Gildan Activewear Inc.
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Let's analyse Gildan Activewear Inc. together

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

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

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

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Quick analysis of Gildan Activewear Inc. (30 sec.)

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

How much money do you get?

$1.10

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$11.39

Expected worth in 1 year

$12.32

How sure are you?

77.5%

+ What do you gain per year?

Total Gains per Share

$2.03

Return On Investment

5.8%

For what price can you sell your share?

Current Price per Share

$35.20

Expected price per share

$31.13 - $38.87

How sure are you?

50%

1. Valuation of Gildan Activewear Inc. (5 min.)

Live pricePrice per Share (EOD)

$35.20

Book Value per Share

$11.39

Intrinsic Value Per Share

$0.38 - $40.26

Total Value Per Share

$11.77 - $51.66

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.35) 3Y: ($0.45) TTM: ($0.50)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.04) 3Y: ($-0.02) TTM: ($0.14)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$1.18	$2.13	$1.11 - $2.39
2	$2.02	$4.76	$0.82 - $2.98
3	$2.57	$7.86	$0.53 - $3.57
4	$2.85	$11.39	$0.24 - $4.15
5	$2.90	$15.33	$-0.05 - $4.74
6	$2.73	$19.65	$-0.34 - $5.33
7	$2.37	$24.33	$-0.64 - $5.91
8	$1.85	$29.34	$-0.93 - $6.50
9	$1.18	$34.66	$-1.22 - $7.08
10	$0.38	$40.26	$-1.51 - $7.67

2. Growth of Gildan Activewear Inc. (5 min.)

Is Gildan Activewear Inc. growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.9b	$1.8b	$85.7m	4.4%

How much money is Gildan Activewear Inc. making?

	Current year	Previous year	Grow	Grow %
Making money	$133.3m	$135.3m	-$1.9m	-1.5%
Net Profit Margin	16.6%	16.6%	-	-

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

Quarterly Yearly

3. Financial Health of Gildan Activewear Inc. (5 min.)

4. Comparing to competitors in the Apparel Manufacturing industry (5 min.)

Industry Rankings (Apparel Manufacturing)

Richest
#13 / 217

Most Revenue
#23 / 217

Most Profit
#10 / 217

Most Efficient
#14 / 217

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

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

What can you expect buying and holding a share of Gildan Activewear Inc.?

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

Speculation

The Price per Share of Gildan Activewear Inc. is $35.20. 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 Gildan Activewear Inc..
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

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

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $11.39. Based on the TTM, the Book Value Change Per Share is $0.23 per quarter. Based on the YOY, the Book Value Change Per Share is $0.15 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 $0.27 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.89	2.5%	0.76	2.2%	0.73	2.1%	0.46	1.3%	0.47	1.3%
Usd Book Value Change Per Share	0.03	0.1%	0.23	0.7%	0.15	0.4%	0.10	0.3%	0.11	0.3%
Usd Dividend Per Share	0.19	0.5%	0.27	0.8%	0.49	1.4%	0.23	0.7%	0.16	0.5%
Usd Total Gains Per Share	0.21	0.6%	0.51	1.4%	0.64	1.8%	0.33	0.9%	0.27	0.8%
Usd Price Per Share	33.06	-	31.63	-	30.48	-	30.53	-	32.62	-
Price to Earnings Ratio	9.26	-	10.86	-	10.92	-	16.35	-	18.62	-
Price-to-Total Gains Ratio	155.09	-	79.62	-	57.02	-	41.74	-	34.65	-
Price to Book Ratio	2.90	-	2.86	-	3.02	-	3.21	-	3.64	-
Price-to-Total Gains Ratio	155.09	-	79.62	-	57.02	-	41.74	-	34.65	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	35.2
Number of shares	28

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.27	0.23
Usd Book Value Change Per Share	0.23	0.10
Usd Total Gains Per Share	0.51	0.33
Gains per Quarter (28 shares)	14.20	9.32
Gains per Year (28 shares)	56.81	37.30

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	31	26	47	26	11	27
2	61	52	104	53	22	64
3	92	78	161	79	33	101
4	123	104	218	105	44	138
5	154	130	275	131	55	175
6	184	156	332	158	66	212
7	215	182	389	184	77	249
8	246	209	446	210	88	286
9	277	235	503	237	99	323
10	307	261	560	263	110	360

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	18.0	2.0	0.0	90.0%	38.0	2.0	0.0	95.0%	100.0	3.0	0.0	97.1%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	15.0	5.0	0.0	75.0%	29.0	11.0	0.0	72.5%	86.0	17.0	0.0	83.5%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	56.0	0.0	47.0	54.4%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	16.0	4.0	0.0	80.0%	31.0	9.0	0.0	77.5%	88.0	15.0	0.0	85.4%

Fundamentals of Gildan Activewear Inc.

About Gildan Activewear Inc.

https://gildancorp.com
Apparel Manufacturing
43000
600 de Maisonneuve Boulevard West, Montreal, QC, Canada, H3A 3J2
Google Maps Bing Maps

Gildan Activewear Inc. manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands. The company also offers hosiery products comprising athletic; dress; and casual, liner, therapeutic, and workwear socks under the Gildan, Under Armour, GoldToe, Signature Gold by Goldtoe, Peds, MediPeds, All Pro, and GoldTeo Edition TM brands. In addition, it provides men's and boys' underwear products, and ladies panties under the Gildan and Gildan Platinum brands. The company sells its products to wholesale distributors, screen printers, and embellishers, as well as to retailers and lifestyle brand companies. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1946 and is headquartered in Montreal, Canada.

Fundamental data was last updated by Penke on 2024-04-04 14:33:03.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Gildan Activewear Inc..

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing industry mean.
A Net Profit Margin of 19.6% means that $0.20 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Gildan Activewear Inc.:

The MRQ is 19.6%. The company is making a huge profit. +2
The TTM is 16.6%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	19.6%	TTM	16.6%	+2.9%
TTM	16.6%	YOY	16.6%	+0.1%
TTM	16.6%	5Y	5.7%	+11.0%
5Y	5.7%	10Y	9.1%	-3.4%

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	19.6%	3.2%	+16.4%
TTM	16.6%	3.6%	+13.0%
YOY	16.6%	3.9%	+12.7%
5Y	5.7%	2.3%	+3.4%
10Y	9.1%	3.2%	+5.9%

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

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

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

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

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing industry mean.
Can be used to compare companies within the Apparel Manufacturing industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Gildan Activewear Inc.. If profit margins remain low (compared to the Apparel Manufacturing 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 Gildan Activewear Inc. is 0.20. This means that Gildan Activewear Inc. earned $0.20 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 Apparel Manufacturing industry is 3.2%.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate net profit margin

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

Real example of Gildan Activewear Inc.

You need the following data to determine net profit margin:

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

Net income MRQ Gildan Activewear Inc. = 153,308
Total revenue MRQ Gildan Activewear Inc. = 782,709
$153,308 / $782,709 = 0.20 or 19.6%

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 Gildan Activewear Inc. is using its assets to generate profit.

Above 5% is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing industry mean.
4.4% Return on Assets means that Gildan Activewear Inc. generated $0.04 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Gildan Activewear Inc.:

The MRQ is 4.4%. Using its assets, the company is less efficient in making profit.
The TTM is 3.7%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	4.4%	TTM	3.7%	+0.7%
TTM	3.7%	YOY	4.0%	-0.3%
TTM	3.7%	5Y	2.4%	+1.3%
5Y	2.4%	10Y	2.7%	-0.3%

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	4.4%	1.4%	+3.0%
TTM	3.7%	1.3%	+2.4%
YOY	4.0%	1.5%	+2.5%
5Y	2.4%	1.2%	+1.2%
10Y	2.7%	1.7%	+1.0%

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

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

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing 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 Gildan Activewear Inc. is using its resources to generate profit. If the return on assets (4.4%) from Gildan Activewear Inc. are higher than the Apparel Manufacturing mean (1.4%) that means Gildan Activewear Inc. is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Gildan Activewear Inc. is 4.4%. This means the company generated $0.04 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Apparel Manufacturing industry is 1.4%.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on assets

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

Real example Gildan Activewear Inc.

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

Income statement
Balance sheet

Net income MRQ (income statement) from Gildan Activewear Inc. = 153,308
Total assets MRQ (balance sheet) from Gildan Activewear Inc. = 3,514,873
153,308 / 3,514,873 = 0.04 or 4.4%

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

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

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

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

1.1.3. Return on Equity

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

Above 15%-20% is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing industry mean.
7.8% Return on Equity means Gildan Activewear Inc. generated $0.08 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Gildan Activewear Inc.:

The MRQ is 7.8%. Using its investors money, the company is less efficient in making profit.
The TTM is 6.8%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	7.8%	TTM	6.8%	+1.0%
TTM	6.8%	YOY	7.3%	-0.4%
TTM	6.8%	5Y	4.1%	+2.8%
5Y	4.1%	10Y	4.1%	-0.1%

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	7.8%	2.7%	+5.1%
TTM	6.8%	2.7%	+4.1%
YOY	7.3%	2.7%	+4.6%
5Y	4.1%	2.1%	+2.0%
10Y	4.1%	2.8%	+1.3%

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

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

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing 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 Apparel Manufacturing 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 Gildan Activewear Inc. is 7.8%. This means Gildan Activewear Inc. generated $0.08 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Apparel Manufacturing industry is 2.7%.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if Gildan Activewear Inc. existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on equity

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

Real example of Gildan Activewear Inc.

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Gildan Activewear Inc. = 153,308
Shareholders equity (balance sheet) MRQ Gildan Activewear Inc. = 1,957,457
153,308 / 1,957,457 = 0.08 or 7.8%

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 Gildan Activewear Inc..

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Gildan Activewear Inc. is operating .

Measures how much profit Gildan Activewear Inc. makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing industry mean.
An Operating Margin of 18.2% means the company generated $0.18 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Gildan Activewear Inc.:

The MRQ is 18.2%. The company is operating efficient. +1
The TTM is 16.5%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	18.2%	TTM	16.5%	+1.6%
TTM	16.5%	YOY	20.5%	-4.0%
TTM	16.5%	5Y	10.4%	+6.1%
5Y	10.4%	10Y	12.1%	-1.6%

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	18.2%	6.4%	+11.8%
TTM	16.5%	5.1%	+11.4%
YOY	20.5%	5.3%	+15.2%
5Y	10.4%	4.2%	+6.2%
10Y	12.1%	4.3%	+7.8%

Measures how efficient Gildan Activewear Inc. is operating .

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

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing 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 Gildan Activewear Inc. is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Gildan Activewear Inc. is 18.2%. This means that Gildan Activewear Inc. earned $0.18 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Apparel Manufacturing industry is 6.4%.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Gildan Activewear Inc.

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Gildan Activewear Inc. = 178,147
Total revenue MRQ Gildan Activewear Inc. = 782,709
$178,147 / $782,709 = 0.18 or 18.2%

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 Gildan Activewear Inc. is keeping operating costs low.

Below 1 is considered healthy (always compare to Apparel Manufacturing industry mean).
An Operation Ratio of 0.81 means that the operating costs are $0.81 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Gildan Activewear Inc.:

The MRQ is 0.811. The company is less efficient in keeping operating costs low.
The TTM is 0.829. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.811	TTM	0.829	-0.018
TTM	0.829	YOY	0.793	+0.036
TTM	0.829	5Y	0.889	-0.061
5Y	0.889	10Y	0.874	+0.015

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	0.811	1.400	-0.589
TTM	0.829	1.392	-0.563
YOY	0.793	1.310	-0.517
5Y	0.889	1.314	-0.425
10Y	0.874	1.153	-0.279

Measures how efficient Gildan Activewear Inc. is keeping operating costs low.

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

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing 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 Gildan Activewear Inc. is 81.1%. This means that Gildan Activewear Inc. earned $0.81 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 Apparel Manufacturing industry is 1.40.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Gildan Activewear Inc.

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(546,151 +88,269) \ 782,709 = 0.81

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 Gildan Activewear Inc..

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Apparel Manufacturing industry mean).
A Current Ratio of 2.33 means the company has $2.33 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Gildan Activewear Inc.:

The MRQ is 2.331. The company is able to pay all its short-term debts. +1
The TTM is 2.782. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	2.331	TTM	2.782	-0.452
TTM	2.782	YOY	2.928	-0.145
TTM	2.782	5Y	3.645	-0.862
5Y	3.645	10Y	4.228	-0.584

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	2.331	1.765	+0.566
TTM	2.782	1.794	+0.988
YOY	2.928	1.838	+1.090
5Y	3.645	1.867	+1.778
10Y	4.228	1.878	+2.350

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

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Apparel Manufacturing 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 Gildan Activewear Inc. if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Gildan Activewear Inc. is 2.33. This means Gildan Activewear Inc. has $2.33 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Apparel Manufacturing industry is 1.77.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Gildan Activewear Inc.

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,687,536 \ 724,090) = 2.33

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

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

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

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

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

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

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing industry mean.
A Quick Ratio of 0.69 means the company can pay off $0.69 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Gildan Activewear Inc.:

The MRQ is 0.693. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.869. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.693	TTM	0.869	-0.175
TTM	0.869	YOY	1.000	-0.132
TTM	0.869	5Y	1.397	-0.529
5Y	1.397	10Y	1.449	-0.052

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	0.693	0.682	+0.011
TTM	0.869	0.727	+0.142
YOY	1.000	0.806	+0.194
5Y	1.397	0.821	+0.576
10Y	1.449	0.850	+0.599

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing 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 Gildan Activewear Inc. can pay off its short term debts. This shows if Gildan Activewear Inc. can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Gildan Activewear Inc. is 0.69. This means that Gildan Activewear Inc. can pay off $0.69 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Apparel Manufacturing industry is 0.68.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example Gildan Activewear Inc.

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Gildan Activewear Inc.: (89,642 + 0 +412,498) / 724,090 = 0.69

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 Gildan Activewear Inc..

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Gildan Activewear Inc. to Apparel Manufacturing industry mean.
A Debt to Asset Ratio of 0.44 means that Gildan Activewear Inc. assets are financed with 44.3% credit (debt) and the remaining percentage (100% - 44.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Gildan Activewear Inc.:

The MRQ is 0.443. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.457. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.443	TTM	0.457	-0.014
TTM	0.457	YOY	0.451	+0.007
TTM	0.457	5Y	0.453	+0.005
5Y	0.453	10Y	0.379	+0.074

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	0.443	0.433	+0.010
TTM	0.457	0.439	+0.018
YOY	0.451	0.452	-0.001
5Y	0.453	0.444	+0.009
10Y	0.379	0.448	-0.069

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Gildan Activewear Inc. to Apparel Manufacturing 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 Gildan Activewear Inc. is 0.44. This means means that Gildan Activewear Inc. is financed with 44.3% 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 Apparel Manufacturing industry is 176.5%.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Gildan Activewear Inc.

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

Balance sheet
Debt to asset ratio = total debt \ total assets
1,557,416 \ 3,514,873 = 44.3% or 0.44.

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 Gildan Activewear Inc. is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Gildan Activewear Inc. to the Apparel Manufacturing industry mean.
A Debt to Equity ratio of 79.6% means that company has $0.80 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Gildan Activewear Inc.:

The MRQ is 0.796. The company is very able to pay all its debts with equity. +2
The TTM is 0.844. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.796	TTM	0.844	-0.049
TTM	0.844	YOY	0.821	+0.024
TTM	0.844	5Y	0.842	+0.002
5Y	0.842	10Y	0.645	+0.198

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
MRQ	0.796	0.754	+0.042
TTM	0.844	0.777	+0.067
YOY	0.821	0.821	0.000
5Y	0.842	0.842	+0.000
10Y	0.645	0.910	-0.265

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

How to use debt to equity ratio

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

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

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

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Gildan Activewear Inc. is 0.80. This means that Gildan Activewear Inc. can pay off $0.80 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Apparel Manufacturing industry is 0.75.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Gildan Activewear Inc.

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,557,416 \ 1,957,457 = 0.80 or 79.6%

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 Gildan Activewear Inc.

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

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

Above 15 is considered overpriced but always compare Gildan Activewear Inc. to the Apparel Manufacturing industry mean.
A PE ratio of 9.26 means the investor is paying $9.26 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Gildan Activewear Inc.:

The EOD is 9.862. Based on the earnings, the company is underpriced. +1
The MRQ is 9.262. Based on the earnings, the company is underpriced. +1
The TTM is 10.856. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	9.862	MRQ	9.262	+0.600
MRQ	9.262	TTM	10.856	-1.594
TTM	10.856	YOY	10.919	-0.063
TTM	10.856	5Y	16.349	-5.494
5Y	16.349	10Y	18.623	-2.273

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
EOD	9.862	6.817	+3.045
MRQ	9.262	7.293	+1.969
TTM	10.856	8.751	+2.105
YOY	10.919	8.803	+2.116
5Y	16.349	9.658	+6.691
10Y	18.623	14.110	+4.513

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

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

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Gildan Activewear Inc. to the Apparel Manufacturing 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 Gildan Activewear Inc. is 9.26. This means the investor is paying $9.26 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Apparel Manufacturing industry is 7.29.
What is the trend?
The trend is important because it shows you how Gildan Activewear Inc. is performing over time. The most recent quarter might be important if Gildan Activewear Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Gildan Activewear Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Gildan Activewear Inc.

You need the following data to determine the PE ratio:

Balance sheet
Income statement

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

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 171,806 = EPS
PE ratio MRQ = 9.26

* 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 Gildan Activewear Inc.:

The EOD is 7.431. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 6.979. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 4.290. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	7.431	MRQ	6.979	+0.452
MRQ	6.979	TTM	4.290	+2.689
TTM	4.290	YOY	-37.302	+41.592
TTM	4.290	5Y	11.269	-6.978
5Y	11.269	10Y	17.486	-6.217

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
EOD	7.431	2.437	+4.994
MRQ	6.979	2.878	+4.101
TTM	4.290	2.556	+1.734
YOY	-37.302	1.134	-38.436
5Y	11.269	1.285	+9.984
10Y	17.486	0.399	+17.087

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Apparel Manufacturing industry mean).
A PB ratio of 2.90 means the investor is paying $2.90 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Gildan Activewear Inc.:

The EOD is 3.090. Based on the equity, the company is fair priced.
The MRQ is 2.902. Based on the equity, the company is underpriced. +1
The TTM is 2.861. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	3.090	MRQ	2.902	+0.188
MRQ	2.902	TTM	2.861	+0.041
TTM	2.861	YOY	3.021	-0.160
TTM	2.861	5Y	3.212	-0.351
5Y	3.212	10Y	3.640	-0.428

Compared to industry (Apparel Manufacturing)

Period	Company	Industry (mean)	+/-
EOD	3.090	1.278	+1.812
MRQ	2.902	1.257	+1.645
TTM	2.861	1.330	+1.531
YOY	3.021	1.636	+1.385
5Y	3.212	1.552	+1.660
10Y	3.640	2.015	+1.625

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Gildan Activewear Inc.

Institutions are holding 89.897% of the shares of Gildan Activewear Inc..

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Jarislowsky Fraser Ltd	7.0454	2.3219	11882800	-574011	-4.608
2023-12-31	Cooke & Bieler LP	5.9735	2.9358	10075062	169476	1.7109
2023-12-31	Coliseum Capital Management LLC	5.8588	26.1945	9881461	-1560463	-13.6381
2023-12-31	Pzena Investment Management, LLC	5.6931	1.1933	9602146	-1394392	-12.6803
2023-12-31	FMR Inc	5.5514	0.0238	9363130	1771220	23.3304
2023-12-31	Browning West, LP	5.123	30.7668	8640448	1994900	30.0186
2023-12-31	HHG PLC	3.9225	0.1305	6615804	-596450	-8.27
2023-12-31	Vanguard Group Inc	3.7655	0.0046	6350868	-50177	-0.7839
2023-12-31	Turtle Creek Asset Management Inc.	2.5608	3.7695	4319030	-1403219	-24.5222
2023-12-31	Cardinal Capital Management, INC.	1.7124	4.5387	2888095	3762	0.1304
2023-12-31	Mackenzie Investments	1.608	0.1353	2712021	29193	1.0881
2023-12-31	NORGES BANK	1.2714	0.0124	2144333	123729	6.1234
2023-12-31	Manufacturers Life Insurance Co	1.2056	0.0402	2033387	-514802	-20.2027
2023-12-31	BlackRock Inc	1.192	0.0017	2010490	-277242	-12.1186
2023-12-31	Massachusetts Financial Services Company	0.9831	0.0177	1658087	114315	7.4049
2023-12-31	Anson Funds Management LP	0.9338	6.4508	1575000	1505000	2150
2023-12-31	Bank of Montreal	0.9231	0.016	1556897	-168390	-9.7601
2023-12-31	BMO Capital Markets Corp.	0.9231	0.016	1556897	-168390	-9.7601
2023-12-31	Goldman Sachs Group Inc	0.8985	0.0045	1515482	-11154	-0.7306
2023-09-30	EdgePoint Investment Group, Inc.	0.8773	0.3961	1479750	0	0
Total		58.0223	78.9701	97861188	-1007095	-1.0%

3.2. Funds holding Gildan Activewear Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Windsor Investor Shares	3.2206	0.7581	5431887	-707703	-11.5269
2023-12-31	Janus Henderson Enterprise D	2.8524	0.8078	4810874	-485661	-9.1694
2023-12-31	Janus Inst Mid Cap Growth CF	2.8524	0.8091	4810874	-485661	-9.1694
2023-12-31	Vanguard Selected Value Inv	2.0719	1.6818	3494528	57000	1.6582
2024-02-29	Pzena Large Cap Value	1.863	1.5822	3142135	0	0
2023-12-31	Fidelity Low-Priced Stock	1.7747	0.3597	2993163	214500	7.7195
2024-02-29	Folksam LO Världen	1.6601	1.3981	2800000	0	0
2023-12-31	JF Canadian Equity Fund	1.6382	2.5784	2762976	-97032	-3.3927
2024-02-29	Vanguard Total Intl Stock Index Inv	1.4193	0.02	2393883	8221	0.3446
2024-02-29	Swedbank Robur Transition Global A	1.1172	1.8061	1884320	0	0
2024-01-31	Fidelity Value	0.9233	0.5808	1557200	-25300	-1.5987
2024-02-29	Vanguard Developed Markets Index Admiral	0.8455	0.0267	1426085	8733	0.6161
2024-02-29	Pzena Mid Cap Value	0.7838	1.7486	1322041	0	0
2024-02-29	Vanguard Instl Ttl Intl Stk Mkt Idx TrII	0.6726	0.02	1134424	6779	0.6012
2024-01-31	JHancock Classic Value A	0.5719	1.9945	964528	-213738	-18.14
2023-12-31	iProfile Canadian Equity Private Pool I	0.5148	0.4923	868314	-493	-0.0567
2024-02-29	iShares S&P/TSX 60 ETF	0.4999	0.3262	843174	0	0
2024-01-31	Fidelity Series Canada	0.4272	0.4597	720600	7500	1.0517
2023-12-31	MDPIM Canadian Equity Pool	0.405	1.2725	683121	-11220	-1.6159
2024-01-31	Fidelity Value Strategies	0.394	1.0566	664600	-132000	-16.5704
Total		26.5078	19.7792	44708727	-1856075	-4.2%

