Flowers Foods Inc
Buy, Hold or Sell?

Let's analyse Flowers Foods Inc together

Penke I guess you are interested in Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc (30 sec.)

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

How much money do you get?

$0.92

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$6.37

Expected worth in 1 year

$5.96

How sure are you?

90.0%

+ What do you gain per year?

Total Gains per Share

$0.51

Return On Investment

2.1%

For what price can you sell your share?

Current Price per Share

$24.58

Expected price per share

$22.08 - $25.39

How sure are you?

50%

1. Valuation of Flowers Foods Inc (5 min.)

Live pricePrice per Share (EOD)

$24.58

Book Value per Share

$6.37

Intrinsic Value Per Share

$7.25 - $12.25

Total Value Per Share

$13.61 - $18.61

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.27) 3Y: ($0.24) TTM: ($0.26)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($0.00) TTM: ($0.04)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.92	$1.10	$0.96 - $1.14
2	$1.80	$2.23	$0.96 - $1.22
3	$2.62	$3.40	$0.96 - $1.29
4	$3.40	$4.59	$0.96 - $1.36
5	$4.14	$5.82	$0.96 - $1.43
6	$4.83	$7.06	$0.96 - $1.50
7	$5.49	$8.33	$0.97 - $1.57
8	$6.11	$9.62	$0.97 - $1.64
9	$6.69	$10.93	$0.97 - $1.71
10	$7.25	$12.25	$0.97 - $1.78

2. Growth of Flowers Foods Inc (5 min.)

Is Flowers Foods Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.3b	$1.4b	-$31.7m	-2.2%

How much money is Flowers Foods Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$30.8m	$57m	-$26.2m	-85.1%
Net Profit Margin	2.3%	4.7%	-	-

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

Quarterly Yearly

3. Financial Health of Flowers Foods Inc (5 min.)

4. Comparing to competitors in the Packaged Foods industry (5 min.)

Industry Rankings (Packaged Foods)

Richest
#93 / 490

Most Revenue
#95 / 490

Most Profit
#127 / 490

Most Efficient
#266 / 490

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

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

What can you expect buying and holding a share of Flowers Foods Inc?

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

Speculation

The Price per Share of Flowers Foods Inc is $24.58. 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 Flowers Foods 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 Flowers Foods 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 $6.37. Based on the TTM, the Book Value Change Per Share is $-0.10 per quarter. Based on the YOY, the Book Value Change Per Share is $0.04 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 $0.23 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Flowers Foods Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.17	0.7%	0.14	0.6%	0.27	1.1%	0.21	0.8%	0.20	0.8%
Usd Book Value Change Per Share	-0.13	-0.5%	-0.10	-0.4%	0.04	0.2%	0.02	0.1%	0.03	0.1%
Usd Dividend Per Share	0.23	0.9%	0.23	0.9%	0.22	0.9%	0.21	0.8%	0.18	0.7%
Usd Total Gains Per Share	0.10	0.4%	0.13	0.5%	0.26	1.1%	0.23	0.9%	0.21	0.9%
Usd Price Per Share	22.51	-	24.25	-	26.37	-	24.04	-	21.95	-
Price to Earnings Ratio	33.49	-	12.46	-	26.53	-	36.86	-	30.61	-
Price-to-Total Gains Ratio	233.06	-	70.98	-	120.46	-	113.47	-	82.74	-
Price to Book Ratio	3.54	-	3.64	-	3.89	-	3.70	-	3.60	-
Price-to-Total Gains Ratio	233.06	-	70.98	-	120.46	-	113.47	-	82.74	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	24.58
Number of shares	40

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.23	0.21
Usd Book Value Change Per Share	-0.10	0.02
Usd Total Gains Per Share	0.13	0.23
Gains per Quarter (40 shares)	5.07	9.18
Gains per Year (40 shares)	20.28	36.70

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	37	-16	10	33	3	27
2	73	-33	30	67	7	64
3	110	-49	50	100	10	101
4	147	-66	70	133	14	138
5	184	-82	90	166	17	175
6	220	-99	110	200	20	212
7	257	-115	130	233	24	249
8	294	-132	150	266	27	286
9	331	-148	170	300	31	323
10	367	-165	190	333	34	360

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	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	37.0	3.0	0.0	92.5%	90.0	6.0	0.0	93.8%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	6.0	6.0	0.0	50.0%	12.0	8.0	0.0	60.0%	27.0	13.0	0.0	67.5%	61.0	35.0	0.0	63.5%
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%	90.0	0.0	6.0	93.8%
Total Gains per Share	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	19.0	1.0	0.0	95.0%	36.0	4.0	0.0	90.0%	77.0	19.0	0.0	80.2%

Fundamentals of Flowers Foods Inc

About Flowers Foods Inc

https://www.flowersfoods.com
Packaged Foods
9300
1919 Flowers Circle, Thomasville, GA, United States, 31757
Google Maps Bing Maps

Flowers Foods, Inc. produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley's, and Tastykake brand names. The company distributes its products through a direct-store-delivery distribution and a warehouse delivery system, as well as operates bakeries. Its customers include national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries; wholesale distributors; mass merchandisers, supermarkets, vending outlets, and convenience stores; quick-serve chains, food wholesalers, institutions, dollar stores, and vending companies; and public health care, military commissaries, and prisons, and other governmental institutions. The company was formerly known as Flowers Industries and changed its name to Flowers Foods, Inc. in 2001. Flowers Foods, Inc. was founded in 1919 and is headquartered in Thomasville, Georgia.

Fundamental data was last updated by Penke on 2024-04-13 14:11:04.

Financial Health

Profitability Details

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

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is 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 not able to pay all its short-term debts with the most liquid assets.

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Flowers Foods Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Flowers Foods Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Flowers Foods Inc to the Packaged Foods industry mean.
A Net Profit Margin of 3.2% means that $0.03 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Flowers Foods Inc:

The MRQ is 3.2%. The company is making a profit. +1
The TTM is 2.3%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	3.2%	TTM	2.3%	+0.9%
TTM	2.3%	YOY	4.7%	-2.4%
TTM	2.3%	5Y	3.9%	-1.6%
5Y	3.9%	10Y	4.1%	-0.2%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	3.2%	3.0%	+0.2%
TTM	2.3%	2.9%	-0.6%
YOY	4.7%	3.0%	+1.7%
5Y	3.9%	3.4%	+0.5%
10Y	4.1%	3.7%	+0.4%

Measures how much net profit Flowers Foods Inc earns for each $1 of revenue.

Revenue is the amount of profit Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc to the Packaged Foods industry mean.
Can be used to compare companies within the Packaged Foods industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Flowers Foods Inc. If profit margins remain low (compared to the Packaged Foods 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 Flowers Foods Inc is 0.03. This means that Flowers Foods Inc earned $0.03 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 Packaged Foods industry is 3.0%.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc with other companies in the same industry (Packaged Foods).
Net profit margin should rise over the years.
Can be influenced when Flowers Foods Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc = 35,676
Total revenue MRQ Flowers Foods Inc = 1,129,027
$35,676 / $1,129,027 = 0.03 or 3.2%

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 Flowers Foods Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Flowers Foods Inc to the Packaged Foods industry mean.
1.0% Return on Assets means that Flowers Foods Inc generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Flowers Foods Inc:

The MRQ is 1.0%. Using its assets, the company is less efficient in making profit.
The TTM is 0.9%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.0%	TTM	0.9%	+0.2%
TTM	0.9%	YOY	1.7%	-0.8%
TTM	0.9%	5Y	1.3%	-0.4%
5Y	1.3%	10Y	1.4%	-0.1%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	1.0%	1.4%	-0.4%
TTM	0.9%	1.4%	-0.5%
YOY	1.7%	1.4%	+0.3%
5Y	1.3%	1.5%	-0.2%
10Y	1.4%	1.7%	-0.3%

Shows how efficient Flowers Foods 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 Flowers Foods Inc to the Packaged Foods 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 Flowers Foods Inc is using its resources to generate profit. If the return on assets (1.0%) from Flowers Foods Inc are higher than the Packaged Foods mean (1.4%) that means Flowers Foods 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 Flowers Foods Inc is 1.0%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Packaged Foods industry is 1.4%.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Flowers Foods Inc = 35,676
Total assets MRQ (balance sheet) from Flowers Foods Inc = 3,426,953
35,676 / 3,426,953 = 0.01 or 1.0%

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

Above 15%-20% is considered healthy but always compare Flowers Foods Inc to the Packaged Foods industry mean.
2.6% Return on Equity means Flowers Foods Inc generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Flowers Foods Inc:

The MRQ is 2.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.1%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.6%	TTM	2.1%	+0.5%
TTM	2.1%	YOY	3.9%	-1.8%
TTM	2.1%	5Y	3.1%	-1.0%
5Y	3.1%	10Y	3.3%	-0.2%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	2.6%	3.0%	-0.4%
TTM	2.1%	2.8%	-0.7%
YOY	3.9%	3.1%	+0.8%
5Y	3.1%	3.0%	+0.1%
10Y	3.3%	3.2%	+0.1%

Shows how efficient Flowers Foods 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 Flowers Foods Inc to the Packaged Foods 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 Packaged Foods 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 Flowers Foods Inc is 2.6%. This means Flowers Foods Inc generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Packaged Foods industry is 3.0%.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods Inc up to 10 years back (depending if Flowers Foods 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 Flowers Foods Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Flowers Foods Inc = 35,676
Shareholders equity (balance sheet) MRQ Flowers Foods Inc = 1,351,782
35,676 / 1,351,782 = 0.03 or 2.6%

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 Flowers Foods Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Flowers Foods Inc is operating .

Measures how much profit Flowers Foods 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 Flowers Foods Inc to the Packaged Foods industry mean.
An Operating Margin of 5.0% means the company generated $0.05 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Flowers Foods Inc:

The MRQ is 5.0%. The company is operating less efficient.
The TTM is 3.5%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	5.0%	TTM	3.5%	+1.5%
TTM	3.5%	YOY	6.2%	-2.7%
TTM	3.5%	5Y	6.2%	-2.7%
5Y	6.2%	10Y	6.9%	-0.7%

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	5.0%	5.1%	-0.1%
TTM	3.5%	3.6%	-0.1%
YOY	6.2%	4.9%	+1.3%
5Y	6.2%	5.2%	+1.0%
10Y	6.9%	5.2%	+1.7%

Measures how efficient Flowers Foods 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 Flowers Foods Inc to the Packaged Foods 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 Flowers Foods 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 Flowers Foods Inc is 5.0%. This means that Flowers Foods Inc earned $0.05 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Packaged Foods industry is 5.1%.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Flowers Foods Inc = 56,387
Total revenue MRQ Flowers Foods Inc = 1,129,027
$56,387 / $1,129,027 = 0.05 or 5.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Flowers Foods Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Packaged Foods industry mean).
An Operation Ratio of 0.95 means that the operating costs are $0.95 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Flowers Foods Inc:

The MRQ is 0.950. The company is less efficient in keeping operating costs low.
The TTM is 0.965. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.950	TTM	0.965	-0.015
TTM	0.965	YOY	0.936	+0.029
TTM	0.965	5Y	0.939	+0.026
5Y	0.939	10Y	0.934	+0.005

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.950	1.553	-0.603
TTM	0.965	1.513	-0.548
YOY	0.936	1.458	-0.522
5Y	0.939	1.395	-0.456
10Y	0.934	1.257	-0.323

Measures how efficient Flowers Foods 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 Flowers Foods Inc to the Packaged Foods 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 Flowers Foods Inc is 95.0%. This means that Flowers Foods Inc earned $0.95 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 Packaged Foods industry is 1.55.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods 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 Flowers Foods 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
(624,735 +447,905) \ 1,129,027 = 0.95

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 Flowers Foods Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Flowers Foods Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Packaged Foods industry mean).
A Current Ratio of 1.04 means the company has $1.04 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Flowers Foods Inc:

The MRQ is 1.043. The company is just able to pay all its short-term debts.
The TTM is 1.195. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.043	TTM	1.195	-0.151
TTM	1.195	YOY	1.574	-0.379
TTM	1.195	5Y	1.480	-0.286
5Y	1.480	10Y	1.426	+0.054

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	1.043	1.558	-0.515
TTM	1.195	1.607	-0.412
YOY	1.574	1.604	-0.030
5Y	1.480	1.639	-0.159
10Y	1.426	1.629	-0.203

Measures if Flowers Foods 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 Packaged Foods 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 Flowers Foods 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 Flowers Foods Inc is 1.04. This means Flowers Foods Inc has $1.04 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Packaged Foods industry is 1.56.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
687,713 \ 659,152) = 1.04

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

Above 1 is considered healthy but always compare Flowers Foods Inc to the Packaged Foods industry mean.
A Quick Ratio of 0.05 means the company can pay off $0.05 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Flowers Foods Inc:

The MRQ is 0.049. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.547. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.049	TTM	0.547	-0.498
TTM	0.547	YOY	0.627	-0.080
TTM	0.547	5Y	0.673	-0.125
5Y	0.673	10Y	0.718	-0.045

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.049	0.552	-0.503
TTM	0.547	0.565	-0.018
YOY	0.627	0.613	+0.014
5Y	0.673	0.696	-0.023
10Y	0.718	0.729	-0.011

Measures if Flowers Foods 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 Flowers Foods Inc to the Packaged Foods 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 Flowers Foods Inc can pay off its short term debts. This shows if Flowers Foods 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 Flowers Foods Inc is 0.05. This means that Flowers Foods Inc can pay off $0.05 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Packaged Foods industry is 0.55.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc: (22,527 + 0 +9,764) / 659,152 = 0.05

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 Flowers Foods Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Flowers Foods Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Flowers Foods Inc to Packaged Foods industry mean.
A Debt to Asset Ratio of 0.61 means that Flowers Foods Inc assets are financed with 60.6% credit (debt) and the remaining percentage (100% - 60.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Flowers Foods Inc:

The MRQ is 0.606. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.592. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.606	TTM	0.592	+0.014
TTM	0.592	YOY	0.566	+0.026
TTM	0.592	5Y	0.586	+0.005
5Y	0.586	10Y	0.566	+0.020

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	0.606	0.484	+0.122
TTM	0.592	0.490	+0.102
YOY	0.566	0.481	+0.085
5Y	0.586	0.482	+0.104
10Y	0.566	0.492	+0.074

Measures how much % of Flowers Foods Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Flowers Foods Inc to Packaged Foods 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 Flowers Foods Inc is 0.61. This means means that Flowers Foods Inc is financed with 60.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Packaged Foods industry is 155.8%.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Flowers Foods Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,075,171 \ 3,426,953 = 60.6% 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 Flowers Foods Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Flowers Foods Inc to the Packaged Foods industry mean.
A Debt to Equity ratio of 153.5% means that company has $1.54 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Flowers Foods Inc:

The MRQ is 1.535. The company is just able to pay all its debts with equity.
The TTM is 1.450. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.535	TTM	1.450	+0.085
TTM	1.450	YOY	1.304	+0.146
TTM	1.450	5Y	1.421	+0.029
5Y	1.421	10Y	1.313	+0.108

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
MRQ	1.535	0.950	+0.585
TTM	1.450	0.960	+0.490
YOY	1.304	0.939	+0.365
5Y	1.421	0.996	+0.425
10Y	1.313	1.077	+0.236

Measures if Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc is 1.54. This means that Flowers Foods Inc can pay off $1.54 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Packaged Foods industry is 0.95.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods 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 Flowers Foods Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,075,171 \ 1,351,782 = 1.54 or 153.5%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Flowers Foods 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 Flowers Foods Inc generates.

Above 15 is considered overpriced but always compare Flowers Foods Inc to the Packaged Foods industry mean.
A PE ratio of 33.49 means the investor is paying $33.49 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Flowers Foods Inc:

The EOD is 36.569. Based on the earnings, the company is overpriced. -1
The MRQ is 33.489. Based on the earnings, the company is overpriced. -1
The TTM is 12.463. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	36.569	MRQ	33.489	+3.080
MRQ	33.489	TTM	12.463	+21.027
TTM	12.463	YOY	26.534	-14.072
TTM	12.463	5Y	36.857	-24.394
5Y	36.857	10Y	30.605	+6.252

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
EOD	36.569	13.584	+22.985
MRQ	33.489	12.632	+20.857
TTM	12.463	13.835	-1.372
YOY	26.534	12.870	+13.664
5Y	36.857	16.287	+20.570
10Y	30.605	19.118	+11.487

Measures how much money you pay for each share for every $1 in earnings Flowers Foods 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 Flowers Foods Inc to the Packaged Foods 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 Flowers Foods Inc is 33.49. This means the investor is paying $33.49 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Packaged Foods industry is 12.63.
What is the trend?
The trend is important because it shows you how Flowers Foods Inc is performing over time. The most recent quarter might be important if Flowers Foods 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 Flowers Foods 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 Flowers Foods 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 \ 212,309 = EPS
PE ratio MRQ = 33.49

* 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 Flowers Foods Inc:

The EOD is 21.567. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 19.751. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 32.180. Based on how much money comes from the company's main activities, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	21.567	MRQ	19.751	+1.816
MRQ	19.751	TTM	32.180	-12.429
TTM	32.180	YOY	50.760	-18.580
TTM	32.180	5Y	22.383	+9.797
5Y	22.383	10Y	40.632	-18.249

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
EOD	21.567	3.515	+18.052
MRQ	19.751	3.536	+16.215
TTM	32.180	1.897	+30.283
YOY	50.760	0.359	+50.401
5Y	22.383	1.403	+20.980
10Y	40.632	1.424	+39.208

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Packaged Foods industry mean).
A PB ratio of 3.54 means the investor is paying $3.54 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Flowers Foods Inc:

The EOD is 3.861. Based on the equity, the company is fair priced.
The MRQ is 3.535. Based on the equity, the company is fair priced.
The TTM is 3.639. Based on the equity, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	3.861	MRQ	3.535	+0.325
MRQ	3.535	TTM	3.639	-0.103
TTM	3.639	YOY	3.887	-0.248
TTM	3.639	5Y	3.700	-0.061
5Y	3.700	10Y	3.597	+0.103

Compared to industry (Packaged Foods)

Period	Company	Industry (mean)	+/-
EOD	3.861	1.427	+2.434
MRQ	3.535	1.447	+2.088
TTM	3.639	1.437	+2.202
YOY	3.887	1.757	+2.130
5Y	3.700	1.848	+1.852
10Y	3.597	2.413	+1.184

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Flowers Foods Inc

Institutions are holding 78.034% of the shares of Flowers Foods Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	9.5685	0.0099	20148077	84001	0.4187
2023-12-31	BlackRock Inc	8.7386	0.0106	18400645	-21196	-0.1151
2023-12-31	Wellington Shields Capital Mgmt LLC	6.7342	39.8179	14179924	-1113	-0.0078
2023-12-31	T. Rowe Price Associates, Inc.	5.6289	0.0359	11852645	746717	6.7236
2023-12-31	State Street Corporation	4.4124	0.0102	9291136	-94489	-1.0067
2023-12-31	Wellington Shields & Co., LLC	3.2533	36.6284	6850405	1030	0.015
2023-12-31	Renaissance Technologies Corp	2.6589	0.1951	5598785	168500	3.103
2023-12-31	BTIM Corp	2.1767	0.7784	4583334	1238749	37.0375
2023-12-31	First Trust Advisors L.P.	1.7526	0.0906	3690327	37237	1.0193
2023-12-31	Dimensional Fund Advisors, Inc.	1.7174	0.0238	3616216	18730	0.5206
2023-12-31	Geode Capital Management, LLC	1.6536	0.0082	3481975	85644	2.5217
2023-12-31	Southeast Asset Advisors Inc.	1.5561	9.776	3276549	125761	3.9914
2023-12-31	Morgan Stanley - Brokerage Accounts	1.388	0.0058	2922646	765395	35.4801
2023-12-31	Bank of New York Mellon Corp	1.2977	0.0125	2732496	348767	14.6312
2023-12-31	Goldman Sachs Group Inc	1.0968	0.0047	2309454	1217729	111.5417
2023-12-31	Charles Schwab Investment Management Inc	0.8932	0.0108	1880785	65691	3.6192
2023-12-31	Macquarie Group Ltd	0.8042	0.044	1693477	-238050	-12.3244
2023-12-31	Cooke & Bieler LP	0.7134	0.298	1502203	-13185	-0.8701
2023-12-31	Northern Trust Corp	0.6831	0.0059	1438286	-31562	-2.1473
2023-12-31	ProShare Advisors LLC	0.6688	0.0969	1408208	-5852	-0.4138
Total		57.3964	87.8636	120857573	+4498504	+3.7%

3.2. Funds holding Flowers Foods Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	T. Rowe Price US Mid-Cap Value Equity	3.2282	1.1115	6797594	350136	5.4306
2023-12-31	T. Rowe Price Mid-Cap Value	3.2282	1.1136	6797594	350136	5.4306
2024-03-28	iShares Core S&P Mid-Cap ETF	2.8365	0.1668	5972642	-8592	-0.1436
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.5134	0.0077	5292427	-15650	-0.2948
2024-02-29	Vanguard Small Cap Index	2.0671	0.0694	4352708	39749	0.9216
2023-12-31	T. Rowe Price U.S. Mid-Cap Val Eq Tr-Z	1.6319	1.0947	3436274	303286	9.6804
2024-02-29	Vanguard Small Cap Value Index Inv	1.41	0.1252	2968928	18982	0.6435
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3479	0.0624	2838225	2212	0.078
2024-03-28	SPDR® S&P Dividend ETF	1.2218	0.2905	2572760	0	0
2024-03-31	First Trust Value Line® Dividend ETF	1.1718	0.5732	2467410	0	0
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7287	0.1636	1534461	5772	0.3776
2024-03-28	ProShares S&P MidCap 400 Dividend Arst	0.6234	1.9351	1312603	0	0
2024-02-29	Delaware Small Cap Value A	0.5858	0.5844	1233500	122000	10.9762
2024-03-28	iShares S&P Mid-Cap 400 Value ETF	0.5353	0.3503	1127115	3215	0.2861
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5348	0.0604	1126030	25200	2.2892
2024-02-29	Vanguard Dividend Appreciation ETF	0.5252	0.0272	1105946	5670	0.5153
2024-02-29	Boston Trust Walden Small Cap	0.5248	1.9242	1105151	-11975	-1.0719
2024-02-29	Fidelity Extended Market Index	0.5153	0.0634	1084950	15087	1.4102
2024-03-29	Schwab US Small-Cap ETF™	0.4283	0.1254	901906	0	0
2024-02-29	State St S&P Midcap® Indx SL Cl II	0.4279	0.1604	900996	0	0
Total		26.0863	10.0094	54929220	+1205228	+2.2%

3.3. Insider Transactions

Insiders are holding 7.597% of the shares of Flowers Foods Inc.

