,416	42,041	42,251	40,807	42,013	40,475	41,039	42,657	43,620	44,158	31,897	33,326	34,671	34,083	35,000	35,153	35,908	34,819	32,632	29,853	21,442	19,278	17,813	17,086	15,504	15,197	14,063	13,547	12,844	13,889	13,904	13,958	12,988	12,529	12,966	13,360	13,231	14,054	14,831	15,361	16,111	16,543	17,314	18,944	32,780	35,466	37,193	38,695	40,085	46,260	45,315	43,061	42,000	40,200	38,700	35,800	34,400	26,100	19,900	14,600	12,000	8,600	-	-
Property Plant And Equipment Net	414,280	396,002	305,621	289,776	143,949	271,672	265,327	252,647	253,310	115,538	209,121	211,821	117,206	214,946	219,155	196,275	193,869	192,410	108,343	173,090	99,618	102,960	91,898	88,298	87,591	74,883	74,539	68,593	68,195	66,490	65,053	62,557	60,813	59,519	57,613	55,640	55,759	55,708	52,086	47,769	46,861	44,943	42,522	41,496	41,416	42,041	42,251	40,807	42,013	40,475	41,039	42,657	43,620	44,158	31,897	33,326	34,671	34,083	35,000	35,153	35,908	34,819	32,632	29,853	21,442	19,278	17,813	17,086	15,504	15,197	14,063	13,547	12,844	13,889	13,904	13,958	12,988	12,529	12,966	13,360	13,231	14,054	14,831	15,361	16,111	16,543	17,314	18,944	32,780	35,466	37,193	38,695	40,085	46,260	45,315	43,061	42,000	40,200	38,700	35,800	34,400	26,100	19,900	14,600	12,000	8,600	-	-
Property Plant Equipment	0	396,002	170,089	155,021	143,949	138,229	132,646	127,711	128,554	115,538	209,121	115,039	117,206	119,131	121,569	113,974	109,796	108,129	108,343	102,774	99,618	102,960	91,898	88,298	87,591	74,883	74,539	68,593	68,195	66,490	65,053	62,557	60,813	59,519	57,613	55,640	55,759	55,708	52,086	47,769	46,861	44,943	42,522	41,496	41,416	42,041	42,251	40,807	42,013	40,475	41,039	42,657	43,620	44,158	31,897	33,326	34,671	34,083	35,000	35,153	35,908	34,819	32,632	29,853	21,442	19,278	17,813	17,086	15,504	15,197	14,063	13,547	12,844	13,889	13,904	13,958	12,988	12,529	12,966	13,360	13,231	14,054	14,831	15,361	16,111	16,543	17,314	18,944	32,780	35,466	37,193	38,695	40,085	46,260	45,315	43,061	0	0	0	0	0	0	0	0	0	0	-	-
Retained Earnings	1,147,663	1,065,006	967,930	905,606	854,644	804,585	748,083	710,863	628,774	595,872	553,925	525,138	502,810	463,962	417,707	382,042	368,685	338,305	305,745	285,264	268,904	247,086	211,715	182,142	168,269	163,518	144,028	128,853	123,984	109,718	91,866	76,719	69,390	58,603	43,375	32,213	29,384	20,937	15,402	13,073	14,768	11,230	1,909	-3,996	-6,528	-10,879	-16,552	-21,020	-19,991	-21,738	14,831	13,555	20,620	16,717	13,263	13,506	13,461	7,765	147	-8,224	-15,166	-27,657	-41,422	-56,615	-64,856	-73,537	-85,015	-95,516	-97,282	-104,796	-113,758	-121,679	-126,006	-108,442	-114,573	-119,251	-119,780	-121,786	-125,276	-129,450	-130,493	-126,982	-127,157	-129,730	-124,914	-124,580	-128,320	-133,088	84,166	81,075	75,433	72,142	71,042	87,309	90,998	91,903	87,900	79,700	66,800	52,100	45,600	33,300	18,400	10,100	6,700	0	-	-
Retained Earnings Total Equity	0	0	967,930	905,606	854,644	804,585	748,083	710,863	628,774	595,872	553,925	525,138	502,810	463,962	417,707	382,042	368,685	338,305	305,745	285,264	268,904	247,086	211,715	182,142	168,269	163,518	144,028	128,853	123,984	109,718	91,866	76,719	69,390	58,603	43,375	32,213	29,384	20,937	15,402	13,073	14,768	11,230	1,909	-3,996	-6,528	-10,879	-16,552	-21,020	-19,991	-21,738	14,831	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,867	13,333	13,334	11,468	9,000	2,514	2,448	407	2,788	5,958	4,235	0	0	70	85	850	20,817	13,847	10,380	2,755	3,279	3,279	1,113	1,113	613	618	104,738	1,243	600	290	817	0	500	0	0	0	40,346	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	256,774	238,716	262,581	324,247	256,245	495,149	519,290	519,519	514,781	272,730	241,567	254,413	235,733	303,921	315,280	404,373	312,848	315,227	295,047	139,266	76,918	96,951	58,977	65,993	60,539	81,692	104,738	2,004	2,811	27,893	39,479	54,571	11,507	11,673	19,683	37,762	40,346	42,934	52,903	9,000	2,000	7,000	5,400	7,400	7,400	24,349	29,281	2,700	15,381	28,179	28,379	3,000	29,936	31,317	6,691	7,358	7,608	8,625	8,990	9,657	10,699	14,833	12,833	14,675	1,500	0	0	0	0	0	0	0	0	0	284	8,303	8,822	9,349	9,882	10,382	10,403	15,117	11,587	21,254	12,384	16,357	29,668	48,829	205,132	233,908	244,585	273,373	274,601	298,976	302,482	315,928	305,800	302,100	268,200	251,600	236,500	134,800	105,300	51,000	21,200	23,700	-	-
Short Term Debt	29,293	13,333	13,334	11,468	9,000	2,514	2,448	407	21,838	5,958	4,235	152,696	16,586	70	85	850	34,833	13,847	10,380	2,755	3,279	3,279	1,113	1,113	613	708	1,225	1,243	763	290	817	841	751	360	287	299	317	328	289	2,000	2,000	2,000	300	300	300	300	632	300	632	810	760	300	1,267	1,417	2,316	2,316	1,167	2,018	1,018	1,018	1,336	1,708	1,708	4,801	375	0	0	0	0	0	0	0	0	0	65	2,068	2,071	2,076	2,076	2,090	1,594	4,385	2,166	1,980	1,780	1,589	29,242	32,937	3,709	5,919	6,174	12,707	9,066	15,720	19,726	24,654	27,900	26,100	10,900	6,800	9,100	6,800	500	200	900	3,100	-	-
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Assets	3,305,579	3,140,619	2,915,117	2,839,471	2,597,478	2,549,473	2,439,622	2,308,413	2,209,114	1,951,334	1,754,950	1,715,530	1,757,355	1,677,969	1,675,443	1,618,067	1,505,012	1,467,460	1,444,596	1,080,032	1,062,564	1,059,940	959,166	882,718	881,120	884,587	893,155	687,612	708,903	717,742	729,013	708,969	691,594	694,526	703,049	678,804	665,750	656,406	668,111	588,844	601,822	594,454	595,246	583,608	580,754	591,726	604,621	576,058	591,066	565,646	621,544	616,275	640,020	641,233	548,487	556,119	574,948	581,326	590,774	568,406	598,492	614,930	604,330	564,389	547,067	506,068	484,402	446,248	460,874	452,236	434,925	399,140	408,683	416,192	400,086	377,078	383,116	370,751	358,090	344,819	351,110	358,096	359,427	354,735	366,535	369,246	381,362	381,371	876,625	919,294	909,195	910,849	926,410	981,331	978,581	950,161	943,300	928,300	868,300	812,500	789,300	600,600	491,000	361,800	287,800	250,600	-	-
Total Current Assets	1,911,100	1,812,232	1,500,323	1,459,024	1,307,671	1,358,091	1,238,223	1,139,629	1,027,321	904,711	819,400	762,572	811,852	811,296	792,505	878,443	790,184	750,402	726,582	557,272	609,700	599,679	561,823	491,793	489,357	495,377	497,169	396,453	415,957	422,864	434,539	414,684	424,273	437,940	446,822	422,806	413,192	410,000	423,496	384,172	396,997	389,226	389,228	377,233	372,553	379,480	390,241	373,525	387,282	388,002	385,900	378,682	402,948	399,890	392,909	393,753	413,155	430,716	437,487	413,932	444,931	458,781	458,531	423,440	450,623	415,273	394,225	356,387	376,385	369,749	351,487	315,459	325,399	294,922	278,251	254,259	260,729	245,490	231,658	217,168	222,937	223,273	219,866	214,254	223,393	225,487	236,232	234,762	402,880	439,515	424,515	420,997	433,294	472,165	459,544	422,017	412,600	405,200	363,900	318,500	312,600	253,500	188,400	133,300	110,900	99,900	-	-
Total Current Liabilities	1,721,205	1,628,987	1,481,476	1,406,659	1,170,802	1,044,005	968,180	857,199	836,554	742,262	721,410	691,688	692,904	655,343	681,486	599,625	607,997	577,732	527,050	409,843	467,058	445,846	418,312	366,036	373,728	373,802	375,416	293,043	317,681	313,698	326,597	306,876	305,391	309,136	324,461	292,821	282,637	278,983	280,234	251,088	269,438	266,649	275,571	270,223	268,587	263,329	275,846	266,241	277,971	255,752	258,065	252,014	268,210	274,305	229,436	233,083	249,030	265,949	281,210	263,865	298,385	313,060	314,710	285,660	281,693	242,253	228,208	200,840	218,160	216,212	207,153	180,608	195,160	185,736	176,560	152,516	159,768	149,418	140,095	130,723	139,299	140,808	144,109	132,425	147,653	149,114	179,118	168,651	253,299	280,134	264,445	248,089	260,075	274,041	268,093	227,650	240,100	226,100	200,300	174,400	179,200	136,200	98,500	68,500	53,600	34,400	-	-
