First United Corporation
Buy, Hold or Sell?

Let's analyse First United Corporation together

Penke I guess you are interested in First United Corporation. 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 First United Corporation. 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 First United Corporation (30 sec.)

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

How much money do you get?

$0.78

When do you have the money?

1 year

How often do you get paid?

97.5%

What is your share worth?

Current worth

$24.33

Expected worth in 1 year

$25.98

How sure are you?

72.5%

+ What do you gain per year?

Total Gains per Share

$2.43

Return On Investment

11.0%

For what price can you sell your share?

Current Price per Share

$22.10

Expected price per share

$21.41 - $23.37

How sure are you?

50%

1. Valuation of First United Corporation (5 min.)

Live pricePrice per Share (EOD)

$22.10

Book Value per Share

$24.33

Intrinsic Value Per Share

$2.55 - $35.56

Total Value Per Share

$26.88 - $59.89

My calculation of the intrinsic value of First United Corporation 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: ($0.51) 3Y: ($0.80) TTM: ($0.83)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($-0.02) TTM: ($-0.04)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$1.74	$3.24	$1.66 - $3.38
2	$3.05	$6.58	$1.30 - $3.57
3	$3.97	$9.99	$0.94 - $3.76
4	$4.55	$13.48	$0.57 - $3.95
5	$4.81	$17.03	$0.21 - $4.15
6	$4.80	$20.64	$-0.16 - $4.34
7	$4.54	$24.31	$-0.52 - $4.53
8	$4.06	$28.02	$-0.88 - $4.72
9	$3.39	$31.77	$-1.25 - $4.91
10	$2.55	$35.56	$-1.61 - $5.11

2. Growth of First United Corporation (5 min.)

Is First United Corporation growing?

	Current year	Previous year	Grow	Grow %
How rich?	$161.8m	$138.4m	$17.7m	11.4%

How much money is First United Corporation making?

	Current year	Previous year	Grow	Grow %
Making money	$3.7m	$6.2m	-$2.4m	-66.3%
Net Profit Margin	19.6%	2,264.3%	-	-

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

Quarterly Yearly

3. Financial Health of First United Corporation (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

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

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

What can you expect buying and holding a share of First United Corporation?

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

Speculation

The Price per Share of First United Corporation is $22.10. 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 First United Corporation.
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 First United Corporation, 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 $24.33. Based on the TTM, the Book Value Change Per Share is $0.41 per quarter. Based on the YOY, the Book Value Change Per Share is $0.33 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 $0.19 per quarter.

Based on historical numbers we can estimate the returns while holding a share of First United Corporation.

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	0.26	1.2%	0.56	2.5%	0.94	4.2%	0.64	2.9%	0.44	2.0%
Usd Book Value Change Per Share	1.29	5.9%	0.41	1.9%	0.33	1.5%	0.39	1.8%	0.23	1.0%
Usd Dividend Per Share	0.20	0.9%	0.19	0.9%	0.15	0.7%	0.15	0.7%	0.14	0.6%
Usd Total Gains Per Share	1.49	6.8%	0.61	2.7%	0.48	2.2%	0.54	2.4%	0.37	1.7%
Usd Price Per Share	23.51	-	17.71	-	19.37	-	17.93	-	15.40	-
Price to Earnings Ratio	22.24	-	10.04	-	5.25	-	8.41	-	11.27	-
Price-to-Total Gains Ratio	15.73	-	53.48	-	-3,223.16	-	-630.88	-	-308.50	-
Price to Book Ratio	0.97	-	0.76	-	0.93	-	0.91	-	0.84	-
Price-to-Total Gains Ratio	15.73	-	53.48	-	-3,223.16	-	-630.88	-	-308.50	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	22.1
Number of shares	45

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.19	0.15
Usd Book Value Change Per Share	0.41	0.39
Usd Total Gains Per Share	0.61	0.54
Gains per Quarter (45 shares)	27.30	24.14
Gains per Year (45 shares)	109.18	96.56

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	35	74	99	26	70	87
2	70	148	208	52	141	184
3	105	222	317	79	211	281
4	140	297	426	105	281	378
5	175	371	535	131	352	475
6	210	445	644	157	422	572
7	245	519	753	184	492	669
8	280	593	862	210	563	766
9	315	667	971	236	633	863
10	350	741	1080	262	703	960

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%	39.0	1.0	0.0	97.5%	121.0	7.0	0.0	94.5%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	13.0	7.0	0.0	65.0%	28.0	12.0	0.0	70.0%	96.0	31.0	1.0	75.0%
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%	39.0	0.0	1.0	97.5%	108.0	0.0	20.0	84.4%
Total Gains per Share	4.0	0.0	0.0	100.0%	8.0	4.0	0.0	66.7%	14.0	6.0	0.0	70.0%	29.0	11.0	0.0	72.5%	103.0	25.0	0.0	80.5%

Fundamentals of First United Corporation

About First United Corporation

https://mybank.com
Banks - Regional
304
19 South Second Street, Oakland, MD, United States, 21550-0009
Google Maps Bing Maps

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. It offers various deposit products, which includes checking, savings, and money market deposit accounts, as well as certificates of deposit. The company loan portfolio includes commercial loans secured by real estate, commercial equipment, vehicles, or other assets of the borrower; commercial real estate loans for residential and commercial development, agricultural purpose properties, and service industry buildings; residential mortgage loans; home equity lines of credit; residential real estate construction loans; and indirect and direct auto loans, student loans, term loans, and other secured and unsecured lines of credit and term loans. It also offers access to multi-million-dollar certificates of deposit and the insured cash sweep program including multi-million-dollar savings and demand deposits to municipalities, businesses, and consumers; and treasury management, cash sweep, and various checking services. In addition, the company provides trust services, which includes personal trust, investment agency accounts, charitable trusts, retirement accounts including IRA roll-overs, 401(k) accounts and defined benefit plans, estate administration, and estate planning; and insurance products, brokerage services, and safe deposit and night depository facilities. First United Corporation was incorporated in 1984 and is headquartered in Oakland, Maryland.

Fundamental data was last updated by Penke on 2024-04-11 08:27:02.

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 efficient.
The company is very efficient in keeping operating costs low.

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of First United Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit First United Corporation earns for each $1 of revenue.

Above 10% is considered healthy but always compare First United Corporation to the Banks - Regional industry mean.
A Net Profit Margin of 7.6% means that $0.08 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of First United Corporation:

The MRQ is 7.6%. The company is making a profit. +1
The TTM is 19.6%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	7.6%	TTM	19.6%	-12.0%
TTM	19.6%	YOY	2,264.3%	-2,244.8%
TTM	19.6%	5Y	470.4%	-450.8%
5Y	470.4%	10Y	243.1%	+227.3%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	7.6%	18.4%	-10.8%
TTM	19.6%	28.0%	-8.4%
YOY	2,264.3%	25.2%	+2,239.1%
5Y	470.4%	22.8%	+447.6%
10Y	243.1%	19.8%	+223.3%

Measures how much net profit First United Corporation earns for each $1 of revenue.

Revenue is the amount of profit First United Corporation 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 First United Corporation 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 First United Corporation to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

You typically want a high profit margin. This means that for each $1 in sales, First United Corporation makes more profit. This shows the investor how efficiently First United Corporation is operating in general and compared to other companies in the same industry. First United Corporation operates in the Banks - Regional industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of First United Corporation. If profit margins remain low (compared to the Banks - Regional 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 First United Corporation is 0.08. This means that First United Corporation earned $0.08 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 Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation 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 First United Corporation with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when First United Corporation sells assets (profit will increase while costs remain the same).
It won’t show what part of First United Corporation 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 First United Corporation

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 First United Corporation = 1,758
Total revenue MRQ First United Corporation = 23,199
$1,758 / $23,199 = 0.08 or 7.6%

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 First United Corporation is using its assets to generate profit.

Above 5% is considered healthy but always compare First United Corporation to the Banks - Regional industry mean.
0.1% Return on Assets means that First United Corporation generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of First United Corporation:

The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.1%	TTM	0.2%	-0.1%
TTM	0.2%	YOY	0.3%	-0.2%
TTM	0.2%	5Y	0.3%	-0.1%
5Y	0.3%	10Y	0.2%	+0.1%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.1%	0.1%	0.0%
TTM	0.2%	0.2%	0.0%
YOY	0.3%	0.2%	+0.1%
5Y	0.3%	0.2%	+0.1%
10Y	0.2%	0.2%	+0.0%

Shows how efficient First United Corporation 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 First United Corporation to the Banks - Regional 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 First United Corporation is using its resources to generate profit. If the return on assets (0.1%) from First United Corporation are higher than the Banks - Regional mean (0.1%) that means First United Corporation 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 First United Corporation is 0.1%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation 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 First United Corporation

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

Income statement
Balance sheet

Net income MRQ (income statement) from First United Corporation = 1,758
Total assets MRQ (balance sheet) from First United Corporation = 1,912,681
1,758 / 1,912,681 = 0.00 or 0.1%

ROA is an important ratio as it will tell you how effectively First United Corporation 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 First United Corporation is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare First United Corporation to the Banks - Regional industry mean.
1.1% Return on Equity means First United Corporation generated $0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of First United Corporation:

The MRQ is 1.1%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.4%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.1%	TTM	2.4%	-1.3%
TTM	2.4%	YOY	4.5%	-2.1%
TTM	2.4%	5Y	3.2%	-0.8%
5Y	3.2%	10Y	2.5%	+0.7%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	1.1%	1.4%	-0.3%
TTM	2.4%	2.5%	-0.1%
YOY	4.5%	2.7%	+1.8%
5Y	3.2%	2.5%	+0.7%
10Y	2.5%	2.8%	-0.3%

Shows how efficient First United Corporation 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 First United Corporation to the Banks - Regional 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 Banks - Regional 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 First United Corporation is 1.1%. This means First United Corporation generated $0.01 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation up to 10 years back (depending if First United Corporation 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 First United Corporation

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) First United Corporation = 1,758
Shareholders equity (balance sheet) MRQ First United Corporation = 161,873
1,758 / 161,873 = 0.01 or 1.1%

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 First United Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient First United Corporation is operating .

Measures how much profit First United Corporation 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 First United Corporation to the Banks - Regional industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of First United Corporation:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	23.5%	-23.5%
TTM	23.5%	YOY	3,403.9%	-3,380.4%
TTM	23.5%	5Y	703.1%	-679.6%
5Y	703.1%	10Y	363.2%	+339.9%

Measures how efficient First United Corporation 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 First United Corporation to the Banks - Regional 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 First United Corporation 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 First United Corporation is 0.0%. This means that First United Corporation earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation 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 First United Corporation

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ First United Corporation = 19,442
Total revenue MRQ First United Corporation = 23,199
$19,442 / $23,199 = 0.00 or 0.0%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient First United Corporation is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.16 means that the operating costs are $0.16 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of First United Corporation:

The MRQ is 0.162. The company is very efficient in keeping operating costs low. +2
The TTM is 0.247. The company is very efficient in keeping operating costs low. +2

Trends

Current period		Compared to		+/-
MRQ	0.162	TTM	0.247	-0.085
TTM	0.247	YOY	53.020	-52.773
TTM	0.247	5Y	11.109	-10.862
5Y	11.109	10Y	6.010	+5.099

Measures how efficient First United Corporation 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 First United Corporation to the Banks - Regional 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 First United Corporation is 16.2%. This means that First United Corporation earned $0.16 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation 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 First United Corporation

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
(0 +3,757) \ 23,199 = 0.16

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 First United Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Measures if First United Corporation is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.04 means the company has $0.04 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of First United Corporation:

The MRQ is 0.044. The company is unable to pay all its short-term debts. -2
The TTM is 2.967. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	0.044	TTM	2.967	-2.923
TTM	2.967	YOY	0.782	+2.185
TTM	2.967	5Y	1.331	+1.636
5Y	1.331	10Y	1.203	+0.129

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	2.967	0.124	+2.843
YOY	0.782	0.225	+0.557
5Y	1.331	0.219	+1.112
10Y	1.203	0.131	+1.072

Measures if First United Corporation 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 Banks - Regional 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 First United Corporation 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 First United Corporation is 0.04. This means First United Corporation has $0.04 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation 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 First United Corporation

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
61,733 \ 1,388,590) = 0.04

The current ratio measures if First United Corporation 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 First United Corporation 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 First United Corporation 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 First United Corporation 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 First United Corporation is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare First United Corporation to the Banks - Regional industry mean.
A Quick Ratio of 0.18 means the company can pay off $0.18 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of First United Corporation:

The MRQ is 0.180. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 4.303. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.180	TTM	4.303	-4.123
TTM	4.303	YOY	10.523	-6.220
TTM	4.303	5Y	16.693	-12.389
5Y	16.693	10Y	18.565	-1.873

Measures if First United Corporation 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 First United Corporation to the Banks - Regional 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 First United Corporation can pay off its short term debts. This shows if First United Corporation 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 First United Corporation is 0.18. This means that First United Corporation can pay off $0.18 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation 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 First United Corporation

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 First United Corporation: (145,512 + 97,169 +7,487) / 1,388,590 = 0.18

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 First United Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of First United Corporation assets are financed with debt.

Below 1 (100%) is considered healthy but always compare First United Corporation to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.92 means that First United Corporation assets are financed with 91.5% credit (debt) and the remaining percentage (100% - 91.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of First United Corporation:

The MRQ is 0.915. The company is just able to pay all its debts by selling its assets.
The TTM is 0.919. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.915	TTM	0.919	-0.004
TTM	0.919	YOY	0.923	-0.004
TTM	0.919	5Y	0.920	-0.001
5Y	0.920	10Y	0.917	+0.003

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.915	0.915	+0.000
TTM	0.919	0.917	+0.002
YOY	0.923	0.919	+0.004
5Y	0.920	0.919	+0.001
10Y	0.917	0.927	-0.010

Measures how much % of First United Corporation assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake First United Corporation than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare First United Corporation to Banks - Regional 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 First United Corporation is 0.92. This means means that First United Corporation is financed with 91.5% 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation 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 First United Corporation has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example First United Corporation

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,750,808 \ 1,912,681 = 91.5% or 0.92.

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 First United Corporation is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare First United Corporation to the Banks - Regional industry mean.
A Debt to Equity ratio of 1,081.6% means that company has $10.82 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of First United Corporation:

The MRQ is 10.816. The company is unable to pay all its debts with equity. -1
The TTM is 11.340. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	10.816	TTM	11.340	-0.524
TTM	11.340	YOY	11.966	-0.626
TTM	11.340	5Y	11.521	-0.181
5Y	11.521	10Y	11.132	+0.389

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	10.816	10.829	-0.013
TTM	11.340	11.013	+0.327
YOY	11.966	11.363	+0.603
5Y	11.521	11.437	+0.084
10Y	11.132	13.038	-1.906

Measures if First United Corporation 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 First United Corporation 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 First United Corporation is 10.82. This means that First United Corporation can pay off $10.82 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation 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 First United Corporation

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,750,808 \ 161,873 = 10.82 or 1,081.6%

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 First United Corporation

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 First United Corporation generates.

Above 15 is considered overpriced but always compare First United Corporation to the Banks - Regional industry mean.
A PE ratio of 22.24 means the investor is paying $22.24 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of First United Corporation:

The EOD is 20.910. Based on the earnings, the company is fair priced.
The MRQ is 22.244. Based on the earnings, the company is fair priced.
The TTM is 10.042. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	20.910	MRQ	22.244	-1.334
MRQ	22.244	TTM	10.042	+12.201
TTM	10.042	YOY	5.250	+4.793
TTM	10.042	5Y	8.407	+1.635
5Y	8.407	10Y	11.273	-2.866

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	20.910	7.555	+13.355
MRQ	22.244	6.680	+15.564
TTM	10.042	5.295	+4.747
YOY	5.250	6.943	-1.693
5Y	8.407	9.770	-1.363
10Y	11.273	9.943	+1.330

Measures how much money you pay for each share for every $1 in earnings First United Corporation 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 First United Corporation to the Banks - Regional 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 First United Corporation is 22.24. This means the investor is paying $22.24 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how First United Corporation is performing over time. The most recent quarter might be important if First United Corporation 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 First United Corporation 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 First United Corporation

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 \ 6,653 = EPS
PE ratio MRQ = 22.24

* 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 First United Corporation:

The EOD is 6.259. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 6.658. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 5.901. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	6.259	MRQ	6.658	-0.399
MRQ	6.658	TTM	5.901	+0.757
TTM	5.901	YOY	6.719	-0.817
TTM	5.901	5Y	2.101	+3.801
5Y	2.101	10Y	-0.838	+2.939

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	6.259	-2.112	+8.371
MRQ	6.658	-1.868	+8.526
TTM	5.901	-0.342	+6.243
YOY	6.719	6.448	+0.271
5Y	2.101	0.429	+1.672
10Y	-0.838	0.091	-0.929

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 0.97 means the investor is paying $0.97 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of First United Corporation:

The EOD is 0.908. Based on the equity, the company is cheap. +2
The MRQ is 0.966. Based on the equity, the company is cheap. +2
The TTM is 0.757. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.908	MRQ	0.966	-0.058
MRQ	0.966	TTM	0.757	+0.210
TTM	0.757	YOY	0.934	-0.177
TTM	0.757	5Y	0.907	-0.150
5Y	0.907	10Y	0.840	+0.066

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.908	0.436	+0.472
MRQ	0.966	0.386	+0.580
TTM	0.757	0.470	+0.287
YOY	0.934	0.642	+0.292
5Y	0.907	0.795	+0.112
10Y	0.840	1.025	-0.185

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of First United Corporation.

3.1. Institutions holding First United Corporation

Institutions are holding 36.55% of the shares of First United Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Dimensional Fund Advisors, Inc.	5.0227	0.0023	335832	5232	1.5826
2023-12-31	Vanguard Group Inc	4.4541	0.0002	297812	0	0
2023-12-31	EJF Capital LLC	3.2564	2.6762	217733	-7139	-3.1747
2023-12-31	Gendell Jeffrey L	2.5082	0.2144	167704	7064	4.3974
2023-12-31	Basswood Capital Management LLC	2.3346	0.2369	156098	-28425	-15.4046
2023-12-31	Huber Capital Management LLC	1.8375	0.7267	122856	568	0.4645
2023-12-31	Rhino Investment Partners, Inc.	1.684	0.4933	112594	0	0
2023-09-30	Fourthstone LLC	1.4036	0.3456	93850	93850	0
2023-12-31	BlackRock Inc	1.2616	0.0001	84351	-23292	-21.6382
2023-12-31	Bridgeway Capital Management, LLC	1.0262	0.0346	68612	1344	1.998
2023-12-31	Renaissance Technologies Corp	1.011	0.0025	67595	11400	20.2865
2023-12-31	Pinnacle Holdings, LLC	0.8917	0.5767	59621	-4775	-7.4151
2023-12-31	Geode Capital Management, LLC	0.8131	0.0001	54365	2407	4.6326
2023-12-31	Goldman Sachs Group Inc	0.6676	0.0001	44636	24513	121.8158
2023-12-31	American Century Companies Inc	0.528	0.0006	35302	0	0
2023-12-31	Northern Trust Corp	0.4758	0.0001	31814	275	0.8719
2023-12-31	HoldCo Asset Management, L.P.	0.3111	1.3777	20804	0	0
2023-12-31	State Street Corporation	0.305	0	20396	100	0.4927
2023-12-31	Morgan Stanley - Brokerage Accounts	0.2626	0	17560	1066	6.463
2023-12-31	LSV Asset Management	0.2378	0.0008	15900	0	0
Total		30.2926	6.6889	2025435	+84188	+4.2%

3.2. Funds holding First United Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.0053	0.0003	199649	0	0
2023-12-31	Huber Small Cap Value	1.8494	3.0301	122856	568	0.4645
2024-02-29	VT De Lisle America B USD	1.6233	0.5701	107838	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4749	0.0021	97981	0	0
2024-01-31	DFA US Small Cap Value I	1.4664	0.0146	97412	0	0
2023-12-31	Huber Small Cap Value Inv	1.1743	2.7444	78008	-4077	-4.9668
2024-01-31	DFA US Small Cap I	0.6519	0.0067	43304	0	0
2024-02-29	Avantis US Small Cap Value ETF	0.5272	0.0077	35023	0	0
2024-01-31	DFA US Targeted Value I	0.5236	0.0061	34783	0	0
2024-01-31	Fidelity Extended Market Index	0.5052	0.0021	33562	0	0
2024-01-31	DFA US Micro Cap I	0.4486	0.01	29799	0	0
2024-02-29	BlackRock Advantage Small Cap Core Instl	0.4459	0.0187	29621	0	0
2023-12-31	Bridgeway Omni Small-Cap Value N	0.4392	0.0535	29176	0	0
2023-12-31	Bridgeway Omni Small-Cap Value	0.4392	0.0534	29176	0	0
2023-12-31	Angel Oak Financials Income Impact Ins	0.3763	0.7942	25000	0	0
2023-12-31	Bridgeway Ultra-Small Company Market	0.3506	0.2947	23292	0	0
2024-02-29	Dimensional US Targeted Value ETF	0.3438	0.0053	22841	0	0
2024-01-31	DFA US Core Equity 2 I	0.2809	0.0013	18660	0	0
2023-09-30	BlackRock Extended Mkt Composite	0.2447	0.0019	16255	0	0
2024-02-29	EA Bridgeway Omni Small-Cap Value ETF	0.2375	0.0302	15777	35	0.2223
Total		16.4082	7.6474	1090013	-3474	-0.3%

3.3. Insider Transactions

Insiders are holding 7.327% of the shares of First United Corporation.

