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Fairfax Financial Holdings Limited
Buy, Hold or Sell?

Let's analyse Fairfax together

PenkeI guess you are interested in Fairfax Financial Holdings Limited. 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 Fairfax Financial Holdings Limited. 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 Fairfax (30 sec.)










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

How much money do you get?

How much money do you get?
$10.27
When do you have the money?
1 year
How often do you get paid?
97.5%

What is your share worth?

Current worth
$1,006.76
Expected worth in 1 year
$1,270.63
How sure are you?
62.5%

+ What do you gain per year?

Total Gains per Share
$274.14
Return On Investment
2,145.1%

For what price can you sell your share?

Current Price per Share
$12.78
Expected price per share
$12.78 - $
How sure are you?
50%

1. Valuation of Fairfax (5 min.)




Live pricePrice per Share (EOD)

$12.78

2. Growth of Fairfax (5 min.)




Is Fairfax growing?

Current yearPrevious yearGrowGrow %
How rich?$27.5b$19.9b$5.4b21.5%

How much money is Fairfax making?

Current yearPrevious yearGrowGrow %
Making money$1.2b$286.8m$995.7m77.6%
Net Profit Margin17.5%2.0%--

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

3. Financial Health of Fairfax (5 min.)




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

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

What can you expect buying and holding a share of Fairfax?

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

Speculation

The Price per Share of Fairfax is $12.78. 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 Fairfax.
  • 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 Fairfax, 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 $1,006.76. Based on the TTM, the Book Value Change Per Share is $65.97 per quarter. Based on the YOY, the Book Value Change Per Share is $-8.95 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 $2.57 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Fairfax.

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 Eps75.87593.7%42.14329.8%10.0678.7%20.11157.4%11.5290.2%
Usd Book Value Change Per Share71.66560.7%65.97516.2%-8.95-70.0%18.62145.7%17.44136.5%
Usd Dividend Per Share0.000.0%2.5720.1%2.7021.1%2.2217.3%2.0215.8%
Usd Total Gains Per Share71.66560.7%68.54536.3%-6.25-48.9%20.84163.0%19.46152.3%
Usd Price Per Share12.30-11.53-13.00-10.14-10.47-
Price to Earnings Ratio0.04-0.08--0.05-0.15-2.82-
Price-to-Total Gains Ratio0.17-0.27-3.21-0.74-0.45-
Price to Book Ratio0.01-0.01-0.02-0.02-0.16-
Price-to-Total Gains Ratio0.17-0.27-3.21-0.74-0.45-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share12.78
Number of shares78
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share2.572.22
Usd Book Value Change Per Share65.9718.62
Usd Total Gains Per Share68.5420.84
Gains per Quarter (78 shares)5,345.831,625.26
Gains per Year (78 shares)21,383.306,501.02
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1801205822137369258096491
21602411654275613831161912992
32403617476413920751742819493
43204823298552227672323725994
5400510291110690534582904732495
6480612349412828841503485638996
7560714407614967148424066545497
8640816465817105455334647551998
9720918524019243762255228458499
10801020582321382069175809365000

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 Share4.00.00.0100.0%10.02.00.083.3%17.03.00.085.0%33.07.00.082.5%99.024.00.080.5%
Book Value Change Per Share4.00.00.0100.0%8.04.00.066.7%12.08.00.060.0%24.016.00.060.0%79.044.00.064.2%
Dividend per Share3.00.01.075.0%11.00.01.091.7%19.00.01.095.0%39.00.01.097.5%95.00.028.077.2%
Total Gains per Share4.00.00.0100.0%9.03.00.075.0%13.07.00.065.0%25.015.00.062.5%81.042.00.065.9%

Fundamentals of Fairfax

About Fairfax Financial Holdings Limited

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments. It insures against losses to property from fire, explosion, earthquake, windstorm, flood, terrorism, boiler explosion, machinery breakdown, and construction defects, as well as underwrites automobile, commercial and personal property, and crop insurance. The company also offers workers' compensation, employer's liability, accident and health, medical malpractice, professional liability, and umbrella coverage insurance products; marine, aerospace, surety risk, and other risks and liabilities insurance products; and reinsurance products. In addition, it franchises, owns, and operates restaurants; retails sporting goods and sports apparel, golf equipment, apparel, and accessories; provides integrated travel and travel-related financial services, as well as advanced digital tools for agriculture; owns and operates holiday resorts; originates, processes, and distributes value-added pulses and staple foods; develops, manages, and invests in hospitality real estate. The company was formerly known as Markel Financial Holdings Limited and changed its name to Fairfax Financial Holdings Limited in 1987. Fairfax Financial Holdings Limited was incorporated in 1951 and is headquartered in Toronto, Canada.

Fundamental data was last updated by Penke on 2024-03-07 10:20:08.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is 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 cheap.
Based on the earnings, the company is cheap.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Fairfax Financial Holdings Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Fairfax earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Fairfax to the Insurance - Property & Casualty industry mean.
  • A Net Profit Margin of 22.7% means that $0.23 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Fairfax Financial Holdings Limited:

  • The MRQ is 22.7%. The company is making a huge profit. +2
  • The TTM is 17.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ22.7%TTM17.5%+5.2%
TTM17.5%YOY2.0%+15.4%
TTM17.5%5Y7.7%+9.8%
5Y7.7%10Y6.3%+1.4%
1.1.2. Return on Assets

Shows how efficient Fairfax is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Fairfax to the Insurance - Property & Casualty industry mean.
  • 2.6% Return on Assets means that Fairfax generated $0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Fairfax Financial Holdings Limited:

  • The MRQ is 2.6%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.6%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ2.6%TTM1.6%+1.0%
TTM1.6%YOY0.3%+1.3%
TTM1.6%5Y0.7%+0.8%
5Y0.7%10Y0.6%+0.2%
1.1.3. Return on Equity

Shows how efficient Fairfax is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Fairfax to the Insurance - Property & Casualty industry mean.
  • 9.1% Return on Equity means Fairfax generated $0.09 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Fairfax Financial Holdings Limited:

  • The MRQ is 9.1%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 6.0%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ9.1%TTM6.0%+3.1%
TTM6.0%YOY1.6%+4.4%
TTM6.0%5Y3.4%+2.6%
5Y3.4%10Y2.5%+0.8%

1.2. Operating Efficiency of Fairfax Financial Holdings Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Fairfax is operating .

  • Measures how much profit Fairfax 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 Fairfax to the Insurance - Property & Casualty industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Fairfax Financial Holdings Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM12.1%-12.1%
TTM12.1%YOY-10.9%+23.0%
TTM12.1%5Y-9.4%+21.5%
5Y-9.4%10Y-12.8%+3.4%
1.2.2. Operating Ratio

Measures how efficient Fairfax is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Insurance - Property & Casualty industry mean).
  • An Operation Ratio of -0.08 means that the operating costs are $-0.08 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Fairfax Financial Holdings Limited:

  • The MRQ is -0.085.
  • The TTM is -0.624.
Trends
Current periodCompared to+/- 
MRQ-0.085TTM-0.624+0.539
TTM-0.624YOY-1.187+0.563
TTM-0.6245Y0.174-0.798
5Y0.17410Y0.412-0.239

1.3. Liquidity of Fairfax Financial Holdings Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Fairfax is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Insurance - Property & Casualty industry mean).
  • A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Fairfax Financial Holdings Limited:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM1.237-1.237
TTM1.237YOY3.229-1.992
TTM1.2375Y3.256-2.019
5Y3.25610Y4.418-1.162
1.3.2. Quick Ratio

Measures if Fairfax is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Fairfax to the Insurance - Property & Casualty industry mean.
  • A Quick Ratio of 0.00 means the company can pay off $0.00 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Fairfax Financial Holdings Limited:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM1.369-1.369
TTM1.369YOY3.365-1.996
TTM1.3695Y3.541-2.172
5Y3.54110Y4.818-1.277

1.4. Solvency of Fairfax Financial Holdings Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Fairfax assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Fairfax to Insurance - Property & Casualty industry mean.
  • A Debt to Asset Ratio of 0.66 means that Fairfax assets are financed with 65.8% credit (debt) and the remaining percentage (100% - 65.8%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Fairfax Financial Holdings Limited:

  • The MRQ is 0.658. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.690. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.658TTM0.690-0.032
TTM0.690YOY0.777-0.087
TTM0.6905Y0.747-0.057
5Y0.74710Y0.735+0.012
1.4.2. Debt to Equity Ratio

Measures if Fairfax is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Fairfax to the Insurance - Property & Casualty industry mean.
  • A Debt to Equity ratio of 232.7% means that company has $2.33 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Fairfax Financial Holdings Limited:

  • The MRQ is 2.327. The company is just not able to pay all its debts with equity.
  • The TTM is 2.673. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.327TTM2.673-0.346
TTM2.673YOY4.435-1.762
TTM2.6735Y3.813-1.141
5Y3.81310Y3.462+0.351

2. Market Valuation of Fairfax Financial Holdings Limited

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 Fairfax generates.

