Fortis Inc
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Penke I guess you are interested in Fortis Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Fortis Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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

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Quick analysis of Fortis Inc (30 sec.)

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

How much money do you get?

$1.13

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$34.37

Expected worth in 1 year

$35.09

How sure are you?

80.0%

+ What do you gain per year?

Total Gains per Share

$1.85

Return On Investment

4.9%

For what price can you sell your share?

Current Price per Share

$37.54

Expected price per share

$32.66 - $38.25

How sure are you?

50%

1. Valuation of Fortis Inc (5 min.)

Live pricePrice per Share (EOD)

$37.54

Book Value per Share

$34.37

Intrinsic Value Per Share

$-14.73 - $-4.96

Total Value Per Share

$19.64 - $29.41

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($-0.25) 3Y: ($-0.23) TTM: ($-0.23)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.01) 3Y: ($0.00) TTM: ($-0.10)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-1.07	$-0.87	$-1.19 - $-0.86
2	$-2.27	$-1.64	$-1.40 - $-0.78
3	$-3.59	$-2.33	$-1.61 - $-0.71
4	$-5.00	$-2.93	$-1.82 - $-0.64
5	$-6.49	$-3.44	$-2.03 - $-0.57
6	$-8.05	$-3.89	$-2.24 - $-0.49
7	$-9.67	$-4.25	$-2.45 - $-0.42
8	$-11.32	$-4.55	$-2.66 - $-0.35
9	$-13.01	$-4.79	$-2.87 - $-0.28
10	$-14.73	$-4.96	$-3.08 - $-0.20

2. Growth of Fortis Inc (5 min.)

Is Fortis Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$16.9b	$16b	$815.3m	4.8%

How much money is Fortis Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$285.5m	$253m	$32.4m	11.4%
Net Profit Margin	13.6%	12.6%	-	-

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

Quarterly Yearly

3. Financial Health of Fortis Inc (5 min.)

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

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

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

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

Speculation

The Price per Share of Fortis Inc is $37.54. 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 Fortis Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Fortis Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $34.37. Based on the TTM, the Book Value Change Per Share is $0.18 per quarter. Based on the YOY, the Book Value Change Per Share is $0.71 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 $0.28 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.59	1.6%	0.57	1.5%	0.49	1.3%	0.51	1.4%	0.36	1.0%
Usd Book Value Change Per Share	-0.32	-0.8%	0.18	0.5%	0.71	1.9%	0.36	1.0%	0.62	1.7%
Usd Dividend Per Share	0.30	0.8%	0.28	0.8%	0.27	0.7%	0.26	0.7%	0.20	0.5%
Usd Total Gains Per Share	-0.02	-0.1%	0.46	1.2%	0.98	2.6%	0.62	1.7%	0.83	2.2%
Usd Price Per Share	41.13	-	41.19	-	43.70	-	41.92	-	36.90	-
Price to Earnings Ratio	17.54	-	18.68	-	22.60	-	21.55	-	44.44	-
Price-to-Total Gains Ratio	-2,147.88	-	-482.73	-	123.03	-	-203.18	-	-124.14	-
Price to Book Ratio	1.20	-	1.20	-	1.35	-	1.35	-	1.62	-
Price-to-Total Gains Ratio	-2,147.88	-	-482.73	-	123.03	-	-203.18	-	-124.14	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	37.54
Number of shares	26

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.28	0.26
Usd Book Value Change Per Share	0.18	0.36
Usd Total Gains Per Share	0.46	0.62
Gains per Quarter (26 shares)	12.04	16.21
Gains per Year (26 shares)	48.18	64.83

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	29	19	38	27	37	55
2	59	38	86	55	75	120
3	88	56	134	82	112	185
4	118	75	182	110	149	250
5	147	94	230	137	187	315
6	176	113	278	165	224	380
7	206	131	326	192	261	445
8	235	150	374	220	299	510
9	265	169	422	247	336	575
10	294	188	470	275	373	640

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	108.0	0.0	0.0	100.0%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	10.0	2.0	0.0	83.3%	14.0	6.0	0.0	70.0%	28.0	12.0	0.0	70.0%	91.0	17.0	0.0	84.3%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	108.0	0.0	0.0	100.0%
Total Gains per Share	3.0	1.0	0.0	75.0%	11.0	1.0	0.0	91.7%	16.0	4.0	0.0	80.0%	32.0	8.0	0.0	80.0%	99.0	9.0	0.0	91.7%

Fundamentals of Fortis Inc

About Fortis Inc

https://www.fortisinc.com
9598
Fortis Place, St. John's, NF, Canada, A1E 0E4
Google Maps Bing Maps

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Fundamental data was last updated by Penke on 2024-04-13 14:46:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Fortis Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
A Net Profit Margin of 13.8% means that $0.14 for each $1 in revenue is generated as profit.

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

The MRQ is 13.8%. The company is making a huge profit. +2
The TTM is 13.6%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	13.8%	TTM	13.6%	+0.2%
TTM	13.6%	YOY	12.6%	+1.0%
TTM	13.6%	5Y	14.9%	-1.2%
5Y	14.9%	10Y	12.9%	+2.0%

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

Revenue is the amount of profit Fortis Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Fortis Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
Can be used to compare companies within the Utilities - Regulated Electric industry.

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

Why do investors use net profit margin in their analysis

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

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Fortis Inc is 0.14. This means that Fortis Inc earned $0.14 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Fortis Inc with other companies in the same industry (Utilities - Regulated Electric).
Net profit margin should rise over the years.
Can be influenced when Fortis Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Fortis Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Fortis Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Fortis Inc = 398,000
Total revenue MRQ Fortis Inc = 2,885,000
$398,000 / $2,885,000 = 0.14 or 13.8%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Fortis Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
0.6% Return on Assets means that Fortis Inc generated $0.01 profit for each $1 in assets.

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

The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.6%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.6%	TTM	0.6%	+0.0%
TTM	0.6%	YOY	0.6%	+0.0%
TTM	0.6%	5Y	0.6%	0.0%
5Y	0.6%	10Y	0.6%	+0.0%

Shows how efficient Fortis Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Fortis Inc is using its resources to generate profit. If the return on assets (0.6%) from Fortis Inc are higher than the Utilities - Regulated Electric mean () that means Fortis Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Fortis Inc is 0.6%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Fortis Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Fortis Inc = 398,000
Total assets MRQ (balance sheet) from Fortis Inc = 65,920,000
398,000 / 65,920,000 = 0.01 or 0.6%

ROA is an important ratio as it will tell you how effectively Fortis Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

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

Above 15%-20% is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
1.9% Return on Equity means Fortis Inc generated $0.02 for each $1 the owners (shareholders) invested.

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

The MRQ is 1.9%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.8%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.9%	TTM	1.8%	+0.0%
TTM	1.8%	YOY	1.7%	+0.1%
TTM	1.8%	5Y	1.9%	0.0%
5Y	1.9%	10Y	1.8%	+0.1%

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

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

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

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Fortis Inc is 1.9%. This means Fortis Inc generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if Fortis Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Fortis Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Fortis Inc = 398,000
Shareholders equity (balance sheet) MRQ Fortis Inc = 21,505,000
398,000 / 21,505,000 = 0.02 or 1.9%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Fortis Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Fortis Inc is operating .

Measures how much profit Fortis Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
An Operating Margin of 28.4% means the company generated $0.28 for each $1 in revenue (before taxes).

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

The MRQ is 28.4%. The company is operating very efficient. +2
The TTM is 27.9%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	28.4%	TTM	27.9%	+0.5%
TTM	27.9%	YOY	24.9%	+3.0%
TTM	27.9%	5Y	27.8%	+0.1%
5Y	27.8%	10Y	26.3%	+1.6%

Measures how efficient Fortis Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Fortis Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Fortis Inc is 28.4%. This means that Fortis Inc earned $0.28 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Fortis Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Fortis Inc = 779,000
Total revenue MRQ Fortis Inc = 2,885,000
$779,000 / $2,885,000 = 0.28 or 28.4%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Fortis Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
An Operation Ratio of 0.73 means that the operating costs are $0.73 for each $1 in net sales.

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

The MRQ is 0.730. The company is efficient in keeping operating costs low. +1
The TTM is 0.731. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.730	TTM	0.731	-0.001
TTM	0.731	YOY	0.751	-0.020
TTM	0.731	5Y	0.732	0.000
5Y	0.732	10Y	0.745	-0.013

Measures how efficient Fortis Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

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

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Fortis Inc is 73.0%. This means that Fortis Inc earned $0.73 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Fortis Inc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(899,000 +1,207,000) \ 2,885,000 = 0.73

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Fortis Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
A Current Ratio of 0.67 means the company has $0.67 in assets for each $1 in short-term debts.

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

The MRQ is 0.675. The company is unable to pay all its short-term debts. -2
The TTM is 0.712. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.675	TTM	0.712	-0.037
TTM	0.712	YOY	0.635	+0.077
TTM	0.712	5Y	0.668	+0.044
5Y	0.668	10Y	0.678	-0.010

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

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Fortis Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Fortis Inc is 0.67. This means Fortis Inc has $0.67 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Fortis Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
4,025,000 \ 5,964,000) = 0.67

The current ratio measures if Fortis Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Fortis Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Fortis Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Fortis Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
A Quick Ratio of 0.38 means the company can pay off $0.38 for each $1 in debt (using most liquid assets).

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

The MRQ is 0.378. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.394. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.378	TTM	0.394	-0.016
TTM	0.394	YOY	0.370	+0.024
TTM	0.394	5Y	0.391	+0.002
5Y	0.391	10Y	0.409	-0.018

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Fortis Inc can pay off its short term debts. This shows if Fortis Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Fortis Inc is 0.38. This means that Fortis Inc can pay off $0.38 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Fortis Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Fortis Inc: (625,000 + 0 +1,627,000) / 5,964,000 = 0.38

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Fortis Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Fortis Inc to Utilities - Regulated Electric industry mean.
A Debt to Asset Ratio of 0.65 means that Fortis Inc assets are financed with 64.6% credit (debt) and the remaining percentage (100% - 64.6%) is financed by its owners/shareholders.

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

The MRQ is 0.646. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.643. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.646	TTM	0.643	+0.003
TTM	0.643	YOY	0.640	+0.003
TTM	0.643	5Y	0.637	+0.006
5Y	0.637	10Y	0.644	-0.007

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Fortis Inc to Utilities - Regulated Electric industry mean.
Can be very different between industries.
Can be used to compare companies.

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

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

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Fortis Inc is 0.65. This means means that Fortis Inc is financed with 64.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Fortis Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Fortis Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
42,588,000 \ 65,920,000 = 64.6% or 0.65.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

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

Below 2 is considered healthy but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
A Debt to Equity ratio of 198.0% means that company has $1.98 debt for each $1 in shareholders equity.

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

The MRQ is 1.980. The company is just able to pay all its debts with equity.
The TTM is 1.954. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	1.980	TTM	1.954	+0.026
TTM	1.954	YOY	1.932	+0.023
TTM	1.954	5Y	1.908	+0.046
5Y	1.908	10Y	1.972	-0.063

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

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Fortis Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Fortis Inc is 1.98. This means that Fortis Inc can pay off $1.98 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Fortis Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
42,588,000 \ 21,505,000 = 1.98 or 198.0%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Fortis Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Fortis Inc generates.

Above 15 is considered overpriced but always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
A PE ratio of 17.54 means the investor is paying $17.54 for every $1 in earnings.

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

The EOD is 16.008. Based on the earnings, the company is fair priced.
The MRQ is 17.539. Based on the earnings, the company is fair priced.
The TTM is 18.678. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	16.008	MRQ	17.539	-1.531
MRQ	17.539	TTM	18.678	-1.139
TTM	18.678	YOY	22.599	-3.921
TTM	18.678	5Y	21.547	-2.868
5Y	21.547	10Y	44.443	-22.896

Measures how much money you pay for each share for every $1 in earnings Fortis Inc generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Fortis Inc to the Utilities - Regulated Electric industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

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

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

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

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Fortis Inc is 17.54. This means the investor is paying $17.54 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Utilities - Regulated Electric industry is .
What is the trend?
The trend is important because it shows you how Fortis Inc is performing over time. The most recent quarter might be important if Fortis Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Fortis Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Fortis Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 489,277 = EPS
PE ratio MRQ = 17.54

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Fortis Inc:

The EOD is -12.642. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -13.850. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -135.333. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-12.642	MRQ	-13.850	+1.209
MRQ	-13.850	TTM	-135.333	+121.483
TTM	-135.333	YOY	-48.512	-86.821
TTM	-135.333	5Y	-70.883	-64.450
5Y	-70.883	10Y	-10.106	-60.777

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Utilities - Regulated Electric industry mean).
A PB ratio of 1.20 means the investor is paying $1.20 for each $1 in book value.

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

The EOD is 1.092. Based on the equity, the company is underpriced. +1
The MRQ is 1.197. Based on the equity, the company is underpriced. +1
The TTM is 1.201. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.092	MRQ	1.197	-0.104
MRQ	1.197	TTM	1.201	-0.005
TTM	1.201	YOY	1.346	-0.144
TTM	1.201	5Y	1.348	-0.147
5Y	1.348	10Y	1.617	-0.268

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Fortis Inc

Institutions are holding 58.19% of the shares of Fortis Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Royal Bank of Canada	6.5375	0.3095	32229986	515317	1.6249
2023-12-31	Bank of Montreal	5.5304	0.3402	27265003	800222	3.0237
2023-12-31	BMO Capital Markets Corp.	5.5304	0.3402	27265003	800222	3.0237
2023-12-31	Vanguard Group Inc	4.0247	0.0178	19842130	421120	2.1684
2023-12-31	Fidelity International Ltd	3.9508	0.8419	19477406	4924031	33.8343
2023-12-31	TD Asset Management Inc	2.7141	0.5439	13380619	2438223	22.2824
2023-12-31	The Toronto-Dominion Bank	2.0941	0.616	10323868	-15005422	-59.2414
2023-12-31	Beutel, Goodman & Company Ltd.	1.9313	2.0877	9521561	-6546	-0.0687
2023-12-31	1832 Asset Management L.P	1.8304	0.5345	9023715	-59507	-0.6551
2023-12-31	Mackenzie Investments	1.639	0.5016	8080594	561176	7.463
2023-12-31	Scotia Capital Inc	1.592	2.0773	7848435	124197	1.6079
2023-12-31	Bank of Nova Scotia	1.4691	0.5586	7242796	215897	3.0724
2023-12-31	Legal & General Group PLC	1.4063	0.0735	6932945	1522120	28.131
2023-12-31	CIBC World Markets Inc.	1.334	0.6865	6576689	-341063	-4.9303
2023-12-31	Connor Clark & Lunn Inv Mgmt Ltd	1.0772	1.0181	5310462	-801458	-13.113
2023-12-31	Goldman Sachs Group Inc	1.0766	0.0196	5307746	3472708	189.2445
2023-12-31	TD Waterhouse Canada Inc	0.7753	1.9647	3822333	132685	3.5961
2023-12-31	Public Sector Pension Investment Board	0.6892	1.047	3397746	-38580	-1.1227
2023-12-31	CIBC Global Asset Management Inc	0.6419	0.4878	3164690	50136	1.6097
2023-12-31	NORGES BANK	0.596	0.0211	2938267	336288	12.9243
Total		46.4403	14.0875	228951994	+61766	+0.0%

3.2. Funds holding Fortis Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Intl Stock Index Inv	1.3403	0.061	6607628	30044	0.4568
2024-02-29	Nordea 1 - Global Climate & Envir BI EUR	1.1028	2.235	5437100	-296600	-5.1729
2024-02-29	Vanguard Developed Markets Index Admiral	0.8053	0.0824	3969993	19434	0.4919
2023-12-31	RBC Canadian Dividend Fund A	0.7434	0.9977	3664836	0	0
2024-02-29	Scotia Canadian Dividend A	0.7302	1.3325	3599902	0	0
2024-02-29	Beutel Goodman Canadian Equity Class D	0.6562	2.5574	3235100	0	0
2024-02-29	Vanguard Instl Ttl Intl Stk Mkt Idx TrII	0.6498	0.0624	3203521	24530	0.7716
2023-12-31	Fidelity Canadian Large Cap Sr B	0.5679	2.1546	2800000	-155000	-5.2453
2024-02-29	BMO Dividend A	0.5414	1.6335	2669027	0	0
2024-03-29	iShares S&P/TSX 60 ETF	0.4881	1.0188	2406510	0	0
2024-02-29	BMO Low Volatility Canadian Equity ETF	0.376	2.7564	1853924	39693	2.1879
2024-03-29	iShares Core MSCI Canadian Qual Div ETF	0.3726	8.872	1837074	0	0
2024-03-29	iShares Core S&P/TSX Capped Compost ETF	0.3691	0.8252	1819868	0	0
2024-03-28	JPMorgan BetaBuilders Canada ETF	0.3543	0.9771	1746725	0	0
2023-12-31	TD Emerald Low Volatility Cdn Equity PFT	0.3526	3.5154	1738100	-7400	-0.4239
2024-02-29	BMO Covered Call Utilities ETF	0.3406	5.1121	1679099	26487	1.6027
2023-12-31	TD Tactical Monthly Income F	0.3329	0.9277	1641259	-178000	-9.7842
2023-12-31	Fidelity True North Cl F	0.3093	1.5424	1525000	275000	22
2023-12-31	Fidelity Canadian Disciplined Eq B	0.3069	1.3339	1512966	96476	6.8109
2023-12-31	Franklin Bissett Cdn Equity F	0.3039	3.5718	1498105	78825	5.5539
Total		11.0436	41.5693	54445737	-46511	-0.1%

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.315	0.180	-275%	0.709	-144%	0.359	-188%	0.624	-150%
Book Value Per Share	-	-	34.368	34.298	+0%	32.644	+5%	31.249	+10%	25.033	+37%
Current Ratio	-	-	0.675	0.712	-5%	0.635	+6%	0.668	+1%	0.678	0%
Debt To Asset Ratio	-	-	0.646	0.643	+0%	0.640	+1%	0.637	+1%	0.644	+0%
Debt To Equity Ratio	-	-	1.980	1.954	+1%	1.932	+3%	1.908	+4%	1.972	+0%
Dividend Per Share	-	-	0.296	0.283	+5%	0.271	+9%	0.264	+12%	0.204	+45%
Eps	-	-	0.586	0.567	+3%	0.490	+20%	0.513	+14%	0.357	+64%
Free Cash Flow Per Share	-	-	-0.742	-0.230	-69%	-0.291	-61%	-0.316	-57%	-0.245	-67%
Free Cash Flow To Equity Per Share	-	-	-0.940	-0.004	-100%	0.090	-1146%	-0.052	-94%	0.220	-528%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	-4.963	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-14.729	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.869	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-1.072	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-2.327	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-3.590	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-3.444	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-6.493	-	-	-	-	-	-	-	-
Market Cap	18507407399.680	-10%	20277295320.960	20304410595.520	0%	21544318150.400	-6%	20665783254.656	-2%	18189929440.007	+11%
Net Profit Margin	-	-	0.138	0.136	+1%	0.126	+9%	0.149	-7%	0.129	+7%
Operating Margin	-	-	0.284	0.279	+2%	0.249	+14%	0.278	+2%	0.263	+8%
Operating Ratio	-	-	0.730	0.731	0%	0.751	-3%	0.732	0%	0.745	-2%
Pb Ratio	1.092	-10%	1.197	1.201	0%	1.346	-11%	1.348	-11%	1.617	-26%
Pe Ratio	16.008	-10%	17.539	18.678	-6%	22.599	-22%	21.547	-19%	44.443	-61%
Price Per Share	37.540	-10%	41.130	41.185	0%	43.700	-6%	41.918	-2%	36.896	+11%
Price To Free Cash Flow Ratio	-12.642	+9%	-13.850	-135.333	+877%	-48.512	+250%	-70.883	+412%	-10.106	-27%
Price To Total Gains Ratio	-1960.406	+9%	-2147.882	-482.731	-78%	123.025	-1846%	-203.185	-91%	-124.137	-94%
Quick Ratio	-	-	0.378	0.394	-4%	0.370	+2%	0.391	-4%	0.409	-8%
Return On Assets	-	-	0.006	0.006	+0%	0.006	+7%	0.006	-3%	0.006	+2%
Return On Equity	-	-	0.019	0.018	+1%	0.017	+8%	0.019	-1%	0.018	+3%
Total Gains Per Share	-	-	-0.019	0.463	-104%	0.981	-102%	0.623	-103%	0.829	-102%
Usd Book Value	-	-	16943698400.000	16909203900.000	+0%	16093862850.000	+5%	15405824660.000	+10%	12341188040.000	+37%
Usd Book Value Change Per Share	-	-	-0.315	0.180	-275%	0.709	-144%	0.359	-188%	0.624	-150%
Usd Book Value Per Share	-	-	34.368	34.298	+0%	32.644	+5%	31.249	+10%	25.033	+37%
Usd Dividend Per Share	-	-	0.296	0.283	+5%	0.271	+9%	0.264	+12%	0.204	+45%
Usd Eps	-	-	0.586	0.567	+3%	0.490	+20%	0.513	+14%	0.357	+64%
Usd Free Cash Flow	-	-	-366004800.000	-113287200.000	-69%	-143606050.000	-61%	-155733590.000	-57%	-120930455.000	-67%
Usd Free Cash Flow Per Share	-	-	-0.742	-0.230	-69%	-0.291	-61%	-0.316	-57%	-0.245	-67%
Usd Free Cash Flow To Equity Per Share	-	-	-0.940	-0.004	-100%	0.090	-1146%	-0.052	-94%	0.220	-528%
Usd Market Cap	18507407399.680	-10%	20277295320.960	20304410595.520	0%	21544318150.400	-6%	20665783254.656	-2%	18189929440.007	+11%
Usd Price Per Share	37.540	-10%	41.130	41.185	0%	43.700	-6%	41.918	-2%	36.896	+11%
Usd Profit	-	-	289027600.000	285578150.000	+1%	253080700.000	+14%	263501670.000	+10%	205060725.000	+41%
Usd Revenue	-	-	2095087000.000	2090911350.000	+0%	2004856650.000	+5%	1805551060.000	+16%	1550128365.000	+35%
Usd Total Gains Per Share	-	-	-0.019	0.463	-104%	0.981	-102%	0.623	-103%	0.829	-102%
	EOD	+4 -4	MRQ	TTM	+17 -18	YOY	+19 -16	5Y	+15 -20	10Y	+20 -15

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	16.008
Price to Book Ratio (EOD)	Between	0-1	1.092
Net Profit Margin (MRQ)	Greater than	0	0.138
Operating Margin (MRQ)	Greater than	0	0.284
Quick Ratio (MRQ)	Greater than	1	0.378
Current Ratio (MRQ)	Greater than	1	0.675
Debt to Asset Ratio (MRQ)	Less than	1	0.646
Debt to Equity Ratio (MRQ)	Less than	1	1.980
Return on Equity (MRQ)	Greater than	0.15	0.019
Return on Assets (MRQ)	Greater than	0.05	0.006
Total			3/10 (30.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	30.463
Ma 20	Greater than	Ma 50	39.025
Ma 50	Greater than	Ma 100	39.127
Ma 100	Greater than	Ma 200	39.690
Open	Greater than	Close	37.910
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Latest Balance Sheet

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

Summary

Total Assets	65,920,000
Total Liabilities	42,588,000
Total Stockholder Equity	21,505,000

	As reported
Total Liabilities	42,588,000
Total Stockholder Equity	+ 21,505,000
Total Assets	= 65,920,000

Assets

Total Assets	65,920,000
Total Current Assets	4,025,000
Long-term Assets	61,895,000

Total Current Assets

Total Current Assets (as reported)	4,025,000
Cash And Cash Equivalents	625,000
Net Receivables	1,627,000
Inventory	566,000
Other Current Assets	1,057,000
Total Current Assets (calculated)	3,875,000
+/-	150,000

Long-term Assets

Long-term Assets (as reported)	61,895,000
Property Plant Equipment	43,436,000
Goodwill	12,184,000
Long Term Investments	370,000
Intangible Assets	1,510,000
Long-term Assets Other	340,000
Long-term Assets (calculated)	57,840,000
+/-	4,055,000

Liabilities & Shareholders' Equity

Total Current Liabilities	5,964,000
Long-term Liabilities	36,624,000
Total Stockholder Equity	21,505,000

Total Current Liabilities

Total Current Liabilities (as reported)	5,964,000
Short-term Debt	2,415,000
Short Long Term Debt	2,415,000
Accounts payable	990,000
Other Current Liabilities	2,296,000
Total Current Liabilities (calculated)	8,116,000
+/-	2,152,000

Long-term Liabilities

Long-term Liabilities (as reported)	36,624,000
Long term Debt	27,235,000
Capital Lease Obligations	378,000
Long-term Liabilities Other	65,000
Long-term Liabilities (calculated)	27,678,000
+/-	8,946,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	21,505,000
Common Stock	15,108,000
Retained Earnings	4,112,000
Accumulated Other Comprehensive Income	653,000
Other Stockholders Equity	9,000
Total Stockholder Equity (calculated)	19,882,000
+/-	1,623,000

