HMN Financial Inc
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Let's analyse HMN Financial Inc together

Penke I guess you are interested in HMN Financial 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 HMN Financial 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 HMN Financial Inc (30 sec.)

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

How much money do you get?

$0.29

When do you have the money?

1 year

How often do you get paid?

45.0%

What is your share worth?

Current worth

$24.14

Expected worth in 1 year

$26.55

How sure are you?

67.5%

+ What do you gain per year?

Total Gains per Share

$2.71

Return On Investment

13.7%

For what price can you sell your share?

Current Price per Share

$19.75

Expected price per share

$18.39 - $21.97

How sure are you?

50%

1. Valuation of HMN Financial Inc (5 min.)

Live pricePrice per Share (EOD)

$19.75

Book Value per Share

$24.14

Intrinsic Value Per Share

$-8.10 - $49.68

Total Value Per Share

$16.03 - $73.82

My calculation of the intrinsic value of HMN Financial 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: ($0.92) 3Y: ($1.08) TTM: ($0.63)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.02) 3Y: ($-0.06) TTM: ($0.01)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.92	$4.43	$2.64 - $4.62
2	$4.75	$9.01	$1.62 - $4.92
3	$5.59	$13.73	$0.60 - $5.21
4	$5.56	$18.57	$-0.42 - $5.50
5	$4.76	$23.53	$-1.44 - $5.80
6	$3.26	$28.60	$-2.46 - $6.09
7	$1.16	$33.75	$-3.48 - $6.38
8	$-1.48	$38.99	$-4.50 - $6.67
9	$-4.59	$44.30	$-5.52 - $6.97
10	$-8.10	$49.68	$-6.54 - $7.26

2. Growth of HMN Financial Inc (5 min.)

Is HMN Financial Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$107.7m	$95.8m	$269.5m	73.8%

How much money is HMN Financial Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$1.5m	$2m	-$510k	-34.0%
Net Profit Margin	14.1%	19.5%	-	-

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

Quarterly Yearly

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

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

Industry Rankings (Banks - Regional)

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

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

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

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

Speculation

The Price per Share of HMN Financial Inc is $19.75. 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 HMN Financial 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 HMN Financial 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 $24.14. Based on the TTM, the Book Value Change Per Share is $0.60 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.73 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 $0.07 per quarter.

Based on historical numbers we can estimate the returns while holding a share of HMN Financial 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	0.33	1.6%	0.34	1.7%	0.45	2.3%	0.50	2.5%	0.40	2.0%
Usd Book Value Change Per Share	-233.97	-1,184.6%	0.60	3.1%	-0.73	-3.7%	0.31	1.5%	0.12	0.6%
Usd Dividend Per Share	0.08	0.4%	0.07	0.4%	0.06	0.3%	0.04	0.2%	0.06	0.3%
Usd Total Gains Per Share	-233.89	-1,184.2%	0.68	3.4%	-0.67	-3.4%	0.34	1.7%	0.18	0.9%
Usd Price Per Share	23.00	-	20.04	-	22.92	-	20.53	-	17.80	-
Price to Earnings Ratio	17.67	-	14.95	-	13.34	-	11.74	-	13.07	-
Price-to-Total Gains Ratio	-0.10	-	15.23	-	-9.81	-	33.45	-	24.74	-
Price to Book Ratio	0.95	-	0.68	-	1.07	-	0.90	-	0.91	-
Price-to-Total Gains Ratio	-0.10	-	15.23	-	-9.81	-	33.45	-	24.74	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	19.75
Number of shares	50

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.07	0.04
Usd Book Value Change Per Share	0.60	0.31
Usd Total Gains Per Share	0.68	0.34
Gains per Quarter (50 shares)	33.83	17.03
Gains per Year (50 shares)	135.32	68.12

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	15	121	125	7	61	58
2	29	241	260	14	122	126
3	44	362	395	21	183	194
4	59	483	530	28	244	262
5	73	603	665	35	305	330
6	88	724	800	42	366	398
7	102	845	935	49	427	466
8	117	965	1070	56	489	534
9	132	1086	1205	63	550	602
10	146	1207	1340	71	611	670

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	102.0	16.0	0.0	86.4%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	16.0	4.0	0.0	80.0%	27.0	13.0	0.0	67.5%	77.0	41.0	0.0	65.3%
Dividend per Share	4.0	0.0	0.0	100.0%	11.0	0.0	1.0	91.7%	11.0	0.0	9.0	55.0%	18.0	0.0	22.0	45.0%	69.0	0.0	49.0	58.5%
Total Gains per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	16.0	4.0	0.0	80.0%	27.0	13.0	0.0	67.5%	82.0	36.0	0.0	69.5%

Fundamentals of HMN Financial Inc

About HMN Financial Inc

https://www.justcallhome.com
Banks - Regional
161
1016 Civic Center Drive Northwest, Rochester, MN, United States, 55901
Google Maps Bing Maps

HMN Financial, Inc. operates as a bank holding company for Home Federal Savings Bank that provides various retail banking products and services. The company offers various deposit accounts, such as savings, interest bearing checking, non-interest bearing checking, money market, and certificate accounts. Its loan products include single family residential loans; commercial real estate and multi-family mortgage loans; construction loans; consumer loans, such as home equity, automobile, recreational vehicle, mobile home, and lot loans, as well as loans secured by deposit accounts, and other loans for household and personal purposes; and commercial business loans. The company also offers financial planning products and services; and invests in mortgage-backed and related securities, the United States government agency obligations, and other permissible investments. HMN Financial, Inc. was founded in 1934 and is headquartered in Rochester, Minnesota.

Fundamental data was last updated by Penke on 2024-04-11 10:47:04.

Financial Health

Profitability Details

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

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of HMN Financial Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare HMN Financial Inc to the Banks - Regional industry mean.
A Net Profit Margin of 12.6% means that $0.13 for each $1 in revenue is generated as profit.

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

The MRQ is 12.6%. The company is making a huge profit. +2
The TTM is 14.1%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	12.6%	TTM	14.1%	-1.6%
TTM	14.1%	YOY	19.5%	-5.3%
TTM	14.1%	5Y	21.5%	-7.4%
5Y	21.5%	10Y	19.9%	+1.6%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	12.6%	18.4%	-5.8%
TTM	14.1%	28.0%	-13.9%
YOY	19.5%	25.2%	-5.7%
5Y	21.5%	22.8%	-1.3%
10Y	19.9%	19.8%	+0.1%

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

Revenue is the amount of profit HMN Financial 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 HMN Financial 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 HMN Financial Inc to the Banks - Regional industry mean.
Can be used to compare companies within the Banks - Regional industry.

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

Why do investors use net profit margin in their analysis

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

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of HMN Financial Inc is 0.13. This means that HMN Financial Inc earned $0.13 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how HMN Financial Inc is performing over time. The most recent quarter might be important if HMN Financial 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 HMN Financial 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 HMN Financial Inc with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when HMN Financial Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of HMN Financial 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 HMN Financial 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 HMN Financial Inc = 1,452
Total revenue MRQ HMN Financial Inc = 11,540
$1,452 / $11,540 = 0.13 or 12.6%

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 HMN Financial Inc is using its assets to generate profit.

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

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

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

Trends

Current period		Compared to		+/-
MRQ	0.1%	TTM	0.1%	0.0%
TTM	0.1%	YOY	0.2%	-0.1%
TTM	0.1%	5Y	0.2%	-0.1%
5Y	0.2%	10Y	0.2%	+0.0%

Compared to industry (Banks - Regional)

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

Shows how efficient HMN Financial 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 HMN Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

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

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

Income statement
Balance sheet

Net income MRQ (income statement) from HMN Financial Inc = 1,452
Total assets MRQ (balance sheet) from HMN Financial Inc = 1,107,135
1,452 / 1,107,135 = 0.00 or 0.1%

ROA is an important ratio as it will tell you how effectively HMN Financial 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 HMN Financial Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare HMN Financial Inc to the Banks - Regional industry mean.
1.3% Return on Equity means HMN Financial Inc generated $0.01 for each $1 the owners (shareholders) invested.

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

The MRQ is 1.3%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.5%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.3%	TTM	1.5%	-0.1%
TTM	1.5%	YOY	2.1%	-0.6%
TTM	1.5%	5Y	2.3%	-0.8%
5Y	2.3%	10Y	2.1%	+0.2%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	1.3%	1.4%	-0.1%
TTM	1.5%	2.5%	-1.0%
YOY	2.1%	2.7%	-0.6%
5Y	2.3%	2.5%	-0.2%
10Y	2.1%	2.8%	-0.7%

Shows how efficient HMN Financial 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 HMN Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

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

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of HMN Financial Inc is 1.3%. This means HMN Financial Inc generated $0.01 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how HMN Financial Inc is performing over time. The most recent quarter might be important if HMN Financial 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 HMN Financial Inc up to 10 years back (depending if HMN Financial 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 HMN Financial Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) HMN Financial Inc = 1,452
Shareholders equity (balance sheet) MRQ HMN Financial Inc = 107,707
1,452 / 107,707 = 0.01 or 1.3%

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 HMN Financial Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient HMN Financial Inc is operating .

Measures how much profit HMN Financial 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 HMN Financial Inc to the Banks - Regional industry mean.
An Operating Margin of 32.4% means the company generated $0.32 for each $1 in revenue (before taxes).

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

The MRQ is 32.4%. The company is operating very efficient. +2
The TTM is 32.4%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	32.4%	TTM	32.4%	+0.0%
TTM	32.4%	YOY	32.0%	+0.4%
TTM	32.4%	5Y	37.5%	-5.1%
5Y	37.5%	10Y	36.1%	+1.4%

Measures how efficient HMN Financial 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 HMN Financial Inc to the Banks - Regional industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit HMN Financial 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 HMN Financial Inc is 32.4%. This means that HMN Financial Inc earned $0.32 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how HMN Financial Inc is performing over time. The most recent quarter might be important if HMN Financial 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 HMN Financial 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 HMN Financial Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ HMN Financial Inc = 1,870
Total revenue MRQ HMN Financial Inc = 11,540
$1,870 / $11,540 = 0.32 or 32.4%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient HMN Financial Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of -0.84 means that the operating costs are $-0.84 for each $1 in net sales.

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

The MRQ is -0.838.
The TTM is -0.734.

Trends

Current period		Compared to		+/-
MRQ	-0.838	TTM	-0.734	-0.104
TTM	-0.734	YOY	-0.237	-0.497
TTM	-0.734	5Y	-0.628	-0.106
5Y	-0.628	10Y	-0.728	+0.100

Measures how efficient HMN Financial 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 HMN Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

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

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of HMN Financial Inc is -83.8%. This means that HMN Financial Inc earned $-0.84 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how HMN Financial Inc is performing over time. The most recent quarter might be important if HMN Financial 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 HMN Financial 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 HMN Financial 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
(0 +-9,670) \ 11,540 = -0.84

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 HMN Financial Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.06 means the company has $0.06 in assets for each $1 in short-term debts.

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

The MRQ is 0.058. The company is unable to pay all its short-term debts. -2
The TTM is 505.095. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	0.058	TTM	505.095	-505.037
TTM	505.095	YOY	6,791.578	-6,286.483
TTM	505.095	5Y	3,943.193	-3,438.098
5Y	3,943.193	10Y	3,517.338	+425.855

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	505.095	0.124	+504.971
YOY	6,791.578	0.225	+6,791.353
5Y	3,943.193	0.219	+3,942.974
10Y	3,517.338	0.131	+3,517.207

Measures if HMN Financial 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 Banks - Regional industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for HMN Financial 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 HMN Financial Inc is 0.06. This means HMN Financial Inc has $0.06 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how HMN Financial Inc is performing over time. The most recent quarter might be important if HMN Financial 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 HMN Financial 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 HMN Financial Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
14,704 \ 251,857) = 0.06

The current ratio measures if HMN Financial 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 HMN Financial 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 HMN Financial 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 HMN Financial 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 HMN Financial Inc is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare HMN Financial Inc to the Banks - Regional industry mean.
A Quick Ratio of 0.91 means the company can pay off $0.91 for each $1 in debt (using most liquid assets).

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

The MRQ is 0.912. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 174.748. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.912	TTM	174.748	-173.835
TTM	174.748	YOY	8,486.976	-8,312.228
TTM	174.748	5Y	3,493.551	-3,318.803
5Y	3,493.551	10Y	2,487.052	+1,006.499

Measures if HMN Financial 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 HMN Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast HMN Financial Inc can pay off its short term debts. This shows if HMN Financial 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 HMN Financial Inc is 0.91. This means that HMN Financial Inc can pay off $0.91 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how HMN Financial Inc is performing over time. The most recent quarter might be important if HMN Financial 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 HMN Financial 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 HMN Financial 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 HMN Financial Inc: (11,151 + 215,094 +3,553) / 251,857 = 0.91

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 HMN Financial Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare HMN Financial Inc to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.90 means that HMN Financial Inc assets are financed with 90.3% credit (debt) and the remaining percentage (100% - 90.3%) is financed by its owners/shareholders.

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

The MRQ is 0.903. The company is just able to pay all its debts by selling its assets.
The TTM is 0.680. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.903	TTM	0.680	+0.223
TTM	0.680	YOY	0.910	-0.230
TTM	0.680	5Y	0.850	-0.170
5Y	0.850	10Y	0.866	-0.017

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.903	0.915	-0.012
TTM	0.680	0.917	-0.237
YOY	0.910	0.919	-0.009
5Y	0.850	0.919	-0.069
10Y	0.866	0.927	-0.061

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare HMN Financial Inc to Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

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

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

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of HMN Financial Inc is 0.90. This means means that HMN Financial Inc is financed with 90.3% 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 Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how HMN Financial Inc is performing over time. The most recent quarter might be important if HMN Financial 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 HMN Financial 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 HMN Financial Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example HMN Financial Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
999,428 \ 1,107,135 = 90.3% or 0.90.

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 HMN Financial Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare HMN Financial Inc to the Banks - Regional industry mean.
A Debt to Equity ratio of 927.9% means that company has $9.28 debt for each $1 in shareholders equity.

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

The MRQ is 9.279. The company is unable to pay all its debts with equity. -1
The TTM is 7.214. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	9.279	TTM	7.214	+2.066
TTM	7.214	YOY	10.115	-2.902
TTM	7.214	5Y	8.145	-0.932
5Y	8.145	10Y	7.875	+0.270

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	9.279	10.829	-1.550
TTM	7.214	11.013	-3.799
YOY	10.115	11.363	-1.248
5Y	8.145	11.437	-3.292
10Y	7.875	13.038	-5.163

Measures if HMN Financial 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 HMN Financial 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 HMN Financial Inc is 9.28. This means that HMN Financial Inc can pay off $9.28 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how HMN Financial Inc is performing over time. The most recent quarter might be important if HMN Financial 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 HMN Financial 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 HMN Financial Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
999,428 \ 107,707 = 9.28 or 927.9%

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 HMN Financial 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 HMN Financial Inc generates.

Above 15 is considered overpriced but always compare HMN Financial Inc to the Banks - Regional industry mean.
A PE ratio of 17.67 means the investor is paying $17.67 for every $1 in earnings.

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

The EOD is 15.175. Based on the earnings, the company is fair priced.
The MRQ is 17.672. Based on the earnings, the company is fair priced.
The TTM is 14.947. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	15.175	MRQ	17.672	-2.497
MRQ	17.672	TTM	14.947	+2.725
TTM	14.947	YOY	13.341	+1.607
TTM	14.947	5Y	11.743	+3.205
5Y	11.743	10Y	13.067	-1.324

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	15.175	7.604	+7.571
MRQ	17.672	6.680	+10.992
TTM	14.947	5.295	+9.652
YOY	13.341	6.943	+6.398
5Y	11.743	9.770	+1.973
10Y	13.067	9.943	+3.124

Measures how much money you pay for each share for every $1 in earnings HMN Financial 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 HMN Financial Inc to the Banks - Regional industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

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

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

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

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of HMN Financial Inc is 17.67. This means the investor is paying $17.67 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how HMN Financial Inc is performing over time. The most recent quarter might be important if HMN Financial 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 HMN Financial 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 HMN Financial 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 \ 4,458 = EPS
PE ratio MRQ = 17.67

* 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 HMN Financial Inc:

The EOD is 4.482. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 5.220. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 0.898. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	4.482	MRQ	5.220	-0.738
MRQ	5.220	TTM	0.898	+4.322
TTM	0.898	YOY	3.578	-2.680
TTM	0.898	5Y	-12.360	+13.258
5Y	-12.360	10Y	0.623	-12.983

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	4.482	-2.126	+6.608
MRQ	5.220	-1.868	+7.088
TTM	0.898	-0.342	+1.240
YOY	3.578	6.448	-2.870
5Y	-12.360	0.429	-12.789
10Y	0.623	0.091	+0.532

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 0.95 means the investor is paying $0.95 for each $1 in book value.

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

The EOD is 0.818. Based on the equity, the company is cheap. +2
The MRQ is 0.953. Based on the equity, the company is cheap. +2
The TTM is 0.676. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.818	MRQ	0.953	-0.135
MRQ	0.953	TTM	0.676	+0.277
TTM	0.676	YOY	1.069	-0.393
TTM	0.676	5Y	0.905	-0.229
5Y	0.905	10Y	0.913	-0.008

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.818	0.439	+0.379
MRQ	0.953	0.386	+0.567
TTM	0.676	0.470	+0.206
YOY	1.069	0.642	+0.427
5Y	0.905	0.795	+0.110
10Y	0.913	1.025	-0.112

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding HMN Financial Inc

Institutions are holding 60.124% of the shares of HMN Financial Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	AllianceBernstein L.P.	9.8633	0.0039	439698	3858	0.8852
2023-12-31	M3F, Inc.	7.4274	2.4179	331107	-9895	-2.9017
2023-12-31	Gendell Jeffrey L	7.2585	0.4046	323577	15300	4.9631
2023-09-30	FJ Capital Management LLC	6.3584	0.6137	283453	0	0
2023-12-31	Dimensional Fund Advisors, Inc.	6.0488	0.0018	269649	-223	-0.0826
2023-12-31	Grace & White Inc	4.5984	0.8273	204992	700	0.3426
2023-12-31	RSM US WEALTH MANAGEMENT LLC	2.9126	0.0809	129840	-1935	-1.4684
2023-09-30	Fourthstone LLC	2.1797	0.4219	97168	48521	99.741
2023-12-31	Bridgeway Capital Management, LLC	1.7251	0.0379	76904	2304	3.0885
2023-12-31	Renaissance Technologies Corp	1.6628	0.0026	74125	-2700	-3.5145
2023-12-31	Vanguard Group Inc	1.3553	0	60417	-161639	-72.792
2023-12-31	Geode Capital Management, LLC	0.9769	0.0001	43548	3033	7.4861
2023-12-31	Pinnacle Holdings, LLC	0.8793	0.371	39200	0	0
2023-12-31	BlackRock Inc	0.834	0	37179	-199	-0.5324
2023-12-31	BHZ Capital Management, LP.	0.7037	0.3816	31371	-1784	-5.3808
2023-12-31	Empowered Funds, LLC	0.5901	0.0152	26304	2304	9.6
2023-12-31	Otter Creek Advisors, LLC	0.5604	0.3414	24984	0	0
2023-12-31	Northern Trust Corp	0.2678	0.0001	11940	11940	0
2023-12-31	State Street Corporation	0.2094	0	9333	-7058	-43.0602
2023-12-31	Acadian Asset Management LLC	0.031	0.0001	1380	0	0
Total		56.4429	5.922	2516169	-97473	-3.9%

3.2. Funds holding HMN Financial Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	DFA US Small Cap Value I	2.201	0.0127	98222	0	0
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.3192	0.0012	58871	0	0
2024-02-29	DFA US Micro Cap I	0.7679	0.0095	34270	0	0
2024-02-29	DFA US Small Cap I	0.7446	0.0043	33229	0	0
2023-12-31	Bridgeway Omni Small-Cap Value	0.7126	0.057	31800	0	0
2023-12-31	Bridgeway Omni Small-Cap Value N	0.7126	0.0571	31800	0	0
2024-03-28	EA Bridgeway Omni Small-Cap Value ETF	0.6365	0.0487	28404	0	0
2024-02-29	Fidelity Extended Market Index	0.5108	0.0012	22795	-110	-0.4802
2024-01-31	Otter Creek Long/Short Opportunity Instl	0.5084	0.3678	22687	-2297	-9.1939
2024-03-29	Dimensional US Targeted Value ETF	0.4307	0.004	19218	0	0
2023-12-31	Bridgeway Ultra-Small Company Market	0.4213	0.2327	18800	0	0
2024-02-29	DFA US Core Equity 2 I	0.2547	0.0007	11368	0	0
2024-02-29	Fidelity Total Market Index	0.1828	0.0002	8156	0	0
2024-03-28	iShares Micro-Cap ETF	0.1781	0.0182	7950	0	0
2024-02-29	Fidelity Series Total Market Index	0.1564	0.0002	6980	-153	-2.145
2024-02-29	DFA US Core Equity 1 I	0.1544	0.0004	6890	0	0
2024-02-29	DFA US Targeted Value I	0.1038	0.0007	4634	0	0
2024-03-29	Dimensional US Marketwide Value ETF	0.0774	0.0007	3456	0	0
2024-03-29	Dimensional US Small Cap ETF	0.0764	0.0009	3408	0	0
2024-02-29	Fidelity Nasdaq Composite Index	0.0758	0.0004	3382	0	0
Total		10.2254	0.8186	456320	-2560	-0.6%

3.3. Insider Transactions

Insiders are holding 17.425% of the shares of HMN Financial Inc.