Date	Owner	Type	Amount	Price
2024-04-02	Edward J Jr. Casey	BUY	5000	23.55
2024-03-11	Terry S Thomas	SELL	36577	23.11
2023-12-20	R Steve Kinsey	BUY	1780	22.46
2023-12-18	Ryals Mcmullian	BUY	9100	21.99
2023-06-28	H Mark Courtney	SELL	14272	24.39

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Flowers Foods 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	-	-	-0.132	-0.103	-22%	0.039	-434%	0.021	-718%	0.033	-504%
Book Value Per Share	-	-	6.367	6.654	-4%	6.783	-6%	6.491	-2%	6.094	+4%
Current Ratio	-	-	1.043	1.195	-13%	1.574	-34%	1.480	-30%	1.426	-27%
Debt To Asset Ratio	-	-	0.606	0.592	+2%	0.566	+7%	0.586	+3%	0.566	+7%
Debt To Equity Ratio	-	-	1.535	1.450	+6%	1.304	+18%	1.421	+8%	1.313	+17%
Dividend Per Share	-	-	0.228	0.230	-1%	0.219	+4%	0.208	+10%	0.180	+27%
Eps	-	-	0.168	0.144	+16%	0.268	-37%	0.206	-18%	0.201	-17%
Free Cash Flow Per Share	-	-	0.285	0.260	+10%	0.225	+27%	0.290	-2%	0.268	+6%
Free Cash Flow To Equity Per Share	-	-	0.062	0.155	-60%	-0.036	+157%	0.065	-5%	0.079	-21%
Gross Profit Margin	-	-	0.998	4.231	-76%	-4.185	+519%	-34.486	+3555%	-23.700	+2474%
Intrinsic Value_10Y_max	-	-	12.248	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	7.246	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.098	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.924	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	3.397	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	2.621	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	5.815	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	4.135	-	-	-	-	-	-	-	-
Market Cap	5189550623.360	+8%	4779075590.000	5154877310.000	-7%	5621256655.000	-15%	5112630752.000	-7%	4662974429.514	+2%
Net Profit Margin	-	-	0.032	0.023	+39%	0.047	-32%	0.039	-18%	0.041	-22%
Operating Margin	-	-	0.050	0.035	+42%	0.062	-20%	0.062	-20%	0.069	-27%
Operating Ratio	-	-	0.950	0.965	-2%	0.936	+1%	0.939	+1%	0.934	+2%
Pb Ratio	3.861	+8%	3.535	3.639	-3%	3.887	-9%	3.700	-4%	3.597	-2%
Pe Ratio	36.569	+8%	33.489	12.463	+169%	26.534	+26%	36.857	-9%	30.605	+9%
Price Per Share	24.580	+8%	22.510	24.245	-7%	26.365	-15%	24.042	-6%	21.950	+3%
Price To Free Cash Flow Ratio	21.567	+8%	19.751	32.180	-39%	50.760	-61%	22.383	-12%	40.632	-51%
Price To Total Gains Ratio	254.497	+8%	233.064	70.981	+228%	120.457	+93%	113.468	+105%	82.740	+182%
Quick Ratio	-	-	0.049	0.547	-91%	0.627	-92%	0.673	-93%	0.718	-93%
Return On Assets	-	-	0.010	0.009	+18%	0.017	-39%	0.013	-21%	0.014	-28%
Return On Equity	-	-	0.026	0.021	+25%	0.039	-33%	0.031	-16%	0.033	-20%
Total Gains Per Share	-	-	0.097	0.127	-24%	0.258	-63%	0.229	-58%	0.213	-55%
Usd Book Value	-	-	1351782001.000	1414524750.250	-4%	1446236750.000	-7%	1380264350.050	-2%	1294181100.025	+4%
Usd Book Value Change Per Share	-	-	-0.132	-0.103	-22%	0.039	-434%	0.021	-718%	0.033	-504%
Usd Book Value Per Share	-	-	6.367	6.654	-4%	6.783	-6%	6.491	-2%	6.094	+4%
Usd Dividend Per Share	-	-	0.228	0.230	-1%	0.219	+4%	0.208	+10%	0.180	+27%
Usd Eps	-	-	0.168	0.144	+16%	0.268	-37%	0.206	-18%	0.201	-17%
Usd Free Cash Flow	-	-	60493000.000	55202000.000	+10%	47954500.000	+26%	61543700.000	-2%	56999875.000	+6%
Usd Free Cash Flow Per Share	-	-	0.285	0.260	+10%	0.225	+27%	0.290	-2%	0.268	+6%
Usd Free Cash Flow To Equity Per Share	-	-	0.062	0.155	-60%	-0.036	+157%	0.065	-5%	0.079	-21%
Usd Market Cap	5189550623.360	+8%	4779075590.000	5154877310.000	-7%	5621256655.000	-15%	5112630752.000	-7%	4662974429.514	+2%
Usd Price Per Share	24.580	+8%	22.510	24.245	-7%	26.365	-15%	24.042	-6%	21.950	+3%
Usd Profit	-	-	35676000.000	30854000.000	+16%	57098500.000	-38%	43742650.000	-18%	42770975.000	-17%
Usd Revenue	-	-	1129027000.000	1272707500.000	-11%	1201455500.000	-6%	1136969200.000	-1%	1052029750.000	+7%
Usd Total Gains Per Share	-	-	0.097	0.127	-24%	0.258	-63%	0.229	-58%	0.213	-55%
	EOD	+4 -4	MRQ	TTM	+15 -21	YOY	+12 -24	5Y	+8 -28	10Y	+16 -20

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	36.569
Price to Book Ratio (EOD)	Between	0-1	3.861
Net Profit Margin (MRQ)	Greater than	0	0.032
Operating Margin (MRQ)	Greater than	0	0.050
Quick Ratio (MRQ)	Greater than	1	0.049
Current Ratio (MRQ)	Greater than	1	1.043
Debt to Asset Ratio (MRQ)	Less than	1	0.606
Debt to Equity Ratio (MRQ)	Less than	1	1.535
Return on Equity (MRQ)	Greater than	0.15	0.026
Return on Assets (MRQ)	Greater than	0.05	0.010
Total			4/10 (40.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	71.726
Ma 20	Greater than	Ma 50	23.320
Ma 50	Greater than	Ma 100	22.884
Ma 100	Greater than	Ma 200	22.511
Open	Greater than	Close	24.050
Total			4/5 (80.0%)

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Latest Balance Sheet

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

Summary

Total Assets	3,426,953
Total Liabilities	2,075,171
Total Stockholder Equity	1,351,782

	As reported
Total Liabilities	2,075,171
Total Stockholder Equity	+ 1,351,782
Total Assets	= 3,426,953

Assets

Total Assets	3,426,953
Total Current Assets	687,713
Long-term Assets	2,739,240

Total Current Assets

Total Current Assets (as reported)	687,713
Cash And Cash Equivalents	22,527
Net Receivables	9,764
Other Current Assets	655,422
Total Current Assets (calculated)	687,713
+/-	0

Long-term Assets

Long-term Assets (as reported)	2,739,240
Property Plant Equipment	2,575,383
Goodwill	677,796
Long Term Investments	7,924
Intangible Assets	657,742
Long-term Assets (calculated)	3,918,845
+/-	1,179,605

Liabilities & Shareholders' Equity

Total Current Liabilities	659,152
Long-term Liabilities	1,416,019
Total Stockholder Equity	1,351,782

Total Current Liabilities

Total Current Liabilities (as reported)	659,152
Short-term Debt	47,606
Short Long Term Debt	18,180
Accounts payable	318,600
Other Current Liabilities	289,729
Total Current Liabilities (calculated)	674,115
+/-	14,963

Long-term Liabilities

Long-term Liabilities (as reported)	1,416,019
Long term Debt	1,048,144
Capital Lease Obligations	284,501
Long-term Liabilities Other	323
Long-term Liabilities (calculated)	1,332,968
+/-	83,051

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,351,782
Common Stock	199
Retained Earnings	932,472
Accumulated Other Comprehensive Income	621
Other Stockholders Equity	418,490
Total Stockholder Equity (calculated)	1,351,782
+/-	0

Other

Capital Stock	199
Cash and Short Term Investments	22,527
Common Stock Shares Outstanding	212,309
Current Deferred Revenue	3,217
Liabilities and Stockholders Equity	3,426,953
Net Debt	1,310,118
Net Invested Capital	2,418,106
Net Working Capital	28,561
Property Plant and Equipment Gross	2,777,395
Short Long Term Debt Total	1,332,645

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

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2021-09-30

2021-06-30

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2015-12-31

2015-09-30

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2014-03-31

2013-12-31

2013-09-30

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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

> Total Assets

3,162,296
3,097,980
3,134,622
1,562,600
1,156,602
1,151,787
1,168,440
1,099,691
1,107,981
1,108,480
1,126,484
1,096,380
1,069,936
828,310
820,750
847,239
841,958
849,344
856,563
875,648
847,428
841,562
859,365
851,069
907,325
927,014
926,282
906,590
927,030
937,024
950,613
987,535
1,053,298
1,024,398
1,411,396
1,353,244
1,348,058
1,365,460
1,354,653
1,351,442
1,323,436
1,333,349
1,337
1,325,489
1,335,775
1,589,678
1,604,212
1,553,998
1,729,881
1,754,553
1,950,317
2,002,820
2,160,598
2,155,466
2,501,416
2,506,422
2,477,131
2,484,087
2,477,204
2,402,770
2,422,852
2,427,627
2,752,243
2,882,556
2,815,672
2,817,860
2,809,615
2,761,068
2,736,725
2,721,708
2,682,679
2,659,724
2,670,257
2,717,307
2,693,137
2,845,537
3,239,333
3,219,792
3,209,426
3,177,776
3,413,073
3,398,794
3,385,468
3,323,023
3,272,016
3,325,926
3,323,396
3,253,313
3,332,337
3,340,721
3,343,307
3,312,994
3,481,867
3,505,835
3,434,639
3,426,953

3,426,953

3,434,639

3,505,835

3,481,867

3,312,994

3,343,307

3,340,721

3,332,337

3,253,313

3,323,396

3,325,926

3,272,016

3,323,023

3,385,468

3,398,794

3,413,073

3,177,776

3,209,426

3,219,792

3,239,333

2,845,537

2,693,137

2,717,307

2,670,257

2,659,724

2,682,679

2,721,708

2,736,725

2,761,068

2,809,615

2,817,860

2,815,672

2,882,556

2,752,243

2,427,627

2,422,852

2,402,770

2,477,204

2,484,087

2,477,131

2,506,422

2,501,416

2,155,466

2,160,598

2,002,820

1,950,317

1,754,553

1,729,881

1,553,998

1,604,212

1,589,678

1,335,775

1,325,489

1,337

1,333,349

1,323,436

1,351,442

1,354,653

1,365,460

1,348,058

1,353,244

1,411,396

1,024,398

1,053,298

987,535

950,613

937,024

927,030

906,590

926,282

927,014

907,325

851,069

859,365

841,562

847,428

875,648

856,563

849,344

841,958

847,239

820,750

828,310

1,069,936

1,096,380

1,126,484

1,108,480

1,107,981

1,099,691

1,168,440

1,151,787

1,156,602

1,562,600

3,134,622

3,097,980

3,162,296

> Total Current Assets

0
0
0
267,300
296,570
296,914
320,108
252,540
267,027
273,009
309,319
310,564
476,211
235,913
243,831
266,708
258,872
266,707
266,701
269,892
250,549
249,748
258,714
237,570
243,871
260,824
261,790
242,116
258,634
261,508
272,126
269,234
328,599
299,020
383,204
352,243
357,493
358,967
353,333
338,955
312,190
315,944
319
313,714
329,234
390,928
392,677
363,834
562,651
594,926
412,041
455,664
504,583
505,212
487,178
471,098
477,684
500,813
505,062
434,076
489,694
516,332
513,277
534,903
495,129
512,272
494,145
455,782
487,517
489,276
524,021
483,226
533,220
570,927
569,635
517,379
577,388
569,461
565,827
526,209
831,820
849,472
866,643
1,014,615
788,131
839,972
849,333
900,428
818,866
971,775
977,251
804,940
715,853
748,940
714,579
687,713

687,713

714,579

748,940

715,853

804,940

977,251

971,775

818,866

900,428

849,333

839,972

788,131

1,014,615

866,643

849,472

831,820

526,209

565,827

569,461

577,388

517,379

569,635

570,927

533,220

483,226

524,021

489,276

487,517

455,782

494,145

512,272

495,129

534,903

513,277

516,332

489,694

434,076

505,062

500,813

477,684

471,098

487,178

505,212

504,583

455,664

412,041

594,926

562,651

363,834

392,677

390,928

329,234

313,714

319

315,944

312,190

338,955

353,333

358,967

357,493

352,243

383,204

299,020

328,599

269,234

272,126

261,508

258,634

242,116

261,790

260,824

243,871

237,570

258,714

249,748

250,549

269,892

266,701

266,707

258,872

266,708

243,831

235,913

476,211

310,564

309,319

273,009

267,027

252,540

320,108

296,914

296,570

267,300

Cash And Cash Equivalents

0
0
0
11,800
11,330
7,708
4,713
12,280
6,030
3,654
5,542
69,826
27,008
36,351
46,788
42,416
29,403
39,077
35,608
47,458
30,443
15,425
11,447
11,001
15,391
17,644
29,228
13,914
14,957
13,264
25,192
19,978
42,478
19,532
17,383
19,964
18,517
20,100
16,094
18,948
8,421
6,529
7
6,755
8,667
13,741
8,196
7,783
186,147
222,329
14,137
13,275
14,246
12,057
10,655
8,530
8,801
8,532
8,075
7,523
7,966
46,544
8,780
14,378
11,469
11,592
7,535
6,410
6,513
7,179
7,074
5,129
34,216
29,554
49,727
25,306
11,584
9,769
6,968
11,044
252,683
299,562
325,831
307,476
250,570
292,270
307,523
185,871
205,147
162,511
172,744
165,134
27,720
11,711
14,561
22,527

22,527

14,561

11,711

27,720

165,134

172,744

162,511

205,147

185,871

307,523

292,270

250,570

307,476

325,831

299,562

252,683

11,044

6,968

9,769

11,584

25,306

49,727

29,554

34,216

5,129

7,074

7,179

6,513

6,410

7,535

11,592

11,469

14,378

8,780

46,544

7,966

7,523

8,075

8,532

8,801

8,530

10,655

12,057

14,246

13,275

14,137

222,329

186,147

7,783

8,196

13,741

8,667

6,755

6,529

8,421

18,948

16,094

20,100

18,517

19,964

17,383

19,532

42,478

19,978

25,192

13,264

14,957

13,914

29,228

17,644

15,391

11,001

11,447

15,425

30,443

47,458

35,608

39,077

29,403

42,416

46,788

36,351

27,008

69,826

5,542

3,654

6,030

12,280

4,713

7,708

11,330

11,800

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
17,800
21,700
8,900
16,876
1,000
18,900
32,300
16,077
19,800
10,500
17,200
20,716
7,300
16,700
9,800
3,039
11,200
800
15,700
16,324
1,056
18,197
7,255
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

7,255

18,197

1,056

16,324

15,700

800

11,200

3,039

9,800

16,700

7,300

20,716

17,200

10,500

19,800

16,077

32,300

18,900

1,000

16,876

8,900

21,700

17,800

Net Receivables

0
0
0
113,100
130,086
121,050
135,371
104,104
112,361
113,027
128,713
104,121
119,797
104,144
96,412
99,373
109,582
112,936
118,549
117,736
117,875
125,438
131,030
120,751
132,425
143,659
137,765
131,879
143,247
140,481
139,302
137,682
151,763
164,865
171,247
178,077
179,710
182,520
176,197
178,708
180,406
184,735
177,143
166,281
176,776
197,289
193,375
195,455
200,851
203,179
221,581
261,634
267,472
266,485
266,839
263,017
268,761
261,939
251,349
244,843
258,249
260,864
267,762
20,593
283,848
293,519
284,071
272,833
283,946
288,439
294,438
290,183
25,659
307,135
298,218
291,399
26,801
27,401
27,543
299,530
341,807
28,211
28,291
204,839
298,259
308,072
301,999
183,403
338,097
171,403
168,700
26,472
375,674
439,308
377,141
9,764

9,764

377,141

439,308

375,674

26,472

168,700

171,403

338,097

183,403

301,999

308,072

298,259

204,839

28,291

28,211

341,807

299,530

27,543

27,401

26,801

291,399

298,218

307,135

25,659

290,183

294,438

288,439

283,946

272,833

284,071

293,519

283,848

20,593

267,762

260,864

258,249

244,843

251,349

261,939

268,761

263,017

266,839

266,485

267,472

261,634

221,581

203,179

200,851

195,455

193,375

197,289

176,776

166,281

177,143

184,735

180,406

178,708

176,197

182,520

179,710

178,077

171,247

164,865

151,763

137,682

139,302

140,481

143,247

131,879

137,765

143,659

132,425

120,751

131,030

125,438

117,875

117,736

118,549

112,936

109,582

99,373

96,412

104,144

119,797

104,121

128,713

113,027

112,361

104,104

135,371

121,050

130,086

113,100

Other Current Assets

191,206
162,338
169,054
33,200
51,599
47,304
52,168
47,155
51,075
52,860
55,613
54,720
271,529
36,023
56,133
34,429
52,554
50,838
30,171
33,916
33,379
38,623
41,367
55,456
19,555
22,355
18,642
15,195
17,260
24,153
28,190
33,800
53,274
26,547
69,385
28,738
62,643
338,867
337,239
59,589
303,769
309,415
311
41,924
35,325
39,317
384,481
356,051
21,751
25,786
23,201
442,389
30,130
32,854
29,162
462,568
29,066
48,108
56,752
426,553
40,219
29,110
38,443
499,932
26,933
35,877
29,489
449,372
32,493
25,730
51,138
478,097
473,345
55,996
38,528
492,073
539,003
532,291
531,316
515,165
1,780
521,699
512,521
502,300
317
289
213
531,154
21,961
637,861
635,807
613,334
24,373
21,070
21,562
655,422

655,422

21,562

21,070

24,373

613,334

635,807

637,861

21,961

531,154

213

289

317

502,300

512,521

521,699

1,780

515,165

531,316

532,291

539,003

492,073

38,528

55,996

473,345

478,097

51,138

25,730

32,493

449,372

29,489

35,877

26,933

499,932

38,443

29,110

40,219

426,553

56,752

48,108

29,066

462,568

29,162

32,854

30,130

442,389

23,201

25,786

21,751

356,051

384,481

39,317

35,325

41,924

311

309,415

303,769

59,589

337,239

338,867

62,643

28,738

69,385

26,547

53,274

33,800

28,190

24,153

17,260

15,195

18,642

22,355

19,555

55,456

41,367

38,623

33,379

33,916

30,171

50,838

52,554

34,429

56,133

36,023

271,529

54,720

55,613

52,860

51,075

47,155

52,168

47,304

51,599

33,200

169,054

162,338

191,206

> Long-term Assets

0
0
0
1,295,300
860,032
854,873
848,332
847,151
840,954
835,471
817,165
785,816
593,725
592,397
576,919
580,531
583,086
582,637
589,862
605,756
596,879
591,814
600,651
613,499
663,454
666,190
664,492
664,474
668,396
675,516
678,487
718,301
724,699
725,378
1,028,192
1,001,001
990,565
1,006,493
1,001,320
1,012,487
1,011,246
1,017,405
1,018
1,011,775
1,006,541
1,198,750
1,211,535
1,190,164
1,167,230
1,159,627
1,538,276
1,547,156
1,656,015
1,650,254
2,014,238
2,035,324
1,999,447
1,983,274
1,972,142
1,968,694
1,933,158
1,911,295
2,238,966
2,347,653
2,320,543
2,305,588
2,315,470
2,305,286
2,249,208
2,232,432
2,158,658
2,176,498
2,137,037
2,146,380
2,123,502
2,328,158
2,661,945
2,650,331
2,643,599
2,651,567
2,581,253
2,549,322
2,518,825
2,308,408
2,483,885
2,485,954
2,474,063
2,352,885
2,513,471
2,368,946
2,366,056
2,508,054
2,766,014
2,756,895
2,720,060
2,739,240

2,739,240

2,720,060

2,756,895

2,766,014

2,508,054

2,366,056

2,368,946

2,513,471

2,352,885

2,474,063

2,485,954

2,483,885

2,308,408

2,518,825

2,549,322

2,581,253

2,651,567

2,643,599

2,650,331

2,661,945

2,328,158

2,123,502

2,146,380

2,137,037

2,176,498

2,158,658

2,232,432

2,249,208

2,305,286

2,315,470

2,305,588

2,320,543

2,347,653

2,238,966

1,911,295

1,933,158

1,968,694

1,972,142

1,983,274

1,999,447

2,035,324

2,014,238

1,650,254

1,656,015

1,547,156

1,538,276

1,159,627

1,167,230

1,190,164

1,211,535

1,198,750

1,006,541

1,011,775

1,018

1,017,405

1,011,246

1,012,487

1,001,320

1,006,493

990,565

1,001,001

1,028,192

725,378

724,699

718,301

678,487

675,516

668,396

664,474

664,492

666,190

663,454

613,499

600,651

591,814

596,879

605,756

589,862

582,637

583,086

580,531

576,919

592,397

593,725

785,816

817,165

835,471

840,954

847,151

848,332

854,873

860,032

1,295,300

Property Plant Equipment

1,198,794
1,204,702
1,195,007
569,500
621,835
619,509
611,897
610,432
607,448
607,307
597,631
579,739
429,126
428,387
423,512
431,988
434,620
433,399
435,932
438,848
429,239
428,227
438,677
451,921
463,455
464,356
463,774
464,442
457,444
461,430
460,960
486,522
489,083
489,952
591,103
587,196
578,764
582,189
580,294
602,576
589,930
596,905
599
604,693
600,313
701,331
702,761
685,487
676,835
670,951
728,912
725,836
720,291
718,716
893,708
867,004
840,286
824,302
821,954
807,458
789,661
777,473
784,612
804,968
787,767
778,160
789,080
781,026
756,478
741,885
735,927
732,026
721,643
716,254
720,197
743,847
1,114,147
1,111,639
1,113,566
1,117,124
1,082,133
1,071,850
1,047,850
1,033,524
1,047,667
1,046,724
1,046,302
1,091,217
1,110,577
1,112,477
1,113,501
1,124,539
1,236,273
1,233,678
1,224,805
2,575,383

2,575,383

1,224,805

1,233,678

1,236,273

1,124,539

1,113,501

1,112,477

1,110,577

1,091,217

1,046,302

1,046,724

1,047,667

1,033,524

1,047,850

1,071,850

1,082,133

1,117,124

1,113,566

1,111,639

1,114,147

743,847

720,197

716,254

721,643

732,026

735,927

741,885

756,478

781,026

789,080

778,160

787,767

804,968

784,612

777,473

789,661

807,458

821,954

824,302

840,286

867,004

893,708

718,716

720,291

725,836

728,912

670,951

676,835

685,487

702,761

701,331

600,313

604,693

599

596,905

589,930

602,576

580,294

582,189

578,764

587,196

591,103

489,952

489,083

486,522

460,960

461,430

457,444

464,442

463,774

464,356

463,455

451,921

438,677

428,227

429,239

438,848

435,932

433,399

434,620

431,988

423,512

428,387

429,126

579,739

597,631

607,307

607,448

610,432

611,897

619,509

621,835

569,500

1,195,007

1,204,702

1,198,794

Goodwill

0
0
0
129,500
124,608
122,560
125,048
125,680
124,766
123,811
123,201
54,249
63,348
63,482
63,482
57,038
58,567
58,567
58,567
58,567
58,600
58,600
58,600
58,567
75,026
76,244
76,244
75,537
75,537
75,537
75,537
76,338
76,338
76,338
197,938
200,035
200,035
200,035
199,058
201,682
200,153
200,153
200,153
200,153
200,153
220,475
364,099
360,961
219,730
219,948
276,170
269,897
270,154
271,334
276,230
282,404
280,135
277,402
282,960
282,960
282,960
282,960
425,216
464,926
464,926
464,926
465,578
465,578
464,777
464,777
464,777
464,777
464,777
464,777
464,777
545,379
545,244
545,244
545,244
545,244
545,244
545,244
545,244
545,244
545,244
545,244
545,244
545,244
545,244
545,244
545,244
545,244
676,274
677,796
677,796
677,796