Other

Capital Stock	16,731,000
Cash and Short Term Investments	625,000
Common Stock Shares Outstanding	489,277
Current Deferred Revenue	263,000
Liabilities and Stockholders Equity	65,920,000
Net Debt	29,403,000
Net Invested Capital	49,532,000
Net Working Capital	-1,939,000
Property Plant and Equipment Gross	58,374,000
Short Long Term Debt Total	30,028,000

Balance Sheet

Currency in CAD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

> Total Assets

1,009,456
1,001,225
995,047
1,017,396
1,029,615
1,007,714
1,005,040
1,037,192
1,028,929
1,025,710
1,049,035
1,243,608
1,329,304
1,322,179
1,336,324
1,478,596
1,601,247
1,517,640
1,562,882
1,624,752
1,682,907
1,760,035
1,861,116
1,986,999
2,079,725
2,067,188
2,152,866
2,210,581
2,213,620
3,879,906
3,726,398
3,837,996
3,999,522
4,089,340
4,110,231
4,316,191
4,375,919
4,380,987
4,606,963
5,447,441
5,499,400
9,831,100
10,006,000
10,273,000
10,376,000
10,529,000
10,637,000
11,178,000
11,848,000
11,737,000
11,727,000
12,160,000
12,260,000
12,329,000
12,508,000
12,903,000
12,977,000
13,177,000
13,255,000
13,562,000
14,294,000
14,431,000
14,438,000
14,950,000
15,155,000
17,633,000
17,570,000
17,908,000
18,590,000
18,586,000
26,740,000
26,628,000
27,986,000
28,069,000
28,637,000
28,804,000
28,016,000
28,623,000
29,191,000
47,904,000
48,049,000
47,581,000
46,845,000
47,822,000
49,083,000
50,249,000
50,244,000
53,051,000
52,805,000
51,699,000
52,800,000
53,404,000
57,019,000
56,205,000
56,410,000
55,481,000
55,614,000
55,895,000
57,137,000
57,659,000
58,202,000
59,954,000
64,084,000
64,252,000
64,630,000
64,081,000
66,285,000
65,920,000

65,920,000

66,285,000

64,081,000

64,630,000

64,252,000

64,084,000

59,954,000

58,202,000

57,659,000

57,137,000

55,895,000

55,614,000

55,481,000

56,410,000

56,205,000

57,019,000

53,404,000

52,800,000

51,699,000

52,805,000

53,051,000

50,244,000

50,249,000

49,083,000

47,822,000

46,845,000

47,581,000

48,049,000

47,904,000

29,191,000

28,623,000

28,016,000

28,804,000

28,637,000

28,069,000

27,986,000

26,628,000

26,740,000

18,586,000

18,590,000

17,908,000

17,570,000

17,633,000

15,155,000

14,950,000

14,438,000

14,431,000

14,294,000

13,562,000

13,255,000

13,177,000

12,977,000

12,903,000

12,508,000

12,329,000

12,260,000

12,160,000

11,727,000

11,737,000

11,848,000

11,178,000

10,637,000

10,529,000

10,376,000

10,273,000

10,006,000

9,831,100

5,499,400

5,447,441

4,606,963

4,380,987

4,375,919

4,316,191

4,110,231

4,089,340

3,999,522

3,837,996

3,726,398

3,879,906

2,213,620

2,210,581

2,152,866

2,067,188

2,079,725

1,986,999

1,861,116

1,760,035

1,682,907

1,624,752

1,562,882

1,517,640

1,601,247

1,478,596

1,336,324

1,322,179

1,329,304

1,243,608

1,049,035

1,025,710

1,028,929

1,037,192

1,005,040

1,007,714

1,029,615

1,017,396

995,047

1,001,225

1,009,456

> Total Current Assets

81,817
71,318
61,354
78,603
89,906
65,258
58,510
84,812
70,392
65,363
61,948
92,862
97,197
86,028
85,331
111,963
117,935
120,595
97,132
134,935
147,322
186,748
175,578
180,122
210,055
193,627
227,140
211,815
202,825
276,902
216,176
256,536
303,490
262,283
248,210
312,693
315,899
288,798
345,114
409,139
412,729
894,900
960,600
1,064,000
1,051,000
1,087,000
993,000
1,150,000
1,201,000
986,000
918,000
1,126,000
1,170,000
1,020,000
1,053,000
1,204,000
1,109,000
1,235,000
1,063,000
1,120,000
1,100,000
1,027,000
869,000
1,093,000
1,087,000
1,237,000
1,083,000
1,296,000
1,714,000
1,576,000
3,243,000
1,963,000
2,068,000
2,760,000
2,337,000
1,857,000
1,707,000
1,694,000
1,785,000
2,166,000
2,152,000
2,063,000
2,075,000
2,207,000
2,238,000
2,069,000
2,133,000
3,261,000
3,225,000
2,125,000
2,202,000
2,574,000
2,472,000
2,481,000
2,750,000
2,612,000
2,770,000
3,031,000
2,918,000
2,728,000
3,076,000
3,183,000
3,827,000
4,269,000
4,161,000
4,257,000
4,522,000
4,025,000

4,025,000

4,522,000

4,257,000

4,161,000

4,269,000

3,827,000

3,183,000

3,076,000

2,728,000

2,918,000

3,031,000

2,770,000

2,612,000

2,750,000

2,481,000

2,472,000

2,574,000

2,202,000

2,125,000

3,225,000

3,261,000

2,133,000

2,069,000

2,238,000

2,207,000

2,075,000

2,063,000

2,152,000

2,166,000

1,785,000

1,694,000

1,707,000

1,857,000

2,337,000

2,760,000

2,068,000

1,963,000

3,243,000

1,576,000

1,714,000

1,296,000

1,083,000

1,237,000

1,087,000

1,093,000

869,000

1,027,000

1,100,000

1,120,000

1,063,000

1,235,000

1,109,000

1,204,000

1,053,000

1,020,000

1,170,000

1,126,000

918,000

986,000

1,201,000

1,150,000

993,000

1,087,000

1,051,000

1,064,000

960,600

894,900

412,729

409,139

345,114

288,798

315,899

312,693

248,210

262,283

303,490

256,536

216,176

276,902

202,825

211,815

227,140

193,627

210,055

180,122

175,578

186,748

147,322

134,935

97,132

120,595

117,935

111,963

85,331

86,028

97,197

92,862

61,948

65,363

70,392

84,812

58,510

65,258

89,906

78,603

61,354

71,318

81,817

Cash And Cash Equivalents

11,109
8,505
10,155
11,823
15,376
7,797
9,121
6,961
4,334
4,051
9,073
11,291
11,032
7,008
10,777
18,432
12,799
17,613
12,171
14,285
16,091
64,031
37,805
26,258
28,165
34,222
79,150
65,094
44,809
51,112
40,051
37,203
64,204
26,847
18,622
33,416
21,523
27,365
61,394
40,921
43,223
63,500
50,700
58,000
67,000
59,000
68,000
66,000
94,000
137,000
106,000
85,000
92,000
71,000
64,000
109,000
86,000
298,000
108,000
89,000
110,000
231,000
147,000
154,000
168,000
267,000
155,000
72,000
528,000
612,000
458,000
230,000
299,000
797,000
347,000
242,000
232,000
296,000
301,000
269,000
298,000
231,000
252,000
327,000
333,000
197,000
195,000
332,000
233,000
191,000
228,000
370,000
272,000
380,000
494,000
249,000
317,000
599,000
225,000
131,000
365,000
338,000
395,000
209,000
576,000
690,000
765,000
625,000

625,000

765,000

690,000

576,000

209,000

395,000

338,000

365,000

131,000

225,000

599,000

317,000

249,000

494,000

380,000

272,000

370,000

228,000

191,000

233,000

332,000

195,000

197,000

333,000

327,000

252,000

231,000

298,000

269,000

301,000

296,000

232,000

242,000

347,000

797,000

299,000

230,000

458,000

612,000

528,000

72,000

155,000

267,000

168,000

154,000

147,000

231,000

110,000

89,000

108,000

298,000

86,000

109,000

64,000

71,000

92,000

85,000

106,000

137,000

94,000

66,000

68,000

59,000

67,000

58,000

50,700

63,500

43,223

40,921

61,394

27,365

21,523

33,416

18,622

26,847

64,204

37,203

40,051

51,112

44,809

65,094

79,150

34,222

28,165

26,258

37,805

64,031

16,091

14,285

12,171

17,613

12,799

18,432

10,777

7,008

11,032

11,291

9,073

4,051

4,334

6,961

9,121

7,797

15,376

11,823

10,155

8,505

11,109

Net Receivables

0
0
0
58,186
0
0
0
70,455
0
0
0
64,345
68,948
61,345
57,284
76,800
86,561
81,111
67,377
102,156
114,229
106,204
121,735
136,072
164,091
142,221
131,011
130,251
141,074
158,274
147,666
169,649
189,967
183,424
183,885
204,169
214,232
194,473
207,306
285,619
268,588
471,100
423,200
635,000
792,000
736,000
458,000
681,000
735,000
449,000
357,000
595,000
604,000
517,000
443,000
655,000
700,000
589,000
469,000
644,000
696,000
509,000
410,000
536,000
675,000
591,000
523,000
682,000
865,000
628,000
1,983,000
838,000
945,000
814,000
796,000
855,000
877,000
834,000
837,000
1,051,000
1,133,000
1,106,000
1,047,000
1,044,000
1,026,000
979,000
991,000
1,171,000
1,452,000
1,170,000
1,118,000
1,105,000
1,308,000
1,229,000
1,232,000
1,174,000
1,408,000
1,370,000
1,436,000
1,269,000
1,693,000
1,657,000
1,808,000
1,759,000
1,876,000
1,580,000
1,648,000
1,627,000

1,627,000

1,648,000

1,580,000

1,876,000

1,759,000

1,808,000

1,657,000

1,693,000

1,269,000

1,436,000

1,370,000

1,408,000

1,174,000

1,232,000

1,229,000

1,308,000

1,105,000

1,118,000

1,170,000

1,452,000

1,171,000

991,000

979,000

1,026,000

1,044,000

1,047,000

1,106,000

1,133,000

1,051,000

837,000

834,000

877,000

855,000

796,000

814,000

945,000

838,000

1,983,000

628,000

865,000

682,000

523,000

591,000

675,000

536,000

410,000

509,000

696,000

644,000

469,000

589,000

700,000

655,000

443,000

517,000

604,000

595,000

357,000

449,000

735,000

681,000

458,000

736,000

792,000

635,000

423,200

471,100

268,588

285,619

207,306

194,473

214,232

204,169

183,885

183,424

189,967

169,649

147,666

158,274

141,074

130,251

131,011

142,221

164,091

136,072

121,735

106,204

114,229

102,156

67,377

81,111

86,561

76,800

57,284

61,345

68,948

64,345

70,455

58,186

Other Current Assets

70,708
62,813
51,199
2,221
74,530
57,461
49,389
0
66,058
61,312
52,875
0
0
0
0
0
0
6,425
484
321
321
321
0
0
0
0
0
0
0
38,688
0
19,449
19,507
21,572
16,898
43,075
43,848
45,169
50,791
49,924
68,805
182,300
208,300
138,000
20,000
100,000
159,000
174,000
232,000
217,000
196,000
223,000
304,000
256,000
299,000
241,000
201,000
196,000
241,000
210,000
168,000
122,000
98,000
236,000
129,000
178,000
146,000
200,000
179,000
147,000
225,000
357,000
279,000
253,000
235,000
317,000
247,000
201,000
209,000
389,000
325,000
306,000
270,000
390,000
478,000
485,000
469,000
510,000
330,000
333,000
348,000
617,000
417,000
395,000
436,000
665,000
547,000
570,000
568,000
734,000
500,000
559,000
739,000
1,494,000
995,000
730,000
745,000
1,057,000

1,057,000

745,000

730,000

995,000

1,494,000

739,000

559,000

500,000

734,000

568,000

570,000

547,000

665,000

436,000

395,000

417,000

617,000

348,000

333,000

330,000

510,000

469,000

485,000

478,000

390,000

270,000

306,000

325,000

389,000

209,000

201,000

247,000

317,000

235,000

253,000

279,000

357,000

225,000

147,000

179,000

200,000

146,000

178,000

129,000

236,000

98,000

122,000

168,000

210,000

241,000

196,000

201,000

241,000

299,000

256,000

304,000

223,000

196,000

217,000

232,000

174,000

159,000

100,000

20,000

138,000

208,300

182,300

68,805

49,924

50,791

45,169

43,848

43,075

16,898

21,572

19,507

19,449

38,688

321

484

6,425

52,875

61,312

66,058

49,389

57,461

74,530

2,221

51,199

62,813

70,708

> Long-term Assets

927,639
929,907
933,693
938,793
939,709
942,456
946,530
952,380
958,537
960,347
987,087
1,150,746
1,232,107
1,236,151
1,250,993
1,366,633
1,483,312
1,397,045
1,465,750
1,489,817
1,535,585
1,573,287
1,685,538
1,806,877
1,869,670
1,873,561
1,925,726
1,998,766
2,010,795
3,603,004
3,510,222
3,581,460
3,696,032
3,827,057
3,862,021
4,003,498
4,060,020
4,092,189
4,261,849
5,038,302
5,086,671
8,936,200
9,045,400
9,209,000
9,325,000
9,442,000
9,644,000
10,028,000
10,647,000
10,751,000
10,809,000
11,034,000
11,090,000
11,309,000
11,455,000
11,699,000
11,868,000
11,942,000
12,192,000
12,442,000
13,194,000
13,404,000
13,569,000
13,857,000
14,068,000
16,396,000
16,487,000
16,612,000
16,876,000
17,010,000
23,497,000
24,665,000
25,918,000
25,309,000
26,300,000
26,947,000
26,309,000
26,929,000
27,406,000
45,738,000
45,897,000
45,518,000
44,770,000
45,615,000
46,845,000
48,180,000
48,111,000
49,790,000
49,580,000
49,574,000
50,598,000
50,830,000
54,547,000
53,724,000
53,660,000
52,869,000
52,844,000
52,864,000
54,219,000
54,931,000
55,126,000
56,771,000
60,257,000
59,983,000
60,469,000
59,824,000
61,763,000
61,895,000

61,895,000

61,763,000

59,824,000

60,469,000

59,983,000

60,257,000

56,771,000

55,126,000

54,931,000

54,219,000

52,864,000

52,844,000

52,869,000

53,660,000

53,724,000

54,547,000

50,830,000

50,598,000

49,574,000

49,580,000

49,790,000

48,111,000

48,180,000

46,845,000

45,615,000

44,770,000

45,518,000

45,897,000

45,738,000

27,406,000

26,929,000

26,309,000

26,947,000

26,300,000

25,309,000

25,918,000

24,665,000

23,497,000

17,010,000

16,876,000

16,612,000

16,487,000

16,396,000

14,068,000

13,857,000

13,569,000

13,404,000

13,194,000

12,442,000

12,192,000

11,942,000

11,868,000

11,699,000

11,455,000

11,309,000

11,090,000

11,034,000

10,809,000

10,751,000

10,647,000

10,028,000

9,644,000

9,442,000

9,325,000

9,209,000

9,045,400

8,936,200

5,086,671

5,038,302

4,261,849

4,092,189

4,060,020

4,003,498

3,862,021

3,827,057

3,696,032

3,581,460

3,510,222

3,603,004

2,010,795

1,998,766

1,925,726

1,873,561

1,869,670

1,806,877

1,685,538

1,573,287

1,535,585

1,489,817

1,465,750

1,397,045

1,483,312

1,366,633

1,250,993

1,236,151

1,232,107

1,150,746

987,087

960,347

958,537

952,380

946,530

942,456

939,709

938,793

933,693

929,907

927,639

Property Plant Equipment

770,740
772,339
774,781
778,348
778,083
780,340
785,731
789,627
793,549
798,028
824,617
989,748
989,570
1,001,045
1,011,983
1,114,411
1,222,837
1,193,432
1,260,274
1,284,595
1,314,030
1,345,853
1,411,058
1,506,289
1,499,502
1,501,151
1,539,334
1,609,477
1,619,919
2,720,305
2,625,118
2,688,136
2,795,153
2,862,687
2,906,850
3,020,669
3,072,012
3,138,162
3,250,114
468,984
468,460
6,940,200
7,074,700
7,241,000
7,351,000
7,481,000
7,124,000
7,908,000
7,845,000
7,977,000
8,053,000
8,246,000
8,304,000
8,499,000
8,607,000
8,762,000
8,907,000
8,843,000
9,053,000
8,687,000
9,064,000
9,834,000
9,978,000
10,249,000
10,414,000
11,923,000
12,005,000
12,267,000
12,424,000
12,508,000
16,929,000
17,816,000
18,675,000
18,122,000
18,933,000
19,595,000
19,181,000
19,772,000
20,205,000
29,337,000
29,598,000
29,419,000
29,067,000
29,668,000
30,506,000
31,559,000
31,727,000
32,654,000
32,593,000
32,752,000
33,598,000
34,034,000
36,507,000
36,105,000
36,250,000
36,038,000
36,069,000
36,230,000
37,240,000
37,856,000
37,989,000
39,113,000
41,549,000
41,706,000
42,194,000
41,777,000
43,220,000
43,436,000

43,436,000

43,220,000

41,777,000

42,194,000

41,706,000

41,549,000

39,113,000

37,989,000

37,856,000

37,240,000

36,230,000

36,069,000

36,038,000

36,250,000

36,105,000

36,507,000

34,034,000

33,598,000

32,752,000

32,593,000

32,654,000

31,727,000

31,559,000

30,506,000

29,668,000

29,067,000

29,419,000

29,598,000

29,337,000

20,205,000

19,772,000

19,181,000

19,595,000

18,933,000

18,122,000

18,675,000

17,816,000

16,929,000

12,508,000

12,424,000

12,267,000

12,005,000

11,923,000

10,414,000

10,249,000

9,978,000

9,834,000

9,064,000

8,687,000

9,053,000

8,843,000

8,907,000

8,762,000

8,607,000

8,499,000

8,304,000

8,246,000

8,053,000

7,977,000

7,845,000

7,908,000

7,124,000

7,481,000

7,351,000

7,241,000

7,074,700

6,940,200

468,460

468,984

3,250,114

3,138,162

3,072,012

3,020,669

2,906,850

2,862,687

2,795,153

2,688,136

2,625,118

2,720,305

1,619,919

1,609,477

1,539,334

1,501,151

1,499,502

1,506,289

1,411,058

1,345,853

1,314,030

1,284,595

1,260,274

1,193,432

1,222,837

1,114,411

1,011,983

1,001,045

989,570

989,748

824,617

798,028

793,549

789,627

785,731

780,340

778,083

778,348

774,781

772,339

770,740

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,240
0
0
0
20,627
20,548
21,658
35,210
37,944
40,647
48,582
48,370
50,451
49,962
386,638
407,290
427,299
425,073
420,421
440,683
439,227
438,363
458,413
493,729
567,211
569,054
1,470,655
1,557,842
1,549,112
1,509,599
1,517,971
1,464,537
1,294,379
1,587,000
1,573,000
1,563,000
1,560,000
1,555,000
1,562,000
1,557,000
1,553,000
1,549,000
1,548,000
1,560,000
1,557,000
1,563,000
1,570,000
1,566,000
1,568,000
1,585,000
2,077,000
2,064,000
2,075,000
2,097,000
2,074,000
3,652,000
3,732,000
3,942,000
3,908,000
4,075,000
4,173,000
4,005,000
4,018,000
4,058,000
12,364,000
12,261,000
11,991,000
11,588,000
11,644,000
11,927,000
12,150,000
11,939,000
12,530,000
12,298,000
12,092,000
12,210,000
12,004,000
12,876,000
12,482,000
12,273,000
11,792,000
11,659,000
11,526,000
11,755,000
11,720,000
11,613,000
11,911,000
12,687,000
12,464,000
12,433,000
12,183,000
12,455,000
12,184,000

12,184,000

12,455,000

12,183,000

12,433,000

12,464,000

12,687,000

11,911,000

11,613,000

11,720,000

11,755,000

11,526,000

11,659,000

11,792,000

12,273,000

12,482,000

12,876,000

12,004,000

12,210,000

12,092,000

12,298,000

12,530,000

11,939,000

12,150,000

11,927,000

11,644,000

11,588,000

11,991,000

12,261,000

12,364,000

4,058,000

4,018,000

4,005,000

4,173,000

4,075,000

3,908,000

3,942,000

3,732,000

3,652,000

2,074,000

2,097,000

2,075,000

2,064,000

2,077,000

1,585,000

1,568,000

1,566,000

1,570,000

1,563,000

1,557,000

1,560,000

1,548,000

1,549,000

1,553,000

1,557,000

1,562,000

1,555,000

1,560,000

1,563,000

1,573,000

1,587,000

1,294,379

1,464,537

1,517,971

1,509,599

1,549,112

1,557,842

1,470,655

569,054

567,211

493,729

458,413

438,363

439,227

440,683

420,421

425,073

427,299

407,290

386,638

49,962

50,451

48,370

48,582

40,647

37,944

35,210

21,658

20,548

20,627

24,240

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
111,080
0
0
0
110,145
0
0
0
90,311
0
0
0
75,904
53,331
65,561
63,954
98,844
63,502
65,221
65,564
23,779
4,245
4,626
4,407
126,000
0
0
0
158,000
0
0
0
178,000
0
0
0
316,000
0
0
0
370,000

370,000

316,000

178,000

158,000

126,000

4,407

4,626

4,245

23,779

65,564

65,221

63,502

98,844

63,954

65,561

53,331

75,904

90,311

110,145

111,080

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,240
0
0
0
20,627
20,548
21,658
35,210
54,363
57,610
66,387
65,623
67,520
66,162
401,864
422,642
442,640
439,572
433,977
454,173
451,257
449,468
469,085
503,472
575,633
576,633
1,477,944
1,564,599
1,564,162
1,522,269
1,529,723
1,473,931
1,301,775
262,000
260,000
264,000
279,000
276,000
272,000
270,000
324,000
325,000
327,000
332,000
341,000
324,000
324,000
322,000
325,000
319,000
361,000
356,000
345,000
340,000
340,000
458,000
488,000
508,000
523,000
546,000
541,000
528,000
539,000
549,000
1,011,000
1,015,000
1,040,000
1,051,000
1,081,000
1,105,000
1,165,000
1,165,000
1,200,000
1,178,000
1,156,000
1,222,000
1,260,000
1,356,000
1,341,000
1,332,000
1,291,000
1,281,000
1,274,000
1,303,000
1,343,000
1,345,000
1,394,000
1,477,000
1,548,000
1,511,000
1,492,000
1,515,000
1,510,000

1,510,000

1,515,000

1,492,000

1,511,000

1,548,000

1,477,000

1,394,000

1,345,000

1,343,000

1,303,000

1,274,000

1,281,000

1,291,000

1,332,000

1,341,000

1,356,000

1,260,000

1,222,000

1,156,000

1,178,000

1,200,000

1,165,000

1,105,000

1,081,000

1,051,000

1,040,000

1,015,000

1,011,000

549,000

539,000

528,000

541,000

546,000

523,000

508,000

488,000

458,000

340,000

345,000

356,000

361,000

319,000

325,000

322,000

324,000

341,000

332,000

327,000

325,000

324,000

270,000

272,000

276,000

279,000

264,000

260,000

262,000

1,301,775

1,473,931

1,529,723

1,522,269

1,564,162

1,564,599

1,477,944

576,633

575,633

503,472

469,085

449,468

451,257

454,173

433,977

439,572

442,640

422,642

401,864

66,162

67,520

65,623

66,387

57,610

54,363

35,210

21,658

20,548

20,627

24,240

Long-term Assets Other

109,858
111,259
113,335
115,600
117,514
118,736
118,152
120,837
123,805
121,868
122,751
122,011
204,283
197,584
202,220
216,058
225,044
168,977
171,869
172,384
188,717
194,596
218,606
215,091
285,591
282,994
297,617
301,715
304,223
347,014
351,687
360,828
369,304
432,531
426,832
456,663
462,894
429,965
450,011
3,898,188
3,951,162
434,700
419,400
409,000
412,000
399,000
951,000
2,120,000
902,000
902,000
900,000
780,000
934,000
953,000
999,000
1,044,000
1,077,000
1,211,000
1,229,000
1,849,000
2,243,000
1,670,000
1,702,000
120,000
1,750,000
238,000
233,000
1,908,000
287,000
290,000
411,000
2,555,000
361,000
391,000
354,000
93,000
2,595,000
2,600,000
2,594,000
136,000
3,023,000
3,068,000
3,064,000
171,000
3,307,000
3,306,000
3,280,000
204,000
3,511,000
3,574,000
3,568,000
210,000
3,808,000
3,796,000
3,805,000
215,000
3,835,000
3,834,000
3,921,000
231,000
4,179,000
4,353,000
4,544,000
2,328,000
4,331,000
4,372,000
4,573,000
340,000