Date	Owner	Type	Amount	Price	Post Transaction Amount	Link
2023-05-02	Bradley Krehbiel	BUY	1000	17.99
2023-04-27	Jeffrey Bolton	BUY	54	18.35

4. Summary

4.1. Key Performance Indicators

The key performance indicators of HMN Financial 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	-	-	-233.966	0.603	-38874%	-0.734	-100%	0.305	-76730%	0.124	-188154%
Book Value Per Share	-	-	24.136	81.897	-71%	21.463	+12%	33.643	-28%	24.987	-3%
Current Ratio	-	-	0.058	505.095	-100%	6791.578	-100%	3943.193	-100%	3517.338	-100%
Debt To Asset Ratio	-	-	0.903	0.680	+33%	0.910	-1%	0.850	+6%	0.866	+4%
Debt To Equity Ratio	-	-	9.279	7.214	+29%	10.115	-8%	8.145	+14%	7.875	+18%
Dividend Per Share	-	-	0.078	0.073	+7%	0.059	+33%	0.035	+122%	0.055	+42%
Eps	-	-	0.325	0.336	-3%	0.450	-28%	0.503	-35%	0.403	-19%
Free Cash Flow Per Share	-	-	1.102	0.628	+75%	1.734	-36%	0.965	+14%	0.915	+20%
Free Cash Flow To Equity Per Share	-	-	-11.666	0.527	-2315%	3.740	-412%	4.864	-340%	2.659	-539%
Gross Profit Margin	-	-	-2.625	0.094	-2897%	1.000	-362%	0.819	-421%	0.909	-389%
Intrinsic Value_10Y_max	-	-	49.681	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-8.103	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	4.431	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.920	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	13.731	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	5.592	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	23.533	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	4.759	-	-	-	-	-	-	-	-
Market Cap	88135560.000	-16%	102638880.000	89407389.600	+15%	102391280.960	+0%	93029697.065	+10%	82074926.249	+25%
Net Profit Margin	-	-	0.126	0.141	-11%	0.195	-35%	0.215	-42%	0.199	-37%
Operating Margin	-	-	0.324	0.324	+0%	0.320	+1%	0.375	-14%	0.361	-10%
Operating Ratio	-	-	-0.838	-0.734	-12%	-0.237	-72%	-0.628	-25%	-0.728	-13%
Pb Ratio	0.818	-16%	0.953	0.676	+41%	1.069	-11%	0.905	+5%	0.913	+4%
Pe Ratio	15.175	-16%	17.672	14.947	+18%	13.341	+32%	11.743	+50%	13.067	+35%
Price Per Share	19.750	-16%	23.000	20.035	+15%	22.923	+0%	20.532	+12%	17.796	+29%
Price To Free Cash Flow Ratio	4.482	-16%	5.220	0.898	+481%	3.578	+46%	-12.360	+337%	0.623	+738%
Price To Total Gains Ratio	-0.084	+14%	-0.098	15.235	-101%	-9.812	+9878%	33.446	-100%	24.736	-100%
Quick Ratio	-	-	0.912	174.748	-99%	8486.976	-100%	3493.551	-100%	2487.052	-100%
Return On Assets	-	-	0.001	0.001	-3%	0.002	-30%	0.002	-46%	0.002	-44%
Return On Equity	-	-	0.013	0.015	-8%	0.021	-36%	0.023	-41%	0.021	-35%
Total Gains Per Share	-	-	-233.888	0.677	-34669%	-0.675	-100%	0.341	-68771%	0.180	-130329%
Usd Book Value	-	-	107707000.000	365468750.000	-71%	95879250.000	+12%	151696150.000	-29%	114253625.000	-6%
Usd Book Value Change Per Share	-	-	-233.966	0.603	-38874%	-0.734	-100%	0.305	-76730%	0.124	-188154%
Usd Book Value Per Share	-	-	24.136	81.897	-71%	21.463	+12%	33.643	-28%	24.987	-3%
Usd Dividend Per Share	-	-	0.078	0.073	+7%	0.059	+33%	0.035	+122%	0.055	+42%
Usd Eps	-	-	0.325	0.336	-3%	0.450	-28%	0.503	-35%	0.403	-19%
Usd Free Cash Flow	-	-	4916000.000	2802500.000	+75%	7742250.000	-37%	4367500.000	+13%	4227850.000	+16%
Usd Free Cash Flow Per Share	-	-	1.102	0.628	+75%	1.734	-36%	0.965	+14%	0.915	+20%
Usd Free Cash Flow To Equity Per Share	-	-	-11.666	0.527	-2315%	3.740	-412%	4.864	-340%	2.659	-539%
Usd Market Cap	88135560.000	-16%	102638880.000	89407389.600	+15%	102391280.960	+0%	93029697.065	+10%	82074926.249	+25%
Usd Price Per Share	19.750	-16%	23.000	20.035	+15%	22.923	+0%	20.532	+12%	17.796	+29%
Usd Profit	-	-	1452000.000	1501250.000	-3%	2011250.000	-28%	2285500.000	-36%	1875925.000	-23%
Usd Revenue	-	-	11540000.000	10690000.000	+8%	10285750.000	+12%	10472100.000	+10%	9211075.000	+25%
Usd Total Gains Per Share	-	-	-233.888	0.677	-34669%	-0.675	-100%	0.341	-68771%	0.180	-130329%
	EOD	+5 -3	MRQ	TTM	+11 -25	YOY	+15 -21	5Y	+10 -26	10Y	+10 -26

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	15.175
Price to Book Ratio (EOD)	Between	0-1	0.818
Net Profit Margin (MRQ)	Greater than	0	0.126
Operating Margin (MRQ)	Greater than	0	0.324
Quick Ratio (MRQ)	Greater than	1	0.912
Current Ratio (MRQ)	Greater than	1	0.058
Debt to Asset Ratio (MRQ)	Less than	1	0.903
Debt to Equity Ratio (MRQ)	Less than	1	9.279
Return on Equity (MRQ)	Greater than	0.15	0.013
Return on Assets (MRQ)	Greater than	0.05	0.001
Total			4/10 (40.0%)

Create your own Stock Scanner

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

4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	40.743
Ma 20	Greater than	Ma 50	20.459
Ma 50	Greater than	Ma 100	20.343
Ma 100	Greater than	Ma 200	21.069
Open	Greater than	Close	19.750
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities	-298	-751	-1,049	-66	-1,115	-1,262	-2,377	254,022	251,645
Long-term Assets Other	-8,347	-234,224	-242,571	9,755	-232,816	11,869	-220,947	1,285,395	1,064,448
Net Working Capital	284,983	567,126	852,109	44,337	896,446	56,799	953,245	-1,190,398	-237,153
Depreciation and Amortization	509	-28	481	13	494	-3	491	-2,361	-1,870

Latest Balance Sheet

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

Summary

Total Assets	1,107,135
Total Liabilities	999,428
Total Stockholder Equity	107,707

	As reported
Total Liabilities	999,428
Total Stockholder Equity	+ 107,707
Total Assets	= 1,107,135

Assets

Total Assets	1,107,135
Total Current Assets	14,704
Long-term Assets	1,092,431

Total Current Assets

Total Current Assets (as reported)	14,704
Cash And Cash Equivalents	11,151
Short-term Investments	215,094
Net Receivables	3,553
Other Current Assets	14,704
Total Current Assets (calculated)	244,502
+/-	229,798

Long-term Assets

Long-term Assets (as reported)	1,092,431
Property Plant Equipment	16,295
Goodwill	802
Long Term Investments	215,094
Intangible Assets	2,709
Long-term Assets Other	1,064,448
Long-term Assets (calculated)	1,299,348
+/-	206,917

Liabilities & Shareholders' Equity

Total Current Liabilities	251,857
Long-term Liabilities	747,571
Total Stockholder Equity	107,707

Total Current Liabilities

Total Current Liabilities (as reported)	251,857
Short-term Debt	212
Accounts payable	2,399
Other Current Liabilities	251,645
Total Current Liabilities (calculated)	254,256
+/-	2,399

Long-term Liabilities

Long-term Liabilities (as reported)	747,571
Long term Debt	13,200
Long-term Liabilities (calculated)	13,200
+/-	734,371

Total Stockholder Equity

Total Stockholder Equity (as reported)	107,707
Common Stock	91
Retained Earnings	142,278
Accumulated Other Comprehensive Income	-13,191
Other Stockholders Equity	-21,471
Total Stockholder Equity (calculated)	107,707
+/-	0

Other

Capital Stock	91
Cash and Short Term Investments	11,151
Common Stock Shares Outstanding	4,458
Current Deferred Revenue	-2,399
Liabilities and Stockholders Equity	1,107,135
Net Debt	2,362
Net Invested Capital	120,907
Net Working Capital	-237,153
Property Plant and Equipment Gross	34,834
Short Long Term Debt Total	13,513

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

> Total Assets

498,500
483,500
494,900
507,700
536,700
529,600
537,900
542,000
555,000
565,400
554,700
553,000
566,900
568,800
691,200
732,100
725,200
706,300
694,700
681,900
680,000
687,500
699,200
705,704
716,209
722,157
716,016
730,490
731,345
721,427
721,114
718,781
693,723
719,469
737,523
761,399
785,910
807,043
866,436
899,725
914,098
955,335
960,673
991,326
985,662
982,304
991,237
989,984
1,009,935
991,258
977,789
1,117,043
1,127,426
1,147,413
1,117,054
1,104,769
1,076,163
1,128,900
1,145,480
1,113,359
1,053,618
1,032,717
1,036,241
1,028,476
975,243
907,401
880,618
878,756
807,374
818,384
790,155
706,409
670,314
643,723
653,327
627,086
560,974
562,565
648,622
620,775
609,882
594,433
577,426
565,487
564,001
618,917
643,161
638,156
653,385
685,667
682,023
680,981
725,183
716,610
722,685
722,339
726,285
737,445
712,315
722,745
722,767
763,228
777,639
784,200
862,783
898,452
909,580
971,305
981,026
1,036,615
1,069,538
1,029,398
1,082,009
1,047,793
1,096,202
1,071,582
1,109,367
1,154,171
1,107,135

1,107,135

1,154,171

1,109,367

1,071,582

1,096,202

1,047,793

1,082,009

1,029,398

1,069,538

1,036,615

981,026

971,305

909,580

898,452

862,783

784,200

777,639

763,228

722,767

722,745

712,315

737,445

726,285

722,339

722,685

716,610

725,183

680,981

682,023

685,667

653,385

638,156

643,161

618,917

564,001

565,487

577,426

594,433

609,882

620,775

648,622

562,565

560,974

627,086

653,327

643,723

670,314

706,409

790,155

818,384

807,374

878,756

880,618

907,401

975,243

1,028,476

1,036,241

1,032,717

1,053,618

1,113,359

1,145,480

1,128,900

1,076,163

1,104,769

1,117,054

1,147,413

1,127,426

1,117,043

977,789

991,258

1,009,935

989,984

991,237

982,304

985,662

991,326

960,673

955,335

914,098

899,725

866,436

807,043

785,910

761,399

737,523

719,469

693,723

718,781

721,114

721,427

731,345

730,490

716,016

722,157

716,209

705,704

699,200

687,500

680,000

681,900

694,700

706,300

725,200

732,100

691,200

568,800

566,900

553,000

554,700

565,400

555,000

542,000

537,900

529,600

536,700

507,700

494,900

483,500

498,500

> Total Current Assets

48,000
9,400
15,400
9,700
16,400
12,500
7,700
12,700
9,300
20,700
14,000
15,700
15,400
12,800
679,200
719,600
712,500
693,100
680,700
667,900
666,000
673,600
685,500
691,941
702,141
708,082
701,781
716,870
716,883
-3,833,081
-3,765,333
-3,736,621
-3,730,635
-3,673,844
598,887
645,296
663,381
701,885
745,414
770,703
787,622
833,833
837,171
875,283
867,022
867,566
852,962
847,120
846,429
827,382
832,340
909,223
902,371
917,395
913,771
930,062
938,795
928,576
955,635
938,966
902,780
882,770
864,558
854,635
807,029
748,338
718,018
710,415
662,682
664,549
654,589
609,253
584,916
575,941
558,531
527,260
462,003
464,383
532,247
509,867
474,210
445,517
431,103
402,975
430,102
464,296
521,826
522,915
566,957
594,615
592,463
591,457
635,462
627,177
634,106
629,962
634,394
645,160
619,788
630,398
630,217
664,911
656,235
669,586
751,186
765,782
747,455
778,134
755,636
787,810
382,040
316,093
829,714
270,519
285,281
853,158
897,561
955,622
14,704

14,704

955,622

897,561

853,158

285,281

270,519

829,714

316,093

382,040

787,810

755,636

778,134

747,455

765,782

751,186

669,586

656,235

664,911

630,217

630,398

619,788

645,160

634,394

629,962

634,106

627,177

635,462

591,457

592,463

594,615

566,957

522,915

521,826

464,296

430,102

402,975

431,103

445,517

474,210

509,867

532,247

464,383

462,003

527,260

558,531

575,941

584,916

609,253

654,589

664,549

662,682

710,415

718,018

748,338

807,029

854,635

864,558

882,770

902,780

938,966

955,635

928,576

938,795

930,062

913,771

917,395

902,371

909,223

832,340

827,382

846,429

847,120

852,962

867,566

867,022

875,283

837,171

833,833

787,622

770,703

745,414

701,885

663,381

645,296

598,887

-3,673,844

-3,730,635

-3,736,621

-3,765,333

-3,833,081

716,883

716,870

701,781

708,082

702,141

691,941

685,500

673,600

666,000

667,900

680,700

693,100

712,500

719,600

679,200

12,800

15,400

15,700

14,000

20,700

9,300

12,700

7,700

12,500

16,400

9,700

15,400

9,400

48,000

Cash And Cash Equivalents

45,300
6,400
12,100
6,400
12,600
9,200
4,300
9,400
5,900
17,400
10,600
12,800
11,600
9,600
9,400
21,300
9,200
7,500
21,000
6,700
10,500
6,500
9,100
8,254
11,439
13,959
14,417
14,737
32,049
21,324
23,020
65,425
37,845
48,021
27,729
32,795
20,593
17,855
30,497
33,502
41,639
43,103
34,298
39,340
24,517
27,463
47,269
55,132
62,608
71,239
43,776
85,633
35,592
51,916
23,718
27,536
14,475
17,220
15,729
12,541
16,158
20,469
16,418
34,301
24,704
10,917
20,981
39,976
26,724
38,311
67,840
45,977
65,618
76,400
83,660
72,995
29,933
57,652
120,686
100,016
81,202
57,177
46,634
22,936
39,557
10,359
39,782
13,766
18,880
34,594
27,561
12,489
31,892
30,600
37,564
26,576
31,710
48,076
20,709
15,121
16,357
62,507
44,399
35,744
65,810
76,027
86,269
115,391
100,406
149,436
94,143
29,176
94,954
18,645
36,259
10,120
13,234
46,676
11,151

11,151

46,676

13,234

10,120

36,259

18,645

94,954

29,176

94,143

149,436

100,406

115,391

86,269

76,027

65,810

35,744

44,399

62,507

16,357

15,121

20,709

48,076

31,710

26,576

37,564

30,600

31,892

12,489

27,561

34,594

18,880

13,766

39,782

10,359

39,557

22,936

46,634

57,177

81,202

100,016

120,686

57,652

29,933

72,995

83,660

76,400

65,618

45,977

67,840

38,311

26,724

39,976

20,981

10,917

24,704

34,301

16,418

20,469

16,158

12,541

15,729

17,220

14,475

27,536

23,718

51,916

35,592

85,633

43,776

71,239

62,608

55,132

47,269

27,463

24,517

39,340

34,298

43,103

41,639

33,502

30,497

17,855

20,593

32,795

27,729

48,021

37,845

65,425

23,020

21,324

32,049

14,737

14,417

13,959

11,439

8,254

9,100

6,500

10,500

6,700

21,000

7,500

9,200

21,300

9,400

9,600

11,600

12,800

10,600

17,400

5,900

9,400

4,300

9,200

12,600

6,400

12,100

6,400

45,300

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
79,163
0
0
72,201,371
79,163
0
0
0
0
0
0
0
104,390
0
0
0
122,115
0
189,511
191,251
171,628
139,679
107,167
111,463
102,731
87,167
71,722
76,847
113,009
113,714
112,925
108,676
125,374
128,002
107,467
120,452
126,114
70,358
61,420
46,406
85,891
91,024
90,293
89,687
107,956
102,493
127,247
140,541
137,834
154,145
125,441
145,338
111,974
105,828
75,565
80,116
78,477
78,548
78,647
78,351
77,472
81,174
80,525
79,604
79,980
79,932
80,049
84,852
107,592
100,939
97,793
118,564
148,090
179,278
211,534
234,939
285,765
284,648
269,356
249,212
246,019
239,693
230,027
218,167
215,094

215,094

218,167

230,027

239,693

246,019

249,212

269,356

284,648

285,765

234,939

211,534

179,278

148,090

118,564

97,793

100,939

107,592

84,852

80,049

79,932

79,980

79,604

80,525

81,174

77,472

78,351

78,647

78,548

78,477

80,116

75,565

105,828

111,974

145,338

125,441

154,145

137,834

140,541

127,247

102,493

107,956

89,687

90,293

91,024

85,891

46,406

61,420

70,358

126,114

120,452

107,467

128,002

125,374

108,676

112,925

113,714

113,009

76,847

71,722

87,167

102,731

111,463

107,167

139,679

171,628

191,251

189,511

122,115

104,390

79,163

72,201,371

79,163

Net Receivables

2,700
3,000
3,300
3,300
3,800
3,300
3,400
3,300
3,400
3,300
3,400
2,900
3,800
3,200
4,000
3,900
4,600
3,900
4,000
3,800
3,800
3,900
3,900
3,975
4,124
4,044
4,312
3,714
3,466
3,653
3,509
3,496
3,284
3,170
3,051
3,313
3,302
3,575
3,462
3,817
3,531
3,927
3,694
4,482
4,129
4,513
4,460
4,818
4,397
4,659
5,061
6,206
7,111
7,350
6,893
6,426
6,199
5,211
5,568
4,758
4,736
3,952
4,024
3,786
4,306
3,807
3,311
3,221
2,932
2,576
2,449
2,262
1,980
2,135
2,018
1,971
2,004
1,817
1,953
1,892
1,742
1,786
1,713
1,941
1,779
2,162
2,254
2,134
2,411
2,235
2,626
2,417
2,609
2,580
2,344
2,104
2,330
2,225
2,356
2,326
2,522
2,217
2,251
2,236
3,380
4,236
3,102
2,374
2,135
2,062
2,132
2,269
2,396
2,662
3,003
3,199
3,395
3,868
3,553

3,553

3,868

3,395

3,199

3,003

2,662

2,396

2,269

2,132

2,062

2,135

2,374

3,102

4,236

3,380

2,236

2,251

2,217

2,522

2,326

2,356

2,225

2,330

2,104

2,344

2,580

2,609

2,417

2,626

2,235

2,411

2,134

2,254

2,162

1,779

1,941

1,713

1,786

1,742

1,892

1,953

1,817

2,004

1,971

2,018

2,135

1,980

2,262

2,449

2,576

2,932

3,221

3,311

3,807

4,306

3,786

4,024

3,952

4,736

4,758

5,568

5,211

6,199

6,426

6,893

7,350

7,111

6,206

5,061

4,659

4,397

4,818

4,460

4,513

4,129

4,482

3,694

3,927

3,531

3,817

3,462

3,575

3,302

3,313

3,051

3,170

3,284

3,496

3,509

3,653

3,466

3,714

4,312

4,044

4,124

3,975

3,900

3,800

4,000

3,900

4,600

3,900

4,000

3,200

3,800

2,900

3,400

3,300

3,400

3,300

3,400

3,300

3,800

3,300

3,000

2,700

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
665,800
694,400
698,700
681,700
655,700
657,400
651,700
663,200
672,500
679,712
686,578
690,079
683,052
698,419
681,368
-3,858,058
-3,791,861
-3,805,542
-3,771,764
-3,725,035
568,108
609,188
639,486
680,455
711,455
733,384
742,453
786,803
799,178
831,461
838,376
835,589
801,233
787,169
779,425
751,483
783,503
817,384
859,668
858,129
883,160
896,100
918,121
906,145
934,338
921,667
881,886
858,349
844,116
816,548
778,019
733,614
693,726
667,218
633,026
623,662
584,300
561,014
517,318
497,406
386,962
361,270
339,773
315,227
301,652
305,466
264,019
246,013
244,922
223,953
263,325
306,437
367,816
401,187
470,101
477,670
483,799
498,003
522,314
515,646
516,726
520,108
519,829
515,255
516,743
533,019
531,434
515,335
501,993
530,667
584,203
566,955
509,994
481,091
441,561
401,373
380,268
4,151
463,008
21,307
39,262
13,319
16,849
50,544
14,704

14,704

50,544

16,849

13,319

39,262

21,307

463,008

4,151

380,268

401,373

441,561

481,091

509,994

566,955

584,203

530,667

501,993

515,335

531,434

533,019

516,743

515,255

519,829

520,108

516,726

515,646

522,314

498,003

483,799

477,670

470,101

401,187

367,816

306,437

263,325

223,953

244,922

246,013

264,019

305,466

301,652

315,227

339,773

361,270

386,962

497,406

517,318

561,014

584,300

623,662

633,026

667,218

693,726

733,614

778,019

816,548

844,116

858,349

881,886

921,667

934,338

906,145

918,121

896,100

883,160

858,129

859,668

817,384

783,503

751,483

779,425

787,169

801,233

835,589

838,376

831,461

799,178

786,803

742,453

733,384

711,455

680,455

639,486

609,188

568,108

-3,725,035

-3,771,764

-3,805,542

-3,791,861

-3,858,058

681,368

698,419

683,052

690,079

686,578

679,712

672,500

663,200

651,700

657,400

655,700

681,700

698,700

694,400

665,800

> Long-term Assets

195,800
206,100
199,700
212,700
228,200
210,500
210,900
216,400
207,400
194,500
182,200
184,100
193,000
188,100
12,000
12,500
12,700
13,200
14,000
14,000
14,000
13,900
13,700
13,763
14,068
14,075
14,235
13,620
14,461
4,554,508
4,486,447
4,455,402
4,424,358
4,393,313
138,635
116,103
122,529
105,158
121,022
129,021
126,476
121,502
123,502
116,043
118,640
114,739
138,275
142,864
163,506
163,876
145,449
207,820
225,055
230,018
203,283
174,707
137,368
200,324
189,845
174,393
150,838
149,947
171,683
173,841
168,214
159,063
162,600
168,341
144,692
153,835
135,566
97,156
85,398
67,782
94,796
99,826
98,971
98,182
116,375
110,908
135,672
148,916
146,323
162,512
133,899
154,621
121,335
115,241
86,428
91,052
89,560
89,524
89,721
89,433
88,579
92,377
91,891
92,285
92,527
92,347
92,550
98,317
121,404
114,614
111,597
132,670
162,125
193,171
225,390
248,805
307,230
305,949
290,342
269,882
266,299
25,343
25,757
25,955
1,092,431