Total Liab	2,027,750	1,933,457	1,803,653	1,785,981	1,597,555	1,598,341	1,542,777	1,430,005	1,403,448	1,179,545	1,002,938	992,427	1,060,926	1,009,843	1,047,010	1,025,024	919,708	909,830	912,508	564,837	564,517	567,173	498,191	453,580	463,175	472,658	496,243	305,656	332,270	352,762	376,314	370,895	326,589	338,289	361,536	351,617	344,357	339,654	351,342	275,092	287,800	288,241	299,092	294,832	293,448	307,407	323,776	296,859	307,960	300,998	316,161	309,208	327,236	333,519	243,960	250,632	268,964	278,233	294,178	277,132	312,021	329,028	329,393	298,692	284,489	243,510	229,780	202,299	218,160	216,212	207,153	180,608	195,160	185,736	176,779	158,751	166,519	159,491	150,615	142,068	150,450	154,905	156,615	154,630	161,449	163,907	179,817	184,813	462,804	508,564	504,374	509,319	526,171	564,629	558,950	527,361	524,300	505,600	460,700	422,100	409,400	266,300	204,300	120,100	75,100	55,300	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Stockholder Equity	1,277,829	1,207,162	1,111,464	1,053,490	999,923	951,132	896,845	878,408	805,666	771,789	752,012	723,103	696,429	668,126	628,433	593,043	585,304	557,630	532,088	515,195	498,047	492,767	460,975	429,138	417,945	411,929	396,912	381,956	376,633	364,980	352,699	338,074	346,721	337,608	324,315	310,293	306,281	298,880	298,457	294,876	295,834	288,364	278,538	271,712	270,405	268,212	264,390	262,323	264,591	264,648	305,383	307,067	312,784	307,714	304,527	305,487	305,984	303,093	296,596	291,274	286,471	285,902	274,937	265,697	262,578	262,558	254,622	243,949	242,714	236,024	227,772	218,532	213,523	230,456	223,307	218,327	216,597	211,260	207,475	202,751	200,660	203,191	202,812	200,105	205,086	205,339	201,545	196,558	413,821	410,730	404,821	401,530	400,239	416,702	419,631	422,800	419,000	422,700	407,600	390,400	379,900	334,300	286,700	241,700	212,700	195,300	-	-
Treasury Stock	0	0	-195,290	-191,411	-187,212	-185,574	-183,024	-164,844	-150,580	-150,987	-128,503	-128,589	-129,243	-118,551	-112,104	-112,513	-103,960	-101,243	-93,947	-90,171	-87,747	-71,084	-67,386	-69,322	-63,519	-64,312	-59,219	-58,789	-57,387	-56,079	-50,026	-49,118	-46,845	-44,190	-41,486	-43,175	-43,598	-42,127	-36,569	-37,415	-37,468	-40,461	-40,509	-41,143	-41,012	-40,452	-40,054	-39,341	-39,437	-38,642	-36,040	-32,754	-34,714	-35,200	-34,399	-33,092	-33,810	-30,324	-29,338	-26,174	-27,069	-15,940	-16,431	-11,532	-9,973	-2,721	-220	0	0	-18	-306	-316	0	0	0	0	-148	-3,060	-3,138	-4,901	-6,305	-7,845	-8,126	-8,277	-8,214	-8,718	-8,804	-9,516	-10,924	-10,924	-11,728	-11,728	-13,119	-12,923	-14,273	-12,009	0	0	0	0	0	0	0	0	0	0	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31
Begin Period Cash Flow	57,214	58,776	54,896	50,788	45,620	36,542	32,074	56,464	32,064	52,054	40,757	51,237	86,346	127,850	117,015	139,631	90,286	55,593	32,576	10,136	6,104	10,625	16,021	3,664	7,000	18,100	6,100
Capital Expenditures	94,838	48,359	22,330	24,131	31,750	27,268	35,467	23,217	20,808	19,183	17,403	11,782	8,666	7,089	9,457	14,572	11,088	8,113	6,188	4,998	3,406	5,322	5,978	18,037	47,500	11,100	3,900
Cash And Cash Equivalents Changes	0	-1,562	3,880	4,108	5,168	9,078	4,468	-24,390	24,400	-19,990	11,297	-10,480	-35,109	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	137,922	35,144	32,604	697	2,747	3,472	-8,993	-115	1,173	-600	-3,626	-3,634	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	147,936	-1,562	3,880	4,108	5,168	9,078	4,468	-24,390	24,400	-19,990	11,297	-10,480	-35,109	-41,504	10,835	-22,616	49,345	34,693	23,017	22,440	4,032	-4,521	-5,396	12,357	-3,300	137,500	67,700
Change In Working Capital	73,471	29,963	-56,954	64,836	-47,037	-25,085	13,529	-2,524	11,052	-9,310	-15,222	-9,720	-2,277	-3,850	-3,395	16,418	40,867	-17,581	6,844	3,540	-7,753	-8,873	20,279	16,316	-49,600	-56,500	-14,100
Change Receivables	0	-223,178	-58,046	38,486	-49,508	-68,621	-35,930	10,182	-7,214	-15,595	-14,345	4,549	14,552	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-374,205	-223,178	-58,046	38,486	-49,508	-68,621	-37,799	7,038	-3,584	-18,339	-12,427	2,913	20,955	-3,819	17,115	6,959	20,055	-27,463	-136,976	-11,445	-97,116	12,470	23,102	0	0	0	0
Change To Inventory	-29,688	-13,495	-5,651	-1,457	2,366	-1,538	-584	213	956	281	1,208	1,195	-270	1,034	1,697	-33	-345	-713	1,553	-764	2,058	2,427	940	1,103	-4,800	-800	1,100
Change To Liabilities	0	150,271	-10,809	11,895	16,295	42,327	46,571	-3,926	17,425	4,831	-1,485	-12,500	-18,453	47	0	9,546	20,746	17,187	12,028	15,446	3,667	0	0	21,980	0	0	0
Change To Netincome	0	-78,069	6,683	-6,330	5,895	16,300	7,457	2,283	5,642	1,644	6,272	8,184	53,698	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-42,850	-24,610	33,066	-31,005	-5,139	14,710	-7,304	-2,215	2,537	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	107,530	81,347	68,944	60,629	51,572	42,689	37,456	26,166	23,416	21,336	18,572	20,630	20,053	17,442	13,499	12,693	6,960	5,365	5,113	8,450	6,839	9,243	24,466	24,902	23,100	14,000	4,000
Dividends Paid	30,379	20,077	17,384	15,499	14,543	12,268	10,987	10,264	9,358	8,444	7,875	7,498	7,520	7,530	7,271	7,134	6,125	5,674	999	0	0	0	0	0	0	1,000	1,600
End Period Cash Flow	205,150	57,214	58,776	54,896	50,788	45,620	36,542	32,074	56,464	32,064	52,054	40,757	51,237	86,346	127,850	117,015	139,631	90,286	55,593	32,576	10,136	6,104	10,625	16,021	3,700	155,600	73,800
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
Free Cash Flow	544,730	253,172	157,821	262,379	110,278	119,922	78,623	67,971	77,059	23,369	21,020	18,728	21,014	25,060	44,794	68,279	72,554	9,621	31,258	21,186	10,098	8,768	60,851	40,135	-29,100	-16,600	-5,600
Investments	-133,544	-2,460	-246,722	-207,802	-224,450	-95,710	-128,968	-79,318	0	0	0	0	2,000	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
Net Borrowings	0	-139,553	119,304	-19,534	122,811	3,029	43,909	-11,632	-28,943	35,817	-5,952	-7,349	-14,904	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	323,398	245,947	143,348	150,139	114,324	112,903	55,272	64,896	57,440	28,599	28,556	11,849	-36,492	14,740	34,182	49,690	32,466	28,724	-6,226	10,713	-5,579	-209,080	13,124	-16,853	42,300	35,000	-2,800
Other Cashflows From Financing Activities	-20,046	548,780	-3,881	-10,515	-3,385	-7,039	-5,202	-2,339	-4,009	-9,065	-18	100	-169	740	641	1,848	935	2,487	-9,222	-2,530	-6,523	-169,896	-69,055	-30,726	35,300	121,800	-10,600
Other Cashflows From Investing Activities	0	-46,359	-224,392	-183,671	-192,700	-68,442	-93,501	-56,101	-4,820	-54,959	1,150	-11,386	-29,084	0	0	0	0	25,357	1,666	1,977	0	154,360	964	713	0	0	0
Other Non Cash Items	26,934	28,247	7,318	11,925	21,542	5,066	-2,722	-1,152	764	1,700	-1,971	1,413	54,317	3,614	3,360	3,376	1,557	351	27,860	3,476	19,012	219,085	10,368	36,397	-100	1,000	100