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.028	0.233	-88%	0.152	-82%	0.098	-72%	0.108	-74%
Book Value Per Share	-	-	11.393	11.076	+3%	10.123	+13%	9.488	+20%	9.110	+25%
Current Ratio	-	-	2.331	2.782	-16%	2.928	-20%	3.645	-36%	4.228	-45%
Debt To Asset Ratio	-	-	0.443	0.457	-3%	0.451	-2%	0.453	-2%	0.379	+17%
Debt To Equity Ratio	-	-	0.796	0.844	-6%	0.821	-3%	0.842	-6%	0.645	+23%
Dividend Per Share	-	-	0.186	0.275	-32%	0.492	-62%	0.235	-21%	0.159	+17%
Eps	-	-	0.892	0.759	+18%	0.733	+22%	0.459	+94%	0.469	+90%
Free Cash Flow Per Share	-	-	1.184	0.495	+139%	0.241	+391%	0.387	+206%	0.350	+238%
Free Cash Flow To Equity Per Share	-	-	-0.076	-0.159	+110%	-0.110	+46%	0.096	-179%	0.083	-191%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	0.929	+8%
Intrinsic Value_10Y_max	-	-	40.263	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	0.379	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.132	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.177	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	7.855	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	2.571	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	15.327	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	2.896	-	-	-	-	-	-	-	-
Market Cap	5936866918.400	+4%	5679906360.000	5573988372.500	+2%	5631749317.500	+1%	5857787309.500	-3%	6989383466.692	-19%
Net Profit Margin	-	-	0.196	0.166	+18%	0.166	+18%	0.057	+245%	0.091	+116%
Operating Margin	-	-	0.182	0.165	+10%	0.205	-11%	0.104	+74%	0.121	+50%
Operating Ratio	-	-	0.811	0.829	-2%	0.793	+2%	0.889	-9%	0.874	-7%
Pb Ratio	3.090	+6%	2.902	2.861	+1%	3.021	-4%	3.212	-10%	3.640	-20%
Pe Ratio	9.862	+6%	9.262	10.856	-15%	10.919	-15%	16.349	-43%	18.623	-50%
Price Per Share	35.200	+6%	33.060	31.625	+5%	30.483	+8%	30.526	+8%	32.619	+1%
Price To Free Cash Flow Ratio	7.431	+6%	6.979	4.290	+63%	-37.302	+634%	11.269	-38%	17.486	-60%
Price To Total Gains Ratio	165.126	+6%	155.088	79.616	+95%	57.023	+172%	41.736	+272%	34.647	+348%
Quick Ratio	-	-	0.693	0.869	-20%	1.000	-31%	1.397	-50%	1.449	-52%
Return On Assets	-	-	0.044	0.037	+18%	0.040	+9%	0.024	+80%	0.027	+63%
Return On Equity	-	-	0.078	0.068	+15%	0.073	+8%	0.041	+93%	0.041	+89%
Total Gains Per Share	-	-	0.213	0.507	-58%	0.644	-67%	0.333	-36%	0.267	-20%
Usd Book Value	-	-	1957457000.000	1951033000.000	+0%	1865250750.000	+5%	1811139400.000	+8%	1914634075.000	+2%
Usd Book Value Change Per Share	-	-	0.028	0.233	-88%	0.152	-82%	0.098	-72%	0.108	-74%
Usd Book Value Per Share	-	-	11.393	11.076	+3%	10.123	+13%	9.488	+20%	9.110	+25%
Usd Dividend Per Share	-	-	0.186	0.275	-32%	0.492	-62%	0.235	-21%	0.159	+17%
Usd Eps	-	-	0.892	0.759	+18%	0.733	+22%	0.459	+94%	0.469	+90%
Usd Free Cash Flow	-	-	203450000.000	84649250.000	+140%	43571500.000	+367%	73603900.000	+176%	71157149.975	+186%
Usd Free Cash Flow Per Share	-	-	1.184	0.495	+139%	0.241	+391%	0.387	+206%	0.350	+238%
Usd Free Cash Flow To Equity Per Share	-	-	-0.076	-0.159	+110%	-0.110	+46%	0.096	-179%	0.083	-191%
Usd Market Cap	5936866918.400	+4%	5679906360.000	5573988372.500	+2%	5631749317.500	+1%	5857787309.500	-3%	6989383466.692	-19%
Usd Price Per Share	35.200	+6%	33.060	31.625	+5%	30.483	+8%	30.526	+8%	32.619	+1%
Usd Profit	-	-	153308000.000	133395000.000	+15%	135385000.000	+13%	79740150.000	+92%	82747050.000	+85%
Usd Revenue	-	-	782709000.000	798987000.000	-2%	810120500.000	-3%	699968200.000	+12%	679068950.000	+15%
Usd Total Gains Per Share	-	-	0.213	0.507	-58%	0.644	-67%	0.333	-36%	0.267	-20%
	EOD	+4 -4	MRQ	TTM	+23 -12	YOY	+22 -13	5Y	+22 -13	10Y	+23 -13

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	9.862
Price to Book Ratio (EOD)	Between	0-1	3.090
Net Profit Margin (MRQ)	Greater than	0	0.196
Operating Margin (MRQ)	Greater than	0	0.182
Quick Ratio (MRQ)	Greater than	1	0.693
Current Ratio (MRQ)	Greater than	1	2.331
Debt to Asset Ratio (MRQ)	Less than	1	0.443
Debt to Equity Ratio (MRQ)	Less than	1	0.796
Return on Equity (MRQ)	Greater than	0.15	0.078
Return on Assets (MRQ)	Greater than	0.05	0.044
Total			6/10 (60.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	44.518
Ma 20	Greater than	Ma 50	36.333
Ma 50	Greater than	Ma 100	35.402
Ma 100	Greater than	Ma 200	34.478
Open	Greater than	Close	35.110
Total			3/5 (60.0%)

Create your own Symbol Scanner

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Latest Balance Sheet

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

Summary

Total Assets	3,514,873
Total Liabilities	1,557,416
Total Stockholder Equity	1,957,457

	As reported
Total Liabilities	1,557,416
Total Stockholder Equity	+ 1,957,457
Total Assets	= 3,514,873

Assets

Total Assets	3,514,873
Total Current Assets	1,687,536
Long-term Assets	1,827,337

Total Current Assets

Total Current Assets (as reported)	1,687,536
Cash And Cash Equivalents	89,642
Net Receivables	412,498
Inventory	1,089,441
Other Current Assets	95,955
Total Current Assets (calculated)	1,687,536
+/-	0

Long-term Assets

Long-term Assets (as reported)	1,827,337
Property Plant Equipment	1,255,962
Goodwill	271,677
Intangible Assets	261,419
Long-term Assets Other	1,511
Long-term Assets (calculated)	1,790,569
+/-	36,768

Liabilities & Shareholders' Equity

Total Current Liabilities	724,090
Long-term Liabilities	833,326
Total Stockholder Equity	1,957,457

Total Current Liabilities

Total Current Liabilities (as reported)	724,090
Short-term Debt	314,161
Short Long Term Debt	300,000
Accounts payable	408,294
Other Current Liabilities	1,635
Total Current Liabilities (calculated)	1,024,090
+/-	300,000

Long-term Liabilities

Long-term Liabilities (as reported)	833,326
Long term Debt	685,000
Capital Lease Obligations	98,061
Long-term Liabilities (calculated)	783,061
+/-	50,265

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,957,457
Common Stock	271,213
Retained Earnings	1,611,231
Accumulated Other Comprehensive Income	13,650
Other Stockholders Equity	61,363
Total Stockholder Equity (calculated)	1,957,457
+/-	0

Other

Capital Stock	271,213
Cash and Short Term Investments	89,642
Common Stock Shares Outstanding	171,806
Liabilities and Stockholders Equity	3,514,873
Net Debt	993,419
Net Invested Capital	2,942,457
Net Working Capital	963,446
Property Plant and Equipment Gross	2,483,941
Short Long Term Debt Total	1,083,061

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

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2022-12-31

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2011-12-31

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2011-06-30

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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

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2002-12-31

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2001-06-30

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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

> Total Assets

0
0
0
45,088
0
62,054
88,050
87,212
97,384
131,139
178,790
195,142
199,883
223,820
252,619
262,452
269,610
296,544
339,657
297,181
290,525
299,439
308,348
312,932
318,083
355,788
405,884
425,542
424,492
449,027
457,751
488,513
496,352
525,222
552,731
596,894
610,446
644,850
673,902
723,984
715,453
795,235
823,617
874,486
998,236
1,058,889
1,105,481
1,102,126
1,041,067
1,117,253
1,134,247
1,082,408
1,101,510
1,178,781
1,275,631
1,321,192
1,346,029
1,441,699
1,893,286
1,889,721
1,806,758
1,854,495
1,939,232
1,896,437
1,921,666
2,004,225
2,028,008
2,043,651
2,124,148
2,270,100
2,390,205
2,593,044
2,648,262
2,865,539
2,933,493
2,911,377
2,834,300
2,974,683
3,106,634
3,120,198
2,990,144
3,152,342
3,090,366
3,090,387
2,980,705
3,117,883
3,141,752
3,175,008
3,004,596
3,239,730
3,337,806
3,397,997
3,211,070
3,694,904
3,251,590
2,956,137
3,020,948
3,109,822
2,910,855
3,075,740
3,136,682
3,349,755
3,355,254
3,439,998
3,440,214
3,629,139
3,671,832
3,572,318
3,514,873

3,514,873

3,572,318

3,671,832

3,629,139

3,440,214

3,439,998

3,355,254

3,349,755

3,136,682

3,075,740

2,910,855

3,109,822

3,020,948

2,956,137

3,251,590

3,694,904

3,211,070

3,397,997

3,337,806

3,239,730

3,004,596

3,175,008

3,141,752

3,117,883

2,980,705

3,090,387

3,090,366

3,152,342

2,990,144

3,120,198

3,106,634

2,974,683

2,834,300

2,911,377

2,933,493

2,865,539

2,648,262

2,593,044

2,390,205

2,270,100

2,124,148

2,043,651

2,028,008

2,004,225

1,921,666

1,896,437

1,939,232

1,854,495

1,806,758

1,889,721

1,893,286

1,441,699

1,346,029

1,321,192

1,275,631

1,178,781

1,101,510

1,082,408

1,134,247

1,117,253

1,041,067

1,102,126

1,105,481

1,058,889

998,236

874,486

823,617

795,235

715,453

723,984

673,902

644,850

610,446

596,894

552,731

525,222

496,352

488,513

457,751

449,027

424,492

425,542

405,884

355,788

318,083

312,932

308,348

299,439

290,525

297,181

339,657

296,544

269,610

262,452

252,619

223,820

199,883

195,142

178,790

131,139

97,384

87,212

88,050

62,054

45,088

> Total Current Assets

0
0
0
27,493
0
38,571
62,436
55,836
58,954
83,725
128,148
140,186
140,048
159,515
181,486
180,158
174,443
203,727
234,780
195,397
181,473
187,462
179,684
176,621
175,294
198,115
227,324
243,278
231,964
249,959
254,443
273,908
258,065
276,613
291,882
327,497
335,706
353,133
374,106
406,983
379,115
429,763
436,067
465,870
474,138
527,601
573,519
561,100
506,970
589,146
620,393
579,965
585,016
624,638
713,918
755,331
757,779
823,207
920,932
888,444
827,283
876,352
942,366
915,600
938,006
1,004,278
1,022,567
980,712
1,027,729
1,113,926
1,180,611
1,247,404
1,240,872
1,330,950
1,370,103
1,339,220
1,253,600
1,396,315
1,500,223
1,476,251
1,340,525
1,436,303
1,395,402
1,411,492
1,307,881
1,461,805
1,486,684
1,526,421
1,382,911
1,561,912
1,644,553
1,701,787
1,514,173
2,103,821
1,711,109
1,436,940
1,544,473
1,657,128
1,461,586
1,607,836
1,447,233
1,653,515
1,634,536
1,729,982
1,726,952
1,890,149
1,919,905
1,807,463
1,687,536

1,687,536

1,807,463

1,919,905

1,890,149

1,726,952

1,729,982

1,634,536

1,653,515

1,447,233

1,607,836

1,461,586

1,657,128

1,544,473

1,436,940

1,711,109

2,103,821

1,514,173

1,701,787

1,644,553

1,561,912

1,382,911

1,526,421

1,486,684

1,461,805

1,307,881

1,411,492

1,395,402

1,436,303

1,340,525

1,476,251

1,500,223

1,396,315

1,253,600

1,339,220

1,370,103

1,330,950

1,240,872

1,247,404

1,180,611

1,113,926

1,027,729

980,712

1,022,567

1,004,278

938,006

915,600

942,366

876,352

827,283

888,444

920,932

823,207

757,779

755,331

713,918

624,638

585,016

579,965

620,393

589,146

506,970

561,100

573,519

527,601

474,138

465,870

436,067

429,763

379,115

406,983

374,106

353,133

335,706

327,497

291,882

276,613

258,065

273,908

254,443

249,959

231,964

243,278

227,324

198,115

175,294

176,621

179,684

187,462

181,473

195,397

234,780

203,727

174,443

180,158

181,486

159,515

140,048

140,186

128,148

83,725

58,954

55,836

62,436

38,571

27,493

Cash And Cash Equivalents

0
0
0
-10,897
0
-23,982
-14,508
-21,252
-39,940
-54,616
-14,825
0
0
0
19,425
22,293
303
0
0
0
-3,499
0
16,208
44,678
39,314
22,924
50,860
68,675
37,241
21,420
37,124
60,610
52,284
30,030
30,844
69,729
90,415
48,207
63,955
29,035
36,309
35,467
7,524
9,250
13,637
29,294
13,194
12,357
14,344
23,968
74,478
99,732
141,084
119,092
201,209
258,442
234,925
173,760
88,993
88,802
41,741
31,509
48,510
70,410
81,981
72,715
120,138
97,368
79,122
58,591
45,092
65,163
85,098
60,281
44,586
47,097
50,700
53,450
54,571
60,442
38,197
58,049
46,819
47,172
52,795
51,466
41,425
51,978
46,657
80,980
50,585
55,791
64,126
505,085
465,947
232,916
505,264
536,036
310,855
389,332
179,246
121,575
73,666
69,249
150,417
73,837
68,608
102,505
89,642

89,642

102,505

68,608

73,837

150,417

69,249

73,666

121,575

179,246

389,332

310,855

536,036

505,264

232,916

465,947

505,085

64,126

55,791

50,585

80,980

46,657

51,978

41,425

51,466

52,795

47,172

46,819

58,049

38,197

60,442

54,571

53,450

50,700

47,097

44,586

60,281

85,098

65,163

45,092

58,591

79,122

97,368

120,138

72,715

81,981

70,410

48,510

31,509

41,741

88,802

88,993

173,760

234,925

258,442

201,209

119,092

141,084

99,732

74,478

23,968

14,344

12,357

13,194

29,294

13,637

9,250

7,524

35,467

36,309

29,035

63,955

48,207

90,415

69,729

30,844

30,030

52,284

60,610

37,124

21,420

37,241

68,675

50,860

22,924

39,314

44,678

16,208

-3,499

303

22,293

19,425

-14,825

-54,616

-39,940

-21,252

-14,508

-23,982

-10,897

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
104,700
62,200
62,200
0
0
1,600
1,600
1,600
1,700
5,700
5,700
0
0
900
900
100
100
100
100
0
1,400
500
100
21,800
21,800
22,000
22,700
24,200
27,200
30,600
28,711
31,300
38,400
38,815
39,789
42,947
40,166
40,936
45,950
34,097
20,095
19,863
88,781
85,830
46,555
36,820
69,995
69,356
72,191
61,066
48,274
52,459
54,763
50,818
0

50,818

54,763

52,459

48,274

61,066

72,191

69,356

69,995

36,820

46,555

85,830

88,781

19,863

20,095

34,097

45,950

40,936

40,166

42,947

39,789

38,815

38,400

31,300

28,711

30,600

27,200

24,200

22,700

22,000

21,800

100

500

1,400

100

900

5,700

1,700

1,600

62,200

104,700

Net Receivables

0
0
0
22,594
0
31,476
44,325
36,489
37,223
65,120
75,317
71,642
47,149
68,128
80,921
74,193
56,208
82,807
103,869
79,598
49,993
71,590
68,917
55,289
34,811
69,966
75,486
63,643
45,456
85,414
94,417
85,231
49,008
89,185
112,575
108,533
51,767
103,543
133,816
166,032
98,293
139,698
183,246
206,088
152,438
185,680
254,488
222,158
98,613
176,633
194,142
166,762
78,838
152,957
168,476
145,684
138,800
193,042
275,607
192,109
143,072
241,100
303,980
260,948
203,098
273,374
265,890
255,718
228,981
299,054
369,523
355,704
222,952
352,639
457,720
424,884
306,100
434,315
456,410
404,268
277,733
357,915
364,569
359,626
247,256
353,456
387,969
403,996
318,848
396,568
511,852
529,935
320,931
344,601
160,806
214,485
201,112
270,182
343,236
374,746
329,967
460,694
460,771
431,476
248,785
399,123
527,308
449,377
412,498

412,498

449,377

527,308

399,123

248,785

431,476

460,771

460,694

329,967

374,746

343,236

270,182

201,112

214,485

160,806

344,601

320,931

529,935

511,852

396,568

318,848

403,996

387,969

353,456

247,256

359,626

364,569

357,915

277,733

404,268

456,410

434,315

306,100

424,884

457,720

352,639

222,952

355,704

369,523

299,054

228,981

255,718

265,890

273,374

203,098

260,948

303,980

241,100

143,072

192,109

275,607

193,042

138,800

145,684

168,476

152,957

78,838

166,762

194,142

176,633

98,613

222,158

254,488

185,680

152,438

206,088

183,246

139,698

98,293

166,032

133,816

103,543

51,767

108,533

112,575

89,185

49,008

85,231

94,417

85,414

45,456

63,643

75,486

69,966

34,811

55,289

68,917

71,590

49,993

79,598

103,869

82,807

56,208

74,193

80,921

68,128

47,149

71,642

75,317

65,120

37,223

36,489

44,325

31,476

22,594

Other Current Assets

0
0
0
1,500
0
2,298
2,501
1,303
1,006
1,000
1,691
1,399
2,298
1,835
3,289
2,659
3,441
3,095
3,646
2,705
3,495
0
3,506
5,500
0
7,905
0
0
0
12,975
9,314
11,570
14,663
16,350
16,401
0
14,446
14,492
0
0
0
12,107
0
10,569
0
12,745
0
10,413
0
8,630
12,218
11,604
8,222
6,055
9,646
9,079
8,454
9,120
8,092
9,307
9,859
8,932
11,710
8,694
12,876
13,483
11,584
11,034
13,825
15,022
18,695
23,784
26,846
24,350
26,385
17,966
6,925
46,693
68,365
73,280
69,719
72,173
61,357
65,266
62,092
68,269
87,580
96,541
77,377
76,089
73,568
69,565
77,064
65,926
51,655
50,967
110,105
114,501
86,800
118,337
163,662
181,734
129,075
116,725
101,810
102,420
97,287
117,415
95,955

95,955

117,415

97,287

102,420

101,810

116,725

129,075

181,734

163,662

118,337

86,800

114,501

110,105

50,967

51,655

65,926

77,064

69,565

73,568

76,089

77,377

96,541

87,580

68,269

62,092

65,266

61,357

72,173

69,719

73,280

68,365

46,693

6,925

17,966

26,385

24,350

26,846

23,784

18,695

15,022

13,825

11,034

11,584

13,483

12,876

8,694

11,710

8,932

9,859

9,307

8,092

9,120

8,454

9,079

9,646

6,055

8,222

11,604

12,218

8,630

10,413

12,745

10,569

12,107

14,492

14,446

16,401

16,350

14,663

11,570

9,314

12,975

7,905

5,500

3,506

3,495

2,705

3,646

3,095

3,441

2,659

3,289

1,835

2,298

1,399

1,691

1,000

1,006

1,303

2,501

2,298

1,500

> Long-term Assets

0
0
0
17,595
0
23,482
25,615
31,376
38,431
47,414
50,642
54,955
59,835
64,305
71,132
82,293
95,167
92,817
104,878
101,784
109,052
111,977
128,664
136,311
142,790
157,673
178,559
182,264
192,528
199,068
203,308
214,604
238,287
248,609
260,849
269,397
274,739
291,717
299,796
317,001
336,338
365,472
387,550
408,616
524,098
531,289
531,962
541,026
534,097
528,107
513,854
502,443
516,494
554,143
561,713
565,861
588,250
618,492
972,354
1,001,277
979,475
978,143
996,866
980,837
983,660
999,947
1,005,441
1,062,939
1,096,419
1,156,174
1,209,594
1,345,640
1,407,390
1,534,589
1,563,390
1,572,157
1,580,700
1,578,368
1,606,411
1,643,947
1,649,619
1,716,039
1,694,964
1,678,895
1,672,824
1,656,078
1,655,068
1,648,587
1,621,685
1,677,818
1,693,253
1,696,210
1,696,897
1,591,083
1,540,481
1,519,197
1,476,475
1,452,694
1,449,269
1,467,904
1,689,449
1,696,240
1,720,718
1,710,016
1,713,262
1,738,990
1,751,927
1,764,855
1,827,337

1,827,337

1,764,855

1,751,927

1,738,990

1,713,262

1,710,016

1,720,718

1,696,240

1,689,449

1,467,904

1,449,269

1,452,694

1,476,475

1,519,197

1,540,481

1,591,083

1,696,897

1,696,210

1,693,253

1,677,818

1,621,685

1,648,587

1,655,068

1,656,078

1,672,824

1,678,895

1,694,964

1,716,039

1,649,619

1,643,947

1,606,411

1,578,368

1,580,700

1,572,157

1,563,390

1,534,589

1,407,390

1,345,640

1,209,594

1,156,174

1,096,419

1,062,939

1,005,441

999,947

983,660

980,837

996,866

978,143

979,475

1,001,277

972,354

618,492

588,250

565,861

561,713

554,143

516,494

502,443

513,854

528,107

534,097

541,026

531,962

531,289

524,098

408,616

387,550

365,472

336,338

317,001

299,796

291,717

274,739

269,397

260,849

248,609

238,287

214,604

203,308

199,068

192,528

182,264

178,559

157,673

142,790

136,311

128,664

111,977

109,052

101,784

104,878

92,817

95,167

82,293

71,132

64,305

59,835

54,955

50,642

47,414

38,431

31,376

25,615

23,482

17,595

Property Plant Equipment

0
0
0
15,496
0
21,184
22,913
27,467
33,803
41,813
45,469
47,661
51,344
57,067
63,967
73,023
89,050
86,715
98,672
96,052
100,425
107,417
125,701
131,847
138,774
154,560
175,013
178,619
189,032
195,641
199,984
211,480
234,555
234,478
250,475
260,344
265,687
282,541
293,313
302,973
317,832
348,669
367,854
377,617
414,491
423,755
426,742
436,516
434,222
429,752
422,127
414,538
431,608
464,472
471,704
479,292
494,303
515,387
533,600
565,398
553,857
555,122
564,203
552,437
564,886
593,253
600,742
655,869
695,357
756,734
812,364
873,726
935,610
993,569
1,027,869
1,040,219
1,044,389
1,045,957
1,073,205
1,080,713
1,076,883
1,068,691
1,052,273
1,038,490
1,035,818
1,024,294
1,017,606
1,016,437
990,475
1,046,840
1,068,252
1,076,260
1,068,519
1,061,544
1,011,588
994,592
956,245
938,838
941,697
966,600
1,077,520
1,091,768
1,120,366
1,137,810
1,193,127
1,222,235
1,239,593
1,255,423
1,255,962

