25 XP   0   0   10

Federal National Mortgage Association
Buy, Hold or Sell?

Let's analyse Federal National Mortgage Association together

PenkeI guess you are interested in Federal National Mortgage Association. 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 Federal National Mortgage Association. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

Get notifications about Federal National Mortgage Association

I send you an email if I find something interesting about Federal National Mortgage Association.

Quick analysis of Federal National Mortgage Association (30 sec.)










What can you expect buying and holding a share of Federal National Mortgage Association? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
50.0%

What is your share worth?

Current worth
$13.98
Expected worth in 1 year
$17.04
How sure are you?
95.0%

+ What do you gain per year?

Total Gains per Share
$3.06
Return On Investment
0.0%

For what price can you sell your share?

Current Price per Share
$15,000.00
Expected price per share
$12,500 - $
How sure are you?
50%

1. Valuation of Federal National Mortgage Association (5 min.)




Live pricePrice per Share (EOD)

$15,000.00

Intrinsic Value Per Share

$-134.10 - $70.91

Total Value Per Share

$-120.12 - $84.89

2. Growth of Federal National Mortgage Association (5 min.)




Is Federal National Mortgage Association growing?

Current yearPrevious yearGrowGrow %
How rich?$82b$59.8b$15.7b20.8%

How much money is Federal National Mortgage Association making?

Current yearPrevious yearGrowGrow %
Making money$3.4b$3b$428m12.2%
Net Profit Margin34.0%40.7%--

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

3. Financial Health of Federal National Mortgage Association (5 min.)




4. Comparing to competitors in the Mortgage Finance industry (5 min.)




  Industry Rankings (Mortgage Finance)  

What can you expect buying and holding a share of Federal National Mortgage Association? (5 min.)

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

What can you expect buying and holding a share of Federal National Mortgage Association?

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

Speculation

The Price per Share of Federal National Mortgage Association is $15,000. 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 Federal National Mortgage Association.
  • 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 Federal National Mortgage Association, 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 $13.98. Based on the TTM, the Book Value Change Per Share is $0.77 per quarter. Based on the YOY, the Book Value Change Per Share is $0.53 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 $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Federal National Mortgage Association.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps0.740.0%0.180.0%0.000.0%0.040.0%0.140.0%
Usd Book Value Change Per Share0.440.0%0.770.0%0.530.0%0.650.0%0.310.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.020.0%0.260.0%
Usd Total Gains Per Share0.440.0%0.770.0%0.530.0%0.670.0%0.570.0%
Usd Price Per Share12,000.00-8,261.25-7,875.00-12,548.50-12,300.75-
Price to Earnings Ratio4,074.31--2,366,738.02-1,976,058.84-1,058,012.34-399,435.19-
Price-to-Total Gains Ratio27,191.37-12,773.64-15,463.29-10,874.61-21,219.92-
Price to Book Ratio858.52-629.14-779.62-4,044.18-8,072.63-
Price-to-Total Gains Ratio27,191.37-12,773.64-15,463.29-10,874.61-21,219.92-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share15000
Number of shares0
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.02
Usd Book Value Change Per Share0.770.65
Usd Total Gains Per Share0.770.67
Gains per Quarter (0 shares)0.000.00
Gains per Year (0 shares)0.000.00
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
100-1000-10
200-1000-10
300-1000-10
400-1000-10
500-1000-10
600-1000-10
700-1000-10
800-1000-10
900-1000-10
1000-1000-10

How sure are you?

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

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share2.02.00.050.0%9.03.00.075.0%15.05.00.075.0%30.010.00.075.0%100.026.00.079.4%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%29.011.00.072.5%95.030.01.075.4%
Dividend per Share0.00.04.00.0%0.00.012.00.0%1.00.019.05.0%20.00.020.050.0%52.00.074.041.3%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%38.02.00.095.0%111.015.00.088.1%

Fundamentals of Federal National Mortgage Association

About Federal National Mortgage Association

Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing mortgage loans, and other mortgage-related securities. The Multifamily segment securitizes multifamily mortgage loans into Fannie Mae mortgage backed securities (MBS); purchases multifamily mortgage loans; and provides credit enhancement for bonds issued by state and local housing finance authorities to finance multifamily housing. This segment also issues structured MBS backed by Fannie Mae multifamily MBS; buys and sells multifamily agency mortgage-backed securities; and invests in low-income housing tax credit multifamily projects. Federal National Mortgage Association was founded in 1938 and is based in Washington, the District of Columbia.

Fundamental data was last updated by Penke on 2024-05-16 14:11:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

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

1.1. Profitability of Federal National Mortgage Association.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Federal National Mortgage Association earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Federal National Mortgage Association to the Mortgage Finance industry mean.
  • A Net Profit Margin of 11.8% means that $0.12 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Federal National Mortgage Association:

  • The MRQ is 11.8%. The company is making a huge profit. +2
  • The TTM is 34.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ11.8%TTM34.0%-22.2%
TTM34.0%YOY40.7%-6.7%
TTM34.0%5Y51.4%-17.4%
5Y51.4%10Y49.5%+1.9%
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
MRQ11.8%48.0%-36.2%
TTM34.0%50.0%-16.0%
YOY40.7%49.9%-9.2%
5Y51.4%52.1%-0.7%
10Y49.5%47.8%+1.7%
1.1.2. Return on Assets

Shows how efficient Federal National Mortgage Association is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Federal National Mortgage Association to the Mortgage Finance industry mean.
  • 0.1% Return on Assets means that Federal National Mortgage Association generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Federal National Mortgage Association:

  • The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.1%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.1%TTM0.1%+0.0%
TTM0.1%YOY0.1%+0.0%
TTM0.1%5Y0.1%0.0%
5Y0.1%10Y0.1%+0.0%
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1%0.1%0.0%
TTM0.1%0.2%-0.1%
YOY0.1%0.1%0.0%
5Y0.1%0.3%-0.2%
10Y0.1%0.2%-0.1%
1.1.3. Return on Equity

Shows how efficient Federal National Mortgage Association is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Federal National Mortgage Association to the Mortgage Finance industry mean.
  • 5.3% Return on Equity means Federal National Mortgage Association generated $0.05 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Federal National Mortgage Association:

  • The MRQ is 5.3%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 4.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ5.3%TTM4.7%+0.6%
TTM4.7%YOY5.2%-0.4%
TTM4.7%5Y14.3%-9.6%
5Y14.3%10Y37.9%-23.7%
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
MRQ5.3%5.5%-0.2%
TTM4.7%6.0%-1.3%
YOY5.2%5.2%0.0%
5Y14.3%12.4%+1.9%
10Y37.9%12.4%+25.5%

1.2. Operating Efficiency of Federal National Mortgage Association.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Federal National Mortgage Association is operating .

  • Measures how much profit Federal National Mortgage Association 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 Federal National Mortgage Association to the Mortgage Finance industry mean.
  • An Operating Margin of 111.9% means the company generated $1.12  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Federal National Mortgage Association:

  • The MRQ is 111.9%. The company is operating very efficient. +2
  • The TTM is 130.4%. The company is operating very efficient. +2
Trends
Current periodCompared to+/- 
MRQ111.9%TTM130.4%-18.5%
TTM130.4%YOY424.8%-294.4%
TTM130.4%5Y395.1%-264.7%
5Y395.1%10Y515.7%-120.6%
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
MRQ111.9%29.4%+82.5%
TTM130.4%17.1%+113.3%
YOY424.8%23.5%+401.3%
5Y395.1%25.2%+369.9%
10Y515.7%26.7%+489.0%
1.2.2. Operating Ratio

Measures how efficient Federal National Mortgage Association is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Mortgage Finance industry mean).
  • An Operation Ratio of 0.04 means that the operating costs are $0.04 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Federal National Mortgage Association:

  • The MRQ is 0.039. The company is very efficient in keeping operating costs low. +2
  • The TTM is -0.756.
Trends
Current periodCompared to+/- 
MRQ0.039TTM-0.756+0.795
TTM-0.756YOY1.568-2.325
TTM-0.7565Y1.980-2.737
5Y1.98010Y3.250-1.269
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0390.669-0.630
TTM-0.7560.511-1.267
YOY1.5680.804+0.764
5Y1.9800.711+1.269
10Y3.2500.726+2.524

1.3. Liquidity of Federal National Mortgage Association.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Federal National Mortgage Association is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Mortgage Finance industry mean).
  • A Current Ratio of 1.13 means the company has $1.13 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Federal National Mortgage Association:

  • The MRQ is 1.126. The company is just able to pay all its short-term debts.
  • The TTM is 2.218. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.126TTM2.218-1.092
TTM2.218YOY3.503-1.285
TTM2.2185Y2.665-0.447
5Y2.66510Y3.158-0.493
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1262.775-1.649
TTM2.21832.849-30.631
YOY3.5034.464-0.961
5Y2.66537.368-34.703
10Y3.15830.198-27.040
1.3.2. Quick Ratio

Measures if Federal National Mortgage Association is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Federal National Mortgage Association to the Mortgage Finance industry mean.
  • A Quick Ratio of 4.08 means the company can pay off $4.08 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Federal National Mortgage Association:

  • The MRQ is 4.076. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 2.960. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ4.076TTM2.960+1.115
TTM2.960YOY4.872-1.912
TTM2.9605Y3.483-0.523
5Y3.48310Y4.187-0.704
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
MRQ4.0763.607+0.469
TTM2.96036.498-33.538
YOY4.8725.728-0.856
5Y3.48335.124-31.641
10Y4.18738.629-34.442

1.4. Solvency of Federal National Mortgage Association.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Federal National Mortgage Association assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Federal National Mortgage Association to Mortgage Finance industry mean.
  • A Debt to Asset Ratio of 0.98 means that Federal National Mortgage Association assets are financed with 98.1% credit (debt) and the remaining percentage (100% - 98.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Federal National Mortgage Association:

  • The MRQ is 0.981. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.983. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.981TTM0.983-0.001
TTM0.983YOY0.986-0.004
TTM0.9835Y0.990-0.007
5Y0.99010Y0.994-0.004
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9810.967+0.014
TTM0.9830.967+0.016
YOY0.9860.946+0.040
5Y0.9900.961+0.029
10Y0.9940.937+0.057
1.4.2. Debt to Equity Ratio

Measures if Federal National Mortgage Association is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Federal National Mortgage Association to the Mortgage Finance industry mean.
  • A Debt to Equity ratio of 5,172.6% means that company has $51.73 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Federal National Mortgage Association:

  • The MRQ is 51.726. The company is unable to pay all its debts with equity. -1
  • The TTM is 56.438. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ51.726TTM56.438-4.713
TTM56.438YOY70.943-14.504
TTM56.4385Y148.258-91.819
5Y148.25810Y433.175-284.917
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
MRQ51.72631.744+19.982
TTM56.43831.739+24.699
YOY70.94329.856+41.087
5Y148.25826.780+121.478
10Y433.17521.756+411.419

2. Market Valuation of Federal National Mortgage Association

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 Federal National Mortgage Association generates.