1,092,431

25,955

25,757

25,343

266,299

269,882

290,342

305,949

307,230

248,805

225,390

193,171

162,125

132,670

111,597

114,614

121,404

98,317

92,550

92,347

92,527

92,285

91,891

92,377

88,579

89,433

89,721

89,524

89,560

91,052

86,428

115,241

121,335

154,621

133,899

162,512

146,323

148,916

135,672

110,908

116,375

98,182

98,971

99,826

94,796

67,782

85,398

97,156

135,566

153,835

144,692

168,341

162,600

159,063

168,214

173,841

171,683

149,947

150,838

174,393

189,845

200,324

137,368

174,707

203,283

230,018

225,055

207,820

145,449

163,876

163,506

142,864

138,275

114,739

118,640

116,043

123,502

121,502

126,476

129,021

121,022

105,158

122,529

116,103

138,635

4,393,313

4,424,358

4,455,402

4,486,447

4,554,508

14,461

13,620

14,235

14,075

14,068

13,763

13,700

13,900

14,000

13,200

12,700

12,500

12,000

188,100

193,000

184,100

182,200

194,500

207,400

216,400

210,900

210,500

228,200

212,700

199,700

206,100

195,800

Property Plant Equipment

3,500
3,500
3,500
3,600
3,700
3,700
3,600
3,600
3,500
3,500
3,600
4,000
4,100
4,200
5,900
6,500
6,900
7,500
8,400
8,500
8,600
8,600
8,500
8,678
9,086
9,197
9,460
9,684
9,839
10,449
10,861
11,817
13,105
13,519
12,876
12,735
12,591
12,352
12,110
12,388
12,455
12,542
12,464
12,487
12,327
12,177
11,942
12,305
12,025
11,675
13,444
11,121
15,680
14,587
12,024
12,401
12,585
13,442
13,972
13,759
13,832
13,097
10,766
10,403
9,993
9,718
9,450
9,123
8,925
8,255
7,967
7,704
7,576
7,359
7,173
7,019
6,883
6,726
6,711
6,785
6,854
6,833
6,982
6,919
7,007
7,426
7,469
7,583
8,079
8,119
8,223
8,121
8,213
8,247
8,226
8,347
8,446
9,754
9,635
13,938
9,623
10,325
10,515
10,426
10,248
10,342
10,133
9,945
9,871
9,815
17,373
17,225
16,950
16,751
16,492
16,467
16,282
16,128
16,295

16,295

16,128

16,282

16,467

16,492

16,751

16,950

17,225

17,373

9,815

9,871

9,945

10,133

10,342

10,248

10,426

10,515

10,325

9,623

13,938

9,635

9,754

8,446

8,347

8,226

8,247

8,213

8,121

8,223

8,119

8,079

7,583

7,469

7,426

7,007

6,919

6,982

6,833

6,854

6,785

6,711

6,726

6,883

7,019

7,173

7,359

7,576

7,704

7,967

8,255

8,925

9,123

9,450

9,718

9,993

10,403

10,766

13,097

13,832

13,759

13,972

13,442

12,585

12,401

12,024

14,587

15,680

11,121

13,444

11,675

12,025

12,305

11,942

12,177

12,327

12,487

12,464

12,542

12,455

12,388

12,110

12,352

12,591

12,735

12,876

13,519

13,105

11,817

10,861

10,449

9,839

9,684

9,460

9,197

9,086

8,678

8,500

8,600

8,500

8,400

7,500

6,900

6,500

5,900

4,200

4,100

4,000

3,600

3,500

3,600

3,700

3,600

3,500

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,116
4,071
4,026
3,981
3,936
3,891
3,845,947
3,801
3,800,938
3,800,938
3,800,938
3,801
3,800,938
3,800,938
3,800,938
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
3,801
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802
802

802

3,801

3,800,938

3,801

3,800,938

3,801

3,845,947

3,891

3,936

3,981

4,026

4,071

4,116

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
602,862
595,719
561,200
541,348
498,779
479,000
456,629
436,844
418,746
394,502
386,117
384,445
371,528
366,807
367,189
363,033
374,078
437,327
466,964
494,727
533,584
546,462
553,180
567,470
592,320
585,651
587,768
594,074
674,004
667,805
670,112
72,189
681,573
675,773
707,590
723,468
771,392
796,086
796,906
828,321
211,534
234,939
285,765
284,648
269,356
249,212
246,019
239,693
230,027
218,167
215,094

215,094

218,167

230,027

239,693

246,019

249,212

269,356

284,648

285,765

234,939

211,534

828,321

796,906

796,086

771,392

723,468

707,590

675,773

681,573

72,189

670,112

667,805

674,004

594,074

587,768

585,651

592,320

567,470

553,180

546,462

533,584

494,727

466,964

437,327

374,078

363,033

367,189

366,807

371,528

384,445

386,117

394,502

418,746

436,844

456,629

479,000

498,779

541,348

561,200

595,719

602,862

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,204
6,141
6,063
5,964
5,937
6,102
708,561
6,390
654,464
623,420
592,375
7,053
534,858
505,730
476,602
7,696
7,631
7,527
7,449
7,366
7,243
7,040
6,867
6,674
6,477
6,260
6,075
5,865
5,658
49
21
5,071
1,110
957
824
728
765
1,140
1,266
1,315
1,356
1,429
1,517
1,586
1,575
1,520
1,447
1,485
1,497
1,533
1,580
1,732
1,783
1,795
1,769
1,708
1,630
1,571
1,542
1,507
1,448
1,451
1,857
1,892
1,830
1,982
2,015
2,058
2,053
2,059
2,033
2,079
2,054
2,118
2,125
2,110
2,062
2,076
2,175
2,328
2,337
2,754
2,962
3,100
3,146
3,183
3,249
3,290
3,274
3,234
3,117
2,986
2,878
2,789
2,780
2,709

2,709

2,780

2,789

2,878

2,986

3,117

3,234

3,274

3,290

3,249

3,183

3,146

3,100

2,962

2,754

2,337

2,328

2,175

2,076

2,062

2,110

2,125

2,118

2,054

2,079

2,033

2,059

2,053

2,058

2,015

1,982

1,830

1,892

1,857

1,451

1,448

1,507

1,542

1,571

1,630

1,708

1,769

1,795

1,783

1,732

1,580

1,533

1,497

1,485

1,447

1,520

1,575

1,586

1,517

1,429

1,356

1,315

1,266

1,140

765

728

824

957

1,110

5,071

5,658

5,865

6,075

6,260

6,477

6,674

6,867

7,040

7,243

7,366

7,449

7,527

7,631

7,696

476,602

505,730

534,858

7,053

592,375

623,420

654,464

6,390

708,561

6,102

5,937

5,964

6,063

6,141

6,204

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
84,077
86,814
93,687
112,219
106,865
102,960
0
0
0
0
0
0
0
0
0
0
0
0
0
0

102,960

106,865

112,219

93,687

86,814

84,077

Other Assets

254,700
268,000
279,800
285,300
292,100
306,600
319,300
312,900
338,300
350,200
358,500
353,200
358,500
367,900
0
0
0
0
0
0
0
0
0
198,690
184,338
185,784
165,513
141,286
139,373
123,461
147,548
166,710
160,176
135,475
876,158
877,502
908,439
912,201
987,458
1,028,746
1,040,574
1,076,837
1,084,175
1,107,369
1,104,301
1,097,043
1,129,512
1,132,848
1,173,440
1,155,134
1,123,237
1,324,863
1,352,481
1,377,431
1,320,337
1,279,476
1,213,531
1,329,224
1,335,325
1,287,752
1,204,456
1,182,664
1,207,924
1,202,317
1,143,457
1,066,464
1,043,218
1,047,097
952,066
972,219
925,721
803,565
755,712
711,505
748,123
726,912
659,945
660,747
764,997
731,683
745,554
743,349
723,749
727,999
697,900
773,538
764,496
753,397
739,813
776,719
771,583
770,505
814,904
806,043
811,264
814,716
818,176
829,730
804,842
815,092
815,317
861,545
899,043
898,814
974,380
1,031,122
1,071,705
1,164,476
1,206,416
1,285,420
380,268
407,356
-38,047
507,392
544,622
193,081
186,049
172,594
169,091

169,091

172,594

186,049

193,081

544,622

507,392

-38,047

407,356

380,268

1,285,420

1,206,416

1,164,476

1,071,705

1,031,122

974,380

898,814

899,043

861,545

815,317

815,092

804,842

829,730

818,176

814,716

811,264

806,043

814,904

770,505

771,583

776,719

739,813

753,397

764,496

773,538

697,900

727,999

723,749

743,349

745,554

731,683

764,997

660,747

659,945

726,912

748,123

711,505

755,712

803,565

925,721

972,219

952,066

1,047,097

1,043,218

1,066,464

1,143,457

1,202,317

1,207,924

1,182,664

1,204,456

1,287,752

1,335,325

1,329,224

1,213,531

1,279,476

1,320,337

1,377,431

1,352,481

1,324,863

1,123,237

1,155,134

1,173,440

1,132,848

1,129,512

1,097,043

1,104,301

1,107,369

1,084,175

1,076,837

1,040,574

1,028,746

987,458

912,201

908,439

877,502

876,158

135,475

160,176

166,710

147,548

123,461

139,373

141,286

165,513

185,784

184,338

198,690

367,900

358,500

353,200

358,500

350,200

338,300

312,900

319,300

306,600

292,100

285,300

279,800

268,000

254,700

> Total Liabilities

1,200
1,100
53,000
57,500
71,300
70,600
70,500
74,100
467,700
481,700
472,600
474,200
485,100
484,200
606,700
647,100
654,400
638,200
626,300
612,900
612,800
621,800
634,600
642,151
651,998
658,048
649,390
661,139
659,975
649,155
649,189
645,708
620,299
644,709
661,879
686,916
708,757
727,883
785,791
817,848
832,969
872,542
876,902
906,838
899,104
894,286
900,509
897,337
916,311
899,194
884,646
1,022,230
1,032,710
1,050,113
1,018,926
1,005,381
981,111
1,042,324
1,033,267
1,003,978
953,902
932,271
936,303
930,786
885,389
827,245
811,071
809,115
739,803
753,215
733,094
646,944
610,783
583,874
592,493
566,033
499,812
495,189
562,947
533,549
530,506
513,822
501,413
498,712
496,507
550,207
573,516
566,469
580,048
610,833
606,104
603,581
646,460
635,978
641,867
640,283
644,460
657,451
629,168
637,395
633,956
672,038
684,991
689,165
764,668
797,309
806,328
866,241
873,068
926,681
959,507
928,775
986,161
958,083
998,866
971,360
1,007,215
2,377
999,428

999,428

2,377

1,007,215

971,360

998,866

958,083

986,161

928,775

959,507

926,681

873,068

866,241

806,328

797,309

764,668

689,165

684,991

672,038

633,956

637,395

629,168

657,451

644,460

640,283

641,867

635,978

646,460

603,581

606,104

610,833

580,048

566,469

573,516

550,207

496,507

498,712

501,413

513,822

530,506

533,549

562,947

495,189

499,812

566,033

592,493

583,874

610,783

646,944

733,094

753,215

739,803

809,115

811,071

827,245

885,389

930,786

936,303

932,271

953,902

1,003,978

1,033,267

1,042,324

981,111

1,005,381

1,018,926

1,050,113

1,032,710

1,022,230

884,646

899,194

916,311

897,337

900,509

894,286

899,104

906,838

876,902

872,542

832,969

817,848

785,791

727,883

708,757

686,916

661,879

644,709

620,299

645,708

649,189

649,155

659,975

661,139

649,390

658,048

651,998

642,151

634,600

621,800

612,800

612,900

626,300

638,200

654,400

647,100

606,700

484,200

485,100

474,200

472,600

481,700

467,700

74,100

70,500

70,600

71,300

57,500

53,000

1,100

1,200

> Total Current Liabilities

1,200
1,100
53,000
57,500
71,300
70,600
70,500
74,100
102,800
103,300
107,600
107,200
115,600
113,100
129,100
169,400
179,300
1,800
16,100
1,400
1,300
1,500
1,400
2,127
1,579
2,004
39,576
1,297
1,109
1,100
1,017
924
215,025
215,042
849
670
420
229,729
33,767
896
857
1,264
11,314
1,943
1,904
2,142
42,086
1,860
1,568
1,435
1,176
2,203
4,406
7,827
9,515
9,092
6,607
5,984
6,307
4,643
4,561
1,700
2,108
1,747
1,448
1,038
1,092
917
898
635,927
780
562
518
237
247
173
178
127
146
107
103
101
93
166
243
252
242
230
233
238
236
205
214
112
146
197
264
279
346
332
305
377
420
344
271
225
140
145
106
76
63
58
53
53
298
1,049
1,115
2,377
251,857

251,857

2,377

1,115

1,049

298

106

145

140

225

271

344

420

377

305

332

346

279

264

197

146

112

214

205

236

238

233

230

242

252

243

166

101

103

107

146

127

178

173

247

237

518

562

780

635,927

898

917

1,092

1,038

1,448

1,747

2,108

1,700

4,561

4,643

6,307

5,984

6,607

9,092

9,515

7,827

4,406

2,203

1,176

1,435

1,568

1,860

42,086

2,142

1,904

1,943

11,314

1,264

857

896

33,767

229,729

420

670

849

215,042

215,025

924

1,017

1,100

1,109

1,297

39,576

2,004

1,579

2,127

1,400

1,500

1,300

1,400

16,100

1,800

179,300

169,400

129,100

113,100

115,600

107,200

107,600

103,300

102,800

74,100

70,500

70,600

71,300

57,500

53,000

1,100

1,200

Short-term Debt

0
0
52,000
56,300
69,600
68,900
68,900
72,400
101,100
101,800
106,100
105,700
114,400
112,000
127,700
167,300
177,900
100
15,000
0
0
0
0
0
0
0
38,000
38,000
0
0
0
0
214,300
214,300
0
0
0
229,300
33,000
33,000
0
0
10,000
10,000
0
0
40,000
40,000
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
9,000
0
0
0
7,000
7,000
7,000
0
0
0
0
0
0
0
0
0
0
0
0
0
40,000
40,000
0
0
0
0
115
57
232
2,475
24,817
59
212

212

24,817

2,475

232

115

40,000

7,000

9,000

40,000

10,000

33,000

229,300

214,300

38,000

15,000

100

177,900

167,300

127,700

112,000

114,400

105,700

106,100

101,800

101,100

72,400

68,900

69,600

56,300

52,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,000
0
0
0
7,000
7,000
7,000
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

7,000

9,000

Accounts payable

1,200
1,100
1,000
1,200
1,700
1,700
1,600
1,700
1,700
1,500
1,500
1,500
1,200
1,100
1,400
2,100
1,400
1,700
1,100
1,400
1,300
1,500
1,400
2,127
1,579
2,004
1,576
1,297
1,109
1,100
1,017
924
725
742
849
670
420
429
767
896
857
1,264
1,314
1,943
1,904
2,142
2,086
1,860
1,568
1,435
1,176
2,203
4,406
7,827
9,515
9,092
6,607
5,984
6,307
4,643
4,561
1,700
2,108
1,747
1,448
1,038
1,092
917
898
5,321
780
562
518
237
247
173
178
127
146
107
103
101
93
166
243
252
242
230
233
238
236
205
214
112
146
197
264
279
346
332
305
377
420
344
271
225
140
145
106
76
63
58
53
53
298
1,049
1,115
2,377
2,399

2,399

2,377

1,115

1,049

298

106

145

140

225

271

344

420

377

305

332

346

279

264

197

146

112

214

205

236

238

233

230

242

252

243

166

101

103

107

146

127

178

173

247

237

518

562

780

5,321

898

917

1,092

1,038

1,448

1,747

2,108

1,700

4,561

4,643

6,307

5,984

6,607

9,092

9,515

7,827

4,406

2,203

1,176

1,435

1,568

1,860

2,086

2,142

1,904

1,943

1,314

1,264

857

896

767

429

420

670

849

742

725

924

1,017

1,100

1,109

1,297

1,576

2,004

1,579

2,127

1,400

1,500

1,300

1,400

1,100

1,700

1,400

2,100

1,400

1,100

1,200

1,500

1,700

1,600

1,700

1,200

1,000

1,100

1,200

Other Current Liabilities

-1,200
-1,100
-53,000
-57,500
-71,300
-70,600
-70,500
-74,100
0
0
0
0
0
0
0
0
0
0
0
-1,400
-1,300
-1,500
-1,400
-2,127
-1,579
-2,004
0
-1,297
-1,109
-1,100
-1,017
-924
0
0
-849
-670
-420
0
0
-896
-857
-1,264
0
-1,943
-1,904
-2,142
0
-1,860
-1,568
-1,435
-1,176
-2,203
-4,406
-7,827
-9,515
-9,092
-6,607
-5,984
-6,307
-4,643
-4,561
-1,700
-2,108
-1,747
-1,448
-1,038
-1,092
-917
-898
630,606
-780
-562
-518
-237
-247
-173
-178
-127
-146
-107
-103
-101
-93
-166
-243
-252
-242
-230
-233
-238
-236
-205
-214
-112
-146
-197
-264
-279
-346
-332
-305
-377
-420
-344
-271
-225
-140
-145
-106
-76
-63
-58
-53
-53
-298
-1,049
-1,115
-2,377
251,645

251,645

-2,377

-1,115

-1,049

-298

-53

-58

-63

-76

-106

-145

-140

-225

-271

-344

-420

-377

-305

-332

-346

-279

-264

-197

-146

-112

-214

-205

-236

-238

-233

-230

-242

-252

-243

-166

-93

-101

-103

-107

-146

-127

-178

-173

-247

-237

-518

-562

-780

630,606

-898

-917

-1,092

-1,038

-1,448

-1,747

-2,108

-1,700

-4,561

-4,643

-6,307

-5,984

-6,607

-9,092

-9,515

-7,827

-4,406

-2,203

-1,176

-1,435

-1,568

-1,860

-2,142

-1,904

-1,943

-1,264

-857

-896

-420

-670

-849

-924

-1,017

-1,100

-1,109

-1,297

-2,004

-1,579

-2,127

-1,400

-1,500

-1,300

-1,400

-74,100

-70,500

-70,600

-71,300

-57,500

-53,000

-1,100

-1,200

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
184,600
172,900
185,400
192,400
211,900
229,400
233,900
244,900
227,900
183,900
231,800
239,800
209,800
217,800
217,800
548,900
1,143,300
218,300
219,300
235,300
758,500
170,900
198,900
198,900
198,900
160,900
170,900
170,900
170,900
120,900
160,900
160,900
150,900
150,900
140,900
97,500
97,500
112,500
97,500
137,900
141,500
142,500
192,500
132,500
142,500
133,927
132,500
132,500
134,000
122,500
115,000
85,000
70,000
70,000
70,000
70,000
70,000
70,000
70,000
0
0
1,272
1,272
0
0
1,255
10,000
10,000
10,000
9,000
9,000
9,000
9,000
7,000
7,000
7,000
0
0
0
0
0
1,483
1,483
1,487
2,924
1,563
1,563
1,821
1,857
1,998
2,971
2,382
0
63
58
53
53
298
1,049
24,700
1,049,965
747,571

747,571

1,049,965

24,700

1,049

298

2,382

2,971

1,998

1,857

1,821

1,563

2,924

1,487

1,483

7,000

9,000

10,000

1,255

1,272

70,000

85,000

115,000

122,500

134,000

132,500

133,927

142,500

132,500

192,500

142,500

141,500

137,900

97,500

112,500

97,500

140,900

150,900

160,900

120,900

170,900

160,900

198,900

170,900

758,500

235,300

219,300

218,300

1,143,300

548,900

217,800

209,800

239,800

231,800

183,900

227,900

244,900

233,900

229,400

211,900

192,400

185,400

172,900

184,600

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
10,000
10,000
10,000
9,000
9,000
9,000
9,000
7,000
7,000
7,000
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

7,000

9,000

10,000

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
6,799
5,467
6,431
5,800
7,883
7,736
9,941
9,546
13,884
6,470
8,062
10,628
19,534
10,272
8,495
30,203
7,292
6,764
6,890
7,100
8,123
7,973
8,675
8,072
8,971
7,056
6,676
7,787
9,401
9,699
16,194
18,308
14,904
10,895
11,976
10,262
13,109
11,437
8,197
7,792
8,494
6,441
7,233
5,341
6,037
7,688
6,771
6,918
8,707
6,486
8,333
7,542
8,388
8,059
9,268
9,017
11,166
7,653
8,914
4,663
5,389
5,031
8,621
5,129
5,963
7,988
9,590
6,293
5,205
5,359
7,007
6,266
6,478
1,268
2,187
1,448
2,637
1,487
2,924
2,413
3,120
1,821
1,857
1,998
2,971
2,382
3,212
2,143
2,954
2,133
3,332
10,122
8,463
0
4,649
0

4,649

8,463

10,122

3,332

2,133

2,954

2,143

3,212

2,382

2,971

1,998

1,857

1,821

3,120

2,413

2,924

1,487

2,637

1,448

2,187

1,268

6,478

6,266

7,007

5,359

5,205

6,293

9,590

7,988

5,963

5,129

8,621

5,031

5,389

4,663

8,914

7,653

11,166

9,017

9,268

8,059

8,388

7,542

8,333

6,486

8,707

6,918

6,771

7,688

6,037

5,341

7,233

6,441

8,494

7,792

8,197

11,437

13,109

10,262

11,976

10,895

14,904

18,308

16,194

9,699

9,401

7,787

6,676

7,056

8,971

8,072

8,675

7,973

8,123

7,100

6,890

6,764

7,292

30,203

8,495

10,272

19,534

10,628

8,062

6,470

13,884

9,546

9,941

7,736

7,883

5,800

6,431

5,467

6,799

> Total Stockholder Equity

91,200
91,700
89,000
90,300
96,100
92,100
91,700
90,900
87,300
83,700
82,100
78,800
81,800
84,600
84,500
85,000
70,800
68,100
68,400
69,000
67,200
65,700
64,600
63,552
64,212
64,109
66,626
69,198
71,142
72,300
72,161
73,283
73,757
75,180
76,065
74,894
77,522
79,467
80,931
82,148
81,127
82,791
83,771
84,488
86,558
88,018
90,728
92,646
93,624
92,064
93,142
94,813
94,716
97,300
98,128
99,388
95,052
86,576
112,213
109,381
99,716
100,446
99,938
97,690
89,854
80,156
69,547
69,641
67,571
65,169
57,061
59,465
59,531
59,849
60,834
61,053
61,162
67,376
85,675
87,226
79,376
80,611
76,013
66,775
67,494
68,710
69,645
71,687
73,337
74,834
75,919
77,400
78,723
80,632
80,818
82,056
81,825
79,994
83,147
85,350
88,811
91,190
92,648
95,035
98,115
101,143
103,252
105,064
107,958
109,934
110,031
100,623
95,848
89,710
97,336
100,222
102,152
101,770
107,707