Sale Purchase Of Stock	-21,184	-41,463	-29,417	-31,196	-21,048	-30,073	-10,426	-14,392	-9,267	-8,505	-2,463	-3,404	-7,256	-5,690	-13,043	-26,054	-11,544	0	0	0	0	0	0	-1,224	-12,900	0	0
Stock Based Compensation	12,939	10,532	10,593	6,934	5,878	7,161	6,377	5,041	5,609	4,806	3,974	2,797	3,604	3,687	3,454	3,851	2,521	1,762	519	372	176	0	0	0	1,400	0	11,800
Total Cash From Financing Activities	-298,624	-205,915	70,451	-74,600	87,590	-42,402	19,346	-36,260	-47,839	11,600	-10,873	-17,822	-29,039	-30,652	-24,594	-40,433	-16,165	-762	-7,660	-1,268	-5,609	-169,200	-68,222	-30,428	24,700	137,500	67,700
Total Cash From Operating Activities	639,568	301,531	180,151	286,510	142,028	147,190	114,090	91,188	97,867	42,552	38,423	30,510	29,680	32,149	54,251	82,851	83,642	17,734	37,446	26,184	13,504	14,090	66,829	58,172	18,400	-5,500	-1,700
Total Cashflows From Investing Activities	0	-97,178	-246,722	-207,802	-224,450	-95,710	-128,968	-79,318	-25,628	-74,142	-16,253	-23,168	-35,750	0	0	0	0	17,721	0	0	0	150,589	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30
Begin Period Cash Flow	137,623	60,007	48,560	57,214	71,139	69,129	115,615	58,776	67,721	53,659	52,116	54,896	70,540	53,253	133,264	50,788	40,363	36,787	29,130	45,620	19,248	28,001	25,219	36,542	29,496	34,465	31,444	32,074	25,337	38,282	43,540	56,464	45,072	40,714	38,892	32,064	43,882	49,759	40,650	52,054	45,305	23,346	25,435	40,757	35,665	28,811	27,873	51,237	43,692	50,101	63,636	86,346	44,661	107,602	109,770	127,850	139,863	120,415	108,149	117,015	102,300	101,508	88,636	139,631	97,727	87,932	69,038	90,286	68,918	67,091	58,361	55,593	33,709	26,455	22,454	32,576	20,493	16,705	5,119	10,136	10,625	11,415	11,329	6,104	10,625	12,624	9,855	10,625	15,135	17,152	21,810	16,021	7,700	8,902	8,344	3,664	7,600	-11,600	15,700	7,000	28,600	39,900	26,500	14,500	73,800	38,000
Capital Expenditures	25,264	28,444	24,610	16,520	13,566	14,578	11,023	9,192	6,466	5,102	5,950	4,812	4,672	4,920	7,042	7,497	9,109	6,961	6,836	8,844	5,209	7,936	8,535	5,588	18,637	5,184	6,569	5,077	5,960	6,353	7,139	3,765	5,592	5,908	5,685	3,623	3,816	7,033	4,452	3,882	4,932	5,234	4,029	3,208	2,377	2,817	4,494	2,094	2,214	2,548	1,544	2,360	2,986	2,021	860	1,222	3,037	1,986	2,662	1,772	36,604	44,171	18,965	25,970	3,262	3,109	2,227	2,490	1,630	2,440	1,994	2,049	1,135	1,826	1,184	2,043	1,818	963	900	1,317	2,432	973	860	1,087	1,278	974	936	2,134	1,336	1,494	1,559	1,589	3,350	5,257	5,774	3,656	8,700	13,900	11,200	13,700	58,700	21,500	31,400	16,900	2,300	2,200
Cash And Cash Equivalents Changes	0	0	11,447	-8,654	-13,925	2,010	-46,486	56,839	-8,945	14,062	1,543	-2,780	-15,644	17,289	-80,013	82,476	10,425	3,576	7,657	-16,490	26,372	-8,753	2,782	-11,323	7,046	-4,969	3,021	-630	6,737	-12,945	-5,258	-12,924	11,392	4,358	1,822	6,828	-11,818	-5,877	9,109	-11,404	6,749	21,959	-2,089	-15,322	5,092	6,854	938	-23,364	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-21,482	161,007	34,400	15,682	74,120	13,720	16,337	-26,437	14,151	31,093	4,998	-10,132	-10,703	48,441	-7,160	2,088	14,860	-9,091	507	-8,490	15,404	-4,674	3,167	-4,158	-4,138	8,601	-5,217	-2,043	-1,603	-130	133	-1,839	578	1,013	-1,628	1,052	743	1,006	-652	-362	71	343	-1,933	-397	1,606	-2,902	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	67,527	77,616	11,447	-8,654	-13,925	2,010	-46,486	56,839	-8,945	14,062	1,543	-2,780	-15,644	17,287	-80,011	82,476	10,425	3,576	7,657	-16,490	26,372	-8,753	2,782	-11,323	7,046	-4,969	3,021	-630	6,737	-12,945	-5,258	-12,924	11,392	4,358	1,822	6,828	-11,818	-5,877	9,109	-11,404	6,749	21,959	-2,089	-15,322	5,092	6,854	938	-23,364	7,545	-6,409	-13,535	-22,710	41,685	-62,941	-2,168	-18,080	-12,013	19,448	12,266	-8,866	14,715	792	12,872	-50,995	41,904	9,795	18,894	-21,248	21,368	1,827	8,730	2,768	21,884	7,254	4,001	-10,122	12,083	3,788	11,586	-5,017	-489	-790	86	5,225	-4,521	-1,999	2,769	-770	-4,510	-2,017	-4,658	5,789	8,321	-1,202	558	4,680	-3,900	19,200	8,700	8,700	57,000	28,600	39,900	12,000	-11,600	35,800
Change In Working Capital	59,716	-101,693	52,219	63,229	147,579	-35,384	-31,557	-50,675	-33,823	-27,977	-31,077	35,923	24,002	-18,476	81,770	-22,460	-10,059	13,101	-16,885	-33,194	39,003	-18,496	-12,112	-33,480	26,218	10,954	-18,534	-5,109	17,789	-12,970	-4,220	-3,123	-1,469	-2,489	7,382	7,628	-13,890	10,149	8,576	-14,145	686	10,863	-9,047	-17,724	13,126	4,717	-5,610	-21,953	41,839	-11,903	-13,465	-18,748	32,843	-13,145	-7,611	-15,937	-8,931	11,519	9,613	-15,596	23,580	-1,204	6,882	-12,840	48,996	2,823	7,458	-18,410	16,104	-4,705	-1,690	-27,290	11,580	-304	3,319	-7,751	7,716	-2,287	6,490	-8,379	-11,741	473	6,845	-3,330	-4,524	4,320	2,824	-11,493	13,328	-3,381	12,040	-1,708	29,671	-8,447	7,996	-12,904	-1,300	-20,900	-17,300	-10,100	-4,800	-22,700	-20,200	-8,800	-7,800	9,500
Change Receivables	0	0	-21,789	-125,937	52,670	-95,977	-127,170	-52,701	-32,237	-18,968	-56,525	49,684	5,182	3,046	38,152	-7,894	-17,861	-18,566	-51,353	38,272	12,105	-25,051	-52,133	-3,542	9,469	2,268	-65,587	17,920	18,209	-104	-23,228	15,305	2,720	13,917	-23,113	-738	-13,191	6,330	-11,621	2,887	-3,373	23,058	-14,400	-19,630	11,117	16,577	-15,831	-7,314	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,403	-228,556	-21,789	-125,937	52,670	-95,977	-127,170	-52,701	-32,237	-18,968	-56,525	49,684	5,182	3,046	38,152	-7,894	-17,861	-18,566	-51,353	38,272	12,105	-25,051	-52,133	-3,542	252	835	-63,411	24,525	11,339	2,383	-23,826	17,142	-2,301	16,708	-20,845	2,854	-17,911	47	-7,805	7,330	-5,451	23,944	-18,928	-11,992	19,001	13,847	-19,001	0	63,377	-9,436	-21,502	0	32,536	-24,387	0	1,125	13,043	28,360	-11,935	11,610	10,985	8,643	-16,651	1,782	26,985	-3,505	-3,262	-666	2,634	-17,255	-12,434	-8,700	-134,789	-109,368	-119,080	5,874	-96,644	-94,628	-92,672	-89,248	-100,442	0	3,218	11,564	12,470	9,993	3,284	19,336	23,102	0	4,235	14,613	0	0	0	0	0	0	0	0	0	0	0	0	0	-16,400
Change To Inventory	-11,416	-12,280	-4,606	-1,386	2,840	-6,903	-6,328	-3,104	597	-883	-3,184	-2,181	-749	-488	36	-256	2,614	-51	295	-492	379	-482	-898	-537	475	-135	-174	-750	511	234	-162	-370	1,174	1,222	-177	-1,263	392	147	135	-393	906	315	-50	37	270	557	436	-68	-71	320	-322	-197	272	230	-31	563	-201	767	401	730	-233	963	-737	-26	886	-115	346	-1,462	847	-40	-1,351	-169	684	470	296	103	-80	269	-163	-790	1,396	-771	509	924	388	662	609	768	1,417	-589	76	36	236	673	-491	685	-1,800	-800	-700	-1,500	600	-300	-1,000	-100	700	-4,100