  • Above 15 is considered overpriced but always compare Federal National Mortgage Association to the Mortgage Finance industry mean.
  • A PE ratio of 4,074.31 means the investor is paying $4,074.31 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Federal National Mortgage Association:

  • The EOD is 5,092.882. Based on the earnings, the company is expensive. -2
  • The MRQ is 4,074.306. Based on the earnings, the company is expensive. -2
  • The TTM is -2,366,738.016. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD5,092.882MRQ4,074.306+1,018.576
MRQ4,074.306TTM-2,366,738.016+2,370,812.322
TTM-2,366,738.016YOY1,976,058.839-4,342,796.855
TTM-2,366,738.0165Y1,058,012.345-3,424,750.361
5Y1,058,012.34510Y399,435.193+658,577.152
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
EOD5,092.8823.059+5,089.823
MRQ4,074.3062.990+4,071.316
TTM-2,366,738.0162.990-2,366,741.006
YOY1,976,058.8397.749+1,976,051.090
5Y1,058,012.34519.018+1,057,993.327
10Y399,435.19311.598+399,423.595
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Federal National Mortgage Association:

  • The EOD is 3,083.567. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is 2,466.854. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 4,807.447. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD3,083.567MRQ2,466.854+616.713
MRQ2,466.854TTM4,807.447-2,340.594
TTM4,807.447YOY1,498.400+3,309.047
TTM4,807.4475Y10,600.768-5,793.321
5Y10,600.76810Y2,710.176+7,890.591
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
EOD3,083.5671.411+3,082.156
MRQ2,466.8541.220+2,465.634
TTM4,807.4472.005+4,805.442
YOY1,498.400-0.040+1,498.440
5Y10,600.7680.427+10,600.341
10Y2,710.1760.027+2,710.149
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Federal National Mortgage Association is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Mortgage Finance industry mean).
  • A PB ratio of 858.52 means the investor is paying $858.52 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Federal National Mortgage Association:

  • The EOD is 1,073.153. Based on the equity, the company is expensive. -2
  • The MRQ is 858.523. Based on the equity, the company is expensive. -2
  • The TTM is 629.143. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD1,073.153MRQ858.523+214.631
MRQ858.523TTM629.143+229.380
TTM629.143YOY779.621-150.478
TTM629.1435Y4,044.179-3,415.036
5Y4,044.17910Y8,072.632-4,028.453
Compared to industry (Mortgage Finance)
PeriodCompanyIndustry (mean)+/- 
EOD1,073.1530.501+1,072.652
MRQ858.5230.472+858.051
TTM629.1430.435+628.708
YOY779.6210.420+779.201
5Y4,044.1791.429+4,042.750
10Y8,072.6320.845+8,071.787
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Federal National Mortgage Association compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.4410.765-42%0.533-17%0.653-32%0.314+40%
Book Value Per Share--13.97812.948+8%10.244+36%7.326+91%4.039+246%
Current Ratio--1.1262.218-49%3.503-68%2.665-58%3.158-64%
Debt To Asset Ratio--0.9810.9830%0.986-1%0.990-1%0.994-1%
Debt To Equity Ratio--51.72656.438-8%70.943-27%148.258-65%433.175-88%
Dividend Per Share----0%-0%0.020-100%0.259-100%
Eps--0.7360.184+300%0.001+125816%0.039+1784%0.139+428%
Free Cash Flow Per Share--1.2161.195+2%1.766-31%0.347+251%0.195+522%
Free Cash Flow To Equity Per Share---3.947-4.881+24%-4.459+13%-3.951+0%-6.262+59%
Gross Profit Margin--0.8820.970-9%1.000-12%0.994-11%0.997-12%
Intrinsic Value_10Y_max--70.911--------
Intrinsic Value_10Y_min---134.095--------
Intrinsic Value_1Y_max--5.655--------
Intrinsic Value_1Y_min---1.644--------
Intrinsic Value_3Y_max--18.096--------
Intrinsic Value_3Y_min---15.183--------
Intrinsic Value_5Y_max--31.871--------
Intrinsic Value_5Y_min---39.845--------
Market Cap86082600960000.000+18%70404000000000.00048214889895600.000+46%46105095112000.000+53%73783944913745.000-5%71901496691560.000-2%
Net Profit Margin--0.1180.340-65%0.407-71%0.514-77%0.495-76%
Operating Margin--1.1191.304-14%4.248-74%3.951-72%5.157-78%
Operating Ratio--0.039-0.756+2047%1.568-98%1.980-98%3.250-99%
Pb Ratio1073.153+20%858.523629.143+36%779.621+10%4044.179-79%8072.632-89%
Pe Ratio5092.882+20%4074.306-2366738.016+58189%1976058.839-100%1058012.345-100%399435.193-99%
Price Per Share15000.000+20%12000.0008261.250+45%7875.000+52%12548.500-4%12300.750-2%
Price To Free Cash Flow Ratio3083.567+20%2466.8544807.447-49%1498.400+65%10600.768-77%2710.176-9%
Price To Total Gains Ratio33989.218+20%27191.37512773.639+113%15463.285+76%10874.608+150%21219.916+28%
Quick Ratio--4.0762.960+38%4.872-16%3.483+17%4.187-3%
Return On Assets--0.0010.001+23%0.001+40%0.001+6%0.001+15%
Return On Equity--0.0530.047+12%0.052+2%0.143-63%0.379-86%
Total Gains Per Share--0.4410.765-42%0.533-17%0.673-34%0.574-23%
Usd Book Value--82006000000.00075614250000.000+8%59893250000.000+37%42928850000.000+91%23652275000.000+247%
Usd Book Value Change Per Share--0.4410.765-42%0.533-17%0.653-32%0.314+40%
Usd Book Value Per Share--13.97812.948+8%10.244+36%7.326+91%4.039+246%
Usd Dividend Per Share----0%-0%0.020-100%0.259-100%
Usd Eps--0.7360.184+300%0.001+125816%0.039+1784%0.139+428%
Usd Free Cash Flow--7135000000.0006916000000.000+3%10335500000.000-31%2003550000.000+256%1124200000.000+535%
Usd Free Cash Flow Per Share--1.2161.195+2%1.766-31%0.347+251%0.195+522%
Usd Free Cash Flow To Equity Per Share---3.947-4.881+24%-4.459+13%-3.951+0%-6.262+59%
Usd Market Cap86082600960000.000+18%70404000000000.00048214889895600.000+46%46105095112000.000+53%73783944913745.000-5%71901496691560.000-2%
Usd Price Per Share15000.000+20%12000.0008261.250+45%7875.000+52%12548.500-4%12300.750-2%
Usd Profit--4320000000.0003499750000.000+23%3071750000.000+41%3821750000.000+13%3211725000.000+35%
Usd Revenue--36631000000.00014986000000.000+144%7462000000.000+391%8523050000.000+330%6986500000.000+424%
Usd Total Gains Per Share--0.4410.765-42%0.533-17%0.673-34%0.574-23%
 EOD+4 -4MRQTTM+22 -12YOY+19 -155Y+22 -1410Y+23 -13

3.2. Fundamental Score

Let's check the fundamental score of Federal National Mortgage Association based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-155,092.882
Price to Book Ratio (EOD)Between0-11,073.153
Net Profit Margin (MRQ)Greater than00.118
Operating Margin (MRQ)Greater than01.119
Quick Ratio (MRQ)Greater than14.076
Current Ratio (MRQ)Greater than11.126
Debt to Asset Ratio (MRQ)Less than10.981
Debt to Equity Ratio (MRQ)Less than151.726
Return on Equity (MRQ)Greater than0.150.053
Return on Assets (MRQ)Greater than0.050.001
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Federal National Mortgage Association based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5099.563
Ma 20Greater thanMa 5012,675.000
Ma 50Greater thanMa 10012,270.000
Ma 100Greater thanMa 20011,175.250
OpenGreater thanClose14,500.000
Total4/5 (80.0%)



Reversals in quarterly reports

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

 2023-03-312023-06-302023-09-302023-12-312024-03-31
Long-term Assets Other  -12,615,000-38,616,000-51,231,000-641,000-51,872,000-1,244,000-53,116,00064,021,00010,905,000



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in USD. All numbers in thousands.