  • Above 15 is considered overpriced but always compare Fairfax to the Insurance - Property & Casualty industry mean.
  • A PE ratio of 0.04 means the investor is paying $0.04 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Fairfax Financial Holdings Limited:

  • The EOD is 0.042. Based on the earnings, the company is cheap. +2
  • The MRQ is 0.041. Based on the earnings, the company is cheap. +2
  • The TTM is 0.081. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.042MRQ0.041+0.002
MRQ0.041TTM0.081-0.041
TTM0.081YOY-0.055+0.136
TTM0.0815Y0.152-0.071
5Y0.15210Y2.818-2.666
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Fairfax Financial Holdings Limited:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM0.053-0.053
TTM0.053YOY-0.010+0.063
TTM0.0535Y0.040+0.012
5Y0.04010Y-1.764+1.805
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Insurance - Property & Casualty industry mean).
  • A PB ratio of 0.01 means the investor is paying $0.01 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Fairfax Financial Holdings Limited:

  • The EOD is 0.013. Based on the equity, the company is cheap. +2
  • The MRQ is 0.012. Based on the equity, the company is cheap. +2
  • The TTM is 0.012. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.013MRQ0.012+0.000
MRQ0.012TTM0.0120.000
TTM0.012YOY0.018-0.005
TTM0.0125Y0.017-0.005
5Y0.01710Y0.158-0.141
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Fairfax Financial Holdings Limited 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--71.66165.969+9%-8.945+112%18.620+285%17.442+311%
Book Value Per Share--1006.757929.745+8%729.439+38%643.835+56%506.052+99%
Current Ratio---1.237-100%3.229-100%3.256-100%4.418-100%
Debt To Asset Ratio--0.6580.690-5%0.777-15%0.747-12%0.735-10%
Debt To Equity Ratio--2.3272.673-13%4.435-48%3.813-39%3.462-33%
Dividend Per Share---2.567-100%2.695-100%2.217-100%2.022-100%
Eps--75.87342.144+80%10.064+654%20.114+277%11.523+558%
Gross Profit Margin--1.0001.0000%1.0000%0.968+3%0.972+3%
Market Cap349842276.000+4%336595900.620315705279.890+7%355903608.235-5%331233365.415+2%1785704854.365-81%
Net Profit Margin--0.2270.175+30%0.020+1008%0.077+195%0.063+259%
Operating Margin---0.121-100%-0.1090%-0.0940%-0.1280%
Operating Ratio---0.085-0.624+635%-1.187+1299%0.174-149%0.412-121%
Pb Ratio0.013+4%0.0120.012-2%0.018-32%0.017-29%0.158-92%
Pe Ratio0.042+4%0.0410.081-50%-0.055+236%0.152-73%2.818-99%
Price Per Share12.780+4%12.29611.533+7%13.001-5%10.144+21%10.468+17%
Price To Free Cash Flow Ratio---0.053-100%-0.0100%0.040-100%-1.7640%
Price To Total Gains Ratio0.178+4%0.1720.269-36%3.211-95%0.738-77%0.450-62%
Quick Ratio---1.369-100%3.365-100%3.541-100%4.818-100%
Return On Assets--0.0260.016+64%0.003+752%0.007+249%0.006+349%
Return On Equity--0.0910.060+53%0.016+473%0.034+169%0.025+257%
Total Gains Per Share--71.66168.536+5%-6.250+109%20.837+244%19.464+268%
Usd Book Value--27559173885.00025451018471.250+8%19967800000.000+38%19937573694.250+38%16656076847.125+65%
Usd Book Value Change Per Share--71.66165.969+9%-8.945+112%18.620+285%17.442+311%
Usd Book Value Per Share--1006.757929.745+8%729.439+38%643.835+56%506.052+99%
Usd Dividend Per Share---2.567-100%2.695-100%2.217-100%2.022-100%
Usd Eps--75.87342.144+80%10.064+654%20.114+277%11.523+558%
Usd Free Cash Flow---925568412.250-100%-1209700000.0000%294383682.450-100%170161841.225-100%
Usd Market Cap349842276.000+4%336595900.620315705279.890+7%355903608.235-5%331233365.415+2%1785704854.365-81%
Usd Price Per Share12.780+4%12.29611.533+7%13.001-5%10.144+21%10.468+17%
Usd Profit--2076960033.0001282565008.250+62%286800000.000+624%595053001.650+249%392651500.825+429%
Usd Revenue--9148859425.0007097514856.250+29%6443175000.000+42%6048797971.250+51%4498728985.625+103%
Usd Total Gains Per Share--71.66168.536+5%-6.250+109%20.837+244%19.464+268%
 EOD+4 -3MRQTTM+22 -9YOY+18 -105Y+24 -710Y+21 -9

3.2. Fundamental Score

Let's check the fundamental score of Fairfax Financial Holdings Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-150.042
Price to Book Ratio (EOD)Between0-10.013
Net Profit Margin (MRQ)Greater than00.227
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.658
Debt to Equity Ratio (MRQ)Less than12.327
Return on Equity (MRQ)Greater than0.150.091
Return on Assets (MRQ)Greater than0.050.026
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of Fairfax Financial Holdings Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5040.136
Ma 20Greater thanMa 5012.782
Ma 50Greater thanMa 10012.832
Ma 100Greater thanMa 20012.170
OpenGreater thanClose12.780
Total2/5 (40.0%)



Reversals in quarterly reports

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

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Net Debt  -3,072,9001,590,200-1,482,700704,100-778,600-197,200-975,8008,877,0677,901,267
Long-term Assets Other  -491,877-51,482,723-51,974,600-1,611,300-53,585,900-1,419,000-55,004,900118,991,24363,986,343



Latest Balance Sheet

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

Summary
Total Assets80,682,481
Total Liabilities53,123,307
Total Stockholder Equity22,833,078
 As reported
Total Liabilities 53,123,307
Total Stockholder Equity+ 22,833,078
Total Assets = 80,682,481

Assets

Total Assets80,682,481
Total Current Assets9,822,785
Long-term Assets70,859,696
Total Current Assets
Cash And Cash Equivalents 1,772,485
Short-term Investments 7,128,939
Total Current Assets  (as reported)9,822,785
Total Current Assets  (calculated)8,901,423
+/- 921,362
Long-term Assets
Long-term Assets Other 63,986,343
Long-term Assets  (as reported)70,859,696
Long-term Assets  (calculated)63,986,343
+/- 6,873,353

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities53,123,307
Total Stockholder Equity22,833,078
Total Current Liabilities
Accounts payable 5,459,126
Other Current Liabilities -5,459,126
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)0
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)53,123,307
Long-term Liabilities  (calculated)0
+/- 53,123,307
Total Stockholder Equity
Common Stock21,504,411
Total Stockholder Equity (as reported)22,833,078
Total Stockholder Equity (calculated)21,504,411
+/- 1,328,667
Other
Cash and Short Term Investments 8,901,423
Liabilities and Stockholders Equity 91,514,477
Net Debt 7,901,267
Short Long Term Debt Total 9,673,752