Change To Liabilities	0	130,017	105,623	34,902	63,353	57,243	33,531	-3,856	-13,832	-1,177	29,083	-38,296	18,925	-7,251	54,790	-54,569	18,683	40,182	19,313	-61,883	26,012	15,527	25,515	-24,727	13,107	12,979	43,888	-23,403	4,286	-11,057	20,773	-17,928	-5,496	-15,789	30,094	8,616	537	2,620	19,319	-17,645	3,805	-12,202	5,359	1,553	2,905	-11,982	8,216	-11,639	0	0	0	0	47	0	0	0	0	0	0	0	9,546	2,200	7,981	0	20,746	503	0	0	17,187	13,451	530	0	12,028	5,981	6,572	0	15,446	6,409	2,977	0	3,667	607	4,607	0	0	0	0	0	0	8,482	0	0	21,980	16,272	10,913	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	190,251	-22,069	-18,580	-96,955	9,708	7,240	1,938	-42	5,803	7,702	1,747	-15,727	1,863	1,878	5,656	-1,244	-291	3,931	3,499	2,977	-667	2,652	11,338	4,427	743	835	1,452	189	-775	2,822	47	3,761	524	1,175	182	1,095	-1,438	2,408	-421	3,302	342	2,809	-181	4,368	986	3,249	-419	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,287	9,287	5,041	-32,414	-2,891	832	-8,377	-26,865	-1,003	9,141	-5,883	15,280	2,427	18,512	-3,153	-16,813	-15,611	2,993	-1,574	-4,803	3,736	1,308	-5,380	14,710	-3,826	3,520	1,124	-7,304	-2,043	-1,603	0	-2,215	0	0	0	2,537	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	27,910	20,386	20,086	19,518	20,102	19,792	20,616	20,837	18,944	18,326	15,698	15,976	14,505	15,350	18,083	12,691	13,129	13,424	14,295	10,724	11,957	11,010	10,482	9,240	10,120	10,437	10,760	6,139	6,495	6,513	6,900	6,258	6,030	5,922	5,841	5,623	5,974	5,708	5,000	4,654	4,653	4,605	4,539	4,775	5,149	5,332	5,012	5,137	5,825	4,696	4,713	4,819	5,560	4,802	3,444	3,636	3,631	3,250	3,340	3,278	3,123	3,635	3,368	2,567	1,959	1,725	1,706	1,570	1,384	1,360	1,338	1,283	1,288	1,361	1,279	1,185	4,533	1,419	1,264	1,234	4,812	-2,275	1,761	2,541	3,673	1,695	1,687	2,188	6,394	6,130	5,973	5,969	6,489	6,222	6,084	6,107	6,100	6,000	5,700	5,300	4,800	4,000	3,100	2,100	2,100	2,300
Dividends Paid	8,924	8,049	7,152	6,254	5,365	5,013	5,026	4,673	4,693	4,350	4,178	4,163	3,992	3,833	3,830	3,844	3,672	3,673	3,692	3,506	3,338	3,170	2,974	2,786	2,788	2,794	2,797	2,608	2,601	2,619	2,618	2,426	2,434	2,445	2,242	2,237	2,235	2,070	2,072	2,067	2,057	2,052	1,913	1,853	1,857	1,859	1,929	1,853	1,853	1,864	1,923	1,880	1,878	1,881	1,889	1,882	1,906	1,912	1,718	1,735	1,747	1,786	1,798	1,803	1,826	1,436	1,437	1,426	1,425	1,423	1,422	1,404	999	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	200	200	0	0	0	600	0
End Period Cash Flow	205,150	137,623	60,007	48,560	57,214	71,139	69,129	115,615	58,776	67,721	53,659	52,116	54,896	70,540	53,253	133,264	50,788	40,363	36,787	29,130	45,620	19,248	28,001	25,219	36,542	29,496	34,465	31,444	32,074	25,337	38,282	43,540	56,464	45,072	40,714	38,892	32,064	43,882	49,759	40,650	52,054	45,305	23,346	25,435	40,757	35,665	28,811	27,873	51,237	43,692	50,101	63,636	86,346	44,661	107,602	109,770	127,850	139,863	120,415	108,149	117,015	102,300	101,508	88,636	139,631	97,727	87,932	69,038	90,286	68,918	67,091	58,361	55,593	33,709	26,455	22,454	32,576	20,493	16,705	5,119	10,136	10,625	11,415	11,329	6,104	10,625	12,624	9,855	10,625	15,135	17,152	21,810	16,021	7,700	8,902	8,344	3,700	7,600	8,700	15,700	57,000	28,600	39,900	26,500	-11,600	73,800
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	147,744	185,797	100,800	110,389	118,441	46,654	33,540	54,537	21,031	37,483	19,472	79,835	65,438	47,694	134,824	14,423	33,204	66,154	18,773	-7,853	73,979	22,548	25,132	-1,737	29,761	39,328	4,558	4,976	35,474	6,980	16,165	9,257	17,692	18,015	24,560	16,792	1,254	16,848	17,933	-12,666	9,709	22,199	2,671	-13,559	24,701	13,638	2,299	-21,910	49,431	-1,070	-5,921	-21,426	43,634	-5,793	-98	-12,683	6,460	22,817	21,222	-5,705	72,499	-23,228	46,024	-27,016	54,839	14,036	18,997	-15,318	22,470	3,116	6,592	-22,557	21,820	6,277	10,745	-7,584	11,585	4,158	11,493	-6,050	-1,042	1,507	13,063	-3,430	-995	11,140	10,019	-11,396	23,715	8,278	23,611	5,247	31,518	549	12,618	-4,550	7,400	-16,100	-8,200	-12,200	73,100	-29,200	-39,600	-20,900	-5,200	-200
Investments	-73,883	-25,497	-1,180	-68,945	-850	-374	-49,896	-1,236	-127,117	-98,631	-5,944	-15,030	-77,288	-15,355	-99,623	-15,536	-8,397	-4,707	-201,546	-9,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-100,014	-61,950	-55,016	-124,422	-25,013	-14,821	24,703	98,304	99,558	-11,265	-67,500	6,430	-9,265	-116,507	99,808	-16,935	-53,033	192,809	-30	-20,033	27,975	-9,367	4,454	-21,160	-23,039	88,190	-82	-25,082	-11,586	-15,092	40,128	-166	-8,114	-18,079	-2,584	-3,401	-10,782	43,000	7,000	-5,000	1,600	-2,552	0	-16,949	-4,300	14,000	-100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	91,581	105,125	69,476	57,216	55,424	61,515	42,246	86,762	37,595	46,297	32,965	26,491	42,840	50,088	39,495	17,716	34,052	36,233	24,173	19,866	25,156	38,541	32,547	16,659	7,539	22,284	17,972	7,477	16,867	20,471	17,803	9,755	14,883	19,886	15,782	6,889	11,821	9,379	6,336	1,063	5,935	11,612	8,314	2,695	5,145	5,325	4,047	-2,668	2,085	-36,569	3,162	-5,170	5,796	5,371	1,646	1,927	7,602	9,540	10,098	6,942	12,491	13,765	15,193	8,241	8,681	11,478	10,501	1,806	7,514	8,962	7,921	4,327	-17,564	6,131	4,678	529	2,006	3,490	4,174	1,043	-9,319	5,983	2,573	-4,816	-334	3,740	4,768	-217,254	3,091	5,642	3,291	1,100	-16,267	-3,689	-905	4,008	8,200	12,900	14,600	6,600	12,400	10,900	8,300	3,400	3,500	3,900
Other Cashflows From Financing Activities	40,000	-1,278	145,921	85,018	60,142	6,848	432,648	48,198	117,185	-2,616	-865	-400	-150	-100	28,102	-10,265	-1,405	-887	-250	-843	-3,250	-900	-3,583	-846	37,756	-2,400	-2,000	-802	-1,350	6,000	-295	-694	-1,514	-496	-1,703	14,501	-3,887	-2,784	-2,380	7,528	308	-17	-309	15	736	33	-145	55	829	-548	-437	110	293	15	279	153	48	439	72	82	4	1,755	104	-15	16	322	488	-327	109	95	1,314	969	-999	-684	-8,019	-519	-668	-563	-569	-730	6,786	-11,540	-10,407	8,638	-3,629	-13,309	-18,797	-134,161	-28,776	-10,678	-28,373	-1,228	-24,370	-3,503	-12,082	9,229	-11,900	17,800	8,700	7,800	57,100	19,600	39,900	12,000	-11,000	-1,100
Other Cashflows From Investing Activities	0	-49,551	1,107	-52,425	-3	-8,542	-38,873	1,059	-120,651	-103,741	-10,212	-10,218	-72,616	-10,435	-92,581	-8,039	712	2,254	-194,710	-956	-4,232	-51,203	-6,654	-6,353	575	-10,971	-83,084	-21	1,562	333	-1,145	-56,851	447	109	-232	-5,144	-1,987	-2,153	-47,036	-3,783	541	64	325	220	182	-180	-11,832	444	0	0	0	0	0	0	0	0	0	0	0	262	0	324	116	110	0	0	0	0	25,357	25,285	25,574	24,595	1,666	1,666	1,123	205	1,977	1,266	1,110	933	0	0	0	0	154,360	154,499	154,565	144,462	964	964	954	895	713	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	11,049	17,888	9,285	8,342	11,932	8,993	6,841	481	1,253	4,281	-172	1,956	-3,072	714	4,241	10,042	5,805	13,253	2,214	270	2,996	1,162	917	-9	-1,829	-2,468	285	1,290	-257	-756	88	-322	144	20	472	128	531	299	1,035	-165	-710	-862	-497	98	-778	-22	1,601	612	4,234	49,853	-675	905	59	167	4,185	-797	706	393	1,848	413	-1,333	1,495	194	49	-1,781	67	442	802	-676	213	-125	58	25,346	450	1,810	40	1,289	625	282	1,354	17,866	-3,647	1,910	2,883	1,468	2,359	-517	217,764	5,284	2,192	1,512	1,380	17,666	11,822	6,848	2	100	-300	-100	100	900	-300	200	100	-300	-11,700
Sale Purchase Of Stock	-12,621	-1,787	-6,099	-5,366	-1,789	-3,573	-20,605	-15,496	-1,523	-22,484	-3,671	-1,739	-11,343	-7,771	-2,475	-9,607	-4,233	-7,420	-5,293	-4,102	-16,960	-4,743	-3,231	-5,139	-98	-5,093	-2,406	-2,829	-2,111	-6,053	-2,826	-3,402	-3,400	-3,405	-2,462	256	-1,692	-5,777	-620	-416	-17	-1,169	-1,132	-145	-1,980	-512	-1,455	36	-935	-2,609	-3,712	-567	-567	-861	-2,046	-2,216	-4,200	-2,652	-4,211	-1,980	-11,052	-4,747	-6,425	-3,830	-7,856	-3,504	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-289	-935	0	0	0	0	0	0	0	0	0	79,900
Stock Based Compensation	3,811	880	2,107	6,141	3,053	1,049	2,434	3,996	3,215	518	2,149	4,711	985	761	1,557	3,631	1,017	182	1,503	3,176	1,140	1,147	2,081	2,793	2,060	870	2,114	1,333	1,173	519	1,873	1,476	1,355	1,076	1,790	1,388	1,314	622	1,439	1,431	731	523	1,793	927	691	462	1,067	577	932	340	1,094	1,238	1,096	517	923	1,151	911	481	778	1,284	3,851	891	1,441	639	2,521	768	771	488	1,267	404	646	326	372	169	5	187	176	61	8	53	176	0	0	0	0	0	0	0	0	0	0	0	0	0	0	59	1,100	200	0	200	0	100	0	0	0	0