Summary
Total Assets4,323,819,000
Total Liabilities4,241,813,000
Total Stockholder Equity82,006,000
 As reported
Total Liabilities 4,241,813,000
Total Stockholder Equity+ 82,006,000
Total Assets = 4,323,819,000

Assets

Total Assets4,323,819,000
Total Current Assets12,524,000
Long-term Assets4,311,295,000
Total Current Assets
Cash And Cash Equivalents 33,254,000
Short-term Investments 535,000
Net Receivables 11,535,000
Inventory 1,384,000
Other Current Assets -46,173,000
Total Current Assets  (as reported)12,524,000
Total Current Assets  (calculated)535,000
+/- 11,989,000
Long-term Assets
Property Plant Equipment 1,800,000
Long Term Investments 49,896,000
Other Assets 4,267,975,000
Long-term Assets  (as reported)4,311,295,000
Long-term Assets  (calculated)4,319,671,000
+/- 8,376,000

Liabilities & Shareholders' Equity

Total Current Liabilities11,121,000
Long-term Liabilities4,230,692,000
Total Stockholder Equity82,006,000
Total Current Liabilities
Short-term Debt 14,285,000
Short Long Term Debt 14,285,000
Accounts payable 11,121,000
Other Current Liabilities -14,285,000
Total Current Liabilities  (as reported)11,121,000
Total Current Liabilities  (calculated)25,406,000
+/- 14,285,000
Long-term Liabilities
Long term Debt 4,202,289,000
Long-term Liabilities  (as reported)4,230,692,000
Long-term Liabilities  (calculated)4,202,289,000
+/- 28,403,000
Total Stockholder Equity
Common Stock687,000
Accumulated Other Comprehensive Income 36,000
Other Stockholders Equity -7,400,000
Total Stockholder Equity (as reported)82,006,000
Total Stockholder Equity (calculated)-6,677,000
+/- 88,683,000
Other
Capital Stock140,653,000
Cash and Short Term Investments 33,254,000
Common Stock Shares Outstanding 5,867,000
Current Deferred Revenue-11,121,000
Liabilities and Stockholders Equity 4,323,819,000
Net Debt 4,183,320,000
Net Invested Capital 4,158,614,000
Net Working Capital 1,403,000
Short Long Term Debt Total 4,216,574,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-09-302006-06-302006-03-312005-09-302005-06-302005-03-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-311999-12-311999-09-301999-06-301999-03-311998-12-311998-09-301998-06-301998-03-311997-12-311997-09-301997-06-301997-03-311996-12-311996-09-301996-06-301996-03-311995-12-311995-09-301995-06-301995-03-311994-12-311994-09-301994-06-301994-03-311993-12-311993-09-301993-06-301993-03-311992-12-311992-09-301992-06-301992-03-311991-12-311991-09-301991-06-301991-03-311990-12-311990-09-301990-06-301990-03-311989-12-311989-09-301989-06-30
> Total Assets 
113,664,100
119,533,100
124,315,000
125,225,500
126,912,700
128,354,500
133,113,000
135,410,800
138,180,900
139,619,000
147,072,000
155,165,000
162,478,300
170,055,200
180,978,000
180,259,900
192,042,600
211,441,600
216,979,000
231,907,700
243,172,500
254,805,300
272,508,000
274,716,600
287,274,100
294,229,700
316,549,800
325,138,700
326,910,000
338,534,100
351,041,400
357,009,800
365,997,000
379,225,000
391,672,700
403,992,700
429,448,100
455,099,300
485,014,000
501,058,300
526,262,800
551,531,800
575,167,000
586,697,900
608,775,000
638,147,000
675,072,000
700,977,000
737,151,000
766,650,000
799,791,000
807,961,000
826,677,000
837,711,000
887,515,000
913,264,000
923,795,000
1,019,171,000
1,009,569,000
995,268,000
989,341,000
0
0
0
0
0
0
1,020,934,000
834,168,000
843,936,000
839,464,000
882,547,000
843,227,000
885,918,000
896,615,000
912,404,000
919,638,000
911,382,000
890,275,000
869,141,000
3,293,755,000
3,256,267,000
0
3,221,972,000
3,227,042,000
3,196,112,000
3,213,877,000
3,211,484,000
3,209,940,000
3,195,620,000
3,226,250,000
3,222,422,000
3,280,665,000
3,281,222,000
3,270,108,000
3,226,505,000
3,218,817,000
3,230,316,000
3,248,176,000
3,238,113,000
3,225,400,000
3,230,782,000
3,221,917,000
3,221,701,000
3,234,893,000
3,255,942,000
3,287,968,000
3,303,754,000
3,309,230,000
3,330,759,000
3,345,529,000
3,364,402,000
3,363,364,000
3,401,105,000
3,418,318,000
3,421,034,000
3,443,287,000
3,494,436,000
3,503,319,000
3,601,356,000
3,760,676,000
3,864,603,000
3,985,749,000
4,070,103,000
4,158,038,000
4,209,209,000
4,229,166,000
4,285,029,000
4,288,967,000
4,289,453,000
4,305,288,000
4,317,460,000
4,323,710,000
4,329,380,000
4,325,437,000
4,323,819,000
4,323,819,0004,325,437,0004,329,380,0004,323,710,0004,317,460,0004,305,288,0004,289,453,0004,288,967,0004,285,029,0004,229,166,0004,209,209,0004,158,038,0004,070,103,0003,985,749,0003,864,603,0003,760,676,0003,601,356,0003,503,319,0003,494,436,0003,443,287,0003,421,034,0003,418,318,0003,401,105,0003,363,364,0003,364,402,0003,345,529,0003,330,759,0003,309,230,0003,303,754,0003,287,968,0003,255,942,0003,234,893,0003,221,701,0003,221,917,0003,230,782,0003,225,400,0003,238,113,0003,248,176,0003,230,316,0003,218,817,0003,226,505,0003,270,108,0003,281,222,0003,280,665,0003,222,422,0003,226,250,0003,195,620,0003,209,940,0003,211,484,0003,213,877,0003,196,112,0003,227,042,0003,221,972,00003,256,267,0003,293,755,000869,141,000890,275,000911,382,000919,638,000912,404,000896,615,000885,918,000843,227,000882,547,000839,464,000843,936,000834,168,0001,020,934,000000000989,341,000995,268,0001,009,569,0001,019,171,000923,795,000913,264,000887,515,000837,711,000826,677,000807,961,000799,791,000766,650,000737,151,000700,977,000675,072,000638,147,000608,775,000586,697,900575,167,000551,531,800526,262,800501,058,300485,014,000455,099,300429,448,100403,992,700391,672,700379,225,000365,997,000357,009,800351,041,400338,534,100326,910,000325,138,700316,549,800294,229,700287,274,100274,716,600272,508,000254,805,300243,172,500231,907,700216,979,000211,441,600192,042,600180,259,900180,978,000170,055,200162,478,300155,165,000147,072,000139,619,000138,180,900135,410,800133,113,000128,354,500126,912,700125,225,500124,315,000119,533,100113,664,100
   > Total Current Assets 
6,320,100
7,640,800
8,074,000
6,731,500
7,542,200
8,249,400
7,586,000
6,179,900
6,538,500
6,737,200
7,444,000
7,745,600
11,688,000
10,446,900
7,324,000
6,693,100
8,946,300
11,044,600
2,234,000
3,263,700
3,272,800
2,975,000
1,919,000
2,348,100
3,298,900
2,370,600
2,726,900
3,020,500
3,772,000
3,122,500
3,287,600
3,572,600
4,635,500
3,924,600
5,152,100
3,390,500
3,963,300
3,654,800
4,196,000
3,638,500
3,614,100
3,895,500
5,629,000
4,183,900
3,923,000
4,226,100
5,145,700
5,550,500
5,809,000
7,250,000
6,223,000
5,849,100
5,756,000
7,064,000
6,625,000
11,111,000
7,589,000
7,489,000
7,490,000
14,522,000
12,200,000
0
0
0
0
0
0
6,892,000
6,326,000
6,911,000
7,490,000
7,753,000
5,673,000
17,144,000
40,012,000
21,749,000
37,672,000
45,837,000
19,462,000
29,434,000
41,817,000
40,695,000
0
29,527,000
31,134,000
24,955,000
35,169,000
27,539,000
32,067,000
34,396,000
30,637,000
93,474,000
89,251,000
80,480,000
65,718,000
59,643,000
63,345,000
56,994,000
60,870,000
59,582,000
51,513,000
50,059,000
42,630,000
43,877,000
44,817,000
44,152,000
41,324,000
40,413,000
31,152,000
37,974,000
45,086,000
22,212,000
32,832,000
40,118,000
37,476,000
39,636,000
42,641,000
34,205,000
32,192,000
91,560,000
66,309,000
49,115,000
49,971,000
38,033,000
60,003,000
78,158,000
52,549,000
54,237,000
51,208,000
59,590,000
67,809,000
70,111,000
62,160,000
92,261,000
47,105,000
12,524,000
12,524,00047,105,00092,261,00062,160,00070,111,00067,809,00059,590,00051,208,00054,237,00052,549,00078,158,00060,003,00038,033,00049,971,00049,115,00066,309,00091,560,00032,192,00034,205,00042,641,00039,636,00037,476,00040,118,00032,832,00022,212,00045,086,00037,974,00031,152,00040,413,00041,324,00044,152,00044,817,00043,877,00042,630,00050,059,00051,513,00059,582,00060,870,00056,994,00063,345,00059,643,00065,718,00080,480,00089,251,00093,474,00030,637,00034,396,00032,067,00027,539,00035,169,00024,955,00031,134,00029,527,000040,695,00041,817,00029,434,00019,462,00045,837,00037,672,00021,749,00040,012,00017,144,0005,673,0007,753,0007,490,0006,911,0006,326,0006,892,00000000012,200,00014,522,0007,490,0007,489,0007,589,00011,111,0006,625,0007,064,0005,756,0005,849,1006,223,0007,250,0005,809,0005,550,5005,145,7004,226,1003,923,0004,183,9005,629,0003,895,5003,614,1003,638,5004,196,0003,654,8003,963,3003,390,5005,152,1003,924,6004,635,5003,572,6003,287,6003,122,5003,772,0003,020,5002,726,9002,370,6003,298,9002,348,1001,919,0002,975,0003,272,8003,263,7002,234,00011,044,6008,946,3006,693,1007,324,00010,446,90011,688,0007,745,6007,444,0006,737,2006,538,5006,179,9007,586,0008,249,4007,542,2006,731,5008,074,0007,640,8006,320,100