677,796

676,274

545,244

545,379

464,777

465,578

464,926

425,216

282,960

277,402

280,135

282,404

276,230

271,334

270,154

269,897

276,170

219,948

219,730

360,961

364,099

220,475

200,153

201,682

199,058

200,035

197,938

76,338

75,537

76,244

75,026

58,567

58,600

58,567

57,038

63,482

63,348

54,249

123,201

123,811

124,766

125,680

125,048

122,560

124,608

129,500

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
92,646
91,888
92,860
92,340
100,563
101,137
102,322
101,823
101,196
100,946
102,723
110,979
124,779
134,176
142,845
149,929
156,086
156,807
161,905
164,280
164,853
162,385
154,311
147,441
149,739
153,211
154,924
159,468
169,274
179,124
187,737
199,876
203,426
203,576
204,125
203,083
201,729
200,523
198,639
193,126
187,540
182,061
176,412
3,176
3,205
158,261
154,310
148,786
144,689
141,835
136,882
134,066
13,475
13,345
7,924

7,924

13,345

13,475

134,066

136,882

141,835

144,689

148,786

154,310

158,261

3,205

3,176

176,412

182,061

187,540

193,126

198,639

200,523

201,729

203,083

204,125

203,576

203,426

199,876

187,737

179,124

169,274

159,468

154,924

153,211

149,739

147,441

154,311

162,385

164,853

164,280

161,905

156,807

156,086

149,929

142,845

134,176

124,779

110,979

102,723

100,946

101,196

101,823

102,322

101,137

100,563

92,340

92,860

91,888

92,646

Intangible Assets

0
0
0
125,360
124,608
122,560
125,048
125,680
124,766
123,811
123,201
98,821
71,330
71,339
71,157
71,159
72,270
72,155
77,754
77,552
76,998
72,684
72,428
72,172
25,855
25,200
24,661
24,121
23,401
22,862
22,432
22,051
21,570
21,178
107,645
106,293
104,579
105,898
104,494
103,080
101,219
99,824
98,428
97,032
95,188
145,062
143,146
141,231
138,724
136,963
390,848
388,384
476,045
473,165
663,393
656,710
653,090
650,374
647,669
644,969
646,394
643,684
820,625
875,466
867,813
862,073
856,487
835,964
827,409
820,993
748,527
742,442
734,475
728,500
722,524
794,929
785,906
779,139
772,373
750,207
740,665
730,123
722,994
714,918
706,130
709,651
702,428
695,432
685,819
678,994
671,718
664,381
682,259
674,809
665,068
657,742

657,742

665,068

674,809

682,259

664,381

671,718

678,994

685,819

695,432

702,428

709,651

706,130

714,918

722,994

730,123

740,665

750,207

772,373

779,139

785,906

794,929

722,524

728,500

734,475

742,442

748,527

820,993

827,409

835,964

856,487

862,073

867,813

875,466

820,625

643,684

646,394

644,969

647,669

650,374

653,090

656,710

663,393

473,165

476,045

388,384

390,848

136,963

138,724

141,231

143,146

145,062

95,188

97,032

98,428

99,824

101,219

103,080

104,494

105,898

104,579

106,293

107,645

21,178

21,570

22,051

22,432

22,862

23,401

24,121

24,661

25,200

25,855

72,172

72,428

72,684

76,998

77,552

77,754

72,155

72,270

71,159

71,157

71,339

71,330

98,821

123,201

123,811

124,766

125,680

125,048

122,560

124,608

125,360

Long-term Assets Other

0
0
0
596,300
113,589
112,804
111,387
94,955
97,253
92,721
89,167
84,989
74,490
76,959
76,724
77,384
76,196
77,083
76,176
89,356
90,642
90,903
89,546
89,406
99,118
100,390
99,813
100,374
112,014
115,687
119,558
133,390
137,708
137,910
131,506
12,825
107,187
118,371
117,474
10,692
119,944
120,523
121
17,037
110,887
131,882
144,675
143,716
131,941
131,765
142,346
163,039
189,525
187,039
180,907
229,206
225,936
231,196
219,559
233,307
214,143
207,178
208,513
202,293
200,037
200,429
204,325
46,734
200,544
204,777
209,427
25,551
216,142
236,849
216,004
13,533
13,565
12,580
11,893
12,644
12,461
14,565
20,676
14,722
5,693
8,104
12,150
20,992
168,888
20,564
24,090
26,030
159,692
14,812
14,742
40,286

40,286

14,742

14,812

159,692

26,030

24,090

20,564

168,888

20,992

12,150

8,104

5,693

14,722

20,676

14,565

12,461

12,644

11,893

12,580

13,565

13,533

216,004

236,849

216,142

25,551

209,427

204,777

200,544

46,734

204,325

200,429

200,037

202,293

208,513

207,178

214,143

233,307

219,559

231,196

225,936

229,206

180,907

187,039

189,525

163,039

142,346

131,765

131,941

143,716

144,675

131,882

110,887

17,037

121

120,523

119,944

10,692

117,474

118,371

107,187

12,825

131,506

137,910

137,708

133,390

119,558

115,687

112,014

100,374

99,813

100,390

99,118

89,406

89,546

90,903

90,642

89,356

76,176

77,083

76,196

77,384

76,724

76,959

74,490

84,989

89,167

92,721

97,253

94,955

111,387

112,804

113,589

596,300

> Total Liabilities

2,416,894
2,332,635
2,353,069
1,060,200
540,314
530,361
541,829
478,054
482,761
477,099
484,975
503,384
484,679
249,873
237,853
269,588
260,177
269,798
284,495
303,075
333,779
330,675
339,067
334,135
348,154
360,911
361,391
337,859
321,897
314,072
297,896
323,516
346,371
326,801
714,412
709,190
687,174
682,996
657,763
623,416
575,387
554,643
539
529,699
537,571
791,659
811,239
795,030
948,244
940,829
1,086,656
1,144,200
1,214,374
1,169,404
1,495,095
1,430,233
1,339,875
1,338,071
1,316,005
1,279,726
1,264,740
1,236,093
1,523,827
1,639,474
1,659,790
1,665,070
1,632,393
1,550,988
1,491,940
1,457,121
1,490,705
1,409,047
1,378,726
1,419,372
1,415,569
1,587,270
1,971,407
1,925,523
1,916,094
1,914,346
2,092,462
2,062,306
2,033,982
1,950,029
1,858,645
1,900,796
1,911,466
1,842,039
1,872,913
1,893,253
1,908,542
1,869,704
2,020,275
2,035,761
2,059,988
2,075,171

2,075,171

2,059,988

2,035,761

2,020,275

1,869,704

1,908,542

1,893,253

1,872,913

1,842,039

1,911,466

1,900,796

1,858,645

1,950,029

2,033,982

2,062,306

2,092,462

1,914,346

1,916,094

1,925,523

1,971,407

1,587,270

1,415,569

1,419,372

1,378,726

1,409,047

1,490,705

1,457,121

1,491,940

1,550,988

1,632,393

1,665,070

1,659,790

1,639,474

1,523,827

1,236,093

1,264,740

1,279,726

1,316,005

1,338,071

1,339,875

1,430,233

1,495,095

1,169,404

1,214,374

1,144,200

1,086,656

940,829

948,244

795,030

811,239

791,659

537,571

529,699

539

554,643

575,387

623,416

657,763

682,996

687,174

709,190

714,412

326,801

346,371

323,516

297,896

314,072

321,897

337,859

361,391

360,911

348,154

334,135

339,067

330,675

333,779

303,075

284,495

269,798

260,177

269,588

237,853

249,873

484,679

503,384

484,975

477,099

482,761

478,054

541,829

530,361

540,314

1,060,200

2,353,069

2,332,635

2,416,894

> Total Current Liabilities

637,615
626,156
673,494
182,400
198,717
192,935
205,125
186,214
204,457
195,085
216,447
204,519
401,752
162,247
156,533
163,132
148,215
153,623
161,520
191,022
154,246
151,668
160,807
174,275
169,513
184,420
180,739
185,242
187,376
204,549
192,823
213,645
235,611
210,261
293,568
265,069
255,888
240,203
234,727
221,772
202,175
217,690
223
242,772
260,420
297,889
278,138
225,651
278,174
294,676
334,297
289,933
332,328
325,455
320,560
296,510
325,189
339,142
336,084
281,057
352,908
344,304
381,922
403,738
440,538
470,101
347,213
329,134
352,931
358,001
408,532
381,856
373,804
411,299
401,411
389,443
495,145
494,945
521,942
463,431
504,914
478,375
459,107
504,105
461,206
509,767
536,591
519,917
538,024
570,161
594,531
564,425
542,119
555,457
669,859
659,152

659,152

669,859

555,457

542,119

564,425

594,531

570,161

538,024

519,917

536,591

509,767

461,206

504,105

459,107

478,375

504,914

463,431

521,942

494,945

495,145

389,443

401,411

411,299

373,804

381,856

408,532

358,001

352,931

329,134

347,213

470,101

440,538

403,738

381,922

344,304

352,908

281,057

336,084

339,142

325,189

296,510

320,560

325,455

332,328

289,933

334,297

294,676

278,174

225,651

278,138

297,889

260,420

242,772

223

217,690

202,175

221,772

234,727

240,203

255,888

265,069

293,568

210,261

235,611

213,645

192,823

204,549

187,376

185,242

180,739

184,420

169,513

174,275

160,807

151,668

154,246

191,022

161,520

153,623

148,215

163,132

156,533

162,247

401,752

204,519

216,447

195,085

204,457

186,214

205,125

192,935

198,717

182,400

673,494

626,156

637,615

Short-term Debt

0
0
0
0
27,852
29,540
30,164
15,648
36,744
20,573
21,470
27,231
235,892
1,528
1,475
5,286
4,777
4,237
968
5,087
4,475
3,893
2,910
4,652
4,914
4,942
4,836
7,406
7,084
6,936
6,773
6,920
4,414
3,300
18,832
22,538
21,481
20,357
18,506
25,763
24,398
25,340
26,817
28,432
29,097
31,682
33,558
42,768
53,571
62,694
72,016
88,842
38,146
20,277
23,171
47,619
30,737
34,272
35,654
50,164
34,471
34,180
53,465
74,685
110,470
130,359
11,654
31,395
10,511
12,140
12,469
17,794
11,806
9,706
11,286
21,446
62,262
62,349
64,008
78,479
72,301
71,481
68,511
51,908
61,725
66,340
69,212
47,974
63,940
49,397
48,898
45,769
64,537
68,326
60,995
47,606

47,606

60,995

68,326

64,537

45,769

48,898

49,397

63,940

47,974

69,212

66,340

61,725

51,908

68,511

71,481

72,301

78,479

64,008

62,349

62,262

21,446

11,286

9,706

11,806

17,794

12,469

12,140

10,511

31,395

11,654

130,359

110,470

74,685

53,465

34,180

34,471

50,164

35,654

34,272

30,737

47,619

23,171

20,277

38,146

88,842

72,016

62,694

53,571

42,768

33,558

31,682

29,097

28,432

26,817

25,340

24,398

25,763

18,506

20,357

21,481

22,538

18,832

3,300

4,414

6,920

6,773

6,936

7,084

7,406

4,836

4,942

4,914

4,652

2,910

3,893

4,475

5,087

968

4,237

4,777

5,286

1,475

1,528

235,892

27,231

21,470

20,573

36,744

15,648

30,164

29,540

27,852

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
34,496
0
0
0
74,685
110,470
130,359
11,654
11,490
10,511
847,005
12,469
12,095
11,806
9,706
11,286
5,000
14,762
14,358
17,380
17,497
11,482
11,780
11,335
16,900
10,480
10,741
13,438
17,161
11,448
14,026
16,344
17,960
13,699
17,637
11,268
18,180

18,180

11,268

17,637

13,699

17,960

16,344

14,026

11,448

17,161

13,438

10,741

10,480

16,900

11,335

11,780

11,482

17,497

17,380

14,358

14,762

5,000

11,286

9,706

11,806

12,095

12,469

847,005

10,511

11,490

11,654

130,359

110,470

74,685

34,496

Accounts payable

208,666
222,815
252,352
100,800
88,475
81,969
85,537
83,980
85,586
82,695
98,608
82,827
71,340
86,668
84,611
81,293
73,325
76,887
80,811
73,902
82,363
82,962
85,638
83,801
88,408
94,732
88,057
90,945
98,714
98,162
85,763
98,302
103,882
111,016
120,291
116,818
123,855
120,143
103,305
92,692
101,341
102,286
107,280
102,068
121,931
130,403
123,890
115,138
115,434
115,637
132,879
153,956
152,225
158,617
157,154
151,935
157,284
149,379
147,702
142,643
172,092
171,612
183,908
171,923
182,670
179,268
181,518
173,102
184,528
173,538
184,076
181,388
209,639
242,353
246,185
242,084
240,554
254,749
251,939
233,011
257,994
250,040
257,531
225,918
241,073
266,688
264,535
268,500
297,408
325,804
348,707
343,380
343,154
328,166
328,614
318,600

318,600

328,614

328,166

343,154

343,380

348,707

325,804

297,408

268,500

264,535

266,688

241,073

225,918

257,531

250,040

257,994

233,011

251,939

254,749

240,554

242,084

246,185

242,353

209,639

181,388

184,076

173,538

184,528

173,102

181,518

179,268

182,670

171,923

183,908

171,612

172,092

142,643

147,702

149,379

157,284

151,935

157,154

158,617

152,225

153,956

132,879

115,637

115,434

115,138

123,890

130,403

121,931

102,068

107,280

102,286

101,341

92,692

103,305

120,143

123,855

116,818

120,291

111,016

103,882

98,302

85,763

98,162

98,714

90,945

88,057

94,732

88,408

83,801

85,638

82,962

82,363

73,902

80,811

76,887

73,325

81,293

84,611

86,668

71,340

82,827

98,608

82,695

85,586

83,980

85,537

81,969

88,475

100,800

252,352

222,815

208,666

Other Current Liabilities

376,655
348,597
362,833
81,600
6,356
7,988
5,437
4,830
5,490
6,624
6,314
94,461
8,541
2,123
1,579
4,683
244
214
194
112,033
67,408
64,813
72,259
85,822
76,191
84,746
87,846
86,891
81,578
99,451
100,287
108,423
127,315
95,945
154,445
125,713
110,552
120,060
131,422
103,317
100,834
115,404
115,670
112,272
109,392
124,413
150,333
8,078
109,169
116,345
129,402
3,914
141,957
146,561
140,235
10,626
137,168
155,491
152,728
12,898
146,345
138,512
144,549
329,053
147,398
160,474
154,041
2,435
157,892
172,323
211,987
10,247
361,998
159,240
143,940
120,388
186,621
172,230
200,453
146,604
169,449
151,856
128,282
221,519
153,867
172,317
198,549
199,403
172,678
190,929
192,943
171,383
130,665
155,417
276,936
289,729

289,729

276,936

155,417

130,665

171,383

192,943

190,929

172,678

199,403

198,549

172,317

153,867

221,519

128,282

151,856

169,449

146,604

200,453

172,230

186,621

120,388

143,940

159,240

361,998

10,247

211,987

172,323

157,892

2,435

154,041

160,474

147,398

329,053

144,549

138,512

146,345

12,898

152,728

155,491

137,168

10,626

140,235

146,561

141,957

3,914

129,402

116,345

109,169

8,078

150,333

124,413

109,392

112,272

115,670

115,404

100,834

103,317

131,422

120,060

110,552

125,713

154,445

95,945

127,315

108,423

100,287

99,451

81,578

86,891

87,846

84,746

76,191

85,822

72,259

64,813

67,408

112,033

194

214

244

4,683

1,579

2,123

8,541

94,461

6,314

6,624

5,490

4,830

5,437

7,988

6,356

81,600

362,833

348,597

376,655

> Long-term Liabilities

0
0
0
877,800
341,597
337,426
336,704
291,840
278,304
282,014
268,528
298,865
82,927
87,626
81,320
106,456
111,962
116,175
122,975
112,053
179,533
179,007
178,260
159,860
178,641
176,491
180,652
152,617
134,521
109,523
105,073
109,871
110,760
116,540
420,844
444,121
431,286
442,793
423,036
401,644
373,212
336,953
316
286,927
277,151
493,770
533,101
569,379
670,070
646,153
752,359
854,267
882,046
843,949
1,174,535
1,133,723
1,014,686
998,929
979,921
998,669
911,832
891,789
1,141,905
1,235,736
1,219,252
1,194,969
1,285,180
1,221,854
1,139,009
1,099,120
1,082,173
1,027,191
1,004,922
1,008,073
1,014,158
1,197,827
1,476,262
1,430,578
1,394,152
1,450,915
1,587,548
1,583,931
1,574,875
1,445,924
1,397,439
1,391,029
1,374,875
1,322,122
1,334,889
1,323,092
1,314,011
1,305,279
1,478,156
1,480,304
1,390,129
1,416,019

1,416,019

1,390,129

1,480,304

1,478,156

1,305,279

1,314,011

1,323,092

1,334,889

1,322,122

1,374,875

1,391,029

1,397,439

1,445,924

1,574,875

1,583,931

1,587,548

1,450,915

1,394,152

1,430,578

1,476,262

1,197,827

1,014,158

1,008,073

1,004,922

1,027,191

1,082,173

1,099,120

1,139,009

1,221,854

1,285,180

1,194,969

1,219,252

1,235,736

1,141,905

891,789

911,832

998,669

979,921

998,929

1,014,686

1,133,723

1,174,535

843,949

882,046

854,267

752,359

646,153

670,070

569,379

533,101

493,770

277,151

286,927

316

336,953

373,212

401,644

423,036

442,793

431,286

444,121

420,844

116,540

110,760

109,871

105,073

109,523

134,521

152,617

180,652

176,491

178,641

159,860

178,260

179,007

179,533

112,053

122,975

116,175

111,962

106,456

81,320

87,626

82,927

298,865

268,528

282,014

278,304

291,840

336,704

337,426

341,597

877,800

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
137,233
116,545
98,870
90,606
287,171
305,059
283,406
443,000
425,343
531,907
535,016
600,527
561,826
903,451
892,478
810,988
791,791
780,969
728,940
671,339
659,094
843,643
933,932
953,821
895,815
980,177
946,667
881,787
834,865
843,639
820,141
818,141
816,126
814,090
990,640
934,463
888,541
874,284
862,778
1,403,902
1,009,596
1,009,839
960,103
889,577
889,878
890,180
890,609
891,007
891,241
891,542
891,842
1,063,242
1,074,585
1,037,877
0

1,037,877

1,074,585

1,063,242

891,842

891,542

891,241

891,007

890,609

890,180

889,878

889,577

960,103

1,009,839

1,009,596

1,403,902

862,778

874,284

888,541

934,463

990,640

814,090

816,126

818,141

820,141

843,639

834,865

881,787

946,667

980,177

895,815

953,821

933,932

843,643

659,094

671,339

728,940

780,969

791,791

810,988

892,478

903,451

561,826

600,527

535,016

531,907

425,343

443,000

283,406

305,059

287,171

90,606

98,870

116,545

137,233

Capital Lease Obligations Min Short Term Debt

0
0
0
0
-27,852
-29,540
-30,164
-15,648
-36,744
-20,573
-21,470
-27,231
-235,892
-1,528
-1,475
-5,286
-4,777
-4,237
-968
-5,087
-4,475
-3,893
-2,910
-4,652
-4,914
-4,942
-4,836
-7,406
-7,084
-6,936
-6,773
-6,920
-4,414
-3,300
-18,832
-22,538
-21,481
-20,357
-18,506
-25,763
-24,398
-25,340
-26,817
-28,432
-29,097
-31,682
-33,558
-42,768
-53,571
-62,694
-72,016
-88,842
-38,146
-20,277
-23,171
-47,619
-30,737
-34,272
-35,654
-50,164
-34,471
-34,180
-53,465
-74,685
-110,470
-130,359
-11,654
-31,395
-10,511
-12,140
-12,469
-17,794
-11,806
-9,706
-11,286
-21,446
347,726
343,061
346,264
326,024
323,068
312,745
303,853
293,854
298,393
292,331
283,119
252,548
240,777
243,251
235,187
237,093
223,292
213,216
210,619
236,895

236,895

210,619

213,216

223,292

237,093

235,187

243,251

240,777

252,548

283,119

292,331

298,393

293,854

303,853

312,745

323,068

326,024

346,264

343,061

347,726

-21,446

-11,286

-9,706

-11,806

-17,794

-12,469

-12,140

-10,511

-31,395

-11,654

-130,359

-110,470

-74,685

-53,465

-34,180

-34,471

-50,164

-35,654

-34,272

-30,737

-47,619

-23,171

-20,277

-38,146

-88,842

-72,016

-62,694

-53,571

-42,768

-33,558

-31,682

-29,097

-28,432

-26,817

-25,340

-24,398

-25,763

-18,506

-20,357

-21,481

-22,538

-18,832

-3,300

-4,414

-6,920

-6,773

-6,936

-7,084

-7,406

-4,836

-4,942

-4,914

-4,652

-2,910

-3,893

-4,475

-5,087

-968

-4,237

-4,777

-5,286

-1,475

-1,528

-235,892

-27,231

-21,470

-20,573

-36,744

-15,648

-30,164

-29,540

-27,852

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
111,492
111,463
121,377
121,734
154,270
146,036
207,830
191,651
185,476
182,054
208,049
206,768
206,776
196,671
95,425
85,238
85,542
77,883
147,284
141,123
129,863
298,262
304,416
265,431
299,154
305,003
263,697
257,222
264,255
238,534
194,955
186,781
191,947
200,068
196,291
189,073
194,034
169,890
179,904
183,646
190,109
192,672
191,967
1,292
1,345
188,138
178,965
191,657
188,600
187,282
176,344
177,923
174,907
311
323

323

311

174,907

177,923

176,344

187,282

188,600

191,657

178,965

188,138

1,345

1,292

191,967

192,672

190,109

183,646

179,904

169,890

194,034

189,073

196,291

200,068

191,947

186,781

194,955

238,534

264,255

257,222

263,697

305,003

299,154

265,431

304,416

298,262

129,863

141,123

147,284

77,883

85,542

85,238

95,425

196,671

206,776

206,768

208,049

182,054

185,476

191,651

207,830

146,036

154,270

121,734

121,377

111,463

111,492

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
62,888
61,319
66,680
64,811
52,329
48,448
35,375
35,419
35,334
38,398
39,206
74,751
75,347
74,413
112,140
118,460
121,596
121,069
94,153
99,370
102,832
0
1,761
0
0
0
1,364
0
0
0
1,787
1,568
1,470
1,492
1,391
1,256
1,159
1,181
2,013
1,790
1,738
2,849
2,895
2,844
2,432
3,207
2,789
2,380
2,060
1,900
1,614
1,998
1,478
1,340
0