340,000

4,573,000

4,372,000

4,331,000

2,328,000

4,544,000

4,353,000

4,179,000

231,000

3,921,000

3,834,000

3,835,000

215,000

3,805,000

3,796,000

3,808,000

210,000

3,568,000

3,574,000

3,511,000

204,000

3,280,000

3,306,000

3,307,000

171,000

3,064,000

3,068,000

3,023,000

136,000

2,594,000

2,600,000

2,595,000

93,000

354,000

391,000

361,000

2,555,000

411,000

290,000

287,000

1,908,000

233,000

238,000

1,750,000

120,000

1,702,000

1,670,000

2,243,000

1,849,000

1,229,000

1,211,000

1,077,000

1,044,000

999,000

953,000

934,000

780,000

900,000

902,000

2,120,000

951,000

399,000

412,000

409,000

419,400

434,700

3,951,162

3,898,188

450,011

429,965

462,894

456,663

426,832

432,531

369,304

360,828

351,687

347,014

304,223

301,715

297,617

282,994

285,591

215,091

218,606

194,596

188,717

172,384

171,869

168,977

225,044

216,058

202,220

197,584

204,283

122,011

122,751

121,868

123,805

120,837

118,152

118,736

117,514

115,600

113,335

111,259

109,858

> Total Liabilities

682,914
668,427
659,398
682,423
686,846
662,498
660,149
690,085
675,568
669,101
692,348
869,361
948,382
934,756
947,022
1,034,954
1,143,641
1,053,536
1,084,146
1,139,688
1,184,868
1,161,846
1,243,371
1,362,591
1,449,201
1,308,139
1,382,023
1,436,154
1,375,769
2,692,351
2,382,706
2,480,867
2,486,651
2,549,309
2,548,372
2,743,731
2,778,974
2,752,757
2,831,946
3,599,342
3,496,723
7,041,500
7,218,900
7,435,000
7,462,000
7,398,000
7,469,000
7,640,000
8,385,000
8,133,000
8,156,000
8,497,000
8,338,000
8,364,000
8,539,000
8,844,000
8,813,000
8,669,000
8,649,000
8,885,000
9,235,000
9,315,000
9,305,000
9,540,000
9,600,000
11,470,000
11,298,000
11,532,000
12,058,000
12,068,000
19,549,000
17,516,000
18,409,000
18,322,000
18,529,000
18,451,000
17,833,000
18,297,000
19,055,000
31,454,000
30,987,000
30,437,000
29,954,000
31,073,000
31,807,000
32,385,000
32,437,000
34,595,000
34,385,000
32,885,000
33,834,000
33,291,000
35,600,000
35,022,000
35,658,000
35,197,000
35,268,000
35,373,000
36,371,000
36,743,000
37,208,000
38,094,000
41,133,000
41,410,000
41,547,000
40,904,000
42,739,000
42,588,000

42,588,000

42,739,000

40,904,000

41,547,000

41,410,000

41,133,000

38,094,000

37,208,000

36,743,000

36,371,000

35,373,000

35,268,000

35,197,000

35,658,000

35,022,000

35,600,000

33,291,000

33,834,000

32,885,000

34,385,000

34,595,000

32,437,000

32,385,000

31,807,000

31,073,000

29,954,000

30,437,000

30,987,000

31,454,000

19,055,000

18,297,000

17,833,000

18,451,000

18,529,000

18,322,000

18,409,000

17,516,000

19,549,000

12,068,000

12,058,000

11,532,000

11,298,000

11,470,000

9,600,000

9,540,000

9,305,000

9,315,000

9,235,000

8,885,000

8,649,000

8,669,000

8,813,000

8,844,000

8,539,000

8,364,000

8,338,000

8,497,000

8,156,000

8,133,000

8,385,000

7,640,000

7,469,000

7,398,000

7,462,000

7,435,000

7,218,900

7,041,500

3,496,723

3,599,342

2,831,946

2,752,757

2,778,974

2,743,731

2,548,372

2,549,309

2,486,651

2,480,867

2,382,706

2,692,351

1,375,769

1,436,154

1,382,023

1,308,139

1,449,201

1,362,591

1,243,371

1,161,846

1,184,868

1,139,688

1,084,146

1,053,536

1,143,641

1,034,954

947,022

934,756

948,382

869,361

692,348

669,101

675,568

690,085

660,149

662,498

686,846

682,423

659,398

668,427

682,914

> Total Current Liabilities

157,615
143,467
185,143
172,158
174,764
154,507
152,622
140,780
122,279
117,970
128,209
229,569
311,423
285,544
297,139
208,101
313,298
252,467
294,624
273,313
300,070
249,742
260,406
334,467
435,625
285,771
266,061
297,277
240,820
1,365,291
1,157,703
537,629
516,477
450,887
385,714
423,298
409,326
386,825
420,313
565,254
514,012
1,621,100
1,466,800
1,804,000
1,827,000
1,659,000
1,645,000
1,697,000
1,568,000
1,299,000
1,288,000
1,594,000
1,581,000
1,308,000
1,443,000
1,517,000
1,445,000
1,495,000
1,329,000
1,320,000
1,288,000
1,125,000
1,126,000
1,308,000
1,181,000
1,393,000
1,451,000
2,084,000
2,542,000
2,484,000
4,175,000
2,684,000
2,710,000
2,710,000
2,600,000
2,638,000
2,491,000
2,147,000
2,318,000
3,944,000
4,156,000
4,080,000
3,962,000
3,504,000
3,526,000
3,508,000
3,601,000
4,252,000
4,588,000
3,418,000
3,922,000
4,176,000
4,480,000
3,499,000
3,775,000
4,148,000
4,255,000
3,480,000
3,808,000
4,802,000
4,853,000
4,987,000
6,143,000
6,617,000
6,150,000
5,414,000
6,368,000
5,964,000

5,964,000

6,368,000

5,414,000

6,150,000

6,617,000

6,143,000

4,987,000

4,853,000

4,802,000

3,808,000

3,480,000

4,255,000

4,148,000

3,775,000

3,499,000

4,480,000

4,176,000

3,922,000

3,418,000

4,588,000

4,252,000

3,601,000

3,508,000

3,526,000

3,504,000

3,962,000

4,080,000

4,156,000

3,944,000

2,318,000

2,147,000

2,491,000

2,638,000

2,600,000

2,710,000

2,684,000

4,175,000

2,484,000

2,542,000

2,084,000

1,451,000

1,393,000

1,181,000

1,308,000

1,126,000

1,125,000

1,288,000

1,320,000

1,329,000

1,495,000

1,445,000

1,517,000

1,443,000

1,308,000

1,581,000

1,594,000

1,288,000

1,299,000

1,568,000

1,697,000

1,645,000

1,659,000

1,827,000

1,804,000

1,466,800

1,621,100

514,012

565,254

420,313

386,825

409,326

423,298

385,714

450,887

516,477

537,629

1,157,703

1,365,291

240,820

297,277

266,061

285,771

435,625

334,467

260,406

249,742

300,070

273,313

294,624

252,467

313,298

208,101

297,139

285,544

311,423

229,569

128,209

117,970

122,279

140,780

152,622

154,507

174,764

172,158

185,143

143,467

157,615

Short-term Debt

0
0
0
61,494
0
0
0
28,360
0
0
0
103,230
173,430
164,456
165,317
46,327
167,144
161,898
197,035
150,526
177,182
133,984
128,560
181,569
272,074
145,788
117,627
142,649
87,732
1,094,833
887,984
228,920
192,532
170,187
86,029
91,260
100,064
108,184
103,507
182,455
130,325
819,600
664,800
911,000
936,000
617,000
817,000
650,000
261,000
170,000
336,000
415,000
233,000
219,000
341,000
358,000
259,000
157,000
242,000
159,000
197,000
178,000
194,000
260,000
177,000
307,000
487,000
947,000
1,407,000
1,420,000
2,673,000
1,043,000
1,048,000
1,055,000
965,000
921,000
900,000
676,000
568,000
1,482,000
1,711,000
1,822,000
1,730,000
961,000
1,041,000
1,152,000
1,015,000
1,238,000
1,642,000
916,000
1,036,000
1,226,000
1,701,000
1,115,000
1,089,000
1,386,000
1,511,000
992,000
874,000
1,875,000
1,855,000
2,156,000
2,802,000
2,734,000
2,723,000
2,364,000
2,852,000
2,415,000

2,415,000

2,852,000

2,364,000

2,723,000

2,734,000

2,802,000

2,156,000

1,855,000

1,875,000

874,000

992,000

1,511,000

1,386,000

1,089,000

1,115,000

1,701,000

1,226,000

1,036,000

916,000

1,642,000

1,238,000

1,015,000

1,152,000

1,041,000

961,000

1,730,000

1,822,000

1,711,000

1,482,000

568,000

676,000

900,000

921,000

965,000

1,055,000

1,048,000

1,043,000

2,673,000

1,420,000

1,407,000

947,000

487,000

307,000

177,000

260,000

194,000

178,000

197,000

159,000

242,000

157,000

259,000

358,000

341,000

219,000

233,000

415,000

336,000

170,000

261,000

650,000

817,000

617,000

936,000

911,000

664,800

819,600

130,325

182,455

103,507

108,184

100,064

91,260

86,029

170,187

192,532

228,920

887,984

1,094,833

87,732

142,649

117,627

145,788

272,074

181,569

128,560

133,984

177,182

150,526

197,035

161,898

167,144

46,327

165,317

164,456

173,430

103,230

28,360

61,494

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
7,378,330
0
0
0
451,768
0
0
0
277,437
0
0
0
186,784
16,900,023
17,162,360
797,026
561,977
740,339
786,440
725,882
143,915
1,406,000
685,000
794,000
1,202,000
1,597,000
1,015,000
998,000
1,386,000
1,511,000
992,000
874,000
1,875,000
1,855,000
2,156,000
2,802,000
2,734,000
2,723,000
2,364,000
2,852,000
2,415,000

2,415,000

2,852,000

2,364,000

2,723,000

2,734,000

2,802,000

2,156,000

1,855,000

1,875,000

874,000

992,000

1,511,000

1,386,000

998,000

1,015,000

1,597,000

1,202,000

794,000

685,000

1,406,000

143,915

725,882

786,440

740,339

561,977

797,026

17,162,360

16,900,023

186,784

277,437

451,768

7,378,330

Accounts payable

0
0
0
80,844
0
0
0
81,119
0
0
0
94,431
103,980
89,669
100,280
130,750
114,674
89,343
97,547
122,776
122,877
115,747
131,846
145,236
155,889
131,012
142,652
153,566
141,927
214,340
225,999
270,055
282,860
251,934
277,784
265,223
267,526
240,403
264,243
333,755
336,195
685,800
718,800
793,000
697,000
685,000
705,000
874,000
870,000
804,000
712,000
852,000
889,000
805,000
826,000
953,000
942,000
847,000
853,000
914,000
1,009,000
863,000
870,406
498,000
886,000
962,000
847,000
463,000
978,000
901,000
1,284,000
612,000
1,437,000
1,401,000
1,386,000
574,000
1,306,000
1,167,000
1,438,000
554,000
1,966,000
1,803,000
1,769,000
696,000
1,980,000
1,769,000
1,906,000
679,000
2,220,000
1,862,000
2,204,000
754,000
2,224,000
1,956,000
2,248,000
707,000
2,314,000
2,058,000
2,463,000
774,000
2,549,000
2,347,000
2,832,000
886,000
2,958,000
2,432,000
2,875,000
990,000

990,000

2,875,000

2,432,000

2,958,000

886,000

2,832,000

2,347,000

2,549,000

774,000

2,463,000

2,058,000

2,314,000

707,000

2,248,000

1,956,000

2,224,000

754,000

2,204,000

1,862,000

2,220,000

679,000

1,906,000

1,769,000

1,980,000

696,000

1,769,000

1,803,000

1,966,000

554,000

1,438,000

1,167,000

1,306,000

574,000

1,386,000

1,401,000

1,437,000

612,000

1,284,000

901,000

978,000

463,000

847,000

962,000

886,000

498,000

870,406

863,000

1,009,000

914,000

853,000

847,000

942,000

953,000

826,000

805,000

889,000

852,000

712,000

804,000

870,000

874,000

705,000

685,000

697,000

793,000

718,800

685,800

336,195

333,755

264,243

240,403

267,526

265,223

277,784

251,934

282,860

270,055

225,999

214,340

141,927

153,566

142,652

131,012

155,889

145,236

131,846

115,747

122,877

122,776

97,547

89,343

114,674

130,750

100,280

89,669

103,980

94,431

81,119

80,844

Other Current Liabilities

157,615
143,467
185,143
29,820
174,764
154,507
152,622
31,301
122,279
117,970
128,209
31,908
34,013
31,419
31,542
31,024
31,480
1,226
42
11
11
11
0
7,662
7,662
8,971
5,782
1,062
11,161
56,118
43,720
38,654
41,085
28,766
21,901
66,815
41,736
38,238
52,563
49,044
47,492
115,700
83,200
100,000
194,000
357,000
123,000
173,000
337,000
245,000
166,000
277,000
381,000
204,000
203,000
116,000
144,000
392,000
141,000
149,000
79,000
82,000
932,000
170,000
110,000
114,000
108,000
247,000
149,000
155,000
209,000
342,000
210,000
223,000
238,000
460,000
285,000
304,000
312,000
1,621,000
479,000
455,000
463,000
1,643,000
505,000
587,000
680,000
2,068,000
726,000
640,000
682,000
1,970,000
555,000
428,000
438,000
1,841,000
430,000
430,000
471,000
1,931,000
449,000
484,000
509,000
2,596,000
469,000
618,000
641,000
2,296,000

2,296,000

641,000

618,000

469,000

2,596,000

509,000

484,000

449,000

1,931,000

471,000

430,000

1,841,000

438,000

428,000

555,000

1,970,000

682,000

640,000

726,000

2,068,000

680,000

587,000

505,000

1,643,000

463,000

455,000

479,000

1,621,000

312,000

304,000

285,000

460,000

238,000

223,000

210,000

342,000

209,000

155,000

149,000

247,000

108,000

114,000

110,000

170,000

932,000

82,000

79,000

149,000

141,000

392,000

144,000

116,000

203,000

204,000

381,000

277,000

166,000

245,000

337,000

173,000

123,000

357,000

194,000

100,000

83,200

115,700

47,492

49,044

52,563

38,238

41,736

66,815

21,901

28,766

41,085

38,654

43,720

56,118

11,161

1,062

5,782

8,971

7,662

1,226

31,480

31,024

31,542

31,419

34,013

31,908

128,209

117,970

122,279

31,301

152,622

154,507

174,764

29,820

185,143

143,467

157,615

> Long-term Liabilities

355,596
355,523
354,813
435,627
389,765
388,945
388,836
479,485
435,280
433,942
442,451
537,828
490,066
502,405
502,021
728,350
680,222
684,947
674,496
796,092
765,778
791,843
855,874
966,660
952,087
960,237
1,053,504
1,073,209
1,067,895
1,198,485
1,199,744
1,913,410
1,933,273
2,004,994
2,071,715
2,169,392
2,216,949
2,257,886
2,300,921
2,616,200
2,566,688
4,483,800
4,803,200
4,678,000
4,667,000
4,766,000
4,840,000
4,945,000
6,817,000
6,834,000
6,868,000
6,903,000
6,757,000
7,056,000
7,096,000
7,327,000
7,368,000
7,174,000
7,320,000
7,565,000
7,947,000
8,190,000
8,179,000
8,232,000
8,419,000
10,077,000
9,847,000
9,448,000
9,516,000
9,584,000
15,374,000
14,832,000
15,699,000
15,612,000
15,929,000
15,813,000
15,342,000
16,150,000
16,737,000
27,510,000
26,831,000
26,357,000
25,992,000
27,569,000
28,281,000
28,877,000
28,836,000
30,343,000
29,797,000
29,467,000
29,912,000
29,115,000
31,120,000
31,523,000
31,883,000
31,049,000
31,013,000
31,893,000
32,563,000
31,941,000
32,355,000
33,107,000
34,990,000
34,793,000
35,397,000
35,490,000
36,371,000
36,624,000

36,624,000

36,371,000

35,490,000

35,397,000

34,793,000

34,990,000

33,107,000

32,355,000

31,941,000

32,563,000

31,893,000

31,013,000

31,049,000

31,883,000

31,523,000

31,120,000

29,115,000

29,912,000

29,467,000

29,797,000

30,343,000

28,836,000

28,877,000

28,281,000

27,569,000

25,992,000

26,357,000

26,831,000

27,510,000

16,737,000

16,150,000

15,342,000

15,813,000

15,929,000

15,612,000

15,699,000

14,832,000

15,374,000

9,584,000

9,516,000

9,448,000

9,847,000

10,077,000

8,419,000

8,232,000

8,179,000

8,190,000

7,947,000

7,565,000

7,320,000

7,174,000

7,368,000

7,327,000

7,096,000

7,056,000

6,757,000

6,903,000

6,868,000

6,834,000

6,817,000

4,945,000

4,840,000

4,766,000

4,667,000

4,678,000

4,803,200

4,483,800

2,566,688

2,616,200

2,300,921

2,257,886

2,216,949

2,169,392

2,071,715

2,004,994

1,933,273

1,913,410

1,199,744

1,198,485

1,067,895

1,073,209

1,053,504

960,237

952,087

966,660

855,874

791,843

765,778

796,092

674,496

684,947

680,222

728,350

502,021

502,405

490,066

537,828

442,451

433,942

435,280

479,485

388,836

388,945

389,765

435,627

354,813

355,523

355,596

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,991,362
22,950,000
22,561,000
22,928,000
21,914,000
23,445,000
23,887,000
24,147,000
23,444,000
23,427,000
24,272,000
24,720,000
24,040,000
0
0
0
0
0
0
0
0

24,040,000

24,720,000

24,272,000

23,427,000

23,444,000

24,147,000

23,887,000

23,445,000

21,914,000

22,928,000

22,561,000

22,950,000

4,991,362

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
66,864
65,392
64,826
56,383
63,316
43,674
41,357
30,663
43,189
46,340
48,580
39,082
41,883
46,129
46,169
50,631
51,198
96,455
20,013
24,795
30,514
76,237
78,177
129,538
130,702
96,711
99,231
358,425
359,633
584,154
634,796
635,096
631,517
639,506
623,767
557,199
609,040
660,475
708,941
694,867
742,565
732,670
762,802
777,332
843,125
866,722
790,401
863,980
1,176,827
1,160,389
1,185,992
1,313,243
1,309,009
1,566,162
1,563,531
1,439,330
1,444,344
1,535,001
1,979,641
2,154,720
2,083,071
2,030,737
1,930,154
1,800,448
1,853,760
1,871,567
1,862,290
2,210,150
2,088,184
2,021,597
2,115,277
3,320,845
5,116,549
5,072,804
5,218,545
1,055,897
6,810,000
6,871,000
6,949,000
7,125,000
7,675,000
7,636,000
7,736,000
7,572,000
7,586,000
7,621,000
7,843,000
7,869,000
7,962,000
8,217,000
8,720,000
8,492,000
8,587,000
0
8,859,000
0

8,859,000

8,587,000

8,492,000

8,720,000

8,217,000

7,962,000

7,869,000

7,843,000

7,621,000

7,586,000

7,572,000

7,736,000

7,636,000

7,675,000

7,125,000

6,949,000

6,871,000

6,810,000

1,055,897

5,218,545

5,072,804

5,116,549

3,320,845

2,115,277

2,021,597

2,088,184

2,210,150

1,862,290

1,871,567

1,853,760

1,800,448

1,930,154

2,030,737

2,083,071

2,154,720

1,979,641

1,535,001

1,444,344

1,439,330

1,563,531

1,566,162

1,309,009

1,313,243

1,185,992

1,160,389

1,176,827

863,980

790,401

866,722

843,125

777,332

762,802

732,670

742,565

694,867

708,941

660,475

609,040

557,199

623,767

639,506

631,517

635,096

634,796

584,154

359,633

358,425

99,231

96,711

130,702

129,538

78,177

76,237

30,514

24,795

20,013

96,455

51,198

50,631

46,169

46,129

41,883

39,082

48,580

46,340

43,189

30,663

41,357

43,674

63,316

56,383

64,826

65,392

66,864

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,621,952
0
0
0
1,839,773
0
0
0
1,651,615
0
0
0
1,949,695
1,949,223
2,018,511
2,094,492
2,185,731
2,172,230
2,108,297
2,141,742
443,557
2,902,000
2,957,000
2,948,000
2,958,000
3,142,000
3,110,000
3,106,000
3,118,000
3,148,000
3,128,000
3,156,000
3,097,000
3,176,000
3,277,000
3,291,000
3,095,000
3,155,000
0
3,336,000
0

3,336,000

3,155,000

3,095,000

3,291,000

3,277,000

3,176,000

3,097,000

3,156,000

3,128,000

3,148,000

3,118,000

3,106,000

3,110,000

3,142,000

2,958,000

2,948,000

2,957,000

2,902,000

443,557

2,141,742

2,108,297

2,172,230

2,185,731

2,094,492

2,018,511

1,949,223

1,949,695

1,651,615

1,839,773

1,621,952

> Total Stockholder Equity

318,044
324,300
327,151
326,543
334,271
336,718
336,393
338,677
344,863
348,111
348,189
344,866
350,835
357,380
358,384
412,140
423,274
430,464
443,208
448,929
461,715
562,370
578,454
584,453
592,213
723,240
733,980
737,657
800,513
1,150,655
1,307,414
1,319,642
1,474,505
1,502,105
1,523,996
1,532,905
1,557,064
1,579,623
1,724,613
1,717,594
1,874,876
2,670,100
2,673,600
2,723,000
2,794,000
3,015,000
3,038,000
3,393,000
3,463,000
3,467,000
3,447,000
3,540,000
3,804,000
3,840,000
3,847,000
3,897,000
3,989,000
4,330,000
4,401,000
4,469,000
4,813,000
4,841,000
4,845,000
5,100,000
5,222,000
5,807,000
5,917,000
6,001,000
6,139,000
6,123,000
6,786,000
8,691,000
9,143,000
9,287,000
9,634,000
9,880,000
9,719,000
9,851,000
9,668,000
14,597,000
15,211,000
15,314,000
15,124,000
15,003,000
15,489,000
16,014,000
15,984,000
16,533,000
16,527,000
17,259,000
17,381,000
18,531,000
19,718,000
19,525,000
19,122,000
18,697,000
18,772,000
18,953,000
19,150,000
19,288,000
19,370,000
20,168,000
21,124,000
21,030,000
21,267,000
21,379,000
21,692,000
21,505,000

21,505,000

21,692,000

21,379,000

21,267,000

21,030,000

21,124,000

20,168,000

19,370,000

19,288,000

19,150,000

18,953,000

18,772,000

18,697,000

19,122,000

19,525,000

19,718,000

18,531,000

17,381,000

17,259,000

16,527,000

16,533,000

15,984,000

16,014,000

15,489,000

15,003,000

15,124,000

15,314,000

15,211,000

14,597,000

9,668,000

9,851,000

9,719,000

9,880,000

9,634,000

9,287,000

9,143,000

8,691,000

6,786,000

6,123,000

6,139,000

6,001,000

5,917,000

5,807,000

5,222,000

5,100,000

4,845,000

4,841,000

4,813,000

4,469,000

4,401,000

4,330,000

3,989,000

3,897,000

3,847,000

3,840,000

3,804,000

3,540,000

3,447,000

3,467,000

3,463,000

3,393,000

3,038,000

3,015,000

2,794,000

2,723,000

2,673,600

2,670,100

1,874,876

1,717,594

1,724,613

1,579,623

1,557,064

1,532,905

1,523,996

1,502,105

1,474,505

1,319,642

1,307,414

1,150,655

800,513

737,657

733,980

723,240

592,213

584,453

578,454

562,370

461,715

448,929

443,208

430,464

423,274

412,140

358,384

357,380

350,835

344,866

348,189

348,111

344,863

338,677

336,393

336,718

334,271

326,543

327,151

324,300

318,044

Common Stock

318,044
324,300
327,151
326,543
334,271
336,718
336,393
338,677
344,863
348,111
348,189
344,866
350,835
357,380
358,384
412,140
423,274
430,464
443,208
448,929
461,715
562,370
578,454
584,453
592,213
600,248
610,988
614,665
630,757
980,899
993,199
1,000,112
1,154,975
1,182,575
1,204,504
1,213,413
1,237,572
1,260,131
1,282,655
1,275,636
1,432,918
2,547,700
2,551,200
2,601,000
2,672,000
2,668,000
2,691,000
3,046,000
1,952,419
2,474,000
2,482,000
2,373,574
2,481,781
2,383,055
2,482,752
2,585,757
2,687,075
3,025,742
2,831,159
2,973,424
3,078,321
3,019,963
3,147,715
3,121,000
3,149,000
3,739,000
3,760,000
3,783,000
3,816,000
3,849,000
3,873,000
5,667,000
5,719,000
5,762,000
5,807,000
5,867,000
5,917,000
5,962,000
6,012,000
10,762,000
11,340,000
11,435,000
11,505,000
11,582,000
11,659,000
11,731,000
11,808,000
11,889,000
11,997,000
12,238,000
12,363,000
13,645,000
13,688,000
13,708,000
13,725,000
13,819,000
13,944,000
14,040,000
14,135,000
14,237,000
14,354,000
14,465,000
14,558,000
14,656,000
14,773,000
14,889,000
14,994,000
15,108,000