Total Cash From Financing Activities	-31,598	-111,128	-89,280	-66,618	-131,513	-35,728	-41,153	2,479	90,675	70,108	-17,935	-72,397	-8,466	-19,970	-122,256	76,092	-23,491	-64,832	183,594	-7,681	-43,375	19,902	-15,696	-3,233	-23,290	-33,326	81,547	-5,585	-30,299	-20,258	-20,278	34,670	-6,747	-13,766	-22,506	-4,820	-11,085	-20,572	38,212	5,045	-3,501	-304	-5,085	-1,983	-19,791	-6,604	10,471	-1,898	-14,683	-5,320	-7,266	-1,770	-2,351	-20,004	-4,232	-4,065	-9,929	-3,917	-6,250	-4,498	-17,267	-4,637	-12,885	-5,644	-10,117	-4,314	-186	-1,548	-1,223	-1,149	989	621	-68	81	-7,725	52	-475	-526	-238	-29	7,660	-11,586	-10,335	8,652	-3,608	-13,269	-18,316	-134,007	-28,776	-10,411	-28,373	-662	-24,370	-2,743	-12,371	9,056	-11,900	19,200	8,700	8,700	57,000	28,600	39,900	12,000	-11,600	78,800
Total Cash From Operating Activities	173,008	214,241	125,410	126,909	132,007	61,232	44,563	63,729	27,497	42,585	25,422	84,647	70,110	52,614	141,866	21,920	42,313	73,115	25,609	991	79,188	30,484	33,667	3,851	48,398	44,512	11,127	10,053	41,434	13,333	23,304	13,022	23,284	23,923	30,245	20,415	5,070	23,881	22,385	-8,784	14,641	27,433	6,700	-10,351	27,078	16,455	6,793	-19,816	51,645	1,478	-4,377	-19,066	46,620	-3,772	762	-11,461	9,497	24,803	23,884	-3,933	35,895	20,943	27,059	-1,046	58,101	17,145	21,224	-12,828	24,100	5,556	8,586	-20,508	22,955	8,103	11,929	-5,541	13,403	5,121	12,393	-4,733	1,390	534	13,923	-2,343	283	12,114	10,955	-9,262	25,051	9,772	25,170	6,836	34,868	5,806	18,392	-894	16,100	-2,200	3,000	1,500	14,400	-7,700	-8,200	-4,000	-2,900	2,000
Total Cashflows From Investing Activities	0	-119,125	-24,683	-68,945	-14,419	-23,494	-49,896	-9,369	-127,117	-98,631	-5,944	-15,030	-77,288	-15,355	-99,623	-15,536	-8,397	-4,707	-201,546	-9,800	-9,441	-59,139	-15,189	-11,941	-18,062	-16,155	-89,653	-5,098	-4,398	-6,020	-8,284	-60,616	-5,145	-5,799	-5,917	-8,767	-5,803	-9,186	-51,488	-7,665	-4,391	-5,170	-3,704	-2,988	-2,195	-2,997	-16,326	-1,650	-35,750	-6,333	-3,766	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	17,721	19,230	21,810	22,655	0	0	0	0	0	0	0	0	0	0	0	0	150,589	151,785	152,629	142,499	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31
Cost Of Revenue	4,254,485	3,398,756	2,510,429	2,309,676	2,113,334	1,736,600	1,421,641	1,290,331	1,262,390	1,161,024	1,117,389	1,123,564	1,058,568	919,600	903,357	1,067,224	912,471	885,508	752,354	687,948	658,427	676,268	1,270,113	1,294,499	1,066,000	633,500	167,900
Depreciation And Amortization	107,530	81,347	66,399	60,629	49,383	42,689	37,456	26,166	23,416	21,336	18,572	20,630	20,053	17,442	13,499	12,693	6,960	5,365	5,113	8,450	6,839	9,243	24,466	24,902	23,100	14,000	4,000
Discontinued Operations	0	0	0	0	0	0	0	0	0	-15	-76	355	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	416,086	171,051	188,438	128,629	163,639	110,745	63,288	75,739	65,824	20,874	27,301	1,327	9,443	25,969	57,218	79,072	49,900	44,297	33,329	20,660	16,854	16,228	50,762	76,238	93,100	82,500	3,300
Ebitda	523,616	252,398	254,837	189,258	213,022	153,434	100,744	101,905	89,240	42,210	45,873	21,957	29,496	43,411	70,717	91,765	56,860	49,662	38,442	29,110	23,693	25,471	75,228	101,140	116,200	96,500	7,300
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
Extraordinary Items	0	0	0	0	0	0	9,478	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	952,275	741,608	563,207	546,983	501,943	446,279	366,281	344,009	318,129	249,771	239,883	207,621	181,452	188,682	225,550	261,241	197,063	171,017	147,177	131,604	126,549	143,014	276,169	296,567	304,000	220,500	69,800
Income Before Tax	388,194	235,858	190,274	191,540	151,742	148,676	100,938	101,061	88,664	40,228	46,780	21,539	-44,664	20,377	56,033	80,591	52,546	46,591	-2,347	18,460	-2,119	10,382	29,656	-11,068	74,000	62,000	4,600
Income Tax Expense	64,796	-10,089	46,926	41,401	37,418	35,773	45,666	36,165	31,224	11,614	18,148	10,045	-8,172	6,360	21,437	30,901	20,080	17,874	14,027	8,267	-1,095	4,903	16,532	5,785	31,700	27,000	7,400
Interest Expense	10,281	13,306	4,979	8,282	8,418	3,637	3,086	2,336	1,681	1,840	1,328	1,571	1,886	1,699	1,202	1,387	615	616	1,075	1,566	3,893	4,951	21,962	26,886	0	7,600	0
Interest Income	2,805	378	24	103	224	73	70	9	1,456	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	8,076	5,536	1,287	-1,614	338	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	323,398	245,947	143,348	150,139	114,324	112,903	55,272	64,896	49,364	23,063	27,269	13,463	-36,830	14,740	34,182	49,690	32,466	28,724	-6,226	10,713	-5,579	-209,080	13,124	-16,853	42,300	35,000	-2,800
Net Income Applicable To Common Shares	0	245,947	143,348	150,139	114,324	112,903	55,272	64,896	49,364	23,063	27,269	13,463	-36,830	14,017	34,596	49,690	32,466	28,717	0	10,193	0	5,479	13,124	0	0	0	0
Net Income From Continuing Ops	287,241	245,947	143,348	150,139	114,324	112,903	55,272	64,896	57,440	28,614	28,632	11,494	-36,492	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-11,995	-13,306	-6,172	-8,282	-9,093	-3,637	-3,086	-2,336	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	-4,639	8,032	9,274	-2,580	2,148	4,834	1,837	373	-136	1,873	831	6,590	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	1,105	1,105	1,105	727	0	0	58,922	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	416,086	171,051	188,438	128,629	163,639	150,238	99,260	101,569	90,044	42,222	46,258	22,303	-49,368	20,042	56,633	79,367	49,871	44,522	-1,275	20,257	6,058	13,867	50,859	45,771	93,100	76,100	4,600
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
Other Operating Expenses	4,790,674	3,888,100	2,886,738	2,667,453	2,453,339	2,033,586	1,688,227	1,533,532	1,491,355	1,368,676	1,311,603	1,309,373	1,230,705	1,082,506	1,072,380	1,251,940	1,059,663	1,012,003	900,806	799,295	775,695	803,537	1,495,185	1,545,295	1,276,900	777,900	233,100
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	80,092	81,347	68,944	60,629	51,572	42,689	37,456	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	546,047	489,344	376,309	357,777	340,005	296,986	266,586	243,201	228,965	207,652	194,214	185,809	172,137	163,431	169,023	182,169	147,158	126,620	114,611	108,000	114,542	127,051	212,988	225,894	187,800	130,400	61,200
Tax Provision	59,423	-10,089	46,926	41,401	37,418	35,773	45,666	36,165	31,224	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	536,189	489,344	376,309	357,777	340,005	296,986	266,586	243,201	228,965	207,652	194,214	185,809	172,137	162,906	169,023	184,716	147,192	126,495	148,452	111,347	117,268	127,269	225,072	250,796	210,900	144,400	65,200
Total Other Income Expense Net	-27,892	64,807	1,836	62,911	-11,897	3,020	4,329	2,589	1,181	-51	2,439	1,298	-52,221	-3,893	17	2,906	-29	225	-34,604	-403	-7,573	-483	335	-30,467	-19,100	-6,400	1,300
Total Revenue	5,206,760	4,140,364	3,073,636	2,856,659	2,615,277	2,182,879	1,787,922	1,634,340	1,580,519	1,410,795	1,357,272	1,331,185	1,240,020	1,108,282	1,128,907	1,328,465	1,109,534	1,056,525	899,531	819,552	784,976	819,282	1,546,282	1,591,066	1,370,000	854,000	237,700