107,707

101,770

102,152

100,222

97,336

89,710

95,848

100,623

110,031

109,934

107,958

105,064

103,252

101,143

98,115

95,035

92,648

91,190

88,811

85,350

83,147

79,994

81,825

82,056

80,818

80,632

78,723

77,400

75,919

74,834

73,337

71,687

69,645

68,710

67,494

66,775

76,013

80,611

79,376

87,226

85,675

67,376

61,162

61,053

60,834

59,849

59,531

59,465

57,061

65,169

67,571

69,641

69,547

80,156

89,854

97,690

99,938

100,446

99,716

109,381

112,213

86,576

95,052

99,388

98,128

97,300

94,716

94,813

93,142

92,064

93,624

92,646

90,728

88,018

86,558

84,488

83,771

82,791

81,127

82,148

80,931

79,467

77,522

74,894

76,065

75,180

73,757

73,283

72,161

72,300

71,142

69,198

66,626

64,109

64,212

63,552

64,600

65,700

67,200

69,000

68,400

68,100

70,800

85,000

84,500

84,600

81,800

78,800

82,100

83,700

87,300

90,900

91,700

92,100

96,100

90,300

89,000

91,700

91,200

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91
91

100

Retained Earnings

42,100
43,500
44,800
46,100
47,500
48,900
50,400
52,000
53,500
53,300
54,600
56,100
57,500
59,000
60,200
61,900
62,400
61,700
63,400
64,700
66,000
67,200
68,400
69,556
71,046
72,318
73,381
74,606
75,428
76,919
76,957
78,397
78,988
79,199
79,660
80,380
81,729
83,988
85,365
86,698
88,424
90,127
91,408
93,381
95,037
96,393
98,952
100,763
102,784
101,912
103,643
105,715
107,225
109,079
110,943
111,514
108,572
100,605
98,067
95,264
85,735
86,291
86,115
83,943
75,786
66,094
55,838
55,930
53,313
50,934
42,983
45,462
45,532
45,844
47,004
47,386
48,822
54,488
72,211
73,465
75,309
76,486
77,805
78,041
78,626
79,446
80,536
82,310
83,788
85,202
86,886
88,102
89,123
90,903
91,448
92,964
94,690
97,402
99,754
101,374
104,235
106,311
107,547
108,932
111,623
114,724
117,849
121,267
125,795
129,414
131,413
132,634
134,661
136,230
138,409
138,952
140,025
141,175
142,278

142,278

141,175

140,025

138,952

138,409

136,230

134,661

132,634

131,413

129,414

125,795

121,267

117,849

114,724

111,623

108,932

107,547

106,311

104,235

101,374

99,754

97,402

94,690

92,964

91,448

90,903

89,123

88,102

86,886

85,202

83,788

82,310

80,536

79,446

78,626

78,041

77,805

76,486

75,309

73,465

72,211

54,488

48,822

47,386

47,004

45,844

45,532

45,462

42,983

50,934

53,313

55,930

55,838

66,094

75,786

83,943

86,115

86,291

85,735

95,264

98,067

100,605

108,572

111,514

110,943

109,079

107,225

105,715

103,643

101,912

102,784

100,763

98,952

96,393

95,037

93,381

91,408

90,127

88,424

86,698

85,365

83,988

81,729

80,380

79,660

79,199

78,988

78,397

76,957

76,919

75,428

74,606

73,381

72,318

71,046

69,556

68,400

67,200

66,000

64,700

63,400

61,700

62,400

61,900

60,200

59,000

57,500

56,100

54,600

53,300

53,500

52,000

50,400

48,900

47,500

46,100

44,800

43,500

42,100

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
53,607
53,535
53,462
52,193
52,096
51,990
51,795
51,691
51,760
51,638
51,175
50,543
50,046
50,126
50,207
50,035
50,242
50,314
50,388
50,380
50,391
50,476
50,566
50,430
50,452
50,536
50,623
50,540
46,950
42,578
40,090
40,076
40,153
40,259
40,365
40,347
40,312
40,393
40,480
40,405
40,484
0
40,740
40,695
40,775
40,894
41,013
40,975
41,019
0
0

41,019

40,975

41,013

40,894

40,775

40,695

40,740

40,484

40,405

40,480

40,393

40,312

40,347

40,365

40,259

40,153

40,076

40,090

42,578

46,950

50,540

50,623

50,536

50,452

50,430

50,566

50,476

50,391

50,380

50,388

50,314

50,242

50,035

50,207

50,126

50,046

50,543

51,175

51,638

51,760

51,691

51,795

51,990

52,096

52,193

53,462

53,535

53,607

Treasury Stock

-61,353

-60,668

-59,988

-59,374

-57,521

-55,339

-55,000

-53,910

-54,061

-53,758

-53,791

-53,856

-56,495

-56,494

-58,183

-58,357

-58,416

-58,581

-58,650

-58,739

-58,807

-59,062

-59,061

-59,625

-60,324

-60,673

-60,452

-60,346

-61,535

-61,523

-64,223

-64,045

-66,282

-68,463

-68,336

-68,330

-68,157

-66,023

-65,421

-64,361

-64,064

-63,128

-61,812

-60,692

-60,875

-60,837

-60,869

-60,455

-59,925

-59,399

-58,103

-57,600

-58,043

-58,562

-60,201

-59,217

-58,825

-59,023

-59,690

-59,291

-58,058

-58,564

-58,792

-59,066

-59,091

-57,347

-56,374

Other Stockholders Equity

49,100
48,200
53,400
49,600
49,700
44,300
41,600
39,900
36,000
32,300
28,100
24,200
24,400
24,600
23,200
22,100
7,500
6,800
5,800
5,100
3,300
-1,600
-3,900
-6,095
-6,926
-8,301
-6,846
-5,346
-4,150
-4,738
-5,123
-5,416
-5,655
-4,530
-331
-1,408
-631
-125
264
-388
-1,726
-2,179
-2,580
-3,090
-3,002
-2,905
-5,825
-3,127
-4,122
-5,341
-9,090
-6,824
-7,730
-8,133
-10,108
-10,668
-10,510
-10,374
-11,420
-11,369
-11,347
-11,315
-11,283
-11,248
-11,220
-11,200
-11,187
-11,197
-11,215
-11,239
-11,264
-11,295
-11,344
-11,401
-11,548
-11,710
-11,813
-11,887
-11,953
-11,837
-11,722
-11,594
-11,465
-11,334
-11,011
-10,890
-10,768
-10,638
-10,510
-10,376
-10,238
-10,161
-10,032
-9,899
-9,764
-9,625
-11,477
-15,802
-15,602
-15,503
-15,345
-15,191
-15,036
-15,309
-15,144
-15,015
-15,970
-16,335
-18,390
-19,345
-19,890
-20,501
-21,052
-21,570
-21,403
-21,306
-21,154
-20,998
-21,471