15,108,000

14,994,000

14,889,000

14,773,000

14,656,000

14,558,000

14,465,000

14,354,000

14,237,000

14,135,000

14,040,000

13,944,000

13,819,000

13,725,000

13,708,000

13,688,000

13,645,000

12,363,000

12,238,000

11,997,000

11,889,000

11,808,000

11,731,000

11,659,000

11,582,000

11,505,000

11,435,000

11,340,000

10,762,000

6,012,000

5,962,000

5,917,000

5,867,000

5,807,000

5,762,000

5,719,000

5,667,000

3,873,000

3,849,000

3,816,000

3,783,000

3,760,000

3,739,000

3,149,000

3,121,000

3,147,715

3,019,963

3,078,321

2,973,424

2,831,159

3,025,742

2,687,075

2,585,757

2,482,752

2,383,055

2,481,781

2,373,574

2,482,000

2,474,000

1,952,419

3,046,000

2,691,000

2,668,000

2,672,000

2,601,000

2,551,200

2,547,700

1,432,918

1,275,636

1,282,655

1,260,131

1,237,572

1,213,413

1,204,504

1,182,575

1,154,975

1,000,112

993,199

980,899

630,757

614,665

610,988

600,248

592,213

584,453

578,454

562,370

461,715

448,929

443,208

430,464

423,274

412,140

358,384

357,380

350,835

344,866

348,189

348,111

344,863

338,677

336,393

336,718

334,271

326,543

327,151

324,300

318,044

Retained Earnings

183,629
188,281
187,884
185,480
189,170
190,010
188,479
189,585
194,284
196,302
195,331
191,714
195,852
200,110
199,239
201,683
207,246
216,043
224,269
227,109
235,672
244,365
253,954
257,776
268,767
280,593
289,627
294,986
305,822
316,904
329,495
337,013
361,566
385,111
406,020
411,742
431,815
453,211
472,211
486,297
503,877
513,000
511,200
551,000
603,000
592,000
602,000
634,000
682,000
691,000
682,000
763,000
767,000
773,000
770,000
804,000
870,000
874,000
878,000
905,000
932,000
937,000
923,000
952,000
1,043,000
1,032,000
1,013,000
1,044,000
1,118,000
1,097,000
1,042,000
1,060,000
1,164,000
1,313,000
1,359,000
1,388,000
1,444,000
1,551,000
1,456,000
1,455,000
1,583,000
1,840,000
1,951,000
1,727,000
1,870,000
2,110,000
2,206,000
2,082,000
2,200,000
2,919,000
2,791,000
2,916,000
3,005,000
3,279,000
3,114,000
3,210,000
3,328,000
3,581,000
3,385,000
3,458,000
3,553,000
3,837,000
3,635,000
3,733,000
3,896,000
4,190,000
4,020,000
4,112,000

4,112,000

4,020,000

4,190,000

3,896,000

3,733,000

3,635,000

3,837,000

3,553,000

3,458,000

3,385,000

3,581,000

3,328,000

3,210,000

3,114,000

3,279,000

3,005,000

2,916,000

2,791,000

2,919,000

2,200,000

2,082,000

2,206,000

2,110,000

1,870,000

1,727,000

1,951,000

1,840,000

1,583,000

1,455,000

1,456,000

1,551,000

1,444,000

1,388,000

1,359,000

1,313,000

1,164,000

1,060,000

1,042,000

1,097,000

1,118,000

1,044,000

1,013,000

1,032,000

1,043,000

952,000

923,000

937,000

932,000

905,000

878,000

874,000

870,000

804,000

770,000

773,000

767,000

763,000

682,000

691,000

682,000

634,000

602,000

592,000

603,000

551,000

511,200

513,000

503,877

486,297

472,211

453,211

431,815

411,742

406,020

385,111

361,566

337,013

329,495

316,904

305,822

294,986

289,627

280,593

268,767

257,776

253,954

244,365

235,672

227,109

224,269

216,043

207,246

201,683

199,239

200,110

195,852

191,714

195,331

196,302

194,284

189,585

188,479

190,010

189,170

185,480

187,884

188,281

183,629

Accumulated Other Comprehensive Income

-424,276
-424,276
-424,276
-451,648
-451,648
-451,648
-451,648
-468,475
-468,475
-468,475
-468,475
-792
-923
367
1,312
1,163
4,456
1,808
4,863
5,380
5,438
1,397
6,034
6,228
-1,122
-7,329
-7,204
-10,843
-9,803
-8,824
-11,167
-13,947
-13,872
-13,301
-14,680
-14,812
-14,697
-16,199
-16,338
-44,333
-56,276
-74,300
-82,800
-82,000
-79,000
-79,000
-72,000
-47,000
-43,000
-60,000
-79,000
-83,000
-91,000
-79,000
-88,000
-94,000
-97,000
-69,000
-60,000
-74,000
-96,000
-94,000
-97,000
-96,000
-93,000
-88,000
-101,000
-72,000
-41,000
-69,000
34,000
129,000
426,000
378,000
633,000
791,000
525,000
506,000
565,000
745,000
653,000
407,000
35,000
61,000
328,000
540,000
337,000
928,000
695,000
468,000
593,000
336,000
1,392,000
905,000
649,000
34,000
-133,000
-299,000
-2,000
-40,000
-168,000
235,000
1,300,000
1,008,000
967,000
669,000
1,046,000
653,000

653,000

1,046,000

669,000

967,000

1,008,000

1,300,000

235,000

-168,000

-40,000

-2,000

-299,000

-133,000

34,000

649,000

905,000

1,392,000

336,000

593,000

468,000

695,000

928,000

337,000

540,000

328,000

61,000

35,000

407,000

653,000

745,000

565,000

506,000

525,000

791,000

633,000

378,000

426,000

129,000

34,000

-69,000

-41,000

-72,000

-101,000

-88,000

-93,000

-96,000

-97,000

-94,000

-96,000

-74,000

-60,000

-69,000

-97,000

-94,000

-88,000

-79,000

-91,000

-83,000

-79,000

-60,000

-43,000

-47,000

-72,000

-79,000

-82,000

-82,800

-74,300

-56,276

-44,333

-16,338

-16,199

-14,697

-14,812

-14,680

-13,301

-13,872

-13,947

-11,167

-8,824

-9,803

-10,843

-7,204

-7,329

-1,122

6,228

6,034

1,397

5,438

5,380

4,863

1,808

4,456

1,163

1,312

367

-923

-792

-468,475

-451,648

-424,276

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,332
12,000
11,000
11,000
11,000
10,000
10,000
11,000
11,000
10,000
8,000
9,000
10,000
0
0
0
0
0
0
0
0

10,000

9,000

8,000

10,000

11,000

10,000

11,000

12,000

2,332

Treasury Stock

Other Stockholders Equity

249,145
244,493
244,890
274,598
270,976
270,136
271,667
287,320
282,689
280,671
281,642
386,676
383,244
378,942
380,688
409,606
406,873
397,384
391,046
431,130
422,756
413,558
447,441
-264,004
-267,645
-273,264
-282,423
-284,143
-296,019
-308,080
-318,328
-323,066
-347,694
-371,810
-391,340
-396,930
-417,118
-437,012
-455,873
-441,964
-447,601
-438,700
-428,400
-469,000
-524,000
-513,000
-530,000
-587,000
2,477,000
15,000
15,000
2,513,000
2,536,000
2,554,000
2,573,000
2,595,000
2,624,000
2,933,000
2,991,000
3,046,000
3,065,000
3,086,000
3,107,000
15,000
15,000
16,000
16,000
17,000
17,000
17,000
17,000
15,000
14,000
14,000
15,000
14,000
13,000
12,000
12,000
12,000
12,000
9,000
10,000
10,000
9,000
10,000
10,000
11,000
12,000
11,000
11,000
11,000
10,000
10,000
11,000
11,000
10,000
8,000
9,000
10,000
8,000
8,000
8,000
10,000
8,000
8,000
9,000
9,000