1,255,962

1,255,423

1,239,593

1,222,235

1,193,127

1,137,810

1,120,366

1,091,768

1,077,520

966,600

941,697

938,838

956,245

994,592

1,011,588

1,061,544

1,068,519

1,076,260

1,068,252

1,046,840

990,475

1,016,437

1,017,606

1,024,294

1,035,818

1,038,490

1,052,273

1,068,691

1,076,883

1,080,713

1,073,205

1,045,957

1,044,389

1,040,219

1,027,869

993,569

935,610

873,726

812,364

756,734

695,357

655,869

600,742

593,253

564,886

552,437

564,203

555,122

553,857

565,398

533,600

515,387

494,303

479,292

471,704

464,472

431,608

414,538

422,127

429,752

434,222

436,516

426,742

423,755

414,491

377,617

367,854

348,669

317,832

302,973

293,313

282,541

265,687

260,344

250,475

234,478

234,555

211,480

199,984

195,641

189,032

178,619

175,013

154,560

138,774

131,847

125,701

107,417

100,425

96,052

98,672

86,715

89,050

73,023

63,967

57,067

51,344

47,661

45,469

41,813

33,803

27,467

22,913

21,184

15,496

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
65,852
65,852
64,888
63,904
6,709
6,693
6,709
6,709
6,709
6,709
10,035
10,035
10,197
10,197
16,012
150,288
153,219
141,933
141,933
141,933
141,933
145,991
145,991
148,499
150,099
150,099
150,099
150,099
176,445
176,445
188,211
188,211
188,777
190,600
190,626
190,983
199,081
202,108
218,806
221,082
225,704
226,571
226,670
226,670
226,670
227,362
227,495
227,865
227,865
227,865
206,636
206,636
206,636
206,636
206,636
206,636
206,636
283,815
283,815
283,815
269,923
271,677
271,677
271,677
271,677
271,677

271,677

269,923

283,815

206,636

227,865

227,495

227,362

226,670

226,571

225,704

221,082

218,806

202,108

199,081

190,983

190,626

190,600

188,777

188,211

176,445

150,099

148,499

145,991

141,933

153,219

150,288

16,012

10,197

10,035

6,709

6,693

6,709

63,904

64,888

65,852

Intangible Assets

0
0
0
100
0
100
0
100
0
0
0
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
9,522
9,347
9,187
9,015
2,024
65,700
64,900
63,900
59,954
59,017
58,355
57,556
56,757
55,957
55,158
54,359
61,321
59,849
58,822
259,171
256,467
258,041
257,619
267,432
259,981
258,075
254,466
250,700
247,537
243,536
241,264
238,594
287,353
284,765
343,527
339,099
335,421
336,800
332,198
334,825
355,454
354,221
419,034
413,410
406,846
401,605
396,175
401,276
397,160
393,573
388,889
386,488
384,286
383,864
304,881
300,845
296,235
289,901
285,611
281,627
278,011
306,630
303,455
300,129
296,545
229,951
227,319
225,656
223,065
261,419

261,419

223,065

225,656

227,319

229,951

296,545

300,129

303,455

306,630

278,011

281,627

285,611

289,901

296,235

300,845

304,881

383,864

384,286

386,488

388,889

393,573

397,160

401,276

396,175

401,605

406,846

413,410

419,034

354,221

355,454

334,825

332,198

336,800

335,421

339,099

343,527

284,765

287,353

238,594

241,264

243,536

247,537

250,700

254,466

258,075

259,981

267,432

257,619

258,041

256,467

259,171

58,822

59,849

61,321

54,359

55,158

55,957

56,757

57,556

58,355

59,017

59,954

63,900

64,900

65,700

2,024

9,015

9,187

9,347

9,522

100

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
7,169
0
6,148
0
6,203
5,749
0
0
2,963
0
0
0
3,546
3,644
3,520
0
0
3,127
0
0
0
9,063
9,041
9,162
6,475
0
0
16,810
0
0
0
107,596
0
104,510
0
98,355
91,727
87,905
84,886
89,671
90,009
86,569
93,947
103,105
438,754
435,879
425,618
423,021
432,663
428,400
418,774
406,694
404,699
407,070
401,062
399,440
397,230
4,108
471,780
541,020
535,521
7,740
8,898
532,411
533,206
563,234
572,736
647,348
642,691
640,405
637,006
8,939
9,516
8,320
10,275
9,240
6,439
4,524
16,649
18,022
21,412
21,734
23,693
21,609
19,309
16,657
21,484
17,202
16,408
5,738
18,389
17,712
7,484
3,925
0

3,925

7,484

17,712

18,389

5,738

16,408

17,202

21,484

16,657

19,309

21,609

23,693

21,734

21,412

18,022

16,649

4,524

6,439

9,240

10,275

8,320

9,516

8,939

637,006

640,405

642,691

647,348

572,736

563,234

533,206

532,411

8,898

7,740

535,521

541,020

471,780

4,108

397,230

399,440

401,062

407,070

404,699

406,694

418,774

428,400

432,663

423,021

425,618

435,879

438,754

103,105

93,947

86,569

90,009

89,671

84,886

87,905

91,727

98,355

104,510

107,596

16,810

6,475

9,162

9,041

9,063

3,127

3,520

3,644

3,546

2,963

5,749

6,203

6,148

7,169

> Total Liabilities

0
0
0
33,791
0
49,963
55,432
52,227
62,072
89,727
90,440
99,320
98,993
114,032
131,532
131,295
134,738
155,993
182,612
171,085
163,543
161,564
144,245
142,863
142,145
151,595
159,070
163,875
158,929
165,821
147,999
161,247
157,532
165,500
156,388
171,383
166,686
168,901
154,628
187,240
163,154
220,821
196,584
203,904
296,924
317,314
308,400
282,631
219,293
292,477
259,642
164,351
152,238
178,114
207,364
195,705
189,516
335,892
700,351
550,844
548,736
579,469
594,987
470,096
472,123
488,404
401,925
324,225
381,248
456,260
471,739
569,511
766,090
936,710
907,923
782,140
645,800
879,515
1,066,540
1,028,104
870,497
1,060,803
995,200
1,021,185
929,330
1,106,483
1,238,178
1,227,911
1,068,524
1,324,082
1,456,432
1,435,380
1,376,576
2,052,150
1,841,311
1,480,582
1,462,051
1,445,255
1,107,804
1,186,728
1,217,277
1,492,418
1,492,061
1,581,687
1,558,052
1,729,201
1,718,076
1,579,337
1,557,416

1,557,416

1,579,337

1,718,076

1,729,201

1,558,052

1,581,687

1,492,061

1,492,418

1,217,277

1,186,728

1,107,804

1,445,255

1,462,051

1,480,582

1,841,311

2,052,150

1,376,576

1,435,380

1,456,432

1,324,082

1,068,524

1,227,911

1,238,178

1,106,483

929,330

1,021,185

995,200

1,060,803

870,497

1,028,104

1,066,540

879,515

645,800

782,140

907,923

936,710

766,090

569,511

471,739

456,260

381,248

324,225

401,925

488,404

472,123

470,096

594,987

579,469

548,736

550,844

700,351

335,892

189,516

195,705

207,364

178,114

152,238

164,351

259,642

292,477

219,293

282,631

308,400

317,314

296,924

203,904

196,584

220,821

163,154

187,240

154,628

168,901

166,686

171,383

156,388

165,500

157,532

161,247

147,999

165,821

158,929

163,875

159,070

151,595

142,145

142,863

144,245

161,564

163,543

171,085

182,612

155,993

134,738

131,295

131,532

114,032

98,993

99,320

90,440

89,727

62,072

52,227

55,432

49,963

33,791

> Total Current Liabilities

0
0
0
15,696
0
25,681
36,121
34,083
36,720
41,412
42,484
44,064
40,456
45,632
46,254
47,577
50,494
58,432
65,935
67,804
56,964
56,191
59,843
57,641
57,936
64,378
85,906
89,798
79,536
84,571
87,084
95,277
87,275
98,188
103,752
112,771
106,467
109,490
113,784
145,716
124,527
138,216
129,498
123,321
129,453
135,676
162,471
205,852
144,755
140,820
143,921
139,003
127,205
154,193
184,724
191,229
185,014
222,357
304,871
315,269
204,393
206,808
253,013
256,442
259,213
238,476
241,017
289,414
287,115
275,528
301,053
374,671
332,390
284,493
279,237
295,060
233,200
255,162
287,609
302,349
235,928
252,901
251,273
275,143
258,476
288,961
293,822
309,086
346,985
317,552
379,523
407,556
422,404
389,064
361,314
367,290
359,606
349,177
413,107
489,443
463,603
497,191
525,043
670,486
641,673
614,254
596,158
722,826
724,090

724,090

722,826

596,158

614,254

641,673

670,486

525,043

497,191

463,603

489,443

413,107

349,177

359,606

367,290

361,314

389,064

422,404

407,556

379,523

317,552

346,985

309,086

293,822

288,961

258,476

275,143

251,273

252,901

235,928

302,349

287,609

255,162

233,200

295,060

279,237

284,493

332,390

374,671

301,053

275,528

287,115

289,414

241,017

238,476

259,213

256,442

253,013

206,808

204,393

315,269

304,871

222,357

185,014

191,229

184,724

154,193

127,205

139,003

143,921

140,820

144,755

205,852

162,471

135,676

129,453

123,321

129,498

138,216

124,527

145,716

113,784

109,490

106,467

112,771

103,752

98,188

87,275

95,277

87,084

84,571

79,536

89,798

85,906

64,378

57,936

57,641

59,843

56,191

56,964

67,804

65,935

58,432

50,494

47,577

46,254

45,632

40,456

44,064

42,484

41,412

36,720

34,083

36,121

25,681

15,696

Short-term Debt

0
0
0
1,700
0
2,998
6,704
2,205
3,421
4,201
4,676
4,696
4,795
4,903
4,904
4,868
4,877
4,499
4,406
4,068
3,968
3,969
4,489
3,938
3,915
3,556
20,302
19,295
19,280
19,104
18,616
18,592
19,674
19,710
19,763
23,814
23,864
23,730
23,588
25,345
25,004
24,939
7,421
3,689
4,602
4,127
3,762
3,556
3,043
2,898
2,768
2,803
1,983
698
58
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
462,000
375,000
0
0
0
600,000
771,000
705,000
705,000
630,000
775,000
900,000
0
0
13,328
13,031
13,106
14,518
15,844
15,553
15,204
15,884
14,672
13,724
14,679
15,290
14,550
14,598
163,442
163,828
165,405
164,445
315,234
314,161

314,161

315,234

164,445

165,405

163,828

163,442

14,598

14,550

15,290

14,679

13,724

14,672

15,884

15,204

15,553

15,844

14,518

13,106

13,031

13,328

900,000

775,000

630,000

705,000

771,000

600,000

375,000

462,000

698

1,983

2,803

2,768

2,898

3,043

3,556

3,762

4,127

4,602

3,689

7,421

24,939

25,004

25,345

23,588

23,730

23,864

23,814

19,763

19,710

19,674

18,592

18,616

19,104

19,280

19,295

20,302

3,556

3,915

3,938

4,489

3,969

3,968

4,068

4,406

4,499

4,877

4,868

4,904

4,903

4,795

4,696

4,676

4,201

3,421

2,205

6,704

2,998

1,700

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
462,000
375,000
0
0
0
600,000
771,000
705,000
705,000
630,000
775,000
900,000
0
0
13,328
0
0
2,059
0
0
0
0
0
0
0
0
0
0
150,000
150,000
150,000
150,000
300,000
300,000

300,000

150,000

2,059

13,328

900,000

775,000

630,000

705,000

771,000

600,000

375,000

462,000

Accounts payable

0
0
0
12,896
0
22,783
28,316
29,672
31,187
35,911
33,828
35,871
31,666
37,625
38,930
39,182
41,769
49,133
53,861
62,270
51,026
49,989
52,422
51,774
52,139
60,149
61,573
66,632
56,267
63,291
64,713
74,721
65,241
76,313
81,585
86,753
80,325
83,547
86,676
118,099
98,125
113,041
120,026
116,683
119,222
123,364
149,473
155,669
124,358
122,975
130,063
124,378
125,222
153,495
184,666
186,205
172,284
220,168
299,367
315,269
195,217
206,808
253,013
256,442
247,799
238,476
241,017
289,414
273,951
275,528
301,053
374,671
316,299
284,493
279,237
295,060
210,240
253,405
286,421
293,112
234,062
247,865
251,273
274,615
258,476
288,961
293,822
309,086
346,985
251,789
298,881
316,401
406,631
342,602
345,761
352,086
343,722
334,505
398,392
469,365
440,401
439,438
504,667
503,032
471,208
408,377
419,349
407,450
408,294

408,294

407,450

419,349

408,377

471,208

503,032

504,667

439,438

440,401

469,365

398,392

334,505

343,722

352,086

345,761

342,602

406,631

316,401

298,881

251,789

346,985

309,086

293,822

288,961

258,476

274,615

251,273

247,865

234,062

293,112

286,421

253,405

210,240

295,060

279,237

284,493

316,299

374,671

301,053

275,528

273,951

289,414

241,017

238,476

247,799

256,442

253,013

206,808

195,217

315,269

299,367

220,168

172,284

186,205

184,666

153,495

125,222

124,378

130,063

122,975

124,358

155,669

149,473

123,364

119,222

116,683

120,026

113,041

98,125

118,099

86,676

83,547

80,325

86,753

81,585

76,313

65,241

74,721

64,713

63,291

56,267

66,632

61,573

60,149

52,139

51,774

52,422

49,989

51,026

62,270

53,861

49,133

41,769

39,182

38,930

37,625

31,666

35,871

33,828

35,911

31,187

29,672

28,316

22,783

12,896

Other Current Liabilities

0
0
0
1,100
0
-100
1,101
2,205
2,113
1,300
3,980
3,497
3,996
3,104
2,420
3,527
3,849
4,801
7,668
1,466
1,971
2,233
2,932
1,930
1,881
673
4,030
3,871
3,989
2,176
3,756
1,964
2,360
2,165
2,405
2,204
2,277
2,213
3,520
2,271
1,398
237
2,051
2,949
5,629
8,185
9,237
46,627
17,354
14,947
11,090
11,822
125,217
153,502
184,642
5,024
12,730
2,189
5,504
298,000
9,176
206,808
253,013
10,849
11,414
0
0
13,164
13,164
275,500
301,100
368,700
16,091
0
0
13,515
2,482
1,757
1,188
9,237
1,866
5,036
251,300
528
2,644
289,000
293,800
8,159
14,442
304,224
366,492
394,450
1,255
30,251
345,761
28,241
6,709
14,545
991
5,399
7,912
31,966
5,778
4,012
6,637
40,472
12,364
142
1,635

1,635

142

12,364

40,472

6,637

4,012

5,778

31,966

7,912

5,399

991

14,545

6,709

28,241

345,761

30,251

1,255

394,450

366,492

304,224

14,442

8,159

293,800

289,000

2,644

528

251,300

5,036

1,866

9,237

1,188

1,757

2,482

13,515

16,091

368,700

301,100

275,500

13,164

11,414

10,849

253,013

206,808

9,176

298,000

5,504

2,189

12,730

5,024

184,642

153,502

125,217

11,822

11,090

14,947

17,354

46,627

9,237

8,185

5,629

2,949

2,051

237

1,398

2,271

3,520

2,213

2,277

2,204

2,405

2,165

2,360

1,964

3,756

2,176

3,989

3,871

4,030

673

1,881

1,930

2,932

2,233

1,971

1,466

7,668

4,801

3,849

3,527

2,420

3,104

3,996

3,497

3,980

1,300

2,113

2,205

1,101

-100

1,100

> Long-term Liabilities

0
0
0
18,095
0
24,282
19,311
18,144
25,352
48,315
47,956
55,255
58,536
68,400
85,278
83,718
84,244
97,560
116,677
103,281
106,578
105,373
84,403
85,222
84,209
87,217
73,164
74,076
79,392
81,250
60,915
65,970
70,257
67,313
52,635
58,613
60,219
59,411
40,844
41,525
38,627
82,605
67,086
80,583
167,471
181,638
145,929
76,779
74,538
151,657
115,721
25,348
25,033
23,921
22,640
4,476
4,502
113,535
395,480
235,575
344,343
372,661
341,974
213,654
212,910
249,928
160,908
34,811
94,133
180,732
170,686
194,840
433,700
652,217
628,686
487,080
412,600
624,353
778,931
725,755
634,569
807,902
743,927
746,042
670,854
817,522
944,356
918,825
721,539
1,006,530
1,076,909
1,027,824
954,172
1,663,086
1,479,997
1,113,292
1,102,445
1,096,078
694,697
697,285
753,674
995,227
967,018
911,201
916,379
1,114,947
1,121,918
856,511
833,326

833,326

856,511

1,121,918

1,114,947

916,379

911,201

967,018

995,227

753,674

697,285

694,697

1,096,078

1,102,445

1,113,292

1,479,997

1,663,086

954,172

1,027,824

1,076,909

1,006,530

721,539

918,825

944,356

817,522

670,854

746,042

743,927

807,902

634,569

725,755

778,931

624,353

412,600

487,080

628,686

652,217

433,700

194,840

170,686

180,732

94,133

34,811

160,908

249,928

212,910

213,654

341,974

372,661

344,343

235,575

395,480

113,535

4,502

4,476

22,640

23,921

25,033

25,348

115,721

151,657

74,538

76,779

145,929

181,638

167,471

80,583

67,086

82,605

38,627

41,525

40,844

59,411

60,219

58,613

52,635

67,313

70,257

65,970

60,915

81,250

79,392

74,076

73,164

87,217

84,209

85,222

84,403

105,373

106,578

103,281

116,677

97,560

84,244

83,718

85,278

68,400

58,536

55,255

47,956

48,315

25,352

18,144

19,311

24,282

18,095

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
669,000
959,175
1,026,721
976,264
911,982
1,622,478
1,437,634
1,068,065
1,066,580
1,062,883
659,706
661,093
693,812
936,314
907,020
849,460
860,162
1,062,101
1,074,109
805,389
0

805,389

1,074,109

1,062,101

860,162

849,460

907,020

936,314

693,812

661,093

659,706

1,062,883

1,066,580

1,068,065

1,437,634

1,622,478

911,982

976,264

1,026,721

959,175

669,000

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,072
28,741
34,111
32,654
35,910
35,928
35,908
34,811
30,133
30,885
31,246
37,491
34,700
34,081
34,662
25,080
37,616
40,343
38,045
32,966
34,569
36,902
36,157
38,947
37,141
42,522
44,356
47,825
52,539
47,355
50,188
51,560
42,190
40,608
42,363
45,227
35,865
33,195
34,991
36,192
59,862
58,913
59,998
61,741
56,217
0
47,809
51,122
0

51,122

47,809

56,217

61,741

59,998

58,913

59,862

36,192

34,991

33,195

35,865

45,227

42,363

40,608

42,190

51,560

50,188

47,355

52,539

47,825

44,356

42,522

37,141

38,947

36,157

36,902

34,569

32,966

38,045

40,343

37,616

25,080

34,662

34,081

34,700

37,491

31,246

30,885

30,133

34,811

35,908

35,928

35,910

32,654

34,111

28,741

28,072

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
349
0
0
0
349
0
0
0
0
0
0
0
0
0
0
0
0
3,713
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

3,713

349

> Total Stockholder Equity

0
0
0
11,297
0
12,091
32,619
34,985
35,312
41,412
88,350
95,822
100,890
109,789
121,087
131,157
134,872
140,551
157,045
126,096
126,983
137,875
164,103
170,069
175,938
204,193
246,814
261,667
265,563
283,206
309,752
327,265
335,965
354,249
390,785
420,122
438,467
470,499
513,633
531,084
546,712
568,640
620,765
663,650
694,068
734,475
789,793
812,333
815,017
824,776
867,421
910,785
941,837
992,884
1,059,900
1,114,429
1,145,363
1,095,334
1,181,571
1,327,315
1,258,022
1,275,026
1,344,245
1,426,341
1,449,543
1,515,821
1,626,083
1,719,426
1,742,900
1,813,840
1,918,466
2,023,533
1,882,172
1,928,829
2,025,570
2,129,237
2,188,443
2,095,168
2,040,094
2,092,094
2,119,647
2,091,539
2,095,166
2,069,202
2,051,375
2,011,400
1,903,574
1,947,097
1,936,072
1,915,648
1,881,374
1,962,617
1,834,494
1,642,754
1,410,279
1,475,555
1,558,897
1,664,567
1,803,051
1,889,012
1,919,405
1,857,337
1,863,193
1,858,311
1,882,162
1,899,938
1,953,756
1,992,981
1,957,457

1,957,457

1,992,981

1,953,756

1,899,938

1,882,162

1,858,311

1,863,193

1,857,337

1,919,405

1,889,012

1,803,051

1,664,567

1,558,897

1,475,555

1,410,279

1,642,754

1,834,494

1,962,617

1,881,374

1,915,648

1,936,072

1,947,097

1,903,574

2,011,400

2,051,375

2,069,202

2,095,166

2,091,539

2,119,647

2,092,094

2,040,094

2,095,168

2,188,443

2,129,237

2,025,570

1,928,829

1,882,172

2,023,533

1,918,466

1,813,840

1,742,900

1,719,426

1,626,083

1,515,821

1,449,543

1,426,341

1,344,245

1,275,026

1,258,022

1,327,315

1,181,571

1,095,334

1,145,363

1,114,429

1,059,900

992,884

941,837

910,785

867,421

824,776

815,017

812,333

789,793

734,475

694,068

663,650

620,765

568,640

546,712

531,084

513,633

470,499

438,467

420,122

390,785

354,249

335,965

327,265

309,752

283,206

265,563

261,667

246,814

204,193

175,938

170,069

164,103

137,875

126,983

126,096

157,045

140,551

134,872

131,157

121,087

109,789

100,890

95,822

88,350

41,412

35,312

34,985

32,619

12,091

11,297

Common Stock

0
0
0
0
0
0
0
0
0
26,400
66,600
66,200
67,500
67,400
66,500
66,100
66,898
63,700
66,300
63,831
63,360
63,952
68,226
66,500
67,700
73,700
82,100
83,000
75,800
77,000
77,121
78,200
78,600
81,900
83,200
84,200
85,000
85,600
85,800
86,600
86,953
87,400
87,700
88,061
88,500
88,800
89,100
89,400
90,400
92,439
92,875
93,042
93,537
94,600
96,200
97,000
98,300
98,768
102,430
100,436
104,922
105,096
104,510
101,113
98,836
99,661
104,154
107,867
99,352
103,028
107,103
124,595
108,225
113,338
123,431
138,863
150,497
147,943
146,174
152,642
152,313
150,430
151,653
150,226
159,170
158,147
153,374
153,107
159,858
168,492
169,631
170,029
174,218
173,849
174,604
177,010
183,938
186,184
189,278
186,475
191,732
192,412
189,172
186,229
202,329
220,987
218,968
222,756
271,213