-21,471

-20,998

-21,154

-21,306

-21,403

-21,570

-21,052

-20,501

-19,890

-19,345

-18,390

-16,335

-15,970

-15,015

-15,144

-15,309

-15,036

-15,191

-15,345

-15,503

-15,602

-15,802

-11,477

-9,625

-9,764

-9,899

-10,032

-10,161

-10,238

-10,376

-10,510

-10,638

-10,768

-10,890

-11,011

-11,334

-11,465

-11,594

-11,722

-11,837

-11,953

-11,887

-11,813

-11,710

-11,548

-11,401

-11,344

-11,295

-11,264

-11,239

-11,215

-11,197

-11,187

-11,200

-11,220

-11,248

-11,283

-11,315

-11,347

-11,369

-11,420

-10,374

-10,510

-10,668

-10,108

-8,133

-7,730

-6,824

-9,090

-5,341

-4,122

-3,127

-5,825

-2,905

-3,002

-3,090

-2,580

-2,179

-1,726

-388

264

-125

-631

-1,408

-331

-4,530

-5,655

-5,416

-5,123

-4,738

-4,150

-5,346

-6,846

-8,301

-6,926

-6,095

-3,900

-1,600

3,300

5,100

5,800

6,800

7,500

22,100

23,200

24,600

24,400

24,200

28,100

32,300

36,000

39,900

41,600

44,300

49,700

49,600

53,400

48,200

49,100

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Accounts Payable	2,399	298	63	140	420	346	146	236	242	93	146	247	780	1,092	2,108	6,307	9,515	1,176	2,086	1,314	767	849	1,017	1,576	1,400	1,100	1,400	1,500	1,600	1,000
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
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
Accumulated Other Comprehensive Income	-14,061	-19,761	-1,583	1,282	46	-1,096	-957	-820	-214	-418	-674	-49	471	541	1,230	2,091	-2,798	-4,442	-5,451	-5,149	-4,789	-3,356	-4,764	-7,365	-8,800	-800	1,100	-600	-300	-9,200
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
Capital Lease Obligations	0	0	0	0	0	0	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	91	91	91	91	91	91	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	41,013	40,740	40,480	40,365	40,090	50,623	50,566	50,388	50,207	51,175	51,795	53,462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	11,151	36,259	94,143	86,269	44,399	20,709	37,564	27,561	39,782	46,634	120,686	83,660	67,840	20,981	16,418	15,729	23,718	43,776	47,269	34,298	30,497	27,729	23,020	14,417	9,100	21,000	9,400	10,600	4,300	12,100
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	11,151	282,278	379,908	234,359	151,991	100,689	115,036	106,038	151,756	184,468	228,642	169,551	67,840	20,981	16,418	15,729	23,718	43,776	47,269	34,298	30,497	27,729	23,020	14,417	9,100	21,000	9,400	10,600	4,300	12,100
Common Stock	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	100	0	0	0	0	0
Common Stock Shares Outstanding	4,377	4,389	4,504	4,648	4,639	4,788	4,893	4,739	4,669	4,609	4,309	4,023	3,853	3,767	3,696	3,655	3,901	4,013	3,996	4,022	3,984	3,989	3,984	3,966	4,539	5,325	6,213	6,719	11,507	22,031
Common Stock Total Equity	0	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	100	0	0	0	0	0
Current Deferred Revenue	-2,399	66	-154	-756	-467	0	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
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	112,219	84,291	80,126	81,256	116,444	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	802	802	802	802	802	802	802	802	0	0	0	0	0	0	0	0	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,981	0	0	0	0	0	0
Intangible Assets	2,709	2,986	3,290	3,100	2,328	2,110	2,079	2,058	1,892	1,507	1,708	1,732	1,485	1,586	1,315	728	5,071	5,865	6,674	7,366	7,696	7,053	6,390	5,964	0	0	0	0	0	0
Inventory	-860,396	-39,262	-96,565	-89,371	-47,230	414	627	627	2,045	5,179	8,400	13,179	21,908	19,110	19,222	13,106	5,475	3,565	2,650	2,853	6,616	15,554	68,018	7,861	0	0	0	0	0	0
Liabilities And Stockholders Equity	1,107,135	1,096,202	1,069,538	909,580	777,639	712,315	722,685	682,023	643,161	577,426	648,622	653,327	790,155	880,618	1,036,241	1,145,480	1,117,054	977,789	991,237	960,673	866,436	737,523	721,114	716,016	699,200	694,700	691,200	554,700	537,900	494,900
Long Term Debt	13,200	0	0	0	0	0	0	7,000	9,000	0	0	0	70,000	70,000	122,500	132,500	102,500	110,900	160,900	160,900	170,900	153,900	208,300	183,900	0	0	0	0	0	0
Long Term Debt Total	0	0	0	0	0	0	0	7,000	9,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	215,094	246,019	285,765	796,906	707,590	670,112	587,768	553,180	466,964	367,189	386,117	456,629	561,200	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
Net Debt	2,362	-35,726	-93,751	-83,030	-40,354	-20,709	-37,564	-20,561	-30,782	-46,634	-120,686	-13,660	2,160	101,519	117,509	126,771	88,782	107,124	113,631	136,602	173,403	190,571	194,780	207,483	220,300	166,900	118,300	95,500	64,600	39,900
Net Invested Capital	120,907	0	0	0	0	0	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	3,553	3,003	2,132	3,102	2,251	2,356	2,344	2,626	2,254	1,713	1,953	2,018	2,449	3,311	4,024	5,568	6,893	5,061	4,460	3,694	3,462	3,051	3,509	4,312	3,900	4,000	4,000	3,400	3,400	3,300
Net Tangible Assets	0	96,534	109,229	102,450	91,846	82,345	80,016	75,117	69,645	66,013	59,675	35,498	32,281	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-237,153	284,983	381,977	237,321	153,822	619,442	633,960	592,227	521,584	431,010	532,101	558,284	653,809	716,926	862,450	949,328	904,256	831,164	810,876	825,856	711,647	598,038	-3,766,350	662,205	684,100	664,600	550,100	-93,600	-62,800	-37,600
Non Current Assets Total	1,092,431	266,299	307,230	162,125	121,404	92,527	88,579	89,560	121,335	146,323	116,375	94,796	135,566	162,600	171,683	189,845	203,283	145,449	138,275	123,502	121,022	138,635	4,486,447	14,235	13,700	14,000	12,000	182,200	210,900	199,700
Non Current Liabilities Other	0	10,122	2,143	1,998	2,413	1,448	0	0	0	0	0	70,000	70,933	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	747,571	298	710,138	590,992	496,167	1,483	0	7,000	9,000	1,255	1,272	70,000	70,000	122,500	133,927	142,500	112,500	150,900	120,900	160,900	170,900	218,300	217,800	183,900	229,400	172,900	0	0	0	0
Non Currrent Assets Other	1,064,448	-8,347	-2,529	-2,027	-1,702	516,743	521,794	484,804	370,099	247,831	306,865	386,962	458,186	-151,564	-159,602	-175,145	5,071	5,865	6,674	7,366	4,248	4,362	4,475,586	4,775	5,200	5,600	6,100	-182,200	-210,900	-199,700
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
Other Assets	0	544,622	380,268	509,994	501,993	804,842	811,264	771,583	764,496	723,749	764,997	748,123	925,721	1,043,218	1,207,924	1,335,325	1,320,337	1,123,237	1,129,512	1,084,175	987,458	876,158	75,513	13,120	0	0	0	358,500	319,300	279,800
Other Current Assets	14,704	39,262	96,565	89,371	47,230	516,743	516,726	483,799	367,816	244,922	301,652	386,962	584,300	693,726	844,116	934,338	883,160	783,503	801,233	799,178	711,455	568,108	-3,791,861	683,052	672,500	655,700	665,800	0	0	0
Other Current Liab	251,645	-298	-63	-140	-420	-346	-146	-236	-242	-93	-146	-247	-780	-1,092	-2,108	-6,307	-9,515	-1,176	0	0	0	-849	-1,017	0	-1,400	0	0	0	-70,500	-53,000
Other Liab	0	10,122	2,143	1,998	2,413	1,448	1,147	1,011	830	4,663	9,017	7,542	6,918	5,341	7,792	10,262	18,308	7,787	8,072	7,100	30,203	10,628	9,546	5,800	0	0	0	0	0	0
Other Stockholder Equity	-20,601	-21,403	-20,590	-16,670	-15,736	-16,302	-10,464	-10,938	-11,468	-11,465	-11,953	-11,548	-11,264	-11,187	-11,283	-11,420	-10,108	-9,090	-5,825	-5,541	264	-331	-5,123	-6,846	-3,900	5,800	23,200	28,100	41,600	53,400
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	10,000	26,000	25,336	24,780	24,264	23,785	23,384	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	34,834	35,354	35,442	10,133	10,515	9,635	8,226	8,223	7,469	6,982	6,711	7,173	7,967	9,450	10,766	13,972	12,024	13,444	11,942	12,464	12,110	12,876	10,861	9,460	8,500	8,400	5,900	3,600	0	0
Property Plant And Equipment Net	16,295	16,492	17,373	10,133	10,515	9,635	8,226	8,223	7,469	6,982	6,711	7,173	7,967	9,450	10,766	13,972	12,024	13,444	11,942	12,464	12,110	12,876	10,861	9,460	8,500	8,400	5,900	3,600	3,600	3,500
Property Plant Equipment	0	16,492	17,373	10,133	10,515	9,635	8,226	8,223	7,469	6,982	6,711	7,173	7,967	9,450	10,766	13,972	12,024	11,372	11,942	12,464	12,110	12,876	10,861	9,460	0	0	0	0	0	0
Retained Earnings	142,278	138,409	131,413	117,849	107,547	99,754	91,448	86,886	80,536	77,805	72,211	47,004	42,983	55,838	86,115	98,067	110,943	103,643	98,952	91,408	85,365	79,660	76,957	73,381	68,400	63,400	60,200	54,600	50,400	44,800
Retained Earnings Total Equity	0	138,409	131,413	117,849	107,547	99,754	91,448	86,886	80,536	77,805	72,211	47,004	42,983	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	7,000	9,000	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	13,513	533	392	3,239	4,045	0	0	7,000	9,000	0	0	70,000	70,000	122,500	133,927	142,500	112,500	150,900	160,900	170,900	203,900	218,300	217,800	221,900	229,400	187,900	127,700	106,100	68,900	52,000
Short Term Debt	212	232	217	896	887	0	0	7,000	9,000	0	0	0	0	0	0	0	0	0	40,000	10,000	33,000	0	0	38,000	0	15,000	127,700	106,100	68,900	52,000
Short Term Investments	215,094	246,019	285,765	148,090	107,592	79,980	77,472	78,477	111,974	137,834	107,956	85,891	109,922	125,374	113,009	102,731	171,628	122,115	104,390	104,390	79,163	79,163	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
Total Assets	1,107,135	1,096,202	1,069,538	909,580	777,639	712,315	722,685	682,023	643,161	577,426	648,622	653,327	790,155	880,618	1,036,241	1,145,480	1,117,054	977,789	991,237	960,673	866,436	737,523	721,114	716,016	699,200	694,700	691,200	554,700	537,900	494,900
Total Current Assets	14,704	285,281	382,040	237,461	154,242	619,788	634,106	592,463	521,826	431,103	532,247	558,531	654,589	718,018	864,558	955,635	913,771	832,340	852,962	837,171	745,414	598,887	-3,765,333	701,781	685,500	680,700	679,200	14,000	7,700	15,400
Total Current Liabilities	251,857	298	63	140	420	346	146	236	242	93	146	247	780	1,092	2,108	6,307	9,515	1,176	42,086	11,314	33,767	849	1,017	39,576	1,400	16,100	129,100	107,600	70,500	53,000
Total Liab	999,428	998,866	63	140	420	629,168	641,867	606,104	573,516	501,413	562,947	592,493	733,094	811,071	936,303	1,033,267	1,018,926	884,646	900,509	876,902	785,791	661,879	649,189	649,390	634,600	626,300	606,700	472,600	70,500	53,000
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
Total Stockholder Equity	107,707	97,336	110,031	103,252	92,648	83,147	80,818	75,919	69,645	76,013	85,675	60,834	57,061	69,547	99,938	112,213	98,128	93,142	90,728	83,771	80,931	76,065	72,161	66,626	64,600	68,400	84,500	82,100	91,700	89,000
Treasury Stock	0	-61,353	-59,374	-55,000	-53,758	-53,856	-58,357	-58,581	-58,739	-59,062	-60,324	-60,346	-61,535	-64,223	-66,282	-68,336	-68,157	-64,064	-60,875	-60,455	-57,600	-59,217	-59,291	-59,066	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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30
Accounts Payable	2,399	2,377	1,115	1,049	298	53	53	58	63	76	106	145	140	225	271	344	420	377	305	332	346	279	264	197	146	112	214	205	236	238	233	230	242	252	243	166	93	101	103	107	146	127	178	173	247	237	518	562	780	5,321	898	917	1,092	1,038	1,448	1,747	2,108	1,700	4,561	4,643	6,307	5,984	6,607	9,092	9,515	7,827	4,406	2,203	1,176	1,435	1,568	1,860	2,086	2,142	1,904	1,943	1,314	1,264	857	896	767	429	420	670	849	742	725	924	1,017	1,100	1,109	1,297	1,576	2,004	1,579	2,127	1,400	1,500	1,300	1,400	1,100	1,700	1,400	2,100	1,400	1,100	1,200	1,500	1,500	1,500	1,700	1,700	1,600	1,700	1,700	1,200	1,000	1,100	1,200
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Other Comprehensive Income	-13,191	-18,498	-16,810	-17,515	-19,761	-25,041	-17,852	-11,601	-1,583	-226	462	41	1,282	1,343	1,545	1,321	46	-21	-170	-612	-1,096	-1,697	-1,479	-1,374	-957	-463	-459	-632	-820	-83	-32	-76	-214	63	-212	-23	-418	-372	-302	-493	-674	-1,094	-1,567	-195	-49	122	199	292	471	735	865	427	541	1,030	1,177	1,003	1,230	1,709	1,679	1,947	2,091	-3,746	-3,101	-1,549	-2,798	-3,737	-4,870	-4,169	-4,442	-4,598	-5,130	-5,081	-5,451	-5,561	-5,568	-5,894	-5,149	-5,248	-5,663	-4,253	-4,789	-4,487	-3,667	-4,169	-3,356	-4,219	-5,219	-4,648	-4,764	-5,853	-5,176	-6,128	-7,365	-8,802	-9,276	-9,395	-8,800	-8,600	-2,100	-800	-800	-400	900	1,000	1,100	1,000	-100	-1,500	-600	-1,900	-2,200	-1,000	-300	-1,100	-1,100	-5,400	-9,200	0	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	91	91	91	91	91	91	91	91	91	91	91	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	0	41,019	40,975	41,013	40,894	40,775	40,695	40,740	0	40,484	40,405	40,480	40,393	40,312	40,347	40,365	40,259	40,153	40,076	40,090	42,578	46,950	50,540	50,623	50,536	50,452	50,430	50,566	50,476	50,391	50,380	50,388	50,314	50,242	50,035	50,207	50,126	50,046	50,543	51,175	51,638	51,760	51,691	51,795	51,990	52,096	52,193	53,462	53,535	53,607	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	11,151	46,676	13,234	10,120	36,259	18,645	94,954	29,176	94,143	149,436	100,406	115,391	86,269	76,027	65,810	35,744	44,399	62,507	16,357	15,121	20,709	48,076	31,710	26,576	37,564	30,600	31,892	12,489	27,561	34,594	18,880	13,766	39,782	10,359	39,557	22,936	46,634	57,177	81,202	100,016	120,686	57,652	29,933	72,995	83,660	76,400	65,618	45,977	67,840	38,311	26,724	39,976	20,981	10,917	24,704	34,301	16,418	20,469	16,158	12,541	15,729	17,220	14,475	27,536	23,718	51,916	35,592	85,633	43,776	71,239	62,608	55,132	47,269	27,463	24,517	39,340	34,298	43,103	41,639	33,502	30,497	17,855	20,593	32,795	27,729	48,021	37,845	65,425	23,020	21,324	32,049	14,737	14,417	13,959	11,439	8,254	9,100	6,500	10,500	6,700	21,000	7,500	9,200	21,300	9,400	9,600	11,600	12,800	10,600	17,400	5,900	9,400	4,300	9,200	12,600	6,400	12,100	6,400	45,300
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Cash And Short Term Investments	11,151	100,994	67,234	63,977	282,278	267,857	364,310	313,824	379,908	384,375	311,940	294,669	234,359	194,591	163,603	136,683	151,991	147,359	96,261	95,053	100,689	127,680	112,235	107,750	115,036	108,951	110,539	91,037	106,038	114,710	94,445	119,594	151,756	155,697	164,998	177,081	184,468	197,718	208,449	202,509	228,642	147,339	120,226	164,019	169,551	76,400	65,618	45,977	67,840	38,311	26,724	39,976	20,981	10,917	24,704	34,301	16,418	20,469	16,158	12,541	15,729	17,220	14,475	27,536	23,718	51,916	35,592	85,633	43,776	71,239	62,608	55,132	47,269	27,463	24,517	39,340	34,298	43,103	41,639	33,502	30,497	17,855	20,593	32,795	27,729	48,021	37,845	65,425	23,020	21,324	32,049	14,737	14,417	13,959	11,439	8,254	9,100	6,500	10,500	6,700	21,000	7,500	9,200	21,300	9,400	9,600	11,600	12,800	10,600	17,400	5,900	9,400	4,300	9,200	12,600	6,400	12,100	6,400	45,300
Common Stock	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Common Stock Shares Outstanding	4,458	4,382	4,374	4,368	4,481	4,379	4,394	4,425	4,442	4,466	4,527	4,589	4,664	4,628	4,640	4,617	4,578	4,613	4,616	4,629	4,612	4,597	4,797	4,983	4,838	4,811	4,876	4,864	4,811	4,713	4,768	4,668	4,739	4,556	4,500	4,413	4,617	4,712	4,559	4,583	4,472	4,339	4,173	4,417	4,064	4,250	3,450	4,014	3,914	3,865	3,817	3,817	3,817	3,775	3,757	3,749	3,749	3,785	3,685	3,676	3,676	3,653	3,647	3,815	3,629	3,918	3,952	3,985	3,756	3,676	4,033	4,029	3,860	3,994	4,031	4,022	3,804	3,985	4,028	4,078	3,927	4,000	3,904	3,860	3,756	4,054	3,963	3,936	3,713	4,046	3,975	3,977	3,700	3,871	4,000	4,134	4,026	4,545	4,595	4,706	4,444	4,444	5,714	6,217	6,217	6,315	8,125	6,312	6,312	5,000	7,378	7,766	8,217	8,217	8,801	8,801	12,353	12,353	11,538
Common Stock Total Equity	0	0	91	91	91	91	91	91	91	0	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	91	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Current Deferred Revenue	-2,399	2,318	-23,702	-1,426	66	-4	-62	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	102,960	106,865	112,219	93,687	86,814	84,077	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	802	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,801	3,800,938	3,800,938	3,800,938	3,801	3,800,938	3,800,938	3,800,938	3,801	3,845,947	3,891	3,936	3,981	4,026	4,071	4,116	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Intangible Assets	2,709	2,780	2,789	2,878	2,986	3,117	3,234	3,274	3,290	3,249	3,183	3,146	3,100	2,962	2,754	2,337	2,328	2,175	2,076	2,062	2,110	2,125	2,118	2,054	2,079	2,033	2,059	2,053	2,058	2,015	1,982	1,830	1,892	1,857	1,451	1,448	1,507	1,542	1,571	1,630	1,708	1,769	1,795	1,783	1,732	1,580	1,533	1,497	1,485	1,447	1,520	1,575	1,586	1,517	1,429	1,356	1,315	1,266	1,140	765	728	824	957	1,110	5,071	21	49	5,658	5,865	6,075	6,260	6,477	6,674	6,867	7,040	7,243	7,366	7,449	7,527	7,631	7,696	476,602	505,730	534,858	7,053	592,375	623,420	654,464	6,390	708,561	6,102	5,937	5,964	6,063	6,141	6,204	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Inventory	-860,396	800,216	810,083	772,663	-39,262	-21,307	0	290	290	0	0	666	636	414	683	683	580	580	444	444	414	414	716	2,935	2,464	3,008	2,677	3,072	3,282	6,694	4,580	6,135	6,623	7,657	8,698	5,629	5,179	4,680	7,337	7,864	8,400	10,079	12,635	12,128	13,179	17,271	15,333	16,874	21,908	26,687	22,943	23,093	19,110	21,964	14,561	15,111	19,222	18,773	21,800	23,633	13,106	13,020	7,971	7,274	5,475	4,658	9,157	6,539	3,565	5,250	8,229	6,185	2,650	5,288	5,080	2,569	2,853	4,076	4,022	5,294	6,616	17,860	14,561	13,605	15,554	14,419	12,305	25,854	68,018	66,650	46,608	45,476	7,861	6,386	6,066	3,450	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Liabilities And Stockholders Equity	1,107,135	1,154,171	1,109,367	1,071,582	1,096,202	1,047,793	1,082,009	1,029,398	1,069,538	1,036,615	981,026	971,305	909,580	898,452	862,783	784,200	777,639	763,228	722,767	722,745	712,315	737,445	726,285	722,339	722,685	716,610	725,183	680,981	682,023	685,667	653,385	638,156	643,161	618,917	564,001	565,487	577,426	594,433	609,882	620,775	648,622	562,565	560,974	627,086	653,327	643,723	670,314	706,409	790,155	818,384	807,374	878,756	880,618	907,401	975,243	1,028,476	1,036,241	1,032,717	1,053,618	1,113,359	1,145,480	1,128,900	1,076,163	1,104,769	1,117,054	1,147,413	1,127,426	1,117,043	977,789	991,258	1,009,935	989,984	991,237	982,304	985,662	991,326	960,673	955,335	914,098	899,725	866,436	807,043	785,910	761,399	737,523	719,469	693,723	718,781	721,114	721,427	731,345	730,490	716,016	722,157	716,209	705,704	699,200	687,500	680,000	681,900	694,700	706,300	725,200	732,100	691,200	568,800	566,900	553,000	554,700	565,400	555,000	542,000	537,900	529,600	536,700	507,700	494,900	483,500	498,500
Long Term Debt	13,200	0	24,700	2,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,387	0	0	0	0	0	0	7,000	7,000	7,000	9,000	9,000	9,000	9,000	10,000	10,000	10,000	0	0	0	0	0	0	0	70,000	70,000	70,000	70,000	70,000	70,000	70,000	85,000	115,000	122,500	134,000	132,500	132,500	132,500	142,500	132,500	192,500	132,500	141,500	137,900	97,500	112,500	97,500	97,500	140,900	150,900	150,900	160,900	160,900	160,900	170,900	170,900	170,900	170,900	198,900	198,900	198,900	203,900	229,300	235,300	219,300	218,300	214,300	214,300	217,800	217,800	209,800	239,800	231,800	221,900	227,900	244,900	233,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,000	7,000	7,000	9,000	9,000	9,000	9,000	10,000	10,000	10,000	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	215,094	218,167	230,027	239,693	246,019	249,212	269,356	284,648	285,765	234,939	211,534	828,321	796,906	796,086	771,392	723,468	707,590	675,773	681,573	72,189	670,112	667,805	674,004	594,074	587,768	585,651	592,320	567,470	553,180	546,462	533,584	494,727	466,964	437,327	374,078	363,033	367,189	366,807	371,528	384,445	386,117	394,502	418,746	436,844	456,629	479,000	498,779	541,348	561,200	595,719	602,862	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	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Debt	2,362	-46,307	11,466	-7,820	-35,726	-18,059	-94,436	-29,176	-94,143	-149,436	-100,406	-115,391	-86,269	-76,027	-65,810	-35,744	-44,399	-62,507	-16,357	-15,121	-20,709	-48,076	-31,710	-26,576	-37,564	-30,600	-24,892	-5,489	-20,561	-25,594	-9,880	-4,766	-30,782	-359	-29,557	-12,936	-46,634	-57,177	-81,202	-100,016	-120,686	-57,652	-29,933	-2,995	-13,660	-6,400	4,382	24,023	2,160	31,689	58,276	75,024	101,519	123,083	107,796	98,199	117,509	122,031	116,342	179,959	126,771	124,280	123,425	69,964	88,782	45,584	61,908	55,267	107,124	79,661	98,292	105,768	113,631	143,437	146,383	131,560	136,602	155,797	157,261	165,398	173,403	211,445	214,707	186,505	190,571	166,279	176,455	152,375	194,780	188,476	207,751	217,063	207,483	213,941	233,461	225,646	220,300	205,400	181,900	178,700	166,900	177,200	168,700	146,000	118,300	102,400	102,800	92,900	95,500	84,400	95,200	63,000	64,600	59,700	57,000	49,900	39,900	-6,400	-45,300
Net Invested Capital	120,907	0	126,852	102,522	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,553	3,868	3,395	3,199	3,003	2,662	2,396	2,269	2,132	2,062	2,135	2,374	3,102	4,236	3,380	2,236	2,251	2,217	2,522	2,326	2,356	2,225	2,330	2,104	2,344	2,580	2,609	2,417	2,626	2,235	2,411	2,134	2,254	2,162	1,779	1,941	1,713	1,786	1,742	1,892	1,953	1,817	2,004	1,971	2,018	2,135	1,980	2,262	2,449	2,576	2,932	3,221	3,311	3,807	4,306	3,786	4,024	3,952	4,736	4,758	5,568	5,211	6,199	6,426	6,893	7,350	7,111	6,206	5,061	4,659	4,397	4,818	4,460	4,513	4,129	4,482	3,694	3,927	3,531	3,817	3,462	3,575	3,302	3,313	3,051	3,170	3,284	3,496	3,509	3,653	3,466	3,714	4,312	4,044	4,124	3,975	3,900	3,900	3,800	3,800	4,000	3,900	4,600	3,900	4,000	3,200	3,800	2,900	3,400	3,300	3,400	3,300	3,400	3,300	3,800	3,300	3,300	3,000	2,700
Net Tangible Assets	0	100,968	101,350	99,420	96,534	88,908	95,046	99,817	109,219	109,115	107,133	104,262	102,450	100,341	97,313	94,233	91,846	90,388	88,009	84,317	82,345	79,192	81,023	81,254	80,016	79,830	77,921	76,598	75,117	74,032	72,535	71,687	69,645	68,710	67,494	66,775	66,013	64,611	63,376	61,226	59,675	41,598	35,533	35,572	35,498	34,656	34,478	34,550	32,281	40,521	43,054	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-237,153	953,245	896,446	852,109	284,983	270,466	829,661	316,035	381,977	787,734	755,530	777,989	747,315	765,557	750,915	669,242	655,815	664,534	629,912	630,066	619,442	644,881	634,130	629,765	633,960	627,065	635,248	591,252	592,227	594,377	566,724	522,685	521,584	464,044	429,859	402,809	431,010	445,416	474,107	509,760	532,101	464,256	461,825	527,087	558,284	575,704	584,398	608,691	653,809	28,622	661,784	709,498	716,926	747,300	805,581	852,888	862,450	881,070	898,219	934,323	949,328	922,592	932,188	920,970	904,256	909,568	897,965	907,020	831,164	825,947	844,861	845,260	810,876	865,423	865,118	873,340	825,856	832,569	786,765	769,808	711,647	472,157	662,962	644,625	598,038	-3,888,886	-3,945,660	-3,737,545	-3,766,350	-3,834,181	715,774	715,573	662,205	706,078	700,563	689,814	684,100	672,100	664,700	666,500	664,600	691,300	533,200	550,200	550,100	-100,300	-100,200	-91,500	-93,600	-82,600	-93,500	-61,400	-62,800	-58,100	-54,900	-47,800	-37,600	8,300	-
Non Current Assets Total	1,092,431	25,955	25,757	25,343	266,299	269,882	290,342	305,949	307,230	248,805	225,390	193,171	162,125	132,670	111,597	114,614	121,404	98,317	92,550	92,347	92,527	92,285	91,891	92,377	88,579	89,433	89,721	89,524	89,560	91,052	86,428	115,241	121,335	154,621	133,899	162,512	146,323	148,916	135,672	110,908	116,375	98,182	98,971	99,826	94,796	67,782	85,398	97,156	135,566	153,835	144,692	168,341	162,600	159,063	168,214	173,841	171,683	149,947	150,838	174,393	189,845	200,324	137,368	174,707	203,283	230,018	225,055	207,820	145,449	163,876	163,506	142,864	138,275	114,739	118,640	116,043	123,502	121,502	126,476	129,021	121,022	105,158	122,529	116,103	138,635	4,393,313	4,424,358	4,455,402	4,486,447	4,554,508	14,461	13,620	14,235	14,075	14,068	13,763	13,700	13,900	14,000	14,000	14,000	13,200	12,700	12,500	12,000	188,100	193,000	184,100	182,200	194,500	207,400	216,400	210,900	210,500	228,200	212,700	199,700	206,100	195,800
Non Current Liabilities Other	0	0	30,561	10,763	10,122	3,332	2,133	2,954	2,143	0	2,382	2,971	1,998	1,857	1,821	3,120	2,413	2,924	1,487	2,637	1,448	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	70,000	70,000	70,000	70,000	70,000	70,933	117,288	85,730	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	747,571	1,049,965	24,700	1,049	298	53	53	58	63	0	2,382	2,971	1,998	1,857	1,821	1,563	1,563	2,924	1,487	1,483	1,483	0	0	0	0	0	7,000	7,000	7,000	9,000	9,000	9,000	9,000	10,000	10,000	10,000	1,255	0	0	1,272	1,272	0	0	70,000	70,000	70,000	70,000	70,000	70,000	70,000	85,000	115,000	122,500	134,000	132,500	132,500	133,927	142,500	132,500	192,500	142,500	141,500	137,900	97,500	112,500	97,500	97,500	140,900	150,900	150,900	160,900	160,900	120,900	170,900	170,900	170,900	160,900	198,900	198,900	198,900	170,900	758,500	235,300	219,300	218,300	1,143,300	548,900	217,800	217,800	209,800	239,800	231,800	183,900	227,900	244,900	233,900	229,400	211,900	192,400	185,400	172,900	184,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Currrent Assets Other	1,064,448	-220,947	-232,816	-242,571	-8,347	-9,303	-7,392	-6,257	8,717	-2,611	-2,342	-2,507	-163,293	-1,199	-1,121	-1,208	501,993	-2,225	-2,282	-6,841	516,743	-3,959	-3,875	-3,834	521,794	-5,711	-5,708	-5,822	484,804	-8,586	-8,553	-8,582	370,099	-10,213	-10,395	-10,269	247,831	-14,985	-14,892	-15,016	306,865	321,200	346,815	361,270	386,962	438,563	441,029	473,059	458,186	479,529	-134,247	-157,643	-151,564	-147,828	-156,792	-13,531	-159,602	-8,759	-8,779	-8,812	-175,145	-5,475	-4,996	-3,890	5,071	-2,722	-3,433	5,658	5,865	6,193	6,260	6,477	6,674	4,049	7,040	4,106	7,366	4,163	4,191	7,631	4,248	4,278	4,307	4,336	4,362	4,379,794	4,411,253	4,443,585	4,475,586	4,544,059	4,623	3,936	4,775	4,878	4,982	5,085	5,200	5,300	5,400	5,500	5,600	5,700	5,800	6,000	6,100	-188,100	-193,000	-184,100	-182,200	-194,500	-207,400	-216,400	-210,900	-210,500	-228,200	-212,700	-199,700	-206,100	-195,800
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Assets	169,091	172,594	186,049	193,081	544,622	507,392	-38,047	407,356	380,268	1,285,420	1,206,416	1,164,476	1,071,705	1,031,122	974,380	898,814	899,043	861,545	815,317	815,092	804,842	829,730	818,176	814,716	811,264	806,043	814,904	770,505	771,583	776,719	739,813	753,397	764,496	773,538	697,900	727,999	723,749	743,349	745,554	731,683	764,997	660,747	659,945	726,912	748,123	711,505	755,712	803,565	925,721	972,219	952,066	1,047,097	1,043,218	1,066,464	1,143,457	1,202,317	1,207,924	1,182,664	1,204,456	1,287,752	1,335,325	1,329,224	1,213,531	1,279,476	1,320,337	1,377,431	1,352,481	1,324,863	1,123,237	1,155,134	1,173,440	1,132,848	1,129,512	1,097,043	1,104,301	1,107,369	1,084,175	1,076,837	1,040,574	1,028,746	987,458	912,201	908,439	877,502	876,158	135,475	160,176	166,710	147,548	123,461	139,373	141,286	165,513	185,784	184,338	198,690	0	0	0	0	0	0	0	0	0	367,900	358,500	353,200	358,500	350,200	338,300	312,900	319,300	306,600	292,100	285,300	279,800	268,000	254,700
Other Current Assets	14,704	50,544	16,849	13,319	39,262	21,307	463,008	4,151	380,268	401,373	441,561	481,091	509,994	566,955	584,203	530,667	501,993	515,335	531,434	533,019	516,743	515,255	519,829	520,108	516,726	515,646	522,314	498,003	483,799	477,670	470,101	401,187	367,816	306,437	263,325	223,953	244,922	246,013	264,019	305,466	301,652	315,227	339,773	361,270	386,962	497,406	517,318	561,014	584,300	623,662	633,026	667,218	693,726	733,614	778,019	816,548	844,116	858,349	881,886	921,667	934,338	906,145	918,121	896,100	883,160	858,129	859,668	817,384	783,503	751,483	779,425	787,169	801,233	835,589	838,376	831,461	799,178	786,803	742,453	733,384	711,455	680,455	639,486	609,188	568,108	-3,725,035	-3,771,764	-3,805,542	-3,791,861	-3,858,058	681,368	698,419	683,052	690,079	686,578	679,712	672,500	663,200	651,700	657,400	655,700	681,700	698,700	694,400	665,800	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Current Liab	251,645	-2,377	-1,115	-1,049	-298	-53	-53	-58	-63	-76	-106	-145	-140	-225	-271	-344	-420	-377	-305	-332	-346	-279	-264	-197	-146	-112	-214	-205	-236	-238	-233	-230	-242	-252	-243	-166	-93	-101	-103	-107	-146	-127	-178	-173	-247	-237	-518	-562	-780	630,606	-898	-917	-1,092	-1,038	-1,448	-1,747	-2,108	-1,700	-4,561	-4,643	-6,307	-5,984	-6,607	-9,092	-9,515	-7,827	-4,406	-2,203	-1,176	-1,435	-1,568	-1,860	0	-2,142	-1,904	-1,943	0	-1,264	-857	-896	0	0	-420	-670	-849	0	0	-924	-1,017	-1,100	-1,109	-1,297	0	-2,004	-1,579	-2,127	-1,400	-1,500	-1,300	-1,400	0	0	0	0	0	0	0	0	0	0	0	-74,100	-70,500	-70,600	-71,300	-57,500	-53,000	-1,100	-1,200
Other Liab	0	4,649	0	8,463	10,122	3,332	2,133	2,954	2,143	3,212	2,382	2,971	1,998	1,857	1,821	3,120	2,413	2,924	1,487	2,637	1,448	2,187	1,268	6,478	6,266	7,007	5,359	5,205	6,293	9,590	7,988	5,963	5,129	8,621	5,031	5,389	4,663	8,914	7,653	11,166	9,017	9,268	8,059	8,388	7,542	8,333	6,486	8,707	6,918	6,771	7,688	6,037	5,341	7,233	6,441	8,494	7,792	8,197	11,437	13,109	10,262	11,976	10,895	14,904	18,308	16,194	9,699	9,401	7,787	6,676	7,056	8,971	8,072	8,675	7,973	8,123	7,100	6,890	6,764	7,292	30,203	8,495	10,272	19,534	10,628	8,062	6,470	13,884	9,546	9,941	7,736	7,883	5,800	6,431	5,467	6,799	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	-21,471	-20,998	-21,154	-21,306	-21,403	-21,570	-21,052	-20,501	-19,890	-19,345	-18,390	-16,335	-15,970	-15,015	-15,144	-15,309	-15,036	-15,191	-15,345	-15,503	-15,602	-15,802	-11,477	-9,625	-9,764	-9,899	-10,032	-10,161	-10,238	-10,376	-10,510	-10,638	-10,768	-10,890	-11,011	-11,334	-11,465	-11,594	-11,722	-11,837	-11,953	-11,887	-11,813	-11,710	-11,548	-11,401	-11,344	-11,295	-11,264	-11,239	-11,215	-11,197	-11,187	-11,200	-11,220	-11,248	-11,283	-11,315	-11,347	-11,369	-11,420	-10,374	-10,510	-10,668	-10,108	-8,133	-7,730	-6,824	-9,090	-5,341	-4,122	-3,127	-5,825	-2,905	-3,002	-3,090	-2,580	-2,179	-1,726	-388	264	-125	-631	-1,408	-331	-4,530	-5,655	-5,416	-5,123	-4,738	-4,150	-5,346	-6,846	-8,301	-6,926	-6,095	-3,900	-1,600	3,300	5,100	5,800	6,800	7,500	22,100	23,200	24,600	24,400	24,200	28,100	32,300	36,000	39,900	41,600	44,300	49,700	49,600	53,400	48,200	49,100
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
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	10,000	16,000	16,000	26,000	26,000	25,778	25,629	25,481	25,336	25,193	25,053	24,915	24,780	24,648	24,517	24,390	24,264	24,141	24,020	23,901	23,785	23,670	23,558	23,448	23,384	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	34,834	0	0	0	35,354	0	0	0	0	0	9,871	9,945	10,133	10,342	10,248	10,426	10,515	10,325	9,623	9,551	9,635	9,754	8,446	8,347	8,226	8,247	8,213	8,121	8,223	8,119	8,079	7,583	7,469	7,426	7,007	6,919	6,982	6,833	6,854	6,785	6,711	6,726	6,883	7,019	7,173	7,359	7,576	7,704	7,967	8,255	8,925	9,123	9,450	9,718	9,993	10,403	10,766	13,097	13,832	13,759	13,972	13,442	12,585	12,401	12,024	14,587	15,680	11,121	13,444	11,675	12,025	12,305	11,942	12,177	12,327	12,487	12,464	12,542	12,455	12,388	12,110	12,352	12,591	12,735	12,876	13,519	13,105	11,817	10,861	10,449	9,839	9,684	9,460	9,197	9,086	8,678	8,500	8,600	8,600	8,500	8,400	7,500	6,900	6,500	5,900	4,200	4,100	4,000	3,600	3,500	3,500	0	0	0	0	0	0	0	-
Property Plant And Equipment Net	16,295	16,128	16,282	16,467	16,492	16,751	16,950	17,225	17,373	9,815	9,871	9,945	10,133	10,342	10,248	10,426	10,515	10,325	9,623	13,938	9,635	9,754	8,446	8,347	8,226	8,247	8,213	8,121	8,223	8,119	8,079	7,583	7,469	7,426	7,007	6,919	6,982	6,833	6,854	6,785	6,711	6,726	6,883	7,019	7,173	7,359	7,576	7,704	7,967	8,255	8,925	9,123	9,450	9,718	9,993	10,403	10,766	13,097	13,832	13,759	13,972	13,442	12,585	12,401	12,024	14,587	15,680	11,121	13,444	11,675	12,025	12,305	11,942	12,177	12,327	12,487	12,464	12,542	12,455	12,388	12,110	12,352	12,591	12,735	12,876	13,519	13,105	11,817	10,861	10,449	9,839	9,684	9,460	9,197	9,086	8,678	8,500	8,600	8,600	8,500	8,400	7,500	6,900	6,500	5,900	4,200	4,100	4,000	3,600	3,500	3,500	3,600	3,600	3,700	3,700	3,600	3,500	3,500	3,500