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31
Cost Of Revenue	1,087,789	1,100,625	1,068,510	969,235	905,940	917,788	842,956	732,072	702,013	674,684	587,440	546,292	561,962	566,903	597,773	583,038	587,024	564,216	530,286	431,808	470,184	466,668	423,860	375,888	367,341	379,993	369,673	304,634	303,835	335,944	338,112	312,440	299,913	323,100	334,518	304,859	287,164	303,686	300,942	269,232	268,912	282,968	291,086	274,423	260,797	279,889	300,238	286,666	267,075	279,005	264,638	247,850	257,671	257,339	207,623	196,967	202,022	234,186	242,028	226,088	256,160	281,508	287,271	242,285	238,756	231,792	228,797	213,126	222,498	241,467	221,926	201,010	180,664	202,418	200,255	175,377	176,094	178,250	170,827	163,017	163,554	174,771	167,553	154,662	169,425	174,668	173,166	160,089	307,015	335,797	323,070	304,231	324,560	349,767	331,397	288,775	281,800	295,500	262,500	226,200	214,900	173,200	130,700	88,200	96,300	50,000	-	-
Depreciation And Amortization	27,910	20,386	20,086	20,404	20,102	19,437	20,238	20,573	18,944	18,326	15,698	15,976	14,505	15,350	18,083	12,691	13,129	13,424	14,295	10,724	11,957	11,010	10,482	9,240	10,120	10,437	10,760	6,139	6,495	6,513	6,900	6,258	6,030	5,922	5,841	5,623	5,974	5,708	5,000	4,654	4,653	4,605	4,539	4,775	5,149	5,332	5,012	5,137	5,825	4,696	4,713	4,819	5,560	4,802	3,444	3,636	3,631	3,250	3,340	3,278	3,123	3,635	3,368	2,567	1,959	1,725	1,706	1,570	1,384	1,360	1,338	1,283	1,288	1,361	1,279	1,185	4,533	1,419	1,264	1,234	4,812	-2,275	1,761	2,541	3,673	1,695	1,687	2,188	6,394	6,130	5,973	5,969	6,489	6,222	6,084	6,107	6,100	6,000	5,700	5,300	4,800	4,000	3,100	2,100	2,100	600	-	-
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	-15	0	0	-15	3	-25	0	-54	355	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	119,659	135,472	91,626	70,885	59,529	81,436	56,651	35,691	47,688	45,619	39,070	35,189	33,616	56,300	60,678	24,258	45,143	52,781	21,364	17,051	25,839	52,635	43,974	19,082	14,570	34,177	29,196	12,736	19,456	31,867	21,392	15,808	17,911	29,600	24,756	11,011	8,823	14,273	11,312	1,843	4,204	17,705	9,766	5,018	2,959	9,660	2,410	-3,615	4,594	2,919	333	-8,387	8,407	8,492	6,902	-1,544	12,022	15,809	13,700	11,942	20,294	21,693	24,411	12,674	13,162	18,142	16,492	2,104	11,184	14,056	12,051	6,691	9,587	11,461	10,167	1,225	3,289	6,728	7,008	3,677	4,082	10,545	6,412	-1,786	1,398	7,862	7,376	-467	12,242	17,225	12,819	8,476	27,489	19,283	16,004	12,754	20,100	27,400	29,700	15,300	39,400	20,400	16,000	6,600	6,000	6,300	-	-
Ebitda	147,569	155,858	111,712	91,289	79,631	100,873	76,889	56,264	66,632	63,945	54,768	51,165	48,121	71,650	78,761	36,949	58,272	66,205	35,659	27,775	37,796	63,645	54,456	28,322	24,690	44,614	39,956	18,875	25,951	38,380	28,292	22,066	23,941	35,522	30,597	16,634	14,797	19,981	16,312	6,497	8,857	22,310	14,305	9,793	8,108	14,992	7,422	1,522	10,419	7,615	5,046	-3,568	13,967	13,294	10,346	2,092	15,653	19,059	17,040	15,220	23,417	25,328	27,779	15,241	15,121	19,867	18,198	3,674	12,568	15,416	13,389	7,974	10,875	12,822	11,446	2,410	7,822	8,147	8,272	4,911	8,894	8,270	8,173	755	5,071	9,557	9,063	1,721	18,636	23,355	18,792	14,445	33,978	25,505	22,088	18,861	26,200	33,400	35,400	20,600	44,200	24,400	19,100	8,700	8,100	6,900	47,400	39,500
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
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	0	0	0	0	0	0	-	-
Gross Profit	269,777	277,499	227,920	205,405	211,248	202,224	174,992	153,144	154,071	159,212	126,455	123,469	136,999	147,196	145,695	117,093	132,560	142,702	120,016	106,665	118,175	127,868	111,183	89,053	93,731	100,858	95,738	75,954	88,265	92,816	89,426	73,502	83,927	87,465	82,049	64,688	69,304	66,459	61,859	52,149	61,428	67,021	59,967	51,467	55,073	55,651	54,512	42,744	50,625	49,108	47,510	34,209	56,900	50,309	41,965	39,508	54,671	57,405	58,321	55,202	72,868	67,127	67,826	53,420	54,528	54,298	51,723	36,514	45,576	46,209	42,464	36,844	36,930	41,035	40,114	29,313	35,179	33,280	33,121	30,206	29,393	35,427	34,802	27,752	33,804	40,023	38,734	30,560	70,063	73,138	69,071	63,897	75,048	74,155	73,573	73,791	80,000	79,300	79,000	65,700	79,800	59,200	46,000	29,600	41,000	19,600	47,400	39,500
Income Before Tax	111,729	125,438	85,202	65,825	70,199	74,435	53,515	37,709	50,968	61,296	42,782	35,228	54,141	58,367	54,565	24,467	45,131	48,706	31,106	26,799	34,463	52,136	43,344	18,733	26,017	35,869	27,683	11,369	25,980	32,274	27,564	15,252	23,905	29,499	24,578	10,682	14,348	14,028	10,082	1,770	9,714	18,225	14,049	4,792	8,567	9,328	7,218	-3,774	1,392	-42,862	5,675	-8,869	7,992	8,329	2,161	1,895	11,680	15,612	16,889	11,598	20,177	22,060	24,760	13,594	13,899	18,811	17,096	2,740	11,798	14,724	12,514	7,237	-24,038	11,435	8,335	1,034	3,012	6,124	7,518	1,862	-4,740	5,378	3,334	-5,972	752	7,153	7,890	-5,472	8,320	12,406	6,827	2,103	-10,750	-6,476	-874	7,032	14,100	22,600	25,600	11,600	21,700	19,200	14,800	6,100	6,900	7,000	-	-
Income Tax Expense	20,148	20,313	15,726	8,609	14,775	12,920	11,269	-49,053	13,373	14,999	9,817	8,737	11,301	8,279	15,070	6,751	11,079	12,473	6,933	6,933	9,307	13,595	10,797	2,074	18,478	13,585	9,711	3,892	9,113	11,803	9,847	5,497	9,022	9,613	8,796	3,793	2,527	4,649	3,746	692	3,782	6,588	5,735	2,043	4,014	4,003	3,171	-1,106	-693	-6,293	2,513	-3,699	2,196	2,919	515	730	4,144	6,072	6,491	4,656	7,686	8,295	9,567	5,353	5,218	7,333	6,595	934	4,299	5,757	4,797	2,910	4,575	4,971	3,730	505	1,624	2,634	3,213	819	-2,380	2,572	728	-1,969	352	3,378	2,692	-1,519	5,229	6,764	3,536	1,003	5,517	-2,787	31	3,024	5,900	9,700	11,000	5,000	9,300	8,400	6,500	2,700	3,400	3,100	-2,800	-800
Interest Expense	401	1,886	3,918	4,076	4,556	3,609	3,026	2,129	536	1,585	1,360	1,497	1,477	1,733	2,554	2,617	1,527	2,779	2,983	1,037	1,089	1,152	736	713	749	961	1,041	390	472	563	604	701	391	399	454	505	496	561	462	336	315	347	340	338	361	406	424	397	455	462	466	487	293	832	289	285	256	301	160	337	339	380	410	258	177	129	145	164	152	163	146	155	151	166	383	375	370	374	294	528	318	1,107	941	990	990	959	1,102	1,899	4,084	5,171	6,476	6,228	6,986	7,122	6,683	6,095	0	5,300	0	4,200	3,200	1,900	0	0	0	0	-	-
Interest Income	1,051	9,661	92	1,397	364	5	6	3	17	2,829	3	3	4	1,697	28	64	50	82	67	25	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,662	2,213	2,378	1,823	1,139	1,774	1,935	688	339	233	552	163	794	-348	-421	-1,639	338	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	91,581	105,125	69,476	57,216	55,424	61,515	42,246	86,762	37,595	46,297	32,965	26,491	42,840	50,088	39,495	17,716	34,052	36,233	24,173	19,866	25,156	38,541	32,547	16,659	7,539	22,284	17,972	7,477	16,867	20,471	17,717	9,755	13,221	17,673	13,404	5,066	10,682	7,605	4,401	375	5,596	11,379	7,762	2,532	4,351	5,673	4,468	-1,029	1,747	-36,569	3,162	-5,170	5,796	5,371	1,646	1,927	7,602	9,540	10,098	6,942	12,491	13,765	15,193	8,241	8,681	11,478	10,501	1,806	7,514	8,962	7,921	4,327	-17,564	6,169	4,678	529	2,006	3,490	4,174	1,043	-3,511	175	2,573	-4,816	-334	3,740	4,768	-217,254	3,091	5,642	3,291	1,100	-16,267	-3,689	-905	4,008	8,200	12,900	14,600	6,600	12,400	10,800	8,300	3,400	3,500	3,900	2,800	800