Date	Owner	Type	Amount	Price
2024-01-02	Marisa A Shockley	BUY	126	23.67
2023-12-01	Marisa A Shockley	BUY	152	19.72
2023-11-02	Carissa Lynn Rodeheaver	BUY	269	16.77
2023-11-02	Jason Barry Rush	BUY	123	16.8
2023-11-01	Marisa A Shockley	BUY	178	16.79
2023-10-02	Marisa A Shockley	BUY	182	16.47
2023-09-01	Marisa A Shockley	BUY	176	16.99
2023-08-02	Jason Barry Rush	BUY	118	17.26
2023-08-02	Carissa Lynn Rodeheaver	BUY	259	17.23
2023-08-02	Brian R Boal	BUY	87	17.26
2023-07-05	Marisa A Shockley	BUY	210	14.26
2023-06-15	Carissa Lynn Rodeheaver	BUY	261	15.27
2023-06-01	Marisa A Shockley	BUY	226	13.24
2023-05-15	Carissa Lynn Rodeheaver	BUY	300	13.3
2023-05-02	Brian R Boal	BUY	71	14.89
2023-05-02	Carissa Lynn Rodeheaver	BUY	291	14.59
2023-05-02	Jason Barry Rush	BUY	135	14.89
2023-04-18	Carissa Lynn Rodeheaver	BUY	243	16.41

4. Summary

4.1. Key Performance Indicators

The key performance indicators of First United Corporation 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	-	-	1.294	0.412	+214%	0.331	+291%	0.391	+231%	0.227	+470%
Book Value Per Share	-	-	24.330	23.322	+4%	20.767	+17%	19.946	+22%	18.346	+33%
Current Ratio	-	-	0.044	2.967	-99%	0.782	-94%	1.331	-97%	1.203	-96%
Debt To Asset Ratio	-	-	0.915	0.919	0%	0.923	-1%	0.920	0%	0.917	0%
Debt To Equity Ratio	-	-	10.816	11.340	-5%	11.966	-10%	11.521	-6%	11.132	-3%
Dividend Per Share	-	-	0.201	0.195	+3%	0.149	+35%	0.146	+38%	0.138	+45%
Eps	-	-	0.264	0.561	-53%	0.939	-72%	0.639	-59%	0.442	-40%
Free Cash Flow Per Share	-	-	0.883	0.832	+6%	0.861	+3%	0.669	+32%	0.507	+74%
Free Cash Flow To Equity Per Share	-	-	-4.339	2.120	-305%	4.777	-191%	3.763	-215%	2.060	-311%
Gross Profit Margin	-	-	0.836	0.932	-10%	0.978	-15%	0.961	-13%	0.977	-14%
Intrinsic Value_10Y_max	-	-	35.559	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	2.548	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	3.244	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.739	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	9.991	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	3.971	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	17.030	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	4.811	-	-	-	-	-	-	-	-
Market Cap	146813836.000	-7%	156416732.000	118572158.000	+32%	129125317.788	+21%	122632540.978	+28%	105406248.919	+48%
Net Profit Margin	-	-	0.076	0.196	-61%	22.643	-100%	4.704	-98%	2.431	-97%
Operating Margin	-	-	-	0.235	-100%	34.039	-100%	7.031	-100%	3.632	-100%
Operating Ratio	-	-	0.162	0.247	-34%	53.020	-100%	11.109	-99%	6.010	-97%
Pb Ratio	0.908	-6%	0.966	0.757	+28%	0.934	+4%	0.907	+7%	0.840	+15%
Pe Ratio	20.910	-6%	22.244	10.042	+122%	5.250	+324%	8.407	+165%	11.273	+97%
Price Per Share	22.100	-6%	23.510	17.714	+33%	19.373	+21%	17.933	+31%	15.404	+53%
Price To Free Cash Flow Ratio	6.259	-6%	6.658	5.901	+13%	6.719	-1%	2.101	+217%	-0.838	+113%
Price To Total Gains Ratio	14.785	-6%	15.728	53.483	-71%	-3223.155	+20593%	-630.877	+4111%	-308.497	+2061%
Quick Ratio	-	-	0.180	4.303	-96%	10.523	-98%	16.693	-99%	18.565	-99%
Return On Assets	-	-	0.001	0.002	-53%	0.003	-74%	0.003	-64%	0.002	-54%
Return On Equity	-	-	0.011	0.024	-55%	0.045	-76%	0.032	-66%	0.025	-56%
Total Gains Per Share	-	-	1.495	0.607	+146%	0.480	+211%	0.536	+179%	0.365	+309%
Usd Book Value	-	-	161873000.000	156221750.000	+4%	138451750.000	+17%	136143000.000	+19%	124917575.000	+30%
Usd Book Value Change Per Share	-	-	1.294	0.412	+214%	0.331	+291%	0.391	+231%	0.227	+470%
Usd Book Value Per Share	-	-	24.330	23.322	+4%	20.767	+17%	19.946	+22%	18.346	+33%
Usd Dividend Per Share	-	-	0.201	0.195	+3%	0.149	+35%	0.146	+38%	0.138	+45%
Usd Eps	-	-	0.264	0.561	-53%	0.939	-72%	0.639	-59%	0.442	-40%
Usd Free Cash Flow	-	-	5873000.000	5573250.000	+5%	5741750.000	+2%	4556800.000	+29%	3451500.000	+70%
Usd Free Cash Flow Per Share	-	-	0.883	0.832	+6%	0.861	+3%	0.669	+32%	0.507	+74%
Usd Free Cash Flow To Equity Per Share	-	-	-4.339	2.120	-305%	4.777	-191%	3.763	-215%	2.060	-311%
Usd Market Cap	146813836.000	-7%	156416732.000	118572158.000	+32%	129125317.788	+21%	122632540.978	+28%	105406248.919	+48%
Usd Price Per Share	22.100	-6%	23.510	17.714	+33%	19.373	+21%	17.933	+31%	15.404	+53%
Usd Profit	-	-	1758000.000	3765000.000	-53%	6262000.000	-72%	4363200.000	-60%	3173850.000	-45%
Usd Revenue	-	-	23199000.000	19922500.000	+16%	9431500.000	+146%	16075500.000	+44%	14583375.000	+59%
Usd Total Gains Per Share	-	-	1.495	0.607	+146%	0.480	+211%	0.536	+179%	0.365	+309%
	EOD	+4 -4	MRQ	TTM	+19 -17	YOY	+21 -15	5Y	+20 -16	10Y	+20 -16

4.2. Fundamental Score

Let's check the fundamental score of First United Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	20.910
Price to Book Ratio (EOD)	Between	0-1	0.908
Net Profit Margin (MRQ)	Greater than	0	0.076
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.180
Current Ratio (MRQ)	Greater than	1	0.044
Debt to Asset Ratio (MRQ)	Less than	1	0.915
Debt to Equity Ratio (MRQ)	Less than	1	10.816
Return on Equity (MRQ)	Greater than	0.15	0.011
Return on Assets (MRQ)	Greater than	0.05	0.001
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.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of First United Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.804
Ma 20	Greater than	Ma 50	22.520
Ma 50	Greater than	Ma 100	22.127
Ma 100	Greater than	Ma 200	22.065
Open	Greater than	Close	21.950
Total			3/5 (60.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities	-91,142	68,346	-22,796	-54,679	-77,475	-5,062	-82,537	1,424,011	1,341,474
Long-term Assets Other	-10,605	-348,528	-359,133	347,362	-11,771	-1,249	-13,020	1,793,982	1,780,962
Net Working Capital	144,694	117,238	261,932	-90,935	170,997	-21,013	149,984	-1,476,841	-1,326,857

Latest Balance Sheet

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

Summary

Total Assets	1,912,681
Total Liabilities	1,750,808
Total Stockholder Equity	161,873

	As reported
Total Liabilities	1,750,808
Total Stockholder Equity	+ 161,873
Total Assets	= 1,912,681

Assets

Total Assets	1,912,681
Total Current Assets	61,733
Long-term Assets	1,850,948

Total Current Assets

Total Current Assets (as reported)	61,733
Cash And Cash Equivalents	49,753
Short-term Investments	97,169
Net Receivables	7,487
Inventory	-152,999
Other Current Assets	61,733
Total Current Assets (calculated)	63,143
+/-	1,410

Long-term Assets

Long-term Assets (as reported)	1,850,948
Property Plant Equipment	32,826
Goodwill	11,004
Long Term Investments	311,466
Intangible Assets	12,103
Long-term Assets Other	1,780,962
Long-term Assets (calculated)	2,148,361
+/-	297,413

Liabilities & Shareholders' Equity

Total Current Liabilities	1,388,590
Long-term Liabilities	362,218
Total Stockholder Equity	161,873

Total Current Liabilities

Total Current Liabilities (as reported)	1,388,590
Short-term Debt	45,786
Accounts payable	612
Other Current Liabilities	1,341,474
Total Current Liabilities (calculated)	1,387,872
+/-	718

Long-term Liabilities

Long-term Liabilities (as reported)	362,218
Long term Debt	110,929
Capital Lease Obligations	1,556
Long-term Liabilities (calculated)	112,485
+/-	249,733

Total Stockholder Equity

Total Stockholder Equity (as reported)	161,873
Common Stock	66
Retained Earnings	173,900
Accumulated Other Comprehensive Income	-35,827
Other Stockholders Equity	23,734
Total Stockholder Equity (calculated)	161,873
+/-	0

Other

Capital Stock	66
Cash and Short Term Investments	145,512
Common Stock Shares Outstanding	6,653
Current Deferred Revenue	718
Liabilities and Stockholders Equity	1,912,681
Net Debt	108,150
Net Invested Capital	272,802
Net Working Capital	-1,326,857
Property Plant and Equipment Gross	64,291
Short Long Term Debt Total	157,903

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

> Total Assets

0
0
0
349,000
350,500
348,300
350,300
361,600
361,000
359,500
372,500
423,400
422,500
438,400
460,100
459,000
467,000
467,200
482,400
487,200
489,800
492,400
522,900
523,600
534,200
547,500
565,000
569,000
569,000
595,500
617,000
641,100
669,900
689,900
789,000
793,300
786,696
812,409
812,009
847,589
818,224
832,600
831,822
818,113
804,438
822,690
916,881
953,677
984,977
1,004,551
1,119,328
1,108,241
1,150,491
1,164,904
1,210,725
1,231,877
1,255,778
1,267,422
1,299,752
1,310,991
1,297,793
1,306,010
1,321,462
1,349,317
1,368,420
1,432,452
1,458,646
1,478,909
1,572,049
1,594,495
1,629,546
1,639,104
1,655,569
1,634,380
1,681,749
1,743,736
1,784,266
1,775,998
1,795,228
1,696,445
1,516,551
1,463,522
1,434,104
1,390,865
1,385,541
1,348,439
1,359,397
1,320,783
1,322,767
1,329,206
1,342,088
1,333,503
1,355,484
1,327,575
1,331,916
1,332,296
1,341,485
1,343,071
1,320,315
1,323,458
1,325,295
1,307,422
1,338,189
1,318,190
1,319,434
1,325,685
1,352,324
1,340,839
1,319,412
1,323,316
1,347,906
1,384,516
1,416,901
1,405,629
1,440,964
1,442,966
1,461,482
1,639,636
1,685,907
1,734,030
1,781,833
1,763,806
1,708,556
1,729,838
1,760,325
1,752,455
1,803,642
1,848,169
1,937,442
1,928,393
1,928,201
1,912,681

1,912,681

1,928,201

1,928,393

1,937,442

1,848,169

1,803,642

1,752,455

1,760,325

1,729,838

1,708,556

1,763,806

1,781,833

1,734,030

1,685,907

1,639,636

1,461,482

1,442,966

1,440,964

1,405,629

1,416,901

1,384,516

1,347,906

1,323,316

1,319,412

1,340,839

1,352,324

1,325,685

1,319,434

1,318,190

1,338,189

1,307,422

1,325,295

1,323,458

1,320,315

1,343,071

1,341,485

1,332,296

1,331,916

1,327,575

1,355,484

1,333,503

1,342,088

1,329,206

1,322,767

1,320,783

1,359,397

1,348,439

1,385,541

1,390,865

1,434,104

1,463,522

1,516,551

1,696,445

1,795,228

1,775,998

1,784,266

1,743,736

1,681,749

1,634,380

1,655,569

1,639,104

1,629,546

1,594,495

1,572,049

1,478,909

1,458,646

1,432,452

1,368,420

1,349,317

1,321,462

1,306,010

1,297,793

1,310,991

1,299,752

1,267,422

1,255,778

1,231,877

1,210,725

1,164,904

1,150,491

1,108,241

1,119,328

1,004,551

984,977

953,677

916,881

822,690

804,438

818,113

831,822

832,600

818,224

847,589

812,009

812,409

786,696

793,300

789,000

689,900

669,900

641,100

617,000

595,500

569,000

565,000

547,500

534,200

523,600

522,900

492,400

489,800

487,200

482,400

467,200

467,000

459,000

460,100

438,400

422,500

423,400

372,500

359,500

361,000

361,600

350,300

348,300

350,500

349,000

> Total Current Assets

0
0
0
5,000
5,100
5,300
5,600
20,400
5,800
4,900
4,300
4,600
4,500
5,600
6,600
6,200
16,000
5,200
6,100
6,900
6,100
6,100
7,200
7,400
6,900
7,600
8,900
0
8,900
11,300
11,300
12,000
12,200
14,800
19,700
20,700
20,152
22,163
21,258
20,942
27,398
31,661
41,088
34,691
31,944
33,484
32,836
31,913
31,287
31,600
34,282
36,109
32,841
38,198
35,294
18,949
16,501
14,932
19,418
22,811
23,200
24,347
25,122
21,700
20,464
22,679
27,453
27,368
32,041
40,392
44,296
31,423
20,281
19,427
25,369
59,091
63,715
53,137
43,589
44,859
42,957
40,130
39,666
28,715
27,980
27,241
27,048
25,010
27,014
21,342
21,759
28,830
26,978
26,906
25,515
21,853
18,754
20,400
19,215
19,495
18,567
20,578
20,779
21,115
23,048
22,882
27,211
25,802
23,868
22,972
25,411
20,645
25,495
29,894
29,019
16,063
15,240
17,611
19,244
19,617
19,777
22,206
22,899
13,471
5,075
5,055
5,157
235,836
316,498
248,472
232,521
61,733

61,733

232,521

248,472

316,498

235,836

5,157

5,055

5,075

13,471

22,899

22,206

19,777

19,617

19,244

17,611

15,240

16,063

29,019

29,894

25,495

20,645

25,411

22,972

23,868

25,802

27,211

22,882

23,048

21,115

20,779

20,578

18,567

19,495

19,215

20,400

18,754

21,853

25,515

26,906

26,978

28,830

21,759

21,342

27,014

25,010

27,048

27,241

27,980

28,715

39,666

40,130

42,957

44,859

43,589

53,137

63,715

59,091

25,369

19,427

20,281

31,423

44,296

40,392

32,041

27,368

27,453

22,679

20,464

21,700

25,122

24,347

23,200

22,811

19,418

14,932

16,501

18,949

35,294

38,198

32,841

36,109

34,282

31,600

31,287

31,913

32,836

33,484

31,944

34,691

41,088

31,661

27,398

20,942

21,258

22,163

20,152

20,700

19,700

14,800

12,200

12,000

11,300

8,900

7,600

6,900

7,400

7,200

6,100

6,900

6,100

5,200

16,000

6,200

6,600

5,600

4,500

4,600

4,300

4,900

5,800

20,400

5,600

5,300

5,100

5,000

Cash And Cash Equivalents

0
0
0
25,200
20,100
14,700
10,500
20,400
20,500
11,500
12,800
14,700
13,500
16,100
16,800
14,500
16,000
20,100
14,100
16,000
16,000
17,800
24,200
16,300
21,300
21,000
18,600
17,600
17,600
16,700
15,000
13,600
23,700
18,500
15,700
41,700
17,298
22,766
21,097
36,055
14,810
17,450
16,218
23,994
22,009
21,048
14,598
24,449
34,352
31,028
32,121
21,746
29,631
21,899
21,152
26,014
29,199
28,590
27,899
29,611
22,290
25,218
24,047
25,788
30,864
24,451
22,247
25,802
25,572
23,770
21,961
19,305
63,231
48,632
99,671
189,671
248,874
316,232
362,251
299,313
153,363
133,449
84,896
65,107
98,125
66,939
88,488
83,068
84,828
42,069
71,535
43,063
43,808
62,059
51,140
35,451
45,225
57,904
64,789
52,141
53,261
22,685
66,084
63,310
62,838
72,962
85,034
83,752
21,226
25,391
23,557
23,541
54,004
38,989
84,169
49,979
72,008
117,090
155,606
149,432
193,017
194,422
134,938
115,720
76,116
21,651
30,756
74,315
155,895
88,551
80,652
49,753

49,753

80,652

88,551

155,895

74,315

30,756

21,651

76,116

115,720

134,938

194,422

193,017

149,432

155,606

117,090

72,008

49,979

84,169

38,989

54,004

23,541

23,557

25,391

21,226

83,752

85,034

72,962

62,838

63,310

66,084

22,685

53,261

52,141

64,789

57,904

45,225

35,451

51,140

62,059

43,808

43,063

71,535

42,069

84,828

83,068

88,488

66,939

98,125

65,107

84,896

133,449

153,363

299,313

362,251

316,232

248,874

189,671

99,671

48,632

63,231

19,305

21,961

23,770

25,572

25,802

22,247

24,451

30,864

25,788

24,047

25,218

22,290

29,611

27,899

28,590

29,199

26,014

21,152

21,899

29,631

21,746

32,121

31,028

34,352

24,449

14,598

21,048

22,009

23,994

16,218

17,450

14,810

36,055

21,097

22,766

17,298

41,700

15,700

18,500

23,700

13,600

15,000

16,700

17,600

18,600

21,000

21,300

16,300

24,200

17,800

16,000

14,100

20,100

16,000

14,500

16,800

16,100

13,500

14,700

12,800

11,500

20,500

20,400

10,500

14,700

20,100

25,200

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
31,934
0
0
0
11,042
0
0
0
6,207
0
0
0
223,615
0
0
0
1,855
222,229
202,202
201,817
5,001
229,053
233,396
245,297
2,463
72,591
297,114
299,105
1,486
378,727
362,165
375,060
882
0
13
0
50,502
0
0
239,257
114,483
225,729
239,348
277,819
13,058
226,147
227,244
235,331
223,273
239,440
304,681
297,010
336,589
361,465
205,258
222,835
221,117
227,795
205,226
185,519
170,232
155,243
147,227
148,037
140,000
136,937
129,198
149,160
146,470
145,604
142,303
138,645
137,641
136,514
135,809
135,076
131,305
130,792
146,190
153,161
226,885
204,006
242,013
235,564
286,771
143,609
132,867
128,039
125,889
123,978
120,085
114,370
97,169

97,169

114,370

120,085

123,978

125,889

128,039

132,867

143,609

286,771

235,564

242,013

204,006

226,885

153,161

146,190

130,792

131,305

135,076

135,809

136,514

137,641

138,645

142,303

145,604

146,470

149,160

129,198

136,937

140,000

148,037

147,227

155,243

170,232

185,519

205,226

227,795

221,117

222,835

205,258

361,465

336,589

297,010

304,681

239,440

223,273

235,331

227,244

226,147

13,058

277,819

239,348

225,729

114,483

239,257

50,502

882

375,060

362,165

378,727

1,486

299,105

297,114

72,591

2,463

245,297

233,396

229,053

5,001

201,817

202,202

222,229

1,855

223,615

6,207

11,042

31,934

Net Receivables

0
0
0
5,000
5,100
5,300
5,600
0
5,800
4,900
4,300
4,600
4,500
5,600
6,600
6,200
6,200
5,200
6,100
6,900
6,100
6,100
7,200
7,400
6,900
7,600
8,900
8,900
8,900
11,300
11,300
12,000
12,200
14,800
19,700
20,700
20,152
22,163
21,258
20,942
27,398
31,661
41,088
34,691
31,944
33,484
32,836
31,913
31,287
31,600
34,282
36,109
32,841
38,198
35,294
18,949
16,501
14,932
19,418
22,811
23,200
24,347
25,122
21,700
20,464
22,679
27,453
27,368
32,041
40,392
44,296
31,423
20,281
19,427
25,369
59,091
63,715
53,137
43,589
44,859
42,957
40,130
39,666
28,715
27,980
27,241
27,048
25,010
27,014
21,342
21,759
28,830
26,978
26,906
25,515
21,853
18,754
20,400
19,215
19,495
18,567
20,578
20,779
21,115
23,048
22,882
27,211
25,802
23,868
22,972
25,411
20,645
25,495
29,894
29,019
16,063
15,240
17,611
19,244
19,617
19,777
22,206
22,899
13,471
5,075
25,315
27,344
35,632
36,625
39,836
37,499
7,487

7,487

37,499

39,836

36,625

35,632

27,344

25,315

5,075

13,471

22,899

22,206

19,777

19,617

19,244

17,611

15,240

16,063

29,019

29,894

25,495

20,645

25,411

22,972

23,868

25,802

27,211

22,882

23,048

21,115

20,779

20,578

18,567

19,495

19,215

20,400

18,754

21,853

25,515

26,906

26,978

28,830

21,759

21,342

27,014

25,010

27,048

27,241

27,980

28,715

39,666

40,130

42,957

44,859

43,589

53,137

63,715

59,091

25,369

19,427

20,281

31,423

44,296

40,392

32,041

27,368

27,453

22,679

20,464

21,700

25,122

24,347

23,200

22,811

19,418

14,932

16,501

18,949

35,294

38,198

32,841

36,109

34,282

31,600

31,287

31,913

32,836

33,484

31,944

34,691

41,088

31,661

27,398

20,942

21,258

22,163

20,152

20,700

19,700

14,800

12,200

12,000

11,300

8,900

7,600

6,900

7,400

7,200

6,100

6,900

6,100

5,200

6,200

6,600

5,600

4,500

4,600

4,300

4,900

5,800

5,600

5,300

5,100

5,000

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
783,315
794,711
842,789
865,325
900,527
937,581
948,793
982,796
1,012,251
986,834
982,075
982,016
985,496
994,672
989,063
1,042,330
1,063,941
1,074,864
1,089,836
1,113,746
1,142,060
1,186,335
1,189,746
1,191,198
1,190,821
1,174,230
1,149,286
1,128,794
1,103,336
1,074,941
1,047,502
1,004,189
985,926
1,006,762
987,733
981,593
963,814
721,660
687,772
612,375
612,537
546,623
521,276
683,192
665,625
686,676
676,518
710,387
722,524
769,596
805,036
834,877
818,498
818,432
822,496
833,132
804,517
802,828
847,675
853,871
880,024
922,179
917,551
915,893
908,921
967,021
969,026
1,086,737
1,084,647
992,057
1,041,892
948,063
969,064
27,139
4,905
31,223
40,646
85,099
167,012
100,349
92,219
61,733

61,733

92,219

100,349

167,012

85,099

40,646

31,223

4,905

27,139

969,064

948,063

1,041,892

992,057

1,084,647

1,086,737

969,026

967,021

908,921

915,893

917,551

922,179

880,024

853,871

847,675

802,828

804,517

833,132

822,496

818,432

818,498

834,877

805,036

769,596

722,524

710,387

676,518

686,676

665,625

683,192

521,276

546,623

612,537

612,375

687,772

721,660

963,814

981,593

987,733

1,006,762

985,926

1,004,189

1,047,502

1,074,941

1,103,336

1,128,794

1,149,286

1,174,230

1,190,821

1,191,198

1,189,746

1,186,335

1,142,060

1,113,746

1,089,836

1,074,864

1,063,941

1,042,330

989,063

994,672

985,496

982,016

982,075

986,834

1,012,251

982,796

948,793

937,581

900,527

865,325

842,789

794,711

783,315

> Long-term Assets

0
0
0
349,000
350,500
348,300
350,300
361,600
361,000
359,500
372,500
423,400
422,500
438,400
460,100
459,000
467,000
467,200
482,400
487,200
489,800
492,400
522,900
523,600
534,200
547,500
565,000
0
569,000
595,500
617,000
641,100
669,900
689,900
789,000
793,300
786,696
812,409
812,009
847,589
818,224
832,600
831,822
818,113
804,438
822,690
916,881
953,677
984,977
1,004,551
1,119,328
1,108,241
1,150,491
1,164,904
1,210,725
1,231,877
1,255,778
1,267,422
1,299,752
1,310,991
1,297,793
1,306,010
1,321,462
1,349,317
1,368,420
1,432,452
1,458,646
1,478,909
1,572,049
1,594,495
1,629,546
1,639,104
1,655,569
1,634,380
1,681,749
1,743,736
1,784,266
1,775,998
1,795,228
1,696,445
1,516,551
1,463,522
1,434,104
1,390,865
1,385,541
1,348,439
1,359,397
1,320,783
1,322,767
1,329,206
1,342,088
1,333,503
1,355,484
1,327,575
1,331,916
1,332,296
1,341,485
1,343,071
1,320,315
1,323,458
1,325,295
1,307,422
1,338,189
1,318,190
1,319,434
1,325,685
1,352,324
1,340,839
1,319,412
1,323,316
1,347,906
1,384,516
1,416,901
1,405,629
1,440,964
1,442,027
1,461,513
1,639,636
1,685,907
1,733,414
1,781,833
1,763,806
1,708,556
1,729,838
1,760,223
1,752,455
1,803,642
410,827
57,913
398,634
376,909
1,850,948

1,850,948

376,909

398,634

57,913

410,827

1,803,642

1,752,455

1,760,223

1,729,838

1,708,556

1,763,806

1,781,833

1,733,414

1,685,907

1,639,636

1,461,513

1,442,027

1,440,964

1,405,629

1,416,901

1,384,516

1,347,906

1,323,316

1,319,412

1,340,839

1,352,324

1,325,685

1,319,434

1,318,190

1,338,189

1,307,422

1,325,295

1,323,458

1,320,315

1,343,071

1,341,485

1,332,296

1,331,916

1,327,575

1,355,484

1,333,503

1,342,088

1,329,206

1,322,767

1,320,783

1,359,397

1,348,439

1,385,541

1,390,865

1,434,104

1,463,522

1,516,551

1,696,445

1,795,228

1,775,998

1,784,266

1,743,736

1,681,749

1,634,380

1,655,569

1,639,104

1,629,546

1,594,495

1,572,049

1,478,909

1,458,646

1,432,452

1,368,420

1,349,317

1,321,462

1,306,010

1,297,793

1,310,991

1,299,752

1,267,422

1,255,778

1,231,877

1,210,725

1,164,904

1,150,491

1,108,241

1,119,328

1,004,551

984,977

953,677

916,881

822,690

804,438

818,113

831,822

832,600

818,224

847,589

812,009

812,409

786,696

793,300

789,000

689,900

669,900

641,100

617,000

595,500

569,000

565,000

547,500

534,200

523,600

522,900

492,400

489,800

487,200

482,400

467,200

467,000

459,000

460,100

438,400

422,500

423,400

372,500

359,500

361,000

361,600

350,300

348,300

350,500

349,000

Property Plant Equipment

0
0
0
5,400
5,500
5,600
5,600
5,300
5,700
6,000
6,400
8,000
8,200
8,400
8,900
9,400
9,500
9,800
10,000
9,600
9,400
9,200
9,100
9,300
9,400
9,300
9,200
9,300
9,300
9,600
9,500
9,100
9,300
9,300
9,500
9,800
9,691
9,959
10,239
10,831
10,894
11,251
11,223
11,527
11,643
11,740
12,268
13,163
13,788
13,930
15,877
16,598
17,183
20,492
20,961
23,523
24,046
24,032
23,636
27,049
26,723
26,721
27,327
29,852
30,781
31,057
31,169
31,407
31,484
31,410
31,188
31,124
31,291
32,441
32,363
31,719
31,230
31,628
31,987
32,945
32,367
31,840
31,298
30,826
30,512
30,378
29,672
29,455
29,229
29,154
27,333
26,905
26,628
26,312
26,001
25,629
25,354
25,108
25,013
25,198
25,420
26,094
27,363
27,160
28,155
28,955
30,263
30,881
32,553
35,177
36,894
37,855
40,281
40,732
41,095
41,371
41,252
40,839
39,863
39,271
38,774
38,402
37,544
36,944
36,162
37,380
37,009
36,846
36,279
35,522
34,671
32,826