Property Plant Equipment	0	16,128	16,282	16,467	16,492	16,751	16,950	17,225	17,373	9,815	12,671	9,945	10,133	10,342	10,248	10,426	10,515	10,325	9,623	9,551	9,635	9,754	8,446	8,347	8,226	8,247	8,213	8,121	8,223	8,119	8,079	7,583	7,469	7,426	7,007	6,919	6,982	6,833	6,854	6,785	6,711	6,726	6,883	7,019	7,173	7,359	7,576	7,704	7,967	8,255	8,925	9,123	9,450	9,718	9,993	10,403	10,766	13,097	13,832	13,759	13,972	13,442	12,585	12,401	12,024	12,082	10,977	11,121	11,372	11,675	12,025	12,305	11,942	12,177	12,327	12,487	12,464	12,542	12,455	12,388	12,110	12,352	12,591	12,736	12,876	13,519	13,105	11,817	10,861	10,449	9,839	9,684	9,460	9,197	9,086	8,678	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Retained Earnings	142,278	141,175	140,025	138,952	138,409	136,230	134,661	132,634	131,413	129,414	125,795	121,267	117,849	114,724	111,623	108,932	107,547	106,311	104,235	101,374	99,754	97,402	94,690	92,964	91,448	90,903	89,123	88,102	86,886	85,202	83,788	82,310	80,536	79,446	78,626	78,041	77,805	76,486	75,309	73,465	72,211	54,488	48,822	47,386	47,004	45,844	45,532	45,462	42,983	50,934	53,313	55,930	55,838	66,094	75,786	83,943	86,115	86,291	85,735	95,264	98,067	100,605	108,572	111,514	110,943	109,079	107,225	105,715	103,643	101,912	102,784	100,763	98,952	96,393	95,037	93,381	91,408	90,127	88,424	86,698	85,365	83,988	81,729	80,380	79,660	79,199	78,988	78,397	76,957	76,919	75,428	74,606	73,381	72,318	71,046	69,556	68,400	67,200	66,000	64,700	63,400	61,700	62,400	61,900	60,200	59,000	57,500	56,100	54,600	53,300	53,500	52,000	50,400	48,900	47,500	46,100	44,800	43,500	42,100
Retained Earnings Total Equity	0	0	140,025	138,952	138,409	136,230	134,661	132,634	131,413	0	125,795	121,267	117,849	114,724	111,623	108,932	107,547	106,311	104,235	101,374	99,754	97,402	94,690	92,964	91,448	90,903	89,123	88,102	86,886	85,202	83,788	82,310	80,536	79,446	78,626	78,041	77,805	76,486	75,309	73,465	72,211	54,488	48,822	47,386	47,004	45,844	45,532	45,462	42,983	50,934	53,313	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,000	7,000	7,000	0	0	0	9,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt Total	13,513	369	24,700	2,300	533	586	518	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,000	7,000	7,000	9,000	9,000	9,000	9,000	10,000	10,000	10,000	0	0	0	0	0	0	0	70,000	70,000	70,000	70,000	70,000	70,000	70,000	85,000	115,000	122,500	134,000	132,500	132,500	133,927	142,500	132,500	192,500	142,500	141,500	137,900	97,500	112,500	97,500	97,500	140,900	150,900	150,900	160,900	160,900	160,900	170,900	170,900	170,900	170,900	198,900	198,900	198,900	203,900	229,300	235,300	219,300	218,300	214,300	214,300	217,800	217,800	209,800	239,800	231,800	221,900	227,900	244,900	233,900	229,400	211,900	192,400	185,400	187,900	184,700	177,900	167,300	127,700	112,000	114,400	105,700	106,100	101,800	101,100	72,400	68,900	68,900	69,600	56,300	52,000	0	-
Short Term Debt	212	59	24,817	2,475	232	57	115	0	0	0	0	40,000	40,000	0	0	0	0	0	0	0	0	0	0	0	0	0	7,000	7,000	7,000	0	0	0	9,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	40,000	40,000	0	0	10,000	10,000	0	0	33,000	33,000	229,300	0	0	0	214,300	214,300	0	0	0	0	38,000	38,000	0	0	0	0	0	0	0	15,000	100	177,900	167,300	127,700	112,000	114,400	105,700	106,100	101,800	101,100	72,400	68,900	68,900	69,600	56,300	52,000	0	-
Short Term Investments	215,094	218,167	230,027	239,693	246,019	249,212	269,356	284,648	285,765	234,939	211,534	179,278	148,090	118,564	97,793	100,939	107,592	84,852	80,049	79,932	79,980	79,604	80,525	81,174	77,472	78,351	78,647	78,548	78,477	80,116	75,565	105,828	111,974	145,338	125,441	154,145	137,834	140,541	127,247	102,493	107,956	89,687	90,293	91,024	85,891	46,406	61,420	70,358	126,114	120,452	107,467	128,002	125,374	108,676	112,925	113,714	113,009	76,847	71,722	87,167	102,731	111,463	107,167	139,679	171,628	191,251	189,511	0	122,115	0	0	0	104,390	0	0	0	0	0	0	0	79,163	72,201,371	0	0	79,163	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Assets	1,107,135	1,154,171	1,109,367	1,071,582	1,096,202	1,047,793	1,082,009	1,029,398	1,069,538	1,036,615	981,026	971,305	909,580	898,452	862,783	784,200	777,639	763,228	722,767	722,745	712,315	737,445	726,285	722,339	722,685	716,610	725,183	680,981	682,023	685,667	653,385	638,156	643,161	618,917	564,001	565,487	577,426	594,433	609,882	620,775	648,622	562,565	560,974	627,086	653,327	643,723	670,314	706,409	790,155	818,384	807,374	878,756	880,618	907,401	975,243	1,028,476	1,036,241	1,032,717	1,053,618	1,113,359	1,145,480	1,128,900	1,076,163	1,104,769	1,117,054	1,147,413	1,127,426	1,117,043	977,789	991,258	1,009,935	989,984	991,237	982,304	985,662	991,326	960,673	955,335	914,098	899,725	866,436	807,043	785,910	761,399	737,523	719,469	693,723	718,781	721,114	721,427	731,345	730,490	716,016	722,157	716,209	705,704	699,200	687,500	680,000	681,900	694,700	706,300	725,200	732,100	691,200	568,800	566,900	553,000	554,700	565,400	555,000	542,000	537,900	529,600	536,700	507,700	494,900	483,500	498,500
Total Current Assets	14,704	955,622	897,561	853,158	285,281	270,519	829,714	316,093	382,040	787,810	755,636	778,134	747,455	765,782	751,186	669,586	656,235	664,911	630,217	630,398	619,788	645,160	634,394	629,962	634,106	627,177	635,462	591,457	592,463	594,615	566,957	522,915	521,826	464,296	430,102	402,975	431,103	445,517	474,210	509,867	532,247	464,383	462,003	527,260	558,531	575,941	584,916	609,253	654,589	664,549	662,682	710,415	718,018	748,338	807,029	854,635	864,558	882,770	902,780	938,966	955,635	928,576	938,795	930,062	913,771	917,395	902,371	909,223	832,340	827,382	846,429	847,120	852,962	867,566	867,022	875,283	837,171	833,833	787,622	770,703	745,414	701,885	663,381	645,296	598,887	-3,673,844	-3,730,635	-3,736,621	-3,765,333	-3,833,081	716,883	716,870	701,781	708,082	702,141	691,941	685,500	673,600	666,000	667,900	680,700	693,100	712,500	719,600	679,200	12,800	15,400	15,700	14,000	20,700	9,300	12,700	7,700	12,500	16,400	9,700	15,400	9,400	48,000
Total Current Liabilities	251,857	2,377	1,115	1,049	298	53	53	58	63	76	106	145	140	225	271	344	420	377	305	332	346	279	264	197	146	112	214	205	236	238	233	230	242	252	243	166	93	101	103	107	146	127	178	173	247	237	518	562	780	635,927	898	917	1,092	1,038	1,448	1,747	2,108	1,700	4,561	4,643	6,307	5,984	6,607	9,092	9,515	7,827	4,406	2,203	1,176	1,435	1,568	1,860	42,086	2,142	1,904	1,943	11,314	1,264	857	896	33,767	229,729	420	670	849	215,042	215,025	924	1,017	1,100	1,109	1,297	39,576	2,004	1,579	2,127	1,400	1,500	1,300	1,400	16,100	1,800	179,300	169,400	129,100	113,100	115,600	107,200	107,600	103,300	102,800	74,100	70,500	70,600	71,300	57,500	53,000	1,100	1,200
Total Liab	999,428	2,377	1,007,215	971,360	998,866	958,083	986,161	928,775	959,507	926,681	873,068	866,241	806,328	797,309	764,668	689,165	684,991	672,038	633,956	637,395	629,168	657,451	644,460	640,283	641,867	635,978	646,460	603,581	606,104	610,833	580,048	566,469	573,516	550,207	496,507	498,712	501,413	513,822	530,506	533,549	562,947	495,189	499,812	566,033	592,493	583,874	610,783	646,944	733,094	753,215	739,803	809,115	811,071	827,245	885,389	930,786	936,303	932,271	953,902	1,003,978	1,033,267	1,042,324	981,111	1,005,381	1,018,926	1,050,113	1,032,710	1,022,230	884,646	899,194	916,311	897,337	900,509	894,286	899,104	906,838	876,902	872,542	832,969	817,848	785,791	727,883	708,757	686,916	661,879	644,709	620,299	645,708	649,189	649,155	659,975	661,139	649,390	658,048	651,998	642,151	634,600	621,800	612,800	612,900	626,300	638,200	654,400	647,100	606,700	484,200	485,100	474,200	472,600	481,700	467,700	74,100	70,500	70,600	71,300	57,500	53,000	1,100	1,200
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Stockholder Equity	107,707	101,770	102,152	100,222	97,336	89,710	95,848	100,623	110,031	109,934	107,958	105,064	103,252	101,143	98,115	95,035	92,648	91,190	88,811	85,350	83,147	79,994	81,825	82,056	80,818	80,632	78,723	77,400	75,919	74,834	73,337	71,687	69,645	68,710	67,494	66,775	76,013	80,611	79,376	87,226	85,675	67,376	61,162	61,053	60,834	59,849	59,531	59,465	57,061	65,169	67,571	69,641	69,547	80,156	89,854	97,690	99,938	100,446	99,716	109,381	112,213	86,576	95,052	99,388	98,128	97,300	94,716	94,813	93,142	92,064	93,624	92,646	90,728	88,018	86,558	84,488	83,771	82,791	81,127	82,148	80,931	79,467	77,522	74,894	76,065	75,180	73,757	73,283	72,161	72,300	71,142	69,198	66,626	64,109	64,212	63,552	64,600	65,700	67,200	69,000	68,400	68,100	70,800	85,000	84,500	84,600	81,800	78,800	82,100	83,700	87,300	90,900	91,700	92,100	96,100	90,300	89,000	91,700	91,200
Treasury Stock	0	0	0	0	-61,353	-61,353	-60,668	-59,988	-59,374	0	-57,521	-55,339	-55,000	-53,910	-53,910	-54,061	-53,758	-53,758	-53,758	-53,791	-53,856	-56,495	-56,494	-58,183	-58,357	-58,357	-58,357	-58,416	-58,581	-58,581	-58,581	-58,650	-58,739	-58,739	-58,739	-58,807	-59,062	-59,061	-59,061	-59,625	-60,324	-60,673	-60,673	-60,452	-60,346	-60,346	-60,346	-60,346	-61,535	-61,535	-61,535	-61,523	-64,223	-64,223	-64,223	-64,045	-66,282	-66,282	-66,282	-68,463	-68,336	-68,336	-68,330	-68,330	-68,157	-66,023	-65,421	-64,361	-64,064	-63,128	-61,812	-60,692	-60,875	-60,837	-60,869	-60,869	-60,455	-59,925	-59,399	-58,103	-57,600	-58,043	-58,562	-60,201	-59,217	-58,825	-59,023	-59,690	-59,291	-58,058	-58,564	-58,792	-59,066	-59,091	-57,347	-56,374	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Begin Period Cash Flow	36,259	94,143	86,269	44,399	20,709	37,564	27,561	39,782	46,634	120,686	83,660	67,840	20,981	16,418	15,729	23,718	43,776	47,269	34,298	30,497	27,729	23,020	14,417	9,051	21,000	9,400	10,600	4,200	12,100	10,200
Capital Expenditures	691	342	8,309	734	2,232	2,497	1,011	1,607	803	847	425	295	201	292	558	3,772	2,552	1,370	1,209	2,221	1,046	4,282	2,439	1,826	900	3,100	18,700	300	500	900
Cash And Cash Equivalents Changes	0	-57,884	0	41,870	23,690	-16,855	10,003	-12,221	-6,852	-74,052	37,026	15,820	46,859	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	1,203	0	-673	-693	1,343	-417	323	239	2	787	297	1,477	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-25,108	-57,884	7,874	41,870	23,690	-16,855	10,003	-12,221	-6,852	-74,052	37,026	15,820	46,859	4,563	689	-7,989	-20,058	-3,493	12,970	3,802	2,768	4,709	8,603	5,365	-11,900	7,800	16,600	12,200	27,800	68,500
Change In Working Capital	-104	595	89	714	673	-2,179	546	402	-146	-522	1,170	-1,182	2,272	2,007	-3,689	-5,426	30,088	3,622	715	-2,039	850	1,046	245	448	300	500	-1,300	-30,800	-300	-600
Change Receivables	0	-871	0	-851	-105	12	-282	265	346	240	65	431	862	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-550	-871	970	-851	105	-12	282	-265	-346	240	65	431	862	713	1,544	1,326	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	11,376	19,338	8,337	14,483	15,371	12,833	6,302	5,413	3,016	3,641	13,710	5,164	11,815	5,527	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	120	0	390	74	200	-91	-9	137	-318	263	-2,309	68	0	0	0	8,339	0	771	548	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	20,496	8,367	6,005	-1,216	-649	-523	-645	-164	9,270	-10,096	11,704	24,827	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	1,466	-881	1,565	568	-2,167	264	667	200	-762	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1,120	2,138	2,283	2,525	2,008	1,728	1,603	1,543	1,289	1,093	1,472	1,823	1,829	2,075	2,393	1,973	2,060	20	1,255	1,251	3,802	2,551	1,635	1,566	1,500	2,600	500	0	-400	-200
Dividends Paid	-1,306	1,049	1,049	1,049	1,049	0	0	0	225	5,964	0	0	0	1,300	1,163	2,749	3,724	3,736	3,524	3,246	2,901	2,562	1,881	1,745	1,400	900	0	0	0	0
End Period Cash Flow	11,151	36,259	94,143	86,269	44,399	20,709	37,564	27,561	39,782	46,634	120,686	83,660	67,840	20,981	16,418	15,729	23,718	43,776	47,269	34,298	30,497	27,729	23,020	14,417	9,100	17,200	27,200	16,400	39,900	78,700
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
Free Cash Flow	6,989	30,969	15,994	16,208	12,969	15,312	16,032	23,906	10,017	16,497	18,567	16,542	17,139	25,263	14,890	14,653	37,787	18,334	23,863	13,166	23,012	64,643	-52,328	4,587	18,400	44,700	-12,100	5,500	4,800	11,000
Investments	-36,986	-169,949	-142,688	-111,239	-43,779	-16,111	-43,176	-57,207	10,951	-16,394	43,936	129,448	27,836	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital 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
Net Borrowings	0	0	0	0	0	0	-7,000	-2,000	9,000	9,000	-70,000	0	-52,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	6,005	8,045	13,564	10,302	7,793	8,236	4,404	6,350	2,956	7,379	26,670	5,321	-11,555	-28,978	-10,796	-10,127	11,274	8,428	11,068	9,290	8,605	5,266	5,458	6,702	6,400	4,100	5,600	4,300	5,600	4,700
Other Cashflows From Financing Activities	18,460	198,069	155,601	120,861	77,484	-5,083	142,077	59,631	42	-57,007	50,737	-100,691	-17,168	-26,827	1,014,626	-227	318,292	24,436	110,560	177,536	301,580	19,993	267,587	184,511	3,800	8,700	16,600	12,200	27,800	68,500
Other Cashflows From Investing Activities	0	45,110	-159	17,492	3,062	2,281	1,270	8,449	1,127	4,816	5,786	-29,478	81,554	14,532	10,749	0	0	0	0	423	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-123	19,739	7,079	3,627	3,620	8,389	7,699	13,560	4,302	4,340	3,885	12,615	-163	38,345	30,029	36,540	1,735	9,305	15,107	8,724	17,742	63,404	-57,076	-2,680	10,800	45,000	2,900	1,400	200	8,000
Sale Purchase Of Stock	-629	-2,134	-4,589	-1,450	-45	-6,453	0	0	-10,000	-16,000	0	0	0	0	0	-723	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	625	691	676	576	611	551	528	530	697	488	259	272	29	63	27	33	-2,196	-920	-1,814	-1,103	-6,399	-3,501	671	23	-100	-2,800	-1,200	0	-400	-100
Total Cash From Financing Activities	-1,808	35,986	151,011	119,409	51,438	-18,337	35,877	12,631	14,192	-78,971	-31,263	-100,692	-79,670	-125,127	-95,537	43,817	116,168	-23,801	19,036	86,389	123,279	7,930	-6,094	7,466	-100	7,800	16,600	12,200	27,800	68,500
Total Cash From Operating Activities	7,680	31,311	24,303	16,942	15,201	17,809	17,043	25,513	10,820	17,344	18,992	16,837	17,340	25,555	15,448	18,425	40,339	19,704	25,072	15,387	24,058	68,924	-49,889	6,413	19,300	47,800	6,600	5,800	5,300	11,900
Total Cashflows From Investing Activities	0	-125,181	-167,440	-94,481	-42,949	-16,327	-42,917	-50,365	-31,864	-12,425	49,297	99,675	109,189	104,135	80,778	0	0	603	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30
Begin Period Cash Flow	46,676	13,234	10,120	36,259	18,645	94,954	29,176	94,143	149,436	100,406	115,391	86,269	76,027	65,810	35,744	44,399	62,507	16,357	15,121	20,709	48,076	31,710	26,576	37,564	30,600	31,892	12,489	27,561	34,594	18,880	13,766	39,782	10,359	39,557	22,936	46,634	57,177	81,202	100,016	120,686	57,652	29,933	72,995	83,660	76,400	65,618	45,977	67,840	38,311	26,724	39,976	20,981	10,917	24,704	34,301	16,418	20,469	16,158	12,541	15,729	17,220	14,475	27,536	23,718	51,916	35,592	85,633	43,776	71,239	62,608	55,132	47,269	27,463	24,517	39,340	34,298	43,103	41,639	33,502	30,497	17,855	20,593	32,795	27,729	48,021	37,845	64,425	22,020	21,324	32,049	14,737	14,417	13,959	11,439	8,254	9,051	6,500	10,500	11,100	21,000	0	0	47,400	9,400	0	9,600	8,100	10,600	0	18,800	1,300	4,300	0	16,700	19,500	12,100	800	0
Capital Expenditures	171	134	95	291	36	104	30	172	7,869	194	180	66	65	366	101	202	484	1,218	341	189	164	1,587	368	378	239	274	360	138	338	260	700	309	233	212	259	99	309	124	209	205	115	82	109	119	74	46	150	25	18	68	115	70	70	158	30	34	24	267	539	310	1,047	1,272	617	836	416	1,574	324	238	182	143	214	832	193	290	271	454	601	497	465	657	256	377	24	389	600	805	1,608	1,268	695	868	407	468	488	346	640	353	200	100	400	200	1,000	800	500	800	17,700	300	200	500	100	100	0	0	100	0	300	100	100	100
Cash And Cash Equivalents Changes	0	0	3,114	-26,139	17,614	-76,309	65,778	-64,967	0	0	-14,985	29,122	10,242	10,217	30,066	-8,655	-18,108	46,150	1,236	-5,588	-27,367	16,366	5,134	-10,988	6,964	-1,292	19,403	-15,072	-7,033	15,714	5,114	-26,016	29,423	-29,198	16,621	-23,698	-10,543	-24,025	-18,814	-20,670	63,034	27,719	-43,062	-10,665	7,260	10,782	19,641	-21,863	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-416	258	1,169	577	-1,192	649	0	0	1,948	-1,912	-619	1,176	-725	-505	592	-413	-204	-668	1,242	28	-384	457	-41	-609	207	26	619	-174	-144	22	301	-275	174	39	-556	121	719	-282	-145	445	563	-76	254	-181	-40	264	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-35,525	33,442	3,114	-26,139	17,614	-76,309	65,778	-64,967	-55,293	49,030	-14,985	29,122	10,242	10,217	30,066	-8,655	-18,108	46,150	1,236	-5,588	-27,367	16,366	5,134	-10,988	6,964	-1,292	19,403	-15,072	-7,033	15,714	5,114	-26,016	29,423	-29,198	16,621	-23,698	-10,543	-24,025	-18,814	-20,670	63,034	27,719	-43,062	-10,665	7,260	10,782	19,641	-21,863	29,529	11,587	-13,252	18,995	10,064	-13,787	-9,597	17,883	-4,051	4,311	3,617	-3,188	-1,491	2,745	-13,061	3,818	-28,198	16,324	-50,041	41,857	-27,463	8,631	7,476	7,864	19,806	2,946	-14,824	5,042	-8,804	1,464	8,137	3,005	12,642	-2,738	-12,202	5,066	-20,292	10,176	-26,580	42,406	1,696	-10,725	17,312	320	457	2,520	3,185	-798	2,600	-4,000	-600	-16,100	-10,700	-15,200	-4,300	38,000	10,300	-800	9,600	-2,500	-1,400	-2,200	18,800	-3,000	7,000	-3,300	16,700	7,400	14,100	800
Change In Working Capital	3,488	-473	3,046	-4,561	451	2,346	-1,510	-692	-879	162	2,954	-2,148	1,685	-2,390	945	474	-1,705	1,287	979	112	-896	283	-784	-782	191	1,230	490	-1,365	-3,425	2,016	1,421	390	-3,487	2,694	544	103	-4,321	965	2,088	746	8	845	234	83	-264	610	-1,129	-399	517	-1,381	3,129	7	-339	8,693	-7,033	686	-2,326	-148	-3,374	2,159	3,159	-7,453	2,013	-3,145	6,918	13,187	-2,123	12,106	8,655	-152	-5,140	259	-565	1,125	-152	307	1,294	-2,056	-107	-1,170	1,205	-528	325	-153	2,519	546	-1,289	-730	231	-763	-80	857	-513	911	-1,401	1,450	-100	500	-1,500	1,400	1,200	-19,400	-2,000	1,300	-1,400	1,000	-1,200	300	-11,000	10,900	-32,100	900	-500	600	-500	100	-45,900	100
Change Receivables	0	0	-196	-196	-341	-266	-127	-137	0	0	239	728	1,134	-3,114	1,144	-15	34	-305	196	-30	131	-105	226	-240	-236	-28	191	-209	138	177	-170	120	600	-188	162	-228	73	-44	150	61	-136	187	-33	47	117	-155	282	187	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	315	-473	-196	-196	-341	-266	-127	-137	-70	73	239	728	1,134	-856	-1,144	15	-34	305	-196	30	-131	105	-226	240	236	28	-191	209	-392	177	-170	120	-92	-188	162	-228	73	-44	150	61	-136	187	-33	47	117	-155	469	187	862	735	379	90	713	217	0	238	1,544	1,616	832	810	1,326	1,682	694	467	0	0	0	0	0	0	63	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	9,511	6,977	3,733	11,376	8,898	7,444	5,102	19,338	11,798	9,626	4,191	8,337	5,043	0	34	14,483	13,692	5,662	4,163	15,371	13,891	8,795	1,574	12,833	1,031	6,676	4,933	6,302	4,146	6,113	4,454	5,413	3,932	3,801	2,013	3,016	2,389	0	0	3,641	1,726	5,932	442	13,710	11,745	8,267	11,208	5,164	917	0	0	11,815	3,341	0	1,494	5,527	4,175	3,680	2,064	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	3,607	-4,648	-376	2,029	-258	-1,275	0	0	545	-1,290	755	-216	-73	-76	43	72	-27	-14	67	15	67	51	33	-101	8	-31	-3,314	1,683	1,557	65	-3,263	2,977	142	281	-3,780	971	1,231	1,260	132	290	-96	-63	-391	699	-1,654	-963	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,339	6,651	3,230	1,027	0	0	0	0	771	828	590	629	548	498	91	129	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	707	1,332	1,593	3,772	5,503	9,628	6,070	2,895	-2,048	1,595	4,239	988	318	460	236	-420	-1,059	27	-167	-652	295	-125	59	-581	269	-270	-10,091	1,647	5,107	2,692	-4,048	5,389	-1,209	-296	2,825	6,180	-2,088	2,353	-16,439	-621	6,016	948	1,913	3,394	2,474	3,923	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	0	792	2,612	-1,383	-555	-809	89	2,715	-2,876	551	-1,534	2,089	459	-1,671	982	1,175	82	-765	178	-558	-1,022	264	1,202	681	36	667	0	0	0	200	0	0	0	-762	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	277	491	494	481	509	532	551	546	605	563	539	576	664	621	696	544	561	549	461	437	435	447	437	409	413	407	401	382	419	404	374	346	337	344	304	304	292	281	273	247	258	365	415	434	990	-85	452	466	517	459	428	425	482	537	550	506	558	881	311	643	229	1,153	581	10	2,789	-390	-219	-120	-88	-172	237	43	156	221	464	414	79	366	355	451	506	201	1,701	1,393	680	1,023	425	423	328	437	450	420	592	169	439	366	600	200	300	400	800	900	300	600	200	100	100	100	0	100	0	0	-200	-400	0	0	0	200
Dividends Paid	-349	348	348	261	259	262	262	266	266	266	266	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	225	225	225	225	360	360	5,244	0	0	0	0	0	0	0	0	0	0	0	0	325	325	325	325	325	325	325	325	188	2,749	915	917	917	911	927	940	946	939	946	922	929	919	920	843	842	841	847	771	787	769	781	682	670	676	681	678	528	533	19,248	18,265	365	527	431	390	396	300	400	300	400	300	300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	11,151	46,676	13,234	10,120	36,259	18,645	94,954	29,176	94,143	149,436	100,406	115,391	86,269	76,027	65,810	35,744	44,399	62,507	16,357	15,121	20,709	48,076	31,710	26,576	37,564	30,600	31,892	12,489	27,561	34,594	18,880	13,766	39,782	10,359	39,557	22,936	46,634	57,177	81,202	100,016	120,686	57,652	29,933	72,995	83,660	76,400	65,618	45,977	67,840	38,311	26,724	39,976	20,981	10,917	24,704	34,301	16,418	20,469	16,158	12,541	15,729	17,220	14,475	27,536	23,718	51,916	35,592	85,633	43,776	71,239	62,608	55,132	47,269	27,463	24,517	39,340	34,298	43,103	41,639	33,502	30,497	17,855	20,593	32,795	27,729	48,021	37,845	64,425	23,020	21,324	32,049	14,737	14,417	13,959	11,439	8,254	9,100	6,500	10,500	4,900	-10,700	-15,200	-4,300	47,400	10,300	-800	9,600	8,100	-1,400	-2,200	18,800	1,300	7,000	-3,300	16,700	19,500	14,100	800
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	4,916	1,890	5,700	-1,296	4,741	8,516	6,786	10,926	-74	7,045	6,418	2,605	8,708	987	4,647	1,866	6,576	2,863	667	2,863	4,819	2,853	3,756	3,884	4,818	3,340	3,539	4,335	7,718	4,787	7,082	4,319	1,005	8,860	-285	437	70	8,866	2,483	5,078	1,653	7,153	7,894	1,867	3,596	4,635	1,682	6,629	5,114	-841	6,201	6,780	3,655	11,657	4,847	5,104	-559	6,128	2,722	6,017	4,459	6,727	3,237	230	7,427	14,603	888	14,869	12,097	5,138	1,015	84	9,907	7,434	1,612	4,910	4,957	1,605	3,673	2,931	13,999	-834	4,148	5,699	4,399	850	14,705	44,688	-644	-17,434	-108	-34,142	-16	2,283	-1,742	4,062	3,100	-24,500	14,100	25,700	15,300	13,400	8,500	7,500	-23,400	7,300	2,200	1,800	500	1,800	1,200	2,100	700	1,800	800	1,500	1,200	-14,900
Investments	14,579	-15,198	-44,015	-10,562	-37,694	-64,585	-10,160	-57,510	-53,040	-10,929	-31,915	-41,705	-11,643	-30,536	-51,936	-17,124	-39,955	5,053	4,401	-13,278	-3,869	4,211	-2,245	-14,208	-4,786	6,655	-26,607	-18,438	-12,573	-18,788	-1,347	-24,499	9,694	-6,645	19,046	-11,144	3,975	-15,077	-10,453	5,161	-8,040	24,507	13,792	13,677	-7,330	32,555	52,131	52,092	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	22,400	2,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	748	-7,000	-7,000	-7,000	502	-2,000	0	0	0	-1,000	0	0	10,000	9,000	0	0	0	0	0	-70,000	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
Net Income	1,452	1,498	1,421	1,634	2,438	1,831	2,289	1,487	1,999	3,619	4,528	3,418	3,125	3,101	2,691	1,385	1,236	2,076	2,861	1,620	2,352	2,712	1,727	1,445	387	1,780	1,021	1,216	1,684	1,414	1,478	1,774	1,090	820	585	461	1,679	1,538	2,530	1,632	18,096	6,034	1,799	741	1,485	637	395	2,804	-7,626	-2,055	-2,291	417	-9,932	-9,367	-7,832	-1,847	149	881	-9,204	-2,622	-2,538	-7,052	-2,025	1,488	2,775	2,781	2,450	3,268	2,670	74	2,943	2,740	3,477	2,276	2,499	2,815	2,122	2,550	2,497	2,120	2,145	3,040	2,030	1,390	1,138	892	1,268	1,968	572	2,023	1,272	1,591	1,589	1,703	1,880	1,530	1,600	1,500	1,700	1,600	2,100	-400	700	1,700	1,300	1,500	1,300	1,500	1,300	-100	1,500	1,600	1,400	1,400	1,400	1,400	1,300	1,300
Other Cashflows From Financing Activities	23,997	46,964	100,092	12,489	169,059	-30,107	88,627	-29,510	34,295	53,850	6,208	61,247	8,324	34,300	73,941	4,296	13,752	37,535	21,768	4,384	-28,752	12,814	3,114	5,752	112,179	14,046	107,536	14,516	19,703	29,088	17,981	-7,141	51,369	3,339	25,696	441	-8,662	-17,531	-15,013	-31,045	67,290	-3,317	-66,455	-26,781	8,809	-28,059	-34,883	-46,559	-20,831	39,998	-41,726	5,391	44,983	-26,733	-44,403	-674	19,107	120,539	363,992	510,988	300,139	169,030	121,551	57,146	-4,819	12,058	140,795	170,258	16,419	-7,911	19,093	-3,165	38,022	-5,004	-7,769	67,312	51,609	57,396	30,614	37,916	57,962	21,563	31,418	15,236	19,832	23,192	-18,678	-7,854	-739	277,127	82,357	76,742	2,636	65,041	70,148	46,685	63,900	32,900	25,800	-13,200	-10,400	-14,900	-4,300	38,000	10,300	-800	9,600	-2,500	-1,400	-2,200	18,800	-3,000	7,000	-3,300	16,700	7,400	14,100	1,700
Other Cashflows From Investing Activities	0	0	9,585	9,011	9,667	10,814	12,493	12,136	-191	-191	11,180	7,498	5,945	5,466	3,414	2,667	1,520	699	400	443	436	952	509	384	953	267	35	15	119	627	6,398	1,305	355	387	164	221	434	77	4,169	136	2,131	1,376	1,707	572	2,185	1,651	711	-34,025	5,440	3,378	2,463	1,055	14,532	13,792	13,616	5,431	10,749	7,281	266	122	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	423	422	680	422	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-168	35	611	1,280	1,659	3,744	4,764	9,572	6,629	5,828	1,437	3,513	6,388	2,251	2,445	117	7,112	1,252	-1,583	1,106	2,497	2,239	3,003	3,591	2,269	1,234	2,164	4,944	7,304	1,759	5,116	3,598	2,684	5,710	-838	-153	757	6,876	1,369	4,486	1,032	4,784	6,753	1,468	12,769	283	-301	-136	115	-93	5,005	5,847	13,176	11,840	5,760	7,569	-333	1,000	15,522	6,140	4,656	21,351	3,285	3,025	-4,639	599	1,104	-147	1,041	5,532	3,189	-2,127	8,702	4,101	-928	1,828	2,477	1,242	1,392	2,754	10,398	-3,170	115	4,637	3,479	-806	15,909	44,419	-3,231	-17,776	257	-36,326	-2,268	700	-2,009	897	-1,000	-25,000	14,300	22,500	12,200	13,700	10,600	5,500	-5,300	5,000	2,100	600	-600	1,800	-300	-400	100	200	100	0	0	-16,400
Sale Purchase Of Stock	-629	0	0	-64	0	-685	-706	-743	-723	-1,130	-2,213	-523	-1,090	0	0	-360	0	0	0	0	-6,453	-4,464	-1,989	0	0	0	0	0	0	0	0	0	0	0	0	-10,000	-6,000	0	-10,000	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
Stock Based Compensation	156	156	152	161	167	167	172	185	178	175	165	158	135	129	165	147	155	154	158	144	136	139	137	139	135	133	129	131	138	134	128	130	122	121	323	131	129	128	115	116	156	75	45	-17	266	2	2	2	7	8	6	8	16	16	15	16	7	7	6	7	0	0	0	8	0	0	0	0	0	0	0	0	-591	0	0	0	170	0	0	-412	0	0	0	-708	-3,079	0	0	-19	3,098	-479	-1,670	-278	799	-809	-35	69	1,600	-1,500	-100	-100	0	0	-700	-900	-300	0	-100	-300	0	0	0	0	-300	-100	0	0	0	0
Total Cash From Financing Activities	-56,976	46,616	31,844	-23,292	40,900	-31,054	56,659	-30,519	33,572	52,720	3,995	60,724	7,232	34,300	73,941	3,936	13,751	37,535	-4,232	4,384	-28,753	8,350	3,114	-1,048	5,979	-11,554	42,436	-984	-2,297	29,088	-7,019	-7,141	26,369	3,339	-2,304	-13,212	-15,022	-17,891	-15,013	-31,045	67,290	-5,317	-66,455	-26,781	8,809	-28,059	-34,883	-46,559	-20,833	14,998	-71,726	-2,109	-15,342	-59,058	-44,728	-5,999	3,782	-18,286	-49,833	-31,200	17,539	58,715	-21,866	-10,571	-36,630	10,131	7,855	134,812	-18,020	-18,857	18,171	-5,094	6,103	-5,923	-8,613	27,469	2,268	38,649	13,343	32,129	57,194	20,782	30,737	14,566	13,156	22,511	-19,355	-8,381	-1,272	-13,105	-1,593	9,877	-8,890	2,809	9,658	3,889	10,800	5,800	-600	-16,100	-10,700	-15,200	-4,300	38,000	10,300	-800	9,600	-2,500	-1,400	-2,200	18,800	-3,000	7,000	-3,300	16,700	7,400	14,100	800
Total Cash From Operating Activities	5,087	2,024	5,795	-1,005	4,777	8,620	6,816	11,098	7,795	7,239	6,598	2,671	8,773	1,353	4,748	2,068	7,060	4,081	1,008	3,052	4,983	4,440	4,124	4,262	5,057	3,614	3,899	4,473	8,056	5,047	7,782	4,628	1,238	9,072	-26	536	379	8,990	2,692	5,283	1,768	7,235	8,003	1,986	3,670	4,681	1,832	6,654	5,132	-773	6,201	6,780	3,725	11,815	4,877	5,138	-535	6,395	3,261	6,327	5,506	7,999	3,854	1,066	7,843	16,177	1,212	15,107	12,279	5,281	1,229	916	10,100	7,724	1,883	5,364	5,558	2,102	4,138	3,589	14,255	-457	4,172	6,088	5,000	1,655	16,313	45,957	51	-16,565	299	-33,674	472	2,629	-1,103	4,415	3,300	-24,400	14,500	25,900	16,300	14,200	9,000	8,300	-5,700	7,600	2,400	2,300	600	1,900	1,200	2,100	800	1,800	1,100	1,600	1,300	-14,800
Total Cashflows From Investing Activities	0	0	-34,525	-1,842	-28,063	-53,875	2,303	-45,546	-96,660	-10,929	-25,578	-34,273	-5,763	-25,436	-48,623	-14,659	-38,919	4,534	4,460	-13,024	-3,597	3,576	-2,104	-14,202	-4,072	6,648	-26,932	-18,561	-12,792	-18,421	4,351	-23,503	1,816	-41,609	18,951	-11,022	4,100	-15,124	-6,493	5,092	-6,024	25,801	15,390	14,130	-5,219	34,160	52,692	18,042	109,189	63,959	66,597	14,324	104,135	82,454	48,998	18,744	80,778	88,076	71,874	21,685	0	0	18,274	13,323	0	0	0	0	603	22,325	118	12,042	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Cost Of Revenue	0	0	0	0	0	0	1,274	948	1,343	0	0	9,683	28,413	50,640	50,567	59,492	42,721	37,719	27,185	23,749	22,899	23,671	31,594	33,181	0	0	0	0	0	0
Depreciation And Amortization	-8,553	2,138	2,283	2,525	2,008	1,728	1,603	1,543	1,289	1,093	1,472	1,823	1,829	2,075	2,393	1,973	2,060	20	1,255	1,251	3,802	2,551	1,635	1,566	1,500	2,600	500	0	-400	-200
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
Ebit	8,553	13,270	18,929	14,370	11,117	13,357	10,603	12,065	6,074	13,492	15,553	12,592	-420	-5,396	7,465	17,685	57,397	42,494	42,315	34,670	32,932	28,660	38,536	43,502	39,300	38,000	34,600	31,000	31,600	25,900
Ebitda	8,553	15,408	21,212	16,895	13,125	15,085	12,206	13,608	7,363	14,585	17,025	14,415	1,409	-3,321	9,858	19,658	59,457	42,514	43,571	35,921	36,734	31,211	40,171	45,068	40,800	40,600	35,100	31,000	31,200	25,700
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
Extraordinary Items	0	0	0	0	0	0	-1,100	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	43,477	41,143	44,471	44,062	37,006	35,862	33,609	34,553	27,092	27,880	27,836	31,934	35,275	38,282	41,985	40,670	46,294	45,127	42,279	36,591	34,903	27,447	24,607	23,239	22,500	19,500	18,100	17,600	16,800	14,800
Income Before Tax	8,553	11,271	18,929	14,370	11,117	11,124	8,806	10,472	4,567	12,281	12,264	5,453	-11,555	-22,655	-16,403	-15,111	18,574	13,653	17,804	13,677	12,643	7,365	8,092	10,500	10,400	6,100	8,900	6,800	9,000	7,800
Income Tax Expense	2,548	3,226	5,365	4,068	3,324	2,888	4,402	4,122	1,611	4,902	-14,406	132	0	6,323	-5,607	-4,984	7,300	5,226	6,736	4,387	4,038	2,099	2,634	3,798	4,000	2,000	3,300	2,500	3,400	3,100
Interest Expense	12,720	1,999	1,553	2,851	3,339	2,233	1,797	1,593	1,507	1,211	3,289	7,139	11,135	17,259	23,868	32,796	38,823	28,841	24,511	20,993	20,289	21,295	30,444	33,001	28,900	31,900	25,700	24,200	22,600	18,100
Interest Income	43,477	34,255	31,761	31,959	31,890	30,381	27,680	27,349	21,453	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
Net Income	6,005	8,045	13,564	10,302	7,793	8,236	4,404	6,350	2,956	7,379	26,670	5,321	-11,555	-28,978	-10,796	-10,127	11,274	8,428	11,068	9,290	8,605	5,266	5,458	6,702	6,400	4,100	5,600	4,300	5,600	4,700
Net Income Applicable To Common Shares	0	8,045	13,564	10,302	7,793	8,236	4,404	6,350	2,848	5,669	24,602	3,460	-13,376	0	0	0	11,274	8,428	11,068	9,290	8,605	5,266	5,458	6,702	0	0	0	0	0	0
Net Income From Continuing Ops	6,005	8,045	13,564	10,302	7,793	8,236	4,404	6,350	2,956	7,379	26,670	5,321	-11,555	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	30,757	32,256	30,208	29,108	28,551	28,148	25,883	25,756	19,946	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	-6,998	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	8,553	13,270	18,929	14,370	11,117	13,357	10,603	12,065	6,074	13,492	15,553	12,592	-420	-5,396	7,465	17,685	57,397	42,494	42,315	34,670	32,932	28,660	38,536	43,502	39,300	38,000	34,600	31,000	31,600	25,900
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
Other Operating Expenses	34,924	-27,873	-25,542	-29,692	25,889	22,505	23,006	22,488	21,018	14,388	12,283	19,342	35,695	43,678	34,520	22,985	11,103	2,634	36	1,920	1,971	1,213	13,929	20,263	16,800	18,500	16,500	13,400	14,800	11,100
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	108	1,710	2,068	-1,861	1,821	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	1,952	2,138	2,283	2,525	2,008	1,728	1,603	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	21,739	0	0	0	0	0	0	0	0	0	0	0	0	0	0	422	542	475	384	430	393	522	426	303	300	400	300	300	300	300
Selling General Administrative	3,238	17,211	16,114	15,646	15,659	14,728	15,007	14,764	14,108	13,767	13,548	13,707	16,029	16,489	16,587	13,859	12,491	11,869	11,140	10,187	8,676	8,013	7,914	6,391	6,100	6,800	5,600	4,600	4,200	3,500
Tax Provision	2,548	3,226	5,365	4,068	3,324	2,888	4,402	4,122	1,611	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	-34,924	-27,873	-25,542	-29,692	-25,889	-22,505	-23,006	-22,488	-21,018	-14,388	-12,283	-19,342	-35,695	-43,678	-34,520	-22,985	11,103	-2,634	36	-1,920	-1,971	1,213	13,929	20,263	16,800	18,500	16,500	13,400	14,800	11,100
Total Other Income Expense Net	8,553	-1,999	18,929	14,370	11,117	-2,233	-1,797	-1,593	-1,507	-1,211	-3,289	-7,139	-11,135	-17,259	-23,868	-32,796	-38,823	-28,841	-24,511	-20,993	-20,289	-21,295	-30,444	-33,001	-28,900	-31,900	-25,700	-24,200	-22,600	-18,100
Total Revenue	43,477	41,143	44,471	44,062	37,006	35,862	33,609	34,553	27,092	27,880	27,836	31,934	35,275	38,282	41,985	40,670	46,294	45,127	42,279	36,591	34,903	27,447	24,607	23,239	22,500	19,500	18,100	17,600	16,800	14,800