       Cash And Cash Equivalents 
3,821,500
4,899,200
5,214,000
4,135,600
4,508,700
4,958,400
4,178,000
2,852,900
2,631,900
2,695,400
3,194,000
4,702,300
8,489,700
7,398,400
5,193,000
4,470,900
6,632,000
8,947,300
977,000
1,690,100
1,616,300
1,195,000
231,000
435,600
1,302,500
355,100
318,200
566,200
1,363,100
659,900
850,000
985,700
1,920,800
1,166,200
2,204,800
353,200
801,500
188,700
743,000
41,100
136,200
109,900
2,099,000
121,900
29,000
213,100
616,700
808,500
824,000
2,069,000
1,518,000
939,100
873,000
2,136,000
1,710,000
5,982,000
2,165,000
1,356,000
1,415,000
3,214,000
340,000
0
0
0
0
0
0
2,655,000
2,820,000
3,239,000
3,708,000
3,941,000
1,997,000
13,493,000
36,301,000
17,933,000
23,246,000
28,234,000
15,382,000
6,812,000
30,477,000
27,844,000
0
17,297,000
19,831,000
14,274,000
24,307,000
17,539,000
22,049,000
24,728,000
20,674,000
21,117,000
24,718,000
30,784,000
19,228,000
14,056,000
20,847,000
16,329,000
22,023,000
23,860,000
19,313,000
19,915,000
14,674,000
18,916,000
23,619,000
26,559,000
25,224,000
24,988,000
16,904,000
23,914,000
32,110,000
10,248,000
20,853,000
27,789,000
25,557,000
27,496,000
30,791,000
22,592,000
21,184,000
80,463,000
54,510,000
37,472,000
38,337,000
26,538,000
48,879,000
67,377,000
42,448,000
36,330,000
41,639,000
35,640,000
57,987,000
60,330,000
52,229,000
48,604,000
35,817,000
33,254,000
33,254,00035,817,00048,604,00052,229,00060,330,00057,987,00035,640,00041,639,00036,330,00042,448,00067,377,00048,879,00026,538,00038,337,00037,472,00054,510,00080,463,00021,184,00022,592,00030,791,00027,496,00025,557,00027,789,00020,853,00010,248,00032,110,00023,914,00016,904,00024,988,00025,224,00026,559,00023,619,00018,916,00014,674,00019,915,00019,313,00023,860,00022,023,00016,329,00020,847,00014,056,00019,228,00030,784,00024,718,00021,117,00020,674,00024,728,00022,049,00017,539,00024,307,00014,274,00019,831,00017,297,000027,844,00030,477,0006,812,00015,382,00028,234,00023,246,00017,933,00036,301,00013,493,0001,997,0003,941,0003,708,0003,239,0002,820,0002,655,000000000340,0003,214,0001,415,0001,356,0002,165,0005,982,0001,710,0002,136,000873,000939,1001,518,0002,069,000824,000808,500616,700213,10029,000121,9002,099,000109,900136,20041,100743,000188,700801,500353,2002,204,8001,166,2001,920,800985,700850,000659,9001,363,100566,200318,200355,1001,302,500435,600231,0001,195,0001,616,3001,690,100977,0008,947,3006,632,0004,470,9005,193,0007,398,4008,489,7004,702,3003,194,0002,695,4002,631,9002,852,9004,178,0004,958,4004,508,7004,135,6005,214,0004,899,2003,821,500
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
77,582,000
0
0
0
63,181,000
55,536,000
41,000,000
38,171,000
37,128,000
34,026,000
32,099,000
30,654,000
27,732,000
24,161,000
22,007,000
20,230,000
16,983,000
13,180,000
9,865,000
8,363,000
7,721,000
6,408,000
5,963,000
4,843,000
3,888,000
3,723,000
3,537,000
3,429,000
3,214,000
2,761,000
2,690,000
2,404,000
2,289,000
2,120,000
1,895,000
1,697,000
1,502,000
955,000
886,000
837,000
806,000
4,000
741,000
1,000
1,000
1,000
2,000
564,000
535,000
535,000564,0002,0001,0001,0001,000741,0004,000806,000837,000886,000955,0001,502,0001,697,0001,895,0002,120,0002,289,0002,404,0002,690,0002,761,0003,214,0003,429,0003,537,0003,723,0003,888,0004,843,0005,963,0006,408,0007,721,0008,363,0009,865,00013,180,00016,983,00020,230,00022,007,00024,161,00027,732,00030,654,00032,099,00034,026,00037,128,00038,171,00041,000,00055,536,00063,181,00000077,582,000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
2,498,600
2,741,600
2,860,000
2,595,900
3,033,500
3,291,000
3,408,000
3,327,000
3,906,600
4,041,800
4,250,000
3,043,300
3,198,300
3,048,500
2,131,000
2,222,200
2,314,300
2,097,300
1,257,000
1,573,600
1,656,500
1,780,000
1,688,000
1,912,500
1,996,400
2,015,500
2,408,700
2,454,300
2,408,900
2,462,600
2,437,600
2,586,900
2,714,700
2,758,400
2,947,300
3,037,300
3,161,800
3,466,100
3,453,000
3,597,400
3,477,900
3,785,600
3,530,000
4,062,000
3,894,000
4,013,000
4,529,000
4,742,000
4,985,000
5,181,000
4,705,000
4,910,000
4,883,000
4,928,000
4,915,000
5,129,000
5,424,000
6,133,000
6,075,000
11,308,000
11,860,000
0
0
0
0
0
0
4,237,000
3,506,000
3,672,000
3,782,000
3,812,000
3,676,000
3,651,000
3,711,000
3,816,000
14,426,000
17,603,000
4,080,000
22,622,000
11,340,000
12,851,000
0
12,230,000
11,303,000
10,681,000
10,862,000
10,000,000
10,018,000
9,668,000
9,963,000
9,176,000
8,997,000
8,696,000
8,319,000
8,459,000
8,472,000
8,566,000
8,193,000
7,990,000
8,039,000
8,137,000
7,726,000
7,978,000
8,018,000
7,728,000
7,737,000
7,704,000
7,840,000
8,097,000
8,133,000
8,076,000
8,256,000
8,792,000
8,490,000
8,926,000
9,089,000
8,923,000
8,604,000
8,808,000
9,679,000
9,748,000
9,937,000
9,993,000
10,169,000
9,895,000
9,264,000
9,383,000
9,565,000
9,478,000
9,821,000
9,780,000
9,930,000
10,462,000
10,724,000
11,535,000
11,535,00010,724,00010,462,0009,930,0009,780,0009,821,0009,478,0009,565,0009,383,0009,264,0009,895,00010,169,0009,993,0009,937,0009,748,0009,679,0008,808,0008,604,0008,923,0009,089,0008,926,0008,490,0008,792,0008,256,0008,076,0008,133,0008,097,0007,840,0007,704,0007,737,0007,728,0008,018,0007,978,0007,726,0008,137,0008,039,0007,990,0008,193,0008,566,0008,472,0008,459,0008,319,0008,696,0008,997,0009,176,0009,963,0009,668,00010,018,00010,000,00010,862,00010,681,00011,303,00012,230,000012,851,00011,340,00022,622,0004,080,00017,603,00014,426,0003,816,0003,711,0003,651,0003,676,0003,812,0003,782,0003,672,0003,506,0004,237,00000000011,860,00011,308,0006,075,0006,133,0005,424,0005,129,0004,915,0004,928,0004,883,0004,910,0004,705,0005,181,0004,985,0004,742,0004,529,0004,013,0003,894,0004,062,0003,530,0003,785,6003,477,9003,597,4003,453,0003,466,1003,161,8003,037,3002,947,3002,758,4002,714,7002,586,9002,437,6002,462,6002,408,9002,454,3002,408,7002,015,5001,996,4001,912,5001,688,0001,780,0001,656,5001,573,6001,257,0002,097,3002,314,3002,222,2002,131,0003,048,5003,198,3003,043,3004,250,0004,041,8003,906,6003,327,0003,408,0003,291,0003,033,5002,595,9002,860,0002,741,6002,498,600
       Other Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,411,000
37,328,000
33,380,000
33,885,000
0
0
37,548,000
34,628,000
37,733,000
44,174,000
58,499,000
50,033,000
56,348,000
79,021,000
88,065,000
89,027,000
-125,871,000
-136,921,000
-144,850,000
-119,387,000
-85,435,000
-87,160,000
-58,994,000
-99,470,000
-102,455,000
-91,213,000
-94,082,000
-81,297,000
-46,173,000
-46,173,000-81,297,000-94,082,000-91,213,000-102,455,000-99,470,000-58,994,000-87,160,000-85,435,000-119,387,000-144,850,000-136,921,000-125,871,00089,027,00088,065,00079,021,00056,348,00050,033,00058,499,00044,174,00037,733,00034,628,00037,548,0000033,885,00033,380,00037,328,00033,411,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   > Long-term Assets 
5,821,200
6,447,500
7,104,000
7,642,000
7,949,800
7,748,600
10,238,000
11,514,800
10,240,700
9,152,800
11,347,000
11,458,200
9,157,900
14,797,300
15,310,000
12,277,100
11,453,200
19,204,200
22,075,000
29,283,400
30,058,300
35,173,600
46,971,000
46,752,200
48,971,200
48,382,600
57,910,700
57,280,500
50,378,800
54,874,000
57,559,800
58,070,300
60,243,000
64,306,300
65,515,300
68,145,400
70,587,100
69,547,000
59,342,000
50,767,100
43,066,700
37,176,000
40,459,000
39,076,100
48,092,000
55,640,900
55,604,300
44,807,500
58,893,000
58,532,000
75,238,000
57,104,900
64,841,000
52,136,000
612,671,000
683,668,000
609,150,000
693,586,000
726,926,000
714,860,000
713,680,000
0
0
0
0
0
0
575,443,000
417,150,000