271,213

222,756

218,968

220,987

202,329

186,229

189,172

192,412

191,732

186,475

189,278

186,184

183,938

177,010

174,604

173,849

174,218

170,029

169,631

168,492

159,858

153,107

153,374

158,147

159,170

150,226

151,653

150,430

152,313

152,642

146,174

147,943

150,497

138,863

123,431

113,338

108,225

124,595

107,103

103,028

99,352

107,867

104,154

99,661

98,836

101,113

104,510

105,096

104,922

100,436

102,430

98,768

98,300

97,000

96,200

94,600

93,537

93,042

92,875

92,439

90,400

89,400

89,100

88,800

88,500

88,061

87,700

87,400

86,953

86,600

85,800

85,600

85,000

84,200

83,200

81,900

78,600

78,200

77,121

77,000

75,800

83,000

82,100

73,700

67,700

66,500

68,226

63,952

63,360

63,831

66,300

63,700

66,898

66,100

66,500

67,400

67,500

66,200

66,600

26,400

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

0
0
0
0
0
0
0
0
0
0
0
200
200
223
218
215
215
205
214
205
203
203
213
203
205
220
240
239
26,292
26,661
26,269
26,902
27,079
27,334
27,564
27,815
26,282
26,290
26,277
26,274
26,234
26,237
26,204
26,248
26,323
26,233
26,246
26,248
26,187
26,248
26,248
26,248
28,055
27,474
27,963
24,538
26,171
24,531
25,902
25,572
-57
-1,986
-3,539
-7,075
-6,328
-3,971
-4,050
-656
-2,133
-1,768
-2,930
-7,732
-6,408
-3,697
-76
-7,575
2,200
-7,215
16,651
24,837
40,611
35,271
15,321
9,793
13,540
17,066
27,851
23,528
3,382
9,187
-8,543
-11,516
-535
-36,680
-19,905
-12,118
-9,038
-8,939
2,387
44,465
64,809
87,995
68,589
28,148
9,845
15,155
16,692
28,756
13,650

13,650

28,756

16,692

15,155

9,845

28,148

68,589

87,995

64,809

44,465

2,387

-8,939

-9,038

-12,118

-19,905

-36,680

-535

-11,516

-8,543

9,187

3,382

23,528

27,851

17,066

13,540

9,793

15,321

35,271

40,611

24,837

16,651

-7,215

2,200

-7,575

-76

-3,697

-6,408

-7,732

-2,930

-1,768

-2,133

-656

-4,050

-3,971

-6,328

-7,075

-3,539

-1,986

-57

25,572

25,902

24,531

26,171

24,538

27,963

27,474

28,055

26,248

26,187

26,248

26,246

26,233

26,323

26,248

26,204

26,237

26,234

26,274

26,277

26,290

26,282

27,815

27,564

27,334

27,079

26,902

26,269

26,661

26,292

239

240

220

205

203

213

203

205

214

205

215

218

223

200

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
32,490
34,274
41,437
48,158
32,769
29,831
29,914
28,642
24,936
31,430
39,670
52,672
58,128
58,979
67,985
76,693
79,489
59,139
67,797
73,598
0

73,598

67,797

59,139

79,489

76,693

67,985

58,979

58,128

52,672

39,670

31,430

24,936

28,642

29,914

29,831

32,769

48,158

41,437

34,274

32,490

Treasury Stock

Other Stockholders Equity

0
0
0
5,199
0
5,196
23,914
22,856
22,636
-92
-238
200
200
200
300
200
66,559
200
200
63,641
63,361
64,080
68,213
200
67,448
73,901
81,636
82,507
75,250
77,037
519
78,092
78,433
81,822
83,330
84,089
87,024
87,886
88,329
89,036
89,737
90,460
90,893
92,014
93,235
94,052
95,048
96,105
96,897
5,461
6,164
6,976
7,749
104,149
105,989
107,127
109,671
-98,768
-102,430
116,962
13,593
14,823
16,700
25,579
25,872
27,878
28,886
28,869
33,810
34,985
34,082
20,778
29,971
28,855
28,263
16,718
1,093
23,963
27,386
19,882
23,198
27,320
29,794
32,982
25,208
28,426
32,654
38,555
32,490
34,274
41,437
48,158
32,769
29,831
29,914
28,642
24,936
31,430
39,670
52,672
58,128
58,979
67,985
76,693
79,489
59,139
67,797
73,598
61,363

61,363

73,598

67,797

59,139

79,489

76,693

67,985

58,979

58,128

52,672

39,670

31,430

24,936

28,642

29,914

29,831

32,769

48,158

41,437

34,274

32,490

38,555

32,654

28,426

25,208

32,982

29,794

27,320

23,198

19,882

27,386

23,963

1,093

16,718

28,263

28,855

29,971

20,778

34,082

34,985

33,810

28,869

28,886

27,878

25,872

25,579

16,700

14,823

13,593

116,962

-102,430

-98,768

109,671

107,127

105,989

104,149

7,749

6,976

6,164

5,461

96,897

96,105

95,048

94,052

93,235

92,014

90,893

90,460

89,737

89,036

88,329

87,886

87,024

84,089

83,330

81,822

78,433

78,092

519

77,037

75,250

82,507

81,636

73,901

67,448

200

68,213

64,080

63,361

63,641

200

66,559

200

300

200

-238

-92

22,636

22,856

23,914

5,196

5,199

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	2016-01-03	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
Accounts Payable	408,294	471,208	440,401	343,722	406,631	346,985	258,476	234,062	210,240	295,060	374,671	289,414	256,442	315,269	186,205	124,378	155,669	116,683	118,099	86,753	74,721	66,632	51,774	62,270	39,182	35,871	29,672	12,896
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
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
Accumulated Other Comprehensive Income	13,650	9,845	64,809	-9,038	-535	3,382	13,540	40,611	2,200	-7,575	-7,732	-656	-7,075	25,572	24,538	26,248	26,248	26,248	26,274	27,815	26,902	239	203	205	215	200	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
Capital Lease Obligations	98,061	93,990	109,102	82,464	81,500	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	271,213	202,329	191,732	183,938	174,218	159,858	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	79,489	58,128	24,936	32,769	32,490	25,208	23,198	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	89,642	150,417	179,246	505,264	64,126	46,657	52,795	38,197	50,700	47,097	65,163	97,368	70,410	88,802	258,442	99,732	12,357	9,250	29,035	69,729	60,610	68,675	44,678	0	22,293	0	-21,252	-10,897
Cash And Equivalents	0	150,417	179,246	505,264	64,126	46,657	52,795	38,197	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	89,642	150,417	179,246	505,264	64,126	46,657	52,795	38,197	-	47,097	65,163	97,368	70,410	88,802	258,442	99,732	12,357	9,250	29,035	69,729	60,610	68,675	44,678	0	22,293	0	-21,252	-10,897
Common Stock	271,213	202,329	191,732	183,938	174,218	159,858	159,170	152,313	150,497	138,863	124,595	107,867	101,113	100,436	97,000	93,042	89,400	88,061	86,600	84,177	78,170	83,000	66,500	63,831	66,100	66,200	0	0
Common Stock Shares Outstanding	176,224	184,532	197,595	198,361	204,609	211,310	225,052	235,808	-	244,321	246,358	245,416	244,136	244,566	243,960	242,870	243,244	243,077	243,238	239,182	237,556	239,109	238,441	217,558	236,896	193,838	130,148	116,587
Common Stock Total Equity	0	0	0	183,938	174,218	159,858	159,170	152,313	150,500	138,863	124,600	107,900	101,113	100,400	97,000	93,000	89,400	0	86,600	84,200	78,200	83,000	66,500	0	66,100	66,200	0	0
Current Deferred Revenue	0	0	0	-26,186	9,917	12,623	0	2,793,000	-	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
Deferred Long Term Liab	0	0	0	0	0	0	3,713	0	-	0	349	349	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	271,677	271,677	283,815	206,636	227,865	227,362	226,571	202,108	190,600	188,777	176,445	150,099	141,933	153,219	10,197	6,709	6,709	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	261,419	229,951	306,630	289,901	383,864	393,573	401,605	354,221	336,800	335,421	287,353	247,537	259,981	256,467	61,321	56,757	59,954	2,024	9,522	0	0	0	0	0	0	100	100	100
Inventory	1,089,441	1,225,940	774,358	727,992	1,052,052	940,029	945,738	954,876	851,000	826,781	779,407	595,794	553,068	575,594	332,542	301,867	316,172	239,963	200,849	134,721	116,498	102,510	71,183	113,095	81,014	67,146	39,296	14,296
Liabilities And Stockholders Equity	3,514,873	3,440,214	3,136,682	3,020,948	3,211,070	3,004,596	2,980,705	2,990,144	-	2,911,377	2,593,044	2,043,651	1,896,437	1,889,721	1,321,192	1,082,408	1,102,126	874,486	723,984	596,894	488,513	425,542	312,932	297,181	262,452	195,142	87,212	45,088
Long Term Debt	685,000	780,000	600,000	1,000,000	845,000	669,000	630,000	600,000	375,000	462,000	157,000	157,000	181,000	209,000	0	1,584	49,448	55,971	12,041	27,288	37,979	53,533	72,384	97,453	79,907	0	0	0
Long Term Debt Total	0	860,162	693,812	1,066,580	911,982	669,000	630,000	600,000	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
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
Net Debt	993,419	873,573	529,856	577,200	862,374	622,343	577,205	561,803	-	414,903	91,837	-97,368	110,590	120,198	-258,442	-95,345	40,647	50,410	8,362	-18,656	-4,078	4,179	31,637	101,230	62,865	57,953	39,697	28,492
Net Invested Capital	2,942,457	2,812,162	2,519,405	2,558,897	2,679,494	2,605,072	2,681,375	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	412,498	248,785	329,967	201,112	320,931	318,848	247,256	277,733	306,132	424,884	355,704	255,718	260,948	192,109	145,684	166,762	222,158	206,088	166,032	108,533	85,231	63,643	55,289	79,598	74,193	71,642	36,489	22,594
Net Tangible Assets	0	1,380,534	1,328,960	1,062,360	1,222,765	1,315,137	1,423,199	1,563,318	1,661,064	1,605,039	1,559,735	1,321,790	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	963,446	1,085,279	983,630	1,184,867	1,091,769	1,035,926	1,049,405	1,104,597	-	1,044,160	872,733	691,298	659,158	573,175	564,102	440,962	355,248	342,549	261,268	214,726	178,632	153,479	118,980	127,593	132,582	96,122	21,753	11,797
Non Current Assets Total	1,827,337	1,713,262	1,689,449	1,476,475	1,696,897	1,621,685	1,672,824	1,649,619	-	1,572,157	1,345,640	1,062,939	980,837	1,001,277	565,861	502,443	541,026	408,616	317,001	269,397	214,604	182,264	136,311	101,784	82,293	54,955	31,376	17,595
Non Current Liabilities Other	0	56,217	59,862	35,865	42,190	39,916	37,141	34,569	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	833,326	916,379	753,674	1,102,445	954,172	721,539	670,854	634,569	-	487,080	194,840	34,811	213,654	235,575	4,476	25,348	76,779	80,583	41,525	58,613	65,970	74,076	85,222	103,281	83,718	55,255	18,144	18,095
Non Currrent Assets Other	1,511	2,389	3,369	4,569	3,799	10,275	8,830	14,907	8,900	5,990	8,116	7,991	10,989	26,193	15,051	16,529	28,564	18,036	4,505	9,054	3,124	3,645	4,464	5,732	9,271	7,194	3,809	1,999
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
Other Assets	0	18,389	21,484	23,693	16,649	10,275	8,830	16,407	8,898	7,740	4,108	6,034	13,851	25,073	14,098	23,185	36,099	26,724	0	7,930	0	3,644	0	5,749	0	0	0	0
Other Current Assets	95,955	101,810	163,662	110,105	77,064	77,377	62,092	69,719	6,925	17,966	23,784	11,034	8,694	9,307	9,079	11,604	10,413	10,569	0	0	11,570	0	5,472	2,705	2,659	1,399	1,303	1,500
Other Current Liab	1,635	6,637	7,912	26,186	1,255	-12,623	2,644	1,866	2,482	13,515	374,700	289,400	0	315,300	5,024	11,822	46,627	2,949	2,271	2,204	1,964	3,871	1,930	1,466	3,527	3,497	2,205	1,100
Other Liab	0	56,217	59,862	35,865	42,190	52,539	40,854	34,569	37,616	25,080	37,491	34,811	32,654	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	61,363	79,489	58,128	24,936	32,769	32,490	25,208	23,198	1,093	16,718	20,778	28,869	25,579	16,526	107,127	6,976	96,105	92,014	89,036	84,089	78,092	82,507	66,113	63,641	66,144	66,546	22,856	5,199
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	2,483,941	1,193,127	1,077,520	956,245	1,068,519	990,475	1,035,818	1,076,883	1,044,400	1,040,219	873,700	655,900	552,437	565,400	479,300	414,500	436,500	377,617	302,700	260,600	211,700	179,800	132,600	96,052	73,000	47,500	0	0
Property Plant And Equipment Net	1,255,962	1,193,127	1,077,520	956,245	1,068,519	990,475	1,035,818	1,076,883	-	1,040,219	873,726	655,869	552,437	565,398	479,292	414,538	436,516	377,617	302,973	260,344	211,480	178,619	131,847	96,052	73,023	47,661	27,467	15,496
Property Plant Equipment	0	1,193,127	1,077,520	956,245	1,068,519	990,475	1,035,818	1,076,883	1,044,389	1,040,219	873,726	655,869	552,437	565,398	479,292	414,538	436,516	377,617	302,677	260,615	211,693	178,536	131,859	96,339	72,675	0	0	0
Retained Earnings	1,611,231	1,590,499	1,604,736	1,359,061	1,628,042	1,740,342	1,853,457	1,903,525	2,022,846	1,981,231	1,885,892	1,583,346	1,306,724	1,184,781	982,764	784,519	689,980	545,388	415,775	308,218	222,272	178,921	103,752	62,250	64,798	29,076	12,130	6,098
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
Short Long Term Debt	300,000	150,000	0	0	2,059	521	630,000	600,000	375,000	462,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,083,061	1,023,990	709,102	1,082,464	926,500	669,000	630,000	600,000	375,000	462,000	157,000	0	181,000	209,000	0	4,387	53,004	59,660	37,398	51,074	56,532	72,854	76,315	101,230	85,158	57,953	18,445	17,595
Short Term Debt	314,161	163,828	15,290	15,884	14,518	521	630,000	600,000	375,000	462,000	0	0	0	0	0	2,803	3,556	3,689	25,345	23,814	18,592	19,295	3,938	4,068	4,868	4,696	2,205	1,700
Short Term Investments	0	48,274	69,995	88,781	45,950	39,789	28,711	22,722	100	100	100	900	0	1,600	62,200	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
Total Assets	3,514,873	3,440,214	3,136,682	3,020,948	3,211,070	3,004,596	2,980,705	2,990,144	2,834,300	2,911,377	2,593,044	2,043,651	1,896,437	1,889,721	1,321,192	1,082,408	1,102,126	874,486	723,984	596,894	488,513	425,542	312,932	297,181	262,452	195,142	87,212	45,088
Total Current Assets	1,687,536	1,726,952	1,447,233	1,544,473	1,514,173	1,382,911	1,307,881	1,340,525	1,253,600	1,339,220	1,247,404	980,712	915,600	888,444	755,331	579,965	561,100	465,870	406,983	327,497	273,908	243,278	176,621	195,397	180,158	140,186	55,836	27,493
Total Current Liabilities	724,090	641,673	463,603	359,606	422,404	346,985	258,476	235,928	233,200	295,060	374,671	289,414	256,442	315,269	191,229	139,003	205,852	123,321	145,716	112,771	95,277	89,798	57,641	67,804	47,577	44,064	34,083	15,696
Total Liab	1,557,416	1,558,052	1,217,277	1,462,051	1,376,576	1,068,524	929,330	870,497	645,800	782,140	569,511	324,225	470,096	550,844	195,705	164,351	282,631	203,904	187,240	171,383	161,247	163,875	142,863	171,085	131,295	99,320	52,227	33,791
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
Total Stockholder Equity	1,957,457	1,882,162	1,919,405	1,558,897	1,834,494	1,936,072	2,051,375	2,119,647	2,188,443	2,129,237	2,023,533	1,719,426	1,426,341	1,327,315	1,114,429	910,785	812,333	663,650	531,084	420,122	327,265	261,667	170,069	126,096	131,157	95,822	34,985	11,297
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
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