32,826

34,671

35,522

36,279

36,846

37,009

37,380

36,162

36,944

37,544

38,402

38,774

39,271

39,863

40,839

41,252

41,371

41,095

40,732

40,281

37,855

36,894

35,177

32,553

30,881

30,263

28,955

28,155

27,160

27,363

26,094

25,420

25,198

25,013

25,108

25,354

25,629

26,001

26,312

26,628

26,905

27,333

29,154

29,229

29,455

29,672

30,378

30,512

30,826

31,298

31,840

32,367

32,945

31,987

31,628

31,230

31,719

32,363

32,441

31,291

31,124

31,188

31,410

31,484

31,407

31,169

31,057

30,781

29,852

27,327

26,721

26,723

27,049

23,636

24,032

24,046

23,523

20,961

20,492

17,183

16,598

15,877

13,930

13,788

13,163

12,268

11,740

11,643

11,527

11,223

11,251

10,894

10,831

10,239

9,959

9,691

9,800

9,500

9,300

9,100

9,500

9,600

9,300

9,200

9,300

9,400

9,300

9,100

9,200

9,400

9,600

10,000

9,800

9,500

9,400

8,900

8,400

8,200

8,000

6,400

6,000

5,700

5,300

5,600

5,500

5,400

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
11,900
0
0
0
11,900
0
0
0
11,900
0
0
0
11,900
0
0
0
11,900
0
0
0
11,900
0
0
0
12,856
0
0
0
12,856
0
0
0
11,004
11,004
0
0
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
12,052
12,000
0
0
12,433
0
0
0
11,004

11,004

12,433

12,000

12,052

11,004

12,856

11,900

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,154,745
1,176,707
1,164,237
1,123,282
1,118,383
1,108,972
1,082,055
847,684
830,228
824,957
800,546
804,325
920,261
919,818
937,375
933,739
941,097
937,613
972,661
989,862
1,004,304
988,832
979,177
980,968
984,387
975,125
976,178
1,018,901
1,021,727
1,047,463
1,090,677
232,052
1,089,139
1,081,917
1,132,873
1,129,457
1,246,478
1,247,688
295,148
1,250,228
307,696
297,543
1,198,587
385,265
373,455
366,484
361,548
357,061
350,844
330,053
311,466

311,466

330,053

350,844

357,061

361,548

366,484

373,455

385,265

1,198,587

297,543

307,696

1,250,228

295,148

1,247,688

1,246,478

1,129,457

1,132,873

1,081,917

1,089,139

232,052

1,090,677

1,047,463

1,021,727

1,018,901

976,178

975,125

984,387

980,968

979,177

988,832

1,004,304

989,862

972,661

937,613

941,097

933,739

937,375

919,818

920,261

804,325

800,546

824,957

830,228

847,684

1,082,055

1,108,972

1,118,383

1,123,282

1,164,237

1,176,707

1,154,745

Intangible 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
15,578
15,462
15,568
15,428
15,289
15,149
15,010
14,870
14,731
14,591
14,452
14,312
14,173
14,033
13,894
14,821
14,731
14,560
14,389
14,218
14,047
16,322
16,113
15,904
15,455
15,241
15,221
15,014
14,808
14,700
14,633
14,566
14,499
14,432
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
11,004
0
11,004
11,004
11,004
0
0
0
0
0
0
0
0
12,052
12,000
11,947
11,895
12,433
12,350
12,268
12,185
12,103

12,103

12,185

12,268

12,350

12,433

11,895

11,947

12,000

12,052

11,004

14,432

14,499

14,566

14,633

14,700

14,808

15,014

15,221

15,241

15,455

15,904

16,113

16,322

14,047

14,218

14,389

14,560

14,731

14,821

13,894

14,033

14,173

14,312

14,452

14,591

14,731

14,870

15,010

15,149

15,289

15,428

15,568

15,462

15,578

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
0
0
0
0
232,944
233,713
233,630
226,751
225,191
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

225,191

226,751

233,630

233,713

232,944

Other Assets

0
0
0
-5,000
-5,100
-5,300
-5,600
-20,400
-5,800
-4,900
-4,300
-4,600
-4,500
-5,600
-6,600
-6,200
-16,000
-5,200
-6,100
-6,900
-6,100
-6,100
-7,200
-7,400
-6,900
-7,600
-8,900
0
-8,900
-11,300
-11,300
-12,000
-12,200
-14,800
-19,700
-20,700
-20,152
-22,163
-21,258
-20,942
-27,398
-31,661
-41,088
-34,691
-31,944
-33,484
-32,836
-31,913
-31,287
-31,600
-34,282
-36,109
-32,841
-38,198
-35,294
-18,949
-16,501
-14,932
-19,418
-22,811
-23,200
-24,347
-25,122
-21,700
-20,464
-22,679
-27,453
-27,368
-32,041
-40,392
-44,296
-31,423
-20,281
-19,427
-25,369
-59,091
-63,715
-53,137
-43,589
-44,859
-42,957
-40,130
-39,666
-28,715
-27,980
-27,241
-27,048
-25,010
-27,014
-21,342
-21,759
-28,830
-26,978
-26,906
-25,515
-21,853
-18,754
-20,400
-19,215
-19,495
-18,567
-20,578
-20,779
-21,115
-23,048
-22,882
-27,211
-25,802
-23,868
-22,972
-25,411
-20,645
-25,495
-29,894
-29,019
-15,124
-15,271
-17,611
-19,244
-19,001
-19,777
-22,206
-22,899
-13,471
-4,973
-5,055
-5,157
1,201,506
1,563,031
1,281,287
1,318,771
0

1,318,771

1,281,287

1,563,031

1,201,506

-5,157

-5,055

-4,973

-13,471

-22,899

-22,206

-19,777

-19,001

-19,244

-17,611

-15,271

-15,124

-29,019

-29,894

-25,495

-20,645

-25,411

-22,972

-23,868

-25,802

-27,211

-22,882

-23,048

-21,115

-20,779

-20,578

-18,567

-19,495

-19,215

-20,400

-18,754

-21,853

-25,515

-26,906

-26,978

-28,830

-21,759

-21,342

-27,014

-25,010

-27,048

-27,241

-27,980

-28,715

-39,666

-40,130

-42,957

-44,859

-43,589

-53,137

-63,715

-59,091

-25,369

-19,427

-20,281

-31,423

-44,296

-40,392

-32,041

-27,368

-27,453

-22,679

-20,464

-21,700

-25,122

-24,347

-23,200

-22,811

-19,418

-14,932

-16,501

-18,949

-35,294

-38,198

-32,841

-36,109

-34,282

-31,600

-31,287

-31,913

-32,836

-33,484

-31,944

-34,691

-41,088

-31,661

-27,398

-20,942

-21,258

-22,163

-20,152

-20,700

-19,700

-14,800

-12,200

-12,000

-11,300

-8,900

-7,600

-6,900

-7,400

-7,200

-6,100

-6,900

-6,100

-5,200

-16,000

-6,200

-6,600

-5,600

-4,500

-4,600

-4,300

-4,900

-5,800

-20,400

-5,600

-5,300

-5,100

-5,000

> Total Liabilities

0
0
0
312,800
313,500
310,300
311,600
321,800
320,800
318,000
330,800
375,000
372,600
388,000
409,900
407,900
415,100
413,600
428,600
431,700
434,600
436,000
466,300
466,800
477,400
490,200
508,800
512,300
512,300
538,000
559,900
582,600
611,300
632,700
731,000
735,200
727,896
752,132
750,466
782,078
751,029
764,178
760,798
747,037
732,236
747,687
839,132
874,394
905,007
920,937
1,036,503
1,024,050
1,064,478
1,080,642
1,124,605
1,145,521
1,168,957
1,178,742
1,209,288
1,218,952
1,204,407
1,211,987
1,222,705
1,252,461
1,269,737
1,334,624
1,357,668
1,374,244
1,469,873
1,499,848
1,539,674
1,566,414
1,558,507
1,533,271
1,575,991
1,643,170
1,683,665
1,675,920
1,693,494
1,600,805
1,419,587
1,365,426
1,335,776
1,294,209
1,291,835
1,253,336
1,260,918
1,221,878
1,220,832
1,231,423
1,242,592
1,232,163
1,247,605
1,215,664
1,219,646
1,223,297
1,229,484
1,229,917
1,205,723
1,202,687
1,214,153
1,194,192
1,223,421
1,204,492
1,204,550
1,207,124
1,231,486
1,232,449
1,208,278
1,210,342
1,232,325
1,267,450
1,294,502
1,279,474
1,311,625
1,317,026
1,342,964
1,515,183
1,555,670
1,602,337
1,652,644
1,633,250
1,574,769
1,587,938
1,623,247
1,619,563
1,671,598
1,696,376
1,784,574
1,773,237
1,773,211
1,750,808

1,750,808

1,773,211

1,773,237

1,784,574

1,696,376

1,671,598

1,619,563

1,623,247

1,587,938

1,574,769

1,633,250

1,652,644

1,602,337

1,555,670

1,515,183

1,342,964

1,317,026

1,311,625

1,279,474

1,294,502

1,267,450

1,232,325

1,210,342

1,208,278

1,232,449

1,231,486

1,207,124

1,204,550

1,204,492

1,223,421

1,194,192

1,214,153

1,202,687

1,205,723

1,229,917

1,229,484

1,223,297

1,219,646

1,215,664

1,247,605

1,232,163

1,242,592

1,231,423

1,220,832

1,221,878

1,260,918

1,253,336

1,291,835

1,294,209

1,335,776

1,365,426

1,419,587

1,600,805

1,693,494

1,675,920

1,683,665

1,643,170

1,575,991

1,533,271

1,558,507

1,566,414

1,539,674

1,499,848

1,469,873

1,374,244

1,357,668

1,334,624

1,269,737

1,252,461

1,222,705

1,211,987

1,204,407

1,218,952

1,209,288

1,178,742

1,168,957

1,145,521

1,124,605

1,080,642

1,064,478

1,024,050

1,036,503

920,937

905,007

874,394

839,132

747,687

732,236

747,037

760,798

764,178

751,029

782,078

750,466

752,132

727,896

735,200

731,000

632,700

611,300

582,600

559,900

538,000

512,300

508,800

490,200

477,400

466,800

466,300

436,000

434,600

431,700

428,600

413,600

415,100

407,900

409,900

388,000

372,600

375,000

330,800

318,000

320,800

321,800

311,600

310,300

313,500

312,800

> Total Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
708,000
0
0
0
0
759,100
132,000
137,238
134,109
724,000
724,000
126,145
199,820
851,400
0
897,900
0
81,060
79,117
90,682
100,812
118,318
93,940
109,056
125,257
133,562
93,885
110,667
119,903
113,581
103,393
86,153
120,851
101,819
138,185
90,492
117,675
65,024
42,330
37,271
46,229
47,563
41,748
37,487
43,922
39,139
42,998
17,413
44,462
36,868
35,227
21,579
52,367
23,002
23,679
25,106
26,405
28,412
20,303
16,371
15,996
19,567
18,173
20,998
23,367
20,528
21,250
21,811
21,704
22,526
21,484
23,259
23,274
23,285
19,276
20,364
20,016
60,649
19,377
20,492
19,332
20,235
26,149
22,688
20,947
26,044
27,914
22,867
23,103
15,787
11,674
85,590
107,947
91,142
54,566
77,475
82,537
1,388,590

1,388,590

82,537

77,475

54,566

91,142

107,947

85,590

11,674

15,787

23,103

22,867

27,914

26,044

20,947

22,688

26,149

20,235

19,332

20,492

19,377

60,649

20,016

20,364

19,276

23,285

23,274

23,259

21,484

22,526

21,704

21,811

21,250

20,528

23,367

20,998

18,173

19,567

15,996

16,371

20,303

28,412

26,405

25,106

23,679

23,002

52,367

21,579

35,227

36,868

44,462

17,413

42,998

39,139

43,922

37,487

41,748

47,563

46,229

37,271

42,330

65,024

117,675

90,492

138,185

101,819

120,851

86,153

103,393

113,581

119,903

110,667

93,885

133,562

125,257

109,056

93,940

118,318

100,812

90,682

79,117

81,060

897,900

851,400

199,820

126,145

724,000

134,109

137,238

132,000

759,100

708,000

Short-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
132,000
137,238
134,109
0
0
126,145
199,820
0
0
0
0
71,840
71,693
83,361
94,959
110,232
86,379
101,720
115,632
121,939
82,866
100,386
108,236
99,379
89,261
70,858
107,407
88,924
122,965
75,259
104,666
50,495
42,330
37,271
46,229
47,563
41,748
37,487
43,922
39,139
42,998
35,875
44,462
36,868
35,227
28,902
52,367
39,257
38,633
50,954
59,106
43,676
43,617
37,913
47,994
39,801
34,576
28,252
38,460
35,828
29,554
20,357
35,785
36,000
35,269
25,224
45,815
48,845
55,210
47,929
86,805
40,000
39,695
31,155
50,345
48,728
39,418
40,671
45,719
49,160
50,301
49,406
72,396
60,460
58,902
69,914
89,726
64,565
52,030
50,078
53,330
45,786

45,786

53,330

50,078

52,030

64,565

89,726

69,914

58,902

60,460

72,396

49,406

50,301

49,160

45,719

40,671

39,418

48,728

50,345

31,155

39,695

40,000

86,805

47,929

55,210

48,845

45,815

25,224

35,269

36,000

35,785

20,357

29,554

35,828

38,460

28,252

34,576

39,801

47,994

37,913

43,617

43,676

59,106

50,954

38,633

39,257

52,367

28,902

35,227

36,868

44,462

35,875

42,998

39,139

43,922

37,487

41,748

47,563

46,229

37,271

42,330

50,495

104,666

75,259

122,965

88,924

107,407

70,858

89,261

99,379

108,236

100,386

82,866

121,939

115,632

101,720

86,379

110,232

94,959

83,361

71,693

71,840

199,820

126,145

134,109

137,238

132,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
222,606
0
0
0
183,431
0
0
0
167,037
35,269
145,616
166,201
20,000
15,000
148,858
0
20,000
0
0
0
0
0
0
0
0
0
0
0
0
0
69,914
89,726
64,565
52,030
50,078
53,330
0

53,330

50,078

52,030

64,565

89,726

69,914

20,000

148,858

15,000

20,000

166,201

145,616

35,269

167,037

183,431

222,606

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
590,728
592,265
605,508
649,977
609,681
612,007
611,280
616,768
602,135
610,672
629,770
649,860
696,708
710,581
835,480
9,220
7,424
7,321
5,853
8,086
7,561
7,336
9,625
11,623
11,019
10,281
11,667
14,202
14,132
15,295
13,444
12,895
15,220
15,233
13,009
14,529
1,223,515
1,201,858
1,237,134
1,304,166
1,357,164
1,373,722
1,386,429
1,301,646
1,127,580
17,413
1,066,220
1,027,784
1,029,905
21,579
1,003,393
23,002
23,679
25,106
26,405
28,412
20,303
16,371
15,996
19,567
18,173
20,998
23,367
20,528
21,250
21,811
21,704
22,526
21,484
23,259
23,274
23,285
19,276
20,364
20,016
20,649
19,377
20,492
19,332
20,235
26,149
22,688
20,947
26,044
27,914
22,867
23,103
15,787
11,674
30,798
36,354
26,577
25,332
27,397
29,207
612

612

29,207

27,397

25,332

26,577

36,354

30,798

11,674

15,787

23,103

22,867

27,914

26,044

20,947

22,688

26,149

20,235

19,332

20,492

19,377

20,649

20,016

20,364

19,276

23,285

23,274

23,259

21,484

22,526

21,704

21,811

21,250

20,528

23,367

20,998

18,173

19,567

15,996

16,371

20,303

28,412

26,405

25,106

23,679

23,002

1,003,393

21,579

1,029,905

1,027,784

1,066,220

17,413

1,127,580

1,301,646

1,386,429

1,373,722

1,357,164

1,304,166

1,237,134

1,201,858

1,223,515

14,529

13,009

15,233

15,220

12,895

13,444

15,295

14,132

14,202

11,667

10,281

11,019

11,623

9,625

7,336

7,561

8,086

5,853

7,321

7,424

9,220

835,480

710,581

696,708

649,860

629,770

610,672

602,135

616,768

611,280

612,007

609,681

649,977

605,508

592,265

590,728

Other Current Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
708,000
0
0
0
0
759,100
0
0
0
724,000
0
0
616,280
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-35,875
1,066,220
1,027,784
1,029,905
-28,902
1,003,393
-39,257
-38,633
-50,954
-59,106
-43,676
-43,617
-37,913
-47,994
-39,801
-34,576
-28,252
-38,460
-35,828
-29,554
-20,357
-35,785
-36,000
-35,269
-25,224
-45,815
-48,845
-55,210
-47,929
-86,805
1,067,527
-39,695
-31,155
-50,345
-48,728
-39,418
-40,671
-45,719
-49,160
-50,301
-49,406
-72,396
993
-58,902
-15,122
-18,133
-91,142
-22,796
-77,475
-82,537
1,341,474

1,341,474

-82,537

-77,475

-22,796

-91,142

-18,133

-15,122

-58,902

993

-72,396

-49,406

-50,301

-49,160

-45,719

-40,671

-39,418

-48,728

-50,345

-31,155

-39,695

1,067,527

-86,805

-47,929

-55,210

-48,845

-45,815

-25,224

-35,269

-36,000

-35,785

-20,357

-29,554

-35,828

-38,460

-28,252

-34,576

-39,801

-47,994

-37,913

-43,617

-43,676

-59,106

-50,954

-38,633

-39,257

1,003,393

-28,902

1,029,905

1,027,784

1,066,220

-35,875

616,280

724,000

759,100

708,000

> Long-term Liabilities

0
0
0
312,800
313,500
310,300
311,600
321,800
320,800
318,000
330,800
375,000
372,600
388,000
409,900
407,900
415,100
413,600
428,600
431,700
434,600
436,000
466,300
466,800
477,400
490,200
508,800
0
512,300
538,000
559,900
582,600
611,300
632,700
731,000
735,200
727,896
752,132
750,466
782,078
751,029
764,178
760,798
747,037
732,236
747,687
839,132
874,394
905,007
920,937
1,036,503
1,024,050
1,064,478
1,080,642
1,124,605
1,145,521
1,168,957
1,178,742
1,209,288
1,218,952
1,204,407
1,211,987
1,222,705
1,252,461
1,269,737
1,334,624
1,357,668
1,374,244
1,469,873
1,499,848
1,539,674
1,566,414
1,558,507
1,533,271
1,575,991
1,643,170
1,683,665
1,675,920
1,693,494
1,600,805
1,419,587
1,365,426
1,335,776
1,294,209
1,291,835
1,253,336
1,260,918
1,221,878
1,220,832
1,231,423
1,242,592
1,232,163
1,247,605
1,215,664
1,219,646
1,223,297
1,229,484
1,229,917
1,205,723
1,202,687
1,214,153
1,194,192
1,223,421
1,204,492
1,204,550
1,207,124
1,231,486
1,232,449
1,208,278
1,210,342
1,232,325
1,267,450
1,294,502
1,279,474
1,311,625
1,316,087
1,342,964
1,515,183
1,555,670
1,602,367
1,652,644
1,633,250
1,574,769
1,587,938
1,623,145
1,619,563
1,671,598
91,142
1,730,008
113,372
113,276
362,218

362,218

113,276

113,372

1,730,008

91,142

1,671,598

1,619,563

1,623,145

1,587,938

1,574,769

1,633,250

1,652,644

1,602,367

1,555,670

1,515,183

1,342,964

1,316,087

1,311,625

1,279,474

1,294,502

1,267,450

1,232,325

1,210,342

1,208,278

1,232,449

1,231,486

1,207,124

1,204,550

1,204,492

1,223,421

1,194,192

1,214,153

1,202,687

1,205,723

1,229,917

1,229,484

1,223,297

1,219,646

1,215,664

1,247,605

1,232,163

1,242,592

1,231,423

1,220,832

1,221,878

1,260,918

1,253,336

1,291,835

1,294,209

1,335,776

1,365,426

1,419,587

1,600,805

1,693,494

1,675,920

1,683,665

1,643,170

1,575,991

1,533,271

1,558,507

1,566,414

1,539,674

1,499,848

1,469,873

1,374,244

1,357,668

1,334,624

1,269,737

1,252,461

1,222,705

1,211,987

1,204,407

1,218,952

1,209,288

1,178,742

1,168,957

1,145,521

1,124,605

1,080,642

1,064,478

1,024,050

1,036,503

920,937

905,007

874,394

839,132

747,687

732,236

747,037

760,798

764,178

751,029

782,078

750,466

752,132

727,896

735,200

731,000

632,700

611,300

582,600

559,900

538,000

512,300

508,800

490,200

477,400

466,800

466,300

436,000

434,600

431,700

428,600

413,600

415,100

407,900

409,900

388,000

372,600

375,000

330,800

318,000

320,800

321,800

311,600

310,300

313,500

312,800

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
207,572
207,308
207,044
206,779
206,515
182,750
182,735
182,720
182,704
182,688
182,672
182,656
182,640
182,623
182,606
177,589
177,572
147,555
147,537
147,519
146,756
146,747
131,737
120,929
120,929
120,929
120,929
115,929
100,929
100,929
100,929
30,929
100,929
100,929
100,929
100,929
100,929
100,929
0
100,929
100,929
30,929
30,929
30,929
30,929
30,929
30,929
110,929
110,929
0
0

110,929

30,929

100,929

30,929

100,929

115,929

120,929

131,737

146,747

146,756

147,519

147,537

147,555

177,572

177,589

182,606

182,623

182,640

182,656

182,672

182,688

182,704

182,720

182,735

182,750

206,515

206,779

207,044

207,308

207,572

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,788
9,922
10,083
10,101
9,348
14,933
15,409
10,164
9,597
10,870
9,542
10,273
11,997
15,813
8,240
10,314
8,519
8,416
6,948
9,213
8,689
8,466
10,756
12,786
12,184
11,447
12,835
15,371
15,333
16,497
14,648
14,129
16,453
16,465
14,241
15,627
15,522
17,264
16,013
20,897
20,863
21,084
19,779
16,920
16,173
17,413
17,786
22,513
19,924
21,579
22,408
23,002
23,679
25,106
26,405
28,412
20,303
16,371
15,996
19,567
18,173
20,998
23,367
20,528
21,250
21,811
21,704
22,526
21,484
23,259
23,274
23,285
19,276
20,041
19,658
20,194
18,887
19,989
18,813
19,736
24,196
20,660
19,063
24,333
26,762
177,139
130,275
25,592
21,995
30,705
36,250
0
0
27,969
0
0

27,969

36,250

30,705

21,995

25,592

130,275

177,139

26,762

24,333

19,063

20,660

24,196

19,736

18,813

19,989

18,887

20,194

19,658

20,041

19,276

23,285

23,274

23,259

21,484

22,526

21,704

21,811

21,250

20,528

23,367

20,998

18,173

19,567

15,996

16,371

20,303

28,412

26,405

25,106

23,679

23,002

22,408

21,579

19,924

22,513

17,786

17,413

16,173

16,920

19,779

21,084

20,863

20,897

16,013

17,264

15,522

15,627

14,241

16,465

16,453

14,129

14,648

16,497

15,333

15,371

12,835

11,447

12,184

12,786

10,756

8,466

8,689

9,213

6,948

8,416

8,519

10,314

8,240

15,813

11,997

10,273

9,542

10,870

9,597

10,164

15,409

14,933

9,348

10,101

10,083

9,922

9,788

> Total Stockholder Equity

0
0
0
36,200
37,000
38,000
38,700
39,800
40,200
41,500
41,700
48,400
49,900
50,400
50,200
51,100
51,900
53,600
53,800
55,500
55,200
56,400
56,600
56,800
56,800
57,300
56,200
0
56,700
57,500
57,100
58,500
58,600
57,200
58,000
58,100
58,800
60,277
61,543
65,511
67,195
68,422
71,024
71,076
72,202
75,003
77,749
79,283
79,970
83,614
82,825
84,191
86,013
84,262
86,120
86,356
86,821
88,680
90,464
92,039
93,386
94,023
98,757
96,856
98,683
97,828
100,978
104,665
102,176
94,647
89,872
72,690
97,062
101,109
105,758
100,566
100,601
100,078
101,734
95,640
96,964
98,096
98,328
96,656
93,706
95,103
98,479
98,905
101,935
97,783
99,496
101,340
107,879
111,911
112,270
108,999
112,001
113,154
114,592
120,771
111,142
113,230
114,768
113,698
114,884
118,561
120,838
108,390
111,134
112,974
115,581
117,066
122,399
126,155
129,339
125,940
118,518
124,453
130,237
131,693
129,189
130,556
133,787
141,900
137,078
132,892
132,044
151,793
152,868
155,156
154,990
161,873