1,340

1,478

1,998

1,614

1,900

2,060

2,380

2,789

3,207

2,432

2,844

2,895

2,849

1,738

1,790

2,013

1,181

1,159

1,256

1,391

1,492

1,470

1,568

1,787

1,364

1,761

102,832

99,370

94,153

121,069

121,596

118,460

112,140

74,413

75,347

74,751

39,206

38,398

35,334

35,419

35,375

48,448

52,329

64,811

66,680

61,319

62,888

> Total Stockholder Equity

544,604
544,399
545,070
502,500
616,288
621,426
626,611
621,637
625,220
631,381
641,509
592,996
585,257
578,437
582,897
577,651
578,956
576,827
569,496
569,737
510,625
507,768
516,316
512,371
553,715
560,744
558,059
562,861
597,839
615,375
644,352
656,217
698,192
688,488
687,817
634,719
660,884
682,464
696,890
715,945
748,049
778,706
798
795,790
798,204
798,019
792,973
758,968
781,637
813,724
863,661
858,620
946,224
986,062
1,006,321
1,076,189
1,137,256
1,146,016
1,161,199
1,123,044
1,158,112
1,191,534
1,228,416
1,243,082
1,155,882
1,152,790
1,177,222
1,210,080
1,244,785
1,264,587
1,191,974
1,250,677
1,291,531
1,297,935
1,277,568
1,258,267
1,267,926
1,294,269
1,293,332
1,263,430
1,320,611
1,336,488
1,351,486
1,372,994
1,413,371
1,425,130
1,411,930
1,411,274
1,459,424
1,447,468
1,434,765
1,443,290
1,461,592
1,470,074
1,374,651
1,351,782

1,351,782

1,374,651

1,470,074

1,461,592

1,443,290

1,434,765

1,447,468

1,459,424

1,411,274

1,411,930

1,425,130

1,413,371

1,372,994

1,351,486

1,336,488

1,320,611

1,263,430

1,293,332

1,294,269

1,267,926

1,258,267

1,277,568

1,297,935

1,291,531

1,250,677

1,191,974

1,264,587

1,244,785

1,210,080

1,177,222

1,152,790

1,155,882

1,243,082

1,228,416

1,191,534

1,158,112

1,123,044

1,161,199

1,146,016

1,137,256

1,076,189

1,006,321

986,062

946,224

858,620

863,661

813,724

781,637

758,968

792,973

798,019

798,204

795,790

798

778,706

748,049

715,945

696,890

682,464

660,884

634,719

687,817

688,488

698,192

656,217

644,352

615,375

597,839

562,861

558,059

560,744

553,715

512,371

516,316

507,768

510,625

569,737

569,496

576,827

578,956

577,651

582,897

578,437

585,257

592,996

641,509

631,381

625,220

621,637

626,611

621,426

616,288

502,500

545,070

544,399

544,604

Common Stock

62,828
62,838
62,830
200
199
199
199
298
298
298
298
300
300
452
452
452
452
452
452
452
452
678
678
678
678
678
678
678
678
1,017
1,017
1,017
1,017
1,017
1,017
1,017
1,017
1,017
1,017
1,017
1,017
1,017
1,017
1,017
1,017
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199
199

199

1,017

678

452

300

298

199

200

62,830

62,838

62,828

Retained Earnings

223,009
215,458
215,285
164,100
143,455
147,157
155,634
149,842
151,565
157,614
165,818
131,388
124,231
110,325
118,269
130,981
140,270
149,746
158,922
160,988
175,638
187,123
192,900
198,567
215,299
227,355
242,353
250,616
271,822
282,475
293,592
303,386
327,635
337,760
351,222
369,397
392,818
407,063
422,888
437,524
462,191
477,625
490,435
503,689
526,772
534,588
545,270
547,997
565,604
571,995
581,125
597,629
688,787
711,393
720,576
735,631
772,741
789,490
808,867
809,068
841,772
863,036
876,341
877,817
905,943
923,726
930,743
910,520
937,053
946,077
876,900
919,658
953,469
960,865
962,536
945,410
969,067
981,846
985,015
947,046
900,988
916,565
918,592
932,094
961,246
973,065
967,449
962,378
1,001,220
1,008,200
1,002,123
1,004,271
1,025,881
1,040,618
945,285
932,472

932,472

945,285

1,040,618

1,025,881

1,004,271

1,002,123

1,008,200

1,001,220

962,378

967,449

973,065

961,246

932,094

918,592

916,565

900,988

947,046

985,015

981,846

969,067

945,410

962,536

960,865

953,469

919,658

876,900

946,077

937,053

910,520

930,743

923,726

905,943

877,817

876,341

863,036

841,772

809,068

808,867

789,490

772,741

735,631

720,576

711,393

688,787

597,629

581,125

571,995

565,604

547,997

545,270

534,588

526,772

503,689

490,435

477,625

462,191

437,524

422,888

407,063

392,818

369,397

351,222

337,760

327,635

303,386

293,592

282,475

271,822

250,616

242,353

227,355

215,299

198,567

192,900

187,123

175,638

160,988

158,922

149,746

140,270

130,981

118,269

110,325

124,231

131,388

165,818

157,614

151,565

149,842

155,634

147,157

143,455

164,100

215,285

215,458

223,009

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
533,870
536,514
539,476
535,400
539,069
541,482
544,065
546,650
549,512
568,775
571,924
577,472
584,945
589,067
593,355
597,329
602,028
609,158
613,859
614,193
617,560
626,325
636,501
618,975
638,327
641,117
644,456
644,808
645,927
648,396
650,872
649,763
650,934
652,375
653,477
645,090
645,376
646,897
648,492
651,258
653,672
656,503
659,682
664,981
669,051
673,851
678,414
674,017
678,901
684,273
689,959
684,154
688,281
694,245
0

694,245

688,281

684,154

689,959

684,273

678,901

674,017

678,414

673,851

669,051

664,981

659,682

656,503

653,672

651,258

648,492

646,897

645,376

645,090

653,477

652,375

650,934

649,763

650,872

648,396

645,927

644,808

644,456

641,117

638,327

618,975

636,501

626,325

617,560

614,193

613,859

609,158

602,028

597,329

593,355

589,067

584,945

577,472

571,924

568,775

549,512

546,650

544,065

541,482

539,069

535,400

539,476

536,514

533,870

Treasury Stock

-247,953

-252,613

-252,625

-234,666

-228,875

-232,304

-232,316

-223,875

-224,580

-225,405

-225,412

-225,414

-225,942

-226,287

-226,288

-226,290

-227,136

-231,648

-231,802

-231,803

-232,707

-235,493

-247,419

-250,848

-252,091

-261,812

-272,099

-281,834

-277,219

-174,635

-180,958

-196,769

-197,934

-202,062

-187,266

-186,090

-189,037

-190,481

-187,952

-189,859

-198,922

-196,465

-196,259

-214,444

-222,653

-221,246

-221,442

-213,090

-226,931

-214,683

-198,538

-181,230

-184,715

-189,250

-176,397

-177,118

-171,568

-157,799

-152,233

-152,677

-154,801

-143,124

-151,846

-153,703

-162,368

-153,254

-140,240

-133,764

-148,747

-135,265

-137,729

-126,822

-52,366

-49,182

-35,134

-26,950

-22,143

-5,686

-283

-8,272

-8,208

-10,343

Other Stockholders Equity

0
0
0
365,000
480,400
479,000
482,400
481,300
479,300
479,300
477,400
483,142
483,144
486,551
481,148
464,596
458,588
450,392
436,120
432,110
356,349
338,874
339,672
325,961
345,100
339,148
327,754
319,787
327,610
331,284
340,366
329,673
331,057
333,730
362,907
366,584
361,515
358,824
352,171
342,076
347,032
352,640
337,976
324,793
308,469
325,979
320,040
322,819
323,997
335,068
372,516
375,459
378,550
395,086
401,115
402,874
408,292
415,938
421,892
411,797
416,259
420,791
445,367
461,866
341,756
356,493
369,018
382,644
392,717
395,079
400,977
415,379
417,056
419,131
420,573
421,829
417,954
419,086
420,609
422,205
425,316
428,258
431,091
434,277
440,401
445,176
441,535
446,110
445,142
444,235
431,648
437,346
436,201
426,601
427,837
418,490

418,490

427,837

426,601

436,201

437,346

431,648

444,235

445,142

446,110

441,535

445,176

440,401

434,277

431,091

428,258

425,316

422,205

420,609

419,086

417,954

421,829

420,573

419,131

417,056

415,379

400,977

395,079

392,717

382,644

369,018

356,493

341,756

461,866

445,367

420,791

416,259

411,797

421,892

415,938

408,292

402,874

401,115

395,086

378,550

375,459

372,516

335,068

323,997

322,819

320,040

325,979

308,469

324,793

337,976

352,640

347,032

342,076

352,171

358,824

361,515

366,584

362,907

333,730

331,057

329,673

340,366

331,284

327,610

319,787

327,754

339,148

345,100

325,961

339,672

338,874

356,349

432,110

436,120

450,392

458,588

464,596

481,148

486,551

483,144

483,142

477,400

479,300

481,300

482,400

479,000

480,400

365,000

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31
Accounts Payable	318,600	343,380	268,500	225,918	233,011	242,084	181,388	173,102	171,923	142,643	151,935	153,956	115,138	102,068	92,692	116,818	98,302	90,945	83,801	73,902	81,293	82,827	83,980	100,775	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	-1,447,396	-1,393,664	-1,334,139	-1,284,811	-1,237,876	-1,174,953	-1,110,461	-1,076,296	-985,168	-901,004	-811,161	-735,629	-679,561	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	621	1,474	2,587	6,424	-106,020	-109,171	-84,559	-83,283	-96,800	-98,020	-62,515	-114,667	-112,047	-33,709	-64,672	-102,279	22,141	-8,220	-12,835	-23,813	-18,378	-21,834	-4,904	-13,380	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	1,123,044	1,076,189	858,620	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	284,501	282,862	300,522	345,762	404,503	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	199	199	199	199	199	199	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	689,959	678,414	659,682	648,492	653,477	650,872	644,456	636,501	613,859	593,355	571,924	544,065	539,476	0	0	0	0	0	0	0	0	0	0	0	0
Cash	22,527	165,134	185,871	307,476	11,044	25,306	5,129	6,410	14,378	7,523	8,530	13,275	7,783	6,755	18,948	19,964	19,978	13,914	11,001	47,458	42,416	69,826	12,280	11,845	0	0
Cash And Equivalents	0	165,134	185,871	307,476	11,044	25,306	5,129	6,410	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	22,527	165,134	185,871	307,476	11,044	25,306	5,129	6,410	14,378	7,523	8,530	13,275	7,783	6,755	18,948	19,964	19,978	13,914	11,001	47,458	42,416	69,826	12,280	11,845	0	0
Common Stock	199	199	199	199	199	199	199	199	199	199	199	199	199	1,017	1,017	1,017	1,017	678	678	452	452	300	298	199	0	0
Common Stock Shares Outstanding	213,356	213,227	213,033	212,345	211,974	211,632	210,435	210,354	213,356	213,092	211,927	207,674	205,322	207,243	208,649	209,331	207,828	312,525	214,579	341,491	231,701	347,733	226,286	225,834	228,600	228,600
Common Stock Total Equity	0	199	199	199	199	199	199	199	199	200	200	200	199	1,000	1,000	1,000	1,000	700	678	500	500	300	300	200	0	0
Current Deferred Revenue	3,217	3,893	4,040	4,760	5,337	5,525	172,427	122,202	-171,923	75,352	86,330	43,221	59,667	-102,068	-25,763	-24,625	1,863	11,679	0	34,316	71,870	0	81,756	68,612	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	1,614	2,789	2,895	2,013	1,391	1,787	1,364	1,761	94,153	112,140	39,206	35,375	66,680	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
Good Will	677,796	545,244	545,244	545,244	545,244	545,379	464,777	465,578	464,926	282,960	282,404	269,897	360,961	200,153	201,682	200,035	76,338	75,537	58,567	58,567	57,038	54,249	125,680	125,360	0	0
Intangible Assets	657,742	664,381	695,432	714,918	750,207	794,929	742,442	835,964	875,466	644,969	656,710	388,384	141,231	97,032	103,080	106,293	22,051	24,121	72,172	77,552	71,159	98,821	45,700	125,360	0	0
Inventory	270,883	242,311	203,459	193,337	194,515	187,699	172,375	170,391	168,465	147,158	148,807	136,249	113,720	97,659	60,996	86,719	75,911	69,449	42,801	36,466	50,863	81,897	89,001	90,431	0	0
Liabilities And Stockholders Equity	3,426,953	3,312,994	3,253,313	3,323,023	3,177,776	2,845,537	2,659,724	2,761,068	2,882,556	2,402,770	2,506,422	2,002,820	1,553,998	1,325,489	1,351,442	1,351,157	987,535	906,590	851,069	875,648	847,239	1,096,380	1,099,691	1,562,646	1,566,963	1,382,877
Long Term Debt	1,048,144	891,842	890,609	960,103	862,778	990,640	820,141	946,667	930,022	728,940	892,478	535,016	283,406	98,870	225,905	263,879	22,508	79,126	74,403	22,578	9,866	223,133	242,057	247,847	0	0
Long Term Debt Total	0	891,842	890,609	960,103	862,778	990,640	820,141	946,667	933,932	728,940	892,478	535,016	283,406	98,870	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	7,924	136,882	154,310	176,412	198,639	204,125	187,737	154,924	154,311	161,905	142,845	102,723	102,322	92,860	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	1,310,118	1,009,570	1,005,260	998,389	1,259,967	976,230	827,107	951,747	994,239	755,913	915,220	593,737	275,623	120,547	232,720	266,453	9,450	72,618	68,054	-19,793	-27,264	180,538	245,425	243,517	0	0
Net Invested Capital	2,418,106	891,842	890,609	2,349,997	2,143,705	2,270,353	2,088,612	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	9,764	26,472	183,403	204,839	299,530	291,399	290,183	272,833	20,593	244,843	263,017	261,634	195,455	166,281	178,708	178,077	137,682	131,879	120,751	117,736	99,373	104,121	104,104	113,099	0	0
Net Tangible Assets	0	470,758	170,598	406,686	311,500	-82,041	43,458	-91,462	-97,310	924,055	1,029,553	735,355	681,413	597,475	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	28,561	240,515	380,511	334,098	25,775	143,385	113,240	126,648	131,165	153,019	174,588	165,731	138,183	58,406	130,336	97,607	55,589	56,874	63,295	78,870	103,576	106,045	66,326	84,933	0	0
Non Current Assets Total	2,739,240	2,508,054	2,352,885	2,308,408	2,651,567	2,328,158	2,176,498	2,305,286	2,347,653	1,968,694	2,035,324	1,547,156	1,190,164	1,024,311	1,025,097	1,013,106	718,301	664,474	613,499	605,756	580,531	785,816	847,151	1,295,346	0	0
Non Current Liabilities Other	323	176,344	178,965	191,967	179,904	196,291	194,955	263,697	304,416	147,284	95,425	208,049	207,830	121,377	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,416,019	1,305,279	1,322,122	1,445,924	1,450,915	1,197,827	1,027,191	1,221,854	1,235,736	998,669	1,133,723	854,267	569,379	286,927	427,407	466,659	109,871	152,617	159,860	112,053	106,456	298,865	291,840	877,819	0	0
Non Currrent Assets Other	40,286	26,030	20,992	14,722	12,644	13,533	25,551	46,734	202,293	233,307	229,206	163,039	41,394	17,037	10,692	425,910	133,390	100,374	89,406	89,356	77,384	84,989	94,955	600,512	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	1,123,044	1,076,189	858,620	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	1,246,633	175,302	191,134	207,787	214,533	209,854	198,168	44,072	51,119	67,646	44,558	26,658	17,037	10,692	12,825	44,921	25,946	19,049	15,291	4,039	35,657	38,099	600,512	0	0
Other Current Assets	655,422	613,334	531,154	502,300	515,165	492,073	478,097	449,372	499,932	426,553	462,568	442,389	356,051	294,423	307,397	318,087	33,800	15,195	55,456	33,916	34,429	54,720	47,155	51,925	0	0
Other Current Liab	289,729	171,383	199,403	221,519	146,604	120,388	10,247	2,435	329,053	12,898	10,626	3,914	8,078	214,340	103,317	125,713	108,423	86,891	85,822	112,033	4,683	94,461	4,830	5,465	0	0
Other Liab	0	176,344	178,965	191,967	179,904	196,291	194,955	263,697	267,209	147,284	95,425	208,049	207,830	121,377	111,991	124,732	36,391	26,095	42,888	47,304	76,117	75,732	49,783	629,972	0	0
Other Stockholder Equity	418,490	437,346	446,110	434,277	422,205	421,829	415,379	382,644	461,866	411,797	402,874	375,459	322,819	324,793	342,076	366,584	329,673	319,787	325,961	432,110	464,596	483,142	481,300	365,000	0	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	1,123,044	1,076,189	858,620	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	2,777,395	2,296,721	2,192,392	1,033,524	1,117,124	743,847	732,026	781,026	804,968	807,500	867,000	725,800	685,487	604,700	602,600	587,200	486,500	464,400	451,921	438,800	432,000	579,700	610,400	569,500	0	0
Property Plant And Equipment Net	2,575,383	1,124,539	1,091,217	1,033,524	1,117,124	743,847	732,026	781,026	804,968	807,458	867,004	725,836	685,487	604,693	602,576	587,196	486,522	464,442	451,921	438,848	431,988	579,739	610,432	569,474	0	0
Property Plant Equipment	0	861,818	1,091,217	705,034	717,822	743,847	732,026	781,026	804,968	807,458	893,568	755,952	698,213	616,617	602,576	587,196	486,522	464,442	451,921	438,848	431,988	579,739	610,432	569,474	0	0
Retained Earnings	932,472	1,004,271	962,378	932,094	947,046	945,410	919,658	910,520	877,817	809,068	735,631	597,629	547,997	503,689	437,524	369,397	303,386	250,616	198,567	160,988	130,981	131,388	149,842	164,135	0	0
Retained Earnings Total Equity	0	1,004,271	962,378	932,094	947,046	945,410	919,658	910,520	877,817	809,068	735,631	597,629	547,997	503,689	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	18,180	17,960	17,161	16,900	17,497	21,446	17,794	31,395	74,685	34,496	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,332,645	1,174,704	1,191,131	1,305,865	1,271,011	1,001,536	832,236	958,157	1,008,617	763,436	923,750	607,012	283,406	127,302	251,668	286,417	29,428	86,532	79,055	27,665	15,152	250,364	257,705	255,362	0	0
Short Term Debt	47,606	45,769	47,974	51,908	78,479	21,446	17,794	31,395	74,685	50,164	47,619	88,842	42,768	28,432	25,763	22,538	6,920	7,406	4,652	5,087	5,286	27,231	15,648	7,515	0	0
Short Term Investments	0	0	0	0	0	0	16,324	3,039	20,716	16,077	16,876	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	1,123,044	1,076,189	858,620	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	3,426,953	3,312,994	3,253,313	3,323,023	3,177,776	2,845,537	2,659,724	2,761,068	2,882,556	2,402,770	2,506,422	2,002,820	1,553,998	1,325,489	1,351,442	1,351,157	987,535	906,590	851,069	875,648	847,239	1,096,380	1,099,691	1,562,646	1,566,963	1,382,877
Total Current Assets	687,713	804,940	900,428	1,014,615	526,209	517,379	483,226	455,782	534,903	434,076	471,098	455,664	363,834	301,178	326,345	338,051	269,234	242,116	237,570	269,892	266,708	310,564	252,540	267,300	0	0
Total Current Liabilities	659,152	564,425	519,917	504,105	463,431	389,443	381,856	329,134	403,738	281,057	296,510	289,933	225,651	242,772	196,009	240,444	213,645	185,242	174,275	191,022	163,132	204,519	186,214	182,367	0	0
Total Liab	2,075,171	1,869,704	1,842,039	1,950,029	1,914,346	1,587,270	1,409,047	1,550,988	1,639,474	1,279,726	1,430,233	1,144,200	795,030	529,699	623,416	707,103	323,516	337,859	334,135	303,075	269,588	503,384	478,054	1,060,186	0	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	1,123,044	1,076,189	858,620	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,351,782	1,443,290	1,411,274	1,372,994	1,263,430	1,258,267	1,250,677	1,210,080	1,243,082	1,123,044	1,076,189	858,620	758,968	795,790	728,026	634,719	656,217	562,861	512,371	569,737	577,651	592,996	621,637	502,460	538,754	572,961
Treasury Stock	0	-252,613	-232,304	-225,405	-226,287	-231,648	-235,493	-261,812	-174,635	-202,062	-190,481	-196,465	-221,246	-214,683	-189,250	-157,799	-154,801	-162,368	-148,747	-52,366	-22,143	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