392,253,000
383,583,000
361,115,000
343,522,000
350,783,000
378,043,000
364,212,000
362,818,000
381,253,000
383,336,000
361,181,000
195,418,000
198,854,000
0
167,421,000
161,912,000
162,115,000
163,054,000
163,153,000
160,204,000
131,016,000
119,152,000
103,876,000
95,725,000
73,860,000
68,939,000
68,923,000
60,656,000
62,943,000
62,158,000
59,018,000
59,025,000
60,016,000
60,138,000
56,983,000
52,347,000
50,412,000
48,925,000
45,405,000
45,682,000
42,849,000
39,522,000
43,985,000
46,104,000
47,438,000
45,296,000
44,113,000
45,627,000
46,896,000
50,527,000
55,230,000
108,864,000
144,367,000
138,239,000
112,758,000
96,056,000
98,095,000
84,819,000
13,075,000
65,576,000
12,729,000
50,825,000
51,089,000
51,231,000
11,885,000
53,116,000
4,311,295,000
4,311,295,00053,116,00011,885,00051,231,00051,089,00050,825,00012,729,00065,576,00013,075,00084,819,00098,095,00096,056,000112,758,000138,239,000144,367,000108,864,00055,230,00050,527,00046,896,00045,627,00044,113,00045,296,00047,438,00046,104,00043,985,00039,522,00042,849,00045,682,00045,405,00048,925,00050,412,00052,347,00056,983,00060,138,00060,016,00059,025,00059,018,00062,158,00062,943,00060,656,00068,923,00068,939,00073,860,00095,725,000103,876,000119,152,000131,016,000160,204,000163,153,000163,054,000162,115,000161,912,000167,421,0000198,854,000195,418,000361,181,000383,336,000381,253,000362,818,000364,212,000378,043,000350,783,000343,522,000361,115,000383,583,000392,253,000417,150,000575,443,000000000713,680,000714,860,000726,926,000693,586,000609,150,000683,668,000612,671,00052,136,00064,841,00057,104,90075,238,00058,532,00058,893,00044,807,50055,604,30055,640,90048,092,00039,076,10040,459,00037,176,00043,066,70050,767,10059,342,00069,547,00070,587,10068,145,40065,515,30064,306,30060,243,00058,070,30057,559,80054,874,00050,378,80057,280,50057,910,70048,382,60048,971,20046,752,20046,971,00035,173,60030,058,30029,283,40022,075,00019,204,20011,453,20012,277,10015,310,00014,797,3009,157,90011,458,20011,347,0009,152,80010,240,70011,514,80010,238,0007,748,6007,949,8007,642,0007,104,0006,447,5005,821,200
       Property Plant Equipment 
528,100
509,300
448,000
450,000
406,500
381,500
370,000
363,700
309,200
348,000
348,000
350,700
368,900
463,700
524,000
564,300
596,800
628,300
679,000
663,500
633,900
681,600
636,000
645,000
630,700
666,500
638,200
763,800
804,400
929,700
953,900
953,400
960,500
953,100
919,100
936,200
943,900
894,100
827,000
851,100
762,500
768,700
708,000
750,900
697,000
669,000
636,000
705,000
634,000
657,000
684,000
754,000
850,000
914,000
1,033,000
1,157,000
1,242,000
1,347,000
1,486,000
1,739,000
1,794,000
0
0
0
0
0
0
0
1,771,000
2,141,000
2,395,000
3,602,000
4,721,000
5,995,000
7,493,000
6,918,000
6,630,000
6,608,000
7,735,000
9,142,000
12,369,000
14,021,000
0
16,173,000
15,264,000
13,592,000
12,195,000
11,373,000
10,619,000
10,387,000
10,278,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,489,000
4,103,000
3,696,000
3,581,000
3,220,000
3,044,000
0
0
0
0
0
0
0
0
0
0
1,261,000
1,183,000
1,138,000
1,261,000
1,259,000
1,456,000
1,485,000
1,539,000
1,600,000
1,600,000
1,600,000
1,700,000
1,800,000
1,800,000
1,800,0001,800,0001,700,0001,600,0001,600,0001,600,0001,539,0001,485,0001,456,0001,259,0001,261,0001,138,0001,183,0001,261,00000000000003,044,0003,220,0003,581,0003,696,0004,103,0004,489,00000000000000000010,278,00010,387,00010,619,00011,373,00012,195,00013,592,00015,264,00016,173,000014,021,00012,369,0009,142,0007,735,0006,608,0006,630,0006,918,0007,493,0005,995,0004,721,0003,602,0002,395,0002,141,0001,771,00000000001,794,0001,739,0001,486,0001,347,0001,242,0001,157,0001,033,000914,000850,000754,000684,000657,000634,000705,000636,000669,000697,000750,900708,000768,700762,500851,100827,000894,100943,900936,200919,100953,100960,500953,400953,900929,700804,400763,800638,200666,500630,700645,000636,000681,600633,900663,500679,000628,300596,800564,300524,000463,700368,900350,700348,000348,000309,200363,700370,000381,500406,500450,000448,000509,300528,100
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,165,631,000
3,182,228,000
3,202,096,000
3,223,745,000
3,246,197,000
3,268,883,000
0
3,537,000
3,429,000
44,113,000
45,627,000
46,896,000
50,527,000
55,230,000
108,864,000
144,367,000
3,653,892,000
3,739,880,000
3,851,307,000
3,903,669,000
3,968,242,000
4,050,538,000
4,091,931,000
4,104,728,000
4,114,436,000
4,110,335,000
4,121,125,000
51,872,000
53,116,000
49,896,000
49,896,00053,116,00051,872,0004,121,125,0004,110,335,0004,114,436,0004,104,728,0004,091,931,0004,050,538,0003,968,242,0003,903,669,0003,851,307,0003,739,880,0003,653,892,000144,367,000108,864,00055,230,00050,527,00046,896,00045,627,00044,113,0003,429,0003,537,00003,268,883,0003,246,197,0003,223,745,0003,202,096,0003,182,228,0003,165,631,0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Long-term Assets Other 
-5,821,200
-6,447,500
-7,104,000
-7,642,000
-7,949,800
-7,748,600
-10,238,000
-11,514,800
-10,240,700
-9,152,800
-11,347,000
-11,458,200
-9,157,900
-14,797,300
-15,310,000
-12,277,100
-11,453,200
-19,204,200
-22,075,000
-29,283,400
-30,058,300
-35,173,600
-46,971,000
-46,752,200
-48,971,200
-48,382,600
-57,910,700
-57,280,500
-50,378,800
-54,874,000
-57,559,800
-58,070,300
-60,243,000
-64,306,300
-65,515,300
-68,145,400
-70,587,100
-69,547,000
-59,342,000
-50,767,100
-43,066,700
-37,176,000
-40,459,000
-39,076,100
-48,092,000
-55,640,900
-55,604,300
-44,807,500
-58,893,000
-58,532,000
-75,238,000
-57,104,900
-64,841,000
-52,136,000
-612,671,000
-683,668,000
-609,150,000
-693,586,000
-726,926,000
-714,860,000
-713,680,000
0
0
0
0
0
0
-575,443,000
-417,150,000
-392,253,000
-383,583,000
-361,115,000
-343,522,000
-350,783,000
-378,043,000
-364,212,000
-362,818,000
-381,253,000
-383,336,000
-361,181,000
-195,418,000
-198,854,000
0
-167,421,000
-161,912,000
-162,115,000
-163,054,000
-163,153,000
-160,204,000
-131,016,000
-119,152,000
-103,876,000
-95,725,000
-73,860,000
-68,939,000
-68,923,000
-60,656,000
-62,943,000
-62,158,000
-59,018,000
-59,025,000
-60,016,000
-60,138,000
-56,983,000
-52,347,000
-50,412,000
-48,925,000
-45,405,000
-45,682,000
-42,849,000
-39,522,000
-43,985,000
-46,104,000
-47,438,000
-45,296,000
-44,113,000
-45,627,000
-46,896,000
-50,527,000
-55,230,000
-108,864,000
-144,367,000
-138,239,000
-13,699,000
-13,713,000
-14,389,000
-18,933,000
-86,891,000
-65,576,000
-58,994,000
-50,825,000
-12,615,000
-51,231,000
-51,872,000
-53,116,000
10,905,000
10,905,000-53,116,000-51,872,000-51,231,000-12,615,000-50,825,000-58,994,000-65,576,000-86,891,000-18,933,000-14,389,000-13,713,000-13,699,000-138,239,000-144,367,000-108,864,000-55,230,000-50,527,000-46,896,000-45,627,000-44,113,000-45,296,000-47,438,000-46,104,000-43,985,000-39,522,000-42,849,000-45,682,000-45,405,000-48,925,000-50,412,000-52,347,000-56,983,000-60,138,000-60,016,000-59,025,000-59,018,000-62,158,000-62,943,000-60,656,000-68,923,000-68,939,000-73,860,000-95,725,000-103,876,000-119,152,000-131,016,000-160,204,000-163,153,000-163,054,000-162,115,000-161,912,000-167,421,0000-198,854,000-195,418,000-361,181,000-383,336,000-381,253,000-362,818,000-364,212,000-378,043,000-350,783,000-343,522,000-361,115,000-383,583,000-392,253,000-417,150,000-575,443,000000000-713,680,000-714,860,000-726,926,000-693,586,000-609,150,000-683,668,000-612,671,000-52,136,000-64,841,000-57,104,900-75,238,000-58,532,000-58,893,000-44,807,500-55,604,300-55,640,900-48,092,000-39,076,100-40,459,000-37,176,000-43,066,700-50,767,100-59,342,000-69,547,000-70,587,100-68,145,400-65,515,300-64,306,300-60,243,000-58,070,300-57,559,800-54,874,000-50,378,800-57,280,500-57,910,700-48,382,600-48,971,200-46,752,200-46,971,000-35,173,600-30,058,300-29,283,400-22,075,000-19,204,200-11,453,200-12,277,100-15,310,000-14,797,300-9,157,900-11,458,200-11,347,000-9,152,800-10,240,700-11,514,800-10,238,000-7,748,600-7,949,800-7,642,000-7,104,000-6,447,500-5,821,200
> Total Liabilities 
111,069,700
116,783,900