161,873

154,990

155,156

152,868

151,793

132,044

132,892

137,078

141,900

133,787

130,556

129,189

131,693

130,237

124,453

118,518

125,940

129,339

126,155

122,399

117,066

115,581

112,974

111,134

108,390

120,838

118,561

114,884

113,698

114,768

113,230

111,142

120,771

114,592

113,154

112,001

108,999

112,270

111,911

107,879

101,340

99,496

97,783

101,935

98,905

98,479

95,103

93,706

96,656

98,328

98,096

96,964

95,640

101,734

100,078

100,601

100,566

105,758

101,109

97,062

72,690

89,872

94,647

102,176

104,665

100,978

97,828

98,683

96,856

98,757

94,023

93,386

92,039

90,464

88,680

86,821

86,356

86,120

84,262

86,013

84,191

82,825

83,614

79,970

79,283

77,749

75,003

72,202

71,076

71,024

68,422

67,195

65,511

61,543

60,277

58,800

58,100

58,000

57,200

58,600

58,500

57,100

57,500

56,700

56,200

57,300

56,800

56,600

56,400

55,200

55,500

53,800

53,600

51,900

51,100

50,200

50,400

49,900

48,400

41,700

41,500

40,200

39,800

38,700

38,000

37,000

36,200

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
61
62
62
61
61
61
61
61
61
61
61
61
61
62
62
62
62
62
62
62
62
62
62
62
62
62
62
62
62
62
62
62
62
63
63
63
63
63
63
63
71
71
71
71
71
71
71
71
71
71
71
71
70
70
70
70
70
66
66
66
66
67
67
67
67
67
67
66

100

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
65,475
65,757
66,196
63,116
64,334
66,794
69,168
70,653
72,054
73,442
73,836
74,747
75,184
75,849
77,375
78,068
78,568
79,841
87,666
86,747
88,001
89,836
92,922
94,362
96,446
98,233
101,359
103,230
105,607
107,733
109,477
111,989
113,951
117,524
119,481
120,326
121,992
126,043
0
132,072
135,536
138,931
145,487
150,207
154,636
160,573
166,343
167,229
170,298
0
0

170,298

167,229

166,343

160,573

154,636

150,207

145,487

138,931

135,536

132,072

126,043

121,992

120,326

119,481

117,524

113,951

111,989

109,477

107,733

105,607

103,230

101,359

98,233

96,446

94,362

92,922

89,836

88,001

86,747

87,666

79,841

78,568

78,068

77,375

75,849

75,184

74,747

73,836

73,442

72,054

70,653

69,168

66,794

64,334

63,116

66,196

65,757

65,475

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
0
0
-700
-900
-1,500
-700
0
0
200
0
-600
-200
200
0
200
300
0
300
200
800
500
100
-1,200
-1,900
-3,000
-3,225
-3,390
-2,449
119
759
740
1,741
562
396
1,861
3,097
3,280
2,457
3,860
1,940
1,605
1,814
-838
1,021
437
-853
-120
-382
-1,980
-2,392
-3,766
-1,258
-5,580
-4,700
-7,680
-7,000
-5,655
-9,724
-19,829
-25,144
-40,983
-47,818
-43,312
-31,598
-26,659
-21,109
-20,334
-18,574
-19,821
-19,107
-18,743
-18,822
-20,962
-20,861
-20,716
-19,838
-21,823
-20,314
-25,908
-25,624
-24,213
-18,614
-15,052
-15,397
-20,233
-17,973
-17,369
-17,251
-16,829
-17,702
-16,916
-17,261
-21,465
-20,960
-19,402
-18,965
-24,593
-23,773
-24,413
-24,038
-24,403
-21,688
-20,000
-20,493
-25,971
-31,603
-27,483
-25,851
-28,863
-33,198
-28,468
-28,732
-27,314
-36,907
-45,916
-52,834
-39,026
-38,957
-40,110
-43,573
-35,827

-35,827

-43,573

-40,110

-38,957

-39,026

-52,834

-45,916

-36,907

-27,314

-28,732

-28,468

-33,198

-28,863

-25,851

-27,483

-31,603

-25,971

-20,493

-20,000

-21,688

-24,403

-24,038

-24,413

-23,773

-24,593

-18,965

-19,402

-20,960

-21,465

-17,261

-16,916

-17,702

-16,829

-17,251

-17,369

-17,973

-20,233

-15,397

-15,052

-18,614

-24,213

-25,624

-25,908

-20,314

-21,823

-19,838

-20,716

-20,861

-20,962

-18,822

-18,743

-19,107

-19,821

-18,574

-20,334

-21,109

-26,659

-31,598

-43,312

-47,818

-40,983

-25,144

-19,829

-9,724

-5,655

-7,000

-7,680

-4,700

-5,580

-1,258

-3,766

-2,392

-1,980

-382

-120

-853

437

1,021

-838

1,814

1,605

1,940

3,860

2,457

3,280

3,097

1,861

396

562

1,741

740

759

119

-2,449

-3,390

-3,225

-3,000

-1,900

-1,200

100

500

800

200

300

200

-200

-600

200

-700

-1,500

-900

-700

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
21,474
21,487
21,500
21,513
21,531
21,552
21,573
21,592
21,616
21,639
21,661
21,684
21,717
21,756
21,795
21,844
21,892
21,939
21,986
22,034
22,082
22,130
22,178
31,411
31,446
31,499
31,553
31,606
31,709
31,815
31,921
32,027
32,133
32,237
32,359
29,756
29,874
29,975
0
30,245
23,422
23,522
23,661
23,712
24,105
24,238
24,409
24,529
24,901
0
0

24,901

24,529

24,409

24,238

24,105

23,712

23,661

23,522

23,422

30,245

29,975

29,874

29,756

32,359

32,237

32,133

32,027

31,921

31,815

31,709

31,606

31,553

31,499

31,446

31,411

22,178

22,130

22,082

22,034

21,986

21,939

21,892

21,844

21,795

21,756

21,717

21,684

21,661

21,639

21,616

21,592

21,573

21,552

21,531

21,513

21,500

21,487

21,474

Treasury Stock

Other Stockholders Equity

0
0
0
19,400
19,400
19,500
19,400
19,500
19,600
19,700
19,800
23,100
23,000
23,300
23,200
23,200
23,300
23,200
23,300
23,200
27,300
27,500
27,200
26,700
26,000
25,100
24,000
0
23,500
22,900
21,800
21,400
21,000
20,500
20,300
20,300
20,195
20,199
20,199
20,199
20,199
20,199
20,199
20,199
20,199
20,199
20,199
20,199
20,324
20,324
20,324
20,324
20,324
20,324
20,324
20,453
20,573
20,693
20,826
20,946
21,065
21,196
21,324
21,448
21,565
21,683
21,799
21,400
21,071
20,757
20,652
20,520
21,007
21,062
21,183
51,044
21,338
21,392
21,403
21,422
21,454
21,474
21,487
21,500
21,513
21,531
21,552
21,573
21,592
21,616
21,639
21,661
21,684
21,717
21,756
21,795
21,844
21,892
21,939
21,986
22,034
22,082
22,130
22,178
31,411
31,446
31,499
31,553
31,606
31,709
31,815
31,921
32,027
32,133
32,237
32,359
29,756
29,874
29,975
30,149
30,245
23,422
23,522
23,661
23,712
24,105
24,238
24,409
24,529
24,901
25,029
23,734

23,734

25,029

24,901

24,529

24,409

24,238

24,105

23,712

23,661

23,522

23,422

30,245

30,149

29,975

29,874

29,756

32,359

32,237

32,133

32,027

31,921

31,815

31,709

31,606

31,553

31,499

31,446

31,411

22,178

22,130

22,082

22,034

21,986

21,939

21,892

21,844

21,795

21,756

21,717

21,684

21,661

21,639

21,616

21,592

21,573

21,552

21,531

21,513

21,500

21,487

21,474

21,454

21,422

21,403

21,392

21,338

51,044

21,183

21,062

21,007

20,520

20,652

20,757

21,071

21,400

21,799

21,683

21,565

21,448

21,324

21,196

21,065

20,946

20,826

20,693

20,573

20,453

20,324

20,199

20,195

20,300

20,500

21,000

21,400

21,800

22,900

23,500

24,000

25,100

26,000

26,700

27,200

27,500

27,300

23,200

23,300

23,200

23,300

23,200

23,300

23,000

23,100

19,800

19,700

19,600

19,500

19,400

19,500

19,400

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31
Accounts Payable	612	26,577	15,787	26,044	20,235	20,649	23,285	22,526	20,528	19,567	28,412	23,002	1,027,784	1,301,646	1,304,166	14,529	12,895	14,202	11,623	8,086	9,220	649,860	616,768	649,977	0	0	0	0	0	0	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
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
Accumulated Other Comprehensive Income	-35,827	-39,026	-27,314	-28,863	-25,971	-24,403	-24,593	-21,465	-16,829	-20,233	-24,213	-21,823	-20,962	-19,821	-26,659	-40,983	-5,655	-5,580	-1,980	437	1,605	3,280	562	119	-3,000	500	300	200	200	-1,500	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	1,556	2,373	2,761	2,958	3,239	0	0	0	0	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	66	67	66	70	71	71	0	0	0	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	24,409	23,661	0	32,359	31,921	31,553	22,178	21,986	21,795	21,661	21,573	21,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	49,753	74,315	115,720	149,432	49,979	23,541	83,752	63,310	52,141	35,451	43,063	83,068	65,107	299,313	189,671	19,305	25,802	25,788	29,611	26,014	21,746	24,449	23,994	36,055	41,700	13,600	17,600	16,300	16,000	14,500	14,700	20,400	25,200
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
Cash And Short Term Investments	-48,343	200,204	402,491	376,317	181,284	161,182	230,222	203,310	222,373	256,568	379,652	306,341	65,107	299,313	189,671	19,305	25,802	25,788	29,611	26,014	21,746	24,449	23,994	36,055	41,700	13,600	17,600	16,300	16,000	14,500	14,700	20,400	25,200
Common Stock	66	67	66	70	71	71	71	63	63	62	62	62	62	62	61	61	61	61	61	61	61	61	61	61	100	0	0	0	0	0	0	0	0
Common Stock Shares Outstanding	6,701	6,661	6,717	7,013	7,101	7,079	6,932	6,264	6,249	6,270	6,254	6,241	6,224	6,202	6,169	6,178	6,196	6,176	6,152	6,135	6,119	6,119	6,118	6,127	6,217	6,283	6,400	6,549	6,561	6,577	6,501	5,380	5,434
Common Stock Total Equity	0	67	66	70	71	71	71	63	63	62	62	62	62	62	61	61	61	61	61	61	61	61	61	61	100	0	0	0	0	0	0	0	0
Current Deferred Revenue	718	0	-41,912	-23,116	-28,493	0	0	0	0	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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	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	226,751	233,005	241,581	239,772	277,745	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	11,004	12,433	12,052	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	12,856	12,856	11,900	11,900	11,900	11,900	11,900	11,900	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	12,103	12,433	12,052	11,004	11,004	0	11,004	11,004	11,004	11,004	11,004	11,004	14,432	14,700	15,241	16,322	14,560	14,033	14,591	15,149	15,462	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	40,856	-85,099	-125,018	-165,059	-58,222	6,598	10,141	10,910	6,883	12,932	17,031	17,513	16,676	18,072	7,591	2,424	825	23	133	226	177	294	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	1,912,681	1,848,169	1,729,838	1,734,030	1,442,966	1,384,516	1,340,839	1,318,190	1,323,458	1,332,296	1,333,503	1,320,783	1,390,865	1,696,445	1,743,736	1,639,104	1,478,909	1,349,317	1,310,991	1,231,877	1,108,241	953,677	818,113	847,589	793,300	641,100	569,000	523,600	487,200	459,000	423,400	361,600	349,000
Long Term Debt	110,929	30,929	30,929	100,929	100,929	100,929	120,929	131,737	147,537	182,606	182,672	182,735	207,044	192,100	239,544	263,403	177,451	151,530	121,373	175,414	191,735	23,000	23,000	23,000	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	30,929	30,929	0	100,929	100,929	120,929	131,737	147,537	182,606	182,672	182,735	207,044	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	311,466	361,548	1,198,587	295,148	1,132,873	1,090,677	976,178	979,177	972,661	937,375	800,546	1,082,055	1,164,237	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
Net Debt	108,150	23,552	-82,030	-45,545	54,189	117,388	37,177	68,427	95,396	147,155	139,609	99,667	178,805	-17,074	128,436	308,593	241,573	239,921	220,701	259,633	241,829	-24,449	-23,994	-36,055	-41,700	-13,600	-17,600	-16,300	-16,000	-14,500	-14,700	-20,400	-25,200
Net Invested Capital	272,802	247,287	172,829	231,976	226,869	257,995	229,319	0	0	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	7,487	35,632	13,471	19,617	16,063	20,645	25,802	21,115	19,495	21,853	28,830	25,010	28,715	44,859	59,091	31,423	27,368	21,700	22,811	18,949	36,109	31,913	34,691	20,942	20,700	12,000	8,900	7,400	6,900	6,200	4,600	0	5,000
Net Tangible Assets	0	139,360	129,848	120,043	114,936	106,062	97,386	82,694	79,767	67,995	60,342	57,976	52,364	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-1,326,857	144,694	400,175	369,890	177,112	-40,004	2,517	-1,411	-1,033	2,286	418	2,008	-8,153	5,720	11,528	-33,601	-74,451	-91,881	-110,751	-99,369	-44,951	-819,487	-689,309	-738,158	0	0	0	0	0	0	0	0	0
Non Current Assets Total	1,850,948	410,827	392,026	345,423	277,659	1,384,516	1,340,839	1,318,190	1,323,458	1,332,296	1,333,503	1,320,783	1,390,865	1,696,445	1,743,736	1,639,104	1,478,909	1,349,317	1,310,991	1,231,877	1,108,241	953,677	818,113	847,589	793,300	641,100	569,000	523,600	487,200	459,000	423,400	361,600	349,000
Non Current Liabilities Other	0	28,950	28,943	0	23,474	20,649	23,285	22,526	20,528	19,567	28,412	62,259	59,381	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	362,218	91,142	33,690	103,887	104,168	1,267,450	1,232,449	1,204,492	1,202,687	1,223,297	1,232,163	1,221,878	1,294,209	1,600,805	1,643,170	1,566,414	1,374,244	1,252,461	1,218,952	1,145,521	1,024,050	874,394	747,037	782,078	735,200	582,600	512,300	466,800	431,700	407,900	375,000	321,800	312,800
Non Currrent Assets Other	1,780,962	-10,605	-6,857	-7,972	-7,441	1,096,162	1,049,600	1,023,520	991,674	939,190	925,896	1,024,129	1,071,873	1,392,713	1,393,803	1,237,063	1,128,034	1,042,160	1,039,256	982,544	852,566	716,120	669,944	677,950	627,700	531,300	465,100	404,200	381,400	354,000	399,200	343,600	270,800
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
Other Assets	0	1,201,506	921,850	992,673	967,960	-20,645	-25,802	-21,115	-19,495	-21,853	-28,830	-25,010	-28,715	-44,859	-59,091	-31,423	-27,368	-21,700	-22,811	-18,949	-36,109	-31,913	-34,691	-20,942	-20,700	-12,000	-8,900	-7,400	-6,900	-6,200	-4,600	-20,400	-5,000
Other Current Assets	61,733	85,099	125,018	165,059	58,222	922,179	802,828	818,432	769,596	686,676	546,623	721,660	1,006,762	1,074,941	1,174,230	1,186,335	1,074,864	994,672	986,834	937,581	794,711	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	1,341,474	-91,142	-15,787	-26,044	-20,235	1,175,872	-48,845	-36,000	-35,828	-39,801	-43,676	-39,257	1,027,784	0	0	0	0	0	0	0	0	0	724,000	759,100	0	0	0	0	0	0	0	0	0
Other Liab	0	0	25,592	24,333	19,736	19,438	18,463	22,846	19,984	19,567	28,412	23,002	22,513	16,920	20,897	15,627	14,129	15,371	12,786	9,213	10,314	10,273	10,164	10,101	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	23,734	24,409	23,661	30,795	32,359	31,921	31,553	22,178	21,986	21,795	21,661	21,573	21,500	21,422	21,305	20,520	21,400	21,448	20,946	20,453	20,324	20,199	20,199	20,199	20,300	21,400	23,500	26,700	23,200	23,200	23,100	19,500	19,400
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	20,000	30,000	30,000	29,994	29,925	29,860	29,798	29,739	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	64,291	36,846	64,309	39,271	41,371	37,855	30,881	27,160	25,198	25,629	26,905	29,455	30,826	32,945	31,719	31,124	31,407	29,852	27,049	23,523	16,598	13,163	11,527	10,831	9,800	9,100	9,300	9,300	9,600	9,400	8,000	5,300	5,400
Property Plant And Equipment Net	32,826	36,846	36,944	39,271	41,371	37,855	30,881	27,160	25,198	25,629	26,905	29,455	30,826	32,945	31,719	31,124	31,407	29,852	27,049	23,523	16,598	13,163	11,527	10,831	9,800	9,100	9,300	9,300	9,600	9,400	8,000	5,300	5,400
Property Plant Equipment	0	39,681	36,944	39,271	42,837	44,453	41,022	38,070	32,081	38,561	43,936	46,968	47,502	32,945	31,719	31,124	31,407	29,852	27,049	23,523	16,598	13,163	11,527	10,831	0	0	0	0	0	0	0	0	0
Retained Earnings	173,900	166,343	145,487	129,691	119,481	109,477	101,359	92,922	85,551	77,375	73,836	69,168	66,196	64,179	76,120	93,092	88,859	80,927	73,012	65,405	62,201	55,743	50,254	45,132	40,700	36,600	32,900	29,900	32,100	29,400	25,300	20,300	16,800
Retained Earnings Total Equity	0	166,343	145,487	0	119,481	109,477	101,359	92,922	87,666	77,375	73,836	69,168	66,196	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	64,565	0	0	0	40,000	20,000	167,037	183,431	222,606	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	157,903	97,867	33,690	103,887	104,168	140,929	120,929	131,737	147,537	182,606	182,672	182,735	243,912	282,239	318,107	327,898	267,375	265,709	250,312	285,647	263,575	214,300	120,100	122,000	127,000	64,600	6,200	8,000	3,000	11,400	0	0	0
Short Term Debt	45,786	64,565	57,699	49,160	48,728	40,000	48,845	36,000	35,828	39,801	43,676	39,257	36,868	39,139	47,563	50,495	88,924	99,379	121,939	110,232	71,840	0	0	0	0	0	0	0	0	0	0	0	0
Short Term Investments	97,169	125,889	286,771	226,885	131,305	137,641	146,470	140,000	170,232	221,117	336,589	223,273	245,023	229,687	273,784	354,595	304,908	263,272	5,001	1,855	223,615	6,207	11,042	31,934	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
Total Assets	1,912,681	1,848,169	1,729,838	1,734,030	1,442,966	1,384,516	1,340,839	1,318,190	1,323,458	1,332,296	1,333,503	1,320,783	1,390,865	1,696,445	1,743,736	1,639,104	1,478,909	1,349,317	1,310,991	1,231,877	1,108,241	953,677	818,113	847,589	793,300	641,100	569,000	523,600	487,200	459,000	423,400	361,600	349,000
Total Current Assets	61,733	235,836	415,962	395,934	197,347	20,645	25,802	21,115	19,495	21,853	28,830	25,010	28,715	44,859	59,091	31,423	27,368	21,700	22,811	18,949	36,109	31,913	34,691	20,942	20,700	12,000	8,900	7,400	6,900	6,200	4,600	20,400	5,000
Total Current Liabilities	1,388,590	91,142	15,787	26,044	20,235	60,649	23,285	22,526	20,528	19,567	28,412	23,002	36,868	39,139	47,563	65,024	101,819	113,581	133,562	118,318	81,060	851,400	724,000	759,100	0	0	0	0	0	0	0	0	0
Total Liab	1,750,808	1,696,376	1,587,938	1,602,337	1,317,026	1,267,450	1,232,449	1,204,492	1,202,687	1,223,297	1,232,163	1,221,878	1,294,209	1,600,805	1,643,170	1,566,414	1,374,244	1,252,461	1,218,952	1,145,521	1,024,050	874,394	747,037	782,078	735,200	582,600	512,300	466,800	431,700	407,900	375,000	321,800	312,800
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
Total Stockholder Equity	161,873	151,793	141,900	131,693	125,940	117,066	108,390	113,698	120,771	108,999	101,340	98,905	96,656	95,640	100,566	72,690	104,665	96,856	92,039	86,356	84,191	79,283	71,076	65,511	58,100	58,500	56,700	56,800	55,500	51,100	48,400	39,800	36,200
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
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