Balance Sheet

All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-312000-09-302000-06-302000-03-311999-12-311999-09-301999-06-301999-03-311998-12-311998-09-301998-06-301998-03-311997-12-311997-09-301997-06-301997-03-311996-12-311996-09-301996-06-301996-03-311995-12-311995-06-301995-03-311994-12-311994-09-301994-06-301994-03-311993-12-311993-09-301993-06-301993-03-31
> Total Assets 
459,848
467,070
461,267
906,598
862,729
890,713
913,117
1,549,529
1,555,302
1,609,893
1,710,538
1,811,136
3,996,353
4,054,276
4,215,810
4,944,007
5,158,239
5,448,418
7,132,884
7,156,448
7,983,666
13,306,950
13,598,643
13,847,262
19,797,777
22,027,642
22,004,162
21,667,206
20,688,480
19,325,881
21,193,794
20,807,189
20,220,084
20,875,989
22,262,591
21,839,000
22,317,000
22,571,000
22,302,151
22,046,307
23,056,051
23,201,174
25,018,300
24,733,500
24,525,000
25,680,600
26,331,300
26,345,400
26,058,800
27,070,900
27,565,700
23,576,007
27,830,300
26,870,300
26,576,500
26,426,400
26,823,100
27,932,700
27,941,800
28,033,400
26,845,300
27,859,600
27,305,400
25,686,300
27,020,900
29,835,100
28,402,800
29,228,000
30,763,600
32,487,700
31,738,200
33,202,000
33,490,700
34,030,200
33,406,900
33,873,000
33,865,200
34,490,800
36,941,200
36,856,300
36,121,700
35,626,400
35,958,800
36,655,700
37,481,800
37,261,100
36,131,200
37,450,700
42,501,600
42,664,900
41,529,000
43,445,300
43,669,700
44,092,900
43,384,400
43,792,400
45,110,100
63,831,400
64,090,100
65,013,100
65,059,400
64,367,100
64,372,100
68,469,000
70,593,300
69,701,400
70,508,500
69,196,400
70,582,900
71,340,500
74,054,000
76,404,600
80,249,100
84,528,200
86,645,400
88,586,600
88,459,800
88,900,400
92,125,100
81,169,300
82,305,300
84,338,800
80,682,481
80,682,48184,338,80082,305,30081,169,30092,125,10088,900,40088,459,80088,586,60086,645,40084,528,20080,249,10076,404,60074,054,00071,340,50070,582,90069,196,40070,508,50069,701,40070,593,30068,469,00064,372,10064,367,10065,059,40065,013,10064,090,10063,831,40045,110,10043,792,40043,384,40044,092,90043,669,70043,445,30041,529,00042,664,90042,501,60037,450,70036,131,20037,261,10037,481,80036,655,70035,958,80035,626,40036,121,70036,856,30036,941,20034,490,80033,865,20033,873,00033,406,90034,030,20033,490,70033,202,00031,738,20032,487,70030,763,60029,228,00028,402,80029,835,10027,020,90025,686,30027,305,40027,859,60026,845,30028,033,40027,941,80027,932,70026,823,10026,426,40026,576,50026,870,30027,830,30023,576,00727,565,70027,070,90026,058,80026,345,40026,331,30025,680,60024,525,00024,733,50025,018,30023,201,17423,056,05122,046,30722,302,15122,571,00022,317,00021,839,00022,262,59120,875,98920,220,08420,807,18921,193,79419,325,88120,688,48021,667,20622,004,16222,027,64219,797,77713,847,26213,598,64313,306,9507,983,6667,156,4487,132,8845,448,4185,158,2394,944,0074,215,8104,054,2763,996,3531,811,1361,710,5381,609,8931,555,3021,549,529913,117890,713862,729906,598461,267467,070459,848
   > Total 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
9,897,669
0
0
0
10,654,900
0
0
0
10,481,500
0
0
0
10,036,000
0
0
0
5,506,500
0
0
0
6,754,700
0
6,966,800
8,030,600
8,761,400
6,218,300
6,179,600
8,148,200
6,351,800
7,173,200
6,213,700
7,702,600
7,073,700
6,307,700
6,405,100
7,497,300
8,961,300
8,420,600
10,096,400
9,959,500
15,365,500
14,577,600
14,634,500
14,025,600
15,734,100
14,715,000
14,673,100
13,144,500
12,692,400
12,784,700
15,412,700
15,575,200
15,202,900
13,265,900
13,344,500
13,771,500
19,240,000
20,184,500
21,039,300
31,733,200
34,644,300
26,856,500
25,417,300
23,322,700
21,539,200
22,150,300
25,985,700
25,468,500
26,679,000
26,900,300
29,847,300
27,272,100
32,651,100
35,350,400
34,750,800
37,896,900
44,317,500
35,015,500
34,086,100
29,913,400
32,721,100
10,814,900
10,392,900
10,470,300
9,822,785
9,822,78510,470,30010,392,90010,814,90032,721,10029,913,40034,086,10035,015,50044,317,50037,896,90034,750,80035,350,40032,651,10027,272,10029,847,30026,900,30026,679,00025,468,50025,985,70022,150,30021,539,20023,322,70025,417,30026,856,50034,644,30031,733,20021,039,30020,184,50019,240,00013,771,50013,344,50013,265,90015,202,90015,575,20015,412,70012,784,70012,692,40013,144,50014,673,10014,715,00015,734,10014,025,60014,634,50014,577,60015,365,5009,959,50010,096,4008,420,6008,961,3007,497,3006,405,1006,307,7007,073,7007,702,6006,213,7007,173,2006,351,8008,148,2006,179,6006,218,3008,761,4008,030,6006,966,80006,754,7000005,506,50000010,036,00000010,481,50000010,654,9000009,897,66900000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-192,600
0
1,153,500
1,191,300
1,564,200
861,600
880,100
2,340,600
1,251,600
1,788,100
1,423,000
1,347,100
1,540,700
1,061,000
1,140,700
1,217,700
1,026,700
1,015,700
1,012,000
966,600
8,129,300
6,449,700
6,797,900
6,480,700
8,742,400
7,201,400
6,921,800
5,984,400
6,778,600
6,372,700
6,549,900
7,451,300
8,765,500
5,828,100
5,362,500
6,105,600
12,312,200
12,815,700
13,114,500
18,517,400
22,144,900
5,761,700
6,018,900
9,649,900
5,111,000
7,566,300
10,780,000
10,926,300
4,329,300
11,242,800
13,755,700
4,547,800
16,301,800
17,935,200
15,603,500
19,257,400
25,343,800
14,803,200
12,714,500
8,525,700
11,697,800
10,201,000
9,591,400
9,607,800
1,772,485
1,772,4859,607,8009,591,40010,201,00011,697,8008,525,70012,714,50014,803,20025,343,80019,257,40015,603,50017,935,20016,301,8004,547,80013,755,70011,242,8004,329,30010,926,30010,780,0007,566,3005,111,0009,649,9006,018,9005,761,70022,144,90018,517,40013,114,50012,815,70012,312,2006,105,6005,362,5005,828,1008,765,5007,451,3006,549,9006,372,7006,778,6005,984,4006,921,8007,201,4008,742,4006,480,7006,797,9006,449,7008,129,300966,6001,012,0001,015,7001,026,7001,217,7001,140,7001,061,0001,540,7001,347,1001,423,0001,788,1001,251,6002,340,600880,100861,6001,564,2001,191,3001,153,5000-192,6000000000000000000000000000000000000000000000000000000000000
       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
3,915,400
4,986,300
5,508,500
3,594,400
3,316,000
3,857,600
3,244,800
3,436,900
2,745,500
3,722,800
3,513,900
3,260,700
3,466,800
4,526,400
6,199,200
5,424,200
7,035,100
7,026,800
566,700
672,300
649,400
540,400
293,700
428,600
482,400
524,500
213,600
381,100
1,018,400
899,800
353,100
552,900
506,700
317,800
6,396,200
334,600
287,600
148,300
10,205,300
8,144,700
6,053,700
370,200
2,196,800
226,700
279,900
172,500
6,299,100
458,800
745,800
6,757,500
8,470,500
1,041,800
347,400
98,600
9,739,400
1,270,000
1,001,400
98,200
3,341,200
962,800
1,197,800
1,212,200
7,128,939
7,128,9391,212,2001,197,800962,8003,341,20098,2001,001,4001,270,0009,739,40098,600347,4001,041,8008,470,5006,757,500745,800458,8006,299,100172,500279,900226,7002,196,800370,2006,053,7008,144,70010,205,300148,300287,600334,6006,396,200317,800506,700552,900353,100899,8001,018,400381,100213,600524,500482,400428,600293,700540,400649,400672,300566,7007,026,8007,035,1005,424,2006,199,2004,526,4003,466,8003,260,7003,513,9003,722,8002,745,5003,436,9003,244,8003,857,6003,316,0003,594,4005,508,5004,986,3003,915,400000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,897,669
0