Net Income Applicable To Common Shares	0	105,125	69,476	57,216	55,424	61,515	42,246	86,762	37,595	46,297	32,965	26,491	42,840	50,088	39,495	17,716	34,052	36,233	24,173	19,866	25,156	38,541	32,547	16,659	7,539	22,284	17,972	7,477	16,953	20,471	17,717	9,755	13,221	17,673	13,404	5,066	10,682	7,605	4,401	390	5,596	11,404	7,762	2,586	4,351	5,673	4,468	-1,029	1,747	-36,569	3,162	0	5,796	5,410	1,646	1,165	7,536	9,540	10,398	7,122	12,720	13,737	15,169	8,178	8,681	11,478	10,501	1,806	7,499	8,967	7,717	4,534	-6,096	6,096	4,883	1,280	2,628	3,341	4,435	952	-2,595	2,595	2,447	0	1,898	3,581	4,998	0	11,930	1,194	1,217	0	0	0	-4,008	4,008	0	0	0	0	0	0	0	0	0	0	-	-
Net Income From Continuing Ops	91,581	105,125	69,476	57,216	55,424	61,515	42,246	86,762	37,595	46,297	32,965	26,491	42,840	50,088	39,495	17,716	34,052	36,233	24,173	19,866	25,156	38,541	32,547	16,659	7,539	22,284	17,972	7,477	16,953	20,471	17,717	9,755	14,883	19,886	15,782	6,889	11,821	9,379	6,336	1,078	5,932	11,637	8,314	2,749	4,790	5,325	4,047	-2,668	0	-36,569	3,162	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	650	-934	-3,826	-2,679	-4,556	-3,604	-3,020	-2,126	-1,736	-1,585	-1,357	-1,494	-1,477	-1,726	-2,526	-2,553	-2,376	-2,697	-2,983	-1,037	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-2,962	-984	-5,284	-3,392	-110	4,147	3,390	-1,223	4,745	1,120	7,341	3,415	-3,843	2,361	1,003	-1,919	-1,546	-118	-2,460	498	3,905	205	2,877	2,495	-541	3	908	887	-445	487	116	37	201	19	-45	-196	-104	209	974	838	17	44	832	-12	-15	26	0	5,077	540	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-2,210	6,630	-4,420	1,105	3,315	-3,315	1,105	0	1,105	0	0	0	727	0	727	0	0	0	0	0	0	0	0	0	0	55,134	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	119,659	135,143	92,082	70,885	59,529	81,436	56,651	35,691	49,331	64,105	39,397	35,605	48,281	56,685	60,962	24,723	46,554	53,404	35,702	27,979	38,032	52,790	40,175	19,241	23,904	34,335	29,265	11,756	25,547	31,950	28,615	15,466	24,184	29,861	24,831	11,168	14,892	14,785	10,648	1,897	9,059	17,734	14,379	5,086	8,098	9,746	7,661	-3,403	820	-47,461	5,601	-8,328	7,109	8,453	2,376	2,104	11,831	15,793	17,040	11,715	20,115	21,876	24,566	12,810	13,079	18,093	16,543	2,156	11,223	14,155	12,099	6,726	-24,295	11,475	9,387	1,270	3,291	6,593	7,404	3,018	-163	6,414	4,290	-4,359	1,564	7,977	8,180	-3,913	12,284	17,382	13,049	8,144	11,847	9,912	10,802	12,856	20,100	27,500	30,000	15,500	32,200	20,800	16,200	6,800	6,800	6,800	47,400	39,500
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Operating Expenses	1,237,907	1,243,560	1,204,940	1,104,267	1,037,590	1,038,982	961,680	849,848	807,272	769,971	674,989	634,506	650,882	657,791	682,818	675,962	673,612	654,222	614,792	510,713	550,642	541,965	495,068	445,911	437,374	446,700	436,272	367,881	366,791	396,976	399,135	370,621	359,911	381,002	391,887	358,555	341,658	355,886	351,515	319,617	321,503	332,372	336,785	320,943	307,825	325,893	347,328	333,029	313,169	320,498	306,566	290,472	306,174	299,195	242,766	234,371	244,870	275,899	283,309	269,575	311,755	326,759	330,531	282,895	280,205	267,997	263,977	247,484	256,851	273,521	252,291	231,128	241,889	231,978	230,982	203,420	207,982	204,937	196,544	190,205	193,110	202,835	196,953	185,611	201,665	206,714	203,720	192,684	364,794	391,553	379,092	359,746	387,761	414,010	394,168	349,710	341,700	347,300	311,500	276,400	262,500	211,600	160,500	111,000	130,500	62,800	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Reconciled Depreciation	21,576	20,386	20,086	19,518	20,102	19,792	20,616	20,837	18,944	18,326	15,698	15,976	14,505	15,350	18,083	12,691	13,129	13,424	14,295	10,724	11,957	11,010	10,482	9,240	10,120	10,437	10,760	6,139	6,495	6,513	6,900	6,258	6,030	5,922	5,841	5,623	5,974	5,708	5,000	4,654	4,653	4,605	4,539	4,775	5,149	5,332	5,012	5,137	5,825	4,696	4,713	4,819	5,560	4,802	3,444	3,636	3,631	3,250	3,340	3,278	3,123	3,635	3,368	2,567	1,959	1,725	1,706	1,570	1,384	1,360	1,338	1,283	1,288	1,361	1,279	1,185	4,533	1,419	1,264	1,234	4,812	-2,275	1,761	2,541	3,673	1,695	1,687	2,188	6,394	6,130	5,973	5,969	6,489	6,222	6,084	6,107	6,100	6,000	5,700	5,300	4,800	4,000	3,100	2,100	2,100	2,300	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	4,004	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	676	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	160,026	133,419	136,430	135,032	131,650	121,194	118,724	117,776	105,259	95,287	87,549	88,214	92,924	90,888	85,045	92,924	86,588	90,006	84,506	78,905	80,458	75,297	71,208	70,023	70,033	66,707	66,599	63,247	62,956	61,032	61,023	58,181	59,998	57,902	57,369	53,696	54,494	52,200	50,573	50,385	52,591	49,404	45,699	46,520	46,352	46,004	47,090	46,363	46,094	41,493	41,928	42,622	48,526	41,885	35,611	37,409	42,848	41,713	41,276	43,489	52,732	45,434	43,363	40,640	41,401	36,173	35,207	34,377	34,324	32,139	30,414	30,134	27,272	29,613	30,752	28,077	28,541	26,687	25,717	27,188	26,830	28,064	29,400	30,949	32,022	32,046	30,554	32,595	54,758	52,735	53,001	52,494	56,712	58,021	56,687	54,828	53,800	45,800	43,300	44,900	42,800	34,400	26,700	20,700	32,100	12,200	-	-
Tax Provision	20,148	20,313	15,726	8,609	14,775	12,920	11,269	-49,053	13,373	14,999	9,817	8,737	11,301	8,279	15,070	6,751	11,079	12,473	6,933	6,933	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	150,118	142,935	136,430	135,032	131,650	121,194	118,724	117,776	105,259	95,287	87,549	88,214	88,920	90,888	85,045	92,924	86,588	90,006	84,506	78,905	80,458	75,297	71,208	70,023	70,033	66,707	66,599	63,247	62,956	61,032	61,023	58,181	59,998	57,902	57,369	53,696	54,494	52,200	50,573	50,385	52,591	49,404	45,699	46,520	47,028	46,004	47,090	46,363	46,094	41,493	41,928	42,622	48,503	41,856	35,143	37,404	42,848	41,713	41,281	43,487	55,595	45,251	43,260	40,610	41,449	36,205	35,180	34,358	34,353	32,054	30,365	30,118	61,225	29,560	30,727	28,043	31,888	26,687	25,717	27,188	29,556	28,064	29,400	30,949	32,240	32,046	30,554	32,595	57,779	55,756	56,022	55,515	63,201	64,243	62,771	60,935	59,900	51,800	49,000	50,200	47,600	38,400	29,800	22,800	34,200	12,800	-	-
Total Other Income Expense Net	-7,930	-8,192	-2,462	-5,060	10,670	-7,001	-3,136	2,018	3,892	-1,044	5,233	1,467	7,539	3,785	-3,559	2,851	1,535	-1,293	-1,421	76	-2,165	692	4,091	402	3,068	2,663	-443	-959	1,143	1,050	-235	631	367	335	285	194	34	328	-744	331	1,192	950	121	176	883	74	220	238	-2,747	-50,015	536	5	-122	669	-4,452	12	-86	104	9	-7	2,432	183	155	136	-83	-49	51	52	39	99	48	35	-33,882	14	-780	45	2	-135	396	-659	-4,245	-907	-1,010	-1,411	166	115	804	-1,568	42	157	230	-94	-15,642	-9,371	-5,202	102	-6,000	100	300	200	-7,200	400	200	200	800	500	-	-
Total Revenue	1,357,566	1,378,124	1,296,430	1,174,640	1,117,188	1,120,012	1,017,948	885,216	856,084	833,896	713,895	669,761	698,961	714,099	743,468	700,131	719,584	706,918	650,302	538,473	588,359	594,536	535,043	464,941	461,072	480,851	465,411	380,588	392,100	428,760	427,538	385,942	383,840	410,565	416,567	369,547	356,468	370,145	362,801	321,381	330,340	349,989	351,053	325,890	315,870	335,540	354,750	329,410	317,700	328,113	312,148	282,059	314,571	307,648	249,588	236,475	256,693	291,591	300,349	281,290	329,028	348,635	355,097	295,705	293,284	286,090	280,520	249,640	268,074	287,676	264,390	237,854	217,594	243,453	240,369	204,690	211,273	211,530	203,948	193,223	192,947	210,198	202,355	182,414	203,229	214,691	211,900	190,649	377,078	408,935	392,141	368,128	399,608	423,922	404,970	362,566	361,800	374,800	341,500	291,900	294,700	232,400	176,700	117,800	137,300	69,600	47,400	39,500