	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
Accounts Payable	318,600	328,614	328,166	343,154	343,380	348,707	325,804	297,408	268,500	264,535	266,688	241,073	225,918	257,531	250,040	257,994	233,011	251,939	254,749	240,554	242,084	246,185	242,353	209,639	181,388	184,076	173,538	184,528	173,102	181,518	179,268	182,670	171,923	183,908	171,612	172,092	142,643	147,702	149,379	157,284	151,935	157,154	158,617	152,225	153,956	132,879	115,637	115,434	115,138	123,890	130,403	121,931	102,068	107,280	102,286	101,341	92,692	103,305	120,143	123,855	116,818	120,291	111,016	103,882	98,302	85,763	98,162	98,714	90,945	88,057	94,732	88,408	83,801	85,638	82,962	82,363	73,902	80,811	76,887	73,325	81,293	84,611	86,668	71,340	82,827	98,608	82,695	85,586	83,980	85,537	81,969	88,475	100,800	252,352	222,815	208,666
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
Accumulated Depreciation	0	0	0	-1,479,039	-1,447,396	-1,451,024	-1,446,845	-1,422,562	-1,393,664	-1,399,838	-1,380,373	-1,361,183	-1,334,139	-1,330,174	-1,312,792	-1,303,084	-1,284,811	-1,272,325	-1,266,936	-1,251,269	-1,237,876	-1,249,096	-1,227,476	-1,207,465	-1,174,953	-1,163,036	-1,145,300	-1,132,500	-1,110,461	-1,143,742	-1,124,404	-1,102,910	-1,076,296	-1,064,315	-1,042,536	0	-985,168	0	0	0	-901,004	0	0	0	-811,161	0	0	0	-735,629	0	0	0	-679,561	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	621	1,330	2,656	-689	1,474	795	-5,166	12,863	2,587	2,747	6,690	11,525	6,424	1,604	-8,534	-5,892	-106,020	-112,491	-106,862	-119,294	-109,171	-105,740	-82,260	-79,193	-84,559	-86,102	-76,768	-85,184	-83,283	-122,738	-127,628	-92,016	-96,800	-93,491	-92,492	-100,118	-98,020	-69,759	-59,611	-43,976	-62,515	-115,569	-120,616	-121,312	-114,667	-90,179	-93,538	-108,163	-112,047	-72,536	-62,747	-38,054	-33,709	-31,726	-52,576	-62,191	-64,672	-90,157	-84,440	-94,466	-102,279	-27,329	15,981	38,483	22,141	9,377	599	-2,271	-8,220	-12,726	-6,437	-7,362	-12,835	-16,934	-18,907	-21,814	-23,813	-25,998	-23,763	-20,354	-18,378	-16,972	-18,891	-22,418	-21,834	-1,008	-2,932	-3,044	-4,904	-5,751	-2,459	-3,895	-26,800	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,123,044	1,161,199	1,146,016	1,137,256	1,076,189	1,006,321	986,062	946,224	858,620	863,661	813,724	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	284,501	271,614	281,542	287,829	282,862	284,085	292,648	304,717	300,522	352,331	358,671	360,118	345,762	372,364	384,226	395,369	404,503	410,272	405,410	409,988	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	199	199	199	199	199	199	199	199	199	199	199	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	694,245	688,281	684,154	689,959	684,273	678,901	674,017	678,414	673,851	669,051	664,981	659,682	656,503	653,672	651,258	648,492	646,897	645,376	645,090	653,477	652,375	650,934	649,763	650,872	648,396	645,927	644,808	644,456	641,117	638,327	618,975	636,501	626,325	617,560	614,193	613,859	609,158	602,028	597,329	593,355	589,067	584,945	577,472	571,924	568,775	549,512	546,650	544,065	541,482	539,069	535,400	539,476	536,514	533,870	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,527	14,561	11,711	27,720	165,134	172,744	162,511	205,147	185,871	307,523	292,270	250,570	307,476	325,831	299,562	252,683	11,044	6,968	9,769	11,584	25,306	49,727	29,554	34,216	5,129	7,074	7,179	6,513	6,410	7,535	11,592	11,469	14,378	8,780	46,544	7,966	7,523	8,075	8,532	8,801	8,530	10,655	12,057	14,246	13,275	14,137	222,329	186,147	7,783	8,196	13,741	8,667	6,755	7	6,529	8,421	18,948	16,094	20,100	18,517	19,964	17,383	19,532	42,478	19,978	25,192	13,264	14,957	13,914	29,228	17,644	15,391	11,001	11,447	15,425	30,443	47,458	35,608	39,077	29,403	42,416	46,788	36,351	27,008	69,826	5,542	3,654	6,030	12,280	4,713	7,708	11,330	11,800	0	0	0
Cash And Equivalents	0	14,561	11,711	27,720	165,134	172,744	162,511	205,147	185,871	307,523	292,270	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,527	14,561	11,711	27,720	165,134	172,744	162,511	205,147	185,871	307,523	292,270	250,570	307,476	325,831	299,562	252,683	11,044	6,968	9,769	11,584	25,306	49,727	29,554	34,216	5,129	7,074	7,179	6,513	6,410	7,535	11,592	11,469	14,378	8,780	46,544	7,966	7,523	8,075	8,532	8,801	8,530	10,655	12,057	14,246	13,275	14,137	222,329	186,147	7,783	8,196	13,741	8,667	6,755	7	6,529	8,421	18,948	16,094	20,100	18,517	19,964	17,383	19,532	42,478	19,978	25,192	13,264	14,957	13,914	29,228	17,644	15,391	11,001	11,447	15,425	30,443	47,458	35,608	39,077	29,403	42,416	46,788	36,351	27,008	69,826	5,542	3,654	6,030	12,280	4,713	7,708	11,330	11,800	0	0	0
Common Stock	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	1,017	1,017	1,017	1,017	1,017	1,017	1,017	1,017	1,017	1,017	1,017	1,017	1,017	1,017	1,017	1,017	678	678	678	678	678	678	678	678	452	452	452	452	452	452	452	452	300	300	298	298	298	298	199	199	199	200	62,830	62,838	62,828
Common Stock Shares Outstanding	212,309	211,522	213,009	213,397	212,925	213,326	213,307	213,314	213,165	213,187	213,056	212,780	212,571	212,458	212,284	211,754	212,041	212,014	211,957	211,884	211,800	211,564	211,507	211,311	211,049	209,606	210,269	210,275	209,624	208,944	209,014	212,836	214,621	213,310	212,872	212,718	213,089	213,154	212,919	212,806	212,575	212,364	211,892	210,915	209,408	209,576	206,574	205,773	205,584	205,811	205,838	204,722	206,300	207,621	207,807	207,459	207,800	208,343	208,418	209,786	210,300	209,918	208,127	207,792	208,900	208,179	311,894	310,207	206,900	311,729	209,277	313,850	210,600	210,563	475,928	497,544	224,800	339,603	342,068	517,448	232,300	232,349	232,171	796,479	232,200	229,468	778,796	790,183	226,300	230,022	1,159,399	1,143,857	228,200	1,295,800	552,900	1,675,700
Common Stock Total Equity	0	0	0	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	199	200	200	200	200	200	200	200	199	200	200	200	200	200	200	200	200	200	200	200	200	200	200	199	200	200	200	200	199	200	200	1,000	200	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	700	700	700	700	700	678	700	700	500	500	500	500	500	500	500	500	300	300	300	300	300	300	200	200	200	200	0	0	0
Current Deferred Revenue	3,217	3,314	3,548	3,763	3,893	3,983	4,031	3,998	4,040	4,295	4,422	4,541	4,760	4,783	4,998	5,170	5,337	5,542	5,617	5,708	5,525	5,326	5,429	-209,639	172,427	0	0	0	122,202	0	0	0	-171,923	0	0	0	75,352	0	0	0	86,330	0	0	0	43,221	0	0	0	59,667	-29,643	11,391	0	1,095	-249,544	-25,340	-24,398	20,714	-18,506	-20,357	0	38,745	0	0	0	1,863	0	0	0	11,679	0	0	0	0	0	0	0	34,316	79,547	72,285	69,869	71,870	68,868	71,928	85,979	0	90,055	85,193	76,637	81,756	83,987	73,438	76,034	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	1,340	1,478	1,998	1,614	1,900	2,060	2,380	2,789	3,207	2,432	2,844	2,895	2,849	1,738	1,790	2,013	1,181	1,159	1,256	1,391	1,492	1,470	1,568	1,787	0	0	0	1,364	0	0	0	1,761	0	102,832	99,370	94,153	121,069	121,596	118,460	112,140	74,413	75,347	74,751	39,206	38,398	35,334	35,419	35,375	48,448	52,329	64,811	66,680	61,319	62,888	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Good Will	677,796	677,796	677,796	676,274	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,244	545,379	464,777	464,777	464,777	464,777	464,777	464,777	464,777	465,578	465,578	464,926	464,926	464,926	425,216	282,960	282,960	282,960	282,960	277,402	280,135	282,404	276,230	271,334	270,154	269,897	276,170	219,948	219,730	360,961	364,099	220,475	200,153	200,153	200,153	200,153	200,153	201,682	199,058	200,035	200,035	200,035	197,938	76,338	76,338	76,338	75,537	75,537	75,537	75,537	76,244	76,244	75,026	58,567	58,600	58,600	58,600	58,567	58,567	58,567	58,567	57,038	63,482	63,482	63,348	54,249	123,201	123,811	124,766	125,680	125,048	122,560	124,608	129,500	0	0	0
Intangible Assets	657,742	665,068	674,809	682,259	664,381	671,718	678,994	685,819	695,432	702,428	709,651	706,130	714,918	722,994	730,123	740,665	750,207	772,373	779,139	785,906	794,929	722,524	728,500	734,475	742,442	748,527	820,993	827,409	835,964	856,487	862,073	867,813	875,466	820,625	643,684	646,394	644,969	647,669	650,374	653,090	656,710	663,393	473,165	476,045	388,384	390,848	136,963	138,724	141,231	143,146	145,062	95,188	97,032	98,428	99,824	101,219	103,080	104,494	105,898	104,579	106,293	107,645	21,178	21,570	22,051	22,432	22,862	23,401	24,121	24,661	25,200	25,855	72,172	72,428	72,684	76,998	77,552	77,754	72,155	72,270	71,159	71,157	71,339	71,330	98,821	123,201	123,811	124,766	125,680	125,048	122,560	124,608	125,360	0	0	0
Inventory	270,883	266,150	256,562	264,567	242,311	238,832	237,583	218,810	203,459	200,943	194,505	196,155	193,337	196,980	194,001	203,837	194,515	197,184	190,194	190,230	187,699	183,162	178,242	173,595	172,375	171,371	167,928	164,565	170,391	173,050	171,284	172,879	168,465	166,388	154,118	153,795	147,158	151,866	151,728	148,986	148,807	150,950	142,895	141,100	136,249	132,166	120,172	120,765	113,720	122,891	115,294	103,548	97,659	102,836	98,378	99,875	60,996	65,113	97,349	62,042	86,719	90,347	81,848	81,084	75,911	76,163	73,317	71,222	69,449	72,201	68,855	68,476	42,801	44,075	39,242	36,783	36,466	58,991	35,059	33,237	50,863	34,961	50,810	49,132	81,897	119,451	103,468	97,561	89,001	127,856	120,852	103,555	109,200	302,401	273,407	257,952
Liabilities And Stockholders Equity	3,426,953	3,434,639	3,505,835	3,481,867	3,312,994	3,343,307	3,340,721	3,332,337	3,253,313	3,323,396	3,325,926	3,272,016	3,323,023	3,385,468	3,398,794	3,413,073	3,177,776	3,209,426	3,219,792	3,239,333	2,845,537	2,693,137	2,717,307	2,670,257	2,659,724	2,682,679	2,721,708	2,736,725	2,761,068	2,809,615	2,817,860	2,815,672	2,882,556	2,752,243	2,427,627	2,422,852	2,402,770	2,477,204	2,484,087	2,477,131	2,506,422	2,501,416	2,155,466	2,160,598	2,002,820	1,950,317	1,754,553	1,729,881	1,553,998	1,604,212	1,589,678	1,335,775	1,325,489	1,337	1,333,349	1,323,436	1,351,442	1,354,653	1,365,460	1,348,058	1,353,244	1,411,396	1,024,398	1,053,298	987,535	950,613	937,024	927,030	906,590	926,282	927,014	907,325	851,069	859,365	841,562	847,428	875,648	856,563	849,344	841,958	847,239	820,750	828,310	1,069,936	1,096,380	1,126,484	1,108,480	1,107,981	1,099,691	1,168,440	1,151,787	1,156,602	1,562,700	0	0	0
Long Term Debt	1,048,144	1,037,843	1,074,544	1,063,242	891,842	891,542	891,241	891,007	890,609	890,180	889,878	889,577	960,103	1,009,839	1,009,596	1,403,902	862,778	874,284	888,541	934,463	974,594	814,090	816,126	818,141	820,141	843,639	834,865	881,787	946,667	980,177	895,815	953,821	933,932	843,643	659,094	671,339	728,940	780,969	791,791	810,988	892,478	903,451	561,826	600,527	535,016	531,907	425,343	443,000	283,406	305,059	287,171	90,606	98,870	116,545	137,233	173,559	225,905	228,432	245,960	250,759	263,879	276,587	29,372	23,107	22,508	23,186	28,020	53,069	79,126	107,733	86,932	84,189	74,403	78,073	77,648	81,527	22,578	18,326	15,797	15,652	9,866	4,975	5,095	5,213	223,133	223,631	239,052	234,703	242,057	287,828	291,981	295,048	247,847	1,374,105	1,410,340	1,458,507
Long Term Debt Total	0	1,037,877	1,074,585	1,063,242	891,842	891,542	891,241	891,007	890,609	890,180	889,878	889,577	960,103	1,009,839	1,009,596	1,403,902	862,778	874,284	888,541	934,463	990,640	814,090	816,126	818,141	820,141	843,639	834,865	881,787	946,667	980,177	895,815	953,821	933,932	843,643	659,094	671,339	728,940	780,969	791,791	810,988	892,478	903,451	561,826	600,527	535,016	531,907	425,343	443,000	283,406	305,059	287,171	90,606	98,870	116,545	137,233	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,924	13,345	13,475	134,066	136,882	141,835	144,689	148,786	154,310	158,261	3,205	3,176	176,412	182,061	187,540	193,126	198,639	200,523	201,729	203,083	204,125	203,576	203,426	199,876	187,737	179,124	169,274	159,468	154,924	153,211	149,739	147,441	154,311	162,385	164,853	164,280	161,905	156,807	156,086	149,929	142,845	134,176	124,779	110,979	102,723	100,946	101,196	101,823	102,322	101,137	100,563	92,340	92,860	91,888	92,646	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	1,310,118	1,306,164	1,362,012	1,337,050	1,009,570	1,002,883	1,021,378	1,002,025	1,005,260	948,426	967,020	1,009,605	998,389	1,056,372	1,094,260	1,223,520	1,259,967	1,281,302	1,289,124	1,337,867	976,230	775,649	796,278	795,731	827,107	849,034	839,826	885,785	951,747	984,296	1,014,582	1,052,822	994,239	888,328	646,730	697,844	755,913	808,548	817,531	832,924	915,220	915,967	570,046	624,427	593,737	589,786	265,708	310,424	275,623	330,421	305,112	111,036	120,547	136	156,044	189,536	232,720	230,844	246,217	253,723	266,453	278,036	13,140	-14,957	9,450	4,767	21,692	45,196	72,618	83,341	74,230	73,712	68,054	69,536	66,116	55,559	-19,793	-16,314	-19,043	-8,974	-27,264	-40,338	-29,728	214,097	180,538	239,559	255,971	265,417	245,425	313,279	313,813	311,570	243,600	0	0	0
Net Invested Capital	2,418,106	2,423,762	1,074,544	2,538,533	891,842	2,342,651	2,352,735	2,361,879	890,609	2,315,548	2,325,749	2,313,428	2,349,997	2,372,660	2,357,864	2,401,445	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	9,764	377,141	439,308	375,674	26,472	168,700	171,403	338,097	183,403	301,999	308,072	298,259	204,839	28,291	28,211	341,807	299,530	27,543	27,401	26,801	291,399	298,218	307,135	25,659	290,183	294,438	288,439	283,946	272,833	284,071	293,519	283,848	20,593	267,762	260,864	258,249	244,843	251,349	261,939	268,761	263,017	266,839	266,485	267,472	261,634	221,581	203,179	200,851	195,455	193,375	197,289	176,776	166,281	177,143	184,735	180,406	178,708	176,197	182,520	179,710	178,077	171,247	164,865	151,763	137,682	139,302	140,481	143,247	131,879	137,765	143,659	132,425	120,751	131,030	125,438	117,875	117,736	118,549	112,936	109,582	99,373	96,412	104,144	119,797	104,121	128,713	113,027	112,361	104,104	135,371	121,050	130,086	113,100	0	0	0
Net Tangible Assets	0	31,787	117,469	340,050	470,758	452,990	466,481	480,586	170,598	164,258	170,235	161,997	406,686	398,436	385,646	34,702	311,500	325,693	317,889	289,502	-82,041	90,267	104,658	92,279	43,458	-21,330	-21,183	-47,401	-91,462	-144,843	-174,209	-176,857	-97,310	-17,425	923,984	900,097	924,055	1,011,539	1,010,031	1,015,019	1,029,553	970,149	803,389	800,552	735,355	728,550	882,156	866,183	681,413	733,933	719,653	593,469	597,475	615,666	615,962	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	28,561	44,720	193,483	173,734	240,515	240,885	256,925	280,842	380,511	312,742	330,205	326,925	334,098	350,360	311,396	326,906	62,778	43,885	74,516	82,243	127,936	168,224	159,628	159,416	101,370	115,489	131,275	134,586	126,648	146,932	42,171	54,591	131,165	131,355	172,028	136,786	153,019	168,978	161,671	152,495	174,588	166,618	179,757	172,255	165,731	77,744	300,250	284,477	138,183	114,539	93,039	68,814	70,942	96	98,254	110,015	117,183	118,606	118,764	101,605	87,174	89,636	88,759	92,988	55,589	79,303	56,959	71,258	56,874	81,051	76,404	74,358	63,295	97,907	98,080	96,303	78,870	105,181	113,084	110,657	103,576	87,298	73,666	74,459	106,045	92,872	77,924	62,570	66,326	114,983	103,979	97,853	84,900	0	0	0
Non Current Assets Total	2,739,240	2,720,060	2,756,895	2,766,014	2,508,054	2,366,056	2,368,946	2,513,471	2,352,885	2,474,063	2,485,954	2,483,885	2,308,408	2,518,825	2,549,322	2,581,253	2,651,567	2,643,599	2,650,331	2,661,945	2,328,158	2,123,502	2,146,380	2,137,037	2,176,498	2,158,658	2,232,432	2,249,208	2,305,286	2,315,470	2,305,588	2,320,543	2,347,653	2,238,966	1,911,295	1,933,158	1,968,694	1,972,142	1,983,274	1,999,447	2,035,324	2,014,238	1,650,254	1,656,015	1,547,156	1,538,276	1,159,627	1,167,230	1,190,164	1,211,535	1,198,750	1,006,541	1,011,775	1,018	1,017,405	1,011,246	1,012,487	1,001,320	1,006,493	990,565	1,001,001	1,028,192	725,378	724,699	718,301	678,487	675,516	668,396	664,474	664,492	666,190	663,454	613,499	600,651	591,814	596,879	605,756	589,862	582,637	583,086	580,531	576,919	592,397	593,725	785,816	817,165	835,471	840,954	847,151	848,332	854,873	860,032	1,295,300	0	0	0
Non Current Liabilities Other	323	311	174,907	177,923	176,344	187,282	188,600	191,657	178,965	188,138	1,345	1,292	191,967	192,672	190,109	183,646	179,904	169,890	194,034	189,073	196,291	200,068	191,947	186,781	194,955	238,534	264,255	257,222	263,697	305,003	299,154	265,431	304,416	298,262	129,863	141,123	147,284	77,883	85,542	85,238	95,425	196,671	206,776	206,768	208,049	182,054	185,476	191,651	207,830	146,036	154,270	121,734	121,377	111,463	111,492	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,416,019	1,390,129	1,480,304	1,478,156	1,305,279	1,314,011	1,323,092	1,334,889	1,322,122	1,374,875	1,391,029	1,397,439	1,445,924	1,574,875	1,583,931	1,587,548	1,450,915	1,394,152	1,430,578	1,476,262	1,197,827	1,014,158	1,008,073	1,004,922	1,027,191	1,082,173	1,099,120	1,139,009	1,221,854	1,285,180	1,194,969	1,219,252	1,235,736	1,141,905	891,789	911,832	998,669	979,921	998,929	1,014,686	1,133,723	1,174,535	843,949	882,046	854,267	752,359	646,153	670,070	569,379	533,101	493,770	277,151	286,927	316	336,953	373,212	401,644	423,036	442,793	431,286	444,121	420,844	116,540	110,760	109,871	105,073	109,523	134,521	152,617	180,652	176,491	178,641	159,860	178,260	179,007	179,533	112,053	122,975	116,175	111,962	106,456	81,320	87,626	82,927	298,865	268,528	282,014	278,304	291,840	336,704	337,426	341,597	877,800	0	0	0
Non Currrent Assets Other	40,286	14,742	14,812	159,692	26,030	24,090	20,564	168,888	20,992	12,150	8,104	5,693	14,722	20,676	14,565	12,461	12,644	11,893	12,580	13,565	13,533	216,004	236,849	216,142	25,551	209,427	204,777	200,544	46,734	204,325	200,429	200,037	202,293	208,513	207,178	214,143	233,307	219,559	231,196	225,936	229,206	180,907	187,039	189,525	163,039	142,346	131,765	131,941	143,716	144,675	131,882	110,887	17,037	121	120,523	119,944	10,692	117,474	118,371	107,187	12,825	131,506	137,910	137,708	133,390	119,558	115,687	112,014	100,374	99,813	100,390	99,118	89,406	89,546	90,903	90,642	89,356	76,176	77,083	76,196	77,384	76,724	76,959	74,490	84,989	89,167	92,721	97,253	94,955	111,387	112,804	113,589	596,300	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,123,044	1,161,199	1,146,016	1,137,256	1,076,189	1,006,321	986,062	946,224	858,620	863,661	813,724	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	24,554	25,715	25,626	1,246,633	165,925	165,253	168,888	175,302	180,089	184,335	181,668	191,134	199,566	198,962	210,239	207,787	209,208	211,086	10,350	214,533	212,711	233,554	212,797	1,420,507	1,422,731	1,490,547	1,492,730	1,503,200	1,526,390	1,527,428	1,532,776	1,542,685	1,454,354	1,133,822	1,143,497	1,140,953	1,150,188	1,158,972	1,159,161	1,149,605	1,120,530	931,538	935,724	805,562	809,364	488,676	490,395	489,941	494,311	497,419	406,228	17,037	406,538	407,706	408,588	409,911	408,546	411,821	411,801	413,805	437,089	235,426	235,616	231,779	217,527	214,086	210,952	200,032	200,718	201,834	199,999	161,578	161,974	163,587	167,640	166,908	153,930	149,238	148,466	148,543	153,407	164,010	164,599	206,077	219,534	228,164	233,506	236,719	236,435	235,364	238,197	725,872	1,253,254	1,269,421	1,308,491
Other Current Assets	655,422	21,562	21,070	24,373	613,334	635,807	637,861	21,961	531,154	213	289	317	502,300	512,521	521,699	1,780	515,165	531,316	532,291	539,003	492,073	38,528	55,996	473,345	478,097	51,138	25,730	32,493	449,372	29,489	35,877	26,933	499,932	38,443	29,110	40,219	426,553	56,752	48,108	29,066	462,568	29,162	32,854	30,130	442,389	23,201	25,786	21,751	356,051	384,481	39,317	35,325	41,924	311	309,415	303,769	59,589	337,239	338,867	62,643	28,738	69,385	26,547	53,274	33,800	28,190	24,153	17,260	15,195	18,642	22,355	19,555	55,456	41,367	38,623	33,379	33,916	30,171	50,838	52,554	34,429	56,133	36,023	271,529	54,720	55,613	52,860	51,075	47,155	52,168	47,304	51,599	33,200	169,054	162,338	191,206
Other Current Liab	289,729	276,936	155,417	130,665	171,383	192,943	190,929	172,678	199,403	198,549	172,317	153,867	221,519	128,282	151,856	169,449	146,604	200,453	172,230	186,621	120,388	143,940	159,240	361,998	10,247	211,987	172,323	157,892	2,435	154,041	160,474	147,398	329,053	144,549	138,512	146,345	12,898	152,728	155,491	137,168	10,626	140,235	146,561	141,957	3,914	129,402	116,345	109,169	8,078	150,333	124,413	109,392	112,272	115,670	115,404	100,834	103,317	131,422	120,060	110,552	125,713	154,445	95,945	127,315	108,423	100,287	99,451	81,578	86,891	87,846	84,746	76,191	85,822	72,259	64,813	67,408	112,033	194	214	244	4,683	1,579	2,123	8,541	94,461	6,314	6,624	5,490	4,830	5,437	7,988	6,356	81,600	362,833	348,597	376,655
Other Liab	0	130,399	174,907	0	176,344	187,282	188,600	191,657	178,965	188,138	198,079	198,989	191,967	192,672	190,109	183,646	179,904	169,890	194,034	189,073	196,291	200,068	191,947	186,781	111,979	112,921	110,995	110,513	117,843	173,190	172,421	115,439	120,747	123,482	129,863	141,123	147,284	77,883	85,542	85,238	95,425	196,671	206,776	206,768	208,049	182,054	185,476	191,651	207,830	146,036	154,270	121,734	121,377	111,463	111,492	111,703	111,991	122,658	122,384	126,012	124,732	49,901	37,918	37,652	36,391	35,427	32,846	31,530	26,095	33,359	45,132	44,855	42,888	60,136	57,152	54,377	47,304	80,498	77,835	74,645	76,117	76,345	82,531	77,714	75,732	44,897	42,962	43,601	49,783	48,876	45,445	46,549	629,972	147,014	150,533	163,144
Other Stockholder Equity	418,490	427,837	426,601	436,201	437,346	431,648	444,235	445,142	446,110	441,535	445,176	440,401	434,277	431,091	428,258	425,316	422,205	420,609	419,086	417,954	421,829	420,573	419,131	417,056	415,379	400,977	395,079	392,717	382,644	369,018	356,493	341,756	461,866	445,367	420,791	416,259	411,797	421,892	415,938	408,292	402,874	401,115	395,086	378,550	375,459	372,516	335,068	323,997	322,819	320,040	325,979	308,469	324,793	337,976	352,640	347,032	342,076	352,171	358,824	361,515	366,584	362,907	333,730	331,057	329,673	340,366	331,284	327,610	319,787	327,754	339,148	345,100	325,961	339,672	338,874	356,349	432,110	436,120	450,392	458,588	464,596	481,148	486,551	483,144	483,142	477,400	479,300	479,300	481,300	482,400	479,000	480,400	365,000	0	0	0
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
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	1,123,044	1,161,199	1,146,016	1,137,256	1,076,189	1,006,321	986,062	946,224	858,620	863,661	813,724	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	2,777,395	2,752,664	2,586,283	2,438,226	2,296,721	2,289,170	2,276,376	2,239,028	2,192,392	2,106,212	1,046,724	1,047,667	1,033,524	1,047,850	1,071,850	1,082,133	1,117,124	1,113,566	1,111,639	1,114,147	743,847	720,200	716,300	721,600	732,000	735,900	741,900	756,500	781,026	789,100	778,200	787,800	805,000	784,600	777,500	789,700	807,500	822,000	824,300	840,300	867,000	893,700	718,700	720,291	725,800	728,900	671,000	676,800	685,487	702,800	701,300	600,300	604,700	599,100	596,900	589,900	602,600	580,300	582,200	578,800	587,200	591,100	490,000	489,100	486,500	461,000	461,400	457,400	464,400	463,800	464,400	463,500	451,921	438,700	428,200	429,200	438,800	435,900	433,400	434,600	432,000	423,500	428,400	429,100	436,100	597,600	607,300	607,400	610,400	611,900	619,500	621,800	569,500	0	0	0
Property Plant And Equipment Net	2,575,383	1,224,805	1,233,678	1,236,273	1,124,539	1,113,501	1,112,477	1,110,577	1,091,217	1,046,302	1,046,724	1,047,667	1,033,524	1,047,850	1,071,850	1,082,133	1,117,124	1,113,566	1,111,639	1,114,147	743,847	720,197	716,254	721,643	732,026	735,927	741,885	756,478	781,026	789,080	778,160	787,767	804,968	784,612	777,473	789,661	807,458	821,954	824,302	840,286	867,004	893,708	718,716	720,291	725,836	728,912	670,951	676,835	685,487	702,761	701,331	600,313	604,693	599	596,905	589,930	602,576	580,294	582,189	578,764	587,196	591,103	489,952	489,083	486,522	460,960	461,430	457,444	464,442	463,774	464,356	463,455	451,921	438,677	428,227	429,239	438,848	435,932	433,399	434,620	431,988	423,512	428,387	429,126	579,739	597,631	607,307	607,448	610,432	611,897	619,509	621,835	569,500	0	0	0
Property Plant Equipment	0	1,224,805	1,233,678	973,259	861,818	852,335	843,779	830,422	1,091,217	1,046,302	1,046,724	1,047,667	705,034	703,997	704,732	697,067	717,822	709,555	713,390	711,765	743,847	720,197	716,254	721,643	732,026	735,927	741,885	756,478	781,026	789,080	778,160	787,767	804,968	784,612	777,473	789,661	807,458	821,954	824,302	901,875	893,568	925,100	766,486	783,886	755,952	755,074	685,494	690,824	698,213	716,997	716,708	612,662	616,617	609,563	605,761	589,930	602,576	580,294	582,189	578,764	587,196	591,103	489,952	489,083	486,522	460,960	461,430	457,444	464,442	463,774	464,356	463,455	451,921	438,677	428,227	429,239	438,848	435,932	433,399	434,620	431,988	423,512	428,387	429,126	579,739	597,631	607,307	607,448	610,432	611,897	619,509	621,835	569,474	1,195,007	1,204,702	1,198,794
Retained Earnings	932,472	945,285	1,040,618	1,025,881	1,004,271	1,002,123	1,008,200	1,001,220	962,378	967,449	973,065	961,246	932,094	918,592	916,565	900,988	947,046	985,015	981,846	969,067	945,410	962,536	960,865	953,469	919,658	876,900	946,077	937,053	910,520	930,743	923,726	905,943	877,817	876,341	863,036	841,772	809,068	808,867	789,490	772,741	735,631	720,576	711,393	688,787	597,629	581,125	571,995	565,604	547,997	545,270	534,588	526,772	503,689	490,435	477,625	462,191	437,524	422,888	407,063	392,818	369,397	351,222	337,760	327,635	303,386	293,592	282,475	271,822	250,616	242,353	227,355	215,299	198,567	192,900	187,123	175,638	160,988	158,922	149,746	140,270	130,981	118,269	110,325	124,231	131,388	165,818	157,614	151,565	149,842	155,634	147,157	143,455	164,100	215,285	215,458	223,009
Retained Earnings Total Equity	0	0	0	1,025,881	1,004,271	1,002,123	1,008,200	1,001,220	962,378	967,449	973,065	961,246	932,094	918,592	916,565	900,988	947,046	985,015	981,846	969,067	945,410	962,536	960,865	953,469	919,658	876,900	946,077	937,053	910,520	930,743	923,726	905,943	877,817	876,341	863,036	841,772	809,068	808,867	789,490	772,741	735,631	720,576	711,393	688,787	597,629	581,125	571,995	565,604	547,997	545,270	534,588	526,772	503,689	490,435	477,625	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	18,180	11,268	17,637	13,699	17,960	16,344	14,026	11,448	17,161	13,438	10,741	10,480	16,900	11,335	11,780	11,482	17,497	17,380	14,358	14,762	5,000	11,286	9,706	11,806	12,095	12,469	847,005	10,511	11,490	11,654	130,359	110,470	74,685	0	0	0	34,496	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,332,645	1,320,725	1,373,723	1,364,770	1,174,704	1,175,627	1,183,889	1,207,172	1,191,131	1,255,949	1,259,290	1,260,175	1,305,865	1,382,203	1,393,822	1,476,203	1,271,011	1,288,270	1,298,893	1,349,451	1,001,536	825,376	825,832	829,947	832,236	856,108	847,005	892,298	958,157	991,831	1,026,174	1,064,291	1,008,617	897,108	693,274	705,810	763,436	816,623	826,063	841,725	923,750	926,622	582,103	638,673	607,012	603,923	488,037	496,571	283,406	338,617	318,853	119,703	127,302	143	162,573	197,957	251,668	246,938	266,317	272,240	286,417	295,419	32,672	27,521	29,428	29,959	34,956	60,153	86,532	112,569	91,874	89,103	79,055	80,983	81,541	86,002	27,665	19,294	20,034	20,429	15,152	6,450	6,623	241,105	250,364	245,101	259,625	271,447	257,705	317,992	321,521	322,900	255,400	0	0	0
Short Term Debt	47,606	60,995	68,326	64,537	45,769	48,898	49,397	63,940	47,974	69,212	66,340	61,725	51,908	68,511	71,481	72,301	78,479	64,008	62,349	62,262	21,446	11,286	9,706	11,806	17,794	12,469	12,140	10,511	31,395	11,654	130,359	110,470	74,685	53,465	34,180	34,471	50,164	35,654	34,272	30,737	47,619	23,171	20,277	38,146	88,842	72,016	62,694	53,571	42,768	33,558	31,682	29,097	28,432	26,817	25,340	24,398	25,763	18,506	20,357	21,481	22,538	18,832	3,300	4,414	6,920	6,773	6,936	7,084	7,406	4,836	4,942	4,914	4,652	2,910	3,893	4,475	5,087	968	4,237	4,777	5,286	1,475	1,528	235,892	27,231	21,470	20,573	36,744	15,648	30,164	29,540	27,852	0	0	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,255	18,197	1,056	16,324	15,700	800	11,200	3,039	9,800	16,700	7,300	20,716	17,200	10,500	19,800	16,077	32,300	18,900	1,000	16,876	8,900	21,700	17,800	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
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	1,123,044	1,161,199	1,146,016	1,137,256	1,076,189	1,006,321	986,062	946,224	858,620	863,661	813,724	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	3,426,953	3,434,639	3,505,835	3,481,867	3,312,994	3,343,307	3,340,721	3,332,337	3,253,313	3,323,396	3,325,926	3,272,016	3,323,023	3,385,468	3,398,794	3,413,073	3,177,776	3,209,426	3,219,792	3,239,333	2,845,537	2,693,137	2,717,307	2,670,257	2,659,724	2,682,679	2,721,708	2,736,725	2,761,068	2,809,615	2,817,860	2,815,672	2,882,556	2,752,243	2,427,627	2,422,852	2,402,770	2,477,204	2,484,087	2,477,131	2,506,422	2,501,416	2,155,466	2,160,598	2,002,820	1,950,317	1,754,553	1,729,881	1,553,998	1,604,212	1,589,678	1,335,775	1,325,489	1,337	1,333,349	1,323,436	1,351,442	1,354,653	1,365,460	1,348,058	1,353,244	1,411,396	1,024,398	1,053,298	987,535	950,613	937,024	927,030	906,590	926,282	927,014	907,325	851,069	859,365	841,562	847,428	875,648	856,563	849,344	841,958	847,239	820,750	828,310	1,069,936	1,096,380	1,126,484	1,108,480	1,107,981	1,099,691	1,168,440	1,151,787	1,156,602	1,562,600	3,134,622	3,097,980	3,162,296
Total Current Assets	687,713	714,579	748,940	715,853	804,940	977,251	971,775	818,866	900,428	849,333	839,972	788,131	1,014,615	866,643	849,472	831,820	526,209	565,827	569,461	577,388	517,379	569,635	570,927	533,220	483,226	524,021	489,276	487,517	455,782	494,145	512,272	495,129	534,903	513,277	516,332	489,694	434,076	505,062	500,813	477,684	471,098	487,178	505,212	504,583	455,664	412,041	594,926	562,651	363,834	392,677	390,928	329,234	313,714	319	315,944	312,190	338,955	353,333	358,967	357,493	352,243	383,204	299,020	328,599	269,234	272,126	261,508	258,634	242,116	261,790	260,824	243,871	237,570	258,714	249,748	250,549	269,892	266,701	266,707	258,872	266,708	243,831	235,913	476,211	310,564	309,319	273,009	267,027	252,540	320,108	296,914	296,570	267,300	0	0	0
Total Current Liabilities	659,152	669,859	555,457	542,119	564,425	594,531	570,161	538,024	519,917	536,591	509,767	461,206	504,105	459,107	478,375	504,914	463,431	521,942	494,945	495,145	389,443	401,411	411,299	373,804	381,856	408,532	358,001	352,931	329,134	347,213	470,101	440,538	403,738	381,922	344,304	352,908	281,057	336,084	339,142	325,189	296,510	320,560	325,455	332,328	289,933	334,297	294,676	278,174	225,651	278,138	297,889	260,420	242,772	223	217,690	202,175	221,772	234,727	240,203	255,888	265,069	293,568	210,261	235,611	213,645	192,823	204,549	187,376	185,242	180,739	184,420	169,513	174,275	160,807	151,668	154,246	191,022	161,520	153,623	148,215	163,132	156,533	162,247	401,752	204,519	216,447	195,085	204,457	186,214	205,125	192,935	198,717	182,400	673,494	626,156	637,615
Total Liab	2,075,171	2,059,988	2,035,761	2,020,275	1,869,704	1,908,542	1,893,253	1,872,913	1,842,039	1,911,466	1,900,796	1,858,645	1,950,029	2,033,982	2,062,306	2,092,462	1,914,346	1,916,094	1,925,523	1,971,407	1,587,270	1,415,569	1,419,372	1,378,726	1,409,047	1,490,705	1,457,121	1,491,940	1,550,988	1,632,393	1,665,070	1,659,790	1,639,474	1,523,827	1,236,093	1,264,740	1,279,726	1,316,005	1,338,071	1,339,875	1,430,233	1,495,095	1,169,404	1,214,374	1,144,200	1,086,656	940,829	948,244	795,030	811,239	791,659	537,571	529,699	539	554,643	575,387	623,416	657,763	682,996	687,174	709,190	714,412	326,801	346,371	323,516	297,896	314,072	321,897	337,859	361,391	360,911	348,154	334,135	339,067	330,675	333,779	303,075	284,495	269,798	260,177	269,588	237,853	249,873	484,679	503,384	484,975	477,099	482,761	478,054	541,829	530,361	540,314	1,060,200	2,353,069	2,332,635	2,416,894
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	1,123,044	1,161,199	1,146,016	1,137,256	1,076,189	1,006,321	986,062	946,224	858,620	863,661	813,724	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,351,782	1,374,651	1,470,074	1,461,592	1,443,290	1,434,765	1,447,468	1,459,424	1,411,274	1,411,930	1,425,130	1,413,371	1,372,994	1,351,486	1,336,488	1,320,611	1,263,430	1,293,332	1,294,269	1,267,926	1,258,267	1,277,568	1,297,935	1,291,531	1,250,677	1,191,974	1,264,587	1,244,785	1,210,080	1,177,222	1,152,790	1,155,882	1,243,082	1,228,416	1,191,534	1,158,112	1,123,044	1,161,199	1,146,016	1,137,256	1,076,189	1,006,321	986,062	946,224	858,620	863,661	813,724	781,637	758,968	792,973	798,019	798,204	795,790	798	778,706	748,049	715,945	696,890	682,464	660,884	634,719	687,817	688,488	698,192	656,217	644,352	615,375	597,839	562,861	558,059	560,744	553,715	512,371	516,316	507,768	510,625	569,737	569,496	576,827	578,956	577,651	582,897	578,437	585,257	592,996	641,509	631,381	625,220	621,637	626,611	621,426	616,288	502,500	545,070	544,399	544,604
Treasury Stock	0	0	0	-247,953	-252,613	-252,625	-234,666	-228,875	-232,304	-232,316	-223,875	-224,580	-225,405	-225,412	-225,414	-225,942	-226,287	-226,288	-226,290	-227,136	-231,648	-231,802	-231,803	-232,707	-235,493	-247,419	-250,848	-252,091	-261,812	-272,099	-281,834	-277,219	-174,635	-180,958	-196,769	-197,934	-202,062	-187,266	-186,090	-189,037	-190,481	-187,952	-189,859	-198,922	-196,465	-196,259	-214,444	-222,653	-221,246	-221,442	-213,090	-226,931	-214,683	-198,538	-181,230	-184,715	-189,250	-176,397	-177,118	-171,568	-157,799	-157,799	-152,233	-152,677	-154,801	-143,124	-151,846	-153,703	-162,368	-153,254	-140,240	-133,764	-148,747	-135,265	-137,729	-126,822	-52,366	-49,182	-35,134	-26,950	-22,143	-5,686	-283	0	0	0	0	0	0	0	0	0	0	-8,272	-8,208	-10,343
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