	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	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31
Accounts Payable	612	29,207	27,397	25,332	26,577	36,354	30,798	11,674	15,787	23,103	22,867	27,914	26,044	20,947	22,688	26,149	20,235	19,332	20,492	19,377	20,649	20,016	20,364	19,276	23,285	23,274	23,259	21,484	22,526	21,704	21,811	21,250	20,528	23,367	20,998	18,173	19,567	15,996	16,371	20,303	28,412	26,405	25,106	23,679	23,002	1,003,393	21,579	1,029,905	1,027,784	1,066,220	17,413	1,127,580	1,301,646	1,386,429	1,373,722	1,357,164	1,304,166	1,237,134	1,201,858	1,223,515	14,529	13,009	15,233	15,220	12,895	13,444	15,295	14,132	14,202	11,667	10,281	11,019	11,623	9,625	7,336	7,561	8,086	5,853	7,321	7,424	9,220	835,480	710,581	696,708	649,860	629,770	610,672	602,135	616,768	611,280	612,007	609,681	649,977	605,508	592,265	590,728	0	0	0	0	0	0	0	0	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 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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Accumulated Other Comprehensive Income	-35,827	-43,573	-40,110	-38,957	-39,026	-52,834	-45,916	-36,907	-27,314	-28,732	-28,468	-33,198	-28,863	-25,851	-27,483	-31,603	-25,971	-20,493	-20,000	-21,688	-24,403	-24,038	-24,413	-23,773	-24,593	-18,965	-19,402	-20,960	-21,465	-17,261	-16,916	-17,702	-16,829	-17,251	-17,369	-17,973	-20,233	-15,397	-15,052	-18,614	-24,213	-25,624	-25,908	-20,314	-21,823	-19,838	-20,716	-20,861	-20,962	-18,822	-18,743	-19,107	-19,821	-18,574	-20,334	-21,109	-26,659	-31,598	-43,312	-47,818	-40,983	-25,144	-19,829	-9,724	-5,655	-7,000	-7,680	-4,700	-5,580	-1,258	-3,766	-2,392	-1,980	-382	-120	-853	437	1,021	-838	1,814	1,605	1,940	3,860	2,457	3,280	3,097	1,861	396	562	1,741	740	759	119	-2,449	-3,390	-3,225	-3,000	-1,900	-1,200	100	500	800	200	300	0	300	200	0	200	-200	-600	0	200	0	0	-700	-1,500	-900	-700	0	0	0	0	0	0	0	0	0	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,556	2,347	2,443	2,536	2,373	2,472	2,570	2,666	2,761	2,854	2,945	3,035	2,958	3,011	3,088	3,164	3,239	3,312	3,177	3,250	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	66	67	67	67	67	67	67	66	66	66	66	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	24,901	24,529	24,409	24,238	24,105	23,712	23,661	23,522	23,422	30,245	0	29,975	29,874	29,756	32,359	32,237	32,133	32,027	31,921	31,815	31,709	31,606	31,553	31,499	31,446	31,411	22,178	22,130	22,082	22,034	21,986	21,939	21,892	21,844	21,795	21,756	21,717	21,684	21,661	21,639	21,616	21,592	21,573	21,552	21,531	21,513	21,500	21,487	21,474	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	49,753	80,652	88,551	155,895	74,315	30,756	21,651	76,116	115,720	134,938	194,422	193,017	149,432	155,606	117,090	72,008	49,979	84,169	38,989	54,004	23,541	23,557	25,391	21,226	83,752	85,034	72,962	62,838	63,310	66,084	22,685	53,261	52,141	64,789	57,904	45,225	35,451	51,140	62,059	43,808	43,063	71,535	42,069	84,828	83,068	88,488	66,939	98,125	65,107	84,896	133,449	153,363	299,313	362,251	316,232	248,874	189,671	99,671	48,632	63,231	19,305	21,961	23,770	25,572	25,802	22,247	24,451	30,864	25,788	24,047	25,218	22,290	29,611	27,899	28,590	29,199	26,014	21,152	21,899	29,631	21,746	32,121	31,028	34,352	24,449	14,598	21,048	22,009	23,994	16,218	17,450	14,810	36,055	21,097	22,766	17,298	41,700	15,700	18,500	23,700	13,600	15,000	16,700	17,600	17,600	18,600	21,000	21,300	16,300	24,200	17,800	16,000	16,000	14,100	20,100	16,000	14,500	16,800	16,100	13,500	14,700	12,800	11,500	20,500	20,400	10,500	14,700	20,100	25,200	-	-	-
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	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	145,512	195,022	208,636	279,873	200,204	158,795	154,518	219,725	402,491	370,502	436,435	397,023	376,317	308,767	263,280	202,800	181,284	219,245	174,798	190,518	161,182	162,202	167,694	166,830	230,222	234,194	202,160	199,775	203,310	214,121	169,912	208,504	222,373	250,308	263,130	273,020	256,568	273,975	267,317	405,273	379,652	368,545	346,750	324,268	306,341	88,488	66,939	98,125	65,107	84,896	133,449	153,363	299,313	362,251	316,232	248,874	189,671	99,671	48,632	63,231	19,305	21,961	23,770	25,572	25,802	22,247	24,451	30,864	25,788	24,047	25,218	22,290	29,611	27,899	28,590	29,199	26,014	21,152	21,899	29,631	21,746	32,121	31,028	34,352	24,449	14,598	21,048	22,009	23,994	16,218	17,450	14,810	36,055	21,097	22,766	17,298	41,700	15,700	18,500	23,700	13,600	15,000	16,700	17,600	0	18,600	21,000	21,300	16,300	24,200	17,800	16,000	16,000	14,100	20,100	16,000	14,500	16,800	16,100	13,500	14,700	12,800	11,500	20,500	20,400	10,500	14,700	20,100	25,200	-	-	-
Common Stock	66	67	67	67	67	67	67	66	66	66	66	70	70	70	70	70	71	71	71	71	71	71	71	71	71	71	71	71	63	63	63	63	63	63	63	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	61	61	61	61	61	61	61	61	61	61	62	62	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Common Stock Shares Outstanding	6,653	6,728	6,718	6,697	6,692	6,669	6,661	6,636	6,630	6,624	6,615	7,000	6,995	6,993	6,992	7,071	7,110	7,107	7,100	7,088	7,088	7,084	7,077	7,067	7,067	7,067	7,062	6,530	6,267	6,269	6,264	6,255	6,112	6,303	6,297	6,284	6,277	6,275	6,269	6,258	6,257	6,258	6,254	6,246	6,246	6,246	6,241	6,230	6,231	6,230	6,224	6,213	6,210	6,207	6,201	6,191	6,187	6,179	6,163	6,166	6,234	6,149	6,155	6,174	6,193	6,197	6,197	6,192	6,188	6,180	6,172	6,168	6,165	6,155	6,148	6,143	6,139	6,130	6,098	6,073	6,133	6,102	6,197	6,177	6,133	6,127	6,126	6,173	6,164	6,102	6,056	6,159	6,127	6,226	6,127	6,110	6,217	6,107	6,176	6,046	6,283	6,382	6,118	6,400	6,344	6,201	6,344	6,717	6,821	6,477	6,449	6,449	6,743	6,449	6,298	6,412	6,577	6,298	6,717	6,449	6,547	5,458	5,496	5,426	5,182	5,458	5,225	5,458	5,734	5,496	5,496	5,496
Common Stock Total Equity	0	0	67	67	67	67	67	66	66	66	66	70	70	70	70	70	71	71	71	71	71	71	71	71	71	71	71	71	63	63	63	63	63	63	63	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	62	61	61	61	61	61	61	61	61	61	61	62	62	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	61	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Current Deferred Revenue	718	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	225,191	226,751	233,630	233,713	232,944	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	11,004	0	0	0	12,433	0	0	12,000	12,052	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	0	0	11,004	11,004	0	0	0	12,856	0	0	0	12,856	0	0	0	11,900	0	0	0	11,900	0	0	0	11,900	0	0	0	11,900	0	0	0	11,900	0	0	0	11,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Intangible Assets	12,103	12,185	12,268	12,350	12,433	11,895	11,947	12,000	12,052	0	0	0	0	0	0	0	0	11,004	11,004	11,004	0	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	11,004	14,432	14,499	14,566	14,633	14,700	14,808	15,014	15,221	15,241	15,455	15,904	16,113	16,322	14,047	14,218	14,389	14,560	14,731	14,821	13,894	14,033	14,173	14,312	14,452	14,591	14,731	14,870	15,010	15,149	15,289	15,428	15,568	15,462	15,578	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Inventory	-152,999	-92,219	-100,349	-167,012	-85,099	-221,628	-206,001	4,477	4,477	6,663	6,756	7,533	9,386	3,787	3,926	4,040	4,127	4,721	5,531	6,167	6,598	7,482	8,503	9,514	10,141	9,781	11,556	11,002	10,910	10,259	9,423	6,142	6,883	7,477	11,587	12,481	12,932	11,588	12,288	15,613	17,031	16,982	19,344	16,188	17,513	20,631	19,828	19,118	16,676	17,508	19,143	62,534	18,072	15,612	11,643	10,252	7,591	4,061	2,357	2,513	2,424	714	517	855	825	462	100	15	23	86	113	113	133	199	263	167	226	167	139	139	177	0	260	263	294	294	263	271	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Liabilities And Stockholders Equity	1,912,681	1,928,201	1,928,393	1,937,442	1,848,169	1,803,642	1,752,455	1,760,325	1,729,838	1,708,556	1,763,806	1,781,833	1,734,030	1,685,907	1,639,636	1,461,482	1,442,966	1,440,964	1,405,629	1,416,901	1,384,516	1,347,906	1,323,316	1,319,412	1,340,839	1,352,324	1,325,685	1,319,434	1,318,190	1,338,189	1,307,422	1,325,295	1,323,458	1,320,315	1,343,071	1,341,485	1,332,296	1,331,916	1,327,575	1,355,484	1,333,503	1,342,088	1,329,206	1,322,767	1,320,783	1,359,397	1,348,439	1,385,541	1,390,865	1,434,104	1,463,522	1,516,551	1,696,445	1,795,228	1,775,998	1,784,266	1,743,736	1,681,749	1,634,380	1,655,569	1,639,104	1,629,546	1,594,495	1,572,049	1,478,909	1,458,646	1,432,452	1,368,420	1,349,317	1,321,462	1,306,010	1,297,793	1,310,991	1,299,752	1,267,422	1,255,778	1,231,877	1,210,725	1,164,904	1,150,491	1,108,241	1,119,328	1,004,551	984,977	953,677	916,881	822,690	804,438	818,113	831,822	832,600	818,224	847,589	812,009	812,409	786,696	793,300	789,000	689,900	669,900	641,100	617,000	595,500	569,000	569,000	565,000	547,500	534,200	523,600	522,900	492,400	489,800	487,200	482,400	467,200	467,000	459,000	460,100	438,400	422,500	423,400	372,500	359,500	361,000	361,600	350,300	348,300	350,500	349,000	-	-	-
Long Term Debt	110,929	110,929	110,929	110,929	30,929	30,929	30,929	30,929	30,929	30,929	100,929	100,929	100,929	100,929	100,929	100,929	100,929	100,929	100,929	30,929	100,929	100,929	100,929	115,929	120,929	120,929	120,929	120,929	131,737	146,747	146,756	147,519	147,537	147,555	177,572	177,589	182,606	182,623	182,640	182,656	182,672	182,688	182,704	182,720	182,735	182,750	206,515	206,779	207,044	207,308	207,572	232,836	243,100	243,364	243,627	263,890	270,544	276,615	276,878	277,140	277,403	277,665	277,927	218,189	178,451	178,712	182,807	164,569	166,330	153,091	154,852	156,612	128,373	155,133	156,894	158,633	198,733	193,674	219,145	220,904	191,735	192,783	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	137,238	132,000	23,000	134,875	149,945	127,380	0	0	0	0	0	0	0	0	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 Debt Total	0	0	110,929	110,929	30,929	30,929	30,929	30,929	30,929	30,929	100,929	100,929	0	100,929	100,929	100,929	100,929	100,929	100,929	30,929	100,929	100,929	100,929	115,929	120,929	120,929	120,929	120,929	131,737	146,747	146,756	147,519	147,537	147,555	177,572	177,589	182,606	182,623	182,640	182,656	182,672	182,688	182,704	182,720	182,735	182,750	206,515	206,779	207,044	207,308	207,572	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	311,466	330,053	350,844	357,061	361,548	366,484	373,455	385,265	1,198,587	297,543	307,696	1,250,228	295,148	1,247,688	1,246,478	1,129,457	1,132,873	1,081,917	1,089,139	232,052	1,090,677	1,047,463	1,021,727	1,018,901	976,178	975,125	984,387	980,968	979,177	988,832	1,004,304	989,862	972,661	937,613	941,097	933,739	937,375	919,818	920,261	804,325	800,546	824,957	830,228	847,684	1,082,055	1,108,972	1,118,383	1,123,282	1,164,237	1,176,707	1,154,745	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Net Debt	108,150	85,954	74,899	9,600	23,552	92,371	81,762	-42,521	-82,030	-101,155	-90,548	-89,053	-45,545	-51,666	-13,073	32,085	54,189	20,072	65,117	50,175	117,388	77,372	75,538	94,703	37,177	35,895	47,967	58,091	68,427	80,663	124,071	94,258	95,396	82,766	119,668	132,364	147,155	131,483	120,581	138,848	139,609	111,153	140,635	97,892	99,667	146,629	139,576	143,881	178,805	166,874	74,123	122,471	-17,074	-74,965	-35,118	56,764	128,436	223,173	265,517	256,239	308,593	360,370	329,416	315,582	241,573	263,872	229,214	222,966	239,921	237,280	230,020	217,188	220,701	242,866	230,024	215,834	259,633	267,481	280,607	262,966	241,829	-32,121	-31,028	161,950	-24,449	185,222	105,097	-22,009	-23,994	117,891	119,788	117,190	-36,055	-21,097	-22,766	-17,298	-41,700	7,300	-18,500	-23,700	-13,600	-15,000	-16,700	-17,600	-11,400	-18,600	-21,000	-21,300	-16,300	-24,200	-17,800	-16,000	-16,000	-14,100	-20,100	-16,000	-14,500	-16,800	-16,100	-13,500	-14,700	-12,800	-11,500	-20,500	-20,400	-10,500	-14,700	-20,100	-25,200	-	-	-
Net Invested Capital	272,802	319,249	316,163	315,827	247,287	252,699	233,735	168,007	172,829	164,716	231,485	230,118	231,976	231,166	225,382	219,478	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,487	37,499	39,836	36,625	35,632	27,344	25,315	5,075	13,471	22,899	22,206	19,777	19,617	19,244	17,611	15,240	16,063	29,019	29,894	25,495	20,645	25,411	22,972	23,868	25,802	27,211	22,882	23,048	21,115	20,779	20,578	18,567	19,495	19,215	20,400	18,754	21,853	25,515	26,906	26,978	28,830	21,759	21,342	27,014	25,010	27,048	27,241	27,980	28,715	39,666	40,130	42,957	44,859	43,589	53,137	63,715	59,091	25,369	19,427	20,281	31,423	44,296	40,392	32,041	27,368	27,453	22,679	20,464	21,700	25,122	24,347	23,200	22,811	19,418	14,932	16,501	18,949	35,294	38,198	32,841	36,109	34,282	31,600	31,287	31,913	32,836	33,484	31,944	34,691	41,088	31,661	27,398	20,942	21,258	22,163	20,152	20,700	19,700	14,800	12,200	12,000	11,300	11,300	8,900	8,900	8,900	7,600	6,900	7,400	7,200	6,100	6,100	6,900	6,100	5,200	6,200	6,200	6,600	5,600	4,500	4,600	4,300	4,900	5,800	0	5,600	5,300	5,100	5,000	-	-	-
Net Tangible Assets	0	0	142,888	140,518	139,360	120,149	120,945	125,078	129,848	133,787	130,556	118,185	120,043	119,233	113,449	107,545	114,936	118,335	115,151	111,395	106,062	104,577	101,970	100,130	97,386	99,834	97,557	93,880	82,694	83,764	82,226	80,138	79,767	73,588	72,150	70,997	67,995	71,266	70,907	66,875	60,342	58,515	56,820	60,989	57,976	57,566	54,207	52,826	52,364	53,985	53,702	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,326,857	149,984	170,997	261,932	144,694	-102,790	-80,535	-6,599	-2,316	-204	-661	-8,137	-6,427	-1,703	-5,077	-10,909	-4,172	9,687	9,402	6,118	-40,004	5,395	2,608	4,592	2,517	3,937	-377	1,564	-1,411	-925	-1,233	-2,683	-1,033	-4,152	-598	581	2,286	9,519	10,535	6,675	418	-4,646	-3,764	3,335	2,008	-25,319	5,662	-7,247	-8,153	-4,796	22,717	-41	5,720	-333	15,650	21,967	11,528	-20,860	-17,844	-22,049	-33,601	-73,379	-50,100	-106,144	-74,451	-93,398	-63,474	-82,929	-91,881	-94,781	-86,320	-70,685	-110,751	-105,839	-94,124	-77,439	-99,369	-65,518	-52,484	-46,276	-44,951	0	-866,300	0	-819,487	-166,984	-92,661	-692,056	-689,309	-93,021	-105,577	-104,602	-738,158	0	0	0	0	-688,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Non Current Assets Total	1,850,948	376,909	398,634	57,913	410,827	1,803,642	1,752,455	1,760,223	1,729,838	1,708,556	1,763,806	1,781,833	1,733,414	1,685,907	1,639,636	1,461,513	1,442,027	1,440,964	1,405,629	1,416,901	1,384,516	1,347,906	1,323,316	1,319,412	1,340,839	1,352,324	1,325,685	1,319,434	1,318,190	1,338,189	1,307,422	1,325,295	1,323,458	1,320,315	1,343,071	1,341,485	1,332,296	1,331,916	1,327,575	1,355,484	1,333,503	1,342,088	1,329,206	1,322,767	1,320,783	1,359,397	1,348,439	1,385,541	1,390,865	1,434,104	1,463,522	1,516,551	1,696,445	1,795,228	1,775,998	1,784,266	1,743,736	1,681,749	1,634,380	1,655,569	1,639,104	1,629,546	1,594,495	1,572,049	1,478,909	1,458,646	1,432,452	1,368,420	1,349,317	1,321,462	1,306,010	1,297,793	1,310,991	1,299,752	1,267,422	1,255,778	1,231,877	1,210,725	1,164,904	1,150,491	1,108,241	1,119,328	1,004,551	984,977	953,677	916,881	822,690	804,438	818,113	831,822	832,600	818,224	847,589	812,009	812,409	786,696	793,300	789,000	689,900	669,900	641,100	617,000	595,500	569,000	0	565,000	547,500	534,200	523,600	522,900	492,400	489,800	487,200	482,400	467,200	467,000	459,000	460,100	438,400	422,500	423,400	372,500	359,500	361,000	361,600	350,300	348,300	350,500	349,000	-	-	-
Non Current Liabilities Other	0	0	30,929	28,996	28,950	38,826	33,367	24,764	28,943	25,957	25,812	30,949	0	23,958	25,776	29,313	23,474	22,644	23,669	22,627	20,649	20,016	20,364	19,276	23,285	23,274	23,259	21,484	22,526	21,704	21,811	21,250	20,528	23,367	20,998	18,173	19,567	15,996	16,371	20,303	28,412	26,405	25,106	23,679	62,259	74,775	50,481	55,151	59,381	62,248	53,288	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	362,218	113,276	113,372	1,730,008	91,142	1,671,598	1,619,563	1,623,145	1,587,938	1,574,769	1,633,250	1,652,644	1,602,367	1,555,670	1,515,183	1,342,964	1,316,087	1,311,625	1,279,474	1,294,502	1,267,450	1,232,325	1,210,342	1,208,278	1,232,449	1,231,486	1,207,124	1,204,550	1,204,492	1,223,421	1,194,192	1,214,153	1,202,687	1,205,723	1,229,917	1,229,484	1,223,297	1,219,646	1,215,664	1,247,605	1,232,163	1,242,592	1,231,423	1,220,832	1,221,878	1,260,918	1,253,336	1,291,835	1,294,209	1,335,776	1,365,426	1,419,587	1,600,805	1,693,494	1,675,920	1,683,665	1,643,170	1,575,991	1,533,271	1,558,507	1,566,414	1,539,674	1,499,848	1,469,873	1,374,244	1,357,668	1,334,624	1,269,737	1,252,461	1,222,705	1,211,987	1,204,407	1,218,952	1,209,288	1,178,742	1,168,957	1,145,521	1,124,605	1,080,642	1,064,478	1,024,050	1,036,503	920,937	905,007	874,394	839,132	747,687	732,236	747,037	760,798	764,178	751,029	782,078	750,466	752,132	727,896	735,200	731,000	632,700	611,300	582,600	559,900	538,000	512,300	0	508,800	490,200	477,400	466,800	466,300	436,000	434,600	431,700	428,600	413,600	415,100	407,900	409,900	388,000	372,600	375,000	330,800	318,000	320,800	321,800	311,600	310,300	313,500	312,800	-	-	-
Non Currrent Assets Other	1,780,962	-13,020	-11,771	-359,133	-10,605	1,372,074	1,316,020	1,316,435	1,337,812	1,354,519	1,398,855	1,458,692	1,387,991	1,412,658	1,367,628	1,177,566	1,164,368	1,150,799	1,114,377	1,126,729	1,104,006	1,058,608	1,035,369	1,029,437	1,058,852	1,048,242	1,040,205	1,026,318	1,042,857	1,034,120	1,005,518	1,012,661	1,011,464	968,119	969,911	942,068	965,097	941,774	954,309	928,049	955,105	971,406	948,842	1,011,183	1,053,011	1,050,012	1,045,719	1,083,725	1,100,584	1,083,372	1,150,745	1,216,593	1,419,113	1,484,259	1,498,163	1,461,875	1,422,992	1,315,861	1,226,199	1,273,258	1,237,063	1,208,317	1,177,908	1,147,449	1,128,034	1,113,641	1,089,460	1,040,391	1,042,160	1,034,665	1,031,581	1,027,565	1,039,256	1,059,568	1,026,318	994,493	982,544	956,973	925,422	905,261	852,566	849,718	781,819	754,322	716,120	682,001	671,273	659,836	669,944	682,802	674,775	664,415	677,950	659,239	661,726	631,234	627,700	622,000	580,600	557,800	531,300	507,100	492,000	465,100	0	454,900	441,200	421,100	404,200	463,400	446,600	440,900	381,400	381,200	372,800	365,000	354,000	415,400	399,600	396,800	399,200	350,900	338,200	340,800	343,600	330,900	264,200	329,000	270,800	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Assets	0	1,318,771	1,281,287	1,563,031	1,201,506	-5,157	-5,055	-4,973	-13,471	-22,899	-22,206	-19,777	-19,001	-19,244	-17,611	-15,271	-15,124	-29,019	-29,894	-25,495	-20,645	-25,411	-22,972	-23,868	-25,802	-27,211	-22,882	-23,048	-21,115	-20,779	-20,578	-18,567	-19,495	-19,215	-20,400	-18,754	-21,853	-25,515	-26,906	-26,978	-28,830	-21,759	-21,342	-27,014	-25,010	-27,048	-27,241	-27,980	-28,715	-39,666	-40,130	-42,957	-44,859	-43,589	-53,137	-63,715	-59,091	-25,369	-19,427	-20,281	-31,423	-44,296	-40,392	-32,041	-27,368	-27,453	-22,679	-20,464	-21,700	-25,122	-24,347	-23,200	-22,811	-19,418	-14,932	-16,501	-18,949	-35,294	-38,198	-32,841	-36,109	-34,282	-31,600	-31,287	-31,913	-32,836	-33,484	-31,944	-34,691	-41,088	-31,661	-27,398	-20,942	-21,258	-22,163	-20,152	-20,700	-19,700	-14,800	-12,200	-12,000	-11,300	-11,300	-8,900	0	-8,900	-7,600	-6,900	-7,400	-7,200	-6,100	-6,100	-6,900	-6,100	-5,200	-16,000	-6,200	-6,600	-5,600	-4,500	-4,600	-4,300	-4,900	-5,800	-20,400	-5,600	-5,300	-5,100	-5,000	-	-	-
Other Current Assets	61,733	92,219	100,349	167,012	85,099	40,646	31,223	4,905	27,139	969,064	948,063	1,041,892	992,057	1,084,647	1,086,737	969,026	967,021	908,921	915,893	917,551	922,179	880,024	853,871	847,675	802,828	804,517	833,132	822,496	818,432	818,498	834,877	805,036	769,596	722,524	710,387	676,518	686,676	665,625	683,192	521,276	546,623	612,537	612,375	687,772	721,660	963,814	981,593	987,733	1,006,762	985,926	1,004,189	1,047,502	1,074,941	1,103,336	1,128,794	1,149,286	1,174,230	1,190,821	1,191,198	1,189,746	1,186,335	1,142,060	1,113,746	1,089,836	1,074,864	1,063,941	1,042,330	989,063	994,672	985,496	982,016	982,075	986,834	1,012,251	982,796	948,793	937,581	900,527	865,325	842,789	794,711	783,315	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Current Liab	1,341,474	-82,537	-77,475	-22,796	-91,142	-18,133	-15,122	-58,902	993	-72,396	-49,406	-50,301	-49,160	-45,719	-40,671	-39,418	-48,728	-50,345	-31,155	-39,695	1,067,527	-86,805	-47,929	-55,210	-48,845	-45,815	-25,224	-35,269	-36,000	-35,785	-20,357	-29,554	-35,828	-38,460	-28,252	-34,576	-39,801	-47,994	-37,913	-43,617	-43,676	-59,106	-50,954	-38,633	-39,257	1,003,393	-28,902	1,029,905	1,027,784	1,066,220	-35,875	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	616,280	0	0	724,000	0	0	0	759,100	0	0	0	0	708,000	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	-	-	-	-
Other Liab	0	0	27,969	0	0	36,250	30,705	21,995	25,592	130,275	177,139	26,762	24,333	19,063	20,660	24,196	19,736	18,813	19,989	18,887	20,194	19,658	20,041	19,276	23,285	23,274	23,259	21,484	22,526	21,704	21,811	21,250	20,528	23,367	20,998	18,173	19,567	15,996	16,371	20,303	28,412	26,405	25,106	23,679	23,002	22,408	21,579	19,924	22,513	17,786	17,413	16,173	16,920	19,779	21,084	20,863	20,897	16,013	17,264	15,522	15,627	14,241	16,465	16,453	14,129	14,648	16,497	15,333	15,371	12,835	11,447	12,184	12,786	10,756	8,466	8,689	9,213	6,948	8,416	8,519	10,314	8,240	15,813	11,997	10,273	9,542	10,870	9,597	10,164	15,409	14,933	9,348	10,101	10,083	9,922	9,788	0	0	0	0	0	0	0	0	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 Stockholder Equity	23,734	25,029	24,901	24,529	24,409	24,238	24,105	23,712	23,661	23,522	23,422	30,245	30,149	29,975	29,874	29,756	32,359	32,237	32,133	32,027	31,921	31,815	31,709	31,606	31,553	31,499	31,446	31,411	22,178	22,130	22,082	22,034	21,986	21,939	21,892	21,844	21,795	21,756	21,717	21,684	21,661	21,639	21,616	21,592	21,573	21,552	21,531	21,513	21,500	21,487	21,474	21,454	21,422	21,403	21,392	21,338	51,044	21,183	21,062	21,007	20,520	20,652	20,757	21,071	21,400	21,799	21,683	21,565	21,448	21,324	21,196	21,065	20,946	20,826	20,693	20,573	20,453	20,324	20,324	20,324	20,324	20,324	20,324	20,324	20,199	20,199	20,199	20,199	20,199	20,199	20,199	20,199	20,199	20,199	20,199	20,195	20,300	20,300	20,500	21,000	21,400	21,800	22,900	23,500	0	24,000	25,100	26,000	26,700	27,200	27,500	27,300	23,200	23,300	23,200	23,300	23,200	23,200	23,300	23,000	23,100	19,800	19,700	19,600	19,500	19,400	19,500	19,400	19,400	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000	10,000	10,000	20,000	20,000	20,000	20,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	30,000	29,994	29,977	29,959	29,942	29,925	29,909	29,892	29,876	29,860	29,844	29,828	29,813	29,798	29,783	29,768	29,754	29,739	29,724	29,710	29,696	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	64,291	34,671	35,522	36,279	36,846	37,009	0	0	0	0	38,402	38,774	39,271	39,863	40,839	41,252	41,371	41,095	40,732	40,281	37,855	36,894	35,177	32,553	30,881	30,263	28,955	28,155	27,160	27,363	26,094	25,420	25,198	25,013	25,108	25,354	25,629	26,001	26,312	26,628	26,905	27,333	29,154	29,229	29,455	29,672	30,378	30,512	30,826	31,298	31,840	32,367	32,945	31,987	31,628	31,230	31,719	32,363	32,441	31,291	31,124	31,188	31,410	31,484	31,407	31,169	31,057	30,781	29,852	27,327	26,721	26,723	27,049	23,636	24,032	24,046	23,523	20,961	20,492	17,183	16,598	15,877	13,930	13,788	13,163	12,268	11,740	11,643	11,527	11,223	11,251	10,894	10,831	10,239	9,959	9,691	9,800	9,500	9,300	9,300	9,100	9,500	9,600	9,300	9,300	9,200	9,300	9,400	9,300	9,100	9,200	9,400	9,600	10,000	9,800	9,500	9,400	8,900	8,400	8,200	8,000	6,400	6,000	5,700	5,300	5,600	5,600	5,500	5,400	-	-	-
Property Plant And Equipment Net	32,826	34,671	35,522	36,279	36,846	37,009	37,380	36,162	36,944	37,544	38,402	38,774	39,271	39,863	40,839	41,252	41,371	41,095	40,732	40,281	37,855	36,894	35,177	32,553	30,881	30,263	28,955	28,155	27,160	27,363	26,094	25,420	25,198	25,013	25,108	25,354	25,629	26,001	26,312	26,628	26,905	27,333	29,154	29,229	29,455	29,672	30,378	30,512	30,826	31,298	31,840	32,367	32,945	31,987	31,628	31,230	31,719	32,363	32,441	31,291	31,124	31,188	31,410	31,484	31,407	31,169	31,057	30,781	29,852	27,327	26,721	26,723	27,049	23,636	24,032	24,046	23,523	20,961	20,492	17,183	16,598	15,877	13,930	13,788	13,163	12,268	11,740	11,643	11,527	11,223	11,251	10,894	10,831	10,239	9,959	9,691	9,800	9,500	9,300	9,300	9,100	9,500	9,600	9,300	0	9,200	9,300	9,400	9,300	9,100	9,200	9,400	9,600	10,000	9,800	9,500	9,400	8,900	8,400	8,200	8,000	6,400	6,000	5,700	5,300	5,600	5,600	5,500	5,400	-	-	-
Property Plant Equipment	0	0	38,374	38,805	39,681	37,009	37,380	36,162	36,944	41,876	38,402	43,812	39,271	41,205	42,247	42,702	42,837	43,085	43,669	40,281	44,453	44,376	43,680	42,067	41,022	40,044	40,511	39,157	38,070	37,622	35,517	31,562	32,081	32,490	36,695	37,835	38,561	37,589	38,600	42,241	43,936	44,315	48,498	45,417	46,968	50,303	50,206	49,630	47,502	48,806	50,983	32,367	32,945	31,987	31,628	31,230	31,719	32,363	32,441	31,291	31,124	31,188	31,410	31,484	31,407	31,169	31,057	30,781	29,852	27,327	26,721	26,723	27,049	23,636	24,032	24,046	23,523	20,962	20,492	17,183	16,598	15,877	13,930	13,788	13,163	12,268	11,740	11,644	11,527	11,223	11,251	10,894	10,831	10,239	9,959	9,691	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Retained Earnings	173,900	173,467	170,298	167,229	166,343	160,573	154,636	150,207	145,487	138,931	135,536	132,072	129,691	126,043	121,992	120,326	119,481	117,524	113,951	111,989	109,477	107,733	105,607	103,230	101,359	98,233	96,446	94,362	92,922	89,836	88,001	86,747	85,551	79,841	78,568	78,068	77,375	75,849	75,184	74,747	73,836	73,442	72,054	70,653	69,168	66,794	64,334	63,116	66,196	65,757	65,475	64,742	64,179	69,060	69,190	70,557	76,120	86,388	93,588	94,116	93,092	94,303	93,658	90,768	88,859	86,117	83,763	81,757	80,927	78,630	76,532	74,652	73,012	69,959	68,046	67,040	65,405	64,714	64,715	63,814	62,201	60,500	59,369	57,128	55,743	54,392	52,882	51,546	50,254	49,023	47,422	46,176	45,132	43,732	43,407	41,769	40,700	39,500	37,900	37,500	36,600	34,500	34,400	32,900	32,900	31,900	32,000	30,800	29,900	29,600	29,500	27,900	32,100	30,500	30,400	29,300	29,400	27,900	27,800	26,900	25,300	21,900	21,800	20,600	20,300	19,300	18,500	17,600	16,800	-	-	-
Retained Earnings Total Equity	0	0	170,298	167,229	166,343	160,573	154,636	150,207	145,487	138,931	135,536	132,072	0	126,043	121,992	120,326	119,481	117,524	113,951	111,989	109,477	107,733	105,607	103,230	101,359	98,233	96,446	94,362	92,922	89,836	88,001	86,747	87,666	79,841	78,568	78,068	77,375	75,849	75,184	74,747	73,836	73,442	72,054	70,653	69,168	66,794	64,334	63,116	66,196	65,757	65,475	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	53,330	50,078	52,030	64,565	89,726	69,914	0	0	0	0	0	0	0	0	0	0	0	0	0	20,000	0	148,858	15,000	20,000	166,201	145,616	35,269	167,037	0	0	0	183,431	0	0	0	222,606	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	157,903	166,606	163,450	165,495	97,867	123,127	103,413	33,595	33,690	33,783	103,874	103,964	103,887	103,940	104,017	104,093	104,168	104,241	104,106	104,179	140,929	100,929	100,929	115,929	120,929	120,929	120,929	120,929	131,737	146,747	146,756	147,519	147,537	147,555	177,572	177,589	182,606	182,623	182,640	182,656	182,672	182,688	182,704	182,720	182,735	235,117	206,515	242,006	243,912	251,770	207,572	275,834	282,239	287,286	281,114	305,638	318,107	322,844	314,149	319,470	327,898	382,331	353,186	341,154	267,375	286,119	253,665	253,830	265,709	261,327	255,238	239,478	250,312	270,765	258,614	245,033	285,647	288,633	302,506	292,597	263,575	192,800	194,500	196,302	79,300	199,820	126,145	120,500	120,100	134,109	137,238	132,000	122,000	134,900	149,900	127,400	127,000	23,000	86,800	66,000	64,600	45,300	38,200	6,200	6,200	5,000	13,000	6,500	8,000	7,500	600	3,000	3,000	4,000	300	4,000	11,400	0	0	1,200	0	0	0	0	0	0	0	0	-	-	-	-
Short Term Debt	45,786	53,330	50,078	52,030	64,565	89,726	69,914	58,902	60,460	72,396	49,406	50,301	49,160	45,719	40,671	39,418	48,728	50,345	31,155	39,695	40,000	86,805	47,929	55,210	48,845	45,815	25,224	35,269	36,000	35,785	20,357	29,554	35,828	38,460	28,252	34,576	39,801	47,994	37,913	43,617	43,676	59,106	50,954	38,633	39,257	52,367	28,902	35,227	36,868	44,462	35,875	42,998	39,139	43,922	37,487	41,748	47,563	46,229	37,271	42,330	50,495	104,666	75,259	122,965	88,924	107,407	70,858	89,261	99,379	108,236	100,386	82,866	121,939	115,632	101,720	86,379	110,232	94,959	83,361	71,693	71,840	0	0	0	0	199,820	126,145	0	0	134,109	137,238	132,000	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	-	-	-	-
Short Term Investments	97,169	114,370	120,085	123,978	125,889	128,039	132,867	143,609	286,771	235,564	242,013	204,006	226,885	153,161	146,190	130,792	131,305	135,076	135,809	136,514	137,641	138,645	142,303	145,604	146,470	149,160	129,198	136,937	140,000	148,037	147,227	155,243	170,232	185,519	205,226	227,795	221,117	222,835	205,258	361,465	336,589	297,010	304,681	239,440	223,273	235,331	227,244	226,147	13,058	277,819	239,348	225,729	114,483	239,257	0	0	50,502	0	13	0	882	375,060	362,165	378,727	1,486	299,105	297,114	72,591	2,463	245,297	233,396	229,053	5,001	201,817	202,202	222,229	1,855	0	0	0	223,615	0	0	0	6,207	0	0	0	11,042	0	0	0	31,934	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Assets	1,912,681	1,928,201	1,928,393	1,937,442	1,848,169	1,803,642	1,752,455	1,760,325	1,729,838	1,708,556	1,763,806	1,781,833	1,734,030	1,685,907	1,639,636	1,461,482	1,442,966	1,440,964	1,405,629	1,416,901	1,384,516	1,347,906	1,323,316	1,319,412	1,340,839	1,352,324	1,325,685	1,319,434	1,318,190	1,338,189	1,307,422	1,325,295	1,323,458	1,320,315	1,343,071	1,341,485	1,332,296	1,331,916	1,327,575	1,355,484	1,333,503	1,342,088	1,329,206	1,322,767	1,320,783	1,359,397	1,348,439	1,385,541	1,390,865	1,434,104	1,463,522	1,516,551	1,696,445	1,795,228	1,775,998	1,784,266	1,743,736	1,681,749	1,634,380	1,655,569	1,639,104	1,629,546	1,594,495	1,572,049	1,478,909	1,458,646	1,432,452	1,368,420	1,349,317	1,321,462	1,306,010	1,297,793	1,310,991	1,299,752	1,267,422	1,255,778	1,231,877	1,210,725	1,164,904	1,150,491	1,108,241	1,119,328	1,004,551	984,977	953,677	916,881	822,690	804,438	818,113	831,822	832,600	818,224	847,589	812,009	812,409	786,696	793,300	789,000	689,900	669,900	641,100	617,000	595,500	569,000	569,000	565,000	547,500	534,200	523,600	522,900	492,400	489,800	487,200	482,400	467,200	467,000	459,000	460,100	438,400	422,500	423,400	372,500	359,500	361,000	361,600	350,300	348,300	350,500	349,000	-	-	-