121,324,000
121,966,400
123,403,900
124,627,700
129,172,000
130,686,600
133,195,300
134,351,600
141,525,000
149,335,400
156,346,100
163,602,000
174,204,000
173,102,100
184,644,000
203,722,500
208,927,000
223,430,700
234,346,000
245,618,900
262,967,000
264,810,100
276,951,500
283,506,800
305,591,200
313,760,100
315,158,800
326,266,900
338,268,500
343,832,100
352,732,700
365,867,200
377,879,700
389,921,900
415,262,600
440,247,200
469,561,000
484,924,000
509,682,200
534,477,000
557,538,000
568,326,400
589,984,000
618,460,000
654,234,000
684,891,000
717,720,000
752,872,000
781,673,000
787,207,000
808,947,000
822,747,000
871,227,000
895,360,000
906,431,000
1,001,647,000
987,196,000
974,463,000
963,220,000
0
0
0
0
0
0
981,956,000
794,745,000
802,294,000
797,907,000
838,429,000
804,233,000
844,528,000
887,180,000
927,561,000
938,567,000
921,984,000
905,235,000
884,422,000
3,302,126,000
3,257,678,000
0
3,224,489,000
3,235,460,000
3,201,199,000
3,221,668,000
3,216,055,000
3,209,672,000
3,192,850,000
3,223,838,000
3,215,198,000
3,267,422,000
3,269,605,000
3,260,517,000
3,218,413,000
3,212,705,000
3,223,917,000
3,244,456,000
3,234,517,000
3,219,241,000
3,226,779,000
3,217,858,000
3,219,582,000
3,230,824,000
3,251,766,000
3,281,897,000
3,300,375,000
3,305,513,000
3,327,111,000
3,349,215,000
3,360,464,000
3,355,905,000
3,394,130,000
3,412,078,000
3,415,673,000
3,436,922,000
3,484,094,000
3,488,711,000
3,587,411,000
3,744,199,000
3,843,910,000
3,960,490,000
4,039,878,000
4,120,693,000
4,167,036,000
4,181,809,000
4,233,271,000
4,232,560,000
4,230,613,000
4,245,011,000
4,253,411,000
4,254,666,000
4,255,655,000
4,247,755,000
4,241,813,000
4,241,813,0004,247,755,0004,255,655,0004,254,666,0004,253,411,0004,245,011,0004,230,613,0004,232,560,0004,233,271,0004,181,809,0004,167,036,0004,120,693,0004,039,878,0003,960,490,0003,843,910,0003,744,199,0003,587,411,0003,488,711,0003,484,094,0003,436,922,0003,415,673,0003,412,078,0003,394,130,0003,355,905,0003,360,464,0003,349,215,0003,327,111,0003,305,513,0003,300,375,0003,281,897,0003,251,766,0003,230,824,0003,219,582,0003,217,858,0003,226,779,0003,219,241,0003,234,517,0003,244,456,0003,223,917,0003,212,705,0003,218,413,0003,260,517,0003,269,605,0003,267,422,0003,215,198,0003,223,838,0003,192,850,0003,209,672,0003,216,055,0003,221,668,0003,201,199,0003,235,460,0003,224,489,00003,257,678,0003,302,126,000884,422,000905,235,000921,984,000938,567,000927,561,000887,180,000844,528,000804,233,000838,429,000797,907,000802,294,000794,745,000981,956,000000000963,220,000974,463,000987,196,0001,001,647,000906,431,000895,360,000871,227,000822,747,000808,947,000787,207,000781,673,000752,872,000717,720,000684,891,000654,234,000618,460,000589,984,000568,326,400557,538,000534,477,000509,682,200484,924,000469,561,000440,247,200415,262,600389,921,900377,879,700365,867,200352,732,700343,832,100338,268,500326,266,900315,158,800313,760,100305,591,200283,506,800276,951,500264,810,100262,967,000245,618,900234,346,000223,430,700208,927,000203,722,500184,644,000173,102,100174,204,000163,602,000156,346,100149,335,400141,525,000134,351,600133,195,300130,686,600129,172,000124,627,700123,403,900121,966,400121,324,000116,783,900111,069,700
   > Total Current Liabilities 
37,896,900
37,862,400
38,770,000
38,555,300
38,275,900
37,916,700
40,871,000
39,141,800
39,487,600
37,069,600
37,122,000
42,578,900
47,938,000
50,405,600
58,952,000
53,263,800
59,230,900
73,273,500
74,871,000
86,909,400
93,753,700
99,563,800
115,740,000
114,494,000
129,867,900
131,370,200
149,970,200
148,607,400
146,102,600
155,977,600
164,135,800
163,645,400
172,152,400
177,966,500
180,011,400
173,802,900
180,176,500
194,772,600
210,675,000
196,236,200
198,925,300
221,802,800
233,366,000
236,010,600
246,921,000
258,547,000
288,558,000
331,990,000
337,225,000
349,068,000
352,021,000
349,260,000
368,025,000
355,034,000
849,391,000
404,158,000
430,894,000
505,453,000
493,477,000
480,157,000
433,794,000
0
0
0
0
0
0
326,492,000
179,802,000
173,657,000
166,083,000
241,672,000
222,538,000
246,532,000
286,646,000
336,938,000
280,392,000
264,896,000
245,827,000
205,417,000
229,729,000
276,526,000
0
171,007,000
3,222,604,000
13,289,000
757,731,000
164,373,000
127,789,000
108,672,000
120,600,000
11,303,000
10,613,000
10,769,000
10,553,000
10,681,000
10,203,000
10,492,000
10,232,000
10,324,000
10,011,000
10,016,000
81,744,000
9,909,000
9,548,000
9,512,000
45,010,000
9,588,000
9,473,000
9,637,000
43,438,000
9,773,000
9,825,000
10,105,000
35,107,000
33,435,000
33,243,000
46,212,000
36,890,000
68,583,000
52,304,000
33,508,000
21,892,000
12,442,000
11,654,000
17,344,000
11,981,000
13,315,000
16,945,000
12,639,000
20,121,000
24,149,000
26,041,000
25,003,000
28,245,000
11,121,000
11,121,00028,245,00025,003,00026,041,00024,149,00020,121,00012,639,00016,945,00013,315,00011,981,00017,344,00011,654,00012,442,00021,892,00033,508,00052,304,00068,583,00036,890,00046,212,00033,243,00033,435,00035,107,00010,105,0009,825,0009,773,00043,438,0009,637,0009,473,0009,588,00045,010,0009,512,0009,548,0009,909,00081,744,00010,016,00010,011,00010,324,00010,232,00010,492,00010,203,00010,681,00010,553,00010,769,00010,613,00011,303,000120,600,000108,672,000127,789,000164,373,000757,731,00013,289,0003,222,604,000171,007,0000276,526,000229,729,000205,417,000245,827,000264,896,000280,392,000336,938,000286,646,000246,532,000222,538,000241,672,000166,083,000173,657,000179,802,000326,492,000000000433,794,000480,157,000493,477,000505,453,000430,894,000404,158,000849,391,000355,034,000368,025,000349,260,000352,021,000349,068,000337,225,000331,990,000288,558,000258,547,000246,921,000236,010,600233,366,000221,802,800198,925,300196,236,200210,675,000194,772,600180,176,500173,802,900180,011,400177,966,500172,152,400163,645,400164,135,800155,977,600146,102,600148,607,400149,970,200131,370,200129,867,900114,494,000115,740,00099,563,80093,753,70086,909,40074,871,00073,273,50059,230,90053,263,80058,952,00050,405,60047,938,00042,578,90037,122,00037,069,60039,487,60039,141,80040,871,00037,916,70038,275,90038,555,30038,770,00037,862,40037,896,900
       Short-term Debt 
35,581,400
35,445,900
36,346,000
36,174,300
35,876,500
35,428,100
38,453,000
36,702,500
37,070,900
34,559,100
34,608,000
39,943,600
45,374,600
47,736,700
56,404,000
50,615,900
56,386,300
70,295,300
71,950,000
83,835,100
90,802,100
96,349,700
112,602,000
111,178,100
126,429,000
127,658,400
146,153,000
144,563,700
141,832,800
151,549,100
159,900,000
159,070,900
167,682,100
173,344,400
175,400,000
168,919,100
174,941,900
189,228,300
205,413,000
190,275,400
192,832,800
215,228,200
226,582,000
228,975,100
239,281,000
251,038,000
280,322,000
324,421,000
329,159,000
340,439,000
343,492,000
339,793,000
358,814,000
345,786,000
841,012,000
395,531,000
422,274,000
496,314,000
483,193,000
471,252,000
424,372,000
0
0
0
0
0
0
320,280,000
173,186,000
165,810,000
158,410,000
234,160,000
215,916,000
240,223,000
280,382,000
330,991,000
274,682,000
259,781,000
240,795,000
200,437,000
214,165,000
262,053,000
0
157,243,000
3,208,776,000
0
744,803,000
151,725,000
115,347,000
96,814,000
108,868,000
0
0
0
0
0
0
0
106,572,000
0
0
0
71,950,000
0
0
0
35,579,000
3,282,557,000
3,288,087,000
3,308,920,000
33,756,000
0
0
0
24,896,000
23,071,000
22,901,000
35,812,000
26,662,000
58,337,000
42,250,000
23,526,000
12,173,000
2,857,000
2,280,000
8,045,000
2,795,000
4,045,000
7,590,000
2,989,000
10,204,000
13,967,000
15,628,000
14,245,000
17,314,000
14,285,000