0
0
10,654,900
0
0
0
10,481,500
0
0
0
10,036,000
0
0
0
5,506,500
0
0
0
6,947,300
0
1,897,900
1,853,000
1,688,700
1,762,300
1,983,500
1,950,000
1,855,400
1,948,200
2,045,200
2,632,700
2,019,100
1,986,000
1,797,600
1,753,200
1,735,400
1,980,700
2,049,300
1,966,100
7,236,200
7,455,600
7,187,200
7,004,500
6,991,700
7,085,000
7,268,900
6,635,600
5,913,800
6,030,900
7,844,400
7,224,100
6,437,400
6,884,900
7,475,300
7,348,100
6,927,800
7,034,200
7,637,200
13,067,500
12,499,400
12,950,100
13,344,700
13,302,600
14,231,400
14,357,300
14,925,800
14,369,700
16,050,600
15,198,700
16,091,600
15,966,800
16,349,300
17,415,200
18,799,900
18,540,900
18,973,700
20,212,300
21,371,600
21,289,500
21,023,300
613,900
801,500
862,500
0
0862,500801,500613,90021,023,30021,289,50021,371,60020,212,30018,973,70018,540,90018,799,90017,415,20016,349,30015,966,80016,091,60015,198,70016,050,60014,369,70014,925,80014,357,30014,231,40013,302,60013,344,70012,950,10012,499,40013,067,5007,637,2007,034,2006,927,8007,348,1007,475,3006,884,9006,437,4007,224,1007,844,4006,030,9005,913,8006,635,6007,268,9007,085,0006,991,7007,004,5007,187,2007,455,6007,236,2001,966,1002,049,3001,980,7001,735,4001,753,2001,797,6001,986,0002,019,1002,632,7002,045,2001,948,2001,855,4001,950,0001,983,5001,762,3001,688,7001,853,0001,897,90006,947,3000005,506,50000010,036,00000010,481,50000010,654,9000009,897,66900000000000000000000000000000000000000
       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
4,299,200
5,058,200
5,292,000
9,588,500
1,008,822
9,281,100
9,302,800
8,857,600
7,115,400
9,594,200
9,681,600
9,319,400
10,264,600
10,304,500
10,931,300
11,387,600
9,047,000
13,161,300
14,022,900
13,379,400
10,284,100
14,498,300
14,632,400
16,674,769
20,169,052
8,667,277
7,882,060
7,860,445
9,822,785
9,822,7857,860,4457,882,0608,667,27720,169,05216,674,76914,632,40014,498,30010,284,10013,379,40014,022,90013,161,3009,047,00011,387,60010,931,30010,304,50010,264,6009,319,4009,681,6009,594,2007,115,4008,857,6009,302,8009,281,1001,008,8229,588,5005,292,0005,058,2004,299,2000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   > Long-term Assets 
49,494
50,589
48,964
56,950
54,608
53,923
53,827
57,892
57,601
58,084
58,805
59,598
64,000
63,423
61,795
60,734
59,874
59,013
66,875
66,168
170,482
176,643
241,546
232,550
233,708
263,765
253,767
241,902
231,968
230,090
266,579
254,668
258,303
263,404
296,887
290,000
304,000
294,000
298,099
290,727
316,775
310,672
313,000
324,200
337,600
316,100
9,431,100
319,800
311,600
312,700
10,549,400
259,318
329,500
325,800
11,372,900
324,900
327,800
342,400
135,400
133,700
17,032,700
17,847,300
18,265,000
17,334,000
18,852,700
20,446,800
20,391,800
20,395,600
20,397,700
22,282,600
21,839,500
22,942,100
22,394,500
23,102,200
23,511,100
22,205,400
22,400,000
22,951,300
18,724,100
19,374,600
18,451,400
17,866,700
16,913,500
19,147,400
20,078,200
21,240,600
20,298,000
21,165,900
24,050,500
23,985,400
23,268,600
26,617,700
26,960,400
26,343,400
20,683,600
19,237,500
19,282,600
25,607,300
24,109,400
39,785,200
38,549,300
34,536,900
39,971,200
37,642,800
36,103,900
36,045,600
42,786,800
33,680,600
32,022,700
40,921,200
35,033,400
32,015,800
36,428,400
37,255,600
34,933,300
43,545,800
44,333,000
48,358,800
50,704,800
51,974,600
53,585,900
55,004,900
70,859,696
70,859,69655,004,90053,585,90051,974,60050,704,80048,358,80044,333,00043,545,80034,933,30037,255,60036,428,40032,015,80035,033,40040,921,20032,022,70033,680,60042,786,80036,045,60036,103,90037,642,80039,971,20034,536,90038,549,30039,785,20024,109,40025,607,30019,282,60019,237,50020,683,60026,343,40026,960,40026,617,70023,268,60023,985,40024,050,50021,165,90020,298,00021,240,60020,078,20019,147,40016,913,50017,866,70018,451,40019,374,60018,724,10022,951,30022,400,00022,205,40023,511,10023,102,20022,394,50022,942,10021,839,50022,282,60020,397,70020,395,60020,391,80020,446,80018,852,70017,334,00018,265,00017,847,30017,032,700133,700135,400342,400327,800324,90011,372,900325,800329,500259,31810,549,400312,700311,600319,8009,431,100316,100337,600324,200313,000310,672316,775290,727298,099294,000304,000290,000296,887263,404258,303254,668266,579230,090231,968241,902253,767263,765233,708232,550241,546176,643170,48266,16866,87559,01359,87460,73461,79563,42364,00059,59858,80558,08457,60157,89253,82753,92354,60856,95048,96450,58949,494
       Property Plant Equipment 
14,721
16,681
16,321
18,807
17,937
17,588
17,743
21,246
21,600
22,273
24,783
26,129
31,121
31,051
29,840
29,679
29,430
29,217
38,015
37,760
54,606
61,262
61,591
58,567
65,133
89,963
84,199
75,629
72,756
71,247
93,709
89,547
90,274
92,169
124,446
122,000
125,000
114,000
112,113
105,304
109,935
102,990
98,700
110,400
123,200
100,000
99,800
95,100
95,400
97,400
95,700
77,590
89,700
87,200
86,000
85,200
87,600
90,000
81,600
80,700
76,200
72,300
133,100
137,600
138,500
141,400
168,600
170,000
204,900
202,700
197,600
207,900
205,300
205,700
210,800
0
0
0
259,900
0
0
0
241,200
0
0
0
451,600
0
0
0
562,000
0
0
0
891,500
0
0
0
1,250,300
0
0
0
1,242,500
0
0
0
2,708,300
0
0
0
2,754,100
0
0
0
2,284,000
0
0
47,743,408
2,883,700
51,841,611
53,445,545
54,863,382
0
054,863,38253,445,54551,841,6112,883,70047,743,408002,284,0000002,754,1000002,708,3000001,242,5000001,250,300000891,500000562,000000451,600000241,200000259,900000210,800205,700205,300207,900197,600202,700204,900170,000168,600141,400138,500137,600133,10072,30076,20080,70081,60090,00087,60085,20086,00087,20089,70077,59095,70097,40095,40095,10099,800100,000123,200110,40098,700102,990109,935105,304112,113114,000125,000122,000124,44692,16990,27489,54793,70971,24772,75675,62984,19989,96365,13358,56761,59161,26254,60637,76038,01529,21729,43029,67929,84031,05131,12126,12924,78322,27321,60021,24617,74317,58817,93718,80716,32116,68114,721
       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
185,986
0
0
0
214,300
0
0
0
228,100
0
0
0
210,800
0
0
0
239,200
0
0
0
53,800
0
56,600
61,400
0
0
0
0
0
0
0
0
0
673,700
675,500
669,400
0
0
0
0
819,800
0
0
0
851,300
0
0
0
1,048,700
0
0
0
1,428,200
0
0
0
1,633,700
0
0
0
2,904,700
0
0
0
2,702,700
0
0
0
2,997,300
0
0
0
3,126,300
0
0
0
3,084,800
0
0
40,923
2,927,500
-3,827
9,809
26,293
0
026,2939,809-3,8272,927,50040,923003,084,8000003,126,3000002,997,3000002,702,7000002,904,7000001,633,7000001,428,2000001,048,700000851,300000819,8000000669,400675,500673,70000000000061,40056,600053,800000239,200000210,800000228,100000214,300000185,98600000000000000000000000000000000000000
       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
17,175,400
16,291,200
16,389,400
21,559,900
3,065,502
25,943,300
26,880,600
28,676,300
31,188,800
32,133,600
30,133,700
29,771,700
28,141,700
0
0
34,724,600
36,867,900
25,785,900
30,266,900
31,180,300
26,721,100
37,542,500
38,516,000
42,604,300
42,132,100
46,237,400
47,949,100
49,519,000
0
049,519,00047,949,10046,237,40042,132,10042,604,30038,516,00037,542,50026,721,10031,180,30030,266,90025,785,90036,867,90034,724,6000028,141,70029,771,70030,133,70032,133,60031,188,80028,676,30026,880,60025,943,3003,065,50221,559,90016,389,40016,291,20017,175,4000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