9,000

8,000

10,000

8,000

10,000

9,000

8,000

10,000

11,000

10,000

11,000

12,000

11,000

10,000

9,000

10,000

9,000

12,000

13,000

14,000

15,000

14,000

15,000

17,000

16,000

15,000

3,107,000

3,086,000

3,065,000

3,046,000

2,991,000

2,933,000

2,624,000

2,595,000

2,573,000

2,554,000

2,536,000

2,513,000

15,000

2,477,000

-587,000

-530,000

-513,000

-524,000

-469,000

-428,400

-438,700

-447,601

-441,964

-455,873

-437,012

-417,118

-396,930

-391,340

-371,810

-347,694

-323,066

-318,328

-308,080

-296,019

-284,143

-282,423

-273,264

-267,645

-264,004

447,441

413,558

422,756

431,130

391,046

397,384

406,873

409,606

380,688

378,942

383,244

386,676

281,642

280,671

282,689

287,320

271,667

270,136

270,976

274,598

244,890

244,493

249,145

Balance Sheet

Currency in CAD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Accounts Payable	990,000	886,000	774,000	707,000	754,000	679,000	696,000	554,000	574,000	612,000	463,000	498,000	914,000	953,000	852,000	874,000	793,000	333,755	265,223	270,055	153,566	145,236	122,776	130,750	94,431	81,119	80,844	-	54,362
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Accumulated Other Comprehensive Income	653,000	1,008,000	-40,000	34,000	336,000	928,000	61,000	745,000	791,000	129,000	-72,000	-96,000	-74,000	-94,000	-83,000	-47,000	-82,000	-44,333	-14,812	-13,947	-10,843	6,228	5,380	1,163	-792	-468,475	-451,648	-	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Capital Lease Obligations	378,000	370,000	365,000	364,000	513,000	642,000	461,000	536,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Capital Stock	16,731,000	16,279,000	15,860,000	15,442,000	15,268,000	13,512,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Capital Surpluse	0	0	10,000	11,000	11,000	11,000	10,000	12,000	14,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Cash	625,000	209,000	131,000	249,000	370,000	332,000	327,000	269,000	242,000	230,000	72,000	154,000	89,000	109,000	85,000	66,000	58,000	40,921	33,416	37,203	65,094	26,258	14,285	18,432	11,291	6,961	11,823	-	5,498
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Cash And Short Term Investments	625,000	209,000	131,000	249,000	370,000	332,000	327,000	269,000	242,000	230,000	72,000	154,000	89,000	109,000	85,000	66,000	58,000	40,921	33,416	37,203	65,094	26,258	14,285	18,432	11,291	6,961	11,823	-	5,498
Common Stock	15,108,000	14,656,000	14,237,000	13,819,000	13,645,000	11,889,000	11,582,000	10,762,000	5,867,000	5,667,000	3,783,000	3,121,000	2,973,424	2,585,757	2,373,574	3,046,000	2,601,000	1,275,636	1,213,413	1,000,112	614,665	584,453	448,929	412,140	344,866	338,677	326,543	-	123,846
Common Stock Shares Outstanding	486,500	479,000	471,400	465,400	437,500	425,200	416,200	313,400	284,700	226,100	209,300	197,200	190,000	187,100	184,800	173,700	146,212	107,299	110,562	89,955	71,834	65,716	59,512	54,068	52,188	51,632	50,492	49,276	48,399
Common Stock Total Equity	0	0	0	13,819,000	13,645,000	11,889,000	11,582,000	10,762,000	5,867,000	5,667,000	3,783,000	3,121,000	0	0	0	3,046,000	2,601,000	1,275,636	1,213,413	1,000,112	614,665	584,453	448,929	412,140	344,866	338,677	326,543	-	123,846
Current Deferred Revenue	263,000	401,000	222,000	214,000	226,000	267,000	204,000	287,000	683,000	687,000	427,000	380,000	98,000	90,000	50,000	0	0	0	0	0	0	0	0	0	0	0	0	-	6,877
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Deferred Long Term Liab	0	3,095,000	3,097,000	3,118,000	2,958,000	2,751,000	2,742,000	2,620,000	325,141	1,839,773	1,621,952	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Good Will	12,184,000	12,464,000	11,720,000	11,792,000	12,004,000	12,530,000	11,644,000	12,364,000	4,173,000	3,732,000	2,075,000	1,568,000	1,557,000	1,553,000	1,560,000	1,294,379	1,549,112	567,211	439,227	427,299	50,451	37,944	20,627	24,240	0	0	0	-	27,060
Intangible Assets	1,510,000	1,548,000	1,343,000	1,291,000	1,260,000	1,200,000	1,081,000	1,011,000	541,000	488,000	345,000	325,000	341,000	324,000	279,000	1,301,775	1,564,162	575,633	451,257	442,640	67,520	54,363	20,627	24,240	0	0	0	-	0
Inventory	566,000	661,000	478,000	422,000	394,000	398,000	367,000	372,000	337,000	321,000	143,000	133,000	134,000	168,000	178,000	229,000	233,000	32,675	32,033	30,235	16,470	17,792	18,173	16,731	17,226	7,396	6,373	-	6,897
Liabilities And Stockholders Equity	65,920,000	64,252,000	57,659,000	55,481,000	53,404,000	53,051,000	47,822,000	47,904,000	28,804,000	26,628,000	17,908,000	14,950,000	13,562,000	12,903,000	12,160,000	11,178,000	10,273,000	5,447,441	4,316,191	3,837,996	2,210,581	1,986,999	1,624,752	1,478,596	1,243,608	1,037,192	1,017,396	-	916,409
Long Term Debt	27,235,000	25,931,000	23,707,000	23,113,000	21,501,000	23,159,000	20,691,000	20,817,000	10,784,000	9,027,622	6,439,800	6,259,827	5,883,103	5,946,841	5,319,392	4,276,792	4,959,366	2,468,441	1,822,190	1,561,628	795,187	599,161	500,058	488,203	0	0	0	-	0
Long Term Debt Total	0	0	24,040,000	23,444,000	21,914,000	23,549,000	21,105,000	21,277,000	11,271,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Long Term Investments	370,000	316,000	178,000	158,000	126,000	153,000	124,000	99,000	17,779	110,145	111,080	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Net Debt	29,403,000	28,826,000	25,816,000	24,614,000	22,846,000	24,455,000	21,802,000	22,549,000	12,006,000	11,357,000	7,766,000	6,364,000	5,749,000	5,858,000	5,606,000	5,468,000	5,476,000	2,699,997	2,182,518	2,070,356	1,108,913	1,097,611	932,333	756,245	629,767	500,884	485,298	-	428,557
Net Invested Capital	49,532,000	48,072,000	43,247,000	41,573,000	39,611,000	39,055,000	35,048,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Net Receivables	1,627,000	1,759,000	1,269,000	1,174,000	1,105,000	1,171,000	1,044,000	1,051,000	855,000	838,000	682,000	536,000	644,000	655,000	595,000	681,000	635,000	285,619	204,169	169,649	130,251	136,072	102,156	76,800	64,345	70,455	58,186	-	57,823
Net Tangible Assets	0	5,395,000	4,602,000	3,991,000	3,644,000	1,180,000	655,000	-401,000	475,906	2,304,449	2,214,064	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Net Working Capital	-1,939,000	-2,348,000	-2,074,000	-1,536,000	-1,602,000	-991,000	-1,297,000	-1,778,000	-781,000	-721,000	-788,000	-215,000	-200,000	-313,000	-468,000	-547,000	-740,000	-156,115	-110,605	-281,093	-85,462	-154,345	-138,378	-96,138	-136,707	-55,968	-93,555	-	-80,709
Non Current Assets Total	61,895,000	59,983,000	54,931,000	52,869,000	50,830,000	49,790,000	45,615,000	45,738,000	26,947,000	24,665,000	16,612,000	13,857,000	12,442,000	11,699,000	11,034,000	10,028,000	9,209,000	5,038,302	4,003,498	3,581,460	1,998,766	1,806,877	1,489,817	1,366,633	1,150,746	952,380	938,793	-	843,750
Non Current Liabilities Other	65,000	75,000	157,000	173,000	93,000	74,000	91,000	171,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Non Current Liabilities Total	36,624,000	34,793,000	31,941,000	31,049,000	29,115,000	30,343,000	27,569,000	27,510,000	15,813,000	14,832,000	9,448,000	8,232,000	7,565,000	7,327,000	6,903,000	4,945,000	4,678,000	2,616,200	2,169,392	1,913,410	1,073,209	966,660	796,092	728,350	537,828	479,485	435,627	-	449,353
Non Currrent Assets Other	340,000	2,328,000	231,000	215,000	210,000	204,000	171,000	136,000	93,000	2,555,000	1,908,000	120,000	1,849,000	1,044,000	780,000	2,120,000	409,000	3,898,188	456,663	360,828	301,715	215,091	172,384	216,058	122,011	120,837	115,600	-	93,229
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Other Assets	0	3,949,000	3,834,000	3,590,000	3,406,000	3,150,000	3,098,000	2,924,000	2,500,000	2,240,771	1,790,455	1,703,286	1,229,773	1,054,162	893,536	433,103	399,318	275,153	248,087	163,806	103,287	75,882	56,641	54,290	0	0	0	-	0
Other Current Assets	1,057,000	1,494,000	734,000	665,000	617,000	510,000	390,000	389,000	317,000	357,000	200,000	236,000	210,000	241,000	223,000	174,000	138,000	49,924	43,075	19,449	0	0	321	0	0	0	2,221	-	2,441
Other Current Liab	2,296,000	2,596,000	1,931,000	1,841,000	1,970,000	2,068,000	1,643,000	1,621,000	460,000	342,000	247,000	170,000	149,000	116,000	277,000	173,000	100,000	49,044	66,815	38,654	1,062	7,662	11	31,024	31,908	31,301	29,820	-	43,417
Other Liab	0	8,492,000	7,869,000	7,572,000	7,163,000	6,794,000	6,401,000	6,174,000	638,050	2,154,720	1,439,330	1,313,243	863,980	777,332	694,867	557,199	635,096	358,425	129,538	24,795	50,631	39,082	30,663	56,383	0	0	0	-	0
Other Stockholder Equity	9,000	10,000	10,000	11,000	11,000	11,000	10,000	12,000	14,000	15,000	17,000	15,000	3,046,000	2,595,000	2,513,000	-587,000	-469,000	-441,964	-396,930	-323,066	-284,143	-264,004	431,130	409,606	386,676	287,320	274,598	-	170,852
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	1,566,130	1,156,924	1,116,710	580,563	593,781	329,848	285,174	122,404	105,040	274,007	265,611	94,828	0	0	0	0	0	0	-	0
Property Plant And Equipment Gross	58,374,000	56,210,000	51,230,000	36,038,000	34,034,000	32,654,000	29,668,000	29,337,000	19,595,000	17,816,000	12,267,000	10,249,000	8,687,000	8,762,000	8,246,000	7,908,000	7,241,000	468,984	3,020,669	2,688,136	1,609,477	1,506,289	1,284,595	1,114,411	989,748	789,627	778,348	-	723,461
Property Plant And Equipment Net	43,436,000	41,706,000	37,856,000	36,038,000	34,034,000	32,654,000	29,668,000	29,337,000	19,595,000	17,816,000	12,267,000	10,249,000	8,687,000	8,762,000	8,246,000	7,908,000	7,241,000	468,984	3,020,669	2,688,136	1,609,477	1,506,289	1,284,595	1,114,411	989,748	789,627	778,348	-	723,461
Property Plant Equipment	0	41,706,000	37,856,000	36,038,000	34,034,000	32,757,000	29,668,000	29,337,000	36,000	15,570,949	11,710,440	10,487,805	9,249,779	8,957,874	7,944,867	6,499,014	7,264,974	3,468,424	2,590,625	2,234,527	1,240,923	957,773	806,906	746,974	0	0	0	-	0
Retained Earnings	4,112,000	3,733,000	3,458,000	3,210,000	2,916,000	2,082,000	1,727,000	1,455,000	1,388,000	1,060,000	1,044,000	952,000	905,000	804,000	763,000	634,000	551,000	486,297	411,742	337,013	294,986	257,776	227,109	201,683	191,714	189,585	185,480	-	0
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Short Long Term Debt	2,415,000	2,734,000	1,875,000	1,386,000	1,202,000	986,000	914,000	1,406,000	54,617	451,768	7,378,330	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Short Long Term Debt Total	30,028,000	29,035,000	25,947,000	24,863,000	23,216,000	24,787,000	22,129,000	22,818,000	12,248,000	11,587,000	7,838,000	6,518,000	5,838,000	5,967,000	5,691,000	5,534,000	5,534,000	2,740,918	2,215,934	2,107,559	1,174,007	1,123,869	946,618	774,677	641,058	507,845	497,121	-	434,055
Short Term Debt	2,415,000	2,734,000	1,875,000	1,386,000	1,226,000	1,238,000	961,000	1,482,000	921,000	1,043,000	947,000	260,000	159,000	358,000	415,000	650,000	911,000	182,455	91,260	228,920	142,649	181,569	150,526	46,327	103,230	28,360	61,494	-	48,712
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
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Total Assets	65,920,000	64,252,000	57,659,000	55,481,000	53,404,000	53,051,000	47,822,000	47,904,000	28,804,000	26,628,000	17,908,000	14,950,000	13,562,000	12,903,000	12,160,000	11,178,000	10,273,000	5,447,441	4,316,191	3,837,996	2,210,581	1,986,999	1,624,752	1,478,596	1,243,608	1,037,192	1,017,396	-	916,409
Total Current Assets	4,025,000	4,269,000	2,728,000	2,612,000	2,574,000	3,261,000	2,207,000	2,166,000	1,857,000	1,963,000	1,296,000	1,093,000	1,120,000	1,204,000	1,126,000	1,150,000	1,064,000	409,139	312,693	256,536	211,815	180,122	134,935	111,963	92,862	84,812	78,603	-	72,659
Total Current Liabilities	5,964,000	6,617,000	4,802,000	4,148,000	4,176,000	4,252,000	3,504,000	3,944,000	2,638,000	2,684,000	2,084,000	1,308,000	1,320,000	1,517,000	1,594,000	1,697,000	1,804,000	565,254	423,298	537,629	297,277	334,467	273,313	208,101	229,569	140,780	172,158	-	153,368
Total Liab	42,588,000	41,410,000	36,743,000	35,197,000	33,291,000	34,595,000	31,073,000	31,454,000	18,451,000	17,516,000	11,532,000	9,540,000	8,885,000	8,844,000	8,497,000	7,640,000	7,435,000	3,599,342	2,743,731	2,480,867	1,436,154	1,362,591	1,139,688	1,034,954	869,361	690,085	682,423	-	602,721
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Total Stockholder Equity	21,505,000	21,030,000	19,288,000	18,697,000	18,531,000	16,533,000	15,003,000	14,597,000	9,880,000	8,691,000	6,001,000	5,100,000	4,469,000	3,897,000	3,540,000	3,393,000	2,723,000	1,717,594	1,532,905	1,319,642	737,657	584,453	448,929	412,140	344,866	338,677	326,543	-	294,698
Treasury 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
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31
Accounts Payable	990,000	2,875,000	2,432,000	2,958,000	886,000	2,832,000	2,347,000	2,549,000	774,000	2,463,000	2,058,000	2,314,000	707,000	2,248,000	1,956,000	2,224,000	754,000	2,204,000	1,862,000	2,220,000	679,000	1,906,000	1,769,000	1,980,000	696,000	1,769,000	1,803,000	1,966,000	554,000	1,438,000	1,167,000	1,306,000	574,000	1,386,000	1,401,000	1,437,000	612,000	1,284,000	901,000	978,000	463,000	847,000	962,000	886,000	498,000	870,406	863,000	1,009,000	914,000	853,000	847,000	942,000	953,000	826,000	805,000	889,000	852,000	712,000	804,000	870,000	874,000	705,000	685,000	697,000	793,000	718,800	685,800	336,195	333,755	264,243	240,403	267,526	265,223	277,784	251,934	282,860	270,055	225,999	214,340	141,927	153,566	142,652	131,012	155,889	145,236	131,846	115,747	122,877	122,776	97,547	89,343	114,674	130,750	100,280	89,669	103,980	94,431	0	0	0	81,119	0	0	0	80,844	0	0	0
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	653,000	1,046,000	669,000	967,000	1,008,000	1,300,000	235,000	-168,000	-40,000	-2,000	-299,000	-133,000	34,000	649,000	905,000	1,392,000	336,000	593,000	468,000	695,000	928,000	337,000	540,000	328,000	61,000	35,000	407,000	653,000	745,000	565,000	506,000	525,000	791,000	633,000	378,000	426,000	129,000	34,000	-69,000	-41,000	-72,000	-101,000	-88,000	-93,000	-96,000	-97,000	-94,000	-96,000	-74,000	-60,000	-69,000	-97,000	-94,000	-88,000	-79,000	-91,000	-83,000	-79,000	-60,000	-43,000	-47,000	-72,000	-79,000	-79,000	-82,000	-82,800	-74,300	-56,276	-44,333	-16,338	-16,199	-14,697	-14,812	-14,680	-13,301	-13,872	-13,947	-11,167	-8,824	-9,803	-10,843	-7,204	-7,329	-1,122	6,228	6,034	1,397	5,438	5,380	4,863	1,808	4,456	1,163	1,312	367	-923	-792	-468,475	-468,475	-468,475	-468,475	-451,648	-451,648	-451,648	-451,648	-424,276	-424,276	-424,276
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	378,000	342,000	335,000	344,000	370,000	341,000	333,000	340,000	365,000	338,000	330,000	338,000	364,000	425,000	426,000	438,000	513,000	572,000	562,000	575,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	16,731,000	16,617,000	16,512,000	16,396,000	16,279,000	16,181,000	16,088,000	15,977,000	15,860,000	15,758,000	15,663,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	10,000	9,000	8,000	10,000	11,000	11,000	10,000	10,000	11,000	11,000	11,000	12,000	2,332	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	625,000	765,000	690,000	576,000	209,000	395,000	338,000	365,000	131,000	225,000	599,000	317,000	249,000	494,000	380,000	272,000	370,000	228,000	191,000	233,000	332,000	195,000	197,000	333,000	327,000	252,000	231,000	298,000	269,000	301,000	296,000	232,000	242,000	347,000	797,000	299,000	230,000	458,000	612,000	528,000	72,000	155,000	267,000	168,000	154,000	147,000	231,000	110,000	89,000	108,000	298,000	86,000	109,000	64,000	71,000	92,000	85,000	106,000	137,000	94,000	66,000	68,000	59,000	67,000	58,000	50,700	63,500	43,223	40,921	61,394	27,365	21,523	33,416	18,622	26,847	64,204	37,203	40,051	51,112	44,809	65,094	79,150	34,222	28,165	26,258	37,805	64,031	16,091	14,285	12,171	17,613	12,799	18,432	10,777	7,008	11,032	11,291	9,073	4,051	4,334	6,961	9,121	7,797	15,376	11,823	10,155	8,505	11,109
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	625,000	765,000	690,000	576,000	209,000	395,000	338,000	365,000	131,000	225,000	599,000	317,000	249,000	494,000	380,000	272,000	370,000	228,000	191,000	233,000	332,000	195,000	197,000	333,000	327,000	252,000	231,000	298,000	269,000	301,000	296,000	232,000	242,000	347,000	797,000	299,000	230,000	458,000	612,000	528,000	72,000	155,000	267,000	168,000	154,000	147,000	231,000	110,000	89,000	108,000	298,000	86,000	109,000	64,000	71,000	92,000	85,000	106,000	137,000	94,000	66,000	68,000	59,000	67,000	58,000	50,700	63,500	43,223	40,921	61,394	27,365	21,523	33,416	18,622	26,847	64,204	37,203	40,051	51,112	44,809	65,094	79,150	34,222	28,165	26,258	37,805	64,031	16,091	14,285	12,171	17,613	12,799	18,432	10,777	7,008	11,032	11,291	9,073	4,051	4,334	6,961	9,121	7,797	15,376	11,823	10,155	8,505	11,109
Common Stock	15,108,000	14,994,000	14,889,000	14,773,000	14,656,000	14,558,000	14,465,000	14,354,000	14,237,000	14,135,000	14,040,000	13,944,000	13,819,000	13,725,000	13,708,000	13,688,000	13,645,000	12,363,000	12,238,000	11,997,000	11,889,000	11,808,000	11,731,000	11,659,000	11,582,000	11,505,000	11,435,000	11,340,000	10,762,000	6,012,000	5,962,000	5,917,000	5,867,000	5,807,000	5,762,000	5,719,000	5,667,000	3,873,000	3,849,000	3,816,000	3,783,000	3,760,000	3,739,000	3,149,000	3,121,000	3,147,715	3,019,963	3,078,321	2,973,424	2,831,159	3,025,742	2,687,075	2,585,757	2,482,752	2,383,055	2,481,781	2,373,574	2,482,000	2,474,000	1,952,419	3,046,000	2,691,000	2,668,000	2,672,000	2,601,000	2,551,200	2,547,700	1,432,918	1,275,636	1,282,655	1,260,131	1,237,572	1,213,413	1,204,504	1,182,575	1,154,975	1,000,112	993,199	980,899	630,757	614,665	610,988	600,248	592,213	584,453	578,454	562,370	461,715	448,929	443,208	430,464	423,274	412,140	358,384	357,380	350,835	344,866	348,189	348,111	344,863	338,677	336,393	336,718	334,271	326,543	327,151	324,300	318,044
Common Stock Shares Outstanding	489,277	487,700	485,700	483,400	481,100	479,900	478,300	476,100	472,000	472,500	470,600	468,200	463,492	465,500	465,200	464,600	437,400	441,270	433,700	430,100	425,600	426,200	424,300	422,500	418,600	419,300	417,400	406,900	285,000	289,500	284,300	288,600	279,100	285,300	284,200	283,100	215,600	216,100	215,300	220,900	212,000	212,700	194,100	202,800	190,200	191,100	190,500	200,300	186,500	187,500	178,300	187,700	173,200	174,100	173,300	185,900	170,400	171,100	179,300	185,400	157,200	157,200	161,111	169,191	154,500	156,700	131,100	117,143	103,646	107,778	103,422	103,287	103,010	103,010	112,318	98,005	95,327	95,327	78,380	69,785	69,332	69,334	69,183	68,979	68,528	68,528	63,044	60,276	59,464	59,464	59,408	59,344	52,828	52,828	52,792	52,716	52,180	52,180	52,136	52,056	51,620	51,620	51,580	51,484	50,468	50,468	50,312	50,200
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0	14,040,000	13,944,000	13,819,000	13,725,000	13,708,000	13,688,000	13,645,000	12,363,000	12,238,000	11,997,000	11,889,000	11,808,000	11,731,000	11,659,000	11,582,000	11,505,000	11,435,000	11,340,000	10,762,000	6,012,000	5,962,000	5,917,000	5,867,000	5,807,000	5,762,000	5,719,000	5,667,000	3,873,000	3,849,000	3,816,000	3,783,000	3,760,000	3,739,000	3,149,000	3,121,000	0	0	0	0	0	0	0	0	0	0	0	0	2,482,000	2,474,000	0	3,046,000	2,691,000	2,668,000	2,672,000	2,601,000	2,551,200	2,547,700	1,432,918	1,275,636	1,282,655	1,260,131	1,237,572	1,213,413	1,204,504	1,182,575	1,154,975	1,000,112	993,199	980,899	630,757	614,665	610,988	600,248	592,213	584,453	578,454	562,370	461,715	448,929	443,208	430,464	423,274	412,140	358,384	357,380	350,835	344,866	348,189	348,111	344,863	338,677	336,393	336,718	334,271	326,543	327,151	324,300	318,044
Current Deferred Revenue	263,000	0	0	0	401,000	0	0	0	222,000	0	0	0	214,000	0	0	0	226,000	0	0	0	267,000	0	0	0	204,000	0	0	0	287,000	0	0	0	683,000	11,000	31,000	15,000	687,000	9,000	8,000	8,000	427,000	9,000	10,000	8,000	380,000	0	2,000	3,000	98,000	93,000	99,000	100,000	90,000	73,000	80,000	78,000	50,000	74,000	80,000	100,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	3,336,000	0	3,155,000	3,095,000	3,291,000	3,277,000	3,176,000	3,097,000	3,156,000	3,128,000	3,148,000	3,118,000	3,106,000	3,110,000	3,142,000	2,958,000	2,948,000	2,957,000	2,902,000	443,557	2,141,742	2,108,297	2,172,230	2,185,731	2,094,492	2,018,511	1,949,223	1,949,695	0	0	0	1,651,615	0	0	0	1,839,773	0	0	0	1,621,952	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	12,184,000	12,455,000	12,183,000	12,433,000	12,464,000	12,687,000	11,911,000	11,613,000	11,720,000	11,755,000	11,526,000	11,659,000	11,792,000	12,273,000	12,482,000	12,876,000	12,004,000	12,210,000	12,092,000	12,298,000	12,530,000	11,939,000	12,150,000	11,927,000	11,644,000	11,588,000	11,991,000	12,261,000	12,364,000	4,058,000	4,018,000	4,005,000	4,173,000	4,075,000	3,908,000	3,942,000	3,732,000	3,652,000	2,074,000	2,097,000	2,075,000	2,064,000	2,077,000	1,585,000	1,568,000	1,566,000	1,570,000	1,563,000	1,557,000	1,560,000	1,548,000	1,549,000	1,553,000	1,557,000	1,562,000	1,555,000	1,560,000	1,563,000	1,573,000	1,587,000	1,294,379	1,464,537	1,517,971	1,509,599	1,549,112	1,557,842	1,470,655	569,054	567,211	493,729	458,413	438,363	439,227	440,683	420,421	425,073	427,299	407,290	386,638	49,962	50,451	48,370	48,582	40,647	37,944	35,210	21,658	20,548	20,627	0	0	0	24,240	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	1,510,000	1,515,000	1,492,000	1,511,000	1,548,000	1,477,000	1,394,000	1,345,000	1,343,000	1,303,000	1,274,000	1,281,000	1,291,000	1,332,000	1,341,000	1,356,000	1,260,000	1,222,000	1,156,000	1,178,000	1,200,000	1,165,000	1,165,000	1,105,000	1,081,000	1,051,000	1,040,000	1,015,000	1,011,000	549,000	539,000	528,000	541,000	546,000	523,000	508,000	488,000	458,000	340,000	340,000	345,000	356,000	361,000	319,000	325,000	322,000	324,000	324,000	341,000	332,000	327,000	325,000	324,000	270,000	272,000	276,000	279,000	264,000	260,000	262,000	1,301,775	1,473,931	1,529,723	1,522,269	1,564,162	1,564,599	1,477,944	576,633	575,633	503,472	469,085	449,468	451,257	454,173	433,977	439,572	442,640	422,642	401,864	66,162	67,520	65,623	66,387	57,610	54,363	35,210	21,658	20,548	20,627	0	0	0	24,240	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	566,000	588,000	534,000	569,000	661,000	690,000	533,000	408,000	478,000	530,000	415,000	394,000	422,000	458,000	409,000	376,000	394,000	389,000	369,000	368,000	398,000	368,000	346,000	322,000	367,000	382,000	355,000	320,000	372,000	337,000	292,000	271,000	337,000	349,000	287,000	272,000	321,000	347,000	127,000	75,000	143,000	172,000	138,000	78,000	133,000	157,000	107,000	76,000	134,000	194,000	108,000	88,000	168,000	202,000	144,000	138,000	178,000	211,000	134,000	91,000	229,000	308,000	192,000	172,000	233,000	278,400	178,000	32,113	32,675	25,623	21,791	36,296	32,033	28,805	30,440	29,812	30,235	28,459	28,828	16,942	16,470	16,979	17,184	17,799	17,792	16,038	16,192	16,681	18,173	17,100	15,446	18,575	16,731	17,270	17,675	17,217	17,226	0	0	0	7,396	0	0	0	6,373	0	0	0
Liabilities And Stockholders Equity	65,920,000	66,285,000	64,081,000	64,630,000	64,252,000	64,084,000	59,954,000	58,202,000	57,659,000	57,137,000	55,895,000	55,614,000	55,481,000	56,410,000	56,205,000	57,019,000	53,404,000	52,800,000	51,699,000	52,805,000	53,051,000	50,244,000	50,249,000	49,083,000	47,822,000	46,845,000	47,581,000	48,049,000	47,904,000	29,191,000	28,623,000	28,016,000	28,804,000	28,637,000	28,069,000	27,986,000	26,628,000	26,740,000	18,586,000	18,590,000	17,908,000	17,570,000	17,633,000	15,155,000	14,950,000	14,438,000	14,431,000	14,294,000	13,562,000	13,255,000	13,177,000	12,977,000	12,903,000	12,508,000	12,329,000	12,260,000	12,160,000	11,727,000	11,737,000	11,848,000	11,178,000	10,637,000	10,529,000	10,376,000	10,273,000	10,006,000	9,831,100	5,499,400	5,447,441	4,606,963	4,380,987	4,375,919	4,316,191	4,110,231	4,089,340	3,999,522	3,837,996	3,726,398	3,879,906	2,213,620	2,210,581	2,152,866	2,067,188	2,079,725	1,986,999	1,861,116	1,760,035	1,682,907	1,624,752	1,562,882	1,517,640	1,601,247	1,478,596	1,336,324	1,322,179	1,329,304	1,243,608	1,049,035	1,025,710	1,028,929	1,037,192	1,005,040	1,007,714	1,029,615	1,017,396	995,047	1,001,225	1,009,456
Long Term Debt	27,235,000	27,170,000	26,808,000	26,466,000	25,931,000	25,929,000	24,557,000	24,053,000	23,707,000	24,382,000	23,942,000	23,089,000	23,113,000	23,813,000	23,561,000	23,111,000	21,501,000	22,598,000	22,230,000	22,611,000	3,599,280	16,806,900	16,359,776	16,469,449	16,823,436	15,942,122	15,709,988	15,569,744	15,833,457	9,207,860	8,977,176	8,421,498	8,143,198	8,479,159	8,908,189	8,774,433	9,027,622	10,165,193	6,426,764	6,194,570	6,439,800	6,955,383	7,061,065	6,261,802	6,259,827	6,394,177	6,201,200	6,152,604	5,883,103	5,546,138	5,915,508	6,102,865	5,946,841	5,534,933	5,340,034	5,333,859	5,319,392	5,203,891	4,754,042	4,258,525	4,276,792	4,790,982	4,920,184	4,805,575	4,959,366	5,108,926	4,495,551	2,452,174	2,468,441	2,306,632	2,267,448	2,132,475	1,822,190	1,741,620	1,595,847	1,572,052	1,561,628	932,052	883,647	786,954	795,187	756,340	693,769	631,704	599,161	570,845	555,232	510,467	500,058	460,787	485,434	461,786	488,203	365,674	373,146	372,691	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	0	24,040,000	24,720,000	24,272,000	23,427,000	23,444,000	24,147,000	23,887,000	23,445,000	21,914,000	22,928,000	22,561,000	22,950,000	4,991,362	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	370,000	0	0	0	316,000	0	0	0	178,000	0	0	0	158,000	0	0	0	126,000	4,407	4,626	4,245	23,779	65,564	65,221	63,502	98,844	63,954	65,561	53,331	75,904	0	0	0	90,311	0	0	0	110,145	0	0	0	111,080	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	29,403,000	29,599,000	28,817,000	28,957,000	28,826,000	28,677,000	26,708,000	25,883,000	25,816,000	25,369,000	24,665,000	24,621,000	24,614,000	24,742,000	24,622,000	24,874,000	22,846,000	23,736,000	23,286,000	24,359,000	24,455,000	22,970,000	23,143,000	22,382,000	21,802,000	21,420,000	21,959,000	22,141,000	22,549,000	12,356,000	11,983,000	11,621,000	12,006,000	11,908,000	11,387,000	11,882,000	11,357,000	13,599,000	7,666,000	7,724,000	7,766,000	7,503,000	7,452,000	6,376,000	6,364,000	6,328,000	6,253,000	6,183,000	5,749,000	5,638,000	5,238,000	5,774,000	5,858,000	5,653,000	5,513,000	5,237,000	5,606,000	5,474,000	5,241,000	5,217,000	5,468,000	5,529,000	5,262,000	5,480,000	5,476,000	5,360,100	5,185,700	2,604,285	2,699,997	2,296,130	2,294,520	2,250,420	2,182,518	2,093,434	2,099,051	2,029,410	2,070,356	2,024,276	2,221,623	1,073,597	1,108,913	1,061,654	1,046,004	1,171,314	1,097,611	946,629	861,796	926,869	932,333	859,360	829,232	834,567	756,245	656,561	659,853	652,464	629,767	433,378	429,891	430,946	500,884	379,715	381,148	374,389	485,298	344,658	347,018	344,487
Net Invested Capital	49,532,000	50,091,000	48,928,000	48,833,000	48,072,000	48,232,000	45,258,000	43,655,000	43,247,000	42,783,000	42,264,000	41,749,000	41,573,000	42,310,000	42,478,000	42,803,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	1,627,000	1,648,000	1,580,000	1,876,000	1,759,000	1,808,000	1,657,000	1,693,000	1,269,000	1,436,000	1,370,000	1,408,000	1,174,000	1,232,000	1,229,000	1,308,000	1,105,000	1,118,000	1,170,000	1,452,000	1,171,000	991,000	979,000	1,026,000	1,044,000	1,047,000	1,106,000	1,133,000	1,051,000	837,000	834,000	877,000	855,000	796,000	814,000	945,000	838,000	1,983,000	628,000	865,000	682,000	523,000	591,000	675,000	536,000	410,000	509,000	696,000	644,000	469,000	589,000	700,000	655,000	443,000	517,000	604,000	595,000	357,000	449,000	735,000	681,000	458,000	736,000	792,000	635,000	423,200	471,100	268,588	285,619	207,306	194,473	214,232	204,169	183,885	183,424	189,967	169,649	147,666	158,274	141,074	130,251	131,011	142,221	164,091	136,072	121,735	106,204	114,229	102,156	67,377	81,111	86,561	76,800	57,284	61,345	68,948	64,345	0	0	0	70,455	0	0	0	58,186	0	0	0
Net Tangible Assets	0	6,099,000	6,081,000	5,700,000	5,395,000	5,337,000	5,240,000	4,789,000	4,602,000	4,469,000	4,530,000	4,209,000	3,991,000	3,894,000	4,079,000	3,863,000	3,644,000	2,326,000	2,388,000	1,428,000	183,391	981,111	816,017	645,861	522,120	689,104	509,063	234,357	-298,408	0	0	0	2,417,455	0	0	0	2,304,449	0	0	0	2,214,064	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-1,939,000	-1,846,000	-1,157,000	-1,989,000	-2,348,000	-2,316,000	-1,804,000	-1,777,000	-2,074,000	-890,000	-449,000	-1,485,000	-1,536,000	-1,025,000	-1,018,000	-2,008,000	-1,602,000	-1,720,000	-1,293,000	-1,363,000	-991,000	-1,468,000	-1,439,000	-1,288,000	-1,297,000	-1,887,000	-2,017,000	-2,004,000	-1,778,000	-533,000	-453,000	-784,000	-781,000	-263,000	50,000	-642,000	-721,000	-932,000	-908,000	-828,000	-788,000	-368,000	-156,000	-94,000	-215,000	-257,000	-98,000	-188,000	-200,000	-266,000	-260,000	-336,000	-313,000	-390,000	-288,000	-411,000	-468,000	-370,000	-313,000	-367,000	-547,000	-652,000	-572,000	-776,000	-740,000	-506,200	-726,200	-101,283	-156,115	-75,199	-98,027	-93,427	-110,605	-137,504	-188,604	-212,987	-281,093	-941,527	-1,088,389	-37,995	-85,462	-38,921	-92,144	-225,570	-154,345	-84,828	-62,994	-152,748	-138,378	-197,492	-131,872	-195,363	-96,138	-211,808	-199,516	-214,226	-136,707	-66,261	-52,607	-51,887	-55,968	-94,112	-89,249	-84,858	-93,555	-123,789	-72,149	-75,798
Non Current Assets Total	61,895,000	61,763,000	59,824,000	60,469,000	59,983,000	60,257,000	56,771,000	55,126,000	54,931,000	54,219,000	52,864,000	52,844,000	52,869,000	53,660,000	53,724,000	54,547,000	50,830,000	50,598,000	49,574,000	49,580,000	49,790,000	48,111,000	48,180,000	46,845,000	45,615,000	44,770,000	45,518,000	45,897,000	45,738,000	27,406,000	26,929,000	26,309,000	26,947,000	26,300,000	25,309,000	25,918,000	24,665,000	23,497,000	17,010,000	16,876,000	16,612,000	16,487,000	16,396,000	14,068,000	13,857,000	13,569,000	13,404,000	13,194,000	12,442,000	12,192,000	11,942,000	11,868,000	11,699,000	11,455,000	11,309,000	11,090,000	11,034,000	10,809,000	10,751,000	10,647,000	10,028,000	9,644,000	9,442,000	9,325,000	9,209,000	9,045,400	8,936,200	5,086,671	5,038,302	4,261,849	4,092,189	4,060,020	4,003,498	3,862,021	3,827,057	3,696,032	3,581,460	3,510,222	3,603,004	2,010,795	1,998,766	1,925,726	1,873,561	1,869,670	1,806,877	1,685,538	1,573,287	1,535,585	1,489,817	1,465,750	1,397,045	1,483,312	1,366,633	1,250,993	1,236,151	1,232,107	1,150,746	987,087	960,347	958,537	952,380	946,530	942,456	939,709	938,793	933,693	929,907	927,639
Non Current Liabilities Other	65,000	1,163,000	1,101,000	1,128,000	75,000	1,430,000	1,364,000	1,349,000	157,000	1,519,000	1,542,000	1,562,000	173,000	1,550,000	1,524,000	1,544,000	93,000	1,263,000	1,249,000	1,220,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	36,624,000	36,371,000	35,490,000	35,397,000	34,793,000	34,990,000	33,107,000	32,355,000	31,941,000	32,563,000	31,893,000	31,013,000	31,049,000	31,883,000	31,523,000	31,120,000	29,115,000	29,912,000	29,467,000	29,797,000	30,343,000	28,836,000	28,877,000	28,281,000	27,569,000	25,992,000	26,357,000	26,831,000	27,510,000	16,737,000	16,150,000	15,342,000	15,813,000	15,929,000	15,612,000	15,699,000	14,832,000	15,374,000	9,584,000	9,516,000	9,448,000	9,847,000	10,077,000	8,419,000	8,232,000	8,179,000	8,190,000	7,947,000	7,565,000	7,320,000	7,174,000	7,368,000	7,327,000	7,096,000	7,056,000	6,757,000	6,903,000	6,868,000	6,834,000	6,817,000	4,945,000	4,840,000	4,766,000	4,667,000	4,678,000	4,803,200	4,483,800	2,566,688	2,616,200	2,300,921	2,257,886	2,216,949	2,169,392	2,071,715	2,004,994	1,933,273	1,913,410	1,199,744	1,198,485	1,067,895	1,073,209	1,053,504	960,237	952,087	966,660	855,874	791,843	765,778	796,092	674,496	684,947	680,222	728,350	502,021	502,405	490,066	537,828	442,451	433,942	435,280	479,485	388,836	388,945	389,765	435,627	354,813	355,523	355,596
Non Currrent Assets Other	340,000	4,573,000	4,372,000	4,331,000	2,328,000	4,544,000	4,353,000	4,179,000	231,000	3,921,000	3,834,000	3,835,000	215,000	3,805,000	3,796,000	3,808,000	210,000	3,568,000	3,574,000	3,511,000	204,000	3,280,000	3,306,000	3,307,000	171,000	3,064,000	3,068,000	3,023,000	136,000	2,594,000	2,600,000	2,595,000	93,000	354,000	391,000	361,000	2,555,000	411,000	290,000	287,000	1,908,000	233,000	238,000	1,750,000	120,000	1,702,000	1,670,000	2,243,000	1,849,000	1,229,000	1,211,000	1,077,000	1,044,000	999,000	953,000	934,000	780,000	900,000	902,000	902,000	2,120,000	951,000	399,000	412,000	409,000	419,400	434,700	3,951,162	3,898,188	450,011	429,965	462,894	456,663	426,832	432,531	369,304	360,828	351,687	347,014	304,223	301,715	297,617	282,994	285,591	215,091	218,606	194,596	188,717	172,384	171,869	168,977	225,044	216,058	202,220	197,584	204,283	122,011	122,751	121,868	123,805	120,837	118,152	118,736	117,514	115,600	113,335	111,259	109,858
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	4,573,000	0	4,331,000	3,949,000	4,544,000	4,082,000	3,986,000	3,834,000	3,787,000	3,702,000	3,714,000	3,590,000	3,679,000	3,667,000	3,681,000	3,406,000	3,393,000	3,409,000	3,347,000	505,568	2,494,536	2,441,984	2,497,483	12,151,455	12,553,362	12,417,277	12,242,920	11,730,168	5,484,805	5,537,331	5,480,547	5,103,677	5,532,858	5,752,822	5,708,544	5,653,558	5,864,809	4,218,911	4,028,959	3,927,327	4,347,236	4,261,217	3,593,627	3,478,129	3,655,706	3,510,670	3,567,824	2,951,849	2,989,239	3,216,732	3,051,948	2,776,329	2,767,467	2,639,489	2,743,746	2,543,726	2,486,906	2,306,502	2,149,881	1,742,275	1,879,756	1,920,478	1,923,789	1,974,516	1,987,595	1,889,436	854,622	852,961	906,816	853,945	845,680	842,907	821,087	786,920	744,959	742,580	701,295	662,190	298,447	300,146	285,624	276,494	252,141	191,129	172,966	150,003	138,637	128,908	130,685	134,487	164,722	54,290	158,327	158,812	167,371	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Assets	1,057,000	745,000	730,000	995,000	1,494,000	739,000	559,000	500,000	734,000	568,000	570,000	547,000	665,000	436,000	395,000	417,000	617,000	348,000	333,000	330,000	510,000	469,000	485,000	478,000	390,000	270,000	306,000	325,000	389,000	209,000	201,000	247,000	317,000	235,000	253,000	279,000	357,000	225,000	147,000	179,000	200,000	146,000	178,000	129,000	236,000	98,000	122,000	168,000	210,000	241,000	196,000	201,000	241,000	299,000	256,000	304,000	223,000	196,000	217,000	232,000	174,000	159,000	100,000	20,000	138,000	208,300	182,300	68,805	49,924	50,791	45,169	43,848	43,075	16,898	21,572	19,507	19,449	0	38,688	0	0	0	0	0	0	0	321	321	321	484	6,425	0	0	0	0	0	0	52,875	61,312	66,058	0	49,389	57,461	74,530	2,221	51,199	62,813	70,708
Other Current Liab	2,296,000	641,000	618,000	469,000	2,596,000	509,000	484,000	449,000	1,931,000	471,000	430,000	430,000	1,841,000	438,000	428,000	555,000	1,970,000	682,000	640,000	726,000	2,068,000	680,000	587,000	505,000	1,643,000	463,000	455,000	479,000	1,621,000	312,000	304,000	285,000	460,000	238,000	223,000	210,000	342,000	209,000	155,000	149,000	247,000	108,000	114,000	110,000	170,000	932,000	82,000	79,000	149,000	141,000	392,000	144,000	116,000	203,000	204,000	381,000	277,000	166,000	245,000	337,000	173,000	123,000	357,000	194,000	100,000	83,200	115,700	47,492	49,044	52,563	38,238	41,736	66,815	21,901	28,766	41,085	38,654	43,720	56,118	11,161	1,062	5,782	8,971	7,662	7,662	0	11	11	11	42	1,226	31,480	31,024	31,542	31,419	34,013	31,908	128,209	117,970	122,279	31,301	152,622	154,507	174,764	29,820	185,143	143,467	157,615
Other Liab	0	8,859,000	0	8,587,000	8,492,000	8,720,000	8,217,000	7,962,000	7,869,000	7,843,000	7,621,000	7,586,000	7,572,000	7,736,000	7,636,000	7,675,000	7,125,000	6,949,000	6,871,000	6,810,000	1,055,897	5,218,545	5,072,804	5,116,549	3,320,845	2,115,277	2,021,597	2,088,184	2,210,150	1,862,290	1,871,567	1,853,760	1,800,448	1,930,154	2,030,737	2,083,071	2,154,720	1,979,641	1,535,001	1,444,344	1,439,330	1,563,531	1,566,162	1,309,009	1,313,243	1,185,992	1,160,389	1,176,827	863,980	790,401	866,722	843,125	777,332	762,802	732,670	742,565	694,867	708,941	660,475	609,040	557,199	623,767	639,506	631,517	635,096	634,796	584,154	359,633	358,425	99,231	96,711	130,702	129,538	78,177	76,237	30,514	24,795	20,013	96,455	51,198	50,631	46,169	46,129	41,883	39,082	48,580	46,340	43,189	30,663	41,357	43,674	63,316	56,383	64,826	65,392	66,864	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	9,000	9,000	8,000	8,000	10,000	8,000	8,000	8,000	10,000	9,000	8,000	10,000	11,000	11,000	10,000	10,000	11,000	11,000	11,000	12,000	11,000	10,000	10,000	9,000	10,000	10,000	9,000	12,000	12,000	12,000	12,000	13,000	14,000	15,000	14,000	14,000	15,000	17,000	17,000	17,000	17,000	16,000	16,000	15,000	15,000	3,107,000	3,086,000	3,065,000	3,046,000	2,991,000	2,933,000	2,624,000	2,595,000	2,573,000	2,554,000	2,536,000	2,513,000	15,000	15,000	2,477,000	-587,000	-530,000	-513,000	-524,000	-469,000	-428,400	-438,700	-447,601	-441,964	-455,873	-437,012	-417,118	-396,930	-391,340	-371,810	-347,694	-323,066	-318,328	-308,080	-296,019	-284,143	-282,423	-273,264	-267,645	-264,004	447,441	413,558	422,756	431,130	391,046	397,384	406,873	409,606	380,688	378,942	383,244	386,676	281,642	280,671	282,689	287,320	271,667	270,136	270,976	274,598	244,890	244,493	249,145