	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
Accounts Payable	408,294	407,450	419,349	408,377	471,208	503,032	504,667	439,438	440,401	469,365	398,392	334,505	343,722	352,086	345,761	342,602	406,631	316,401	298,881	251,789	346,985	309,086	293,822	288,961	258,476	274,615	251,273	247,865	234,062	293,112	286,421	253,405	210,240	295,060	279,237	284,493	316,299	374,671	301,053	275,528	273,951	289,414	241,017	238,476	247,799	256,442	253,013	206,808	195,217	315,269	299,367	220,168	172,284	186,205	184,666	153,495	125,222	124,378	130,063	122,975	124,358	155,669	149,473	123,364	119,222	116,683	120,026	113,041	98,125	118,099	86,676	83,547	80,325	86,753	81,585	76,313	65,241	74,721	64,713	63,291	56,267	66,632	61,573	60,149	52,139	51,774	52,422	49,989	51,026	62,270	53,861	49,133	41,769	39,182	38,930	37,625	31,666	35,871	33,828	35,911	31,187	29,672	28,316	22,783	-	12,896	-	-	-
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	-	-	-	-	-	-
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	-	-	-	-	-	-
Accumulated Other Comprehensive Income	13,650	28,756	16,692	15,155	9,845	28,148	68,589	87,995	64,809	44,465	2,387	-8,939	-9,038	-12,118	-19,905	-36,680	-535	-11,516	-8,543	9,187	3,382	23,528	27,851	17,066	13,540	9,793	15,321	35,271	40,611	24,837	16,651	-7,215	2,200	-7,575	-76	-3,697	-6,408	-7,732	-2,930	-1,768	-2,133	-656	-4,050	-3,971	-6,328	-7,075	-3,539	-1,986	-57	25,572	25,902	24,531	26,171	24,538	27,963	27,474	28,055	26,248	26,248	26,248	26,187	26,248	26,246	26,233	26,323	26,248	26,204	26,237	26,234	26,274	26,277	26,290	26,282	27,815	27,564	27,334	27,079	26,902	26,269	26,661	26,292	239	240	220	205	203	213	203	203	205	214	205	215	215	218	223	200	200	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	-	-	-	-	-	-
Capital Lease Obligations	98,061	95,623	93,554	97,506	93,990	92,902	106,618	105,864	109,102	75,772	73,430	77,555	82,464	83,269	86,187	88,322	81,500	82,370	81,752	84,503	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	271,213	222,756	218,968	220,987	202,329	186,229	189,172	192,412	191,732	186,475	189,278	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	73,598	67,797	59,139	79,489	76,693	67,985	58,979	58,128	52,672	39,670	31,430	24,936	28,642	29,914	29,831	32,769	48,158	41,437	34,274	32,490	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	89,642	102,505	68,608	73,837	150,417	69,249	73,666	121,575	179,246	389,332	310,855	536,036	505,264	232,916	465,947	505,085	64,126	55,791	50,585	80,980	46,657	51,978	41,425	51,466	52,795	47,172	46,819	58,049	38,197	60,442	54,571	53,450	50,700	47,097	44,586	60,281	85,098	65,163	45,092	58,591	79,122	97,368	120,138	72,715	81,981	70,410	48,510	31,509	41,741	88,802	88,993	173,760	234,925	258,442	201,209	119,092	141,084	99,732	74,478	23,968	14,344	12,357	13,194	29,294	13,637	9,250	7,524	35,467	36,309	29,035	63,955	48,207	90,415	69,729	30,844	30,030	52,284	60,610	37,124	21,420	37,241	68,675	50,860	22,924	39,314	44,678	16,208	0	-3,499	0	0	0	303	22,293	19,425	0	0	0	-14,825	-54,616	-39,940	-21,252	-14,508	-23,982	-	-10,897	-	-	-
Cash And Equivalents	0	102,505	68,608	73,837	150,417	69,249	73,666	121,575	179,246	389,332	310,855	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	89,642	102,505	68,608	73,837	150,417	69,249	73,666	121,575	179,246	389,332	310,855	536,036	505,264	232,916	465,947	505,085	64,126	55,791	50,585	80,980	46,657	51,978	41,425	51,466	52,795	47,172	46,819	58,049	38,197	60,442	54,571	53,450	0	47,097	44,586	60,281	85,098	65,163	45,092	58,591	79,122	97,368	120,138	72,715	81,981	70,410	48,510	31,509	41,741	88,802	88,993	173,760	234,925	258,442	201,209	119,092	141,084	99,732	74,478	23,968	14,344	12,357	13,194	29,294	13,637	9,250	7,524	35,467	36,309	29,035	63,955	48,207	90,415	69,729	30,844	30,030	52,284	60,610	37,124	21,420	37,241	68,675	50,860	22,924	39,314	44,678	16,208	3,360	-3,499	0	0	0	303	22,293	19,425	0	0	0	-14,825	-54,616	-39,940	-21,252	-14,508	-23,982	-	-10,897	-	-	-
Common Stock	271,213	222,756	218,968	220,987	202,329	186,229	189,172	192,412	191,732	186,475	189,278	186,184	183,938	177,010	174,604	173,849	174,218	170,029	169,631	168,492	159,858	153,107	153,374	158,147	159,170	150,226	151,653	150,430	152,313	152,642	146,174	147,943	150,497	138,863	123,431	113,338	108,225	124,595	107,103	103,028	99,352	107,867	104,154	99,661	98,836	101,113	104,510	105,096	104,922	100,436	102,430	98,768	98,300	97,000	96,200	94,600	93,537	93,042	92,875	92,439	90,400	89,400	89,100	88,800	88,500	88,061	87,700	87,400	86,953	86,600	85,800	85,600	85,000	84,200	83,200	81,900	78,600	78,200	77,121	77,000	75,800	83,000	82,100	73,700	67,700	66,500	68,226	63,952	63,360	63,831	66,300	63,700	66,898	66,100	66,500	67,400	67,500	66,200	66,600	26,400	0	0	0	-	-	-	-	-	-
Common Stock Shares Outstanding	171,806	175,348	177,902	179,843	179,897	182,239	185,869	189,344	194,760	198,059	199,050	198,582	198,403	198,304	198,201	198,624	203,200	204,263	205,520	198,624	205,352	208,161	212,722	218,850	219,796	223,481	225,389	232,159	223,481	232,715	236,272	243,355	241,429	244,063	243,809	243,513	243,852	246,558	246,428	246,314	246,092	245,858	245,518	245,258	246,314	244,644	244,094	243,970	244,982	244,286	245,012	243,030	242,868	244,278	244,196	243,838	244,322	243,338	242,966	242,356	243,524	243,118	243,244	243,318	243,312	243,156	243,198	243,056	242,896	245,621	242,508	242,588	242,896	241,372	241,080	240,344	239,080	234,087	238,872	238,928	238,336	243,638	238,144	237,720	238,336	250,517	236,080	227,960	232,784	193,685	225,516	225,516	224,887	234,807	237,592	221,511	233,101	237,405	201,253	152,395	161,249	161,249	20,128	124,652	106,290	106,290	115,676	111,666	130,517
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0	189,278	186,184	183,938	177,010	174,604	173,849	174,218	170,029	169,631	168,492	159,858	153,107	153,400	158,100	159,170	150,200	151,700	150,400	152,300	152,600	146,200	147,900	150,500	138,900	123,400	113,300	108,200	124,600	107,100	103,000	99,400	107,900	104,154	99,661	98,800	101,113	104,500	105,100	104,900	100,400	102,400	98,800	98,300	97,000	96,200	94,600	93,500	93,000	92,900	92,400	90,400	89,400	89,100	88,800	88,500	0	87,700	87,400	0	86,600	85,800	85,600	85,000	84,200	83,200	81,900	78,600	78,200	77,100	77,000	75,800	83,000	82,100	73,700	67,700	66,500	0	0	0	0	66,300	63,700	0	66,100	66,500	67,400	67,500	66,200	66,600	26,400	0	0	0	-	-	-	-	-	-
Current Deferred Revenue	0	0	0	0	0	0	0	11,237	0	0	0	0	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	-	-	-	-	-
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	-	-	-	-	-	-
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	3,713	0	0	0	0	0	0	0	0	0	0	0	0	349	0	0	0	349	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Good Will	271,677	271,677	271,677	271,677	271,677	269,923	283,815	283,815	283,815	206,636	206,636	206,636	206,636	206,636	206,636	206,636	227,865	227,865	227,865	227,495	227,362	226,670	226,670	226,670	226,571	225,704	221,082	218,806	202,108	199,081	190,983	190,626	190,600	188,777	188,211	188,211	176,445	176,445	150,099	150,099	150,099	150,099	148,499	145,991	145,991	141,933	141,933	141,933	141,933	153,219	150,288	16,012	10,197	10,197	10,035	10,035	6,709	6,709	6,709	6,709	6,693	6,709	63,904	64,888	65,852	65,852	0	0	0	0	0	0	0	0	0	0	0	0	0	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	261,419	223,065	225,656	227,319	229,951	296,545	300,129	303,455	306,630	278,011	281,627	285,611	289,901	296,235	300,845	304,881	383,864	384,286	386,488	388,889	393,573	397,160	401,276	396,175	401,605	406,846	413,410	419,034	354,221	355,454	334,825	332,198	336,800	335,421	339,099	343,527	284,765	287,353	238,594	241,264	243,536	247,537	250,700	254,466	258,075	259,981	267,432	257,619	258,041	256,467	259,171	58,822	59,849	61,321	54,359	55,158	55,957	56,757	57,556	58,355	59,017	59,954	63,900	64,900	65,700	2,024	9,015	9,187	9,347	9,522	0	0	0	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	0	0	0	100	0	100	-	100	-	-	-
Inventory	1,089,441	1,138,166	1,226,702	1,314,769	1,225,940	1,112,532	971,024	889,512	774,358	725,421	720,695	736,409	727,992	938,572	1,032,701	1,188,209	1,052,052	1,046,496	1,008,548	1,008,275	940,029	973,906	969,710	988,614	945,738	939,428	922,657	948,166	954,876	938,261	920,877	861,857	851,000	826,781	818,648	873,508	887,374	779,407	723,426	723,418	688,323	595,794	602,020	625,522	622,189	553,068	550,258	573,270	610,923	575,594	519,716	439,219	366,474	332,542	323,991	339,467	344,963	301,867	339,555	379,915	385,483	316,172	290,819	299,882	295,388	239,963	231,146	242,492	233,385	200,849	161,442	186,892	179,079	134,721	132,062	141,047	142,111	116,498	113,587	130,150	138,324	102,510	93,451	97,320	95,096	71,183	91,053	112,512	127,986	113,095	127,264	117,824	114,490	81,014	77,851	89,552	90,602	67,146	65,964	72,222	60,664	39,296	30,117	28,778	-	14,296	-	-	-
Liabilities And Stockholders Equity	3,514,873	3,572,318	3,671,832	3,629,139	3,440,214	3,439,998	3,355,254	3,349,755	3,136,682	3,075,740	2,910,855	3,109,822	3,020,948	2,956,137	3,251,590	3,694,904	3,211,070	3,397,997	3,337,806	3,239,730	3,004,596	3,175,008	3,141,752	3,117,883	2,980,705	3,090,387	3,090,366	3,152,342	2,990,144	3,120,198	3,106,634	2,974,683	2,834,200	2,911,377	2,933,493	2,865,539	2,648,262	2,593,044	2,390,205	2,270,100	2,124,148	2,043,651	2,028,008	2,004,225	1,921,666	1,896,437	1,939,232	1,854,495	1,806,758	1,889,721	1,893,286	1,441,699	1,346,029	1,321,192	1,275,631	1,178,781	1,101,510	1,082,408	1,134,247	1,117,253	1,041,067	1,102,126	1,105,481	1,058,889	998,236	874,486	823,617	795,235	715,453	723,984	673,902	644,850	610,446	596,894	552,731	525,222	496,352	488,513	457,751	449,027	424,492	425,542	405,884	355,788	318,083	312,932	308,348	299,439	290,525	297,181	339,657	296,544	269,610	262,452	252,619	223,820	199,883	195,142	178,790	131,139	97,384	87,212	88,050	62,054	-	45,088	-	-	-
Long Term Debt	685,000	725,000	995,000	980,000	780,000	770,000	815,000	845,000	600,000	600,000	600,000	1,000,000	1,000,000	1,000,000	1,367,000	1,550,000	845,000	907,000	958,000	888,000	669,000	871,000	900,000	775,000	630,000	705,000	705,000	771,000	600,000	691,000	738,000	584,010	375,000	462,000	593,000	618,000	399,000	157,000	135,000	148,000	64,000	157,000	125,000	214,000	177,000	181,000	306,000	333,000	305,000	209,000	252,000	0	0	0	0	0	1,177	1,584	90,154	118,585	48,195	49,448	104,677	142,206	126,231	55,971	38,979	52,730	10,635	12,041	8,977	26,854	27,386	27,288	24,159	40,595	41,153	37,979	38,430	57,029	57,198	53,533	55,432	71,462	71,162	72,384	76,661	99,048	101,221	97,453	113,485	94,326	81,594	79,907	81,929	66,274	0	0	0	0	0	0	0	-	-	-	-	-	-
Long Term Debt Total	0	805,389	1,074,109	1,062,101	860,162	849,460	907,020	936,314	693,812	661,093	659,706	1,062,883	1,066,580	1,068,065	1,437,634	1,622,478	911,982	976,264	1,026,721	959,175	669,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
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	-	-	-	-	-	-
Net Debt	993,419	1,018,118	1,169,946	1,153,669	873,573	943,653	847,952	829,289	529,856	286,440	362,575	541,519	577,200	850,353	987,240	1,133,237	862,374	933,579	989,167	891,523	622,343	819,022	858,575	723,534	577,205	657,828	658,181	712,951	561,803	630,558	683,429	530,560	324,300	414,903	548,414	557,719	313,902	91,837	89,908	89,409	-15,122	-97,368	4,862	141,285	95,019	110,590	257,490	301,491	263,259	120,198	163,007	-173,760	-218,325	-258,442	-201,151	-118,394	-137,924	-95,345	18,444	97,515	36,783	40,647	95,235	116,956	117,559	50,410	38,810	42,181	-676	8,362	-31,379	2,421	-39,128	-18,656	13,125	30,257	8,467	-4,078	19,953	54,732	38,857	4,179	24,871	52,109	35,691	31,637	64,927	103,216	108,689	101,230	117,929	99,141	85,754	62,865	67,366	71,020	61,433	57,953	66,760	104,631	66,600	39,697	38,722	48,264	-	28,492	-	-	-
Net Invested Capital	2,942,457	3,017,981	3,098,756	3,029,938	2,812,162	2,778,311	2,678,193	2,702,337	2,519,405	2,489,012	2,403,051	2,664,567	2,558,897	2,475,555	2,777,279	3,192,754	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	412,498	449,377	527,308	399,123	248,785	431,476	460,771	460,694	329,967	374,746	343,236	270,182	201,112	214,485	160,806	344,601	320,931	529,935	511,852	396,568	318,848	403,996	387,969	353,456	247,256	359,626	364,569	357,915	277,733	404,268	456,410	434,315	306,100	424,884	457,720	352,639	222,952	355,704	369,523	299,054	228,981	255,718	265,890	273,374	203,098	260,948	303,980	241,100	143,072	192,109	275,607	193,042	138,800	145,684	168,476	152,957	78,838	166,762	194,142	176,633	98,613	222,158	254,488	185,680	152,438	206,088	183,246	139,698	98,293	166,032	133,816	103,543	51,767	108,533	112,575	89,185	49,008	85,231	94,417	85,414	45,456	63,643	75,486	69,966	34,811	55,289	68,917	71,590	49,993	79,598	103,869	82,807	56,208	74,193	80,921	68,128	47,149	71,642	75,317	65,120	37,223	36,489	44,325	31,476	-	22,594	-	-	-
Net Tangible Assets	0	1,498,239	1,456,423	0	1,380,534	1,291,843	1,279,249	1,270,067	1,328,960	1,404,365	1,314,788	1,172,320	1,062,360	972,684	902,798	1,131,237	1,222,765	1,350,466	1,267,021	1,299,264	1,315,137	1,323,267	1,275,628	1,388,555	1,423,199	1,436,652	1,460,674	1,453,699	1,563,318	0	0	0	1,661,064	1,605,039	0	0	0	1,559,735	0	0	0	1,321,790	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	963,446	1,084,637	1,323,747	1,275,895	1,085,279	1,059,496	1,109,493	1,156,324	983,630	1,118,393	1,048,479	1,307,951	1,184,867	1,069,650	1,349,795	1,714,757	1,091,769	1,294,231	1,265,030	1,244,360	1,035,926	1,217,335	1,192,862	1,172,844	1,049,405	1,136,349	1,144,129	1,183,402	1,104,597	1,173,902	1,212,614	1,141,153	1,020,400	1,044,160	1,090,866	1,046,457	908,482	872,733	879,558	838,398	740,614	691,298	781,550	765,802	678,793	659,158	689,353	669,544	622,890	573,175	616,061	600,850	572,765	564,102	529,194	470,445	457,811	440,962	476,472	448,326	362,215	355,248	411,048	391,925	344,685	342,549	306,570	291,547	254,588	261,268	260,321	243,643	229,240	214,726	188,130	178,426	170,790	178,632	167,358	165,389	152,427	153,479	141,418	133,737	117,358	118,980	119,842	131,271	124,509	127,593	168,844	145,295	123,950	132,582	135,232	113,883	99,592	96,122	85,664	42,313	22,233	21,753	26,315	-	-	-	-	-	-
Non Current Assets Total	1,827,337	1,764,855	1,751,927	1,738,990	1,713,262	1,710,016	1,720,718	1,696,240	1,689,449	1,467,904	1,449,269	1,452,694	1,476,475	1,519,197	1,540,481	1,591,083	1,696,897	1,696,210	1,693,253	1,677,818	1,621,685	1,648,587	1,655,068	1,656,078	1,672,824	1,678,895	1,694,964	1,716,039	1,649,619	1,643,947	1,606,411	1,578,368	1,580,700	1,572,157	1,563,390	1,534,589	1,407,390	1,345,640	1,209,594	1,156,174	1,096,419	1,062,939	1,005,441	999,947	983,660	980,837	996,866	978,143	979,475	1,001,277	972,354	618,492	588,250	565,861	561,713	554,143	516,494	502,443	513,854	528,107	534,097	541,026	531,962	531,289	524,098	408,616	387,550	365,472	336,338	317,001	299,796	291,717	274,739	269,397	260,849	248,609	238,287	214,604	203,308	199,068	192,528	182,264	178,559	157,673	142,790	136,311	128,664	111,977	109,052	101,784	104,878	92,817	95,167	82,293	71,132	64,305	59,835	54,955	50,642	47,414	38,431	31,376	25,615	23,482	-	17,595	-	-	-
Non Current Liabilities Other	0	51,122	47,809	52,846	56,217	61,741	59,998	58,913	59,862	36,192	34,991	33,195	35,865	45,227	42,363	40,608	42,190	38,364	37,018	33,919	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	833,326	856,511	1,121,918	1,114,947	916,379	911,201	967,018	995,227	753,674	697,285	694,697	1,096,078	1,102,445	1,113,292	1,479,997	1,663,086	954,172	1,027,824	1,076,909	1,006,530	721,539	918,825	944,356	817,522	670,854	746,042	743,927	807,902	634,569	725,755	778,931	624,353	412,600	487,080	628,686	652,217	433,700	194,840	170,686	180,732	94,133	34,811	160,908	249,928	212,910	213,654	341,974	372,661	344,343	235,575	395,480	113,535	4,502	4,476	22,640	23,921	25,033	25,348	115,721	151,657	74,538	76,779	145,929	181,638	167,471	80,583	67,086	82,605	38,627	41,525	40,844	59,411	60,219	58,613	52,635	67,313	70,257	65,970	60,915	81,250	79,392	74,076	73,164	87,217	84,209	85,222	84,403	105,373	106,578	103,281	116,677	97,560	84,244	83,718	85,278	68,400	58,536	55,255	47,956	48,315	25,352	18,144	19,311	24,282	-	18,095	-	-	-
Non Currrent Assets Other	1,511	1,379	1,446	9,101	2,389	2,103	2,728	3,472	3,758	4,718	5,178	5,133	6,004	7,872	8,310	6,887	6,732	7,799	10,648	14,594	10,275	8,320	9,516	8,939	8,830	7,855	8,199	8,662	14,907	8,699	7,398	7,758	8,900	5,990	8,211	9,282	8,719	8,116	8,537	8,077	7,016	7,991	5,302	4,530	10,808	10,989	11,977	11,943	13,787	26,193	29,295	24,410	23,901	15,051	15,788	16,491	14,266	16,529	19,553	24,676	25,434	28,564	30,827	32,162	33,235	18,036	10,682	7,616	9,159	4,505	6,482	9,177	9,053	9,054	10,374	14,131	3,732	3,124	3,324	3,427	3,497	3,645	3,546	3,113	4,016	-8,436	2,963	4,560	8,627	5,732	3,005	602	6,117	3,171	3,765	4,938	6,691	7,194	4,474	3,002	4,628	3,809	2,702	2,198	-	1,999	-	-	-
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	-	-	-	-	-	-
Other Assets	0	3,925	7,484	17,712	18,389	5,738	16,408	17,202	21,484	16,657	19,309	21,609	23,693	21,734	21,412	18,022	16,649	4,524	6,439	9,240	10,275	8,320	9,516	8,939	637,006	640,405	642,691	647,348	572,736	563,234	533,206	532,411	8,898	7,740	535,521	541,020	471,780	4,108	397,230	399,440	401,062	407,070	404,699	406,694	418,774	428,400	432,663	423,021	425,618	435,879	438,754	103,105	93,947	86,569	90,009	89,671	84,886	87,905	91,727	98,355	0	104,510	0	107,596	0	0	0	16,810	0	0	6,475	9,162	9,041	9,063	0	0	0	3,127	0	0	3,520	3,644	3,546	0	0	0	2,963	0	0	5,749	6,203	0	6,148	0	7,169	0	0	0	0	0	0	0	0	0	-	-	-	-	-
Other Current Assets	95,955	117,415	97,287	102,420	101,810	116,725	129,075	181,734	163,662	118,337	86,800	114,501	110,105	50,967	51,655	65,926	77,064	69,565	73,568	76,089	77,377	96,541	87,580	68,269	62,092	65,266	61,357	72,173	69,719	73,280	68,365	46,693	6,925	17,966	26,385	24,350	26,846	23,784	18,695	15,022	13,825	11,034	11,584	13,483	12,876	8,694	11,710	8,932	9,859	9,307	8,092	9,120	8,454	9,079	9,646	6,055	8,222	11,604	12,218	8,630	0	10,413	0	12,745	0	10,569	0	12,107	0	0	0	14,492	14,446	0	16,401	16,350	14,663	11,570	9,314	12,975	0	0	0	7,905	0	5,500	3,506	0	3,495	2,705	3,646	3,095	3,441	2,659	3,289	1,835	2,298	1,399	1,691	1,000	1,006	1,303	2,501	2,298	-	1,500	-	-	-
Other Current Liab	1,635	142	12,364	40,472	6,637	4,012	5,778	31,966	7,912	5,399	991	14,545	6,709	28,241	345,761	30,251	1,255	394,450	366,492	304,224	14,442	8,159	293,800	289,000	2,644	528	251,300	5,036	1,866	9,237	1,188	1,757	2,482	13,515	0	0	16,091	368,700	301,100	275,500	13,164	13,164	0	0	11,414	10,849	253,013	206,808	9,176	298,000	5,504	2,189	12,730	5,024	184,642	153,502	125,217	11,822	11,090	14,947	17,354	46,627	9,237	8,185	5,629	2,949	2,051	237	1,398	2,271	3,520	2,213	2,277	2,204	2,405	2,165	2,360	1,964	3,756	2,176	3,989	3,871	4,030	673	1,881	1,930	2,932	2,233	1,971	1,466	7,668	4,801	3,849	3,527	2,420	3,104	3,996	3,497	3,980	1,300	2,113	2,205	1,101	-100	-	1,100	-	-	-
Other Liab	0	51,122	47,809	0	56,217	61,741	59,998	58,913	59,862	36,192	34,991	33,195	35,865	45,227	42,363	40,608	42,190	51,560	50,188	47,355	52,539	47,825	44,356	42,522	37,141	38,947	36,157	36,902	34,569	32,966	38,045	40,343	37,616	25,080	34,662	34,081	34,700	37,491	31,246	30,885	30,133	34,811	35,908	35,928	35,910	32,654	34,111	28,741	28,072	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	-	-	-	-	-	-
Other Stockholder Equity	61,363	73,598	67,797	59,139	79,489	76,693	67,985	58,979	58,128	52,672	39,670	31,430	24,936	28,642	29,914	29,831	32,769	48,158	41,437	34,274	32,490	38,555	32,654	28,426	25,208	32,982	29,794	27,320	23,198	19,882	27,386	23,963	1,093	16,718	28,263	28,855	29,971	20,778	34,082	34,985	33,810	28,869	28,886	27,878	25,872	25,579	16,700	14,823	13,593	116,962	-102,430	-98,768	109,671	107,127	105,989	104,149	7,749	6,976	6,164	5,461	96,897	96,105	95,048	94,052	93,235	92,014	90,893	90,460	89,737	89,036	88,329	87,886	87,024	84,089	83,330	81,822	78,433	78,092	519	77,037	75,250	82,507	81,636	73,901	67,448	200	68,213	64,080	63,361	63,641	200	200	66,559	200	300	200	200	200	-238	-92	22,636	22,856	23,914	5,196	-	5,199	-	-	-
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	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Property Plant And Equipment Gross	2,483,941	1,255,423	1,239,593	1,222,235	1,193,127	1,137,810	0	0	0	0	941,697	938,838	956,245	994,592	1,011,588	1,061,544	1,068,519	1,076,260	1,068,252	1,046,840	990,475	1,016,437	1,017,600	1,024,300	1,035,818	1,038,500	1,052,300	1,068,700	1,076,900	1,080,700	1,073,200	1,046,000	1,044,400	1,040,200	1,027,900	993,600	935,600	873,700	812,400	756,700	695,400	655,900	600,742	593,253	564,900	552,437	564,200	555,100	553,900	550,300	518,800	500,900	498,600	479,300	462,600	454,400	420,500	402,200	422,100	429,800	435,200	436,500	426,800	424,000	413,300	377,617	368,500	348,800	317,832	302,700	293,000	282,100	265,300	260,600	250,000	234,600	235,000	211,700	199,800	195,600	190,300	179,800	176,100	154,200	139,300	132,600	125,701	107,417	100,425	96,052	98,600	87,100	89,050	73,000	64,000	57,200	51,500	47,500	45,800	42,200	0	0	0	-	-	-	-	-	-
Property Plant And Equipment Net	1,255,962	1,255,423	1,239,593	1,222,235	1,193,127	1,137,810	1,120,366	1,091,768	1,077,520	966,600	941,697	938,838	956,245	994,592	1,011,588	1,061,544	1,068,519	1,076,260	1,068,252	1,046,840	990,475	1,016,437	1,017,606	1,024,294	1,035,818	1,038,490	1,052,273	1,068,691	1,076,883	1,080,713	1,073,205	1,045,957	0	1,040,219	1,027,869	993,569	935,610	873,726	812,364	756,734	695,357	655,869	600,742	593,253	564,886	552,437	564,203	555,122	553,857	565,398	533,600	515,387	494,303	479,292	471,704	464,472	431,608	414,538	422,127	429,752	434,222	436,516	426,742	423,755	414,491	377,617	367,854	348,669	317,832	302,973	293,313	282,541	265,687	260,344	250,475	234,478	234,555	211,480	199,984	195,641	189,032	178,619	175,013	154,560	138,774	131,847	125,701	107,417	100,425	96,052	98,672	86,715	89,050	73,023	63,967	57,067	51,344	47,661	45,469	41,813	33,803	27,467	22,913	21,184	-	15,496	-	-	-
Property Plant Equipment	0	1,255,423	1,239,593	1,222,235	1,193,127	1,137,810	1,120,366	1,091,768	1,077,520	966,600	941,697	938,838	956,245	994,592	1,011,588	1,061,544	1,068,519	1,076,260	1,068,252	1,046,840	990,475	1,016,437	1,017,606	1,024,294	1,035,818	1,038,490	1,052,273	1,068,691	1,076,883	1,080,713	1,073,205	1,045,957	1,044,389	1,040,219	1,027,869	993,569	935,610	873,726	812,364	756,734	695,357	655,869	600,742	593,253	564,886	552,437	564,203	555,122	553,857	565,398	533,600	515,387	494,303	479,292	471,704	464,472	431,608	414,538	422,127	429,752	435,230	436,516	426,781	424,002	413,303	377,617	368,477	348,809	318,007	302,677	292,985	282,086	265,338	260,615	249,984	234,577	234,992	211,693	199,825	195,577	190,295	178,536	175,024	154,527	138,917	131,859	125,726	107,202	100,424	96,339	98,639	86,424	89,503	72,675	63,999	57,203	0	0	0	0	0	0	0	-	-	-	-	-	-
Retained Earnings	1,611,231	1,667,871	1,650,299	1,604,657	1,590,499	1,567,241	1,537,447	1,517,951	1,604,736	1,605,400	1,571,716	1,455,892	1,359,061	1,282,021	1,225,666	1,475,754	1,628,042	1,755,946	1,678,849	1,703,695	1,740,342	1,731,907	1,689,695	1,807,761	1,853,457	1,876,201	1,898,398	1,878,518	1,903,525	1,894,733	1,849,883	1,930,477	2,022,800	1,981,231	1,873,952	1,790,333	1,750,384	1,885,892	1,780,211	1,677,595	1,611,871	1,583,346	1,497,093	1,392,253	1,331,163	1,306,724	1,226,574	1,157,093	1,139,564	1,184,781	1,155,669	1,070,803	1,009,521	982,764	925,948	861,261	812,496	784,519	742,134	700,628	691,933	689,980	668,499	614,190	574,509	545,388	503,669	451,943	430,742	415,775	399,027	356,322	325,161	308,218	279,891	245,092	230,454	222,272	205,842	179,508	164,021	178,921	164,938	130,072	108,286	103,752	95,677	73,592	63,419	62,250	90,522	76,665	68,098	64,798	54,375	42,384	33,364	29,076	21,988	15,105	12,676	12,130	8,705	6,895	-	6,098	-	-	-
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Short Long Term Debt	300,000	300,000	150,000	150,000	150,000	150,000	0	0	0	0	0	0	0	0	0	0	2,059	0	0	13,328	0	0	900,000	775,000	630,000	705,000	705,000	771,000	600,000	0	0	0	375,000	462,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Short Long Term Debt Total	1,083,061	1,120,623	1,238,554	1,227,506	1,023,990	1,012,902	921,618	950,864	709,102	675,772	673,430	1,077,555	1,082,464	1,083,269	1,453,187	1,638,322	926,500	989,370	1,039,752	972,503	669,000	871,000	900,000	775,000	630,000	705,000	705,000	771,000	600,000	691,000	738,000	584,010	375,000	462,000	593,000	618,000	399,000	157,000	135,000	148,000	64,000	64,000	125,000	214,000	177,000	181,000	306,000	333,000	305,000	209,000	252,000	0	16,600	0	58	698	3,160	4,387	92,922	121,483	51,126	53,004	108,429	146,250	131,196	59,660	46,334	77,648	35,633	37,398	32,575	50,627	51,286	51,074	43,969	60,288	60,751	56,532	57,076	76,152	76,098	72,854	75,731	75,033	75,004	76,315	81,135	103,216	105,190	101,230	117,929	99,141	86,057	85,158	86,791	71,020	61,433	57,953	51,936	50,015	26,660	18,445	24,214	24,282	-	17,595	-	-	-
Short Term Debt	314,161	315,234	164,445	165,405	163,828	163,442	14,598	14,550	15,290	14,679	13,724	14,672	15,884	15,204	15,553	15,844	14,518	13,106	13,031	13,328	0	0	900,000	775,000	630,000	705,000	705,000	771,000	600,000	0	0	0	375,000	462,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	58	698	1,983	2,803	2,768	2,898	3,043	3,556	3,762	4,127	4,602	3,689	7,421	24,939	25,004	25,345	23,588	23,730	23,864	23,814	19,763	19,710	19,674	18,592	18,616	19,104	19,280	19,295	20,302	3,556	3,915	3,938	4,489	3,969	3,968	4,068	4,406	4,499	4,877	4,868	4,904	4,903	4,795	4,696	4,676	4,201	3,421	2,205	6,704	2,998	-	1,700	-	-	-
Short Term Investments	0	50,818	54,763	52,459	48,274	61,066	72,191	69,356	69,995	36,820	46,555	85,830	88,781	19,863	20,095	34,097	45,950	40,936	40,166	42,947	39,789	38,815	38,400	31,300	28,711	30,600	27,200	24,200	22,700	22,000	21,800	21,800	100	500	1,400	0	100	100	100	100	900	900	0	0	5,700	5,700	1,700	1,600	1,600	1,600	0	0	62,200	62,200	104,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-
Total Assets	3,514,873	3,572,318	3,671,832	3,629,139	3,440,214	3,439,998	3,355,254	3,349,755	3,136,682	3,075,740	2,910,855	3,109,822	3,020,948	2,956,137	3,251,590	3,694,904	3,211,070	3,397,997	3,337,806	3,239,730	3,004,596	3,175,008	3,141,752	3,117,883	2,980,705	3,090,387	3,090,366	3,152,342	2,990,144	3,120,198	3,106,634	2,974,683	2,834,300	2,911,377	2,933,493	2,865,539	2,648,262	2,593,044	2,390,205	2,270,100	2,124,148	2,043,651	2,028,008	2,004,225	1,921,666	1,896,437	1,939,232	1,854,495	1,806,758	1,889,721	1,893,286	1,441,699	1,346,029	1,321,192	1,275,631	1,178,781	1,101,510	1,082,408	1,134,247	1,117,253	1,041,067	1,102,126	1,105,481	1,058,889	998,236	874,486	823,617	795,235	715,453	723,984	673,902	644,850	610,446	596,894	552,731	525,222	496,352	488,513	457,751	449,027	424,492	425,542	405,884	355,788	318,083	312,932	308,348	299,439	290,525	297,181	339,657	296,544	269,610	262,452	252,619	223,820	199,883	195,142	178,790	131,139	97,384	87,212	88,050	62,054	-	45,088	-	-	-
Total Current Assets	1,687,536	1,807,463	1,919,905	1,890,149	1,726,952	1,729,982	1,634,536	1,653,515	1,447,233	1,607,836	1,461,586	1,657,128	1,544,473	1,436,940	1,711,109	2,103,821	1,514,173	1,701,787	1,644,553	1,561,912	1,382,911	1,526,421	1,486,684	1,461,805	1,307,881	1,411,492	1,395,402	1,436,303	1,340,525	1,476,251	1,500,223	1,396,315	1,253,600	1,339,220	1,370,103	1,330,950	1,240,872	1,247,404	1,180,611	1,113,926	1,027,729	980,712	1,022,567	1,004,278	938,006	915,600	942,366	876,352	827,283	888,444	920,932	823,207	757,779	755,331	713,918	624,638	585,016	579,965	620,393	589,146	506,970	561,100	573,519	527,601	474,138	465,870	436,067	429,763	379,115	406,983	374,106	353,133	335,706	327,497	291,882	276,613	258,065	273,908	254,443	249,959	231,964	243,278	227,324	198,115	175,294	176,621	179,684	187,462	181,473	195,397	234,780	203,727	174,443	180,158	181,486	159,515	140,048	140,186	128,148	83,725	58,954	55,836	62,436	38,571	-	27,493	-	-	-
Total Current Liabilities	724,090	722,826	596,158	614,254	641,673	670,486	525,043	497,191	463,603	489,443	413,107	349,177	359,606	367,290	361,314	389,064	422,404	407,556	379,523	317,552	346,985	309,086	293,822	288,961	258,476	275,143	251,273	252,901	235,928	302,349	287,609	255,162	233,200	295,060	279,237	284,493	332,390	374,671	301,053	275,528	287,115	289,414	241,017	238,476	259,213	256,442	253,013	206,808	204,393	315,269	304,871	222,357	185,014	191,229	184,724	154,193	127,205	139,003	143,921	140,820	144,755	205,852	162,471	135,676	129,453	123,321	129,498	138,216	124,527	145,716	113,784	109,490	106,467	112,771	103,752	98,188	87,275	95,277	87,084	84,571	79,536	89,798	85,906	64,378	57,936	57,641	59,843	56,191	56,964	67,804	65,935	58,432	50,494	47,577	46,254	45,632	40,456	44,064	42,484	41,412	36,720	34,083	36,121	25,681	-	15,696	-	-	-
Total Liab	1,557,416	1,579,337	1,718,076	1,729,201	1,558,052	1,581,687	1,492,061	1,492,418	1,217,277	1,186,728	1,107,804	1,445,255	1,462,051	1,480,582	1,841,311	2,052,150	1,376,576	1,435,380	1,456,432	1,324,082	1,068,524	1,227,911	1,238,178	1,106,483	929,330	1,021,185	995,200	1,060,803	870,497	1,028,104	1,066,540	879,515	645,800	782,140	907,923	936,710	766,090	569,511	471,739	456,260	381,248	324,225	401,925	488,404	472,123	470,096	594,987	579,469	548,736	550,844	700,351	335,892	189,516	195,705	207,364	178,114	152,238	164,351	259,642	292,477	219,293	282,631	308,400	317,314	296,924	203,904	196,584	220,821	163,154	187,240	154,628	168,901	166,686	171,383	156,388	165,500	157,532	161,247	147,999	165,821	158,929	163,875	159,070	151,595	142,145	142,863	144,245	161,564	163,543	171,085	182,612	155,993	134,738	131,295	131,532	114,032	98,993	99,320	90,440	89,727	62,072	52,227	55,432	49,963	-	33,791	-	-	-
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	-	-	-	-	-	-
Total Stockholder Equity	1,957,457	1,992,981	1,953,756	1,899,938	1,882,162	1,858,311	1,863,193	1,857,337	1,919,405	1,889,012	1,803,051	1,664,567	1,558,897	1,475,555	1,410,279	1,642,754	1,834,494	1,962,617	1,881,374	1,915,648	1,936,072	1,947,097	1,903,574	2,011,400	2,051,375	2,069,202	2,095,166	2,091,539	2,119,647	2,092,094	2,040,094	2,095,168	2,188,443	2,129,237	2,025,570	1,928,829	1,882,172	2,023,533	1,918,466	1,813,840	1,742,900	1,719,426	1,626,083	1,515,821	1,449,543	1,426,341	1,344,245	1,275,026	1,258,022	1,327,315	1,181,571	1,095,334	1,145,363	1,114,429	1,059,900	992,884	941,837	910,785	867,421	824,776	815,017	812,333	789,793	734,475	694,068	663,650	620,765	568,640	546,712	531,084	513,633	470,499	438,467	420,122	390,785	354,249	335,965	327,265	309,752	283,206	265,563	261,667	246,814	204,193	175,938	170,069	164,103	137,875	126,983	126,096	157,045	140,551	134,872	131,157	121,087	109,789	100,890	95,822	88,350	41,412	35,312	34,985	32,619	12,091	-	11,297	-	-	-
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	-	-	-	-	-	-
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	-	-	-	-	-	-