34,773
33,908
32,643
38,143
36,670
36,335
36,083
36,646
36,001
35,811
34,022
33,469
32,879
32,372
31,956
31,055
30,444
29,796
28,861
28,408
115,876
115,382
179,955
173,983
168,575
173,802
169,569
166,273
159,212
158,843
172,870
165,121
168,028
171,235
172,441
168,000
179,000
180,000
0
185,423
206,840
207,682
0
213,800
214,400
216,100
0
224,700
216,200
215,300
0
181,728
239,800
238,600
0
239,700
240,200
252,400
0
53,000
0
0
123,200
286,000
315,500
330,100
438,800
445,500
926,200
934,200
949,100
434,200
432,300
418,100
1,115,200
1,176,100
0
1,324,300
481,300
0
0
0
460,500
0
0
0
509,600
0
0
0
1,786,700
0
0
0
2,213,800
4,700,700
4,809,500
6,757,500
3,167,800
6,846,900
6,876,400
6,916,100
2,974,200
7,000,900
7,495,100
7,510,200
3,196,800
0
0
0
3,102,800
0
0
0
2,843,400
0
0
5,713,577
2,761,500
5,741,027
5,626,991
5,459,607
0
05,459,6075,626,9915,741,0272,761,5005,713,577002,843,4000003,102,8000003,196,8007,510,2007,495,1007,000,9002,974,2006,916,1006,876,4006,846,9003,167,8006,757,5004,809,5004,700,7002,213,8000001,786,700000509,600000460,500000481,3001,324,30001,176,1001,115,200418,100432,300434,200949,100934,200926,200445,500438,800330,100315,500286,000123,2000053,0000252,400240,200239,7000238,600239,800181,7280215,300216,200224,7000216,100214,400213,8000207,682206,840185,4230180,000179,000168,000172,441171,235168,028165,121172,870158,843159,212166,273169,569173,802168,575173,983179,955115,382115,87628,40828,86129,79630,44431,05531,95632,37232,87933,46934,02235,81136,00136,64636,08336,33536,67038,14332,64333,90834,773
       Other 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
12,106,383
0
0
0
14,050,400
0
0
0
6,418,700
0
0
0
6,980,300
0
0
0
9,697,100
0
0
0
21,051,700
0
2,845,800
1,981,700
279,000
2,134,000
1,988,600
1,240,100
1,659,200
1,659,200
4,152,200
2,502,500
2,825,000
3,952,200
4,691,100
3,430,700
934,500
3,247,000
1,368,800
1,580,000
2,851,600
2,904,100
3,035,800
3,734,100
3,311,200
2,793,300
2,730,500
2,876,000
3,140,800
3,500,100
3,038,400
3,104,300
3,057,500
3,561,700
3,364,800
3,978,000
3,460,800
4,370,400
4,788,200
6,490,900
5,336,400
-1,628,600
1,092,800
6,507,500
2,861,700
8,675,900
8,503,700
8,187,300
1,042,700
8,615,500
8,712,900
3,147,200
6,369,500
9,038,400
9,069,900
9,375,700
7,394,600
10,025,300
10,040,700
10,628,200
8,699,200
18,379,800
18,326,500
18,863,600
0
018,863,60018,326,50018,379,8008,699,20010,628,20010,040,70010,025,3007,394,6009,375,7009,069,9009,038,4006,369,5003,147,2008,712,9008,615,5001,042,7008,187,3008,503,7008,675,9002,861,7006,507,5001,092,800-1,628,6005,336,4006,490,9004,788,2004,370,4003,460,8003,978,0003,364,8003,561,7003,057,5003,104,3003,038,4003,500,1003,140,8002,876,0002,730,5002,793,3003,311,2003,734,1003,035,8002,904,1002,851,6001,580,0001,368,8003,247,000934,5003,430,7004,691,1003,952,2002,825,0002,502,5004,152,2001,659,2001,659,2001,240,1001,988,6002,134,000279,0001,981,7002,845,800021,051,7000009,697,1000006,980,3000006,418,70000014,050,40000012,106,38300000000000000000000000000000000000000
> Total Liabilities 
330,304
333,700
327,925
682,347
643,575
665,610
674,997
1,257,789
1,253,965
1,292,107
1,350,158
1,318,571
3,490,356
3,517,093
3,535,768
4,246,542
4,414,741
4,477,165
6,143,240
6,123,631
6,615,257
11,917,588
1,030,053
1,300,908
1,520,354
1,574,628
1,448,327
1,431,848
1,365,756
1,327,037
18,513,742
18,212,879
17,272,008
18,327,531
19,560,766
19,112,000
19,447,000
19,609,000
19,723,498
19,290,561
19,847,442
19,915,426
21,659,500
21,361,400
21,033,400
22,264,200
22,539,200
22,556,300
22,254,300
23,401,300
23,905,900
20,278,695
23,880,800
23,226,100
22,426,700
22,067,200
22,186,600
22,819,900
2,170,800
1,840,600
20,655,800
21,719,500
20,953,800
20,192,900
20,381,600
21,118,300
20,666,200
20,817,500
22,377,900
23,573,200
22,995,800
24,979,800
25,203,200
24,844,500
24,998,400
25,436,200
25,382,900
25,933,500
28,050,900
28,069,400
27,534,800
27,579,600
27,498,300
27,561,700
27,997,500
27,377,200
26,387,400
26,370,300
31,059,300
30,658,900
29,510,100
31,067,800
31,110,500
31,338,900
31,564,300
31,557,000
32,453,400
46,418,300
45,678,100
46,264,200
46,619,600
46,411,000
47,006,900
50,634,800
52,750,100
52,059,500
52,601,300
52,976,200
54,142,900
54,954,100
56,526,700
58,132,300
60,712,300
64,376,800
65,330,100
67,501,500
68,710,600
70,199,300
71,789,300
57,140,800
57,686,400
58,741,300
53,123,307
53,123,30758,741,30057,686,40057,140,80071,789,30070,199,30068,710,60067,501,50065,330,10064,376,80060,712,30058,132,30056,526,70054,954,10054,142,90052,976,20052,601,30052,059,50052,750,10050,634,80047,006,90046,411,00046,619,60046,264,20045,678,10046,418,30032,453,40031,557,00031,564,30031,338,90031,110,50031,067,80029,510,10030,658,90031,059,30026,370,30026,387,40027,377,20027,997,50027,561,70027,498,30027,579,60027,534,80028,069,40028,050,90025,933,50025,382,90025,436,20024,998,40024,844,50025,203,20024,979,80022,995,80023,573,20022,377,90020,817,50020,666,20021,118,30020,381,60020,192,90020,953,80021,719,50020,655,8001,840,6002,170,80022,819,90022,186,60022,067,20022,426,70023,226,10023,880,80020,278,69523,905,90023,401,30022,254,30022,556,30022,539,20022,264,20021,033,40021,361,40021,659,50019,915,42619,847,44219,290,56119,723,49819,609,00019,447,00019,112,00019,560,76618,327,53117,272,00818,212,87918,513,7421,327,0371,365,7561,431,8481,448,3271,574,6281,520,3541,300,9081,030,05311,917,5886,615,2576,123,6316,143,2404,477,1654,414,7414,246,5423,535,7683,517,0933,490,3561,318,5711,350,1581,292,1071,253,9651,257,789674,997665,610643,575682,347327,925333,700330,304
   > Total Current Liabilities 
8,435
9,977
9,209
7,931
12,006
10,568
8,574
6,345
10,765
10,336
5,573
8,220
9,007
7,194
1,751
8,759
7,466
7,811
419
6,118
24,005
5,307
0
0
0
0
0
0
0
0
28,275
32,389
40,195
38,362
27,138
33,000
37,000
37,000
26,716
76,783
33,091
26,506
17,700
67,900
66,900
83,600
89,200
88,200
88,700
66,200
63,900
57,978
74,000
76,900
68,200
68,900
77,500
86,700
0
0
1,050,900
1,488,100
1,347,600
1,148,500
1,127,400
1,187,500
1,214,300
1,106,100
1,119,500
1,697,800
1,271,800
1,427,200
1,466,700
1,622,500
1,657,200
1,739,300
1,733,400
1,985,200
2,379,100
2,512,600
2,435,600
2,275,100
2,267,600
2,474,000
2,560,900
2,779,400
2,525,900
2,481,500
3,102,800
3,532,100
2,878,700
2,922,600
3,180,300
3,262,800
3,594,600
3,367,900
3,653,300
4,658,400
4,663,700
4,319,700
5,062,500
5,107,100
2,102,600
6,705,100
7,532,800
7,521,900
4,222,800
7,595,100
7,865,300
7,861,800
9,621,500
8,178,900
8,870,600
9,513,700
10,126,500
9,710,300
10,109,200
10,122,100
10,970,500
6,358,800
6,086,800
6,796,500
0