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31
Begin Period Cash Flow	165,134	185,871	307,476	11,044	25,306	5,129	6,410	14,378	7,523	8,530	13,275	7,783	6,755	18,948	19,964	19,978	13,914	11,001	47,458	42,416	69,826	12,280	11,845	18,665	0	0
Capital Expenditures	129,078	169,071	146,164	97,929	103,685	99,422	75,232	101,727	93,802	83,778	99,181	67,259	79,162	98,404	72,093	86,861	88,125	61,792	58,846	46,029	43,618	48,811	49,514	39,925	0	0
Cash And Cash Equivalents Changes	0	-12,366	-121,605	296,432	-14,262	20,177	-1,281	-7,968	6,855	-1,007	-4,745	5,492	1,028	-12,193	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-30,562	-40,678	64,594	17,557	5,120	57,044	-11,107	-7,133	-23,993	-22,151	18,703	-38,787	22,785	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-142,607	-20,737	-121,605	296,432	-14,262	20,177	-1,281	-7,968	6,855	-1,007	-4,745	5,492	1,028	-12,193	-1,016	-14	6,064	2,913	-36,457	5,042	-27,410	57,546	435	-6,820	0	0
Change In Working Capital	65,121	-50,995	-34,007	28,915	-1,392	-59,427	4,158	4,941	-27,308	-26,316	-61,073	-64,095	-58,915	54,693	-61,532	-114,449	41,275	9,231	-45,329	-31,908	-12,712	6,054	11,857	33,538	0	0
Change Receivables	0	-55,420	-10,600	-25,021	-7,809	-8,278	-11,762	-7,888	-16,873	7,181	1,114	-64,182	-283	11,482	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	5,008	-55,420	-10,600	-25,021	-7,809	-8,278	-11,762	-7,888	-16,873	7,181	1,114	-64,182	-283	11,482	-476	-22,340	812	717	0	854	3,368	4,152	9,000	7,800	0	0
Change To Inventory	-15,163	-37,396	-9,767	-1,771	-4,774	-8,424	-7,801	-1,526	-9,717	6,977	-10,708	-13,366	-6,457	-936	-3,525	-4,242	-3,612	-844	-5,371	-6,130	-1,734	4,379	-3,764	12,076	0	0
Change To Liabilities	0	82,125	38,076	-5,772	-14,155	-9,870	53,610	11,870	19,233	-16,503	9,997	32,015	-13,322	30,461	0	0	22,542	10,809	4,408	37,267	27,933	5,053	0	1,400	0	0
Change To Netincome	0	31,791	35,871	128,732	67,367	16,061	-90,541	50,050	17,357	35,608	-57,153	4,899	-24,927	20,093	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-39,304	-34,007	28,915	27,846	-62,888	14,486	21,541	-12,974	-29,310	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	151,709	141,957	136,559	141,384	144,228	144,124	146,719	140,869	132,175	128,961	118,491	102,690	94,638	85,118	80,928	73,312	66,094	64,250	59,344	56,702	53,935	73,965	73,815	67,102	53,890	53,544
Dividends Paid	195,215	186,501	175,903	167,270	159,987	150,214	140,982	131,073	120,442	102,302	92,840	86,489	79,081	70,882	62,170	53,223	42,120	28,994	23,652	20,767	15,068	1,499	0	52,372	0	0
End Period Cash Flow	22,527	165,134	185,871	307,476	11,044	25,306	5,129	6,410	14,378	7,523	8,530	13,275	7,783	6,755	18,948	19,964	19,978	13,914	11,001	47,458	42,416	69,826	12,280	11,845	18,700	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	220,275	191,818	198,446	356,535	263,267	196,471	222,157	244,317	233,460	230,192	171,303	149,621	55,128	207,646	163,916	8,011	126,473	89,484	55,133	77,039	44,371	73,941	30,409	30,115	0	0
Investments	-398,367	26,992	-191,438	21,493	6,529	-1,571	-691	22,272	26,028	23,718	21,596	16,498	12,629	1,671	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	517	-83,603	95,428	-111,143	178,001	-138,935	-58,074	248,679	-169,339	307,901	263,065	194,430	-112,741	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	123,416	228,394	206,187	152,318	164,538	157,160	150,120	163,776	189,191	175,739	230,894	136,121	123,428	137,047	133,712	119,233	94,615	81,043	61,231	50,774	14,658	-16,955	-14,293	5,045	42,040	46,238
Other Cashflows From Financing Activities	-313	517	-5,761	-1,772	3,107	4,751	-14,935	-2,466	1,679	-1,452	-3,007	-2,122	885	977	-7,018	-428,795	4,767	14,190	61,614	-378	-3,485	-17,059	52,783	-4,401	0	0
Other Cashflows From Investing Activities	0	-9,009	-48,269	2,444	63	-200,812	40,528	9,408	-402,763	26,747	-425,300	-334,676	-171,406	-7,564	440	3,420	1,983	0	0	1,620	233,208	23	3,746	19,399	0	0
Other Non Cash Items	25,502	14,265	7,751	150,146	33,539	24,231	41,605	32,154	-781	7,683	-40,256	20,598	-36,799	11,626	67,739	3,368	16,516	5,643	625	17,688	21,777	56,798	12,588	-16,317	-42,040	-46,238
Sale Purchase Of Stock	-45,801	-34,586	-9,510	-783	-7,054	-2,489	-2,671	-126,300	-6,858	-38,916	-8,819	-18,726	-26,598	-39,184	-40,531	-44,072	-33,296	-63,617	-124,388	-35,296	-22,173	200	300	-41	0	0
Stock Based Compensation	26,945	25,822	21,343	12,855	7,430	8,148	16,093	18,761	15,692	18,662	15,943	10,116	13,638	13,678	11,855	10,594	2,173	2,753	25,700	0	0	0	3,452	0	0	0
Total Cash From Financing Activities	-88,148	-222,167	-274,777	-84,040	-284,121	26,089	-263,275	-283,965	150,130	-281,664	227,656	174,049	104,677	-213,946	-147,416	165,911	-105,666	-76,647	-79,983	-64,220	-288,518	-18,345	53,120	-52,247	0	0
Total Cash From Operating Activities	349,353	360,889	344,610	454,464	366,952	295,893	297,389	346,044	327,262	313,970	270,484	216,880	134,290	306,050	236,009	94,872	214,598	151,276	113,979	123,068	87,989	122,752	79,923	70,040	0	0
Total Cashflows From Investing Activities	0	-151,088	-191,438	-73,992	-97,093	-301,805	-35,395	-70,047	-467,508	-33,313	-502,885	-385,437	-237,939	-104,297	0	0	0	0	0	0	173,119	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
Begin Period Cash Flow	14,561	11,711	27,720	165,134	172,744	162,511	205,147	185,871	307,523	292,270	250,570	307,476	325,831	299,562	252,683	11,044	6,968	9,769	11,584	25,306	49,727	29,554	34,200	5,129	7,074	7,179	6,513	6,410	7,535	11,600	11,469	14,378	8,780	46,544	7,966	7,523	8,075	8,532	8,800	8,530	10,655	12,057	14,200	13,275	14,137	222,329	186,147	7,783	8,196	13,741	8,667	6,755	7,107	7	8,421	18,948	16,094	20,100	18,517	19,964	17,383	19,532	42,478	19,978	25,192	13,264	14,957	13,914	29,228	17,644	15,391	11,001	11,447	15,425	30,443	47,458	35,608	39,077	29,403	42,416	46,788	36,351	27,008	69,826	5,542	3,654	6,030	12,280	4,713	7,708	11,330	11,845	3,300	0	0	0
Capital Expenditures	32,075	28,618	34,427	33,958	40,699	30,510	47,365	50,497	49,241	28,453	41,192	27,278	29,659	21,676	24,894	21,700	33,075	23,198	26,651	20,761	24,430	25,458	49,534	26,550	24,019	19,294	14,454	17,465	34,327	25,678	17,810	23,912	32,544	20,685	20,590	24,983	25,214	13,556	45,008	23,580	27,335	25,511	46,335	22,558	18,071	19,953	14,947	14,288	13,848	21,889	21,367	22,058	24,165	19	25,744	29,125	24,817	19,093	13,294	14,889	18,391	26,506	18,640	23,324	40,682	13,998	19,272	14,173	16,106	13,390	17,098	15,198	27,176	14,641	8,861	8,168	6,021	12,896	11,732	15,380	12,545	6,841	13,195	11,037	9,316	7,652	15,852	15,991	15,915	6,784	13,050	13,765	1,400	91,624	70,429	43,779
Cash And Cash Equivalents 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
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	7,966	2,850	-16,009	-137,414	-7,610	10,233	-42,636	19,276	-121,652	15,253	41,700	-56,906	-18,355	26,269	46,879	241,639	4,076	-2,801	-1,815	-13,722	-24,421	20,173	-4,700	29,087	-1,945	-105	666	103	-1,125	-4,000	123	-2,909	5,598	-37,764	38,578	443	-552	-457	-300	271	-2,125	-1,402	-2,200	971	-862	-208,192	36,182	178,364	-413	-5,545	5,074	1,912	-352	1	-1,892	-10,527	2,854	-4,006	1,583	-1,447	2,581	-2,149	-22,946	22,500	-5,214	11,928	-1,693	1,043	-15,314	11,584	2,253	4,390	-446	-3,978	-15,018	-17,015	11,850	-3,469	9,674	-13,013	-4,372	10,437	9,343	-42,818	64,284	1,888	-2,376	-6,250	7,567	-2,995	-3,622	-515	6,600	0	0	0
Change In Working Capital	6,357	169,683	-35,186	-75,733	-5,218	18,611	-38,284	-26,104	-51,716	18,896	28,311	-29,498	-4,892	3,673	61,828	-30,269	22,845	-15,764	15,992	-24,465	-5,189	9,914	200	-16,319	1,870	-45,414	4,208	-10,644	187	104,700	-17,796	13,299	-31,812	-13,386	10,615	7,275	9,815	-15,813	9,200	13,835	-33,933	-18,097	7,400	-13,151	-34,325	-7,902	11,842	-15,567	-19,719	-10,516	-41,727	24,009	31,523	16	8,883	-1,037	-9,164	-15,562	-18,501	-18,305	-13,371	-54,469	-44,234	-2,172	23,767	13,285	11,076	-6,853	23,766	-10,185	-6,318	1,968	11,792	7,315	-27,525	-36,911	9,642	1,201	-5,263	-37,488	7,925	-16,735	31,711	-35,613	50,874	-9,303	-5,037	-30,480	56,043	-10,317	-8,150	-25,719	-45,400	0	0	0
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	22,372	61,524	-60,687	-18,201	16,462	-12,161	-34,947	-24,774	-4,639	988	-8,710	1,761	12,477	12,305	11,827	-61,630	11,710	10,062	-5,749	-23,832	12,019	7,458	-27,755	-12,072	14,695	-7,185	-4,738	-14,534	9,266	8,936	-9,944	-16,146	2,837	6,880	-3,904	-22,686	14,054	10,174	-17,047	-22,801	12,947	446	-12,279	-12,769	-14,672	-13,731	3,341	-15,819	-8,568	8,569	-16,705	7,018	-546	261	-37,000	-1,513	-537	515	485	974	-300	39	579	-490	-302	452	92	-147	-164	389	-187	-532	0	439	525	-25	-230	249	279	-2,812	-526	1,486	20,095	-21,839	1,553	730	-600	-8,300	31,300	-14,300	9,000	-17,000	25,700	0	9,213	7,847
Change To Inventory	-1,611	-7,816	8,816	-14,552	-3,920	-1,686	-17,708	-14,082	-1,567	-5,972	1,069	-3,297	1,453	-4,321	10,335	-9,238	3,050	-6,920	1,651	-2,555	423	-3,222	-5,625	-2,325	-560	-4,523	-1,317	-1,401	2,351	-2,023	3,012	-4,866	744	-3,872	-488	-6,101	5,006	21	1,950	3,374	2,549	-7,364	-5,893	-4,324	-3,096	-4,986	754	-6,038	9,388	-7,448	-1,958	-6,439	5,640	-4,572	1,346	-3,350	5,130	-2,280	1,814	-8,189	4,116	-3,034	-904	-4,420	1,328	-2,604	-1,812	-524	3,110	-2,770	-156	-1,028	1,199	-3,458	-2,482	-630	1,029	-2,632	-1,954	-2,573	4,141	-3,749	2,848	-4,974	37,496	-16,805	-5,059	-11,253	33,583	-6,926	-16,903	-13,518	8,600	0	16,090	31,391
Change To Liabilities	0	1,324	-9,827	-9,285	3,774	17,153	37,392	23,806	1,159	-2,897	19,907	11,322	-30,283	5,896	-8,707	27,322	-18,963	-3,759	13,460	-4,893	53	414	31,856	28,540	53,610	38,566	27,582	19,050	11,870	20,471	18,790	14,074	19,233	45,439	47,236	37,331	-9,951	0	6,473	656	9,997	34,076	32,808	18,322	32,015	13,191	4,413	0	0	10,823	12,937	37,478	30,461	10,499	3,523	1,411	0	0	0	0	0	0	0	14,474	22,542	8,602	13,198	9,398	10,809	1,237	5,788	0	4,408	0	0	0	37,267	13,610	0	0	27,933	0	11,132	0	5,053	21,369	0	0	0	5,428	0	0	1,400	7,310	0	0
Change To Netincome	0	-30,516	7,397	19,240	-6,737	14,663	11,361	21,246	9,907	2,365	11,800	14,452	7,717	2,285	16,682	97,563	30,904	6,753	9,463	9,958	16,007	1,230	-11,896	7,995	-5,213	84,298	1,826	-20,968	40,309	7,029	6,993	4,578	39,309	0	0	0	35,586	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	114,651	26,512	-33,695	-21,534	16,305	-23,021	-11,054	-51,716	18,896	-15,912	-39,284	11,461	-4,032	48,373	13,277	27,048	-12,647	6,630	6,815	-17,684	5,264	-30,006	-20,462	14,486	-30,912	20,758	-13,759	21,541	1,062	-11,232	20,237	-12,974	0	0	0	-29,310	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	37,016	35,974	34,984	43,735	32,713	32,899	32,922	43,423	31,874	31,680	31,619	41,386	31,379	32,162	33,180	44,663	32,884	33,196	33,329	44,819	32,175	32,662	35,100	44,189	32,431	32,972	34,128	47,188	32,274	32,500	32,598	43,467	32,471	29,419	30,468	39,817	30,275	29,487	29,900	39,292	28,722	29,837	25,700	34,189	25,939	24,757	22,255	29,739	22,932	22,816	20,898	27,992	19,682	19,778	20,021	25,637	18,931	19,064	18,656	24,277	18,994	17,373	16,033	20,912	15,504	15,357	15,116	20,117	15,515	14,796	15,113	18,826	14,647	13,530	13,427	17,740	13,945	13,258	12,597	16,902	11,677	12,607	12,489	17,162	17,277	18,130	16,655	21,903	19,023	16,877	16,893	21,022	16,100	0	0	0
Dividends Paid	48,489	48,603	49,023	49,100	46,449	46,605	46,700	46,747	44,393	44,468	44,539	42,503	42,322	42,320	42,342	40,286	40,188	40,189	40,314	39,296	37,967	37,959	38,100	36,243	35,775	35,606	35,716	33,885	33,265	33,200	33,372	31,237	30,770	30,491	30,496	28,685	27,809	25,222	25,300	23,956	23,465	23,456	23,400	22,503	22,063	22,101	21,755	20,570	20,311	20,337	20,355	18,078	18,184	18	18,322	16,020	16,013	16,101	16,096	13,960	13,911	13,953	13,824	11,534	11,637	11,384	11,537	7,562	7,573	7,571	7,668	6,182	6,065	6,068	6,172	5,347	5,398	5,452	5,481	4,436	4,489	4,517	4,563	1,499	1,500	0	0	0	0	0	0	193,776	13,200	52,139	34,643	17,260
End Period Cash Flow	22,527	14,561	11,711	27,720	165,134	172,744	162,511	205,147	185,871	307,523	292,270	250,570	307,476	325,831	299,562	252,683	11,044	6,968	9,769	11,584	25,306	49,727	29,500	34,216	5,129	7,074	7,179	6,513	6,410	7,600	11,592	11,469	14,378	8,780	46,544	7,966	7,523	8,075	8,500	8,801	8,530	10,655	12,000	14,246	13,275	14,137	222,329	186,147	7,783	8,196	13,741	8,667	6,755	7	6,529	8,421	18,948	16,094	20,100	18,517	19,964	17,383	19,532	42,478	19,978	25,192	13,264	14,957	13,914	29,228	17,644	15,391	11,001	11,447	15,425	30,443	47,458	35,608	39,077	29,403	42,416	46,788	36,351	27,008	69,826	5,542	3,654	6,030	12,280	4,713	7,708	11,330	9,900	3,300	0	0
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
Free Cash Flow	60,493	99,793	36,528	23,994	28,656	77,191	12,314	73,657	-19,854	63,340	84,243	70,717	60,369	66,966	144,715	84,485	55,777	46,845	85,228	75,417	39,404	57,978	1,966	70,562	49,344	18,991	70,448	58,529	28,460	66,222	55,340	96,795	14,176	43,923	76,921	93,440	68,514	33,775	6,092	98,241	22,889	19,147	65,100	64,271	16,580	35,474	51,742	45,825	25,657	6,715	-27,740	50,496	53,078	54	47,004	53,424	44,961	33,190	42,313	43,452	27,625	-33,731	-24,162	38,279	18,700	38,204	34,386	35,183	32,695	15,217	10,980	30,592	17,640	24,725	14,007	-1,239	38,788	24,141	19,574	-5,464	29,744	10,748	21,841	-17,962	69,180	15,843	8,546	-19,628	67,375	8,133	4,758	-49,857	53,000	96,826	39,472	-8,970
Investments	-37,277	-28,166	-37,162	-301,207	-31,832	-26,146	-9,000	-41,895	-109,724	-24,743	-37,854	-19,117	-21,405	-16,808	-18,962	-16,817	-31,987	-19,362	-25,354	-20,390	0	0	0	-471	-691	5,639	12,555	7,370	13,695	7,876	6,718	8,322	15,061	0	0	0	21,103	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	-43,830	14,484	166,140	1,325	1,876	2,140	-6,139	-434	-445	-44,442	-88,701	-44,656	-3,039	-61,426	198,040	-12,601	-13,183	-48,026	-43,160	178,105	-837	3,488	-2,655	-138,206	2,248	-39,661	-74,463	-53,694	-47,448	-36,269	55,301	249,325	0	0	0	-168,566	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	35,676	-46,730	63,760	70,710	48,597	40,528	53,680	85,589	39,322	38,852	56,358	71,655	55,824	44,347	57,919	-5,772	2,219	43,358	53,095	65,866	20,841	39,630	45,400	51,247	78,533	-33,571	44,740	60,418	13,042	40,200	51,155	59,363	32,246	43,796	51,760	61,389	28,010	44,599	42,100	61,066	38,520	32,639	46,500	113,275	38,567	31,231	28,380	37,943	23,038	31,019	28,210	41,161	31,438	31	33,756	40,687	31,758	33,024	31,097	37,833	32,086	27,415	23,949	35,783	21,431	22,501	22,190	28,493	15,836	22,569	19,724	22,914	11,732	11,845	17,657	19,997	7,463	14,629	14,958	13,724	17,203	12,459	-9,344	-5,660	-32,930	8,203	6,049	1,723	-5,792	8,477	3,703	-20,681	-30,200	12,958	5,529	16,757
Other Cashflows From Financing Activities	19,075	-315	3,937	483,421	1,607	2,168	2,503	-5,761	3,512	-1,130	-899	-3,522	-44,434	-652	-59,706	-4,700	-11,649	-11,611	-46,595	-788	201,005	313	7,000	-1,405	32,508	136,478	147,456	299,836	6,598	-49,616	1,907	-405	368,687	334,848	17,700	1,557	2,127	2,056	-10,236	3,614	-230	866,343	-52,849	967	211	113	12,903	-3,706	278,483	-5,233	422,493	577	3	0	172,663	191	1	188,495	-3,169	1,382	190,696	253,493	12,580	1,598	6,613	-25,269	-20,041	-25,872	-1,583	18,740	13,718	13,599	1,370	-6,679	441	66,482	-15,902	6	4,234	2,323	1,845	3,722	-238,044	-9,259	-3,880	-14,524	-11,822	11,881	-57,442	-3,529	-6,356	314,727	-40,200	13,000	21,000	6,000
Other Cashflows From Investing Activities	0	-269,532	-269,984	-267,249	17,983	2,604	5,006	7,171	-60,953	3,596	4,544	6,002	4,586	4,620	5,342	4,021	987	5,504	1,668	136	-4,336	1,015	577	-1,378	36,593	0	0	0	7,346	0	0	0	1,855	0	0	0	12,949	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	440	0	0	696	3,420	3,600	3,603	0	1,983	1,296	1,379	1,377	0	0	0	0	0	0	604	60	1,620	279	148	0	233,208	231,991	231,661	353	23	359	216	0	3,746	3,274	4,460	6,491	19,399	0	0	0
Other Non Cash Items	7,040	6,900	4,559	7,536	-2,362	12,222	1,488	2,917	-2,739	5,056	2,230	3,204	1,602	9,631	14,214	123,274	19,269	6,681	4,424	3,165	14,233	1,101	-52,050	9,488	-1,026	103,084	-2,172	-28,988	26,891	-91,599	4,807	-814	4,150	-2,387	-1,309	-1,235	20,155	-13,985	-45,074	-2,289	2,552	-2,691	12,700	-50,419	-6,929	3,078	1,945	4,361	1,999	-11,730	-14,761	-23,269	-15,260	-21,499	8,406	12,985	18,623	13,697	22,687	12,732	1,098	-6,004	4,045	4,026	1,954	2,925	4,210	7,427	-2,628	2,332	2,308	5,201	5,907	8,036	10,096	2,286	6,311	526	2,229	-1	1,654	6,451	2,332	11,340	51,532	-230	3,358	2,138	16,666	-2,994	4,059	-1,691	116,200	0	0	0
Sale Purchase Of Stock	-14,910	-4,647	-15,263	-10,981	-34,586	-18,072	-6,465	-10,049	-9,510	-8,452	-1,058	-1,058	-783	-783	-783	-783	-7,054	-7,054	-7,054	-7,054	2	0	0	-2,489	10,000	2,900	-520	-2,151	-2	8,400	-1	-126,297	1,100	15,800	700	-6,858	-19,125	-10,332	1,800	-9,459	-5,029	1,900	9,100	-3,790	-5,139	-12,233	7,700	-1,354	0	-8,569	11,400	-18,029	-16,422	-21	2,000	-2,115	-12,906	700	-6,009	-21,616	0	-38,243	0	-5,829	-20,533	600	500	3,000	-10,441	-13,014	-9,134	-31,028	-14,333	-2,755	-29,093	-78,207	-4,377	-14,616	-8,529	-7,774	-16,770	-5,400	1,700	0	0	0	0	0	0	0	800	-504	100	0	0	0
Stock Based Compensation	5,563	5,883	5,663	9,836	5,698	5,485	5,558	9,081	4,575	4,811	4,775	7,182	3,186	2,833	2,942	3,894	1,596	1,523	1,132	3,179	1,256	1,442	5,450	3,375	4,385	3,018	2,715	5,975	3,756	3,699	3,527	7,779	2,401	2,483	3,519	7,289	4,476	3,712	10,474	5,483	3,245	3,008	0	6,075	3,104	2,118	1,830	3,064	2,435	1,816	3,458	5,929	3,335	2,861	2,729	4,753	2,648	3,166	2,514	3,527	1,323	9,300	-1,210	1,181	-749	276	1,010	1,636	4,904	-3,721	0	0	0	0	0	0	0	0	0	8,623	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-47,325	-97,395	-49,802	105,841	-45,133	-62,951	-51,100	-62,983	-41,315	-51,797	-45,881	-135,784	-86,978	-45,565	-103,768	152,271	-52,789	-53,482	-88,340	-89,510	140,138	-38,896	-34,600	-40,596	-52,717	-30,578	-75,730	-104,250	-49,364	-77,300	-58,381	-101,514	96,317	197,357	-50,896	-92,648	-91,276	-48,367	-34,300	-107,651	-27,128	316,757	-68,500	6,462	-15,171	74,218	-16,656	131,658	-34,933	-12,557	196,835	-44,668	-53,027	-55	-49,011	-57,408	-29,669	-41,481	-30,630	-45,636	-20,583	201,297	-1,210	-13,593	-20,886	-23,312	-31,049	-30,419	-44,329	-1,845	-9,003	-21,470	-18,753	-14,853	-30,514	-15,863	-25,310	-19,718	-9,776	-9,416	-34,358	-795	-242,607	-10,758	-3,880	-14,524	-11,822	11,881	-57,442	-3,529	-6,356	120,447	-53,300	132,942	190,036	241,734
Total Cash From Operating Activities	92,568	128,411	70,955	57,952	69,355	107,701	59,679	124,154	29,387	91,793	125,435	97,995	90,028	88,642	169,609	106,185	88,852	70,043	111,879	96,178	63,834	83,436	51,500	97,112	73,363	38,285	84,902	75,994	62,787	91,900	73,150	120,707	46,720	64,608	97,511	118,423	93,728	47,331	51,100	121,821	50,224	44,658	88,800	86,829	34,651	55,427	66,689	60,113	39,505	28,604	-6,373	72,554	77,243	74	72,748	82,549	69,778	52,283	55,607	58,341	46,016	-7,225	-5,522	61,603	59,382	52,202	53,658	49,356	48,801	28,607	28,078	45,790	44,816	39,366	22,868	6,929	44,809	37,037	31,306	9,916	42,289	17,589	35,036	-6,925	78,496	23,495	24,398	-3,637	83,290	14,917	17,808	-36,092	54,400	188,450	109,901	34,809
Total Cashflows From Investing Activities	0	-366,535	-338,369	-301,207	-151,088	-26,146	-51,215	-41,895	-109,724	-24,743	-28,486	-19,117	-21,405	-16,808	-18,962	-16,817	-31,987	-65,106	-45,744	-20,390	-228,393	-24,367	-21,616	-27,429	-35,395	-30	19,853	28,359	-76,714	-57,251	-36,748	-22,102	-469,815	-333,098	-33,369	-25,332	-34,526	-30,309	-30,888	-13,899	-502,885	-477,664	-114,847	-92,320	-385,437	-365,095	-27,258	-13,407	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	173,119	185,422	191,779	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31
Cost Of Revenue	2,783,845	2,501,995	2,175,247	2,196,142	2,155,709	2,066,828	2,009,063	2,026,367	1,963,153	1,950,633	1,972,221	1,617,810	1,473,201	1,346,790	1,390,183	1,263,962	1,039,011	949,612	861,583	779,437	720,162	910,369	888,824	900,198	883,882	795,084
Depreciation And Amortization	151,709	149,782	139,859	176,867	167,752	144,124	146,719	140,869	132,175	128,961	118,491	102,690	94,638	85,118	80,928	73,312	66,094	64,250	59,344	56,702	53,935	73,965	73,815	67,102	53,890	53,544
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	328,508	303,215	294,920	321,488	225,428	230,432	261,084	295,413	301,650	301,090	285,162	218,511	189,026	205,862	206,333	189,034	143,748	115,405	99,286	82,274	77,885	54,808	-1,665	10,145	-18,958	42,446
Ebitda	480,217	452,997	434,779	498,355	393,180	374,556	407,803	436,282	433,825	430,051	403,653	321,201	283,664	290,980	287,261	262,346	209,842	179,655	158,630	138,976	131,820	128,773	72,150	77,247	34,932	95,990
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	5,575	48,160	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,950	0	0	0
Gross Profit	2,306,985	2,303,827	2,155,520	2,191,849	1,968,265	1,885,024	1,911,670	1,900,518	1,815,352	1,798,340	1,778,784	1,428,681	1,300,155	1,226,979	1,210,666	1,150,930	997,663	939,042	854,286	771,871	732,833	741,793	740,180	719,782	623,542	688,064
Income Before Tax	157,107	298,711	270,772	200,711	212,083	197,161	149,293	249,537	293,031	268,054	322,373	208,772	191,966	210,380	207,759	190,051	153,085	123,439	105,623	91,100	85,867	10,716	-26,380	-58,739	0	0
Income Tax Expense	33,691	70,317	64,585	48,393	47,545	40,001	-827	85,761	103,840	92,315	91,479	72,651	68,538	73,333	74,047	67,744	54,970	45,304	39,861	35,071	33,063	4,593	-8,137	-16,457	-26,252	547
Interest Expense	16,032	5,277	8,001	12,094	11,097	7,931	13,619	14,353	4,848	7,341	12,860	9,739	10,172	8,164	11,587	6,137	0	0	0	0	0	0	0	0	0	0
Interest Income	20,577	5,277	8,001	12,094	27,750	27,755	22,938	20,552	4,848	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	3,415	3,074	3,500	3,255	2,904	1,769	0	0	0	0	0	0
Net Income	123,416	228,394	206,187	152,318	164,538	157,160	150,120	163,776	189,191	175,739	230,894	136,121	123,428	137,047	130,297	119,233	94,615	81,043	61,231	50,774	14,658	-16,955	-14,293	5,045	7,294	41,899
Net Income Applicable To Common Shares	0	228,394	206,187	152,318	164,538	157,160	150,120	163,776	189,191	175,739	230,894	136,121	123,428	137,047	130,297	119,233	94,615	74,880	62,858	54,260	52,804	6,123	0	0	0	0
Net Income From Continuing Ops	123,416	228,394	206,187	152,318	164,538	157,160	150,120	163,776	189,191	175,739	230,894	136,121	123,428	137,047	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-16,032	-5,277	-8,001	-12,094	-11,097	-7,931	-13,619	-14,353	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	23,644	7,384	26,696	27,750	27,755	22,938	20,552	21,967	20,947	16,015	13,672	13,112	12,682	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	35,483	23,524	15,766	104,130	24,877	3,771	10,308	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	328,508	303,215	294,920	321,488	225,428	212,344	162,912	263,890	297,879	275,395	335,233	218,511	189,026	205,862	206,333	185,124	144,681	118,493	99,286	82,274	77,885	27,197	5,808	9,634	-18,958	42,446
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	4,762,322	4,494,546	4,031,603	4,030,913	3,875,059	3,718,208	3,659,649	3,631,472	3,476,855	3,447,883	3,465,843	2,827,980	2,584,330	2,367,907	2,397,529	2,228,966	1,891,993	1,770,161	1,616,583	1,469,034	1,375,110	1,624,965	1,623,196	1,610,346	1,526,382	1,440,702
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
Reconciled Depreciation	151,709	141,957	136,559	141,384	144,228	144,124	146,719	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	5,900	6,100	5,600	4,000	4,300	0	2,400	3,000	3,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	140,972	74,600	77,700	60,400	48,200	1,507,256	1,503,867	0	1,381,527	1,368,289	1,375,131	1,107,480	0	935,999	926,418	894,800	787,821	759,387	0	632,895	601,013	613,020	0	0	0	0
Selling General Administrative	2,119,449	1,850,594	1,719,797	1,693,387	1,575,122	1,507,256	1,503,867	1,464,236	1,381,527	1,368,289	1,375,131	1,107,480	1,016,491	1	18	894,800	21	13	695,656	5	13	20	624,100	642,500	0	0
Tax Provision	33,691	70,317	64,585	48,393	47,545	40,001	-827	85,761	103,840	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	1,978,477	1,992,551	1,856,356	1,834,771	1,719,350	1,651,380	1,650,586	1,605,105	1,513,702	1,497,250	1,493,622	1,210,170	1,111,129	1,021,117	1,007,346	965,004	852,982	820,549	755,000	689,597	654,948	714,596	734,372	710,148	642,500	645,618
Total Other Income Expense Net	-171,401	-4,504	-24,148	-120,777	-13,345	-28,552	-98,172	-31,523	-3,771	-25,695	50,071	-9,739	2,940	4,518	-3,013	-3,108	933	3,088	6,337	8,826	7,982	-27,611	7,473	-511	0	0
Total Revenue	5,090,830	4,805,822	4,330,767	4,387,991	4,123,974	3,951,852	3,920,733	3,926,885	3,778,505	3,748,973	3,751,005	3,046,491	2,773,356	2,573,769	2,600,849	2,414,892	2,036,674	1,888,654	1,715,869	1,551,308	1,452,995	1,652,162	1,629,004	1,619,980	1,507,424	1,483,148