Total Current Assets	61,733	232,521	248,472	316,498	235,836	5,157	5,055	5,075	13,471	22,899	22,206	19,777	19,617	19,244	17,611	15,240	16,063	29,019	29,894	25,495	20,645	25,411	22,972	23,868	25,802	27,211	22,882	23,048	21,115	20,779	20,578	18,567	19,495	19,215	20,400	18,754	21,853	25,515	26,906	26,978	28,830	21,759	21,342	27,014	25,010	27,048	27,241	27,980	28,715	39,666	40,130	42,957	44,859	43,589	53,137	63,715	59,091	25,369	19,427	20,281	31,423	44,296	40,392	32,041	27,368	27,453	22,679	20,464	21,700	25,122	24,347	23,200	22,811	19,418	14,932	16,501	18,949	35,294	38,198	32,841	36,109	34,282	31,600	31,287	31,913	32,836	33,484	31,944	34,691	41,088	31,661	27,398	20,942	21,258	22,163	20,152	20,700	19,700	14,800	12,200	12,000	11,300	11,300	8,900	0	8,900	7,600	6,900	7,400	7,200	6,100	6,100	6,900	6,100	5,200	16,000	6,200	6,600	5,600	4,500	4,600	4,300	4,900	5,800	20,400	5,600	5,300	5,100	5,000	-	-	-
Total Current Liabilities	1,388,590	82,537	77,475	54,566	91,142	107,947	85,590	11,674	15,787	23,103	22,867	27,914	26,044	20,947	22,688	26,149	20,235	19,332	20,492	19,377	60,649	20,016	20,364	19,276	23,285	23,274	23,259	21,484	22,526	21,704	21,811	21,250	20,528	23,367	20,998	18,173	19,567	15,996	16,371	20,303	28,412	26,405	25,106	23,679	23,002	52,367	21,579	35,227	36,868	44,462	17,413	42,998	39,139	43,922	37,487	41,748	47,563	46,229	37,271	42,330	65,024	117,675	90,492	138,185	101,819	120,851	86,153	103,393	113,581	119,903	110,667	93,885	133,562	125,257	109,056	93,940	118,318	100,812	90,682	79,117	81,060	0	897,900	0	851,400	199,820	126,145	724,000	724,000	134,109	137,238	132,000	759,100	0	0	0	0	708,000	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	-	-	-	-
Total Liab	1,750,808	1,773,211	1,773,237	1,784,574	1,696,376	1,671,598	1,619,563	1,623,247	1,587,938	1,574,769	1,633,250	1,652,644	1,602,337	1,555,670	1,515,183	1,342,964	1,317,026	1,311,625	1,279,474	1,294,502	1,267,450	1,232,325	1,210,342	1,208,278	1,232,449	1,231,486	1,207,124	1,204,550	1,204,492	1,223,421	1,194,192	1,214,153	1,202,687	1,205,723	1,229,917	1,229,484	1,223,297	1,219,646	1,215,664	1,247,605	1,232,163	1,242,592	1,231,423	1,220,832	1,221,878	1,260,918	1,253,336	1,291,835	1,294,209	1,335,776	1,365,426	1,419,587	1,600,805	1,693,494	1,675,920	1,683,665	1,643,170	1,575,991	1,533,271	1,558,507	1,566,414	1,539,674	1,499,848	1,469,873	1,374,244	1,357,668	1,334,624	1,269,737	1,252,461	1,222,705	1,211,987	1,204,407	1,218,952	1,209,288	1,178,742	1,168,957	1,145,521	1,124,605	1,080,642	1,064,478	1,024,050	1,036,503	920,937	905,007	874,394	839,132	747,687	732,236	747,037	760,798	764,178	751,029	782,078	750,466	752,132	727,896	735,200	731,000	632,700	611,300	582,600	559,900	538,000	512,300	512,300	508,800	490,200	477,400	466,800	466,300	436,000	434,600	431,700	428,600	413,600	415,100	407,900	409,900	388,000	372,600	375,000	330,800	318,000	320,800	321,800	311,600	310,300	313,500	312,800	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Total Stockholder Equity	161,873	154,990	155,156	152,868	151,793	132,044	132,892	137,078	141,900	133,787	130,556	129,189	131,693	130,237	124,453	118,518	125,940	129,339	126,155	122,399	117,066	115,581	112,974	111,134	108,390	120,838	118,561	114,884	113,698	114,768	113,230	111,142	120,771	114,592	113,154	112,001	108,999	112,270	111,911	107,879	101,340	99,496	97,783	101,935	98,905	98,479	95,103	93,706	96,656	98,328	98,096	96,964	95,640	101,734	100,078	100,601	100,566	105,758	101,109	97,062	72,690	89,872	94,647	102,176	104,665	100,978	97,828	98,683	96,856	98,757	94,023	93,386	92,039	90,464	88,680	86,821	86,356	86,120	84,262	86,013	84,191	82,825	83,614	79,970	79,283	77,749	75,003	72,202	71,076	71,024	68,422	67,195	65,511	61,543	60,277	58,800	58,100	58,000	57,200	58,600	58,500	57,100	57,500	56,700	0	56,200	57,300	56,800	56,800	56,600	56,400	55,200	55,500	53,800	53,600	51,900	51,100	50,200	50,400	49,900	48,400	41,700	41,500	40,200	39,800	38,700	38,000	37,000	36,200	-	-	-
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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31
Begin Period Cash Flow	74,315	115,720	149,432	49,979	23,541	83,752	63,310	52,141	35,451	43,063	83,068	65,107	299,313	189,671	19,305	24,316	23,325	24,610	24,159	20,272	18,242	32,702	26,921	21,494	13,600	17,600	16,200	16,000	14,500	14,700	23,300	25,200	26,700
Capital Expenditures	353	3,576	1,127	1,604	3,973	9,483	6,561	3,924	1,371	720	941	1,280	236	3,862	3,314	2,551	4,135	5,287	5,542	9,288	4,200	3,384	2,293	2,617	2,200	1,400	1,400	1,000	1,400	2,200	2,100	500	600
Cash And Cash Equivalents Changes	0	-41,405	-33,712	0	26,438	-60,211	20,442	11,169	16,690	-7,612	-40,005	17,961	-234,206	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	-959	-2,923	0	-834	-745	-8,470	-5,966	3,669	6,468	946	1,068	11,013	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-24,562	-41,405	-33,712	99,453	26,438	-60,211	20,442	11,169	16,690	-7,612	-40,005	17,961	-234,206	109,642	170,366	-5,893	991	-1,285	451	3,887	2,030	-14,460	5,781	5,427	7,900	-17,600	-16,200	-16,000	-14,500	-14,700	-23,300	-25,200	-26,700
Change In Working Capital	227	-73	-1,364	-1,820	710	2,181	-4,324	-1,084	1,674	-6,073	5,773	743	15,633	4,142	-20,942	-5,653	-4,494	-2,960	-325	-4,684	-3,519	440	-13,722	258	-5,800	-2,600	-1,600	1,400	-1,300	-3,100	600	1,800	700
Change Receivables	0	648	-1,601	0	-190	-367	0	0	0	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	-4,932	648	-1,601	-6,830	-190	367	-7,848	-5,472	2,817	6,993	1,488	1,785	11,587	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	33,902	0	0	0	0	0	30,941	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	-721	237	0	900	1,814	3,524	4,388	-1,143	-13,066	4,285	-1,042	4,046	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-769	1,269	594	270	3,660	10,444	3,776	4,182	4,902	3,395	6,959	39,949	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	0	237	5,010	900	1,814	3,524	4,388	-1,143	-13,066	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	4,916	3,645	3,430	3,554	3,392	2,435	1,898	1,693	1,768	1,938	2,043	1,992	2,617	3,247	3,800	3,518	3,237	2,990	3,557	4,027	4,273	1,748	1,569	1,533	1,400	1,800	1,300	1,600	1,500	1,600	2,200	1,500	800
Dividends Paid	-5,217	3,986	3,891	3,646	3,125	1,911	1,215	2,025	2,700	9,096	0	0	0	1,925	6,079	4,774	4,796	4,662	4,544	4,384	4,262	4,136	4,011	3,896	3,800	3,800	3,600	4,200	3,000	2,100	2,900	2,000	2,300
End Period Cash Flow	49,753	74,315	115,720	149,432	49,979	23,541	83,752	63,310	52,141	35,451	43,063	83,068	65,107	299,313	189,671	18,423	24,316	23,325	24,610	24,159	20,272	18,242	32,702	26,921	21,500	13,600	17,600	16,200	16,000	14,500	14,700	23,300	25,200
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
Free Cash Flow	22,179	22,967	18,894	14,565	12,417	8,811	6,363	7,755	20,828	3,167	17,735	13,925	62,800	138,781	1,480	14,891	10,349	7,808	41,166	-1,112	6,189	9,336	-2,929	9,806	3,400	6,100	5,800	9,300	4,500	2,600	6,900	8,900	6,400
Investments	-77,618	-168,509	-33,279	-191,281	-33,451	-107,210	-5,116	12,150	19,411	-8,797	-68,516	68,501	9,166	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	273	217	215	198	170	119	0	0	0	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	6,866	-61,461	432	-28,979	8,862	2,037	-15,628	-39,042	-3,941	4,356	-21,920	-38,327	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	15,060	25,048	19,770	13,841	13,129	10,667	5,269	7,281	10,876	5,597	6,446	4,663	3,626	-10,197	-11,324	8,871	12,793	12,577	12,151	7,627	10,749	9,655	9,169	8,311	8,000	7,400	6,600	6,500	5,600	6,200	6,000	5,500	4,800
Other Cashflows From Financing Activities	101,950	108,225	55,547	280,767	45,525	56,999	38,006	15,607	13,498	45	4,938	-28,511	-276,133	1,089	118,469	205,691	184,356	48,469	69,858	174,950	25,164	127,248	-35,104	46,335	171,400	67,700	42,500	32,300	24,300	34,600	3,100	7,800	-3,700
Other Cashflows From Investing Activities	0	-319	5,981	675	4,902	2,981	4,021	3,482	721	7,135	5,901	8,355	6,017	3,146	2,223	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	2,691	-3,204	-2,837	-278	-2,062	1,424	632	1,480	3,835	1,655	3,038	7,334	42,620	147,220	42,316	13,704	2,948	488	31,325	1,206	-1,114	877	2,348	2,321	2,000	900	900	800	100	100	200	600	700
Sale Purchase Of Stock	-1,496	217	-7,179	-2,754	170	119	-20,000	-10,000	1	0	0	0	0	0	0	-362	-476	-502	0	0	-125	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	527	532	472	345	268	249	192	192	191	134	88	73	78	70	-16	149	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	34,677	104,456	-25,308	274,565	42,570	35,207	15,174	-12,218	-24,270	-9,117	4,875	-72,820	-312,189	-40,265	95,895	184,869	118,181	26,764	65,807	118,317	13,865	123,112	-39,115	42,439	144,600	63,900	38,900	28,100	21,300	32,500	200	5,800	-6,000
Total Cash From Operating Activities	22,532	26,543	20,021	16,169	16,390	18,294	12,924	11,679	22,199	3,887	18,676	15,205	63,036	142,643	4,794	17,442	14,484	13,095	46,708	8,176	10,389	12,720	-636	12,423	5,600	7,500	7,200	10,300	5,900	4,800	9,000	9,400	7,000
Total Cashflows From Investing Activities	0	-172,404	-28,425	-191,281	-32,522	-113,712	-7,656	11,708	18,761	-2,382	-63,556	75,576	14,947	7,264	69,677	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	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31
Begin Period Cash Flow	80,652	88,551	155,895	74,315	30,756	21,651	76,116	115,720	134,938	194,422	193,017	149,432	155,606	117,090	72,008	49,979	84,169	38,989	54,004	23,541	23,557	25,391	21,226	83,752	85,034	72,962	62,838	63,310	66,084	22,685	53,261	52,141	64,789	57,904	45,225	35,451	51,140	62,059	43,808	43,063	71,535	42,069	84,828	83,068	88,488	66,939	98,125	65,107	84,896	133,449	153,363	299,313	362,251	316,232	248,874	189,671	99,671	48,632	63,231	19,305	20,368	19,996	22,943	24,316	21,719	23,731	16,251	23,325	22,427	22,633	20,812	24,610	25,336	25,529	25,661	24,159	15,831	19,922	16,402	20,272	25,493	26,530	21,114	18,242	16,218	20,580	31,799	33,869	15,976	22,029	20,768	26,921	21,019	22,254	17,212	21,494	37,400	18,500	0	13,600	0	0	0	17,600	0	0	0	16,200	6,500	1,700	16,000	16,000	0	4,100	0	14,500	700	2,700	0	14,700	1,400	0	0	20,400	0	0	0	25,200
Capital Expenditures	7	62	172	112	773	547	2,130	126	301	85	506	235	282	68	471	783	1,143	1,017	1,296	517	1,722	2,348	3,193	2,220	2,052	1,791	1,262	1,456	253	1,676	1,345	650	672	340	194	165	150	166	173	231	77	137	444	283	279	360	417	224	74	22	75	65	1,695	977	1,030	160	29	615	1,826	844	640	487	652	772	903	776	918	1,538	3,132	2,017	138	348	3,734	28	1,680	100	3,171	1,093	3,884	1,140	1,279	1,139	655	1,127	1,343	946	543	552	726	394	733	440	990	641	344	642	0	1,400	400	600	0	300	600	500	500	200	300	400	600	200	100	100	0	400	600	400	700	700	500	300	500	400	700	500	0	100	300	200
Cash And Cash Equivalents Changes	0	0	-67,344	81,580	43,559	9,105	-54,465	-39,604	-19,218	-59,484	1,405	43,585	0	0	45,082	22,029	-34,190	45,180	-15,015	30,463	-16	-1,834	4,165	-62,526	-1,282	12,072	10,124	-472	-2,774	43,399	-30,576	1,120	-12,648	6,885	12,679	9,774	-15,689	-10,919	18,251	745	-28,472	29,466	-42,759	1,760	-5,420	21,549	-31,186	33,018	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	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-754	329	-279	-230	-243	-207	-420	-875	-1,220	-408	0	0	-846	-273	6,388	-1,762	-3,618	-1,842	3,002	-1,783	-1,045	-919	-1,375	-4,325	-591	-2,179	-5,855	461	-1,612	1,040	1,439	1,009	-1,792	3,013	4,602	99	32	1,735	-2,753	144	4,556	-1,001	-147	26	623	566	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-30,899	-7,899	-67,344	81,580	43,559	9,105	-54,465	-39,604	-19,218	-59,484	1,405	43,585	-6,174	38,516	45,082	22,029	-34,190	45,180	-15,015	30,463	-16	-1,834	4,165	-62,526	-1,282	12,072	10,124	-472	-2,774	43,399	-30,576	1,120	-12,648	6,885	12,679	9,774	-15,689	-10,919	18,251	745	-28,472	29,466	-42,759	1,760	-5,420	21,549	-31,186	33,018	-19,789	-48,553	-19,914	-145,950	-62,938	46,019	67,358	59,203	90,000	51,039	-14,599	43,926	-1,945	372	-2,947	-1,373	2,597	-2,012	7,480	-7,074	898	-206	1,821	-3,798	-726	-193	-132	1,502	8,328	-4,091	3,520	-3,870	-5,221	-1,037	5,416	2,872	2,024	-4,362	-11,219	-2,070	16,726	-6,053	1,261	-6,153	5,902	-1,235	5,042	-4,282	-15,900	18,900	18,500	-13,600	-1,400	-1,800	-6,600	-1,000	0	-2,400	-300	-16,200	-7,900	6,500	1,700	-16,000	1,900	-5,900	4,100	-14,500	-2,400	700	2,700	-14,700	-1,000	1,400	-9,100	-20,400	9,900	-4,100	-5,500	-25,200
Change In Working Capital	-530	4,330	-2,533	-758	-8,528	3,628	7,865	-3,038	2,600	-792	-5,930	2,758	900	-917	-689	-1,114	6,785	-129	-2,938	-3,008	4,332	-2,681	362	168	1,826	-4,166	780	-2,764	-713	308	-1,680	1,001	-827	913	-19	1,607	-2,617	-87	3,278	-6,647	-805	1,256	5,768	-446	1,845	-819	3,608	-3,891	11,036	223	3,429	945	-1,835	-3,788	11,673	-1,908	-19,335	-4,415	1,234	1,574	-2,028	-2,082	-1,948	405	1,590	-6,562	-112	590	-161	533	-2,360	-972	-1,395	-1,916	1,064	1,922	-976	-928	-4,007	1,227	1,810	-11,181	3,504	2,348	-794	-680	-266	2,180	1,123	-8,453	846	-7,238	305	1,066	-1,875	762	-800	-2,300	-3,800	1,100	-1,200	400	-1,200	200	0	-300	-1,100	-400	-600	1,500	-3,200	3,700	-100	-900	600	-900	-4,200	1,000	500	-400	1,500	1,000	-2,900	1,000	3,400	-600	-500	-500
Change Receivables	0	0	-4,801	542	1,299	-1,951	1,195	105	37	-1,136	-1,449	947	0	0	3,375	-6,956	-190	0	0	0	-367	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,178	2,505	-4,801	542	1,299	-1,951	1,195	105	37	-1,136	-1,449	947	-4,206	957	3,375	-6,956	6,462	-1,514	-3,314	-1,824	3,618	-1,578	-874	-799	-1,000	-4,222	-693	-1,933	-5,390	396	-1,640	1,162	179	1,185	-1,646	3,099	4,764	244	175	1,810	-2,640	308	4,630	-810	28	204	0	6,704	6,704	238	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,481	1,483	-1	-1	0	0	0	193	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	33,902	33,902	33,902	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	30,941	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	2,268	-1,300	-9,827	5,579	6,670	-3,143	2,563	344	-4,481	1,811	0	0	-4,064	5,842	1,591	-25	450	-1,116	714	-1,103	1,236	967	2,826	56	1,473	-831	4,677	-88	-40	-161	-1,006	-272	1,627	-1,492	-7,381	-331	3,103	-8,457	1,835	948	1,138	364	363	431	1,240	-3,076	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	2,480	-1,372	8,992	-2,950	-6,544	-267	-961	273	-557	1,294	2,036	21	-2,689	2,488	-1,171	706	553	182	3,441	947	-851	123	7,775	903	1,058	708	2,535	398	-107	950	3,500	-23	1,972	-1,267	3,240	699	578	385	1,689	1,597	-211	320	1,579	160	761	4,459	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	2,268	2,268	2,268	5,579	6,670	-3,143	2,563	344	-4,481	1,811	5,106	-1,874	-4,140	5,767	1,804	-98	377	-1,183	714	-1,103	1,236	967	3,524	56	1,473	27	4,388	0	0	0	-1,143	0	0	0	-13,066	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,891	996	1,011	1,018	753	970	964	958	977	821	900	732	875	911	884	884	868	859	844	821	687	631	569	548	501	476	462	459	447	403	417	426	461	435	434	438	467	477	489	505	502	515	517	509	496	491	490	515	615	632	663	707	726	824	839	858	887	1,142	885	886	1,388	624	641	865	837	870	782	748	630	692	920	748	1,438	277	1,079	763	345	1,539	1,093	1,050	4,197	60	53	-37	828	206	360	354	371	382	370	446	368	392	70	703	-600	1,100	600	300	500	500	400	400	400	300	200	400	300	400	500	400	300	400	400	400	400	300	400	500	700	500	500	500	1,100	100	0	300
Dividends Paid	-1,339	1,342	1,337	1,199	999	999	995	993	993	992	996	910	907	909	905	925	926	920	640	639	639	637	639	635	225	225	225	540	450	450	450	675	675	675	675	675	676	675	7,745	0	0	0	0	0	0	0	0	0	0	0	0	63	63	436	437	989	1,601	1,598	1,659	1,221	1,104	1,220	1,224	1,226	1,200	1,199	1,198	1,199	1,171	1,164	1,164	1,163	1,162	1,122	1,131	1,129	1,096	1,096	1,096	1,096	1,066	1,081	1,050	1,065	1,031	1,036	1,029	1,040	996	1,005	1,005	1,005	973	975	987	961	1,000	400	1,500	900	0	1,900	900	900	900	1,800	400	500	800	1,700	0	1,700	0	1,500	0	1,500	0	1,500	0	0	700	1,100	0	1,100	500	500	500	500
End Period Cash Flow	49,753	80,652	88,551	155,895	74,315	30,756	21,651	76,116	115,720	134,938	194,422	193,017	149,432	155,606	117,090	72,008	49,979	84,169	38,989	54,004	23,541	23,557	25,391	21,226	83,752	85,034	72,962	62,838	63,310	66,084	22,685	53,261	52,141	64,789	57,904	45,225	35,451	51,140	62,059	43,808	43,063	71,535	42,069	84,828	83,068	88,488	66,939	98,125	65,107	84,896	133,449	153,363	299,313	362,251	316,232	248,874	189,671	99,671	48,632	63,231	18,423	20,368	19,996	22,943	24,316	21,719	23,731	16,251	23,325	22,427	22,633	20,812	24,610	25,336	25,529	25,661	24,159	15,831	19,922	16,402	20,272	25,493	26,530	21,114	18,242	16,218	20,580	31,799	32,702	15,976	22,029	20,768	26,921	21,019	22,254	17,212	21,500	37,400	18,500	0	-1,400	-1,800	-6,600	-1,000	17,600	-2,400	-300	0	-7,900	6,500	1,700	16,000	1,900	-5,900	4,100	0	-2,400	700	2,700	0	-1,000	1,400	-9,100	0	9,900	-4,100	-5,500	0
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,873	8,658	4,364	3,398	7,045	7,719	5,254	2,949	9,283	3,730	-1,777	7,658	8,085	4,907	-1,313	2,886	9,155	3,184	-402	480	8,967	-893	-268	1,005	6,902	-2,669	3,449	-1,319	3,479	1,783	-999	3,492	12,440	2,975	3,376	2,037	314	2,225	5,299	-4,671	2,673	5,136	7,700	2,226	5,199	4,014	4,762	-50	14,388	3,655	41,857	2,900	322	1,429	132,040	4,990	-16,115	5,887	4,567	7,141	3,454	3,702	3,414	4,321	6,236	-2,933	3,702	3,344	1,207	2,478	1,912	2,001	30,662	1,460	3,859	5,185	-2,059	1,816	-4,089	3,220	6,063	-9,733	6,097	3,762	716	1,168	2,486	4,966	3,951	-5,438	3,290	-4,732	2,377	3,311	687	3,431	1,300	0	-1,200	3,100	1,600	2,600	700	2,300	2,300	1,900	500	1,100	1,000	3,700	-1,200	5,800	1,900	700	1,400	500	-3,100	2,100	2,100	1,500	3,800	2,300	-1,600	2,400	5,500	1,300	1,000	1,000
Investments	-1,860	-13,698	-57,200	-8,839	3,360	-44,244	-46,596	-81,029	27,640	-26,497	25,051	-13,739	-55,337	-7,903	-128,616	1,625	-47,462	7,312	2,048	4,651	-43,043	-49,020	2,889	-18,036	-458	-11,316	5,723	935	13,599	11,713	-9,771	-3,391	-24,561	26,614	17,039	319	-16,875	-17,748	45,544	-19,718	-19,840	12,555	-60,723	-508	26,772	9,472	3,896	28,361	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	75	80	74	64	55	53	54	55	112	57	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	-1,952	67,465	-25,161	19,812	11,012	1,203	-14,697	-47,010	-2,048	2,294	-3,429	16,588	-3,417	-9,310	-1,617	19,190	-8,540	-38,012	-9,098	38,876	-22,281	1,365	3,030	20,591	-10,045	-11,539	-14,795	15,419	-9,960	-6,292	-2,650	-19,809	-6,341	-10,242	-8,210	10,064	-5,720	-75	-15,446	8,136	12,305	-639	-13,125	-300	-6,589	-1,906	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,758	4,513	4,414	4,375	6,969	6,936	5,428	5,715	7,549	4,388	4,403	3,430	4,556	4,960	2,570	1,755	2,883	4,493	2,602	3,151	2,382	2,763	3,016	2,506	-1,032	2,012	2,309	1,980	1,421	2,285	1,704	1,871	6,385	1,948	1,175	1,368	1,659	1,340	1,240	1,358	846	1,836	1,842	1,922	2,804	2,875	1,649	-2,665	850	686	1,133	957	-4,492	322	-916	-5,111	-9,266	-5,586	1,149	2,379	-243	1,865	4,114	3,135	3,972	3,555	3,205	2,061	3,463	3,265	3,044	2,805	4,217	3,044	2,135	2,755	1,823	1,095	1,997	2,712	2,796	2,182	3,319	2,452	2,415	2,543	2,369	2,328	2,264	2,604	2,284	2,017	2,403	2,101	1,806	2,001	2,200	2,000	2,000	1,800	2,100	1,900	1,700	1,900	1,900	1,600	1,700	1,400	1,500	1,800	1,600	1,600	1,600	1,600	1,000	1,400	1,500	1,500	1,600	1,600	2,200	1,300	1,100	1,400	1,500	1,300	1,400	1,300
Other Cashflows From Financing Activities	-24,092	-1,659	-13,278	88,017	34,454	86,200	-12,189	39,384	10,183	-58,627	-14,200	48,191	51,626	42,304	179,174	30,363	3,627	32,896	-16,071	25,073	53,854	22,331	15,976	-15,162	11,918	24,347	786	11,763	-4,741	29,345	-19,759	10,762	-179	3,454	-2,374	12,598	97	4,374	-35,738	23,567	-12,420	9,886	9,180	-1,708	-39,619	22,552	-31,924	20,480	-46,030	-27,023	-26,873	-170,207	-84,783	12,707	16,576	56,607	74,224	35,276	-21,657	30,626	25,475	42,137	44,841	93,238	16,956	52,604	95,604	19,192	40,583	11,219	8,448	-13,824	7,754	30,151	11,887	40,841	42,039	70,902	18,026	43,983	-797	-7,748	12,100	46,972	34,531	92,774	14,176	-14,233	-8,516	-3,856	7,561	-30,293	31,594	-1,827	24,106	-7,538	3,900	95,600	22,100	26,800	22,700	20,600	11,800	2,800	-5,700	16,500	12,400	10,800	100	27,400	4,700	100	3,300	14,000	-500	7,500	23,500	-2,500	15,100	-2,100	-7,300	12,500	900	-3,000	7,900	1,500	-2,800	1,200
Other Cashflows From Investing Activities	0	0	33	139	-356	-1	7	30	-65,443	22,845	-4	2,339	814	728	112	92	1,362	2,670	11	859	166	1,178	1,167	470	1,547	1,935	391	148	349	1,017	1,166	950	345	4,534	-4,670	512	1,468	922	3,162	1,583	1,131	1,905	1,100	1,765	2,243	1,310	310	4,492	6,017	3,561	2,189	532	3,146	2,937	1,137	362	2,223	1,148	783	264	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Non Cash Items	3,449	4	-626	-247	-1,410	-821	132	-1,105	-2,167	-619	-1,183	1,132	1,385	-30	-4,222	2,045	-1,259	-1,102	-527	-33	2,107	-292	-853	462	5	458	80	89	730	79	802	-131	3,568	-137	-35	439	276	628	262	489	896	1,644	-6	504	-88	1,806	-586	7,671	2,094	2,162	36,727	1,637	8,279	4,578	121,415	12,948	15,862	15,361	3,190	3,146	7,975	3,782	1,259	688	740	-20	745	1,483	407	5	308	-232	30,136	83	1,261	-155	-80	1,203	712	-629	-1,461	345	-124	126	-390	45	566	656	919	423	523	483	291	393	1,030	607	500	600	400	500	200	100	400	300	400	500	0	100	400	200	0	200	100	0	0	-100	-100	0	100	100	-100	-100	400	0	-500	600	400	100
Sale Purchase Of Stock	-1,475	-21	74	64	55	-19,812	54	55	7,179	57	-7,179	2,754	2,754	0	47	-2,754	54	38	39	39	40	39	40	-10,000	-10,000	9,349	-13	-10,000	10,000	0	0	-10,000	1	1	1	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,344	0	0	0	17,390	0	0	-362	0	0	-115	-476	0	0	-117	-502	0	0	0	20,762	0	0	0	0	0	0	0	-125	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	104	69	298	56	117	79	340	-4	27	43	352	50	124	52	71	98	68	66	67	67	66	67	63	53	54	53	48	37	48	48	48	48	47	47	48	49	39	39	33	23	22	23	24	19	21	21	18	13	13	13	20	32	0	0	37	33	4,806	0	-65	49	149	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-34,743	-2,921	-14,541	86,882	33,510	45,630	-13,130	38,446	9,302	-59,562	-22,375	47,327	40,796	41,444	174,899	17,426	2,755	32,014	-16,672	24,473	33,894	21,733	377	-20,797	-9,273	24,122	561	-236	-20,201	28,886	-20,972	69	-872	-27,238	-3,066	6,906	-596	3,682	-35,754	23,551	-12,436	9,870	9,164	-1,723	-39,634	6,753	-40,154	215	-46,294	-30,023	-55,401	-180,471	-89,874	18,454	-8,385	39,540	60,816	42,494	-28,517	21,102	24,109	40,655	28,355	91,750	15,495	23,810	62,644	16,232	26,173	8,294	7,284	-14,987	6,592	27,268	8,996	22,951	17,684	44,335	15,171	41,127	-16,304	-8,829	11,050	27,948	33,500	91,738	13,147	-15,273	-9,512	-4,861	6,556	-31,298	30,621	-2,802	23,119	-8,499	2,900	95,200	20,600	25,900	22,700	18,700	10,900	1,900	1,900	14,700	12,000	10,300	-700	25,700	4,700	-1,600	3,300	12,500	-500	6,000	23,500	-4,000	15,100	-2,100	-8,000	11,400	900	-4,100	7,400	1,000	-3,300	700
Total Cash From Operating Activities	5,880	8,720	4,536	3,510	7,818	8,266	7,384	3,075	9,584	3,815	-1,271	7,893	8,367	4,975	-842	3,669	10,298	4,201	894	997	10,689	1,455	2,925	3,225	8,954	-878	4,711	137	3,732	3,459	346	4,142	13,112	3,315	3,570	2,202	464	2,391	5,472	-4,440	2,750	5,273	8,144	2,509	5,478	4,374	5,179	174	14,462	3,677	41,932	2,965	2,017	2,406	133,070	5,150	-16,086	6,502	6,393	7,985	4,094	4,189	4,066	5,093	7,139	-2,157	4,620	4,882	4,339	4,495	1,912	2,349	34,396	1,488	5,539	5,285	1,112	2,909	-205	4,360	7,342	-8,594	6,752	4,889	2,059	2,114	3,029	5,518	4,677	-5,044	4,023	-4,292	3,367	3,952	1,031	4,073	1,300	1,400	-800	3,700	1,600	2,900	1,300	2,800	2,800	2,100	800	1,500	1,600	3,900	-1,100	5,900	1,900	1,100	2,000	900	-2,400	2,800	2,600	1,800	4,300	2,700	-900	2,900	5,500	1,400	1,300	1,200
Total Cashflows From Investing Activities	0	0	-57,339	-8,812	2,231	-44,791	-48,719	-81,125	-38,104	-3,737	25,051	-11,635	-55,337	-7,903	-128,975	934	-47,243	8,965	763	4,993	-44,599	-25,022	863	-44,954	-963	-11,172	4,852	-373	13,695	11,054	-9,950	-3,091	-24,888	30,808	12,175	666	-15,557	-16,992	48,533	-18,366	-18,786	14,323	-60,067	974	28,736	10,422	3,789	32,629	14,947	2,904	25,111	31,556	7,264	0	0	14,513	69,677	24,407	22,364	14,839	0	0	0	0	0	0	0	0	0	0	1,465	8,839	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31
Cost Of Revenue	38,573	33,837	32,692	32,699	35,008	33,315	30,018	28,793	30,748	29,424	29,573	27,006	28,477	27,481	47,692	55,968	51,643	40,500	30,491	26,550	24,434	27,208	36,305	37,237	0	0	0	0	0	0	0	0	0
Depreciation And Amortization	4,916	3,645	3,430	3,554	3,392	2,435	1,898	1,693	1,768	1,938	2,043	1,992	2,617	3,247	3,800	3,518	3,237	2,990	3,557	4,027	4,273	1,748	1,569	1,533	1,400	1,800	1,300	1,600	1,500	1,600	2,200	1,500	800
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
Ebit	9,553	34,325	26,309	18,355	16,487	21,543	19,585	18,287	25,350	17,738	20,400	19,541	24,197	10,950	12,284	55,487	67,870	57,655	48,112	35,150	38,916	39,052	46,236	47,112	39,200	33,300	28,900	26,000	23,100	20,500	20,600	20,800	24,500
Ebitda	14,469	37,970	29,739	21,909	19,879	23,978	21,483	19,980	27,118	19,676	22,443	21,533	26,814	14,197	16,084	59,005	71,107	60,645	51,669	39,177	43,189	40,800	47,805	48,645	40,600	35,100	30,200	27,600	24,600	22,100	22,800	22,300	25,300
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	-3,226	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	56,482	41,846	40,968	34,424	28,166	26,109	23,845	23,509	15,795	20,269	21,400	26,990	25,548	22,916	69,254	65,942	59,326	54,975	54,431	49,637	45,969	40,896	39,165	36,266	34,900	31,600	30,400	27,800	26,900	25,600	24,600	20,200	18,800
Income Before Tax	19,476	33,181	26,309	18,355	16,465	13,431	12,214	10,064	15,943	6,868	8,668	5,576	2,991	-18,214	-19,820	12,444	18,539	18,320	18,699	11,134	15,315	13,350	12,858	12,073	12,100	11,400	9,900	9,600	8,400	9,200	9,200	8,000	6,900
Income Tax Expense	4,416	8,133	6,539	4,098	3,358	2,764	6,945	2,783	5,067	1,271	2,222	913	-635	-8,017	-8,496	3,573	5,746	5,743	6,548	3,507	4,566	3,695	3,689	3,762	4,100	4,000	3,300	3,100	2,800	3,000	3,200	2,500	2,100
Interest Expense	4,941	4,789	5,714	9,655	11,529	8,112	7,371	8,223	9,407	10,870	11,732	13,965	21,206	29,164	32,104	43,043	49,331	39,335	29,413	24,016	23,601	25,702	33,378	35,039	27,100	21,900	19,000	16,400	14,700	11,300	11,400	12,800	17,600
Interest Income	76,324	62,422	58,256	58,201	57,920	52,294	46,949	45,863	45,032	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	15,060	25,048	19,770	13,841	13,129	10,667	5,269	7,281	10,876	5,597	6,446	4,663	3,626	-10,197	-11,324	8,871	12,793	12,577	12,151	7,627	10,749	9,655	9,169	8,311	8,000	7,400	6,600	6,500	5,600	6,200	6,000	5,500	4,800
Net Income Applicable To Common Shares	0	25,048	19,770	13,841	13,129	10,667	4,054	5,256	10,291	2,996	4,668	2,972	2,017	0	0	8,871	12,793	12,577	12,151	7,627	10,749	9,655	9,169	8,311	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	20,271	25,048	19,770	14,257	13,129	10,667	5,269	7,281	12,991	5,597	6,446	4,663	3,626	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	57,856	57,633	52,542	48,546	46,391	44,182	39,578	37,640	35,625	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
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
Operating Income	81,358	34,325	26,309	18,355	16,487	21,543	14,288	14,653	22,487	14,119	13,271	15,338	-19	-8,364	-10,677	13,769	15,092	14,041	14,088	35,150	11,867	39,052	46,236	47,112	39,200	33,300	28,900	26,000	23,100	20,500	20,600	20,800	24,500
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	75,550	34,380	-47,351	-48,768	46,687	26,180	7,809	8,173	14,975	5,596	5,958	9,226	6,849	17,476	25,428	21,531	20,628	19,084	18,428	16,907	15,995	13,922	12,500	11,359	10,400	9,500	9,200	8,900	9,100	8,800	7,600	6,000	5,700
Preferred Stock And Other Adjustments	0	0	0	0	0	0	1,215	2,025	2,700	2,601	1,778	1,691	1,609	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	3,778	3,645	3,430	3,554	3,392	2,435	1,898	0	0	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
Selling And Marketing Expenses	762	543	535	573	418	530	0	0	0	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	29,604	25,248	25,938	22,554	25,902	25,650	23,688	22,150	23,415	22,016	21,821	21,466	25,331	23,944	25,428	21,531	20,628	19,084	18,428	16,907	15,995	13,922	12,500	11,359	10,400	9,500	9,200	8,900	9,100	8,800	7,600	6,000	5,700
Tax Provision	5,946	8,133	6,539	4,098	3,336	2,764	6,945	2,783	6,473	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	14,340	543	-47,351	-48,768	-46,687	26,180	23,688	22,150	23,415	22,016	21,821	21,466	25,331	23,944	25,428	21,531	20,628	19,084	18,428	16,907	15,995	13,922	12,500	11,359	10,400	9,500	9,200	8,900	9,100	8,800	7,600	6,000	5,700
Total Other Income Expense Net	19,476	-1,144	5,595	-789	-22	13,431	12,214	10,064	15,943	6,868	8,668	5,576	2,991	-18,214	-19,820	12,444	18,539	18,320	18,699	11,134	15,315	13,350	12,858	12,073	12,100	11,400	9,900	9,600	8,400	9,200	9,200	8,000	6,900
Total Revenue	95,055	75,683	73,660	67,123	63,174	59,424	53,863	52,302	46,543	49,693	50,973	53,996	54,025	50,397	69,254	65,942	59,326	54,975	54,431	49,637	45,969	40,896	39,165	36,266	34,900	31,600	30,400	27,800	26,900	25,600	24,600	20,200	18,800