06,796,5006,086,8006,358,80010,970,50010,122,10010,109,2009,710,30010,126,5009,513,7008,870,6008,178,9009,621,5007,861,8007,865,3007,595,1004,222,8007,521,9007,532,8006,705,1002,102,6005,107,1005,062,5004,319,7004,663,7004,658,4003,653,3003,367,9003,594,6003,262,8003,180,3002,922,6002,878,7003,532,1003,102,8002,481,5002,525,9002,779,4002,560,9002,474,0002,267,6002,275,1002,435,6002,512,6002,379,1001,985,2001,733,4001,739,3001,657,2001,622,5001,466,7001,427,2001,271,8001,697,8001,119,5001,106,1001,214,3001,187,5001,127,4001,148,5001,347,6001,488,1001,050,9000086,70077,50068,90068,20076,90074,00057,97863,90066,20088,70088,20089,20083,60066,90067,90017,70026,50633,09176,78326,71637,00037,00033,00027,13838,36240,19532,38928,275000000005,30724,0056,1184197,8117,4668,7591,7517,1949,0078,2205,57310,33610,7656,3458,57410,56812,0067,9319,2099,9778,435
       Short-term Debt 
8,435
9,977
9,209
7,931
12,006
10,568
8,574
6,345
10,765
10,336
5,573
8,220
9,007
7,194
1,751
8,759
7,466
7,811
419
6,118
24,005
5,307
0
0
0
0
0
0
0
0
28,275
32,389
40,195
38,362
27,138
33,000
37,000
37,000
26,716
76,783
33,091
26,506
17,700
67,900
66,900
83,600
89,200
88,200
88,700
66,200
63,900
57,978
74,000
76,900
68,200
68,900
77,500
86,700
0
0
0
0
21,100
16,500
9,600
14,700
12,100
11,400
6,800
80,700
2,200
2,200
900
2,200
1,000
3,100
0
65,400
61,700
0
0
0
6,000
0
0
0
35,300
0
0
0
0
0
0
0
289,800
4,679,100
4,775,200
6,415,500
184,000
7,018,200
0
0
141,300
0
0
0
853,400
0
0
0
1,661,400
0
0
0
647,600
0
0
0
693,400
0
0
0
0
0000693,400000647,6000001,661,400000853,400000141,300007,018,200184,0006,415,5004,775,2004,679,100289,800000000035,3000006,00000061,70065,40003,1001,0002,2009002,2002,20080,7006,80011,40012,10014,7009,60016,50021,100000086,70077,50068,90068,20076,90074,00057,97863,90066,20088,70088,20089,20083,60066,90067,90017,70026,50633,09176,78326,71637,00037,00033,00027,13838,36240,19532,38928,275000000005,30724,0056,1184197,8117,4668,7591,7517,1949,0078,2205,57310,33610,7656,3458,57410,56812,0067,9319,2099,9778,435
       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
4,767,600
4,679,100
4,775,200
6,415,500
985,769
7,018,200
0
0
0
0
0
0
0
0
0
0
1,661,400
0
0
0
647,600
0
0
0
693,400
0
0
0
0
0000693,400000647,6000001,661,40000000000007,018,200985,7696,415,5004,775,2004,679,1004,767,6000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,050,900
1,488,100
1,326,500
1,132,000
1,117,800
1,172,800
1,202,200
1,094,700
1,112,700
1,617,100
1,269,600
1,425,000
1,465,800
1,620,300
1,656,200
1,736,200
1,733,400
1,919,800
2,317,400
2,512,600
2,435,600
2,275,100
2,261,600
2,474,000
2,560,900
2,779,400
2,490,600
2,481,500
3,102,800
3,532,100
2,878,700
2,922,600
3,180,300
3,262,800
3,304,800
3,367,900
3,653,300
4,658,400
4,479,700
4,319,700
5,062,500
5,107,100
1,961,300
6,705,100
7,532,800
7,521,900
3,369,400
7,595,100
7,865,300
7,861,800
7,960,100
8,178,900
8,870,600
9,513,700
9,478,900
9,710,300
10,109,200
10,122,100
10,277,100
6,358,800
6,086,800
6,796,500
5,459,126
5,459,1266,796,5006,086,8006,358,80010,277,10010,122,10010,109,2009,710,3009,478,9009,513,7008,870,6008,178,9007,960,1007,861,8007,865,3007,595,1003,369,4007,521,9007,532,8006,705,1001,961,3005,107,1005,062,5004,319,7004,479,7004,658,4003,653,3003,367,9003,304,8003,262,8003,180,3002,922,6002,878,7003,532,1003,102,8002,481,5002,490,6002,779,4002,560,9002,474,0002,261,6002,275,1002,435,6002,512,6002,317,4001,919,8001,733,4001,736,2001,656,2001,620,3001,465,8001,425,0001,269,6001,617,1001,112,7001,094,7001,202,2001,172,8001,117,8001,132,0001,326,5001,488,1001,050,900000000000000000000000000000000000000000000000000000000000000
   > Long-term Liabilities 
72,013
70,934
64,762
110,879
111,457
111,466
110,859
171,465
170,879
172,140
227,446
218,795
343,580
343,539
355,306
391,696
390,269
514,699
514,039
511,768
979,028
1,072,505
1,030,053
1,300,908
1,520,354
1,574,628
1,448,327
1,431,848
1,365,756
1,327,037
1,325,309
1,312,079
1,298,761
1,313,667
1,464,209
1,464,000
1,535,000
1,481,000
1,461,174
1,563,636
1,875,698
1,923,633
2,016,100
2,124,900
2,079,700
2,041,300
2,155,500
2,236,000
2,247,000
2,241,500
2,234,600
1,948,653
2,251,000
2,202,100
2,115,700
2,015,900
2,806,000
1,975,900
2,170,800
1,840,600
1,851,600
1,945,400
1,946,400
1,933,000
1,924,700
2,292,200
2,301,700
2,313,200
2,547,500
2,702,500
2,727,300
2,811,700
3,073,900
2,992,200
3,017,500
3,040,200
2,947,500
2,969,300
3,139,500
3,220,900
3,174,700
3,227,300
3,074,200
3,053,300
3,109,600
3,319,400
3,334,300
3,347,400
3,479,000
3,455,700
3,630,900
3,788,100
3,793,800
4,209,400
5,136,600
4,679,100
4,775,200
6,415,500
6,897,500
7,018,200
6,694,900
6,577,500
6,955,000
7,345,000
8,093,900
7,782,900
8,358,000
9,069,400
8,977,700
8,649,600
9,698,800
9,378,000
9,227,300
8,492,600
8,705,700
8,484,300
8,194,700
8,919,700
9,551,400
9,789,300
9,842,900
9,794,800
53,123,307
53,123,3079,794,8009,842,9009,789,3009,551,4008,919,7008,194,7008,484,3008,705,7008,492,6009,227,3009,378,0009,698,8008,649,6008,977,7009,069,4008,358,0007,782,9008,093,9007,345,0006,955,0006,577,5006,694,9007,018,2006,897,5006,415,5004,775,2004,679,1005,136,6004,209,4003,793,8003,788,1003,630,9003,455,7003,479,0003,347,4003,334,3003,319,4003,109,6003,053,3003,074,2003,227,3003,174,7003,220,9003,139,5002,969,3002,947,5003,040,2003,017,5002,992,2003,073,9002,811,7002,727,3002,702,5002,547,5002,313,2002,301,7002,292,2001,924,7001,933,0001,946,4001,945,4001,851,6001,840,6002,170,8001,975,9002,806,0002,015,9002,115,7002,202,1002,251,0001,948,6532,234,6002,241,5002,247,0002,236,0002,155,5002,041,3002,079,7002,124,9002,016,1001,923,6331,875,6981,563,6361,461,1741,481,0001,535,0001,464,0001,464,2091,313,6671,298,7611,312,0791,325,3091,327,0371,365,7561,431,8481,448,3271,574,6281,520,3541,300,9081,030,0531,072,505979,028511,768514,039514,699390,269391,696355,306343,539343,580218,795227,446172,140170,879171,465110,859111,466111,457110,87964,76270,93472,013
       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
15,250,000
19,291,800
19,495,900
28,819,600
3,463,030
28,252,500
27,914,200
27,994,000
22,868,100
31,975,800
32,334,100
32,162,900
22,922,600
38,604,000
32,058,600
32,906,800
24,478,400
35,058,800
36,701,500
41,334,600
30,255,800
43,307,200
43,733,500
44,824,000
32,662,400
0
43,849,700
0
0
0043,849,700032,662,40044,824,00043,733,50043,307,20030,255,80041,334,60036,701,50035,058,80024,478,40032,906,80032,058,60038,604,00022,922,60032,162,90032,334,10031,975,80022,868,10027,994,00027,914,20028,252,5003,463,03028,819,60019,495,90019,291,80015,250,0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
115,778
119,496
120,838
211,109
206,424
212,436
225,073
279,406
288,932
305,048
346,522
478,473
491,645
522,356
664,721
682,626
729,218
957,151
975,318
1,018,543
1,334,340
1,356,864
1,457,674
2,165,998
2,190,872
2,178,239
2,284,801
2,274,302
2,273,786
2,222,075
2,250,522
2,164,359
2,273,326
1,892,195
2,046,424
2,072,000
2,205,000
2,264,000
2,255,909
2,503,206
2,804,775
2,872,012
2,918,000
2,923,300
2,955,800
2,863,900
3,209,100
3,173,000
3,164,200
2,968,400
2,905,900
2,614,932
3,079,700
2,724,100
2,856,900
3,001,400
3,124,600
3,601,500
4,258,000
4,809,200
4,733,700
4,722,600
4,968,800
4,558,200
5,613,200
7,650,200
7,619,000
8,296,900
8,273,700
8,870,100
8,696,600
8,179,900
8,244,900
9,143,000
8,362,600
8,381,600
8,429,900
8,494,700
8,821,100
8,716,600
8,485,600
7,935,400