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	2015-10-04	2015-01-04	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
Begin Period Cash Flow	150,417	179,246	505,264	64,126	46,657	52,795	38,197	50,675	65,163	-	64,300	97,368	70,410	82,025	258,442	99,732	12,357	9,250	29,007	69,870	60,608	69,270	52,438	0	21,238	0	0	-9,824	-8,098
Capital Expenditures	208,009	244,554	130,223	58,340	140,234	125,220	94,796	140,241	290,414	284,007	284,007	292,703	166,958	76,755	164,722	127,881	44,938	5,523	134,282	80,261	86,034	53,630	43,321	41,438	30,980	31,108	17,286	16,139	3,899
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-60,775	-28,829	-326,018	441,138	17,469	-6,138	14,598	-12,478	-18,066	-18,066	-18,066	-32,205	26,958	-11,615	-169,640	158,710	87,375	3,107	-19,757	-40,835	9,121	-8,660	16,237	44,678	-21,238	22,293	0	-11,428	-2,699
Change In Working Capital	-84,468	-307,094	-96,739	342,510	-74,327	-14,485	75,827	32,813	-140,088	-	-	-189,081	-2,045	-23,103	-129,205	30,946	9,672	46,749	-80,888	-64,675	-29,562	-29,535	-12,679	53,314	-18,193	-15,626	-52,757	-23,557	-10,697
Change Receivables	0	0	0	0	0	0	0	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-161,893	77,940	-135,103	125,150	-3,515	-79,707	38,924	57,097	-69,113	-69,113	-69,113	-90,549	2,986	-36,660	-18,861	16,018	48,351	-36,392	0	-41,058	-22,694	-21,300	-8,400	23,900	0	-2,800	-35,300	0	0
Change To Inventory	143,215	-448,838	-33,744	320,384	-115,082	2,182	27,102	-15,188	-15,170	-15,170	-15,170	-149,231	-38,092	77,111	-182,080	-32,280	16,742	-32,135	-39,310	-35,470	-17,771	-13,099	-18,963	41,196	-35,914	-15,333	-25,979	-26,364	-2,199
Change To Liabilities	0	35,460	78,495	-62,476	49,621	74,732	20,452	-14,450	-87,101	-57,270	0	61,334	36,447	0	74,496	52,127	0	27,740	0	11,046	11,979	5,436	14,099	0	25,151	3,533	0	0	0
Change To Netincome	0	54,116	-28,336	150,612	18,754	44,179	13,049	17,850	993	5,972	5,972	93,629	109,023	0	0	0	0	43,802	343	740	0	0	1,696	938	1,116	76	0	0	0
Change To Operating Activities	0	29,915	-18,964	-34,801	-8,320	-13,807	-5,227	7,070	-3,432	543	543	-10,007	-2,994	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	121,644	124,926	135,402	147,190	156,794	158,076	162,150	140,597	116,631	113,838	113,838	95,618	95,278	94,573	76,385	69,197	62,970	58,932	42,270	32,415	25,588	22,252	17,464	11,085	10,278	6,243	4,696	2,707	1,700
Dividends Paid	131,797	123,769	90,462	30,553	110,346	94,566	84,822	74,382	63,707	63,707	63,707	53,180	43,723	36,615	27,496	0	0	0	0	0	0	0	0	0	0	0	0	301	0
End Period Cash Flow	89,642	150,417	179,246	505,264	64,126	46,657	52,795	38,197	47,097	46,657	-	65,163	97,368	70,410	88,802	258,442	99,732	12,357	9,250	29,035	69,729	60,610	68,675	44,678	0	22,293	0	-21,252	-10,797
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
Free Cash Flow	338,597	168,934	487,287	356,690	220,796	413,324	518,564	397,657	-70,599	-	-	-28,603	260,198	142,827	16,828	173,670	124,241	238,904	-43,119	14,552	7,119	5,230	23,339	70,783	-38,807	-4,296	-48,860	-27,367	-7,498
Investments	-171,953	-182,404	-187,833	-57,510	-135,751	-110,874	-210,030	-303,355	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	25,052	14,968	9,427	2,854	10,318	3,243	0	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	313,441	-421,474	139,582	162,466	39,000	30,000	225,000	174,400	305,000	305,000	157,000	-181,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	533,580	541,540	607,183	-225,282	259,809	350,774	362,334	346,638	237,300	237,300	276,700	359,552	320,178	148,464	8,430	198,245	95,329	144,592	130,020	106,934	85,953	60,191	57,147	41,896	517	36,345	16,487	8,621	4,099
Other Cashflows From Financing Activities	280,530	324,502	-2,837	397,429	169,999	71,858	55,480	595,304	305,000	-4,696	-4,696	157,000	-181,000	-162,019	209,000	1,202	44	-227,326	22,299	-41,231	-6,323	-16,997	-4,488	-28,196	17,314	27,085	8,993	3,509	5,499
Other Cashflows From Investing Activities	0	62,150	106,358	830	4,483	14,346	-115,234	-163,114	-98,337	0	-	-102,988	-9,493	0	0	1,205	7,978	6,523	0	4,041	2,276	0	4	0	0	0	0	0	0
Other Non Cash Items	-61,254	-6,372	-65,030	156,246	26,105	15,794	-7,713	5,633	-3,516	-	-	-9,116	3,288	5,384	240,159	10,509	635	2,869	8,600	16,073	10,998	3,009	0	2,767	0	0	-600	-100	200
Sale Purchase Of Stock	-386,707	-457,416	-249,407	-25,774	-264,241	-374,758	-334,896	-394,451	-94,982	8,439	8,439	-14,481	-9,621	-5,990	-12,689	1,900	900	1,100	-65	1,800	5,900	2,700	4,500	2,900	0	1,200	40,800	-301	0
Stock Based Compensation	26,957	32,393	37,659	2,090	16,272	19,513	15,867	15,373	11,009	-	-	10,207	8,268	4,606	4,899	4,081	3,007	1,599	80	2,302	0	0	205	0	-259	-1,574	0	-200	0
Total Cash From Financing Activities	-452,782	-258,274	-754,753	83,538	-207,804	-433,223	-389,338	-246,320	154,750	154,750	154,750	93,655	-228,330	-69,104	172,832	-1,359	-47,711	-227,326	23,550	-39,422	-458	-14,335	422	-25,321	17,939	28,277	50,759	17,342	5,499
Total Cash From Operating Activities	546,606	413,488	617,510	415,030	361,030	538,544	613,360	537,898	219,815	219,815	219,815	264,100	427,156	219,582	181,550	301,551	169,179	238,904	91,163	94,814	93,153	58,860	66,659	112,221	-7,827	26,813	-31,574	-11,227	-3,599
Total Cashflows From Investing Activities	0	-182,404	-187,833	-57,510	-135,751	-110,874	-210,030	-303,355	-425,256	-390,735	-390,735	-389,541	-172,136	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
Begin Period Cash Flow	102,505	68,608	73,837	150,417	69,249	73,666	121,575	179,246	389,332	310,855	536,036	505,264	232,916	465,947	505,085	64,126	55,791	50,585	80,980	64,126	51,978	41,425	51,466	52,795	47,172	46,819	58,049	60,442	46,819	54,571	53,450	50,675	47,097	44,586	60,281	85,098	65,163	45,092	58,591	79,122	97,368	120,138	72,715	81,981	79,122	48,510	31,509	41,741	70,410	88,993	173,760	234,925	82,025	201,209	119,092	141,084	258,442	74,478	23,968	14,344	99,732	13,194	29,294	13,637	9,277	7,524	35,467	36,309	28,991	63,955	48,207	90,415	28,991	30,844	30,030	52,284	60,558	37,124	21,420	37,241	68,880	50,860	22,924	39,314	68,880	16,208	42,199	22,924	39,314	45,039	-16,781	303	22,335	19,425	2,123	303	22,335	17,393	40,173	-54,371	-21,127	-14,508	-32,027
Capital Expenditures	35,611	42,522	56,020	73,856	80,464	74,537	50,209	33,992	38,406	48,635	28,597	13,035	13,413	14,098	5,191	25,638	21,387	40,183	55,921	25,638	26,240	33,588	42,986	22,406	33,610	18,655	17,787	28,869	18,655	40,981	32,344	38,047	66,565	42,248	67,281	83,568	97,317	73,273	75,467	85,840	58,123	74,322	22,658	44,669	85,840	12,057	16,075	23,785	25,309	47,125	33,422	44,750	24,838	33,351	25,996	34,525	39,425	10,301	7,573	13,433	34,009	13,631	19,801	25,735	34,248	26,150	32,711	45,095	30,325	26,206	17,774	23,891	30,325	19,210	23,712	21,064	22,048	17,807	9,241	10,566	16,016	9,084	12,057	10,731	16,016	9,939	15,944	9,288	6,268	1,445	11,835	2,268	18,322	11,733	8,650	6,830	3,896	2,712	1,793	10,660	7,545	5,633	3,112
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-12,863	33,897	-5,229	-76,580	81,168	-4,417	-47,909	-57,671	-210,086	78,477	-225,181	30,772	272,348	-233,031	-39,138	440,959	8,335	5,206	-30,395	440,959	-5,321	10,553	-10,041	-1,329	5,623	353	-11,230	-22,245	353	5,871	1,121	2,775	-14,500	2,511	-15,695	-24,817	19,935	20,071	-13,499	-20,531	-18,246	-22,770	47,423	-9,266	-20,531	21,900	17,001	-10,232	11,571	-191	-84,767	-61,165	-40,284	57,233	82,117	-21,992	-23,517	25,254	50,510	9,624	41,352	-837	-16,100	15,657	4,361	1,726	-27,942	-842	7,318	-34,919	15,748	-42,208	7,318	38,885	814	-22,253	-8,275	23,486	15,704	-15,821	-31,639	17,815	27,936	-16,389	-31,639	28,470	-25,991	-972	-16,389	-16,008	15,900	16,847	-22,032	2,867	17,302	10,470	1,299	-24,856	40,905	26,159	8,551	-6,743	17,519
Change In Working Capital	92,598	147,935	-34,412	-290,589	57,923	-104,386	-24,320	-236,311	-41,154	26,629	21,460	-115,674	165,908	64,716	343,390	-231,504	214,201	-32,706	-81,620	-231,504	152,476	-1,705	-34,604	-130,652	100,391	12,259	23,818	69,053	12,259	71,264	17,757	-125,261	125,626	42,770	-57,043	-117,139	-8,676	47,878	-62,322	-100,834	-73,803	62,258	27,801	-76,264	-100,834	55,872	55,204	-47,452	-15,840	45,697	-51,238	-84,204	-86,727	19,893	24,090	-42,508	-39,460	59,160	21,351	-71,940	29,471	49,993	-32,921	-34,314	63,991	-30,787	-30,122	-34,387	14,408	-9,955	-4,864	-57,622	14,408	9,075	-6,451	-29,976	-2,210	14,052	11,263	-27,414	-27,436	7,126	9,018	-27,476	-27,436	24,858	33,502	-5,525	479	41,922	-19,092	-28,997	-12,026	6,332	-4,396	-15,364	-2,198	5,546	-2,198	5,546	480	-4,562	0
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	38,395	74,342	-125,323	-149,307	185,097	25,997	-2,806	-130,348	44,351	-32,509	-74,493	-72,452	15,541	-50,844	186,599	-26,146	207,970	-19,887	-114,647	-26,146	82,897	-17,809	-34,969	-109,826	115,658	5,053	-2,315	125,020	5,053	63,437	-4,034	-127,326	239,512	25,270	-102,584	-123,884	132,085	20,362	-69,901	-69,347	28,337	7,562	6,755	-68,299	-69,347	44,038	-34,117	-95,657	56,968	81,230	-54,219	-52,948	49,076	23,673	-17,615	-72,593	7,076	21,380	-14,990	-72,593	82,553	21,380	-14,990	-33,800	54,100	0	-43,800	-41,500	67,417	-32,200	-30,300	-51,700	56,900	-23,863,000	-23,200	-40,100	36,200	-9,270,000	-8,900	-39,600	18,200	-9,270,000	-6,100	-34,900	20,700	13,200	12,706	6,977	28,661	0	-21,000	-26,500	17,126	6,800	-12,700	-21,100	24,200	4,500	-10,100	-28,400	0	0	0
Change To Inventory	50,892	89,437	88,313	-85,427	-114,285	-141,318	-78,919	-114,316	-23,922	-8,002	10,676	-12,496	205,982	95,694	147,590	-128,882	-1,854	-41,718	-4,350	-128,882	33,971	-2,663	14,936	-44,062	-6,250	-12,354	27,503	-7,346	-12,354	770	1,933	-10,545	-113,886	-4,634	51,968	37,633	-100,137	-24,231	146	-34,676	-90,470	4,423	21,217	-2,743	-34,676	102	76,198	39,499	-60,989	-54,495	-23,071	-72,691	-38,688	-7,989	13,713	2,520	-31,823	35,860	39,209	7,312	-40,524	-24,677	9,203	-5,474	-11,187	-8,477	11,086	-9,076	-32,843	-9,040	25,384	-7,773	-32,843	-3,011	9,265	1,232	-25,258	-3,097	16,612	8,894	-35,508	-9,381	10,772	2,985	-35,508	14,642	27,241	15,268	-15,955	10,930	-6,249	-7,275	-33,319	-4,339	10,382	900	-22,276	-708	-22,276	-708	0	0	0
Change To Liabilities	0	-10,113	0	0	-28,485	5,171	59,616	-842	-55,128	68,301	66,119	-797	5,355	17,725	3,888	-89,444	9,274	27,302	41,933	-28,888	33,793	19,423	-1,759	23,275	20,452	30,169	12,911	2,145	-14,450	35,326	38,364	13,409	-87,101	-57,270	0	0	0	61,334	12,162	0	0	36,447	0	0	0	0	0	0	0	74,496	52,952	29,194	0	52,127	55,437	22,571	86	0	0	0	0	27,740	18,822	0	0	0	1,119	0	0	11,046	0	0	0	11,979	5,437	0	0	5,436	0	0	0	14,099	10,219	8,516	2,566	0	0	0	0	25,151	17,686	10,866	4,571	3,533	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-1,487	29,346	29,346	19,512	-13,952	43,529	5,027	-20,764	-3,340	-3,451	2,102	18,827	-3,526	44,227	91,084	-17,261	12,427	17,376	6,212	24,089	2,426	13,946	3,718	13,049	-325	6,797	3,081	17,850	6,264	205	810	993	5,972	0	0	5,972	93,629	0	0	0	109,023	0	0	0	0	0	0	0	0	651	0	0	0	0	0	0	0	0	0	0	43,802	6,156	5,075	2,568	343	0	0	0	740	1,225	0	58	0	400	76	236	0	0	0	21	1,696	1,805	0	0	938	1,808	1,024	545	1,116	4,518	1,644	462	76	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-7,772	-34,412	-34,412	12,651	7,839	3,495	5,930	-9,012	-5,510	16,569	-33,011	-60,802	4,143	7,968	13,890	-4,779	1,189	-3,969	-761	1,083	-2,517	-11,166	-1,207	-5,227	559	-6,287	-4,598	7,070	0	0	0	-3,432	543	0	0	543	-10,007	0	0	0	-2,994	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	30,783	31,322	31,603	27,936	28,037	31,145	32,288	33,456	29,649	34,259	35,868	35,626	39,561	33,438	43,906	30,285	32,977	39,687	44,065	30,285	37,985	36,697	41,953	41,441	40,976	40,406	41,520	32,613	40,406	33,595	39,689	34,700	21,211	30,245	35,517	29,415	21,454	24,254	25,703	24,111	21,550	24,681	27,771	24,074	24,111	25,910	29,958	20,576	18,752	23,973	21,879	18,269	22,053	17,675	18,842	19,302	15,687	14,553	16,292	16,275	13,378	15,687	15,338	15,023	12,884	10,910	10,993	11,598	8,769	9,078	8,171	7,727	8,769	7,139	6,084	6,496	5,869	6,542	5,526	5,285	4,899	4,823	5,040	4,109	4,899	2,713	3,298	2,551	2,523	2,371	3,111	2,545	2,250	1,458	1,720	1,567	1,498	1,114	1,181	1,294	1,107	1,006	602
Dividends Paid	31,890	32,668	67,239	62,631	30,505	30,633	62,631	245,000	29,714	30,445	30,303	6,465	29,714	30,445	30,553	27,066	27,195	27,536	27,756	27,756	23,118	23,359	23,026	25,063	20,457	21,538	21,277	18,391	21,538	18,052	19,192	18,747	43	15,787	15,795	32,125	13,345	13,345	13,329	26,506	0	10,894	10,916	21,913	26,506	9,124	9,097	18,394	18,394	9,154	9,148	9,194	0	9,154	9,148	9,194	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	100
End Period Cash Flow	89,642	102,505	68,608	73,837	150,417	69,249	73,666	121,575	179,246	389,332	310,855	536,036	505,264	232,916	465,947	505,085	64,126	55,791	50,585	505,085	46,657	51,978	41,425	51,466	52,795	47,172	46,819	38,197	47,172	60,442	54,571	53,450	47,097	47,097	44,586	60,281	85,098	65,163	45,092	58,591	79,122	97,368	120,138	72,715	58,591	70,410	48,510	31,509	81,981	88,802	88,993	173,760	41,741	258,442	201,209	119,092	234,925	99,732	74,478	23,968	141,084	12,357	13,194	29,294	13,637	9,250	7,524	35,467	36,309	29,035	63,955	48,207	36,309	69,729	30,844	30,030	52,284	60,610	37,124	21,420	37,241	68,675	50,860	22,924	37,241	44,678	16,208	-972	22,924	-16,008	15,900	17,150	303	22,293	19,425	10,470	1,299	-24,856	40,905	26,159	-12,575	-21,252	-14,508
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
Free Cash Flow	203,450	262,615	125,805	-253,273	108,908	-8,694	159,529	-85,457	115,614	193,941	171,722	7,560	278,235	136,885	176,638	-235,068	241,042	84,108	23,586	-235,068	247,862	118,145	87,314	-40,020	165,524	149,832	162,066	141,767	149,832	184,839	129,621	-58,570	-34,204	148,230	17,928	-108,717	-128,040	112,212	8,860	-80,273	-69,402	110,088	149,784	-19,795	-80,273	158,596	142,241	-20,811	20,121	63,555	27,291	-49,408	-137,199	56,602	81,260	-4,121	-24,610	111,791	73,050	-62,834	39,929	70,526	20,919	-1,769	69,443	-6,955	-485	-44,805	9,126	7,390	29,393	-41,955	9,126	29,254	12,554	-24,855	-9,835	22,845	34,837	-16,881	-35,571	17,758	28,591	-17,370	-35,571	32,691	41,817	-1,478	-2,248	19,933	-16,767	-15,865	-26,108	5,494	2,165	-10,656	-1,299	17,800	1,160	-41,362	-26,459	1,250	-8,431
Investments	-35,771	-40,484	-55,768	-22,835	-52,866	-45,284	-50,262	-33,992	-202,374	-10,455	8,031	16,965	-13,362	-13,848	-4,723	-25,577	-21,387	-36,968	-53,534	-23,862	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	42,977	5,973	1,013	5,123	12,943	318	393	1,314	6,410	313	2,421	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-123,312	10,878	10,878	6,590	100,972	-34,489	240,368	-8,993	-3,469	-404,021	-4,991	-4,188	-370,911	-186,131	700,812	-65,445	-54,461	66,611	215,761	-202,000	-29,000	125,000	145,000	30,000	-75,000	-66,000	171,000	225,000	0	0	0	174,400	305,000	0	0	305,000	157,000	0	0	0	-181,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	153,308	127,367	155,288	97,617	83,900	153,036	158,241	146,363	173,896	188,304	146,442	98,541	67,352	56,355	-249,694	-99,295	32,512	104,883	99,686	-99,295	59,552	114,315	109,028	67,879	54,949	116,147	107,718	74,291	116,147	114,398	94,715	63,234	67,571	123,070	99,430	56,029	-41,229	122,677	115,999	79,187	41,689	96,780	115,830	72,280	79,187	89,016	78,642	26,870	35,288	-3,251	-95,002	61,418	35,870	-141,868	64,687	48,765	35,870	27,977	-10,794	7,099	27,977	21,432	54,040	41,567	27,553	41,017	52,261	21,140	15,602	16,792	42,856	31,070	15,602	28,996	34,268	14,318	8,371	16,723	26,257	14,358	2,853	14,453	24,806	14,194	2,853	10,953	18,903	10,287	1,754	-25,680	11,305	11,719	3,174	10,832	12,559	9,159	3,796	7,035	6,651	2,197	604	3,018	4,204
Other Cashflows From Financing Activities	-3,809	299,717	14,862	247,391	8,566	105,000	-50,262	485,936	-1,266	-10,455	8,031	16,965	-2,438	-13,848	399,867	705,000	-68,001	-36,968	70,000	732,756	-6,142	-33,285	125,000	145,000	-4,520	-31,985	-26,858	-4,696	91,000	300,000	300,000	209,010	247,143	-41,177	-67,235	313,982	255,345	22,000	-72,141	84,000	64,000	-72,853	-28,209	37,000	141,772	-11,835	-27,000	28,000	-4,000	-55,689	252,000	-47,816	96,000	-33,132	-24,770	1,159	1,270	-43,000	-28,000	70,234	43	-275,800	-37,851	15,264	70,100	13,197	-31,265	42,009	-1,707	-22,622	-18,027	-674	-1,707	7,278	-16,455	1,949	904	-454	-19,045	-433	2,934	-1,005	-1,332	-1,214	2,934	-4,201	-26,870	-1,807	4,682	-15,982	15,875	16,508	913	-1,376	17,302	10,470	1,299	-23,840	1,423	26,159	8,551	-6,602	17,618
Other Cashflows From Investing Activities	0	53,311	51,273	51,021	62,150	1,373	-53	-2	-57,610	38,180	36,628	30,000	830	779	529	61	4,483	4,571	1,356	-1,031	14,346	0	0	0	-118,079	0	0	0	-173,947	0	0	0	0	0	0	0	0	-102,988	1,032	0	740	-9,493	0	0	0	0	0	0	0	0	0	0	0	1,205	1,488	516	2,644	7,978	6,905	1,431	588	6,523	3,656	3,081	1,802	0	4,638	987	0	4,041	4,020	0	0	2,276	666	0	0	0	0	0	19	4	256	191	52	0	80	0	0	0	2,662	2,666	2,891	0	143	186	0	0	0	0	0	0	0
Other Non Cash Items	-38,496	-11,692	18,739	-29,805	-23,089	-15,552	33,004	-7,407	-10,088	-21,548	-14,510	-6,884	19,511	-4,541	45,881	95,395	9,139	5,229	9,941	95,395	13,314	-4,428	7,674	-789	-2,388	-3,482	-639	-998	-3,482	785	3,971	1,875	-172,811	-6,266	3,636	1,296	-2,182	-3,230	-274	-2,004	-3,608	-1,431	-2,358	458	-2,004	6,291	-4,858	2,202	6,619	45,571	96,030	4,806	-47,687	59,816	1,592	3,864	92	49,630	42,135	-653	2,231	-546	2,546	1,966	501	3,769	3,777	706	428	16,762	577	571	468	1,132	939	8,561	365	-225,649	711	116	7	-782	431	730	-175	1,993	870	-66	-30	-550	-231	1,220	-698	-1,814	-103	442	-100	-600	-2,987	-34,492	-20,825	2,860	-10,126
Sale Purchase Of Stock	-179,247	-80,183	-75,704	-51,573	-43,487	-94,045	-109,522	-210,362	-127,935	-119,715	-1,571	-1,757	-2,531	-119,715	-27	-23,216	-135,800	54,100	-97,404	-23,216	-26,048	-56,414	-209,771	-82,525	-62,453	-115,214	-78,606	-42,816	-115,214	-67,002	-154,828	-129,805	-75,986	130,439	18,282	-94,982	-94,982	1,200	12,579	2,000	-14,481	123,666	85,701	-5,386	-5,386	-4,312	-1,678	-5,386	-4,235	-4,312	-1,678	400	1,300	200	800	1,303	200	200	200	200	300	100	400	300	300	0	100	400	0	200	200	500	900	900	1,300	3,300	400	1,100	100	1,200	300	1,100	1,100	1,500	800	900	0	0	0	0	0	300	0	600	600	0	0	-1,000	38,500	3,300	0	1,400	0
Stock Based Compensation	4,110	6,755	8,062	8,030	8,314	8,358	8,301	7,420	8,475	12,708	8,690	7,786	2,994	1,695	302	-2,901	-3,339	7,220	7,715	-2,901	4,911	6,033	5,056	3,513	3,942	3,877	3,886	3,482	3,877	3,997	3,932	3,962	-9,236	3,322	2,767	3,147	1,773	2,913	2,697	2,794	1,803	2,293	2,128	2,106	2,794	1,166	1,010	1,160	1,741	1,477	1,093	1,082	1,247	935	1,106	981	1,247	812	857	-5,549	1,059	255	1,374	-91	0	1,309	1,974	-3,163	0	1,533	1,974	-3,163	-40	1,533	939	8,561	365	115,000	939	8,561	365	-783	279	-614	182	-783	868	-67	-28	-551	-231	1,221	-698	-1,815	-102	1,221	-698	-102	2,887	2,387	0	0	0
Total Cash From Financing Activities	-216,434	-230,473	-131,190	125,315	-55,893	-23,388	-206,249	27,256	-161,498	-153,316	-433,474	-6,465	-7,243	-370,643	-216,510	677,934	-233,138	-81,636	-56,313	677,934	-256,251	-107,923	-107,382	38,333	-159,514	-136,347	-164,656	-156,451	-136,347	-131,545	-19,241	60,917	40,114	-146,226	-34,077	187,679	147,374	9,893	-25,908	59,430	50,240	-134,560	-96,617	10,295	59,430	-137,700	-37,414	9,727	-7,448	-64,517	244,875	-8,823	96,283	145	94	-580	1,297	-88,368	-28,279	70,422	-1,018	-275,800	-37,499	15,596	70,377	13,566	-31,086	42,409	-1,338	-22,429	-17,860	-86	-1,338	8,137	-15,134	5,227	1,313	637	-18,996	829	3,196	165	-9	403	3,196	-3,358	-25,991	-972	5,001	-16,008	15,900	16,847	1,200	-793	17,302	10,470	1,299	-24,856	40,905	26,159	8,551	-6,972	17,519
Total Cash From Operating Activities	239,061	305,137	181,825	-179,417	189,372	65,843	209,738	-51,465	154,020	242,576	200,319	20,595	291,648	150,983	181,829	-209,430	262,429	124,291	79,507	-209,430	274,102	151,733	130,300	-17,614	199,134	168,487	179,853	170,636	168,487	225,820	161,965	-20,523	32,361	190,478	85,209	-25,149	-30,723	185,485	84,327	5,567	-11,279	184,410	172,442	24,874	5,567	170,653	158,316	2,974	45,430	110,680	60,713	-4,658	-112,361	89,953	107,256	30,404	14,815	122,092	80,623	-49,401	73,938	70,526	40,720	23,966	103,691	19,195	32,226	291	39,451	33,596	47,167	-18,064	39,451	48,464	36,266	-3,791	12,213	40,653	44,078	-6,315	-19,555	26,842	40,648	-6,639	-19,555	42,630	57,761	7,810	4,021	18,488	-4,932	-13,597	-7,786	17,226	10,815	-3,826	2,597	15,088	2,952	-30,701	-18,913	6,883	-5,320
Total Cashflows From Investing Activities	0	-119,087	-78,603	-22,835	-182,404	-45,284	-50,262	-33,992	-202,374	-10,455	8,031	16,965	-13,362	-13,848	-4,723	-25,577	-21,387	-114,364	-77,396	-23,862	-22,867	-33,285	-32,271	-22,451	-210,030	-31,985	-26,858	-117,628	-303,355	0	0	0	-340,205	-390,735	0	0	-390,735	-389,541	0	0	0	-172,136	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2015-10-04	2015-01-04	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
Cost Of Revenue	2,315,857	2,248,070	1,982,361	1,732,217	2,119,440	2,102,612	1,949,597	1,865,367	1,830,135	1,830,135	1,716,900	1,701,311	1,550,266	1,552,128	1,288,293	947,206	807,986	847,392	655,280	521,605	450,101	378,315	325,620	272,201	252,737	218,445	167,864	107,963	67,582
Depreciation And Amortization	121,644	124,926	135,402	147,190	156,794	158,076	162,150	140,597	116,631	-	-	95,618	95,278	94,573	76,385	69,197	62,970	58,932	42,270	32,415	25,588	22,252	17,464	11,085	10,278	6,243	4,696	2,707	1,700
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
Ebit	527,349	668,304	626,038	-23,247	355,964	437,407	423,896	383,270	266,414	270,169	289,400	369,369	347,846	170,687	237,105	206,874	95,438	197,423	211,789	155,862	113,378	69,429	87,779	65,995	19,167	50,368	28,977	17,342	8,698
Ebitda	648,993	793,230	761,440	123,943	512,758	595,483	586,046	523,867	383,045	-	-	464,987	443,124	265,260	313,490	276,071	158,408	256,355	254,059	188,277	138,966	91,682	105,243	77,080	29,445	56,611	33,673	20,049	10,397
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	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	880,054	992,412	940,209	249,059	704,461	805,953	801,219	719,703	585,337	585,337	582,300	658,683	634,037	396,125	437,748	364,257	230,333	402,319	309,149	252,342	203,069	154,516	140,401	106,275	67,407	87,205	59,652	33,181	19,395
Income Before Tax	564,183	566,428	624,558	-229,373	249,825	372,134	376,816	351,838	241,196	241,196	279,600	366,524	330,719	144,127	224,162	196,341	89,543	178,992	125,205	111,720	87,304	63,266	63,316	46,504	247	40,435	21,383	13,032	6,498
Income Tax Expense	30,603	24,888	17,375	-4,091	-9,984	21,360	14,482	5,200	3,896	3,896	2,900	6,972	10,541	-4,337	-15,742	-1,904	-5,786	34,400	-4,815	4,787	1,351	3,075	6,169	4,607	-271	4,090	4,896	4,411	2,399
Interest Expense	57,203	36,957	27,331	48,530	32,087	31,045	24,186	19,686	7,035	0	0	2,384	4,211	11,598	5,072	1,828	2,863	18,431	86,584	44,142	26,074	6,164	24,463	19,491	18,920	9,932	7,594	4,310	2,199
Interest Income	0	26,386	18,355	33,661	30,871	23,274	15,850	13,002	12,641	-	-	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	504	3,786	110	230	1,278	260	34	0	0	0	0	0	0	0	0
Net Income	533,580	541,540	607,183	-225,282	259,809	350,774	362,334	346,638	237,300	237,300	276,700	359,552	320,178	148,464	239,904	198,245	95,329	144,592	130,020	106,934	85,953	60,191	57,147	41,896	517	36,345	16,487	8,621	4,099
Net Income Applicable To Common Shares	0	541,540	607,183	-225,282	259,809	350,774	362,334	346,638	304,914	237,300	276,700	359,552	320,178	148,464	239,904	198,245	95,329	144,592	130,020	106,829	86,043	60,251	57,120	41,901	519	36,172	0	0	0
Net Income From Continuing Ops	464,172	541,540	607,183	-225,282	259,809	350,774	362,334	346,638	346,114	237,300	276,700	359,552	320,224	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-72,916	-36,957	-27,331	-48,301	-40,097	-32,528	-25,462	-19,252	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
Non Recurring	0	0	0	0	0	0	22,894	11,746	0	0	-	3,247	8,788	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	643,853	603,385	651,889	-180,843	288,993	403,179	401,002	371,524	256,572	270,169	289,400	369,421	342,686	155,128	230,151	200,878	89,349	186,445	170,158	115,051	102,663	69,429	87,779	65,995	19,167	48,807	28,577	16,841	8,698
Other Items	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	2,646,248	2,572,178	2,296,532	2,004,523	2,459,927	2,471,158	2,326,920	2,201,800	2,145,303	0	-	1,987,326	1,832,829	1,778,163	1,487,425	1,101,880	942,771	1,057,777	780,652	638,490	550,508	463,402	378,242	312,481	300,977	256,843	198,939	124,302	78,279
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	118,898	124,926	135,402	147,190	156,794	158,076	162,150	0	0	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	178,486	179,183	166,911	170,814	219,214	232,811	235,998	214,731	0	-	-	178,472	167,037	136,434	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	151,905	144,925	147,260	101,492	121,273	135,735	141,325	121,702	315,168	315,168	292,900	107,543	115,526	89,601	199,100	154,700	134,800	151,500	110,979	84,400	74,900	62,900	48,700	40,700	48,240	32,800	25,800	0	0
Tax Provision	22,452	24,888	17,375	-4,091	-9,984	21,360	14,482	5,200	4,526	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	330,391	324,108	314,171	272,306	340,487	368,546	377,323	336,433	315,168	2,145,303	2,009,800	286,015	282,563	226,035	199,132	154,674	134,785	210,385	125,372	116,885	100,406	85,087	52,622	40,280	48,240	38,398	31,075	16,340	10,697
Total Other Income Expense Net	94,037	-64,919	25,851	-157,596	-74,052	-34,228	-22,894	-11,746	-18,183	-28,973	-9,800	-461	-12,870	-15,559	-7,871	-12,491	-3,032	-5,719	-28,012	-20,406	-10,715	-6,164	-24,463	-19,491	-18,920	-1,561	-400	-501	-2,199
Total Revenue	3,195,911	3,240,482	2,922,570	1,981,276	2,823,901	2,908,565	2,750,816	2,585,070	2,415,472	2,415,472	2,299,200	2,359,994	2,184,303	1,948,253	1,726,041	1,311,463	1,038,319	1,249,711	964,429	773,947	653,171	532,831	466,021	378,476	320,144	305,650	227,516	141,143	86,976