	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	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31
Cost Of Revenue	0	9,535	9,452	9,948	0	8,089	8,546	8,519	798	8,476	8,900	7,685	1	8,067	8,204	8,687	1	8,918	9,265	8,533	0	8,415	8,062	7,961	2,570	7,384	7,041	7,028	2,961	7,087	6,769	6,969	2,562	6,865	7,572	6,868	3,520	6,641	7,447	6,452	3,449	9,193	6,125	6,190	3,251	6,147	6,397	6,281	7,635	6,475	6,473	6,685	11,921	6,889	6,862	7,162	12,465	7,787	8,155	7,950	16,366	7,546	7,377	7,690	14,002	6,977	6,945	6,628	11,476	6,199	9,382	1,622	8,115	6,280	7,840	1,551	7,218	7,199	6,595	5,538	5,823	6,276	5,533	6,802	6,894	6,460	6,806	7,048	8,310	8,895	9,202	9,898	9,630	9,521	9,408	8,678	0	0	0	0	0	0	0	0	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 And Amortization	1,891	996	1,011	1,018	753	970	964	958	977	821	900	732	875	911	884	884	868	859	844	821	687	631	569	548	501	476	462	459	447	403	417	426	461	435	434	438	467	477	489	505	502	515	517	509	496	491	490	515	615	632	663	707	726	824	839	858	887	1,142	885	886	1,388	624	641	865	837	870	782	748	630	692	920	748	1,438	277	1,079	763	345	1,539	1,093	1,050	4,197	60	53	-37	828	206	360	354	371	382	370	446	368	392	70	703	-600	1,100	600	300	500	500	400	400	400	300	200	400	300	400	500	400	300	400	400	400	400	300	400	500	700	500	500	500	1,100	100	0	300	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	4,838	4,826	8,023	10,242	10,657	7,896	7,616	10,041	5,800	5,939	4,529	6,441	6,356	3,281	2,277	3,614	5,431	3,392	4,028	2,919	3,502	3,856	3,154	3,357	2,823	3,261	2,773	1,967	3,232	2,317	2,548	10,101	2,542	1,473	1,827	1,955	1,563	1,578	1,772	1,215	2,514	2,449	2,490	3,589	2,831	1,782	-2,626	587	765	582	1,057	-6,276	-1,845	-1,367	-8,726	-15,066	-9,642	1,507	3,381	-1,147	2,786	6,177	4,628	5,922	4,888	4,709	3,020	4,930	4,653	4,525	4,212	6,325	4,735	3,355	4,283	2,329	1,668	3,029	4,108	4,218	3,052	4,646	3,399	3,332	3,564	3,305	3,150	3,083	3,546	3,280	2,949	3,376	3,117	2,603	2,977	3,300	3,100	2,900	2,700	3,300	2,900	2,600	2,900	2,900	2,400	2,500	2,100	2,100	2,600	2,400	2,400	2,400	2,500	1,500	2,100	2,300	2,200	2,400	2,300	3,500	2,000	1,800	2,100	2,200	1,900	2,000	1,900	-	-	-	-
Ebitda	1,891	5,834	5,837	9,041	10,995	11,627	8,860	8,574	11,018	6,621	6,839	5,261	7,316	7,267	4,165	3,161	4,482	6,290	4,236	4,849	3,606	4,133	4,425	3,702	3,858	3,299	3,723	3,232	2,414	3,635	2,734	2,974	10,562	2,977	1,907	2,265	2,422	2,040	2,067	2,277	1,717	3,029	2,966	2,999	4,085	3,322	2,272	-2,111	1,202	1,397	1,245	1,764	-5,550	-1,021	-528	-7,868	-14,179	-8,500	2,392	4,267	241	3,410	6,818	5,493	6,759	5,758	5,491	3,768	5,560	5,345	5,445	4,960	7,763	5,012	4,434	5,046	2,674	3,207	4,122	5,158	8,415	3,112	4,699	3,362	4,160	3,770	3,665	3,504	3,454	3,928	3,650	3,395	3,744	3,509	2,673	3,680	2,700	4,200	3,500	3,000	3,800	3,400	3,000	3,300	0	2,700	2,700	2,500	2,400	3,000	2,900	2,800	2,700	2,900	1,900	2,500	2,700	2,500	2,800	2,800	4,200	2,500	2,300	2,600	3,300	2,000	2,000	2,200	1,200	1,200	1,200	1,200
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Gross Profit	23,199	9,302	9,291	8,963	19,671	-7,961	-8,394	17,775	20,338	18,230	17,526	17,566	17,256	17,189	16,875	15,936	15,977	16,667	15,467	15,067	15,320	15,062	14,750	14,292	13,869	13,747	13,420	12,827	12,799	13,293	13,195	13,015	9,711	12,752	12,141	11,939	12,445	12,150	13,199	11,899	11,419	14,403	12,274	12,989	12,848	12,807	13,080	15,261	14,509	12,250	13,933	13,333	9,840	12,607	14,230	13,585	28,135	16,524	15,928	17,166	14,800	16,979	17,794	16,369	16,684	15,304	14,912	12,426	14,014	13,690	13,618	13,653	15,010	13,878	12,872	12,671	13,473	11,614	12,001	12,549	12,273	11,401	11,130	11,165	10,123	10,504	10,122	10,149	10,190	10,165	9,588	9,222	9,338	8,994	9,026	8,908	9,200	9,000	8,600	8,100	8,200	7,900	7,800	7,700	0	7,700	7,900	7,200	7,100	7,100	6,900	6,700	7,100	6,800	6,600	6,300	6,500	6,400	6,400	6,300	8,800	5,400	5,100	5,300	5,500	5,000	4,900	4,800	-	-	-	-
Income Before Tax	2,075	5,834	5,837	5,730	8,816	9,613	7,136	7,616	10,041	5,800	5,939	4,529	6,441	6,356	3,281	2,277	3,614	5,431	3,392	4,028	2,919	3,502	3,856	3,154	3,357	2,823	3,261	2,773	1,967	3,232	2,317	2,548	10,101	2,542	1,473	1,827	1,955	1,563	1,578	1,772	1,215	2,514	2,449	2,490	3,589	2,831	1,782	-2,626	587	765	582	1,057	-6,276	-1,845	-1,367	-8,726	-15,066	-9,642	1,507	3,381	-1,147	2,786	6,177	4,628	5,922	4,888	4,709	3,020	4,930	4,653	4,525	4,212	6,325	4,735	3,355	4,283	2,329	1,668	3,029	4,108	4,218	3,052	4,646	3,399	3,332	3,564	3,305	3,150	3,083	3,546	3,280	2,949	3,376	3,117	2,603	2,977	3,300	3,100	2,900	2,700	3,300	2,900	2,600	2,900	2,900	2,400	2,500	2,100	2,100	2,600	2,400	2,400	2,400	2,500	1,500	2,100	2,300	2,200	2,400	2,300	3,500	2,000	1,800	2,100	2,200	1,900	2,000	1,900	1,200	1,200	1,200	1,200
Income Tax Expense	317	1,321	1,423	1,355	1,847	2,677	1,708	1,901	2,492	1,412	1,536	1,099	1,469	1,396	711	522	731	938	790	877	537	739	840	648	4,389	811	952	793	546	947	613	677	3,716	594	298	459	296	223	338	414	369	678	607	568	785	-44	133	39	-263	79	-551	100	-1,784	-2,167	-451	-3,615	-5,800	-4,056	358	1,002	-904	921	2,063	1,493	1,950	1,333	1,504	959	1,467	1,388	1,481	1,407	2,108	1,691	1,219	1,529	506	573	1,032	1,396	1,422	872	1,325	947	917	1,021	935	822	819	942	996	932	973	1,016	797	976	1,100	1,100	1,000	900	1,200	1,000	900	1,000	1,000	800	800	700	600	800	800	800	800	900	500	700	800	700	800	700	1,300	700	600	700	700	600	600	600	-1,200	-1,200	-1,200	-1,200
Interest Expense	1,500	7,180	5,798	3,311	2,179	1,044	760	806	930	1,285	1,673	1,826	2,127	2,351	2,448	2,729	2,915	3,004	2,884	2,726	2,468	2,008	1,856	1,780	1,845	1,806	1,762	1,958	2,047	2,069	2,078	2,029	2,134	2,251	2,493	2,529	2,636	2,672	2,727	2,835	2,908	2,933	2,936	2,955	3,137	3,340	3,603	3,885	4,417	5,058	5,573	6,158	6,848	7,352	7,436	7,528	7,714	7,833	8,010	8,547	10,011	10,576	10,627	11,829	13,010	13,021	11,947	11,353	10,890	10,380	9,225	8,840	8,309	7,710	6,833	6,560	6,319	6,348	5,856	5,493	5,686	5,919	5,850	6,146	6,649	6,415	6,246	6,392	7,239	8,120	8,655	9,363	9,338	9,128	8,458	8,115	8,200	6,900	6,000	5,900	5,700	5,700	5,300	5,200	5,200	4,900	4,500	4,400	4,400	4,100	4,000	4,000	3,900	3,800	3,600	3,400	3,300	2,900	2,700	2,500	3,800	2,400	2,700	2,700	2,700	3,100	3,400	3,700	-	-	-	-
Interest Income	22,191	21,164	19,972	17,829	17,359	16,185	14,731	14,147	14,848	14,910	14,436	14,062	14,228	14,253	15,104	14,616	14,837	14,600	14,411	14,072	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,758	4,513	4,414	4,375	6,969	6,936	5,428	5,715	7,549	4,388	4,403	3,430	4,972	4,960	2,570	1,755	2,883	4,493	2,602	3,151	2,382	2,763	3,016	2,506	-1,032	2,012	2,309	1,980	1,421	2,285	1,704	1,871	6,385	1,948	1,175	1,368	1,659	1,340	1,240	1,358	846	1,836	1,842	1,922	2,804	2,875	1,649	-2,665	850	686	1,133	957	-4,492	322	-916	-5,111	-9,266	-5,586	1,149	2,379	-243	1,865	4,114	3,135	3,972	3,555	3,205	2,061	3,463	3,265	3,044	2,805	4,217	3,044	2,136	2,754	1,823	1,095	1,997	2,712	2,796	2,180	3,321	2,452	2,415	2,543	2,370	2,328	2,264	2,604	2,284	2,017	2,403	2,101	1,806	2,001	2,200	2,000	1,900	1,800	2,100	1,900	1,700	1,900	1,900	1,600	1,700	1,400	1,500	1,800	1,600	1,600	1,600	1,600	1,000	1,400	1,500	1,500	1,600	1,600	2,200	1,300	1,200	1,400	1,500	1,300	1,400	1,300	1,200	1,200	1,200	1,200
Net Income Applicable To Common Shares	0	0	4,414	4,375	6,969	6,936	5,428	5,715	7,549	4,388	4,403	3,430	4,556	4,960	2,570	1,755	2,883	4,493	2,602	3,151	2,382	2,763	3,016	2,506	-1,257	1,787	2,084	1,440	971	1,835	1,254	1,196	7,825	1,273	500	693	983	665	437	911	394	1,388	1,401	1,485	2,374	2,460	1,218	-3,080	439	282	733	563	0	0	0	0	0	-756	756	2,120	7,006	1,865	4,114	3,135	3,972	3,555	3,205	2,061	3,463	3,265	3,044	2,805	4,217	3,044	2,136	2,754	1,823	1,095	1,997	2,712	2,796	2,182	3,319	2,452	2,414	2,544	2,369	2,328	2,264	2,604	2,284	2,017	2,403	2,101	1,806	2,001	0	0	0	0	0	0	0	0	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 From Continuing Ops	1,758	4,513	4,414	4,375	6,969	6,936	5,428	5,715	7,549	4,388	4,403	3,430	4,972	4,960	2,570	1,755	2,883	4,493	2,602	3,151	2,382	2,763	3,016	2,506	-1,032	2,012	2,309	1,980	1,421	2,285	1,704	1,871	8,500	1,948	1,175	1,368	1,659	1,340	1,240	1,358	846	1,836	1,842	1,922	2,804	2,875	1,649	-2,665	0	686	1,133	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,194	13,984	14,174	14,518	15,180	15,141	13,971	13,341	13,918	13,625	12,763	12,236	12,101	11,902	12,656	11,887	11,922	11,596	11,527	11,346	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Operating Income	19,442	5,834	5,837	8,023	10,242	10,657	7,896	7,616	10,041	5,800	5,939	4,529	6,441	6,356	3,281	2,277	3,614	5,431	3,392	4,028	2,919	3,502	3,856	3,154	3,357	2,823	3,261	2,773	1,967	3,232	2,317	2,548	10,101	2,542	1,473	1,827	1,955	1,563	1,578	1,772	1,215	2,514	2,449	2,490	3,589	2,831	1,782	-2,626	587	765	582	1,057	-6,276	-1,845	-1,367	-8,726	-15,066	-9,642	1,507	3,381	-1,147	2,786	6,177	4,628	5,922	4,888	4,709	3,020	4,930	4,653	4,525	4,212	6,325	4,735	3,355	4,283	2,329	1,668	3,029	4,108	4,218	3,052	4,646	3,399	3,332	3,564	3,305	3,150	3,083	3,546	3,280	2,949	3,376	3,117	2,603	2,977	3,300	3,100	2,900	2,700	3,300	2,900	2,600	2,900	0	2,400	2,500	2,100	2,100	2,600	2,400	2,400	2,400	2,500	1,500	2,100	2,300	2,200	2,400	2,300	3,500	2,000	1,800	2,100	2,200	1,900	2,000	1,900	1,200	1,200	1,200	1,200
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-
Other Operating Expenses	21,095	-13,003	-12,906	12,638	11,594	6,544	6,238	10,159	8,670	8,605	9,033	7,831	5,421	8,189	8,357	8,817	6,425	9,028	2,247	1,974	6,375	8,568	2,173	2,025	6,650	1,998	1,825	1,926	5,735	2,217	2,252	1,814	6,308	1,485	1,294	837	6,043	1,375	2,110	578	5,686	1,359	1,483	2,137	3,044	1,532	1,661	3,718	6,286	1,068	2,605	5,853	5,746	6,256	6,447	13,859	8,030	14,212	1,851	6,649	4,945	1,388	566	385	5,462	172	261	961	4,359	789	4,862	15,461	4,661	14,610	4,511	13,069	4,081	4,279	4,294	4,253	4,177	3,980	3,792	4,046	3,558	3,549	3,257	3,450	3,169	3,176	3,072	3,082	2,929	2,851	2,830	2,749	2,800	2,600	2,600	2,400	2,400	2,400	2,400	2,200	0	2,200	2,400	2,400	2,200	2,200	2,200	2,200	2,300	2,300	2,200	2,300	2,300	2,300	2,200	2,100	2,700	1,600	1,700	1,600	1,600	1,500	1,400	1,400	1,200	1,200	1,200	1,200
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	225	225	225	540	450	450	450	675	675	675	675	675	676	675	803	447	452	448	441	437	430	415	431	415	0	404	400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,891	996	1,011	1,018	753	970	964	958	977	821	900	732	875	911	884	884	868	859	844	821	687	631	569	548	501	476	462	459	447	403	417	426	461	435	434	438	467	477	489	505	502	515	517	509	496	491	490	515	615	632	663	707	726	824	839	858	887	1,142	885	886	1,388	624	641	865	837	870	782	748	630	692	920	748	1,438	277	1,079	763	345	1,539	1,093	1,050	4,197	60	53	-37	828	206	360	354	371	382	370	446	368	392	70	703	-600	1,100	600	300	500	500	400	400	400	300	200	400	300	400	500	400	300	400	400	400	400	300	400	500	700	500	500	500	1,100	100	0	300	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	288	220	137	117	134	152	151	106	127	129	133	146	168	122	153	130	144	110	0	144	144	153	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,768	7,211	7,142	7,593	6,513	6,392	6,087	6,256	8,543	6,051	5,958	5,386	5,252	5,795	5,324	6,183	6,280	6,549	6,527	6,546	6,231	6,648	6,508	6,052	6,650	5,905	5,709	5,424	5,735	5,297	5,393	5,725	6,308	5,919	5,747	5,441	6,043	5,388	5,509	5,076	5,686	5,566	5,274	5,295	3,044	6,064	6,324	6,034	6,286	6,113	6,203	5,834	5,657	6,046	5,896	6,345	8,030	5,551	5,948	5,899	4,945	5,364	5,138	5,784	5,462	5,147	5,129	4,890	4,359	4,592	4,862	5,271	4,661	4,718	4,511	4,538	4,081	4,279	4,294	4,253	4,177	3,980	3,792	4,046	3,558	3,549	3,257	3,450	3,169	3,176	3,072	3,082	2,929	2,851	2,830	2,749	2,800	2,600	2,600	2,400	2,400	2,400	2,400	2,200	2,200	2,200	2,400	2,400	2,200	2,200	2,200	2,200	2,300	2,300	2,200	2,300	2,300	2,300	2,200	2,100	2,700	1,600	1,700	1,600	1,600	1,500	1,400	1,400	-	-	-	-
Tax Provision	317	1,321	1,423	1,355	1,847	2,677	1,708	1,901	2,492	1,412	1,536	1,099	1,469	1,396	711	522	731	938	790	877	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,757	-13,003	-12,906	12,638	11,594	6,544	6,238	-10,159	8,670	6,180	6,091	5,532	5,420	5,917	5,477	6,313	6,424	6,659	6,527	6,546	6,375	6,801	6,508	6,052	6,650	5,905	5,709	5,424	5,735	5,297	5,393	5,725	6,308	5,919	5,747	5,441	6,043	5,388	5,509	5,076	5,686	5,566	5,274	5,295	3,044	6,064	6,324	6,034	6,286	6,113	6,203	5,853	5,746	6,256	6,447	13,859	8,030	14,212	5,948	6,649	4,945	5,364	5,138	5,784	5,462	5,147	5,129	4,890	4,359	4,592	4,862	5,271	4,661	4,718	4,511	4,538	4,081	4,279	4,294	4,253	4,177	3,980	3,792	4,046	3,558	3,549	3,257	3,450	3,169	3,176	3,072	3,082	2,929	2,851	2,830	2,749	2,800	2,600	2,600	2,400	2,400	2,400	2,400	2,200	0	2,200	2,400	2,400	2,200	2,200	2,200	2,200	2,300	2,300	2,200	2,300	2,300	2,300	2,200	2,100	2,700	1,600	1,700	1,600	1,600	1,500	1,400	1,400	1,200	1,200	1,200	1,200
Total Other Income Expense Net	2,075	936	1,268	-2,293	-1,426	-1,044	-760	-806	-930	5,800	5,939	4,529	5,874	6,356	3,281	2,277	3,614	5,431	3,392	4,028	2,919	3,502	3,856	3,154	3,357	2,823	3,261	2,773	1,967	3,232	2,317	2,548	10,101	2,542	1,473	1,827	1,955	1,563	1,578	1,772	1,215	2,514	2,449	2,490	3,589	2,831	1,782	-2,626	587	765	582	1,057	-6,276	-1,845	-1,367	-8,726	-15,066	-9,642	1,507	3,381	-1,147	2,786	6,177	4,628	5,922	4,888	4,709	3,020	4,930	4,653	4,525	4,212	6,325	4,735	3,355	4,283	2,329	1,668	3,029	4,108	4,218	3,052	4,646	3,399	3,332	3,564	3,305	3,150	3,083	3,546	3,280	2,949	3,376	3,117	2,603	2,977	3,300	3,100	2,900	2,700	3,300	2,900	2,600	2,900	0	2,400	2,500	2,100	2,100	2,600	2,400	2,400	2,400	2,500	1,500	2,100	2,300	2,200	2,400	2,300	3,500	2,000	1,800	2,100	2,200	1,900	2,000	1,900	-	-	-	-
Total Revenue	23,199	18,837	18,743	18,911	19,671	128	152	17,775	20,338	18,230	17,526	17,566	17,256	17,189	16,875	15,936	15,977	16,667	15,467	15,067	15,320	15,062	14,750	14,292	13,869	13,747	13,420	12,827	12,799	13,293	13,195	13,015	9,711	12,752	12,141	11,939	12,445	12,150	13,199	11,899	11,419	14,403	12,274	12,989	12,848	12,807	13,080	15,261	14,509	12,250	13,933	13,333	9,840	12,607	14,230	13,585	28,135	16,524	15,928	17,166	14,800	16,979	17,794	16,369	16,684	15,304	14,912	12,426	14,014	13,690	13,618	13,653	15,010	13,878	12,872	12,671	13,473	11,614	12,001	12,549	12,273	11,401	11,130	11,165	10,123	10,504	10,122	10,149	10,190	10,165	9,588	9,222	9,338	8,994	9,026	8,908	9,200	9,000	8,600	8,100	8,200	7,900	7,800	7,700	7,700	7,700	7,900	7,200	7,100	7,100	6,900	6,700	7,100	6,800	6,600	6,300	6,500	6,400	6,400	6,300	8,800	5,400	5,100	5,300	5,500	5,000	4,900	4,800	-	-	-	-