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1,256,873	1,293,743	1,297,466	1,251,832	1,219,109	1,207,769	1,236,195	1,408,124	1,399,354	1,314,934	1,366,879	1,456,816	1,434,426	1,566,130	1,625,145	1,151,720	1,112,217	1,156,924	1,192,047	1,055,540	1,089,693	1,116,710	928,433	896,843	920,468	580,563	563,756	614,490	610,183	593,781	575,260	556,077	583,021	329,848	324,542	298,418	275,178	285,174	325,975	339,830	118,897	122,404	123,449	115,865	105,866	105,040	109,766	0	0	274,007	274,643	260,734	264,227	265,611	248,962	127,349	93,909	94,828	90,917	91,315	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	58,374,000	0	0	0	56,210,000	0	0	0	0	0	36,230,000	36,069,000	36,038,000	36,250,000	36,105,000	36,507,000	34,034,000	33,598,000	32,752,000	32,593,000	32,654,000	31,727,000	31,559,000	30,506,000	29,668,000	29,067,000	29,419,000	29,598,000	29,337,000	20,205,000	19,772,000	19,181,000	19,595,000	18,933,000	18,122,000	18,675,000	17,816,000	16,929,000	12,508,000	12,424,000	12,267,000	12,005,000	11,923,000	10,414,000	10,249,000	9,978,000	9,834,000	9,064,000	8,687,000	9,053,000	8,843,000	8,907,000	8,762,000	8,607,000	8,499,000	8,304,000	8,246,000	8,053,000	7,977,000	7,845,000	7,908,000	7,124,000	7,481,000	7,351,000	7,241,000	7,074,700	6,940,200	468,460	468,984	3,250,114	3,138,162	3,072,012	3,020,669	2,906,850	2,862,687	2,795,153	2,688,136	2,625,118	2,720,305	1,619,919	1,609,477	1,539,334	1,501,151	1,499,502	1,506,289	1,411,058	1,345,853	1,314,030	1,284,595	1,260,274	1,193,432	1,222,837	1,114,411	1,011,983	1,001,045	989,570	989,748	824,617	798,028	793,549	789,627	785,731	780,340	778,083	778,348	774,781	772,339	770,740
Property Plant And Equipment Net	43,436,000	43,220,000	41,777,000	42,194,000	41,706,000	41,549,000	39,113,000	37,989,000	37,856,000	37,240,000	36,230,000	36,069,000	36,038,000	36,250,000	36,105,000	36,507,000	34,034,000	33,598,000	32,752,000	32,593,000	32,654,000	31,727,000	31,559,000	30,506,000	29,668,000	29,067,000	29,419,000	29,598,000	29,337,000	20,205,000	19,772,000	19,181,000	19,595,000	18,933,000	18,122,000	18,675,000	17,816,000	16,929,000	12,508,000	12,424,000	12,267,000	12,005,000	11,923,000	10,414,000	10,249,000	9,978,000	9,834,000	9,064,000	8,687,000	9,053,000	8,843,000	8,907,000	8,762,000	8,607,000	8,499,000	8,304,000	8,246,000	8,053,000	7,977,000	7,845,000	7,908,000	7,124,000	7,481,000	7,351,000	7,241,000	7,074,700	6,940,200	468,460	468,984	3,250,114	3,138,162	3,072,012	3,020,669	2,906,850	2,862,687	2,795,153	2,688,136	2,625,118	2,720,305	1,619,919	1,609,477	1,539,334	1,501,151	1,499,502	1,506,289	1,411,058	1,345,853	1,314,030	1,284,595	1,260,274	1,193,432	1,222,837	1,114,411	1,011,983	1,001,045	989,570	989,748	824,617	798,028	793,549	789,627	785,731	780,340	778,083	778,348	774,781	772,339	770,740
Property Plant Equipment	0	43,220,000	0	42,194,000	41,706,000	41,549,000	39,113,000	37,989,000	37,856,000	37,240,000	36,230,000	36,069,000	36,038,000	36,250,000	36,105,000	36,507,000	34,034,000	175,000	165,000	606,000	5,074,956	24,763,503	23,933,718	23,624,255	24,209,645	23,236,869	22,691,091	22,232,404	22,306,147	15,389,596	15,297,485	14,747,809	14,365,292	14,219,302	14,505,723	14,718,632	15,570,949	15,116,528	11,721,488	11,243,439	11,710,440	11,644,035	11,358,483	10,241,935	10,487,805	10,157,793	9,670,567	9,748,688	9,249,779	8,621,084	9,178,950	9,180,581	8,957,874	8,363,619	7,983,280	8,178,058	7,944,867	7,622,522	6,939,284	6,293,418	6,499,014	7,179,897	7,326,413	7,164,019	7,264,974	7,135,350	6,569,671	3,542,569	3,468,424	2,913,072	2,808,953	2,629,472	2,590,625	2,498,797	2,335,934	2,311,381	2,234,527	2,079,960	2,040,739	1,236,863	1,240,923	1,137,887	1,114,523	1,021,390	957,773	889,192	887,649	822,245	806,906	801,548	788,264	773,311	746,974	670,365	676,199	682,886	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	4,112,000	4,020,000	4,190,000	3,896,000	3,733,000	3,635,000	3,837,000	3,553,000	3,458,000	3,385,000	3,581,000	3,328,000	3,210,000	3,114,000	3,279,000	3,005,000	2,916,000	2,791,000	2,919,000	2,200,000	2,082,000	2,206,000	2,110,000	1,870,000	1,727,000	1,951,000	1,840,000	1,583,000	1,455,000	1,456,000	1,551,000	1,444,000	1,388,000	1,359,000	1,313,000	1,164,000	1,060,000	1,042,000	1,097,000	1,118,000	1,044,000	1,013,000	1,032,000	1,043,000	952,000	923,000	937,000	932,000	905,000	878,000	874,000	870,000	804,000	770,000	773,000	767,000	763,000	682,000	691,000	682,000	634,000	602,000	592,000	603,000	551,000	511,200	513,000	503,877	486,297	472,211	453,211	431,815	411,742	406,020	385,111	361,566	337,013	329,495	316,904	305,822	294,986	289,627	280,593	268,767	257,776	253,954	244,365	235,672	227,109	224,269	216,043	207,246	201,683	199,239	200,110	195,852	191,714	195,331	196,302	194,284	189,585	188,479	190,010	189,170	185,480	187,884	188,281	183,629
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	2,415,000	2,852,000	2,364,000	2,723,000	2,734,000	2,802,000	2,156,000	1,855,000	1,875,000	874,000	992,000	1,511,000	1,386,000	998,000	1,015,000	1,597,000	1,202,000	794,000	685,000	1,406,000	143,915	725,882	786,440	740,339	561,977	797,026	17,162,360	16,900,023	186,784	0	0	0	277,437	0	0	0	451,768	0	0	0	7,378,330	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	30,028,000	30,364,000	29,507,000	29,533,000	29,035,000	29,072,000	27,046,000	26,248,000	25,947,000	25,594,000	25,264,000	24,938,000	24,863,000	25,236,000	25,002,000	25,146,000	23,216,000	23,964,000	23,477,000	24,592,000	24,787,000	23,165,000	23,340,000	22,715,000	22,129,000	21,672,000	22,190,000	22,439,000	22,818,000	12,657,000	12,279,000	11,853,000	12,248,000	12,255,000	12,184,000	12,181,000	11,587,000	14,057,000	8,278,000	8,252,000	7,838,000	7,658,000	7,719,000	6,544,000	6,518,000	6,475,000	6,484,000	6,293,000	5,838,000	5,746,000	5,536,000	5,860,000	5,967,000	5,717,000	5,584,000	5,329,000	5,691,000	5,580,000	5,378,000	5,311,000	5,534,000	5,597,000	5,321,000	5,547,000	5,534,000	5,410,800	5,249,200	2,647,508	2,740,918	2,357,524	2,321,885	2,271,943	2,215,934	2,112,056	2,125,898	2,093,614	2,107,559	2,064,327	2,272,735	1,118,406	1,174,007	1,140,804	1,080,226	1,199,479	1,123,869	984,434	925,827	942,960	946,618	871,531	846,845	847,366	774,677	667,338	666,861	663,496	641,058	442,451	433,942	435,280	507,845	388,836	388,945	389,765	497,121	354,813	355,523	355,596
Short Term Debt	2,415,000	2,852,000	2,364,000	2,723,000	2,734,000	2,802,000	2,156,000	1,855,000	1,875,000	874,000	992,000	1,511,000	1,386,000	1,089,000	1,115,000	1,701,000	1,226,000	1,036,000	916,000	1,642,000	1,238,000	1,015,000	1,152,000	1,041,000	961,000	1,730,000	1,822,000	1,711,000	1,482,000	568,000	676,000	900,000	921,000	965,000	1,055,000	1,048,000	1,043,000	2,673,000	1,420,000	1,407,000	947,000	487,000	307,000	177,000	260,000	194,000	178,000	197,000	159,000	242,000	157,000	259,000	358,000	341,000	219,000	233,000	415,000	336,000	170,000	261,000	650,000	817,000	617,000	936,000	911,000	664,800	819,600	130,325	182,455	103,507	108,184	100,064	91,260	86,029	170,187	192,532	228,920	887,984	1,094,833	87,732	142,649	117,627	145,788	272,074	181,569	128,560	133,984	177,182	150,526	197,035	161,898	167,144	46,327	165,317	164,456	173,430	103,230	0	0	0	28,360	0	0	0	61,494	0	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	65,920,000	66,285,000	64,081,000	64,630,000	64,252,000	64,084,000	59,954,000	58,202,000	57,659,000	57,137,000	55,895,000	55,614,000	55,481,000	56,410,000	56,205,000	57,019,000	53,404,000	52,800,000	51,699,000	52,805,000	53,051,000	50,244,000	50,249,000	49,083,000	47,822,000	46,845,000	47,581,000	48,049,000	47,904,000	29,191,000	28,623,000	28,016,000	28,804,000	28,637,000	28,069,000	27,986,000	26,628,000	26,740,000	18,586,000	18,590,000	17,908,000	17,570,000	17,633,000	15,155,000	14,950,000	14,438,000	14,431,000	14,294,000	13,562,000	13,255,000	13,177,000	12,977,000	12,903,000	12,508,000	12,329,000	12,260,000	12,160,000	11,727,000	11,737,000	11,848,000	11,178,000	10,637,000	10,529,000	10,376,000	10,273,000	10,006,000	9,831,100	5,499,400	5,447,441	4,606,963	4,380,987	4,375,919	4,316,191	4,110,231	4,089,340	3,999,522	3,837,996	3,726,398	3,879,906	2,213,620	2,210,581	2,152,866	2,067,188	2,079,725	1,986,999	1,861,116	1,760,035	1,682,907	1,624,752	1,562,882	1,517,640	1,601,247	1,478,596	1,336,324	1,322,179	1,329,304	1,243,608	1,049,035	1,025,710	1,028,929	1,037,192	1,005,040	1,007,714	1,029,615	1,017,396	995,047	1,001,225	1,009,456
Total Current Assets	4,025,000	4,522,000	4,257,000	4,161,000	4,269,000	3,827,000	3,183,000	3,076,000	2,728,000	2,918,000	3,031,000	2,770,000	2,612,000	2,750,000	2,481,000	2,472,000	2,574,000	2,202,000	2,125,000	3,225,000	3,261,000	2,133,000	2,069,000	2,238,000	2,207,000	2,075,000	2,063,000	2,152,000	2,166,000	1,785,000	1,694,000	1,707,000	1,857,000	2,337,000	2,760,000	2,068,000	1,963,000	3,243,000	1,576,000	1,714,000	1,296,000	1,083,000	1,237,000	1,087,000	1,093,000	869,000	1,027,000	1,100,000	1,120,000	1,063,000	1,235,000	1,109,000	1,204,000	1,053,000	1,020,000	1,170,000	1,126,000	918,000	986,000	1,201,000	1,150,000	993,000	1,087,000	1,051,000	1,064,000	960,600	894,900	412,729	409,139	345,114	288,798	315,899	312,693	248,210	262,283	303,490	256,536	216,176	276,902	202,825	211,815	227,140	193,627	210,055	180,122	175,578	186,748	147,322	134,935	97,132	120,595	117,935	111,963	85,331	86,028	97,197	92,862	61,948	65,363	70,392	84,812	58,510	65,258	89,906	78,603	61,354	71,318	81,817
Total Current Liabilities	5,964,000	6,368,000	5,414,000	6,150,000	6,617,000	6,143,000	4,987,000	4,853,000	4,802,000	3,808,000	3,480,000	4,255,000	4,148,000	3,775,000	3,499,000	4,480,000	4,176,000	3,922,000	3,418,000	4,588,000	4,252,000	3,601,000	3,508,000	3,526,000	3,504,000	3,962,000	4,080,000	4,156,000	3,944,000	2,318,000	2,147,000	2,491,000	2,638,000	2,600,000	2,710,000	2,710,000	2,684,000	4,175,000	2,484,000	2,542,000	2,084,000	1,451,000	1,393,000	1,181,000	1,308,000	1,126,000	1,125,000	1,288,000	1,320,000	1,329,000	1,495,000	1,445,000	1,517,000	1,443,000	1,308,000	1,581,000	1,594,000	1,288,000	1,299,000	1,568,000	1,697,000	1,645,000	1,659,000	1,827,000	1,804,000	1,466,800	1,621,100	514,012	565,254	420,313	386,825	409,326	423,298	385,714	450,887	516,477	537,629	1,157,703	1,365,291	240,820	297,277	266,061	285,771	435,625	334,467	260,406	249,742	300,070	273,313	294,624	252,467	313,298	208,101	297,139	285,544	311,423	229,569	128,209	117,970	122,279	140,780	152,622	154,507	174,764	172,158	185,143	143,467	157,615
Total Liab	42,588,000	42,739,000	40,904,000	41,547,000	41,410,000	41,133,000	38,094,000	37,208,000	36,743,000	36,371,000	35,373,000	35,268,000	35,197,000	35,658,000	35,022,000	35,600,000	33,291,000	33,834,000	32,885,000	34,385,000	34,595,000	32,437,000	32,385,000	31,807,000	31,073,000	29,954,000	30,437,000	30,987,000	31,454,000	19,055,000	18,297,000	17,833,000	18,451,000	18,529,000	18,322,000	18,409,000	17,516,000	19,549,000	12,068,000	12,058,000	11,532,000	11,298,000	11,470,000	9,600,000	9,540,000	9,305,000	9,315,000	9,235,000	8,885,000	8,649,000	8,669,000	8,813,000	8,844,000	8,539,000	8,364,000	8,338,000	8,497,000	8,156,000	8,133,000	8,385,000	7,640,000	7,469,000	7,398,000	7,462,000	7,435,000	7,218,900	7,041,500	3,496,723	3,599,342	2,831,946	2,752,757	2,778,974	2,743,731	2,548,372	2,549,309	2,486,651	2,480,867	2,382,706	2,692,351	1,375,769	1,436,154	1,382,023	1,308,139	1,449,201	1,362,591	1,243,371	1,161,846	1,184,868	1,139,688	1,084,146	1,053,536	1,143,641	1,034,954	947,022	934,756	948,382	869,361	692,348	669,101	675,568	690,085	660,149	662,498	686,846	682,423	659,398	668,427	682,914
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	21,505,000	21,692,000	21,379,000	21,267,000	21,030,000	21,124,000	20,168,000	19,370,000	19,288,000	19,150,000	18,953,000	18,772,000	18,697,000	19,122,000	19,525,000	19,718,000	18,531,000	17,381,000	17,259,000	16,527,000	16,533,000	15,984,000	16,014,000	15,489,000	15,003,000	15,124,000	15,314,000	15,211,000	14,597,000	9,668,000	9,851,000	9,719,000	9,880,000	9,634,000	9,287,000	9,143,000	8,691,000	6,786,000	6,123,000	6,139,000	6,001,000	5,917,000	5,807,000	5,222,000	5,100,000	4,845,000	4,841,000	4,813,000	4,469,000	4,401,000	4,330,000	3,989,000	3,897,000	3,847,000	3,840,000	3,804,000	3,540,000	3,447,000	3,467,000	3,463,000	3,393,000	3,038,000	3,015,000	2,794,000	2,723,000	2,673,600	2,670,100	1,874,876	1,717,594	1,724,613	1,579,623	1,557,064	1,532,905	1,523,996	1,502,105	1,474,505	1,319,642	1,307,414	1,150,655	800,513	737,657	733,980	723,240	592,213	584,453	578,454	562,370	461,715	448,929	443,208	430,464	423,274	412,140	358,384	357,380	350,835	344,866	348,189	348,111	344,863	338,677	336,393	336,718	334,271	326,543	327,151	324,300	318,044
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in CAD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1995-12-31
Begin Period Cash Flow	209,000	131,000	249,000	370,000	332,000	327,000	269,000	242,000	230,000	72,000	154,000	87,000	109,000	85,000	66,000	58,000	41,000	33,416	37,203	65,094	26,258	14,285	18,432	11,291	6,587	11,823	7,587	9,866
Capital Expenditures	4,169,000	3,865,000	3,386,000	4,039,000	3,720,000	3,218,000	3,024,000	2,061,000	2,243,000	1,725,000	1,175,000	1,130,000	1,174,000	1,073,000	1,024,000	904,000	803,000	499,990	508,629	278,669	207,740	228,830	149,455	157,652	66,708	63,644	49,681	41,822
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	416,000	78,000	-118,000	-121,000	38,000	5,000	58,000	27,000	12,000	158,000	-82,000	67,000	-20,000	24,000	19,000	8,000	17,000	7,505	-3,787	-27,891	38,836	11,973	-4,147	7,141	4,704	-4,862	4,236	-4,368
Change In Working Capital	-81,000	-479,000	-144,000	-434,000	-168,000	-89,000	-97,000	22,000	41,000	-124,000	-45,000	78,000	98,000	-2,000	-41,000	18,000	-106,000	-73,103	-9,208	50,348	16,527	5,185	-25,737	20,394	15,225	5,920	-8,859	6,610
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	142,000	-479,000	-88,000	-84,000	1,000	-204,000	-74,000	43,000	14,000	53,000	-44,000	49,000	4,903	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-1,000	-153,000	-56,000	-36,000	-13,000	-8,000	-6,000	17,000	15,000	-11,000	7,000	3,000	30,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	449,000	164,000	-100,000	-8,000	99,000	119,000	25,000	-11,663	-105,843	-90,370	0	55,899	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	329,000	252,000	428,000	-135,000	284,000	578,000	236,000	6,116	102,401	-22,592	0	2,942	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-134,000	-164,000	-209,000	-254,000	24,000	-68,000	-80,000	711	-105,843	96,018	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1,773,000	1,668,000	1,505,000	1,428,000	1,350,000	1,243,000	1,179,000	983,000	873,000	688,000	541,000	470,000	422,000	408,000	360,000	0	0	0	0	0	0	0	0	0	0	0	0	37,998
Dividends Paid	768,000	737,000	671,000	851,000	561,000	525,000	484,000	388,000	309,000	256,000	237,000	216,000	189,000	230,000	161,000	176,000	134,000	76,624	62,368	48,828	36,420	33,175	28,016	25,737	23,788	23,309	22,453	22,048
End Period Cash Flow	625,000	209,000	131,000	249,000	370,000	332,000	327,000	269,000	242,000	230,000	72,000	154,000	89,000	109,000	85,000	66,000	58,000	40,921	33,416	37,203	65,094	26,258	14,285	18,432	11,291	6,961	11,823	5,498
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-624,000	-791,000	-479,000	-1,338,000	-1,057,000	-614,000	-268,000	-177,000	-570,000	-743,000	-276,000	-154,000	-270,000	-341,000	-387,000	-241,000	-430,000	-236,853	-205,204	-7,350	-47,106	-94,408	-55,340	-57,199	17,971	10,136	14,803	18,879
Investments	-4,146,000	-4,059,000	-3,488,000	-4,132,000	-2,768,000	-3,252,000	-3,025,000	-6,891,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	41,000	53,000	60,000	58,000	1,442,000	34,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	1,790,000	1,138,000	2,155,000	-665,000	1,184,000	375,000	5,646,000	-7,680	2,572,928	678,716	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	1,710,000	1,514,000	1,405,000	1,389,000	1,852,000	1,286,000	1,125,000	713,000	840,000	390,000	420,000	371,000	356,000	323,000	280,000	259,000	199,000	148,772	137,097	90,855	81,451	67,481	56,508	39,908	30,043	24,316	30,006	35,040
Other Cashflows From Financing Activities	-77,000	9,626,000	-76,000	-35,000	-62,000	-49,000	-113,000	5,929,000	-3,000	28,000	1,131,000	84,000	-64,000	45,000	-12,000	-159,000	547,000	318,645	176,539	257,716	94,731	408,694	162,315	121,235	61,430	5,511	111,653	18,954
Other Cashflows From Investing Activities	0	-94,000	-102,000	-93,000	-43,000	-34,000	-1,000	-39,000	907,000	90,354	24,475	26,204	0	21,063	15,209	44,379	69,228	24,476	37,376	0	0	0	0	2,127	0	0	0	0
Other Non Cash Items	-129,000	189,000	-6,000	92,000	-35,000	28,000	-22,000	10,000	-33,000	-20,000	-28,000	30,000	27,000	4,000	21,000	372,000	280,000	177,211	163,214	121,110	57,529	58,508	51,137	41,733	38,775	44,942	43,354	17,579
Sale Purchase Of Stock	9,901,000	0	6,521,000	9,118,000	7,301,000	7,270,000	4,623,000	-200,000	1,150,000	4,281,000	-125,000	367,000	343,000	773,000	737,000	0	0	0	-38	0	0	-50,000	0	0	0	0	-50,000	82,924
Stock Based Compensation	0	41,000	100,000	78,000	-583,000	0	27,000	58,000	-212,000	25,000	17,000	10,000	-3,000	2,000	12,000	0	0	0	0	0	0	0	0	0	0	0	0	-35,040
Total Cash From Financing Activities	613,000	1,035,000	451,000	1,327,000	154,000	644,000	339,000	5,050,000	-346,000	3,361,000	1,186,000	171,000	201,000	283,000	438,000	196,000	1,680,000	378,362	159,917	743,657	189,603	225,973	141,445	150,848	42,494	-9,769	-6,247	60,057
Total Cash From Operating Activities	3,545,000	3,074,000	2,907,000	2,701,000	2,663,000	2,604,000	2,756,000	1,884,000	1,673,000	982,000	899,000	976,000	904,000	732,000	637,000	663,000	373,000	263,137	303,425	271,319	160,634	134,422	94,115	100,453	84,679	73,780	64,484	60,701
Total Cashflows From Investing Activities	0	-4,059,000	-3,488,000	-4,132,000	-2,768,000	-3,252,000	-3,025,000	-6,891,000	-1,368,000	-3,613,286	-2,037,089	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31
Begin Period Cash Flow	765,000	690,000	576,000	209,000	395,000	338,000	365,000	131,000	225,000	599,000	317,000	249,000	494,000	380,000	272,000	370,000	228,000	191,000	233,000	332,000	195,000	197,000	333,000	327,000	252,000	231,000	298,000	269,000	301,000	296,000	232,000	242,000	347,000	797,000	299,000	230,000	458,000	612,000	528,000	72,000	155,000	267,000	168,000	154,000	147,000	231,000	110,000	87,000	108,000	298,000	86,000	109,000	64,000	71,000	92,000	85,000	106,000	137,000	94,000	66,000	68,000	59,000	67,000	58,000	50,700	63,500	43,223	40,921	61,394	27,365	21,523	33,416	18,622	26,847	64,204	37,203	40,051	51,112	44,809	65,094	79,150	34,222	28,165	26,258	37,805	64,031	16,091	14,285	12,171	17,613	12,799	18,432	10,777	7,008	11,032	11,291	9,073	4,051	4,334	6,961	9,121	7,797	15,376	11,823	10,155	8,505	11,109	7,587
Capital Expenditures	1,250,000	983,000	982,000	954,000	1,114,000	951,000	885,000	915,000	974,000	818,000	790,000	804,000	1,241,000	861,000	775,000	1,162,000	1,124,000	1,013,000	843,000	740,000	953,000	788,000	792,000	685,000	890,000	706,000	719,000	709,000	680,000	522,000	433,000	426,000	560,000	512,000	617,000	554,000	850,000	340,000	298,000	237,000	366,000	262,000	298,000	250,000	336,000	283,000	282,000	229,000	368,000	287,000	286,000	233,000	370,000	271,000	244,000	188,000	261,000	267,000	277,000	219,000	292,000	223,000	224,000	165,000	254,800	215,600	195,140	137,460	154,020	118,316	116,710	110,944	141,325	103,935	104,606	158,763	137,602	61,931	51,102	28,034	90,240	50,746	33,371	33,383	76,123	42,866	62,592	47,249	45,787	59,314	25,852	18,502	96,185	20,088	22,537	18,842	10,245	43,908	16,884	16,161	24,210	14,772	14,032	10,630	13,920	11,075	11,784	12,902
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-140,000	75,000	114,000	367,000	-186,000	57,000	-27,000	234,000	-94,000	-374,000	282,000	68,000	-245,000	114,000	108,000	-98,000	142,000	37,000	-42,000	-99,000	137,000	-2,000	-136,000	6,000	75,000	21,000	-67,000	29,000	-32,000	5,000	64,000	-10,000	-105,000	-450,000	498,000	69,000	-228,000	-154,000	84,000	456,000	-83,000	-112,000	99,000	14,000	7,000	-84,000	121,000	23,000	-19,000	-190,000	212,000	-23,000	45,000	-7,000	-21,000	7,000	-21,000	-31,000	43,000	28,000	-2,000	9,000	-8,000	9,000	7,300	-12,800	20,277	2,302	-20,473	34,029	5,842	-11,893	14,794	-8,225	-37,357	27,001	-2,848	-11,061	6,303	-20,285	-14,056	44,928	6,057	1,907	-11,547	-26,226	47,940	1,806	2,114	-5,442	4,814	-5,633	7,655	3,769	-4,024	-259	2,218	5,022	-283	-2,627	-2,160	1,324	-7,579	3,553	1,668	1,650	-2,604	3,522
Change In Working Capital	-225,000	-33,000	114,000	-19,000	-65,000	-351,000	-40,000	-23,000	-19,000	-78,000	40,000	-87,000	-103,000	-150,000	-27,000	-154,000	-188,000	120,000	38,000	-138,000	-61,000	50,000	10,000	-101,000	105,000	-20,000	-18,000	-164,000	-115,000	63,000	44,000	30,000	-38,000	-100,000	102,000	77,000	-61,000	-150,000	142,000	-55,000	-98,000	-85,000	120,000	18,000	-141,000	57,000	83,000	79,000	-4,000	-3,000	48,000	57,000	-55,000	-36,000	44,000	45,000	-100,000	-80,000	108,000	31,000	39,000	-31,000	1,000	9,000	10,500	-65,300	-43,389	-7,811	-46,653	16,822	-13,022	-30,250	3,021	30,532	-42,950	189	9,331	59,097	-4,844	-13,236	13,259	19,058	-2,650	-13,140	9,062	10,477	-1,123	-13,231	-1,823	10,532	-16,082	-18,364	7,741	18,480	-2,829	-2,998	-7,683	13,780	-3,352	12,480	3,157	11,531	2,371	-11,139	-6,862	12,649	-3,209	-11,437
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-279,000	-68,000	208,000	281,000	-360,000	-73,000	49,000	-95,000	-161,000	31,000	91,000	-49,000	-209,000	18,000	69,000	38,000	-189,000	55,000	237,000	-102,000	-33,104	-17,952	36,402	-16,000	-103,000	23,000	19,000	-13,000	-84,000	43,000	21,000	63,000	-130,000	51,000	117,000	-24,000	-118,000	83,000	233,000	-145,000	-234,000	64,000	205,000	-79,000	-175,000	96,000	187,000	-59,000	4,903	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	6,000	-69,000	-29,000	91,000	21,000	-129,000	-114,000	69,000	52,000	-108,000	-25,000	25,000	20,000	-55,000	-45,000	44,000	-13,000	-16,000	-7,000	23,000	-2,020	-21,855	-14,409	52,000	19,000	-36,000	-40,000	51,000	11,000	-39,000	-6,000	51,000	21,000	-48,000	-18,000	60,000	40,000	-67,000	-54,000	70,000	24,000	-35,000	-37,000	55,000	24,000	-48,000	-31,000	58,000	29,420	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	151,000	-132,000	0	358,000	74,000	9,000	8,000	110,000	65,000	-41,000	30,000	90,000	4,000	14,000	-208,000	155,000	93,000	-199,000	-57,000	21,447	98,345	-43,986	-82,862	94,859	11,192	-11,570	-4,507	18,604	0	0	0	-59,244	0	0	0	-105,843	0	0	0	-90,370	0	0	0	0	0	0	0	55,899	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	121,000	79,000	45,000	58,000	140,000	82,000	63,000	24,000	83,000	76,000	69,000	111,000	105,000	95,000	117,000	227,000	73,000	-446,000	67,000	7,149	66,344	109,207	6,970	460,741	107,123	74,817	78,870	175,621	0	0	0	31,067	0	0	0	102,401	0	0	0	-22,592	0	0	0	0	0	0	0	2,942	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-49,000	67,000	-19,000	-16,000	-143,000	16,000	-5,000	-35,000	-51,000	1,000	-79,000	-7,000	-51,000	-65,000	-86,000	-166,000	-7,000	-29,000	-52,000	-2,797	24,196	758	7,744	-54,205	64,753	12,341	-152,483	-59,533	0	0	0	3,612	0	0	0	-105,843	0	0	0	96,018	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	454,000	443,000	440,000	436,000	422,000	422,000	417,000	407,000	384,000	380,000	369,000	372,000	347,000	358,000	366,000	357,000	343,000	335,000	338,000	334,000	319,000	313,000	309,000	302,000	294,000	290,000	298,000	297,000	283,000	234,000	232,000	234,000	221,000	217,000	220,000	215,000	210,000	181,000	149,000	148,000	141,000	141,000	130,000	129,000	119,000	118,000	114,000	118,000	109,000	107,000	102,000	104,000	102,000	111,000	98,000	97,000	86,000	91,000	93,000	90,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dividends Paid	201,000	192,000	189,000	186,000	197,000	184,000	180,000	176,000	174,000	168,000	166,000	163,000	167,000	227,000	228,000	229,000	152,000	139,000	135,000	135,000	136,000	126,000	131,000	132,000	127,000	122,000	121,000	114,000	116,000	88,000	88,000	96,000	80,000	75,000	74,000	80,000	68,000	66,000	61,000	61,000	59,000	65,000	58,000	55,000	54,000	53,000	54,000	55,000	52,000	47,000	30,000	60,000	16,000	51,000	59,000	104,000	6,000	53,000	51,000	51,000	49,000	39,000	45,000	43,000	134,444	94,302	33,909	25,491	23,792	19,750	16,550	16,532	16,541	16,541	14,643	14,643	5,435	16,655	15,175	11,563	9,401	9,079	8,970	8,970	9,900	8,400	7,852	7,023	7,047	6,990	6,990	6,989	7,495	6,081	6,081	6,080	6,119	5,890	5,890	5,889	5,893	5,806	5,805	5,805	5,758	5,565	5,565	5,565
End Period Cash Flow	625,000	765,000	690,000	576,000	209,000	395,000	338,000	365,000	131,000	225,000	599,000	317,000	249,000	494,000	380,000	272,000	370,000	228,000	191,000	233,000	332,000	195,000	197,000	333,000	327,000	252,000	231,000	298,000	269,000	301,000	296,000	232,000	242,000	347,000	797,000	299,000	230,000	458,000	612,000	528,000	72,000	155,000	267,000	168,000	154,000	147,000	231,000	110,000	89,000	108,000	298,000	86,000	109,000	64,000	71,000	92,000	85,000	106,000	137,000	94,000	66,000	68,000	59,000	67,000	58,000	50,700	63,500	43,223	40,921	61,394	27,365	21,523	33,416	18,622	26,847	64,204	37,203	40,051	51,112	44,809	65,094	79,150	34,222	28,165	26,258	37,805	64,031	16,091	14,285	12,171	17,613	12,799	18,432	10,777	7,008	11,032	11,291	9,073	4,051	4,334	6,961	9,121	7,797	15,376	11,823	10,155	8,505	11,109
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-504,000	-43,000	-38,000	-39,000	-245,000	-318,000	-126,000	-102,000	-257,000	-107,000	-50,000	-65,000	-541,000	-175,000	-50,000	-572,000	-490,000	-156,000	-212,000	-199,000	-416,000	8,000	-110,000	-96,000	-124,000	94,000	-70,000	-168,000	-205,000	-44,000	15,000	57,000	-163,000	-154,000	-149,000	-104,000	-516,000	-278,000	23,000	28,000	-147,000	-160,000	-7,000	30,000	-164,000	-62,000	-27,000	99,000	-142,000	-136,000	-58,000	66,000	-220,000	-142,000	-40,000	61,000	-191,000	-204,000	-2,000	10,000	-78,000	-206,000	20,000	23,000	-102,600	-156,600	-126,897	-43,903	-94,522	-21,834	-58,951	-61,546	-66,930	-4,129	-54,720	-79,425	-55,181	52,473	-548	-4,094	-45,183	3,582	3,015	-8,520	-36,923	1,508	-31,388	-27,605	-19,004	-20,544	-8,353	-7,439	-68,810	10,212	-2,454	3,853	6,875	-10,657	1,513	20,240	-7,383	11,043	6,919	-443	-4,789	15,992	7,135	-3,535
Investments	-748,000	-1,040,000	-1,013,000	-941,000	-1,152,000	-100,000	-918,000	-916,000	-985,000	-845,000	-820,000	-838,000	-1,235,000	-900,000	-808,000	-1,189,000	-1,104,000	-1,031,000	99,000	-732,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	9,000	6,000	14,000	14,000	7,000	6,000	18,000	22,000	8,000	8,000	9,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	346,000	346,000	575,000	319,000	670,000	299,000	502,000	346,000	-52,000	538,000	306,000	444,000	542,000	466,000	703,000	-403,000	303,000	-782,000	217,000	113,609	103,028	67,496	180,438	298,924	46,367	104,898	-131,450	4,201,518	0	0	0	-39,015	0	0	0	2,572,928	0	0	0	678,716	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	435,000	445,000	346,000	484,000	420,000	371,000	330,000	393,000	371,000	342,000	296,000	396,000	376,000	336,000	324,000	353,000	407,000	324,000	765,000	356,000	308,000	322,000	292,000	364,000	155,000	321,000	312,000	337,000	225,000	158,000	142,000	188,000	163,000	179,000	278,000	220,000	136,000	32,000	63,000	159,000	116,000	67,000	70,000	167,000	102,000	59,000	77,000	133,000	94,000	68,000	69,000	125,000	95,000	55,000	66,000	107,000	85,000	41,000	58,000	96,000	81,000	54,000	32,000	92,000	80,600	32,300	43,029	43,071	35,471	38,750	37,946	36,605	22,263	37,450	38,188	39,196	9,884	30,274	27,920	22,777	17,611	20,900	22,330	20,610	17,953	17,989	16,545	14,994	12,953	15,216	15,787	12,552	13,088	5,210	10,339	11,271	6,628	4,919	7,908	10,588	3,901	4,275	6,645	9,495	3,354	5,168	10,217	11,267
Other Cashflows From Financing Activities	-55,000	-10,000	3,000	2,630,000	2,430,000	2,589,000	2,447,000	2,318,000	-6,000	-37,000	-24,000	-9,000	23,000	11,000	-47,000	-22,000	-13,000	-6,000	-23,000	-20,000	-5,000	-24,000	6,000	-26,000	-51,000	-30,000	-16,000	-16,000	1,339,000	541,000	-5,000	-9,000	-14,000	-2,000	12,000	1,000	12,000	4,000	1,000	11,000	15,000	414,000	18,000	20,000	81,000	11,000	14,000	-44,000	-121,000	20,000	40,000	17,000	50,000	232,000	158,000	242,000	195,000	147,000	255,000	203,000	-185,000	245,000	-220,000	1,000	84,100	173,500	310,209	-95,409	180,550	12,443	72,271	53,381	77,650	3,199	22,457	-16,274	67,503	-196,369	439,845	-53,263	43,317	58,687	-98,776	91,503	102,874	13,062	-3,941	45,070	27,135	16,274	4,197	114,709	45,011	275	-4,631	80,580	57,594	19,818	1,435	-17,417	15,824	-7,380	-10,202	7,269	7,355	-10,017	-3,302	13,031
Other Cashflows From Investing Activities	0	-33,000	-31,000	13,000	-38,000	-22,000	-33,000	-1,000	-11,000	-27,000	-30,000	-34,000	6,000	-39,000	-33,000	-27,000	20,000	932,000	950,000	8,000	-7,149	3,903	3,792	5,421	-797	17,587	-18,511	-8,263	8,186	0	1,547	9,995	659,634	412,317	386,617	788	90,354	107,152	109,643	108,597	24,475	5,820	7,621	7,868	26,204	14,252	10,817	5,046	0	4,761	3,114	0	21,063	24,293	15,968	8,864	15,209	12,159	8,600	3,965	44,379	26,303	14,690	6,822	69,228	49,319	34,078	0	24,476	0	0	0	37,376	0	0	0	0	4,729	2,128	0	0	0	0	0	0	0	0	0	0	0	0	0	2,127	5,339	5,889	147	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-71,000	21,000	20,000	-17,000	29,000	127,000	20,000	13,000	-57,000	23,000	16,000	12,000	10,000	105,000	2,000	-25,000	-11,000	25,000	-15,000	-34,000	-45,000	55,000	-12,000	43,000	-65,000	99,000	-54,000	-2,000	8,000	-7,000	-7,000	16,000	-14,000	38,000	-1,000	-56,000	16,000	-33,000	-32,000	29,000	45,000	-37,000	-14,000	-22,000	69,000	-13,000	-11,000	-8,000	28,000	-22,000	7,000	16,000	9,000	-1,000	-6,000	3,000	-9,000	9,000	15,000	6,000	97,000	-8,000	199,000	84,000	61,100	90,000	67,615	59,785	55,065	41,889	33,715	46,542	46,071	31,976	44,025	41,142	58,332	20,182	25,337	17,259	12,270	11,655	15,958	17,646	9,999	14,673	16,145	17,691	10,124	11,768	13,027	16,218	7,567	6,238	13,393	14,535	-2,315	14,552	13,841	13,333	9,769	10,009	11,935	11,831	12,639	9,250	11,911	9,537
Sale Purchase Of Stock	2,796,000	1,514,000	2,946,000	0	0	0	0	0	1,714,000	1,301,000	2,071,000	1,467,000	2,671,000	1,922,000	2,936,000	1,983,000	1,387,000	1,577,000	2,685,000	1,652,000	2,914,000	1,619,000	1,253,000	1,484,000	3,593,000	383,000	394,000	-160,000	3,469,000	-200,000	534,000	60,000	110,000	623,000	492,000	407,000	832,000	2,962,000	264,000	594,000	180,000	-125,000	583,000	88,000	146,000	17,000	228,000	7,000	304,000	-64,000	88,000	15,000	338,000	36,000	0	0	127,000	114,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	0	0	0	0	41,000	0	0	0	0	0	0	0	0	0	0	0	0	0	-583,000	0	3,000	-6,000	7,000	-4,000	17,000	0	9,000	1,000	35,000	1,000	9,000	13,000	5,000	-41,000	-179,000	3,000	17,000	9,000	8,000	-9,000	3,000	12,000	-4,000	-1,000	14,000	0	-11,000	1,000	-2,000	-3,000	1,000	-1,000	1,000	0	0	0	12,000	0	-3,000	3,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-134,000	150,000	209,000	388,000	103,000	471,000	124,000	337,000	174,000	-249,000	357,000	169,000	308,000	332,000	201,000	486,000	627,000	209,000	-776,000	94,000	598,000	-12,000	-31,000	89,000	191,000	-87,000	27,000	208,000	4,685,000	51,000	380,000	-66,000	-280,000	-388,000	166,000	156,000	257,000	2,748,000	55,000	301,000	31,000	35,000	1,097,000	23,000	154,000	-28,000	139,000	-94,000	125,000	-73,000	252,000	-103,000	228,000	117,000	3,000	-65,000	229,000	159,000	41,000	9,000	58,000	211,000	-37,000	-36,000	88,700	181,700	1,382,918	26,682	162,841	117,087	58,000	40,434	64,035	-11,329	10,440	96,771	69,287	-66,774	756,966	-15,822	35,676	51,040	16,383	86,504	93,029	6,520	84,211	42,213	22,452	10,747	-1,752	109,998	88,978	-4,877	-9,715	76,462	52,563	14,977	-3,227	-21,819	11,109	-11,978	-14,402	5,502	3,393	-12,334	-7,263	9,957
Total Cash From Operating Activities	746,000	940,000	944,000	915,000	869,000	633,000	759,000	813,000	717,000	711,000	740,000	739,000	700,000	686,000	725,000	590,000	634,000	857,000	631,000	541,000	537,000	796,000	682,000	589,000	766,000	800,000	649,000	541,000	475,000	478,000	448,000	483,000	397,000	358,000	468,000	450,000	334,000	62,000	321,000	265,000	219,000	102,000	291,000	280,000	172,000	221,000	255,000	328,000	226,000	151,000	228,000	299,000	150,000	129,000	204,000	249,000	70,000	63,000	275,000	229,000	214,000	17,000	244,000	188,000	152,200	59,000	68,243	93,557	59,498	96,482	57,759	49,398	74,395	99,806	49,886	79,338	82,421	114,404	50,554	23,940	45,057	54,328	36,386	24,863	39,200	44,374	31,204	19,644	26,783	38,770	17,499	11,063	27,375	30,300	20,083	22,695	-3,370	33,251	18,397	36,401	16,827	25,815	20,951	10,187	9,131	27,067	18,919	9,367
Total Cashflows From Investing Activities	0	-1,040,000	-1,040,000	-941,000	-1,152,000	-1,073,000	-918,000	-916,000	-985,000	-845,000	-820,000	-838,000	-1,235,000	-900,000	-808,000	-1,189,000	-1,104,000	-1,664,000	-633,000	-732,000	-155,261	-611,146	-600,637	-525,052	-2,411,319	-546,007	-571,539	-540,074	-5,127,995	0	0	0	-988,368	0	0	0	-3,613,286	0	0	0	-2,037,089	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in CAD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cost Of Revenue	3,771,000	3,952,000	2,951,000	2,562,000	2,520,000	2,495,000	2,361,000	2,341,000	2,561,000	2,197,000	1,617,000	1,522,000	1,697,000	1,686,000	1,799,000	2,112,000	1,287,000	540,485	798,085	640,731	448,856	303,280	262,781	280,456	0	0	243,119	-	230,095
Depreciation And Amortization	1,773,000	1,868,000	1,571,000	1,569,000	883,000	1,243,000	1,179,000	983,000	873,000	688,000	541,000	470,000	422,000	408,000	360,000	348,000	273,000	177,511	158,715	115,656	62,753	65,376	62,726	52,764	45,664	43,040	42,252	-	37,998
Discontinued Operations	0	0	0	0	0	0	0	0	0	4,303	4,707	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Ebit	3,235,000	2,740,000	2,469,000	2,508,000	3,038,000	2,425,000	2,601,000	1,497,000	1,457,000	1,048,000	867,000	800,000	806,000	742,000	706,000	700,000	541,000	355,153	356,461	263,844	200,816	173,120	147,181	113,399	103,327	91,371	104,860	474,300	94,034
Ebitda	5,008,000	4,608,000	4,040,000	4,077,000	3,921,000	3,668,000	3,780,000	2,480,000	2,330,000	1,736,000	1,408,000	1,270,000	1,228,000	1,150,000	1,066,000	1,048,000	814,000	532,664	515,176	379,500	263,569	238,496	209,907	166,163	148,991	134,411	147,112	474,300	132,032
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Extraordinary Items	0	0	0	0	0	44,000	-168,000	0	0	0	18,827	0	0	0	0	0	0	0	0	0	0	0	1,768	1,500	0	0	0	-	0
Gross Profit	7,746,000	7,091,000	6,497,000	6,373,000	6,263,000	5,895,000	5,940,000	4,497,000	4,166,000	3,204,000	2,430,000	2,132,000	2,050,000	1,978,000	1,838,000	1,791,000	1,431,000	931,251	1,441,471	1,146,128	843,080	715,465	628,254	584,575	505,218	474,354	250,707	474,300	216,940
Income Before Tax	2,070,000	1,803,000	1,639,000	1,620,000	2,141,000	1,451,000	1,713,000	858,000	1,063,000	451,000	432,000	432,000	436,000	390,000	341,000	324,000	235,000	181,310	207,513	137,782	111,866	95,740	80,809	54,392	56,716	50,480	59,455	-	52,340
Income Tax Expense	360,000	289,000	234,000	231,000	289,000	165,000	588,000	145,000	223,000	66,000	32,000	61,000	80,000	67,000	49,000	65,000	36,000	32,538	70,416	46,927	38,236	32,488	28,088	17,633	27,476	23,066	29,449	-36,400	20,334
Interest Expense	1,305,000	1,102,000	1,003,000	1,042,000	1,035,000	974,000	914,000	639,000	553,000	547,000	389,000	366,000	370,000	350,000	361,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	76,000	11,000	5,000	13,000	1,002,000	960,000	870,000	654,000	559,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Minority Interest	-137,000	-120,000	-111,000	1,587,000	1,582,000	1,923,000	1,746,000	1,853,000	67,275	9,466	9,414	9,071	8,826	10,030	11,407	10,684	15,050	6,520	5,331	4,717	2,983	2,689	2,379	2,111	0	0	0	-	0
Net Income	1,573,000	1,394,000	1,294,000	1,274,000	1,722,000	1,166,000	1,028,000	660,000	805,000	379,000	410,000	362,000	347,000	313,000	280,000	259,000	199,000	148,772	137,097	90,855	73,630	63,252	53,442	36,759	29,183	27,414	30,006	36,400	35,040
Net Income Applicable To Common Shares	0	1,330,000	1,231,000	1,209,000	1,655,000	1,100,000	963,000	585,000	728,000	268,479	313,471	317,476	311,856	285,858	249,049	201,348	193,639	126,243	117,579	75,524	56,769	40,219	31,349	23,139	0	0	0	-	0
Net Income From Continuing Ops	1,710,000	1,514,000	1,405,000	1,389,000	1,852,000	1,286,000	1,125,000	713,000	119,474	331,297	376,541	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Net Interest Income	-1,229,000	-1,091,000	-998,000	-1,029,000	-1,019,000	-959,000	-900,000	-671,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Operating Income	3,084,000	2,740,000	2,469,000	2,508,000	3,038,000	2,365,000	2,500,000	1,483,000	1,429,000	1,023,000	852,000	794,000	766,000	740,000	701,000	700,000	541,000	355,153	356,461	263,844	200,816	173,120	147,181	113,399	103,327	91,371	104,860	474,300	94,034
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Other Operating Expenses	8,433,000	8,303,000	6,979,000	6,427,000	6,322,000	6,026,000	5,801,000	5,355,000	5,298,000	4,378,000	3,195,000	2,860,000	2,981,000	2,924,000	2,936,000	3,203,000	2,177,000	1,116,583	1,085,010	882,284	642,264	542,345	481,073	471,176	401,891	382,983	388,966	-	353,001
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Reconciled Depreciation	1,773,000	1,668,000	1,505,000	1,428,000	1,350,000	1,243,000	1,179,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Selling General Administrative	0	0	0	0	477	1,000	724	317	1,565	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Tax Provision	360,000	289,000	234,000	231,000	289,000	209,000	420,000	145,000	223,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Total Operating Expenses	4,662,000	4,351,000	4,028,000	3,865,000	3,802,000	3,531,000	3,440,000	3,014,000	2,737,000	2,181,000	1,578,000	1,338,000	1,284,000	1,238,000	1,137,000	1,091,000	890,000	576,098	1,085,010	882,284	642,264	542,345	481,073	471,176	401,891	382,983	145,847	-	122,906
Total Other Income Expense Net	215,000	-937,000	-830,000	-888,000	-897,000	46,000	113,000	46,000	179,000	-38,000	-38,000	-1,000	40,000	-350,000	1,000	-376,000	-10,000	2,088	-4,271	-11,090	-3,952	-2,736	-161	-737	-2,975	638	-6,232	-	-41,694
Total Revenue	11,517,000	11,043,000	9,448,000	8,935,000	8,783,000	8,390,000	8,301,000	6,838,000	6,727,000	5,401,000	4,047,000	3,654,000	3,747,000	3,664,000	3,637,000	3,903,000	2,718,000	1,471,736	1,441,471	1,146,128	843,080	715,465	628,254	584,575	505,218	474,354	493,826	474,300	447,035