	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
Cost Of Revenue	546,151	630,664	623,842	515,200	485,197	597,839	630,596	534,438	554,995	519,900	506,380	401,071	534,648	466,823	378,189	352,557	540,458	536,944	578,843	352,557	547,360	535,514	548,300	471,486	476,724	494,159	502,102	431,025	494,159	497,587	499,835	436,920	398,936	462,553	523,548	496,263	347,771	473,934	499,593	395,568	332,216	449,253	421,020	371,840	395,568	401,457	456,751	396,472	308,153	383,304	379,957	275,641	297,448	268,268	288,190	236,071	249,391	224,064	232,747	206,070	154,677	221,398	260,394	193,979	172,034	173,538	196,887	153,324	131,878	163,193	158,398	122,572	131,878	121,147	136,358	115,592	76,435	99,959	117,537	103,866	56,482	76,597	104,952	82,996	56,482	63,175	90,640	72,158	40,483	68,225	72,963	68,454	40,643	56,175	71,118	59,421	33,663	48,571	57,308	38,512	21,529	28,417	38,722	23,782	-	-	-	-	-
Depreciation And Amortization	30,783	31,322	31,603	27,936	28,037	31,145	32,288	33,456	29,649	34,259	35,868	35,626	39,561	33,438	43,906	30,285	32,977	39,687	44,065	30,285	37,985	36,697	41,953	41,441	40,976	40,406	41,520	32,613	40,406	33,595	39,689	34,700	21,211	30,245	35,517	29,415	21,454	24,254	25,703	24,111	22,876	24,681	27,771	24,074	24,111	25,910	29,958	20,576	18,752	23,973	21,879	18,269	22,053	17,675	18,842	19,302	15,687	14,553	16,292	16,275	13,378	15,687	15,338	15,023	14,535	10,910	10,993	11,598	11,550	9,078	8,171	7,727	8,769	7,139	6,084	6,496	5,869	6,542	5,526	5,285	4,899	4,823	5,040	4,109	4,899	2,713	3,298	2,551	2,523	2,371	3,111	2,545	2,250	1,458	1,720	1,567	1,498	1,114	1,181	1,294	1,107	1,006	602	600	-22,078	53,787	-23,094	-20,370	-15,100
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	-	-	-	-	-	-
Ebit	142,093	151,167	133,547	102,864	159,019	169,787	174,458	158,133	148,790	166,741	159,065	111,880	83,573	70,617	-219,670	31,317	41,719	121,758	128,903	31,317	99,914	128,938	82,047	80,967	73,041	125,383	122,008	70,078	125,383	128,400	104,335	76,134	72,123	132,547	109,504	61,906	-37,543	119,094	121,519	83,079	44,351	106,204	122,580	76,777	83,079	96,942	86,079	31,931	42,285	21,187	92,444	60,169	-44,265	56,143	66,623	51,667	36,284	43,417	38,538	7,795	31,576	50,909	63,420	48,832	45,978	54,824	67,079	57,069	26,362	16,043	53,814	33,043	29,143	22,075	43,762	31,382	16,023	1,930	35,385	22,393	3,161	21,995	32,557	20,839	3,161	16,321	25,518	16,220	6,765	-18,553	14,452	15,467	9,342	13,463	19,201	12,546	5,494	9,376	11,143	6,108	2,012	5,435	8,303	2,698	44,356	-106,174	47,588	41,743	30,501
Ebitda	172,876	182,489	165,150	130,800	187,056	200,932	206,746	191,589	178,439	201,000	194,933	147,506	123,134	104,055	-175,764	61,602	74,696	161,445	172,968	61,602	137,899	165,635	124,000	122,408	114,017	165,789	163,528	102,691	165,789	161,995	144,024	110,834	93,334	162,792	145,021	91,321	-16,089	143,348	147,222	107,190	67,227	130,885	150,351	100,851	107,190	122,852	116,037	52,507	61,037	45,160	114,323	78,438	-22,212	73,818	85,465	70,969	51,971	57,970	54,830	24,070	44,954	66,596	78,759	63,855	60,512	65,734	78,072	68,667	37,912	25,120	61,984	40,770	37,912	29,214	49,846	37,877	21,892	8,471	40,911	27,678	8,060	26,817	37,597	24,948	8,060	19,033	28,816	18,771	9,288	-16,182	17,563	18,012	11,593	14,921	20,921	14,113	6,992	10,491	12,324	7,402	3,119	6,441	8,905	3,298	22,278	-52,387	24,494	21,373	15,400
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	-	-	-	-	-	-
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	-	-	-	-	-	-
Gross Profit	236,558	239,237	216,596	187,700	234,825	252,169	264,985	240,433	229,256	281,700	240,773	188,514	155,507	135,491	-148,485	106,546	118,215	202,714	222,792	106,546	195,388	218,842	215,900	175,782	176,971	222,236	213,266	156,862	222,236	217,439	189,032	156,370	144,912	211,955	190,605	139,928	42,849	192,067	194,190	153,227	119,199	176,912	193,302	151,200	153,227	160,195	143,488	86,093	112,623	98,451	149,820	107,588	6,349	100,667	107,134	90,718	81,889	77,656	75,050	38,737	65,738	103,403	120,345	99,613	79,143	82,518	94,229	78,716	53,848	72,113	75,809	61,507	53,848	57,915	62,933	49,659	32,320	44,806	51,027	37,549	20,960	33,535	46,533	34,905	20,960	24,671	38,424	26,080	15,005	-5,537	27,308	27,850	16,791	22,893	27,984	23,253	13,785	18,561	19,600	13,104	7,746	10,768	12,407	6,295	22,278	25,891	24,494	21,373	15,400
Income Before Tax	156,908	134,270	161,964	111,000	79,349	165,265	166,610	155,204	172,401	196,000	153,148	102,988	65,694	57,308	-252,188	-100,187	14,752	107,967	103,510	-100,187	69,508	118,527	113,000	71,092	56,130	118,888	113,543	63,995	118,888	122,684	99,725	65,434	68,112	124,395	101,467	58,426	-43,092	117,725	121,074	83,842	43,883	99,456	120,385	75,250	83,842	84,362	78,900	27,380	35,628	39,583	91,100	56,446	-46,515	54,280	62,850	50,068	37,033	41,639	35,699	7,519	29,143	46,757	57,454	45,208	29,639	36,406	49,059	23,102	16,687	17,914	44,676	32,183	16,687	30,245	36,441	11,600	8,955	16,450	28,236	15,387	3,161	15,635	26,365	15,204	3,161	12,045	20,350	11,457	1,962	-28,932	11,944	13,195	3,528	11,991	14,251	10,274	4,195	7,752	9,153	3,301	1,006	4,427	5,903	1,899	200	1,400	1,400	1,003	300
Income Tax Expense	3,600	6,903	6,676	13,400	-4,551	12,229	8,369	8,841	-1,495	7,700	6,706	4,447	-1,658	953	-2,494	-892	-17,760	3,084	3,824	-892	9,956	4,212	4,000	3,213	1,181	2,741	5,825	-10,296	2,741	8,286	5,010	2,200	541	1,325	2,037	2,397	-1,863	-4,952	5,075	4,655	2,194	2,676	4,555	2,970	4,655	-4,654	258	510	340	-8,951	-2,982	-4,972	-451	-2,536	-1,837	1,303	1,163	-746	-5,807	430	1,166	25,325	3,448	3,546	2,086	-4,610	-3,249	1,964	1,084	1,123	1,797	1,118	1,084	1,249	2,227	-2,706	584	-273	1,988	1,049	308	1,182	3,163	1,277	308	1,093	2,068	1,168	208	-3,252	1,253	1,322	354	1,159	1,443	1,110	400	717	2,587	1,200	402	1,409	2,101	699	22,078	-53,787	23,094	20,370	15,100
Interest Expense	14,485	14,948	15,609	17,000	13,282	7,897	5,789	4,614	4,665	5,300	4,136	7,100	13,138	8,311	9,611	7,940	9,542	8,445	8,315	7,940	8,693	7,314	8,000	4,568	5,888	4,334	4,798	5,848	4,334	3,899	3,055	1,949	1,300	2,344	2,211	1,466	1,014	1,039	661	503	181	716	1,122	1,166	503	2,715	3,419	2,775	1,098	2,511	1,632	31	1,996	811	433	509	410	504	454	21	847	504	454	21	17,990	18,418	18,020	33,967	12,456	1,871	9,138	860	7,898	1,191,000	7,320	19,782	7,068	1,626,000	7,149	7,006	1,589	1,626,000	6,193	5,636	4,936	4,275	5,169	4,762	4,804	10,379	2,508	2,272	5,814	1,472	4,950	2,272	1,299	1,624	1,990	2,807	1,006	1,009	2,400	799	-	-	-	-	-
Interest Income	0	14,151	15,693	11,624	9,773	6,285	5,152	5,176	2,786	3,592	4,433	7,544	9,369	7,999	9,773	6,520	9,324	7,158	8,678	7,195	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	198	891	-92	92	2,691	584	348	163	88	299	112	0	45	185	-291	291	653	503	186	0	20	192	156	0	-38	72	115	0	0	0	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	153,308	127,367	155,288	97,617	83,900	153,036	158,241	146,363	173,896	188,300	146,442	98,541	67,352	56,355	-249,694	-99,295	32,512	104,883	99,686	-99,295	59,552	114,315	109,000	67,879	54,949	116,147	107,718	74,291	116,147	114,398	94,715	63,234	67,571	123,070	99,430	56,029	-41,229	122,677	115,999	79,187	41,689	96,780	115,830	72,280	79,187	89,016	78,642	26,870	35,288	48,534	94,082	61,418	-46,064	56,816	64,687	48,765	35,870	42,385	41,506	7,089	27,977	21,432	54,006	41,662	27,553	41,017	52,308	21,138	15,602	16,792	42,879	31,065	15,602	28,996	34,214	14,306	8,371	16,723	26,249	14,338	2,853	14,453	23,202	13,926	2,853	10,953	18,281	10,290	1,754	-25,680	10,690	11,872	3,174	10,832	12,809	9,164	3,796	7,035	6,567	2,101	604	3,018	3,802	1,199	200	1,400	1,400	1,003	300
Net Income Applicable To Common Shares	0	127,367	155,288	97,617	83,900	153,036	158,241	146,363	173,896	188,304	146,442	98,541	67,352	56,355	-249,694	-99,295	32,512	104,883	99,686	22,728	59,552	114,315	109,028	67,879	54,949	116,147	107,718	83,520	74,291	114,398	94,715	63,234	231,884	90,590	99,430	56,029	276,700	230,197	115,999	79,187	41,689	96,780	115,830	72,280	35,288	89,016	78,642	26,870	0	48,534	94,082	61,418	35,870	56,816	64,687	48,765	27,977	42,385	41,506	7,089	4,349	21,825	54,454	42,131	27,940	40,866	52,397	21,146	15,611	16,788	42,831	31,015	16,195	29,197	34,147	14,312	8,387	16,818	26,228	14,333	2,872	14,610	23,203	13,923	3,697	12,327	18,287	10,269	1,754	-9,772	10,687	11,833	3,191	11,139	12,815	9,186	0	0	0	0	0	0	0	-	-	-	-	-	-
Net Income From Continuing Ops	153,308	127,367	155,288	97,600	83,900	153,100	158,241	146,363	173,896	188,304	146,442	98,541	67,352	56,355	-249,694	-99,295	32,512	104,883	99,686	22,728	59,552	114,315	109,028	67,879	-182,339	854,555	-393,402	83,520	346,638	0	0	0	108,814	237,300	0	0	276,700	359,552	0	0	0	320,224	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-20,681	-20,805	-20,594	-17,000	-13,282	-9,300	-7,936	-6,401	-4,665	-5,600	-6,170	-10,400	-11,523	-11,695	-15,862	-9,221	-9,832	-10,429	-10,174	-9,662	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-
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	22,894	0	0	0	11,746	0	0	0	0	0	0	0	0	3,247	0	0	0	8,788	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	0	0	0	0	0	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	178,147	155,018	182,695	128,000	92,631	174,576	173,960	162,218	177,066	201,300	159,650	113,836	78,832	68,750	-236,097	-92,328	24,294	117,852	114,119	-92,328	78,201	127,638	121,000	76,326	62,018	124,903	121,102	69,843	124,903	128,646	102,731	70,304	72,123	129,267	106,231	61,373	-40,299	119,362	121,806	83,902	44,351	106,117	121,865	76,851	83,902	86,690	82,637	30,540	37,853	41,606	92,798	56,207	-44,739	55,839	64,395	50,491	39,540	42,727	34,484	7,652	30,153	47,789	58,843	47,155	45,978	48,768	61,266	24,364	26,362	-4,363	53,806	33,043	26,362	23,269	43,762	19,501	16,023	1,930	35,385	22,393	3,161	21,995	32,557	20,839	3,161	16,322	25,518	16,214	6,765	-18,553	14,452	15,358	7,344	13,486	17,559	12,511	5,494	9,375	11,143	5,702	2,012	5,635	7,504	2,698	22,278	-52,387	24,494	21,373	15,400
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	-	-	-	-	-	-
Other Operating Expenses	634,420	712,877	701,906	597,000	561,003	677,248	718,976	614,951	635,461	600,500	586,054	474,457	606,582	528,313	443,123	426,505	616,954	615,916	670,873	426,505	642,834	623,577	640,200	564,561	580,654	589,001	591,448	517,809	589,001	584,399	583,434	516,158	466,757	540,967	603,679	573,329	427,328	546,106	571,345	464,847	405,028	518,975	490,881	445,392	464,847	465,515	513,955	450,411	377,581	436,595	436,442	323,356	348,282	310,313	328,117	274,774	291,032	258,215	268,960	237,012	188,676	275,452	319,608	245,621	204,374	206,943	228,619	191,324	157,974	219,263	180,401	151,036	157,974	155,793	155,530	145,751	92,731	142,835	133,178	119,022	74,281	88,137	118,928	97,062	74,281	71,526	103,546	82,022	48,722	81,242	85,820	80,946	50,091	65,582	81,544	70,163	41,954	57,757	65,765	45,914	27,264	33,550	43,625	27,380	-	78,279	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-
Reconciled Depreciation	30,783	31,322	31,603	27,936	28,037	31,145	32,288	33,456	29,649	34,259	35,868	35,626	39,561	33,438	43,906	30,285	32,977	39,687	44,065	40,065	37,985	36,697	41,953	41,441	40,976	40,406	41,520	39,248	32,613	33,595	39,689	34,700	146,400	30,245	35,517	29,415	21,454	24,254	25,703	24,111	21,550	24,681	27,771	24,074	18,752	22,601	29,958	20,576	22,053	23,973	21,879	18,269	15,687	17,675	18,842	19,302	13,378	14,553	16,292	16,275	15,850	15,687	15,338	15,023	12,884	10,910	10,993	11,598	8,769	9,078	8,171	7,727	7,440	7,139	6,084	6,496	5,869	6,542	5,526	5,285	4,899	4,823	5,040	4,109	3,493	2,713	3,298	2,551	2,523	2,371	3,111	2,545	2,250	1,458	1,720	1,567	1,498	1,114	1,181	1,294	1,107	1,006	602	600	-	-	-	-	-
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	-	-	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	235,998	0	0	214,731	0	0	0	0	0	0	0	0	178,472	0	0	0	0	167,037	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	88,269	82,213	78,064	81,800	75,806	79,409	88,380	80,513	80,466	80,645	79,674	73,386	71,934	61,490	64,934	73,948	76,496	78,972	92,030	92,989	95,474	88,063	91,900	93,100	141,325	94,800	89,300	121,702	86,800	86,800	83,600	79,200	72,800	78,400	80,100	77,100	107,543	72,200	71,800	69,300	72,800	115,526	69,861	73,552	69,400	69,400	57,200	53,900	50,800	53,400	56,600	47,300	41,500	42,000	39,900	38,700	34,000	34,200	36,200	30,900	33,500	36,700	39,800	34,600	31,700	28,040	28,900	28,500	26,096	23,600	22,000	20,700	18,100	21,200	19,100	18,300	16,300	20,700	15,600	15,200	11,400	11,500	13,600	13,700	10,100	9,900	12,906	9,865	8,238	20,923	9,800	10,100	7,197	8,300	9,000	8,800	6,600	7,800	7,400	6,100	0	0	0	-	-	-	-	-	-
Tax Provision	3,600	6,903	6,676	13,400	-4,551	12,229	8,369	8,841	-1,495	7,717	6,706	4,447	-1,658	953	-2,494	-892	-17,760	3,084	3,824	868	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	88,269	82,213	78,064	81,800	75,806	79,409	88,380	80,513	80,466	80,600	79,674	73,386	71,934	61,490	64,934	73,948	76,496	78,972	92,030	73,948	95,474	88,063	91,900	93,075	103,930	94,842	89,346	86,784	94,842	86,812	83,599	79,238	67,821	78,414	80,131	77,066	79,557	72,172	71,752	69,279	72,812	69,722	69,861	73,552	69,279	64,058	57,204	53,939	69,428	53,291	56,485	47,715	50,834	42,045	39,927	38,703	41,641	34,151	36,213	30,942	33,999	54,054	59,214	51,642	32,340	33,405	31,731	38,000	26,096	56,070	22,003	28,464	26,096	34,646	19,172	30,158	16,297	42,876	15,641	15,156	17,799	11,540	13,976	14,065	17,799	8,351	12,905	9,865	8,239	13,016	12,857	12,491	9,447	9,408	10,426	10,741	8,291	9,186	8,457	7,402	5,734	5,133	4,903	3,597	-	-78,279	-	-	-
Total Other Income Expense Net	29,300	-1,949	44,026	22,200	-66,388	3,375	-2,059	1,685	28,276	300	-1,781	-1,792	-4,741	-4,998	-22,907	-123,564	-17,425	-5,346	-17,078	-123,564	-21,713	-3,097	-3,000	-5,307	-11,023	-2,161	-3,667	-235	-2,161	-1,817	-1,555	-8,751	-4,011	-5,808	-5,826	-2,014	-4,535	-330	216	1,266	-468	-6,032	-1,073	-361	1,266	-9,060	-3,555	-1,553	-5,513	-3,066	288	-4,400	-34	-3,743	-3,924	-1,438	1,159	-2,282	-2,385	-255	-1,586	-1,790	-2,289	-817	-16,339	-5,711	-4,581	-16,352	-9,676	22,277	-9,130	-860	-1,390	1,195	-7,320	-11,881	-7,068	-7,143,000	-7,149	-7,006	-7,068	-6,360	-6,193	-5,635	-4,936	-4,277	-5,168	-4,757	-4,804	-10,379	-2,508	-2,164	-1,998	23	-1,584	-2,237	-1,299	-2	-1,990	-400	-1,006	199	-700	-799	-	-	-	-	-
Total Revenue	782,709	869,901	840,438	702,900	720,022	850,008	895,581	774,871	784,251	801,600	747,153	589,585	690,155	602,314	229,704	459,103	658,673	739,658	801,635	459,103	742,748	754,356	764,200	647,268	653,695	716,395	715,368	587,887	716,395	715,026	688,867	593,290	543,848	674,508	714,153	636,191	390,620	666,001	693,783	548,795	451,415	626,165	614,322	523,040	548,795	561,652	600,239	482,565	420,776	481,755	529,777	383,229	303,797	368,935	395,324	326,789	331,280	301,720	307,797	244,807	220,415	324,801	380,740	293,592	251,177	256,056	291,117	232,041	185,727	235,306	234,207	184,079	185,727	179,062	199,292	165,251	108,754	144,765	168,563	141,415	77,441	110,132	151,485	117,901	77,441	87,847	129,064	98,238	55,487	62,688	100,272	96,304	57,435	79,068	99,102	82,674	47,448	67,132	76,909	51,616	29,276	39,185	51,129	30,078	22,278	25,891	24,494	21,373	15,400