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

Gross Profit (+$)
totalRevenue	95,055
Cost of Revenue	-38,573
Gross Profit	56,482	56,482

Operating Income (+$)
Gross Profit	56,482
Operating Expense	-14,340
Operating Income	81,358	42,142

Operating Expense (+$)
Research Development	0
Selling General Administrative	29,604
Selling And Marketing Expenses	762
Operating Expense	14,340	30,366

Net Interest Income (+$)
Interest Income	76,324
Interest Expense	-4,941
Other Finance Cost	-13,527
Net Interest Income	57,856

Pretax Income (+$)
Operating Income	81,358
Net Interest Income	57,856
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	19,476	61,882 EBIT - interestExpense = 4,612 19,476 20,001
Interest Expense	4,941
Earnings Before Interest and Taxes (EBIT)	9,553	24,417
Earnings Before Interest and Taxes (EBITDA)	14,469

After tax Income (+$)
Income Before Tax	19,476
Tax Provision	-5,946
Net Income From Continuing Ops	20,271	13,530
Net Income	15,060
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	75,550
Total Other Income/Expenses Net	19,476	-57,856

Technical Analysis of First United Corporation
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 First United Corporation. The general trend of First United Corporation is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine First United Corporation'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 (42.9%)		Bearish trend (-42.9%)
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 First United Corporation.

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

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

The bullish price targets are: 23.10 < 23.16 < 23.37.

The bearish price targets are: 21.70 > 21.70 > 21.41.

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First United Corporation 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 First United Corporation. The current mas is .

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

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

First United Corporation Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of First United Corporation. The current macd is -0.02305269.

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 First United Corporation price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for First United Corporation. 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 First United Corporation 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

First United Corporation 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 First United Corporation. The current adx is 13.50.

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 First United Corporation 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

First United Corporation 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 First United Corporation. The current sar is 22.85.

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

First United Corporation Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of First United Corporation. The current rsi is 42.80. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

First United Corporation 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 First United Corporation. The current phase is Correction in bull market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

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

First United Corporation 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 First United Corporation. The current cci is -156.17037635.

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

First United Corporation 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 First United Corporation. The current cmo is -27.33420579.

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

First United Corporation 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 First United Corporation. The current willr is -72.05882353.

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

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that First United Corporation is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

First United Corporation Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of First United Corporation.

First United Corporation Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of First United Corporation. The current atr is 0.46813148.

First United Corporation 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 First United Corporation. The current obv is 442,736.

First United Corporation 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 First United Corporation. The current mfi is 20.69.

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

First United Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for First United Corporation.

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
2023-11-27	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	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	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-11-30	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-05	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-19	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-26	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-03	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-04	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-05	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-01-08	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-09	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-10	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-17	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-18	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-19	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-24	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-26	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
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-06	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-13	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	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).
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-26	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-27	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-02-28	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
2024-02-29	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-01	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
2024-03-05	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	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
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-06	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-08	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-14	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-18	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-03-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-20	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
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-26	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.
2024-03-27	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-28	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.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	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.
2024-04-08	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-11	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-16	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.

6.3. Candlestick Patterns

First United Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of First United Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.804
Ma 20	Greater than	Ma 50	22.520
Ma 50	Greater than	Ma 100	22.127
Ma 100	Greater than	Ma 200	22.065
Open	Greater than	Close	21.950
Total			3/5 (60.0%)

Create your own Symbol Scanner

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Quick analysis of First United Corporation (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of First United Corporation (5 min.)

$22.10

$24.33

$2.55 - $35.56

$26.88 - $59.89

2. Growth of First United Corporation (5 min.)

Is First United Corporation growing?

How much money is First United Corporation making?

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

3. Financial Health of First United Corporation (5 min.)

4. Comparing to competitors in the Banks - Regional industry (5 min.)

Industry Rankings (Banks - Regional)

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

What can you expect buying and holding a share of First United Corporation?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of First United Corporation

About First United Corporation

Financial Health

Valuation

1.1. Profitability of First United Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of First United Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of First United Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of First United Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of First United Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

First United Corporation
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