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30
Cost Of Revenue	0	0	-795	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	483	0	821	345	494	-730	730	138	46	484	776	0	468	341	208	326	0	0	0	0	0	-595	595	1,392	-75	3,243	2,993	1,934	9,941	6,748	6,509	5,215	14,089	16,135	8,940	11,476	8,705	9,116	19,606	13,140	16,021	23,596	9,208	10,667	11,584	11,386	10,801	8,950	8,870	13,499	8,242	7,108	6,846	7,244	6,934	6,161	6,142	6,162	5,507	5,938	5,876	5,610	5,598	5,815	5,778	5,944	5,539	6,410	7,036	7,788	8,228	8,542	8,778	8,613	8,040	7,750	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Depreciation And Amortization	-1,870	491	494	481	509	532	551	546	605	563	539	576	664	621	696	544	561	549	461	437	435	447	437	409	413	407	401	382	419	404	374	346	337	344	304	304	292	281	273	247	258	365	415	434	990	-85	452	466	517	459	428	425	482	537	550	109	558	881	311	643	229	1,153	581	10	2,789	-390	-219	-120	-88	-172	237	43	156	221	464	414	79	366	355	451	506	201	1,701	1,393	680	1,023	425	423	328	437	450	420	592	169	439	366	600	200	300	400	800	900	300	600	200	100	100	100	0	100	0	0	-200	-400	0	0	0	200	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Ebit	3,740	1,897	4,264	3,675	4,422	2,932	3,524	2,392	3,062	5,432	6,747	5,241	4,882	4,979	4,506	2,854	2,797	3,898	4,812	2,950	3,606	4,344	2,902	2,505	2,458	3,486	2,197	2,464	3,077	2,820	2,847	3,321	1,999	1,708	1,320	1,047	3,119	2,889	4,456	3,028	3,830	6,596	2,969	2,158	3,130	2,296	2,300	4,866	-5,294	433	679	3,762	-5,903	-5,081	3,660	2,325	5,317	6,791	-6,833	2,189	3,134	-4,024	7,079	11,497	14,660	15,053	13,743	13,942	12,001	7,445	12,034	11,014	12,242	10,458	9,919	9,697	8,768	9,090	8,663	8,150	8,185	9,727	8,056	6,964	6,802	6,377	6,982	8,498	7,486	10,082	9,988	10,980	10,894	11,348	11,062	10,198	10,000	9,600	10,000	9,800	10,600	7,500	9,500	10,500	8,900	8,900	8,300	8,400	2,000	6,000	2,400	0	8,200	8,100	0	0	0	6,700	-
Ebitda	1,870	2,388	4,758	4,156	4,931	3,464	4,075	2,938	3,667	5,995	7,286	5,817	5,546	5,600	5,202	3,398	3,358	4,447	5,273	3,387	4,041	4,791	3,339	2,914	2,871	3,893	2,598	2,846	3,496	3,224	3,221	3,667	2,336	2,052	1,624	1,351	3,411	3,170	4,729	3,275	4,088	6,961	3,384	2,592	4,120	2,211	2,752	5,332	-4,777	892	1,107	4,187	-5,421	-4,544	4,210	2,434	5,875	7,672	-6,522	2,832	3,363	-2,871	7,660	11,507	17,449	14,663	13,524	13,822	11,913	7,273	12,271	11,057	12,398	10,679	10,383	10,111	8,847	9,456	9,018	8,601	8,691	9,928	9,757	8,357	7,482	7,400	7,407	8,922	7,814	10,519	10,438	11,400	11,486	11,517	11,501	10,564	10,600	9,800	10,300	10,200	11,400	8,400	9,800	11,100	9,100	9,000	8,400	8,500	8,100	6,100	8,300	8,500	8,000	7,700	7,900	7,300	7,000	6,900	6,000
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	11,540	11,527	9,702	9,991	10,860	10,345	10,281	9,657	10,262	11,092	12,426	10,691	12,218	11,689	10,732	9,423	9,463	9,319	9,491	8,733	9,095	9,319	8,984	8,464	8,291	8,736	8,445	8,140	8,649	8,708	8,941	8,255	7,580	6,767	6,481	6,266	6,505	7,106	7,556	6,713	6,617	7,430	6,965	6,824	7,643	8,008	7,841	8,367	8,853	8,603	8,588	9,231	9,311	9,666	9,770	9,535	10,124	10,473	10,682	9,426	10,016	10,521	9,931	10,202	11,834	11,462	11,147	11,852	11,299	11,438	11,516	10,875	11,193	10,667	10,321	10,098	9,412	9,358	9,047	8,774	8,655	9,537	8,619	8,092	6,796	6,463	6,474	7,714	5,296	6,508	6,403	6,566	5,793	5,821	6,061	5,568	5,600	5,400	5,800	5,600	6,100	2,700	4,800	6,000	4,500	4,800	4,300	4,600	4,300	4,200	4,500	4,600	4,300	4,200	4,200	4,100	4,000	4,000	3,300
Income Before Tax	1,870	2,388	1,989	2,306	3,338	2,592	3,232	2,109	2,732	5,072	6,337	4,788	4,324	4,323	3,761	1,962	1,883	2,992	3,983	2,260	2,956	3,757	2,376	2,035	2,023	2,993	1,736	2,057	2,657	2,416	2,452	2,947	1,606	1,311	929	721	2,845	2,592	4,150	2,694	3,452	6,192	1,854	766	1,617	637	395	2,804	-7,626	-2,055	-2,367	493	-9,450	-9,270	-920	-3,015	57	1,056	-13,135	-4,382	-4,671	-11,830	-999	2,390	4,570	4,588	3,970	5,447	4,488	-28	4,772	4,421	5,575	4,165	3,892	4,171	3,340	3,703	3,603	3,031	3,019	4,662	2,948	2,014	1,600	1,204	1,753	2,808	850	2,594	2,059	2,589	2,161	2,780	3,067	2,493	2,600	2,400	2,800	2,600	2,900	-700	1,300	2,700	2,000	2,400	2,000	2,400	2,000	-200	2,400	2,600	2,300	2,200	2,200	2,200	2,200	2,200	1,600
Income Tax Expense	418	890	568	672	900	761	943	622	733	1,453	1,809	1,370	1,199	1,222	1,070	577	647	916	1,121	640	604	1,045	649	590	1,636	1,213	712	841	973	1,002	974	1,173	516	491	344	260	1,167	1,054	1,620	1,062	-14,644	158	55	25	132	0	0	0	0	0	-76	76	482	97	6,912	-1,168	-92	175	-3,931	-1,760	-2,133	-4,779	1,026	902	1,795	1,806	1,520	2,179	1,818	-102	1,829	1,680	2,098	1,889	1,393	1,356	1,218	1,153	1,106	911	874	1,621	918	624	462	312	485	840	278	571	787	998	572	1,077	1,187	963	1,000	900	1,100	1,000	800	-300	500	1,000	700	900	700	900	700	-100	900	1,000	900	800	800	800	900	800	600
Interest Expense	4,377	3,724	2,769	1,850	1,084	340	292	283	330	360	410	453	558	656	745	892	914	906	829	690	650	587	526	470	435	493	461	407	420	404	395	374	393	397	391	326	274	297	306	334	378	404	1,115	1,392	1,513	1,659	1,905	2,062	2,332	2,488	3,046	3,269	3,547	4,189	4,580	4,943	5,260	5,735	6,302	6,571	7,805	7,806	8,078	9,107	10,090	10,465	9,773	8,495	7,513	7,473	7,261	6,594	6,667	6,293	6,026	5,525	5,428	5,387	5,060	5,119	5,166	5,065	5,108	4,950	5,203	5,173	5,229	5,690	6,636	7,488	7,928	8,392	8,733	8,568	7,995	7,705	7,400	7,200	7,200	7,200	7,700	8,200	8,200	7,800	6,900	6,500	6,300	6,000	6,100	6,200	5,900	5,900	5,900	5,900	5,700	5,100	4,800	4,500	4,400
Interest Income	11,540	11,527	10,497	9,913	10,002	8,631	8,057	7,565	7,377	8,401	8,094	7,889	8,283	7,949	7,883	7,844	7,861	7,998	8,299	7,732	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-41	41	0	-105	105	28	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	1,452	1,498	1,421	1,634	2,438	1,831	2,289	1,487	1,999	3,619	4,528	3,418	3,125	3,101	2,691	1,385	1,236	2,076	2,862	1,620	2,352	2,712	1,727	1,445	387	1,780	1,024	1,216	1,684	1,414	1,478	1,774	1,090	820	585	461	1,678	1,538	2,530	1,632	18,096	6,034	1,799	741	1,485	637	395	2,804	-7,626	-2,055	-2,291	417	-9,932	-9,367	-7,832	-1,847	149	881	-9,204	-2,622	-2,538	-7,051	-2,025	1,488	2,775	2,782	2,450	3,268	2,670	74	2,943	2,740	3,477	2,276	2,499	2,815	2,122	2,550	2,497	2,120	2,145	3,040	2,030	1,390	1,138	892	1,268	1,968	572	2,023	1,272	1,591	1,589	1,703	1,880	1,530	1,600	1,500	1,700	1,600	2,100	-400	800	1,700	1,300	1,500	1,300	1,500	1,300	-100	1,500	1,600	1,400	1,400	1,400	1,400	1,300	1,400	1,000
Net Income Applicable To Common Shares	0	1,498	1,421	1,634	2,438	1,831	2,289	1,487	1,999	3,619	4,528	3,418	3,125	3,101	2,691	1,385	1,235	2,076	2,862	1,620	2,352	2,712	1,727	1,445	1,408	1,780	1,024	1,216	1,684	1,414	1,478	1,774	1,090	820	585	353	1,385	1,178	2,006	1,100	17,574	5,511	1,252	265	1,016	170	-69	2,343	0	-2,511	-2,748	0	0	0	0	0	-443	443	0	0	0	0	-1,488	1,488	2,775	2,781	2,450	3,268	2,671	73	2,944	2,740	3,477	2,276	2,500	2,815	2,122	2,550	2,498	2,120	2,145	3,040	2,030	1,390	1,138	892	1,268	1,968	572	2,023	1,272	1,591	1,589	1,703	1,880	1,530	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income From Continuing Ops	1,452	1,498	1,421	1,634	2,438	1,831	2,289	1,487	1,999	3,619	4,528	3,418	3,125	3,101	2,691	1,385	1,235	2,076	2,862	1,620	2,352	2,712	1,727	1,445	1,408	1,780	-3,840	1,216	1,684	1,414	1,478	1,774	1,090	820	585	461	1,679	1,538	2,530	1,632	18,096	6,034	1,799	741	1,485	637	395	2,804	0	-2,055	-2,291	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	7,163	7,803	7,728	8,063	8,918	8,291	7,765	7,282	7,047	8,041	7,684	7,436	7,725	7,293	7,138	6,952	6,947	7,092	7,470	7,042	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-6,998	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Operating Income	1,870	2,388	4,758	3,675	4,422	2,932	3,524	2,392	3,062	5,432	6,747	5,241	4,882	4,979	4,506	2,854	2,797	3,898	4,812	2,950	3,606	4,344	2,902	2,505	2,458	3,486	2,197	2,464	3,077	2,820	2,847	3,321	1,999	1,708	1,320	1,047	3,119	2,889	4,456	3,028	3,830	6,596	2,969	2,158	-35,737	2,296	2,300	4,866	-5,294	433	679	3,762	-41,650	-5,081	3,660	2,325	-41,917	6,791	-6,833	2,189	-40,371	-4,024	7,079	11,497	-44,655	15,053	13,743	13,942	-43,258	7,445	12,034	11,014	-39,717	10,458	9,919	9,697	8,768	9,090	8,663	8,150	8,185	9,727	8,056	6,964	6,802	6,377	6,982	8,498	-25,650	10,082	9,988	10,980	-22,343	11,348	11,062	10,198	10,000	9,600	10,000	9,800	10,600	7,500	9,500	10,500	8,900	8,900	8,300	8,400	8,100	6,000	8,300	8,500	8,200	8,100	7,900	7,300	7,000	6,700	6,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Operating Expenses	-9,670	-9,139	-795	-6,316	12,805	7,413	6,757	7,265	12,964	5,660	5,679	5,450	12,725	6,710	6,226	6,569	12,421	5,421	4,679	5,783	12,015	4,975	6,082	5,959	12,160	5,250	6,248	5,676	11,869	5,888	6,094	4,934	11,309	5,059	5,161	5,219	11,007	4,217	3,100	3,685	10,836	834	3,996	4,666	11,446	5,712	5,541	3,468	11,980	8,170	7,909	5,469	12,679	14,747	6,110	7,210	11,336	101	75	135	9,717	95	92	124	10,194	123	195	2,090	9,429	3,993	518	139	8,631	209	402	401	7,832	269	384	624	6,670	92,161	100,988	84,864	6,425	129,254	146,537	784	6,174	94,914	3,585	4,415	4,892	5,527	5,001	4,629	4,400	4,200	4,200	4,200	4,500	4,800	4,700	4,500	4,400	4,100	4,000	3,800	3,800	1,800	3,800	3,900	3,900	3,900	3,700	3,200	3,000	2,700	2,700
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	108	294	360	524	532	522	523	547	476	-3,253	467	464	461	0	456	457	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	486	491	494	481	509	532	551	546	605	563	539	576	664	621	696	544	561	549	461	437	435	447	437	409	413	407	401	382	419	404	374	346	337	344	304	304	292	281	273	247	258	365	415	434	990	-85	452	466	517	459	428	425	482	537	550	506	558	881	311	643	229	1,153	581	10	2,789	-390	-219	-120	-88	-172	237	43	156	221	464	414	79	366	355	451	506	201	1,701	1,393	680	1,023	425	423	328	437	450	420	592	169	439	366	600	200	300	400	800	900	300	600	200	100	100	100	0	100	0	0	-200	-400	0	0	0	200	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling And Marketing Expenses	5,263	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	103	0	0	103	311	101	75	135	111	95	92	124	118	123	195	106	129	108	108	131	93	102	106	84	139	116	88	88	115	92	101	85	104	129	147	143	131	95	114	86	78	93	89	44	100	100	100	100	0	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Selling General Administrative	848	4,455	4,459	4,805	4,406	4,355	4,162	4,288	4,249	3,948	4,096	3,821	3,884	3,916	3,799	4,047	4,163	3,849	3,737	3,910	3,652	3,574	3,678	3,824	3,641	3,642	3,780	3,944	3,748	3,723	3,598	3,695	3,554	3,424	3,614	3,518	3,495	3,267	3,370	3,635	3,680	3,181	3,170	3,517	3,192	3,641	3,860	4,020	3,796	3,792	4,224	3,964	3,913	4,106	4,228	3,725	5,386	3,478	3,505	4,042	4,453	3,010	3,036	3,360	2,721	3,147	3,262	3,361	2,786	2,706	3,118	3,259	2,800	2,781	2,785	2,774	2,646	2,430	2,582	2,528	2,283	2,085	2,028	2,280	2,006	1,987	2,069	1,951	2,035	1,924	2,042	1,913	1,725	1,482	1,488	1,696	1,600	1,500	1,500	1,400	1,500	1,600	1,900	1,900	1,500	1,400	1,400	1,300	1,200	1,200	1,100	1,100	1,200	1,100	1,000	1,000	1,000	900	800
Tax Provision	418	890	568	672	900	761	943	622	733	1,453	1,809	1,370	1,199	1,222	1,070	577	647	916	1,121	640	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-9,670	-9,139	-5,739	-6,316	12,805	-7,413	-6,757	-7,265	-12,964	-5,660	-5,679	-5,450	-12,725	-6,710	-6,226	-6,569	-12,421	-5,421	-4,679	-5,783	-12,015	-4,975	-6,082	-5,959	-12,160	-5,250	-6,248	-5,676	-11,869	-5,888	-6,094	-4,934	-11,309	-5,059	-5,161	-5,219	-11,007	-4,217	-3,100	-3,685	-10,836	-834	-3,996	-4,666	11,521	-5,712	-5,541	3,468	-11,980	-8,170	-7,909	-5,469	12,679	-14,747	-6,110	-7,210	11,336	101	75	135	9,717	95	92	124	10,194	123	195	2,090	9,429	-3,993	518	139	8,631	-209	-402	-401	-7,832	-269	-384	-624	-6,670	92,161	100,988	84,864	-6,425	129,254	146,537	784	6,174	94,914	3,585	4,415	4,892	5,527	5,001	4,629	4,400	4,200	4,200	4,200	4,500	4,800	4,700	4,500	4,400	4,100	4,000	3,800	3,800	1,800	3,800	3,900	3,900	3,900	3,700	3,200	3,000	2,700	2,700
Total Other Income Expense Net	1,870	2,388	-2,769	-1,369	-1,084	-340	-292	-283	-330	-360	-410	-453	-558	-656	-745	-892	-914	-906	-829	-690	-650	-587	-526	-470	-435	-493	-461	-407	-420	-404	-395	-374	-393	-397	-391	-326	-274	-297	-306	-334	-378	-404	-1,115	-1,392	31,901	-1,659	-1,905	-2,062	-2,332	-2,488	-3,046	-3,269	54,855	-4,189	-4,580	-5,340	58,378	-5,735	-6,302	-6,571	50,810	-7,806	-8,078	-9,107	30,650	-10,465	-9,773	-8,495	34,093	-7,473	-7,261	-6,594	27,488	-6,293	-6,026	-5,525	-5,428	-5,387	-5,060	-5,119	-5,166	-5,065	-5,108	-4,950	-5,203	-5,173	-5,229	-5,690	18,408	-7,488	-7,928	-8,392	14,003	-8,568	-7,995	-7,705	-7,400	-7,200	-7,200	-7,200	-7,700	-8,200	-8,200	-7,800	-6,900	-6,500	-6,300	-6,000	-6,100	-6,200	-5,900	-5,900	-5,900	-5,900	-5,700	-5,100	-4,800	-4,500	-4,400
Total Revenue	11,540	11,527	9,702	9,991	10,860	10,345	10,281	9,657	10,262	11,092	12,426	10,691	12,218	11,689	10,732	9,423	9,463	9,319	9,491	8,733	9,095	9,319	8,984	8,464	8,291	8,736	8,445	8,140	8,649	8,708	8,941	8,255	7,580	6,767	6,481	6,266	6,505	7,106	7,556	6,713	6,617	7,430	6,965	6,824	7,643	8,008	7,841	8,367	8,853	8,603	8,588	9,231	9,311	9,666	9,770	9,535	10,124	10,473	10,682	9,426	10,016	10,521	9,931	10,202	11,834	11,462	11,147	11,852	11,299	11,438	11,516	10,875	11,193	10,667	10,321	10,098	9,412	9,358	9,047	8,774	8,655	9,537	8,619	8,092	6,796	6,463	6,474	7,714	5,296	6,508	6,403	6,566	5,793	5,821	6,061	5,568	5,600	5,400	5,800	5,600	6,100	2,700	4,800	6,000	4,500	4,800	4,300	4,600	4,300	4,200	4,500	4,600	4,300	4,200	4,200	4,100	4,000	4,000	3,300