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

Gross Profit (+$)
totalRevenue	3,195,911
Cost of Revenue	-2,315,857
Gross Profit	880,054	880,054

Operating Income (+$)
Gross Profit	880,054
Operating Expense	-330,391
Operating Income	643,853	549,663

Operating Expense (+$)
Research Development	0
Selling General Administrative	151,905
Selling And Marketing Expenses	178,486
Operating Expense	330,391	330,391

Net Interest Income (+$)
Interest Income	0
Interest Expense	-57,203
Other Finance Cost	-15,713
Net Interest Income	-72,916

Pretax Income (+$)
Operating Income	643,853
Net Interest Income	-72,916
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	564,183	549,816 EBIT - interestExpense = 470,146 564,183 590,783
Interest Expense	57,203
Earnings Before Interest and Taxes (EBIT)	527,349	621,386
Earnings Before Interest and Taxes (EBITDA)	648,993

After tax Income (+$)
Income Before Tax	564,183
Tax Provision	-22,452
Net Income From Continuing Ops	464,172	541,731
Net Income	533,580
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	2,646,248
Total Other Income/Expenses Net	94,037	72,916

Technical Analysis of Gildan Activewear Inc.
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Gildan Activewear Inc.. The general trend of Gildan Activewear Inc. 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 Gildan Activewear Inc.'s overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (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 Gildan Activewear Inc..

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

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 37.60 < 38.87.

The bearish price targets are: 33.68 > 33.00 > 31.13.

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Gildan Activewear Inc. Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

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

Score

Let's take a look at the Moving Averages of Gildan Activewear Inc.. 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 up: The MA 50 is trending up. +1
Close < MA 50: The price is below the MA 50. -1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending down: The MA 100 is trending down. -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.

Gildan Activewear Inc. Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

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

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

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Gildan Activewear Inc.. The current macd is -0.03862023.

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

Gildan Activewear Inc. Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

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

Score

Let's take a look at the Directional Movement Index (DMI) of Gildan Activewear Inc.. The current adx is 15.02.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Gildan Activewear Inc. shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Gildan Activewear Inc. Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

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

Score

Let's take a look at the Parabolic SAR of Gildan Activewear Inc.. The current sar is 37.95.

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

Gildan Activewear Inc. Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

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

Score

Let's take a look at the Relative Strength Index (RSI) of Gildan Activewear Inc.. The current rsi is 44.52. 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.

Gildan Activewear Inc. Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

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

Score

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

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 0/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
STOCH %K line > STOCH %D line: The STOCH %K line is 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 Gildan Activewear Inc. price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Gildan Activewear Inc. Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

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

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

Score

Let's take a look at the Commodity Channel Index (CCI) of Gildan Activewear Inc.. The current cci is -130.22948616.

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

Gildan Activewear Inc. Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

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

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

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Gildan Activewear Inc.. The current cmo is -20.59134348.

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

Gildan Activewear Inc. Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

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

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

Score

Let's take a look at the Williams %R of Gildan Activewear Inc.. The current willr is -84.50704225.

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

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

Gildan Activewear Inc. Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

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

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

Score

Let's take a look at the Bollinger Bands of Gildan Activewear Inc..

Gildan Activewear Inc. Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

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

Score

Let's take a look at the Average True Range (ATR) of Gildan Activewear Inc.. The current atr is 0.91733107.

Gildan Activewear Inc. Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

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

Score

Let's take a look at the On-Balance Volume (OBV) of Gildan Activewear Inc.. The current obv is -7,579,080.

Gildan Activewear Inc. Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

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

Score

Let's take a look at the Money Flow Index (MFI) of Gildan Activewear Inc.. The current mfi is 53.15.

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

MFI > 50: +1

Gildan Activewear Inc. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Gildan Activewear Inc..

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Gildan Activewear Inc. Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	44.518
Ma 20	Greater than	Ma 50	36.333
Ma 50	Greater than	Ma 100	35.402
Ma 100	Greater than	Ma 200	34.478
Open	Greater than	Close	35.110
Total			3/5 (60.0%)

Create your own Symbol Scanner

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Quick analysis of Gildan Activewear Inc. (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Gildan Activewear Inc. (5 min.)

$35.20

$11.39

$0.38 - $40.26

$11.77 - $51.66

2. Growth of Gildan Activewear Inc. (5 min.)

Is Gildan Activewear Inc. growing?

How much money is Gildan Activewear Inc. making?

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

3. Financial Health of Gildan Activewear Inc. (5 min.)

4. Comparing to competitors in the Apparel Manufacturing industry (5 min.)

Industry Rankings (Apparel Manufacturing)

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

What can you expect buying and holding a share of Gildan Activewear Inc.?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Gildan Activewear Inc.

About Gildan Activewear Inc.

Financial Health

Valuation

1.1. Profitability of Gildan Activewear Inc..

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Apparel Manufacturing)

1.1.2. Return on Assets

Trends

Compared to industry (Apparel Manufacturing)

1.1.3. Return on Equity

Trends

Compared to industry (Apparel Manufacturing)

1.2. Operating Efficiency of Gildan Activewear Inc..

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Apparel Manufacturing)

1.2.2. Operating Ratio

Trends

Compared to industry (Apparel Manufacturing)

1.3. Liquidity of Gildan Activewear Inc..

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Apparel Manufacturing)

1.3.2. Quick Ratio

Trends

Compared to industry (Apparel Manufacturing)

1.4. Solvency of Gildan Activewear Inc..

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Apparel Manufacturing)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Apparel Manufacturing)

2. Market Valuation of Gildan Activewear Inc.

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Apparel Manufacturing)

Gildan Activewear Inc.
Buy, Hold or Sell?