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

Gross Profit (+$)
totalRevenue	5,206,760
Cost of Revenue	-4,254,485
Gross Profit	952,275	952,275

Operating Income (+$)
Gross Profit	952,275
Operating Expense	-536,189
Operating Income	416,086	416,086

Operating Expense (+$)
Research Development	0
Selling General Administrative	546,047
Selling And Marketing Expenses	0
Operating Expense	536,189	546,047

Net Interest Income (+$)
Interest Income	2,805
Interest Expense	-10,281
Other Finance Cost	-4,519
Net Interest Income	-11,995

Pretax Income (+$)
Operating Income	416,086
Net Interest Income	-11,995
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	388,194	443,978 EBIT - interestExpense = 405,805 388,194 333,679
Interest Expense	10,281
Earnings Before Interest and Taxes (EBIT)	416,086	398,475
Earnings Before Interest and Taxes (EBITDA)	523,616

After tax Income (+$)
Income Before Tax	388,194
Tax Provision	-59,423
Net Income From Continuing Ops	287,241	328,771
Net Income	323,398
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	4,790,674
Total Other Income/Expenses Net	-27,892	11,995

Technical Analysis of Comfort Systems USA 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 Comfort Systems USA Inc. The general trend of Comfort Systems USA Inc is BULLISH with 85.7% 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 Comfort Systems USA 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 (85.7%)		Bearish trend (-85.7%)
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 Comfort Systems USA 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: 319.94 < 325.33 < 335.25.

The bearish price targets are: 206.91 > 198.78 > 188.81.

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Comfort Systems USA 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 Comfort Systems USA Inc. The current mas is .

The long score for the Moving Averages is 13/14.
The longshort score for the Moving Averages is 12/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Comfort Systems USA 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 Comfort Systems USA Inc. The current macd is 0.55980359.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

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

Comfort Systems USA 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 Comfort Systems USA Inc. The current adx is 28.23.

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

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

Comfort Systems USA 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 Comfort Systems USA Inc. The current sar is 288.09.

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

Comfort Systems USA 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 Comfort Systems USA Inc. The current rsi is 55.83. The current phase is Continuation in bull market.

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

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Comfort Systems USA 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 Comfort Systems USA Inc. The current phase is Continuation in bull market.

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

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

Comfort Systems USA 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 Comfort Systems USA Inc. The current cci is 9.91366273.

Comfort Systems USA 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 Comfort Systems USA Inc. The current cmo is 15.44.

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

Comfort Systems USA 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 Comfort Systems USA Inc. The current willr is -38.89526725.

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

Comfort Systems USA 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 Comfort Systems USA Inc.

Comfort Systems USA 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 Comfort Systems USA Inc. The current atr is 10.21.

Comfort Systems USA 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 Comfort Systems USA Inc. The current obv is 4,358,368.

Comfort Systems USA 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 Comfort Systems USA Inc. The current mfi is 36.57.

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

Comfort Systems USA Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Comfort Systems USA 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	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-06	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-08	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-11	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-12	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-13	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-14	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-15	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	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	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-03	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
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-10	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-17	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-18	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-22	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-23	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-24	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-26	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
2024-01-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-30	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-31	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-02	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-08	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-13	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-23	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.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-29	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-04	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-05	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-11	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-03-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-21	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-25	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-04	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-09	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-10	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-11	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.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-17	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-04-18	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-24	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.

6.3. Candlestick Patterns

Comfort Systems USA Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	55.833
Ma 20	Greater than	Ma 50	308.574
Ma 50	Greater than	Ma 100	300.865
Ma 100	Greater than	Ma 200	254.440
Open	Greater than	Close	304.580
Total			4/5 (80.0%)

Create your own Symbol Scanner

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Quick analysis of Comfort Systems USA Inc (30 sec.)

What can you expect buying and holding a share of Comfort Systems USA 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 Comfort Systems USA Inc (5 min.)

$311.40

$35.64

$88.89 - $207.09

$124.54 - $242.73

2. Growth of Comfort Systems USA Inc (5 min.)

Is Comfort Systems USA Inc growing?

How much money is Comfort Systems USA Inc making?

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

3. Financial Health of Comfort Systems USA Inc (5 min.)

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

Industry Rankings (Engineering & Construction)

What can you expect buying and holding a share of Comfort Systems USA Inc? (5 min.)

What can you expect buying and holding a share of Comfort Systems USA Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Comfort Systems USA Inc

About Comfort Systems USA Inc

Financial Health

Valuation

1.1. Profitability of Comfort Systems USA Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Engineering & Construction)

1.1.2. Return on Assets

Trends

Compared to industry (Engineering & Construction)

1.1.3. Return on Equity

Trends

Compared to industry (Engineering & Construction)

1.2. Operating Efficiency of Comfort Systems USA Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Engineering & Construction)

1.2.2. Operating Ratio

Trends

Compared to industry (Engineering & Construction)

1.3. Liquidity of Comfort Systems USA Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Engineering & Construction)

1.3.2. Quick Ratio

Trends

Compared to industry (Engineering & Construction)

1.4. Solvency of Comfort Systems USA Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Engineering & Construction)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Engineering & Construction)

2. Market Valuation of Comfort Systems USA Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Engineering & Construction)

Comfort Systems USA Inc
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