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

Gross Profit (+$)
totalRevenue	43,477
Cost of Revenue	-0
Gross Profit	43,477	43,477

Operating Income (+$)
Gross Profit	43,477
Operating Expense	--34,924
Operating Income	8,553	78,401

Operating Expense (+$)
Research Development	0
Selling General Administrative	3,238
Selling And Marketing Expenses	21,739
Operating Expense	-34,924	24,977

Net Interest Income (+$)
Interest Income	43,477
Interest Expense	-12,720
Other Finance Cost	-0
Net Interest Income	30,757

Pretax Income (+$)
Operating Income	8,553
Net Interest Income	30,757
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	8,553	0 EBIT - interestExpense = -4,167 8,553 18,725
Interest Expense	12,720
Earnings Before Interest and Taxes (EBIT)	8,553	21,273
Earnings Before Interest and Taxes (EBITDA)	8,553

After tax Income (+$)
Income Before Tax	8,553
Tax Provision	-2,548
Net Income From Continuing Ops	6,005	6,005
Net Income	6,005
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	34,924
Total Other Income/Expenses Net	8,553	-30,757

Technical Analysis of HMN Financial 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 HMN Financial Inc. The general trend of HMN Financial Inc is BEARISH with 28.6% 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 HMN Financial 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 (-28.6%)		Bearish trend (28.6%)
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 HMN Financial Inc.

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

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

The bullish price targets are: 19.84 < 21.92 < 21.97.

The bearish price targets are: 19.32 > 18.57 > 18.39.

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HMN Financial 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 HMN Financial Inc. The current mas is .

The long score for the Moving Averages is 5/14.
The longshort score for the Moving Averages is -4/(-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 lower than the MA 100. -1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending down: The MA 200 is trending down. -1
Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

HMN Financial 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 HMN Financial Inc. The current macd is -0.26488986.

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 HMN Financial 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 HMN Financial 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 HMN Financial 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

HMN Financial 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 HMN Financial Inc. The current adx is 21.46.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -1/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell HMN Financial Inc shares, leading to potential downward 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.

HMN Financial 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 HMN Financial Inc. The current sar is 20.82.

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

HMN Financial 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 HMN Financial Inc. The current rsi is 40.74. The current phase is Continuation in bear market.

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

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.

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.

HMN Financial 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 HMN Financial Inc. The current phase is Continuation in bear market.

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

HMN Financial 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 HMN Financial Inc. The current cci is -92.47204056.

HMN Financial 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 HMN Financial Inc. The current cmo is -20.74809858.

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

HMN Financial 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 HMN Financial Inc. The current willr is -75.92592593.

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

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

HMN Financial 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 HMN Financial Inc.

HMN Financial 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 HMN Financial Inc. The current atr is 0.4440227.

HMN Financial 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 HMN Financial Inc. The current obv is -29,900.

HMN Financial 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 HMN Financial Inc. The current mfi is 44.72.

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

MFI < 50: -1

HMN Financial Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for HMN Financial 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
2023-11-29	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-11-30	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-01	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-12	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-27	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-29	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-03	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-04	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-05	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-08	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-12	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-16	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-19	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-23	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-01-24	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	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-01-26	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-01-29	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-31	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-05	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-08	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-09	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-12	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-14	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-23	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-02-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-28	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-05	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-18	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-21	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	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.
	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).
2024-03-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-03	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-09	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-10	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-12	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
2024-04-16	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-17	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).

6.3. Candlestick Patterns

HMN Financial Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	40.743
Ma 20	Greater than	Ma 50	20.459
Ma 50	Greater than	Ma 100	20.343
Ma 100	Greater than	Ma 200	21.069
Open	Greater than	Close	19.750
Total			2/5 (40.0%)

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HMN Financial Inc Buy, Hold or Sell?

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Quick analysis of HMN Financial Inc (30 sec.)

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

$19.75

$24.14

$-8.10 - $49.68

$16.03 - $73.82

2. Growth of HMN Financial Inc (5 min.)

Is HMN Financial Inc growing?

How much money is HMN Financial Inc making?

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

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

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

Industry Rankings (Banks - Regional)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of HMN Financial Inc

About HMN Financial Inc

Financial Health

Valuation

1.1. Profitability of HMN Financial Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of HMN Financial Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of HMN Financial Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of HMN Financial Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of HMN Financial Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

HMN Financial Inc
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