14,285,00017,314,00014,245,00015,628,00013,967,00010,204,0002,989,0007,590,0004,045,0002,795,0008,045,0002,280,0002,857,00012,173,00023,526,00042,250,00058,337,00026,662,00035,812,00022,901,00023,071,00024,896,00000033,756,0003,308,920,0003,288,087,0003,282,557,00035,579,00000071,950,000000106,572,0000000000108,868,00096,814,000115,347,000151,725,000744,803,00003,208,776,000157,243,0000262,053,000214,165,000200,437,000240,795,000259,781,000274,682,000330,991,000280,382,000240,223,000215,916,000234,160,000158,410,000165,810,000173,186,000320,280,000000000424,372,000471,252,000483,193,000496,314,000422,274,000395,531,000841,012,000345,786,000358,814,000339,793,000343,492,000340,439,000329,159,000324,421,000280,322,000251,038,000239,281,000228,975,100226,582,000215,228,200192,832,800190,275,400205,413,000189,228,300174,941,900168,919,100175,400,000173,344,400167,682,100159,070,900159,900,000151,549,100141,832,800144,563,700146,153,000127,658,400126,429,000111,178,100112,602,00096,349,70090,802,10083,835,10071,950,00070,295,30056,386,30050,615,90056,404,00047,736,70045,374,60039,943,60034,608,00034,559,10037,070,90036,702,50038,453,00035,428,10035,876,50036,174,30036,346,00035,445,90035,581,400
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,282,557,000
3,288,087,000
3,308,920,000
3,330,382,000
0
0
0
61,622,000
5,502,000
5,641,000
5,783,000
46,949,000
0
0
0
12,173,000
2,857,000
2,280,000
8,045,000
2,795,000
4,045,000
7,590,000
2,989,000
10,204,000
13,967,000
15,628,000
14,245,000
17,314,000
14,285,000
14,285,00017,314,00014,245,00015,628,00013,967,00010,204,0002,989,0007,590,0004,045,0002,795,0008,045,0002,280,0002,857,00012,173,00000046,949,0005,783,0005,641,0005,502,00061,622,0000003,330,382,0003,308,920,0003,288,087,0003,282,557,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
2,315,500
2,416,500
2,424,000
2,381,000
2,399,400
2,488,600
2,418,000
2,439,300
2,416,700
2,510,500
2,514,000
2,635,300
2,563,400
2,668,900
2,548,000
2,647,900
2,844,600
2,978,200
2,921,000
3,074,300
2,951,600
3,214,100
3,138,000
3,315,900
3,438,900
3,711,800
3,817,200
4,043,700
4,269,800
4,428,500
4,235,800
4,574,500
4,470,300
4,622,100
4,611,400
4,883,800
5,234,600
5,544,300
5,262,000
5,960,800
6,092,500
6,574,600
6,784,000
7,035,500
7,640,000
7,509,000
8,236,000
7,569,000
8,066,000
8,629,000
8,529,000
9,467,000
9,211,000
9,248,000
8,379,000
8,627,000
8,620,000
9,139,000
10,284,000
8,905,000
9,422,000
0
0
0
0
0
0
6,212,000
6,616,000
7,847,000
7,673,000
7,512,000
6,622,000
6,309,000
6,264,000
5,947,000
5,710,000
5,115,000
5,032,000
4,980,000
15,564,000
14,473,000
0
13,764,000
13,828,000
13,289,000
12,928,000
12,648,000
12,442,000
11,858,000
11,732,000
11,303,000
10,613,000
10,769,000
10,553,000
10,681,000
10,203,000
10,492,000
10,232,000
10,324,000
10,011,000
10,016,000
9,794,000
9,909,000
9,548,000
9,512,000
9,431,000
9,588,000
9,473,000
9,637,000
9,682,000
9,773,000
9,825,000
10,105,000
10,211,000
10,364,000
10,342,000
10,400,000
10,228,000
10,246,000
10,054,000
9,982,000
9,719,000
9,585,000
9,374,000
9,299,000
9,186,000
9,270,000
9,355,000
9,650,000
9,917,000
10,182,000
10,413,000
10,758,000
10,931,000
11,121,000
11,121,00010,931,00010,758,00010,413,00010,182,0009,917,0009,650,0009,355,0009,270,0009,186,0009,299,0009,374,0009,585,0009,719,0009,982,00010,054,00010,246,00010,228,00010,400,00010,342,00010,364,00010,211,00010,105,0009,825,0009,773,0009,682,0009,637,0009,473,0009,588,0009,431,0009,512,0009,548,0009,909,0009,794,00010,016,00010,011,00010,324,00010,232,00010,492,00010,203,00010,681,00010,553,00010,769,00010,613,00011,303,00011,732,00011,858,00012,442,00012,648,00012,928,00013,289,00013,828,00013,764,000014,473,00015,564,0004,980,0005,032,0005,115,0005,710,0005,947,0006,264,0006,309,0006,622,0007,512,0007,673,0007,847,0006,616,0006,212,0000000009,422,0008,905,00010,284,0009,139,0008,620,0008,627,0008,379,0009,248,0009,211,0009,467,0008,529,0008,629,0008,066,0007,569,0008,236,0007,509,0007,640,0007,035,5006,784,0006,574,6006,092,5005,960,8005,262,0005,544,3005,234,6004,883,8004,611,4004,622,1004,470,3004,574,5004,235,8004,428,5004,269,8004,043,7003,817,2003,711,8003,438,9003,315,9003,138,0003,214,1002,951,6003,074,3002,921,0002,978,2002,844,6002,647,9002,548,0002,668,9002,563,4002,635,3002,514,0002,510,5002,416,7002,439,3002,418,0002,488,6002,399,4002,381,0002,424,0002,416,5002,315,500
   > Long-term Liabilities 
70,726,800
76,061,200
79,718,000
80,640,300
82,087,400
83,398,100
84,950,000
88,182,900
89,535,400
92,901,000
99,329,000
101,371,100
103,638,400
108,995,700
109,896,000
115,202,100
120,140,300
125,490,800
129,162,000
132,594,600
137,094,800
142,970,200
144,628,000
147,474,600
144,507,600
149,534,100
153,021,400
162,251,000
166,552,400
167,603,900
171,370,300
177,103,300
177,779,500
184,658,800
194,373,800
212,173,800
231,220,400
241,353,600
254,878,000
285,142,500
307,064,100
309,651,300
321,037,000
328,567,800
339,246,000
356,001,000
362,360,000
342,171,000
373,175,000
386,553,000
419,975,000
429,982,000
430,095,000
454,469,000
9,970,000
478,389,000
461,807,000
479,420,000
478,539,000
474,091,000
515,296,000
0
0
0
0
0
0
632,831,000
590,824,000
601,236,000
606,534,000
562,139,000
544,424,000
559,279,000
550,928,000
539,402,000
590,992,000
585,687,000
562,195,000
574,117,000
3,049,326,000
2,963,976,000
0
3,039,757,000
3,208,776,000
3,174,845,000
2,446,973,000
3,038,147,000
3,068,860,000
3,067,074,000
3,087,842,000
3,189,517,000
3,240,535,000
3,240,121,000
3,234,523,000
3,194,695,000
3,189,545,000
3,201,480,000
3,222,155,000
3,212,631,000
3,198,569,000
3,206,245,000
3,197,671,000
3,199,770,000
3,211,904,000
3,233,113,000
3,262,316,000
3,281,654,000
3,287,667,000
3,308,583,000
3,330,054,000
3,340,472,000
3,337,489,000
3,374,370,000
3,391,920,000
3,395,010,000
3,416,579,000
3,461,858,000
3,467,386,000
3,562,556,000
3,719,975,000
3,819,804,000
3,935,736,000
4,011,123,000
4,093,995,000
4,134,424,000
4,155,396,000
13,315,000
16,945,000
12,639,000
20,121,000
24,149,000
4,216,722,000
4,217,517,000
4,205,404,000
4,230,692,000
4,230,692,0004,205,404,0004,217,517,0004,216,722,00024,149,00020,121,00012,639,00016,945,00013,315,0004,155,396,0004,134,424,0004,093,995,0004,011,123,0003,935,736,0003,819,804,0003,719,975,0003,562,556,0003,467,386,0003,461,858,0003,416,579,0003,395,010,0003,391,920,0003,374,370,0003,337,489,0003,340,472,0003,330,054,0003,308,583,0003,287,667,0003,281,654,0003,262,316,0003,233,113,0003,211,904,0003,199,770,0003,197,671,0003,206,245,0003,198,569,0003,212,631,0003,222,155,0003,201,480,0003,189,545,0003,194,695,0003,234,523,0003,240,121,0003,240,535,0003,189,517,0003,087,842,0003,067,074,0003,068,860,0003,038,147,0002,446,973,0003,174,845,0003,208,776,0003,039,757,00002,963,976,0003,049,326,000574,117,000562,195,000585,687,000590,992,000539,402,000550,928,000559,279,000544,424,000562,139,000606,534,000601,236,000590,824,000632,831,000000000515,296,000474,091,000478,539,000479,420,000461,807,000478,389,0009,970,000454,469,000430,095,000429,982,000419,975,000386,553,000373,175,000342,171,000362,360,000356,001,000339,246,000328,567,800321,037,000309,651,300307,064,100285,142,500254,878,000241,353,600231,220,400212,173,800194,373,800184,658,800177,779,500177,103,300171,370,300167,603,900166,552,400162,251,000153,021,400149,534,100144,507,600147,474,600144,628,000142,970,200137,094,800132,594,600129,162,000125,490,800120,140,300115,202,100109,896,000108,995,700103,638,400101,371,10099,329,00092,901,00089,535,40088,182,90084,950,00083,398,10082,087,40080,640,30079,718,00076,061,20070,726,800
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,150,000
9,133,000
8,373,000
8,891,000
9,479,000
10,219,000
0
9,379,000
9,170,000
9,506,000
9,202,000
11,241,000
10,662,000
14,609,000
12,790,000
13,159,000
13,540,000
14,207,000
14,526,000
14,646,000
14,432,000
14,000,000
14,558,000
13,149,000
13,038,000
0
11,903,000
13,059,000
0
0
0013,059,00011,903,000013,038,00013,149,00014,558,00014,000,00014,432,00014,646,00014,526,00014,207,00013,540,00013,159,00012,790,00014,609,00010,662,00011,241,0009,202,0009,506,0009,170,0009,379,000010,219,0009,479,0008,891,0008,373,0009,133,00010,150,0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
2,594,400
2,749,200
2,991,000
3,259,100
3,508,800
3,726,800
3,941,000
4,724,200
4,985,600
5,267,400
5,547,000
5,829,600
6,132,200
6,453,200
6,774,000
7,157,800
7,398,600
7,719,100
8,052,000
8,477,000
8,826,500
9,186,400