	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
Cost Of Revenue	624,735	617,468	626,097	800,852	575,698	615,621	586,084	724,592	512,531	515,078	504,062	643,576	521,577	497,659	506,033	670,873	485,960	509,056	508,552	652,141	467,155	483,789	492,051	625,122	456,800	476,170	468,152	607,941	450,462	476,760	477,955	621,190	455,939	464,045	457,253	585,916	453,759	442,978	458,019	595,877	447,511	467,798	471,614	585,298	390,666	382,508	365,658	478,978	353,350	365,706	341,887	412,258	297,298	316	318,553	414,798	305,137	322,245	333,339	429,462	321,606	298,792	293,594	349,971	242,796	244,321	244,942	306,952	223,569	222,683	224,025	279,335	200,353	205,955	202,511	252,764	182,835	186,574	181,974	228,054	173,577	167,383	165,565	213,637	245,521	211,935	203,832	249,081	233,811	205,526	195,995	253,492	237,200	214,221	204,472	244,345
Depreciation And Amortization	37,016	35,974	34,984	54,881	32,713	39,734	32,922	51,170	31,874	31,680	31,619	41,386	31,379	32,162	33,180	44,663	32,884	33,196	33,329	44,819	32,175	32,662	35,098	44,189	32,431	32,972	34,128	47,188	32,274	32,530	32,598	43,467	32,471	29,419	30,468	39,817	30,275	29,487	29,907	39,292	28,722	29,837	25,743	34,189	25,939	24,757	22,255	29,739	22,932	22,816	20,898	27,992	19,682	20	20,021	25,637	18,931	19,064	18,656	24,277	18,994	17,373	16,033	20,912	15,504	15,357	15,116	20,117	15,515	14,796	15,113	18,826	14,647	13,530	13,427	17,740	13,945	13,258	12,597	16,902	11,677	12,607	12,489	17,162	17,277	18,130	16,655	21,903	19,023	16,877	16,893	21,022	16,100	0	0	0
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	56,387	-53,532	91,115	93,768	64,094	55,451	71,695	111,975	53,771	60,776	79,407	122,591	82,264	73,090	89,744	120,198	21,343	61,929	74,381	91,299	40,741	60,562	59,531	82,679	51,587	73,545	75,324	77,827	46,218	72,720	90,715	101,446	53,045	74,865	87,454	103,315	62,638	75,256	74,630	104,153	57,100	57,234	78,341	104,148	59,186	55,831	50,560	63,422	36,634	47,763	46,079	65,429	48,742	47	51,236	62,040	50,165	51,076	45,851	63,300	54,783	45,304	33,368	54,149	30,825	33,820	34,188	44,915	23,494	26,620	30,618	34,673	18,441	21,371	29,325	31,545	11,413	21,683	24,645	13,724	15,377	19,796	21,444	21,268	14,614	17,074	15,283	7,836	-34,972	16,160	13,110	-17,126	-50,300	0	0	0
Ebitda	93,403	-17,558	126,099	148,649	96,807	95,185	104,617	163,145	85,645	92,456	111,026	163,977	113,643	105,252	122,924	164,861	54,227	95,125	107,710	136,118	72,916	93,224	94,629	126,868	84,018	106,517	109,452	125,015	78,492	105,250	123,313	144,913	85,516	104,284	117,922	143,132	92,913	104,743	104,537	143,445	85,822	87,071	104,084	138,337	85,125	80,588	72,815	93,161	59,566	70,579	66,977	93,421	68,424	67	71,257	87,677	69,096	70,140	64,507	87,577	73,777	62,677	49,401	75,061	46,329	49,177	49,304	65,032	39,009	41,416	45,731	53,499	33,088	34,901	42,752	49,285	25,358	34,941	37,242	30,626	27,054	32,403	33,933	38,430	31,891	35,204	31,938	29,739	-15,949	33,037	30,003	3,896	-34,200	0	0	0
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,575	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,950	0	-5,000	5,000	0	0	0	0
Gross Profit	504,292	581,792	601,953	733,641	506,972	542,548	542,967	711,340	470,959	512,722	513,247	658,592	501,459	491,991	519,828	678,571	431,799	457,505	467,207	611,754	413,512	439,660	449,232	581,331	416,823	456,652	458,487	579,708	418,255	442,031	457,070	583,162	402,424	421,257	431,542	560,129	423,574	406,382	419,359	563,883	396,039	410,694	426,539	545,512	358,776	334,774	315,903	419,228	300,216	309,663	300,709	389,567	275,835	282	289,163	380,228	271,687	280,325	281,109	377,545	299,986	277,145	247,062	326,736	230,868	230,904	232,896	302,995	214,609	218,408	221,747	284,278	196,171	202,050	202,789	253,276	178,597	184,777	178,712	229,785	174,498	165,792	171,628	220,915	174,849	177,904	174,508	214,532	173,427	180,063	172,943	213,747	159,000	0	0	0
Income Before Tax	46,074	-63,297	84,365	89,965	63,943	54,287	70,369	110,112	52,042	50,900	72,944	94,886	74,630	57,460	76,412	-7,791	1,172	55,800	69,046	86,065	26,475	51,126	49,779	69,781	43,824	-56,496	66,888	95,077	17,286	61,448	78,425	92,378	50,021	68,873	79,181	94,956	40,407	68,971	63,647	95,029	54,666	50,157	72,150	146,649	55,974	49,123	44,482	59,193	36,951	48,028	43,707	63,280	47,137	48	52,192	63,171	47,836	51,174	49,044	59,705	49,987	43,401	37,880	57,646	33,594	36,523	36,120	46,848	25,418	29,269	31,904	36,848	19,802	22,854	29,325	33,642	13,503	23,826	24,645	29,126	20,591	20,679	22,397	22,200	-15,260	13,338	9,835	2,802	-8,033	11,351	5,006	-34,704	-20,400	0	0	0
Income Tax Expense	10,398	-16,567	20,605	19,255	15,346	13,759	16,689	24,523	12,720	12,048	16,586	23,231	18,806	13,113	18,493	-2,019	-1,047	12,442	15,951	20,199	5,634	11,496	4,337	18,534	-34,709	-22,925	22,148	34,659	4,244	21,232	27,270	33,015	17,775	25,077	27,421	33,567	12,397	24,372	21,583	33,963	16,146	16,269	25,690	33,374	17,407	17,892	16,102	21,250	13,913	17,009	15,497	22,119	15,699	17	18,436	22,484	16,078	18,150	17,947	21,872	17,732	15,519	13,931	20,562	12,768	12,788	12,914	16,500	9,544	10,425	11,566	13,769	7,491	8,257	10,843	13,270	5,776	9,158	9,363	10,774	7,932	7,961	8,623	8,547	-5,408	5,135	3,786	1,079	-3,291	2,875	1,304	-9,023	-3,800	0	0	0
Interest Expense	3,885	8,552	4,251	10,837	330	1,342	1,504	8,858	1,419	6,670	6,556	11,681	3,156	2,755	2,869	11,639	2,170	2,334	2,769	3,824	1,717	8,180	8,214	2,901	2,563	8,194	8,436	11,625	3,882	9,440	7,649	9,068	1,528	5,992	5,998	8,359	1,025	6,285	6,494	9,124	2,434	7,077	6,191	8,819	3,212	6,708	6,078	4,229	2,813	2,838	2,372	2,149	1,605	1,791	1,984	2,784	2,329	2,858	2,806	3,595	3,060	1,903	494	679	3,450	762	740	1,409	4,923	1,222	1,425	1,425	972	755	994	660	660	85	292	1,922	1,922	411	794	17,133	17,133	5,034	800	4,100	4,100	4,800	17,600	17,600	16,300	16,580	16,215	19,255
Interest Income	4,326	4,542	4,251	3,886	330	5,459	5,075	6,757	1,419	5,359	5,486	7,480	3,156	2,755	6,132	3,314	2,170	6,371	6,423	8,647	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,109	1,098	756	452	169	467	1,137	1,301	2,266	1,234	1,016	1,855	38	1,784	614	819	579	1,125	825	375	264	39	324	1,142	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	35,676	-46,730	63,760	70,710	48,597	40,528	53,680	85,589	39,322	38,852	56,358	71,655	55,824	44,347	57,919	-5,772	2,219	43,358	53,095	65,866	20,841	39,630	45,442	51,247	78,533	-33,571	44,740	60,418	13,042	40,216	51,155	59,363	32,246	43,796	51,760	61,389	28,010	44,599	42,064	61,066	38,520	33,888	46,460	113,275	38,567	31,231	28,380	37,943	23,038	31,019	28,210	41,161	31,438	31	33,756	40,687	30,649	31,926	30,341	37,833	32,086	27,415	23,949	35,783	21,431	22,501	22,190	28,493	15,836	22,569	19,724	22,914	11,732	11,845	17,657	19,997	7,463	14,629	14,958	13,724	17,203	12,459	-9,344	-5,660	-32,930	8,203	6,049	1,723	-5,792	8,476	3,702	-20,681	-30,200	12,958	5,529	16,757
Net Income Applicable To Common Shares	0	-46,730	63,760	70,710	48,597	40,528	53,680	85,589	39,322	38,852	56,358	71,655	55,824	44,347	57,919	-5,772	2,219	43,358	53,095	65,866	20,841	39,630	45,442	51,247	78,533	-33,571	44,740	60,418	13,042	40,216	51,155	59,363	32,246	43,796	51,760	61,389	28,010	44,599	42,064	61,066	38,520	33,888	46,460	112,026	38,567	31,231	28,380	37,943	23,038	31,019	28,210	41,161	105,609	31,166	33,756	40,687	30,649	31,926	30,341	37,381	32,086	27,415	23,949	35,783	21,431	22,501	22,190	28,493	15,836	17,060	19,724	22,260	11,732	13,472	17,657	19,997	7,463	14,629	14,958	17,210	12,659	12,718	13,774	13,653	5,811	11,070	13,479	13,125	-8,477	8,477	3,703	0	0	0	0	0
Net Income From Continuing Ops	35,676	-46,730	63,760	70,710	48,597	40,528	53,680	85,589	39,322	38,852	56,358	71,655	55,824	44,347	57,919	-5,772	2,219	43,358	53,095	65,866	20,841	39,630	45,442	51,247	-1,179,155	-33,571	44,740	60,418	-1,129,364	40,216	51,155	59,363	189,191	43,796	51,760	0	175,739	44,599	42,064	0	0	33,888	46,460	0	0	31,231	28,380	0	0	31,019	28,210	0	0	31,166	33,756	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,885	-4,010	-4,251	-3,886	-330	-1,342	-1,504	-2,101	-1,419	-1,311	-1,070	-4,201	-3,156	-2,755	-2,869	-3,314	-2,170	-2,334	-2,769	-3,824	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	5,459	5,075	0	0	5,359	5,486	0	0	5,951	6,132	0	0	6,371	6,423	0	0	6,615	6,466	0	0	5,464	5,158	0	0	4,757	4,639	0	0	5,114	5,138	0	0	4,875	4,760	0	0	3,906	3,491	0	0	3,140	3,143	0	0	3,103	2,968	0	0	2,918	2,940	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	20,100	10,535	0	0	3,277	2,047	0	0	497	801	3,742	-2,007,399	100,549	-804,392	100,549	-497,540	696,556	-199,016	24,877	3,771	0	2,275	0	10,308	0	4,489	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	56,387	-59,349	88,554	93,768	64,094	55,451	71,695	111,975	53,771	52,117	73,921	115,111	77,416	52,990	79,209	111,873	3,861	58,652	72,334	90,581	30,015	53,450	52,264	76,615	46,387	-53,766	70,166	100,125	21,168	66,131	81,435	95,156	51,549	69,751	80,041	96,538	41,432	70,381	65,381	98,201	57,100	53,328	74,850	151,204	59,186	52,691	47,417	59,217	36,634	47,763	43,111	61,518	45,833	46,753	51,236	62,040	53,173	51,076	42,838	59,246	51,539	42,390	36,360	54,149	31,040	34,538	34,188	44,915	24,330	28,218	30,618	35,327	18,441	21,371	29,325	31,545	11,413	21,683	24,645	13,724	15,377	19,796	21,444	21,268	-11,686	17,074	13,972	7,836	-3,885	16,160	10,659	-17,126	-4,100	1,465	-8,428	8,428
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
Other Operating Expenses	1,072,640	1,257,334	1,136,935	1,436,530	1,018,340	1,095,883	1,057,356	1,322,967	927,947	973,333	943,388	1,187,057	940,665	916,560	936,117	1,237,571	896,040	904,632	901,378	1,173,009	838,707	869,502	888,218	1,123,774	822,036	864,741	856,473	1,116,399	822,499	850,828	848,949	1,109,196	805,318	815,551	806,479	1,049,507	814,695	778,979	807,508	1,061,559	786,450	825,164	823,303	1,030,926	690,256	664,591	634,144	838,989	616,932	627,606	599,485	740,307	527,300	551	556,480	732,986	523,651	551,494	568,597	747,761	570,053	533,547	504,296	622,558	442,624	440,687	443,650	565,032	413,848	412,873	415,154	528,286	378,083	386,634	375,975	474,495	350,019	349,668	336,041	444,115	332,698	313,379	315,749	413,284	432,056	372,765	364,368	455,777	411,123	369,429	358,279	484,365	400,300	0	0	0
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
Reconciled Depreciation	37,016	35,974	34,984	43,735	32,713	32,899	32,922	43,423	31,874	31,680	31,619	41,386	31,379	32,162	33,180	44,663	32,884	33,196	33,329	44,819	32,175	32,662	35,098	44,189	32,431	32,972	34,128	47,188	32,274	32,530	32,598	43,467	32,471	29,419	30,468	39,817	30,275	29,487	29,907	39,292	28,722	29,837	25,743	34,189	25,939	24,757	22,255	29,739	22,932	22,816	20,898	27,992	19,682	19,778	20,021	25,637	18,931	19,064	18,656	24,277	18,994	17,373	16,033	20,912	15,504	15,357	15,116	20,117	15,515	14,796	15,113	18,826	14,647	13,530	13,427	17,740	13,945	13,258	12,597	16,902	11,677	12,607	12,489	17,162	17,277	18,130	16,655	21,903	19,023	16,877	16,893	21,022	16,100	0	0	0
Research Development	0	0	0	0	16,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,400	0	0	0	3,000	0	0	0	3,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	62	603,954	0	0	74,600	447,363	438,350	0	0	0	407,707	501,973	1,693,387	386,739	396,904	522,035	1,575,122	362,380	359,497	476,049	1,507,256	353,051	360,365	454,463	1,503,867	355,599	354,193	461,270	0	341,538	338,396	444,539	1,381,527	322,087	318,758	423,774	1,368,289	306,514	319,582	426,390	1,375,131	327,529	325,946	0	1,107,480	257,326	246,231	330,272	0	239,084	236,700	300,057	935,999	215,222	217,906	292,551	926,418	210,185	216,602	294,022	894,800	217,382	197,662	251,675	787,821	181,727	183,592	237,963	759,387	176,992	176,016	230,779	0	167,149	161,433	203,991	632,895	149,836	143,386	186,434	601,013	133,389	137,695	182,485	470,320	142,700	0	0	0	0	0	0	22,800	0	0	0
Selling General Administrative	447,843	603,892	475,854	591,943	335,329	447,363	438,350	554,952	383,542	426,575	407,707	501,973	387,709	386,739	396,904	522,035	377,196	362,380	359,497	476,049	339,377	353,051	361,069	454,463	332,805	355,599	354,193	461,270	339,763	341,538	338,396	444,539	316,908	322,087	318,758	423,774	330,661	306,514	319,582	426,390	310,217	327,529	325,946	411,439	273,651	5,126	1,531	330,272	240,650	16	236,700	43	725,699	22	6	49	720,818	15	2	22	666,700	18	38	25	603,321	27	8	37	583,787	8	16	21	163,083	49	33	9	479,695	36	14	34	456,713	1,011	1,005	1,215	341,320	15,000	129,500	167,800	146,100	146,700	142,500	186,900	140,300	137,425	135,984	177,787
Tax Provision	10,398	-16,567	20,605	19,255	15,346	13,759	16,689	24,523	12,720	12,048	16,586	23,231	18,806	13,113	18,493	-2,019	-1,047	12,442	15,951	20,199	11,209	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	447,905	639,866	510,838	635,678	442,642	480,262	471,272	598,375	415,416	458,255	439,326	543,481	419,088	418,901	430,084	566,698	410,080	395,576	392,826	520,868	371,552	385,713	396,167	498,652	365,236	388,571	388,321	508,458	372,037	374,068	370,994	488,006	349,379	351,506	349,226	463,591	360,936	336,001	349,489	465,682	338,939	357,366	351,689	445,628	299,590	282,083	268,486	360,011	263,582	261,900	257,598	328,049	230,002	235	237,927	318,188	218,514	229,249	235,258	318,299	248,447	234,755	210,702	272,587	199,828	196,366	198,708	258,080	190,279	190,190	191,129	248,951	177,730	180,679	173,464	221,731	167,184	163,094	154,067	216,061	159,121	145,996	150,184	199,647	186,535	160,830	160,536	206,696	177,312	163,903	162,284	230,873	163,100	0	0	0
Total Other Income Expense Net	-10,313	-1,213	-2,499	-3,803	-151	-1,164	-1,326	-1,863	-2,082	-2,256	93	-16,024	-4,585	-12,875	-10,463	-116,350	-18,377	-3,795	-2,566	-997	-13,768	-1,256	-1,538	-9,997	-5,200	-121,847	-3,278	28,875	-25,050	-1,832	-4,641	-2,778	-1,496	-878	-2,275	-1,582	-21,206	-1,410	-4,489	-3,172	-2,434	-3,171	-2,700	51,320	-3,212	-3,568	-2,935	-24	317	265	596	1,762	1,304	1,127	956	1,131	-5,337	98	6,206	459	-1,736	1,011	2,992	3,497	215	718	1,932	1,933	836	1,598	1,286	654	1,361	1,483	-25	2,097	2,090	2,143	-45	15,402	5,214	883	953	932	-26,300	-3,736	-1,311	-5,034	31,087	-4,809	-2,451	-17,578	-16,300	0	0	0
Total Revenue	1,129,027	1,199,260	1,228,050	1,534,493	1,082,670	1,158,169	1,129,051	1,435,932	983,490	1,027,800	1,017,309	1,302,168	1,023,036	989,650	1,025,861	1,349,444	917,759	966,561	975,759	1,263,895	880,667	923,449	941,283	1,206,453	873,623	932,822	926,639	1,187,649	868,717	918,791	935,025	1,204,352	858,363	885,302	888,795	1,146,045	877,333	849,360	877,378	1,159,760	843,550	878,492	898,153	1,130,810	749,442	717,282	681,561	898,206	653,566	675,369	642,596	801,825	573,133	598	607,716	795,026	576,824	602,570	614,448	807,007	621,592	575,937	540,656	676,707	473,664	475,225	477,838	609,947	438,178	441,091	445,772	563,613	396,524	408,005	405,300	506,040	361,432	371,351	360,686	457,839	348,075	333,175	337,193	434,552	420,370	389,839	378,340	463,613	407,238	385,589	368,938	467,239	396,200	369,094	353,523	450,101