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31
Cost Of Revenue	899,000	773,000	787,000	1,312,000	1,268,000	804,000	797,000	1,083,000	885,000	624,000	593,000	849,000	726,000	572,000	514,000	750,000	669,000	522,000	496,000	833,000	685,000	574,000	507,000	729,000	605,000	478,000	524,000	754,000	684,000	485,000	480,000	692,000	664,000	533,000	531,000	833,000	709,000	406,000	403,000	679,000	474,000	356,000	282,000	505,000	430,000	235,000	291,000	566,000	490,000	246,000	358,000	603,000	508,000	259,000	367,000	552,000	520,000	253,000	319,000	707,000	685,000	320,000	439,000	668,000	557,700	272,200	242,500	214,666	220,003	188,821	200,087	218,022	206,163	183,730	180,777	210,788	192,961	154,504	123,221	136,988	119,896	93,876	101,616	110,892	90,720	68,113	68,575	76,485	68,700	56,415	66,193	75,779	78,407	57,929	64,676	81,039	0	0	0	0	0	0	53,588	77,466	66,364	44,792	53,967	77,996
Depreciation And Amortization	454,000	443,000	440,000	469,000	534,000	453,000	463,000	445,000	384,000	380,000	369,000	372,000	347,000	358,000	366,000	357,000	343,000	335,000	338,000	334,000	319,000	313,000	309,000	302,000	294,000	290,000	298,000	297,000	283,000	234,000	232,000	234,000	221,000	217,000	220,000	215,000	210,000	181,000	149,000	148,000	141,000	141,000	130,000	129,000	119,000	118,000	114,000	118,000	109,000	107,000	102,000	104,000	102,000	111,000	98,000	97,000	86,000	91,000	93,000	90,000	0	0	86,000	83,000	78,600	75,600	64,700	54,095	46,130	42,447	44,620	44,314	39,054	36,984	42,249	40,428	36,815	34,169	25,240	19,432	13,412	14,395	14,795	20,151	15,767	14,961	16,885	17,763	13,898	14,215	16,978	17,639	11,197	11,728	14,791	15,048	11,866	8,733	12,556	12,509	9,496	9,671	12,140	11,733	10,896	10,479	10,528	10,349
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,303	0	0	0	4,707	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	819,000	861,000	692,000	830,000	753,000	697,000	614,000	676,000	676,000	632,000	595,000	709,000	678,000	659,000	613,000	664,000	772,000	593,000	540,000	666,000	588,000	619,000	596,000	607,000	686,000	633,000	627,000	655,000	462,000	355,000	314,000	382,000	375,000	355,000	329,000	398,000	306,000	229,000	201,000	312,000	256,000	179,000	173,000	259,000	205,000	160,000	184,000	248,000	207,000	172,000	178,000	245,000	199,000	154,000	169,000	225,000	201,000	138,000	156,000	212,000	98,000	0	141,000	216,000	190,800	131,500	119,900	98,820	92,247	90,259	79,402	93,245	72,911	92,648	102,852	88,048	69,137	75,944	66,000	52,763	43,353	50,759	54,295	52,410	37,775	46,879	45,706	42,762	31,048	34,796	38,300	36,553	19,834	26,490	32,150	34,926	22,855	21,362	27,242	31,868	17,247	20,354	24,050	29,720	17,908	21,743	31,450	33,759
Ebitda	1,273,000	1,304,000	1,132,000	1,299,000	1,287,000	1,150,000	1,077,000	1,121,000	1,060,000	1,012,000	964,000	1,081,000	1,025,000	1,017,000	979,000	1,021,000	1,115,000	928,000	878,000	1,000,000	907,000	932,000	905,000	909,000	980,000	923,000	925,000	952,000	745,000	589,000	546,000	616,000	596,000	572,000	549,000	613,000	516,000	410,000	350,000	460,000	397,000	320,000	303,000	388,000	324,000	278,000	298,000	366,000	316,000	279,000	280,000	349,000	301,000	265,000	267,000	322,000	287,000	229,000	249,000	302,000	-59,000	233,000	227,000	299,000	269,400	207,100	184,600	152,915	138,377	132,706	124,022	137,559	111,965	129,632	145,101	128,476	105,952	110,113	91,240	72,195	56,765	65,154	69,090	72,561	53,542	61,840	62,591	60,525	44,946	49,011	55,278	54,192	31,031	38,218	46,941	49,974	34,721	30,095	39,798	44,377	26,743	30,025	36,190	41,453	28,804	32,222	41,978	44,108
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,967	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	18,827	0	-20,958	21,637	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,768	-1,626	1,689	163	1,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,986,000	1,946,000	1,807,000	2,007,000	1,900,000	1,749,000	1,690,000	1,752,000	1,698,000	1,572,000	1,537,000	1,690,000	1,620,000	1,549,000	1,563,000	1,641,000	1,657,000	1,529,000	1,474,000	1,603,000	1,521,000	1,466,000	1,440,000	1,468,000	1,506,000	1,423,000	1,491,000	1,520,000	1,410,000	1,025,000	997,000	1,065,000	1,044,000	1,033,000	1,007,000	1,082,000	984,000	791,000	653,000	776,000	699,000	615,000	508,000	608,000	569,000	479,000	501,000	583,000	522,000	475,000	492,000	561,000	529,000	461,000	469,000	524,000	498,000	411,000	435,000	494,000	497,000	407,000	409,000	478,000	460,400	378,800	323,400	268,380	393,111	341,947	345,851	390,827	353,084	341,650	364,946	381,789	337,169	303,653	254,513	250,793	210,624	191,445	205,582	235,429	196,218	169,927	166,565	182,756	154,344	137,636	157,780	180,238	146,532	127,482	143,723	166,838	135,249	103,530	121,700	144,739	114,535	100,457	61,579	66,729	55,548	56,207	69,193	69,759
Income Before Tax	554,000	537,000	395,000	584,000	524,000	436,000	383,000	460,000	438,000	391,000	344,000	466,000	433,000	394,000	382,000	411,000	473,000	356,000	890,000	422,000	338,000	374,000	353,000	386,000	429,000	427,000	414,000	443,000	260,000	198,000	170,000	230,000	213,000	219,000	354,000	277,000	162,000	24,000	72,000	193,000	147,000	74,000	36,000	175,000	119,000	66,000	91,000	156,000	117,000	80,000	84,000	155,000	114,000	60,000	81,000	135,000	103,000	47,000	68,000	123,000	98,000	147,000	51,000	121,000	101,500	34,400	49,200	49,930	44,961	45,469	40,327	50,553	31,299	56,985	61,831	57,398	32,417	39,666	36,928	28,771	21,003	26,614	32,754	31,496	17,531	27,016	26,742	24,451	13,035	17,862	23,956	19,513	6,525	10,776	16,938	20,154	10,179	10,191	15,732	20,614	9,806	9,009	13,015	18,650	6,918	10,219	20,195	22,123
Income Tax Expense	119,000	92,000	49,000	100,000	104,000	65,000	53,000	67,000	67,000	49,000	48,000	70,000	57,000	58,000	58,000	58,000	66,000	32,000	125,000	66,000	30,000	52,000	61,000	22,000	274,000	106,000	102,000	106,000	35,000	40,000	28,000	42,000	50,000	40,000	76,000	57,000	26,000	-8,000	9,000	39,000	29,000	7,000	-34,000	30,000	17,000	7,000	14,000	23,000	23,000	12,000	15,000	30,000	19,000	5,000	15,000	28,000	15,000	2,000	7,000	25,000	17,000	93,000	19,000	29,000	20,900	2,100	6,100	6,859	9,490	6,719	2,381	13,948	9,036	19,535	23,643	18,202	11,241	14,214	12,982	8,490	6,243	8,500	11,958	11,535	3,807	9,027	10,197	9,457	3,869	6,158	8,169	6,961	-3,414	5,566	6,598	8,883	4,354	5,272	7,824	10,026	2,807	4,734	6,370	9,155	3,564	5,051	9,978	10,856
Interest Expense	336,000	331,000	323,000	315,000	298,000	280,000	266,000	258,000	252,000	244,000	255,000	252,000	258,000	265,000	263,000	256,000	241,000	262,000	263,000	269,000	250,000	245,000	243,000	236,000	228,000	225,000	232,000	229,000	182,000	164,000	150,000	139,000	137,000	141,000	141,000	134,000	141,000	159,000	124,000	123,000	105,000	103,000	92,000	89,000	90,000	93,000	92,000	91,000	90,000	92,000	93,000	90,000	84,000	88,000	88,000	90,000	94,000	91,000	88,000	88,000	80,539	88,304	90,099	82,351	96,418	95,512	65,721	43,026	39,205	40,571	38,894	37,242	33,057	31,654	30,121	30,956	31,761	26,141	19,937	17,165	15,362	15,788	14,854	13,804	12,445	11,594	11,828	10,987	10,325	9,934	11,046	10,655	9,374	9,550	9,431	9,211	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	22,000	20,000	18,000	16,000	5,000	0	0	0	235,000	238,000	2,000	241,000	251,000	240,000	249,000	262,000	241,000	250,000	253,000	258,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-37,000	-34,000	-35,000	-31,000	-34,000	-29,000	-30,000	-27,000	-28,000	-31,000	1,569,000	1,574,000	1,587,000	1,630,000	1,658,000	1,701,000	1,582,000	1,585,000	1,555,000	1,893,000	298,865	1,422,885	1,403,003	1,383,877	3,986	21,584	29,310	20,281	14,883	6,855	13,153	5,382	6,502	6,759	12,007	1,576	2,582	2,679	2,811	1,810	2,824	2,910	1,905	1,967	2,016	3,054	2,950	1,009	1,961	2,857	3,114	1,031	3,009	2,915	2,818	985	2,852	3,741	2,580	1,586	4,109	3,758	-3,917	3,898	4,013	6,051	3,507	1,119	2,472	1,681	1,456	1,042	1,747	1,303	1,478	705	2,165	815	1,247	289	884	812	723	442	626	921	679	471	687	821	529	427	384	790	591	351	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	398,000	411,000	311,000	453,000	386,000	342,000	300,000	366,000	343,000	311,000	269,000	371,000	348,000	307,000	291,000	328,000	363,000	294,000	737,000	328,000	278,000	292,000	257,000	339,000	150,000	294,000	274,000	310,000	205,000	149,000	125,000	181,000	154,000	170,000	263,000	218,000	133,000	29,000	60,000	157,000	113,000	64,000	68,000	165,000	100,000	56,000	74,000	132,000	92,000	65,000	66,000	124,000	92,000	52,000	63,000	106,000	85,000	41,000	58,000	96,000	81,000	54,000	32,000	92,000	80,600	32,300	43,100	43,071	35,471	38,750	37,946	36,605	22,263	37,450	38,188	39,196	21,176	25,452	23,946	20,281	14,760	18,114	20,796	19,961	13,724	17,989	16,545	14,994	9,887	11,704	15,787	12,552	9,939	5,210	10,340	11,271	5,768	4,919	7,908	10,588	6,999	4,275	6,645	9,495	3,354	5,168	10,217	11,267
Net Income Applicable To Common Shares	0	394,000	294,000	453,000	370,000	326,000	284,000	350,000	328,000	295,000	253,000	355,000	331,000	292,000	274,000	312,000	346,000	278,000	720,000	311,000	40,564	215,423	182,011	250,136	106,815	222,240	198,226	220,837	140,646	96,732	82,785	124,558	97,536	113,406	195,309	156,053	97,238	12,501	44,045	124,887	94,135	48,497	51,443	126,869	87,684	45,811	60,970	122,124	83,358	55,233	60,203	120,594	85,256	43,728	51,663	98,483	76,996	33,670	45,580	72,958	62,459	46,031	28,401	88,685	79,262	31,266	39,246	35,909	29,064	34,732	33,965	31,332	19,093	32,193	31,161	32,412	17,603	20,166	17,964	15,485	11,380	13,389	15,440	13,596	8,726	11,336	10,912	9,382	6,222	9,202	8,850	9,551	4,307	4,069	7,278	7,346	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	435,000	445,000	346,000	484,000	420,000	371,000	330,000	393,000	371,000	342,000	296,000	396,000	376,000	336,000	324,000	353,000	407,000	324,000	765,000	356,000	47,868	251,327	221,447	281,886	869,669	316,572	-539,144	253,136	530,585	0	0	0	606,893	0	0	0	331,297	0	0	0	376,541	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-314,000	-311,000	-305,000	-299,000	-287,000	-280,000	-266,000	-258,000	-247,000	-244,000	-253,000	-250,000	-245,000	-265,000	-260,000	-251,000	-237,000	-258,000	-259,000	-265,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	779,000	821,000	654,000	830,000	753,000	697,000	614,000	676,000	646,000	598,000	557,000	668,000	650,000	602,000	598,000	658,000	690,000	585,000	1,110,000	653,000	578,000	596,000	578,000	613,000	608,000	629,000	622,000	641,000	463,000	352,000	311,000	373,000	351,000	355,000	329,000	394,000	291,000	226,000	197,000	309,000	247,000	175,000	172,000	258,000	203,000	158,000	183,000	250,000	176,000	168,000	176,000	245,000	198,000	148,000	169,000	225,000	196,000	138,000	156,000	211,000	-59,000	233,000	141,000	216,000	190,800	131,500	119,900	98,820	92,247	90,259	79,402	93,245	72,911	92,648	102,852	88,048	69,137	75,944	66,000	52,763	43,353	50,759	54,295	52,410	37,775	46,879	45,706	42,762	31,048	34,796	38,300	36,553	19,834	26,490	32,150	34,926	22,855	21,362	27,242	31,868	17,247	20,354	24,050	29,720	17,908	21,743	31,450	33,759
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	2,106,000	1,898,000	1,940,000	2,489,000	2,415,000	1,856,000	1,873,000	2,159,000	1,937,000	1,598,000	1,573,000	1,871,000	1,696,000	1,519,000	1,479,000	1,733,000	1,636,000	1,466,000	1,437,000	1,783,000	1,629,000	1,444,000	1,369,000	1,584,000	1,503,000	1,272,000	1,393,000	1,633,000	1,631,000	1,158,000	1,166,000	1,384,000	1,357,000	1,211,000	1,209,000	1,521,000	1,402,000	971,000	859,000	1,146,000	926,000	796,000	618,000	855,000	796,000	556,000	609,000	899,000	836,000	553,000	674,000	919,000	839,000	572,000	667,000	851,000	822,000	526,000	598,000	798,000	1,241,000	494,000	707,000	930,000	827,300	519,500	446,000	384,226	300,864	251,688	266,449	297,582	280,173	249,002	262,094	293,741	268,032	227,709	188,513	198,030	167,271	140,686	151,287	183,019	158,443	123,048	120,859	139,994	123,296	102,840	119,480	143,685	126,698	100,992	111,573	131,912	112,394	82,168	94,458	112,871	97,288	80,103	91,117	114,475	104,004	79,256	91,710	113,996
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	454,000	443,000	440,000	436,000	422,000	422,000	417,000	407,000	384,000	380,000	369,000	372,000	347,000	358,000	366,000	357,000	343,000	335,000	338,000	334,000	319,000	313,000	309,000	302,000	294,000	290,000	298,000	297,000	283,000	234,000	232,000	234,000	221,000	217,000	220,000	215,000	210,000	181,000	149,000	148,000	141,000	141,000	130,000	129,000	119,000	118,000	114,000	118,000	109,000	107,000	102,000	104,000	102,000	111,000	98,000	97,000	86,000	91,000	93,000	90,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	477	379	417	356	155	781	758	774	8,768	0	0	0	8,186	0	0	0	7,947	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax Provision	119,000	92,000	49,000	100,000	104,000	65,000	53,000	67,000	67,000	49,000	48,000	70,000	57,000	58,000	58,000	58,000	66,000	32,000	125,000	66,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	1,207,000	1,125,000	1,153,000	1,177,000	1,147,000	1,052,000	1,076,000	1,076,000	1,052,000	974,000	980,000	1,022,000	970,000	947,000	965,000	983,000	967,000	944,000	941,000	950,000	944,000	870,000	862,000	855,000	898,000	794,000	869,000	879,000	947,000	673,000	686,000	692,000	693,000	678,000	678,000	688,000	693,000	565,000	456,000	467,000	452,000	440,000	336,000	350,000	366,000	321,000	318,000	333,000	346,000	307,000	316,000	316,000	331,000	313,000	300,000	299,000	302,000	273,000	279,000	91,000	556,000	174,000	268,000	262,000	269,600	247,300	203,500	169,560	-239,621	251,688	266,449	297,582	280,173	249,002	262,094	293,741	268,032	227,709	188,513	198,030	167,271	140,686	151,287	183,019	158,443	123,048	120,859	139,994	123,296	102,840	119,480	143,685	126,698	100,992	111,573	131,912	112,394	82,168	94,458	112,871	97,288	80,103	37,529	37,009	37,640	34,464	37,743	36,000
Total Other Income Expense Net	89,000	27,000	46,000	-246,000	-229,000	-261,000	-231,000	-216,000	39,000	37,000	40,000	48,000	28,000	57,000	44,000	4,000	20,000	29,000	616,000	34,000	-4,000	23,000	18,000	5,000	46,000	19,000	21,000	27,000	16,000	9,000	7,000	-6,000	-3,000	3,000	165,000	14,000	9,000	-46,000	-4,000	3,000	3,000	-1,000	-45,000	5,000	5,000	-1,000	-1,000	-3,000	33,000	4,000	-4,000	-90,000	-84,000	-88,000	-88,000	-90,000	-93,000	-91,000	-88,000	-88,000	157,000	-86,000	-90,000	-4,000	2,900	-4,400	-200	-4,179	10,647	-3,783	-303	-4,473	-4,222	-387	-5,113	5,451	-2,867	-3,793	-2,312	-2,118	-1,704	-1,688	-560	-20,914	-504	-744	-744	-744	-1,464	-744	2,405	-744	1,494	-743	-743	-744	-689	-799	-743	-744	2,869	-744	-743	-744	-738	-1,832	-1,831	-1,831
Total Revenue	2,885,000	2,719,000	2,594,000	3,319,000	3,168,000	2,553,000	2,487,000	2,835,000	2,583,000	2,196,000	2,130,000	2,539,000	2,346,000	2,121,000	2,077,000	2,391,000	2,326,000	2,051,000	1,970,000	2,436,000	2,206,000	2,040,000	1,947,000	2,197,000	2,111,000	1,901,000	2,015,000	2,274,000	2,094,000	1,510,000	1,477,000	1,757,000	1,708,000	1,566,000	1,538,000	1,915,000	1,693,000	1,197,000	1,056,000	1,455,000	1,173,000	971,000	790,000	1,113,000	999,000	714,000	792,000	1,149,000	1,012,000	721,000	850,000	1,164,000	1,037,000	720,000	836,000	1,076,000	1,018,000	664,000	754,000	1,201,000	1,182,000	727,000	848,000	1,146,000	1,018,100	651,000	565,900	483,046	393,111	341,947	345,851	390,827	353,084	341,650	364,946	381,789	337,169	303,653	254,513	250,793	210,624	191,445	205,582	235,429	196,218	169,927	166,565	182,756	154,344	137,636	157,780	180,238	146,532	127,482	143,723	166,838	135,249	103,530	121,700	144,739	114,535	100,457	115,167	144,195	121,912	100,999	123,160	147,755