8,353,100
8,974,000
9,360,500
9,720,200
9,525,700
10,113,500
9,967,000
10,231,100
10,287,400
10,582,400
10,754,400
10,768,400
9,820,100
9,662,000
10,048,200
12,944,400
13,811,100
14,089,900
13,804,900
13,695,400
13,114,800
13,474,200
13,831,800
13,752,700
14,378,100
12,623,100
12,794,200
12,936,300
13,856,600
14,287,200
15,350,600
15,875,000
16,385,100
16,246,200
15,253,000
14,698,800
16,676,200
19,999,300
20,692,600
21,597,600
22,833,078
22,833,07821,597,60020,692,60019,999,30016,676,20014,698,80015,253,00016,246,20016,385,10015,875,00015,350,60014,287,20013,856,60012,936,30012,794,20012,623,10014,378,10013,752,70013,831,80013,474,20013,114,80013,695,40013,804,90014,089,90013,811,10012,944,40010,048,2009,662,0009,820,10010,768,40010,754,40010,582,40010,287,40010,231,1009,967,00010,113,5009,525,7009,720,2009,360,5008,974,0008,353,1007,935,4008,485,6008,716,6008,821,1008,494,7008,429,9008,381,6008,362,6009,143,0008,244,9008,179,9008,696,6008,870,1008,273,7008,296,9007,619,0007,650,2005,613,2004,558,2004,968,8004,722,6004,733,7004,809,2004,258,0003,601,5003,124,6003,001,4002,856,9002,724,1003,079,7002,614,9322,905,9002,968,4003,164,2003,173,0003,209,1002,863,9002,955,8002,923,3002,918,0002,872,0122,804,7752,503,2062,255,9092,264,0002,205,0002,072,0002,046,4241,892,1952,273,3262,164,3592,250,5222,222,0752,273,7862,274,3022,284,8012,178,2392,190,8722,165,9981,457,6741,356,8641,334,3401,018,543975,318957,151729,218682,626664,721522,356491,645478,473346,522305,048288,932279,406225,073212,436206,424211,109120,838119,496115,778
   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
1,419,797
0
0
0
1,510,000
0
0
0
1,781,800
0
0
0
2,074,500
0
0
0
2,071,900
0
0
0
2,067,400
0
0
2,129,300
2,124,900
2,123,600
2,121,300
3,108,600
3,058,600
7,886,600
7,863,400
8,223,900
7,761,900
7,245,200
0
8,208,300
7,427,900
0
7,263,500
0
7,654,700
3,247,100
3,247,100
3,247,100
7,186,700
3,646,600
3,646,600
3,646,600
8,361,000
4,222,500
4,233,600
4,233,600
8,952,500
4,757,100
4,759,600
4,760,100
8,484,600
4,755,200
4,755,800
6,946,200
12,475,600
6,888,100
6,875,700
6,871,900
6,859,000
6,797,200
6,797,200
6,797,200
6,797,200
6,784,600
11,458,700
6,724,600
12,521,100
12,951,700
6,677,800
6,677,800
15,049,600
6,182,400
13,917,500
6,119,300
15,340,700
18,663,800
19,357,100
20,262,100
21,504,411
21,504,41120,262,10019,357,10018,663,80015,340,7006,119,30013,917,5006,182,40015,049,6006,677,8006,677,80012,951,70012,521,1006,724,60011,458,7006,784,6006,797,2006,797,2006,797,2006,797,2006,859,0006,871,9006,875,7006,888,10012,475,6006,946,2004,755,8004,755,2008,484,6004,760,1004,759,6004,757,1008,952,5004,233,6004,233,6004,222,5008,361,0003,646,6003,646,6003,646,6007,186,7003,247,1003,247,1003,247,1007,654,70007,263,50007,427,9008,208,30007,245,2007,761,9008,223,9007,863,4007,886,6003,058,6003,108,6002,121,3002,123,6002,124,9002,129,300002,067,4000002,071,9000002,074,5000001,781,8000001,510,0000001,419,79700000000000000000000000000000000000000
   Retained Earnings 
77,105
81,613
84,452
95,169
95,473
101,405
110,636
116,995
126,537
139,241
181,326
192,960
206,939
236,954
290,154
310,982
356,998
407,521
439,547
479,422
503,149
556,007
661,810
723,564
736,529
746,858
723,268
740,858
780,201
751,348
777,219
758,923
815,762
491,359
500,173
527,000
582,000
730,000
790,442
934,669
1,195,288
1,172,794
1,114,900
1,129,400
1,172,700
1,060,100
1,061,900
1,072,200
1,074,900
852,300
531,400
578,669
802,400
440,400
596,600
685,500
850,600
1,097,900
1,658,200
2,178,900
2,183,900
2,530,900
2,871,900
2,668,100
2,939,100
3,497,700
3,468,800
0
0
0
0
0
0
0
0
0
0
0
4,387,100
4,330,400
4,157,500
3,571,500
3,551,200
4,105,800
4,452,100
4,899,400
4,909,900
4,894,200
4,692,400
5,119,300
5,230,700
4,943,600
5,172,000
5,190,000
4,456,200
4,247,100
4,548,700
5,155,800
6,048,000
6,344,400
6,282,500
6,366,800
5,864,200
6,287,500
6,682,300
6,734,500
7,379,200
5,770,500
6,067,200
6,156,800
7,092,500
7,584,400
8,683,100
9,185,800
9,972,200
9,823,100
8,952,900
8,643,800
10,509,600
13,878,451
14,566,008
15,530,706
0
015,530,70614,566,00813,878,45110,509,6008,643,8008,952,9009,823,1009,972,2009,185,8008,683,1007,584,4007,092,5006,156,8006,067,2005,770,5007,379,2006,734,5006,682,3006,287,5005,864,2006,366,8006,282,5006,344,4006,048,0005,155,8004,548,7004,247,1004,456,2005,190,0005,172,0004,943,6005,230,7005,119,3004,692,4004,894,2004,909,9004,899,4004,452,1004,105,8003,551,2003,571,5004,157,5004,330,4004,387,100000000000003,468,8003,497,7002,939,1002,668,1002,871,9002,530,9002,183,9002,178,9001,658,2001,097,900850,600685,500596,600440,400802,400578,669531,400852,3001,074,9001,072,2001,061,9001,060,1001,172,7001,129,4001,114,9001,172,7941,195,288934,669790,442730,000582,000527,000500,173491,359815,762758,923777,219751,348780,201740,858723,268746,858736,529723,564661,810556,007503,149479,422439,547407,521356,998310,982290,154236,954206,939192,960181,326139,241126,537116,995110,636101,40595,47395,16984,45281,61377,105
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
38,672
37,883
36,386
115,940
110,951
111,031
114,438
162,410
162,395
165,808
165,195
285,513
284,706
285,402
374,567
371,644
372,220
549,629
535,772
539,121
831,191
800,857
795,864
1,442,434
1,454,343
1,431,381
1,561,533
1,533,444
1,493,585
1,470,727
1,473,303
1,405,436
1,457,565
1,400,836
1,546,251
1,545,000
1,623,000
1,534,000
0
1,657,028
1,792,785
1,880,838
202,800
1,738,500
1,739,000
1,727,100
195,600
1,977,800
1,977,800
1,977,800
118,800
1,942,230
2,249,200
2,250,100
79,200
2,248,100
2,184,800
2,360,400
70,600
2,562,900
2,209,900
-45,400
-45,400
-45,400
-52,200
-60,000
-57,400
0
0
0
0
0
7,310,200
0
0
7,215,200
0
7,328,300
-9,003,800
-188,200
-192,600
-183,000
-7,259,200
-198,200
-190,000
-179,000
-9,583,600
-240,800
-226,200
-256,200
-9,733,400
-323,200
-323,000
-308,200
-7,816,600
-378,600
-379,200
-442,600
-11,567,800
-467,600
-619,200
-687,600
-757,200
-849,400
-847,000
-873,000
-844,200
-895,600
-630,600
-980,600
-12,587,000
-585,800
-1,041,800
-881,000
-18,341,000
-312,100
-334,200
-304,600
-9,530,000
-13,494,194
-14,165,107
-15,056,888
0
0-15,056,888-14,165,107-13,494,194-9,530,000-304,600-334,200-312,100-18,341,000-881,000-1,041,800-585,800-12,587,000-980,600-630,600-895,600-844,200-873,000-847,000-849,400-757,200-687,600-619,200-467,600-11,567,800-442,600-379,200-378,600-7,816,600-308,200-323,000-323,200-9,733,400-256,200-226,200-240,800-9,583,600-179,000-190,000-198,200-7,259,200-183,000-192,600-188,200-9,003,8007,328,30007,215,200007,310,20000000-57,400-60,000-52,200-45,400-45,400-45,4002,209,9002,562,90070,6002,360,4002,184,8002,248,10079,2002,250,1002,249,2001,942,230118,8001,977,8001,977,8001,977,800195,6001,727,1001,739,0001,738,500202,8001,880,8381,792,7851,657,02801,534,0001,623,0001,545,0001,546,2511,400,8361,457,5651,405,4361,473,3031,470,7271,493,5851,533,4441,561,5331,431,3811,454,3431,442,434795,864800,857831,191539,121535,772549,629372,220371,644374,567285,402284,706285,513165,195165,808162,395162,410114,438111,031110,951115,94036,38637,88338,672