9,541,000
9,906,500
10,322,600
10,722,900
10,958,600
11,378,600
11,751,200
12,267,200
12,772,900
13,177,700
13,264,300
13,357,800
13,793,000
14,070,800
14,185,500
14,852,100
15,453,000
16,134,300
16,580,600
17,054,800
17,629,000
18,371,500
18,791,000
19,687,000
20,838,000
16,086,000
19,431,000
13,778,000
18,118,000
20,754,000
17,730,000
14,964,000
16,288,000
17,904,000
17,364,000
17,524,000
22,373,000
20,805,000
26,121,000
0
0
0
0
0
0
38,902,000
39,302,000
41,506,000
41,431,000
44,011,000
38,836,000
41,226,000
9,276,000
-15,314,000
-19,066,000
-10,710,000
-15,065,000
-15,372,000
-8,451,000
-1,482,000
0
-2,599,000
-8,499,000
-5,168,000
-7,853,000
-4,624,000
210,000
2,720,000
2,359,000
7,183,000
13,208,000
11,568,000
9,541,000
8,042,000
6,062,000
6,349,000
3,680,000
3,555,000
6,118,000
3,972,000
4,030,000
2,107,000
4,057,000
4,176,000
6,071,000
3,379,000
3,717,000
3,648,000
-3,686,000
3,938,000
7,459,000
6,975,000
6,240,000
5,361,000
6,365,000
10,342,000
14,608,000
13,945,000
16,477,000
20,693,000
25,259,000
30,225,000
37,345,000
42,173,000
47,357,000
51,758,000
56,407,000
58,840,000
60,277,000
64,049,000
69,044,000
73,725,000
77,682,000
82,006,000
82,006,00077,682,00073,725,00069,044,00064,049,00060,277,00058,840,00056,407,00051,758,00047,357,00042,173,00037,345,00030,225,00025,259,00020,693,00016,477,00013,945,00014,608,00010,342,0006,365,0005,361,0006,240,0006,975,0007,459,0003,938,000-3,686,0003,648,0003,717,0003,379,0006,071,0004,176,0004,057,0002,107,0004,030,0003,972,0006,118,0003,555,0003,680,0006,349,0006,062,0008,042,0009,541,00011,568,00013,208,0007,183,0002,359,0002,720,000210,000-4,624,000-7,853,000-5,168,000-8,499,000-2,599,0000-1,482,000-8,451,000-15,372,000-15,065,000-10,710,000-19,066,000-15,314,0009,276,00041,226,00038,836,00044,011,00041,431,00041,506,00039,302,00038,902,00000000026,121,00020,805,00022,373,00017,524,00017,364,00017,904,00016,288,00014,964,00017,730,00020,754,00018,118,00013,778,00019,431,00016,086,00020,838,00019,687,00018,791,00018,371,50017,629,00017,054,80016,580,60016,134,30015,453,00014,852,10014,185,50014,070,80013,793,00013,357,80013,264,30013,177,70012,772,90012,267,20011,751,20011,378,60010,958,60010,722,90010,322,6009,906,5009,541,0009,186,4008,826,5008,477,0008,052,0007,719,1007,398,6007,157,8006,774,0006,453,2006,132,2005,829,6005,547,0005,267,4004,985,6004,724,2003,941,0003,726,8003,508,8003,259,1002,991,0002,749,2002,594,400
   Common Stock
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
592,800
592,800
593,000
592,800
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
593,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
687,000
0
0
0
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000
687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000687,000000687,00000000000000000000000000000593,000593,000593,000593,000593,000593,000593,000593,000593,000593,000593,000593,000593,000593,000593,000593,000593,000592,800593,000592,800592,8000000000000000000000000000000000000000000
   Retained Earnings 
1,380,800
1,533,900
1,771,000
2,014,100
2,260,400
2,516,500
2,772,000
3,033,800
3,294,400
3,574,200
3,853,000
4,152,900
4,462,100
4,782,200
5,099,000
5,433,400
5,766,100
6,117,800
6,470,000
6,808,100
7,167,400
7,545,000
7,933,000
8,308,700
8,711,600
9,123,000
9,347,600
9,789,700
10,241,300
10,718,300
11,214,200
11,705,600
12,222,700
12,764,900
13,325,200
13,886,000
14,471,200
15,064,600
15,689,000
16,318,400
16,979,400
17,674,100
18,417,000
19,175,300
19,958,000
20,769,000
21,619,000
22,579,000
23,647,000
24,541,000
26,175,000
27,022,000
28,133,000
28,779,000
29,385,000
30,909,000
31,595,000
33,781,000
35,496,000
36,845,000
37,414,000
0
0
0
0
0
0
30,705,000
35,555,000
37,955,000
38,401,000
33,548,000
30,844,000
27,898,000
-1,563,000
-26,790,000
-49,957,000
-56,191,000
-75,063,000
-90,237,000
-95,061,000
-97,544,000
0
-102,986,000
-111,669,000
-115,784,000
-123,359,000
-128,381,000
-128,482,000
-126,300,000
-127,407,000
-122,766,000
-117,561,000
-119,067,000
-121,227,000
-123,098,000
-125,123,000
-124,931,000
-127,618,000
-127,651,000
-124,807,000
-127,206,000
-126,942,000
-128,665,000
-126,638,000
-126,312,000
-124,253,000
-126,952,000
-126,531,000
-126,625,000
-133,805,000
-129,662,000
-126,143,000
-126,591,000
-127,335,000
-128,175,000
-127,104,000
-123,141,000
-118,776,000
-119,454,000
-116,909,000
-112,680,000
-108,110,000
-103,117,000
-95,965,000
-91,123,000
-85,934,000
-81,526,000
-76,873,000
-74,437,000
-73,011,000
-69,239,000
-64,245,000
-59,546,000
-55,603,000
-51,283,000
-51,283,000-55,603,000-59,546,000-64,245,000-69,239,000-73,011,000-74,437,000-76,873,000-81,526,000-85,934,000-91,123,000-95,965,000-103,117,000-108,110,000-112,680,000-116,909,000-119,454,000-118,776,000-123,141,000-127,104,000-128,175,000-127,335,000-126,591,000-126,143,000-129,662,000-133,805,000-126,625,000-126,531,000-126,952,000-124,253,000-126,312,000-126,638,000-128,665,000-126,942,000-127,206,000-124,807,000-127,651,000-127,618,000-124,931,000-125,123,000-123,098,000-121,227,000-119,067,000-117,561,000-122,766,000-127,407,000-126,300,000-128,482,000-128,381,000-123,359,000-115,784,000-111,669,000-102,986,0000-97,544,000-95,061,000-90,237,000-75,063,000-56,191,000-49,957,000-26,790,000-1,563,00027,898,00030,844,00033,548,00038,401,00037,955,00035,555,00030,705,00000000037,414,00036,845,00035,496,00033,781,00031,595,00030,909,00029,385,00028,779,00028,133,00027,022,00026,175,00024,541,00023,647,00022,579,00021,619,00020,769,00019,958,00019,175,30018,417,00017,674,10016,979,40016,318,40015,689,00015,064,60014,471,20013,886,00013,325,20012,764,90012,222,70011,705,60011,214,20010,718,30010,241,3009,789,7009,347,6009,123,0008,711,6008,308,7007,933,0007,545,0007,167,4006,808,1006,470,0006,117,8005,766,1005,433,4005,099,0004,782,2004,462,1004,152,9003,853,0003,574,2003,294,4003,033,8002,772,0002,516,5002,260,4002,014,1001,771,0001,533,9001,380,800
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
1,213,600
1,215,300
1,220,000
1,245,000
1,248,400
1,210,300
1,169,000
1,690,400
1,691,200
1,693,200
1,694,000
1,676,700
1,670,100
1,671,000
1,675,000
1,724,400
1,632,500
1,601,300
1,582,000
1,668,900
1,659,100
1,641,400
1,608,000
1,597,800
1,611,000
1,599,900
1,611,000
1,213,900
759,900
548,900
558,700
472,100
41,600
-407,100
-532,200
-815,200
-1,285,700
-1,362,500
-1,386,000
-1,334,100
-2,182,500
-2,345,300
-2,435,000
-3,120,700
-3,497,000
-3,769,000
-3,662,000
-3,592,000
-3,564,000
-3,659,000
-3,888,000
-4,042,000
-4,272,000
-4,565,000
-4,576,000
-5,064,000
-5,396,000
-5,730,000
-5,792,000
-5,845,000
-6,000,000
0
0
0
0
0
0
-5,298,000
-5,230,000
-5,112,000
-5,099,000
-5,088,000
-5,080,000
-2,659,000
-3,517,000
-3,073,000
-2,520,000
-2,776,000
-3,620,000
-4,651,000
-6,127,000
-6,734,000
0
-6,735,000
-6,733,000
-6,715,000
-6,715,000
-7,403,000
-6,714,000
-6,714,000
-6,714,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,401,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000
-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,400,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-7,401,000-6,714,000-6,714,000-6,714,000-7,403,000-6,715,000-6,715,000-6,733,000-6,735,0000-6,734,000-6,127,000-4,651,000-3,620,000-2,776,000-2,520,000-3,073,000-3,517,000-2,659,000-5,080,000-5,088,000-5,099,000-5,112,000-5,230,000-5,298,000000000-6,000,000-5,845,000-5,792,000-5,730,000-5,396,000-5,064,000-4,576,000-4,565,000-4,272,000-4,042,000-3,888,000-3,659,000-3,564,000-3,592,000-3,662,000-3,769,000-3,497,000-3,120,700-2,435,000-2,345,300-2,182,500-1,334,100-1,386,000-1,362,500-1,285,700-815,200-532,200-407,10041,600472,100558,700548,900759,9001,213,9001,611,0001,599,9001,611,0001,597,8001,608,0001,641,4001,659,1001,668,9001,582,0001,601,3001,632,5001,724,4001,675,0001,671,0001,670,1001,676,7001,694,0001,693,2001,691,2001,690,4001,169,0001,210,3001,248,4001,245,0001,220,0001,215,3001,213,600



Balance Sheet

Currency in USD. All numbers in thousands.