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

Gross Profit (+$)
totalRevenue	11,517,000
Cost of Revenue	-3,771,000
Gross Profit	7,746,000	7,746,000

Operating Income (+$)
Gross Profit	7,746,000
Operating Expense	-4,662,000
Operating Income	3,084,000	3,084,000

Operating Expense (+$)
Research Development	0
Selling General Administrative	0
Selling And Marketing Expenses	0
Operating Expense	4,662,000	0

Net Interest Income (+$)
Interest Income	76,000
Interest Expense	-1,305,000
Other Finance Cost	-0
Net Interest Income	-1,229,000

Pretax Income (+$)
Operating Income	3,084,000
Net Interest Income	-1,229,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	2,070,000	2,869,000 EBIT - interestExpense = 1,930,000 1,933,000 2,878,000
Interest Expense	1,305,000
Earnings Before Interest and Taxes (EBIT)	3,235,000	3,375,000
Earnings Before Interest and Taxes (EBITDA)	5,008,000

After tax Income (+$)
Income Before Tax	2,070,000
Tax Provision	-360,000
Net Income From Continuing Ops	1,710,000	1,710,000
Net Income	1,573,000
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	8,433,000
Total Other Income/Expenses Net	215,000	1,229,000

Technical Analysis of Fortis Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Fortis Inc. The general trend of Fortis Inc is BEARISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Fortis Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (-85.7%)		Bearish trend (85.7%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

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

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

Score

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

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 37.77 < 37.82 < 38.25.

The bearish price targets are: 35.77 > 35.52 > 32.66.

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Fortis Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Fortis Inc. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

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 Fortis Inc. The current macd is -0.38809362.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-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 Fortis Inc price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Fortis Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Fortis Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Fortis Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Fortis Inc. The current adx is 22.64.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-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 Fortis Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1

Fortis Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Fortis Inc. The current sar is 39.49.

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

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 Fortis Inc. The current rsi is 30.46. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Fortis Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Fortis Inc. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -4/(-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 Fortis Inc price going down in the near term. -2
Trending up: The STOCH %K is trending up. +1

Fortis Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Fortis Inc. The current cci is -199.56200318.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1

Fortis Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Fortis Inc. The current cmo is -52.92971656.

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

Fortis Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Fortis Inc. The current willr is -90.21276596.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1

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 Fortis Inc.

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 Fortis Inc. The current atr is 0.55780562.

Fortis Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Fortis Inc. The current obv is -3,078,704.

Fortis Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Fortis Inc. The current mfi is 36.02.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Fortis Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Fortis Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-11-24	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-11-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-11-28	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2023-11-29	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-11-30	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-04	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-06	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-08	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-11	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2023-12-12	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-13	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-15	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-18	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2023-12-27	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2023-12-28	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2023-12-29	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-01-04	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-10	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-11	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-17	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-30	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-01	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-05	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-08	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-16	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-20	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-21	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-22	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-26	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-27	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-03-04	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-05	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-06	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-07	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-14	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-19	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-21	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-22	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-26	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-28	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-05	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	30.463
Ma 20	Greater than	Ma 50	39.025
Ma 50	Greater than	Ma 100	39.127
Ma 100	Greater than	Ma 200	39.690
Open	Greater than	Close	37.910
Total			2/5 (40.0%)

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Quick analysis of Fortis Inc (30 sec.)

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1. Valuation of Fortis Inc (5 min.)

$37.54

$34.37

$-14.73 - $-4.96

$19.64 - $29.41

2. Growth of Fortis Inc (5 min.)

Is Fortis Inc growing?

How much money is Fortis Inc making?

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

3. Financial Health of Fortis Inc (5 min.)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

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Linear %

Fundamentals of Fortis Inc

About Fortis Inc

Financial Health

Valuation

1.1. Profitability of Fortis Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of Fortis Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Fortis Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Fortis Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Fortis Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Fortis Inc
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