Balance Sheet

All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


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

Gross Profit (+$)
totalRevenue31,344,978
Cost of Revenue-0
Gross Profit31,344,97831,344,978
 
Operating Income (+$)
Gross Profit31,344,978
Operating Expense--3,646,468
Operating Income1,767,12334,991,446
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense-3,646,4680
 
Net Interest Income (+$)
Interest Income1,692,900
Interest Expense-519,353
Other Finance Cost-1,678,747
Net Interest Income-505,200
 
Pretax Income (+$)
Operating Income1,767,123
Net Interest Income-505,200
Other Non-Operating Income Expenses0
Income Before Tax (EBT)4,975,705-3,208,582
EBIT - interestExpense = -519,353
6,742,829
6,433,865
Interest Expense519,353
Earnings Before Interest and Taxes (EBIT)05,495,058
Earnings Before Interest and Taxes (EBITDA)1,767,123
 
After tax Income (+$)
Income Before Tax4,975,705
Tax Provision-663,700
Net Income From Continuing Ops3,376,1004,312,005
Net Income5,914,512
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses16,272,443
Total Other Income/Expenses Net4,975,705505,200
 

Technical Analysis of Fairfax
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 Fairfax. The general trend of Fairfax is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Fairfax'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 transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=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 Fairfax Financial Holdings Limited.

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: < < .

The bearish price targets are: 12.78 > 12.78 > 12.78.

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Fairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

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

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

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

Fairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current macd is -0.02029281.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Fairfax price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Fairfax. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Fairfax price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Fairfax Financial Holdings Limited Daily Moving Average Convergence/Divergence (MACD) ChartFairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current adx is 32.62.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Fairfax shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
Fairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current sar is 12.99.

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

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Fairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current rsi is 40.14. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -3/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Fairfax Financial Holdings Limited Daily Relative Strength Index (RSI) ChartFairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Fairfax price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Fairfax Financial Holdings Limited Daily Stochastic Oscillator ChartFairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current cci is -37.03703704.

Fairfax Financial Holdings Limited Daily Commodity Channel Index (CCI) ChartFairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current cmo is -56.92368722.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Fairfax Financial Holdings Limited Daily Chande Momentum Oscillator (CMO) ChartFairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current willr is 0.

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
Fairfax Financial Holdings Limited Daily Williams %R ChartFairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited.

Fairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current atr is 0.01135608.

Fairfax Financial Holdings Limited Daily Average True Range (ATR) ChartFairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current obv is 25,364.

Fairfax Financial Holdings Limited Daily On-Balance Volume (OBV) ChartFairfax Financial Holdings Limited 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 Fairfax Financial Holdings Limited. The current mfi is 0.

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

  • MFI < 50: -1
  • MFI < 20: -1
Fairfax Financial Holdings Limited Daily Money Flow Index (MFI) ChartFairfax Financial Holdings Limited Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Fairfax Financial Holdings Limited.

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.

DateIndicatorSignal
2023-11-02STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-06ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-16MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-11-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-11-27MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-08STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-19MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-26WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-27MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-10MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-01-17WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-18MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-24WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-02-20MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-26DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-27BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-20WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside

6.3. Candlestick Patterns

Fairfax Financial Holdings Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Fairfax Financial Holdings Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5040.136
Ma 20Greater thanMa 5012.782
Ma 50Greater thanMa 10012.832
Ma 100Greater thanMa 20012.170
OpenGreater thanClose12.780
Total2/5 (40.0%)
Penke

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