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

Gross Profit (+$)
totalRevenue	5,090,830
Cost of Revenue	-2,783,845
Gross Profit	2,306,985	2,306,985

Operating Income (+$)
Gross Profit	2,306,985
Operating Expense	-1,978,477
Operating Income	328,508	328,508

Operating Expense (+$)
Research Development	5,900
Selling General Administrative	2,119,449
Selling And Marketing Expenses	140,972
Operating Expense	1,978,477	2,266,321

Net Interest Income (+$)
Interest Income	20,577
Interest Expense	-16,032
Other Finance Cost	-20,577
Net Interest Income	-16,032

Pretax Income (+$)
Operating Income	328,508
Net Interest Income	-16,032
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	157,107	499,909 EBIT - interestExpense = 312,476 157,107 139,448
Interest Expense	16,032
Earnings Before Interest and Taxes (EBIT)	328,508	173,139
Earnings Before Interest and Taxes (EBITDA)	480,217

After tax Income (+$)
Income Before Tax	157,107
Tax Provision	-33,691
Net Income From Continuing Ops	123,416	123,416
Net Income	123,416
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	4,762,322
Total Other Income/Expenses Net	-171,401	16,032

Technical Analysis of Flowers Foods 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 Flowers Foods Inc. The general trend of Flowers Foods Inc is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Flowers Foods 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 (100.0%)		Bearish trend (-100.0%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Flowers Foods Inc.

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

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

The bullish price targets are: 25.06 < 25.21 < 25.39.

The bearish price targets are: 23.90 > 22.56 > 22.08.

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Flowers Foods 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 Flowers Foods Inc. The current mas is .

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

MA 20 trending up: The MA 20 is trending up. +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.

Flowers Foods 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 Flowers Foods Inc. The current macd is 0.21697099.

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

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Flowers Foods Inc price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Flowers Foods 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 Flowers Foods 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

Flowers Foods 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 Flowers Foods Inc. The current adx is 17.19.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-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 Flowers Foods Inc shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1

Flowers Foods 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 Flowers Foods Inc. The current sar is 22.59.

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

Flowers Foods 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 Flowers Foods Inc. The current rsi is 71.73. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
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.

Flowers Foods 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 Flowers Foods Inc. The current phase is Overbought in bull market.

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

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +2
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 Flowers Foods Inc price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Flowers Foods 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 Flowers Foods Inc. The current cci is 238.64.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

Flowers Foods 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 Flowers Foods Inc. The current cmo is 56.44.

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

Flowers Foods 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 Flowers Foods Inc. The current willr is -0.97799511.

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

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

Flowers Foods 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 Flowers Foods Inc.

Flowers Foods 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 Flowers Foods Inc. The current atr is 0.37265725.

Flowers Foods 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 Flowers Foods Inc. The current obv is 8,452,425.

Flowers Foods 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 Flowers Foods Inc. The current mfi is 48.72.

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

Flowers Foods Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Flowers Foods 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
2023-11-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2023-11-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-07	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-13	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-19	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
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.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-08	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-10	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-11	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-12	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-16	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-23	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-24	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
2024-01-25	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-09	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-13	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-20	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-23	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-27	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-06	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-08	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-11	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-14	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-15	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-18	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.
2024-03-20	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-27	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-03	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-04	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-10	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-12	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-16	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-17	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-18	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-19	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).

6.3. Candlestick Patterns

Flowers Foods Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	71.726
Ma 20	Greater than	Ma 50	23.320
Ma 50	Greater than	Ma 100	22.884
Ma 100	Greater than	Ma 200	22.511
Open	Greater than	Close	24.050
Total			4/5 (80.0%)

Create your own Symbol Scanner

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Quick analysis of Flowers Foods Inc (30 sec.)

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

$24.58

$6.37

$7.25 - $12.25

$13.61 - $18.61

2. Growth of Flowers Foods Inc (5 min.)

Is Flowers Foods Inc growing?

How much money is Flowers Foods Inc making?

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

3. Financial Health of Flowers Foods Inc (5 min.)

4. Comparing to competitors in the Packaged Foods industry (5 min.)

Industry Rankings (Packaged Foods)

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

What can you expect buying and holding a share of Flowers Foods Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Flowers Foods Inc

About Flowers Foods Inc

Financial Health

Valuation

1.1. Profitability of Flowers Foods Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Packaged Foods)

1.1.2. Return on Assets

Trends

Compared to industry (Packaged Foods)

1.1.3. Return on Equity

Trends

Compared to industry (Packaged Foods)

1.2. Operating Efficiency of Flowers Foods Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Packaged Foods)

1.2.2. Operating Ratio

Trends

Compared to industry (Packaged Foods)

1.3. Liquidity of Flowers Foods Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Packaged Foods)

1.3.2. Quick Ratio

Trends

Compared to industry (Packaged Foods)

1.4. Solvency of Flowers Foods Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Packaged Foods)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Packaged Foods)

2. Market Valuation of Flowers Foods Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Packaged Foods)

Flowers Foods Inc
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