Intuitive Surgical Inc
Buy, Hold or Sell?

Let's analyse Intuitive together

Penke I guess you are interested in Intuitive Surgical 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 Intuitive Surgical 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 Intuitive (30 sec.)

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

How much money do you get?

$0.00

When do you have the money?

1 year

How often do you get paid?

0.0%

What is your share worth?

Current worth

$37.40

Expected worth in 1 year

$43.68

How sure are you?

87.5%

+ What do you gain per year?

Total Gains per Share

$6.27

Return On Investment

1.7%

For what price can you sell your share?

Current Price per Share

$366.34

Expected price per share

$321.31 - $378.62

How sure are you?

50%

1. Valuation of Intuitive (5 min.)

Live pricePrice per Share (EOD)

$366.34

Book Value per Share

$37.40

Intrinsic Value Per Share

$-78.61 - $8.06

Total Value Per Share

$-41.21 - $45.47

My calculation of the intrinsic value of Intuitive 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: ($0.69) 3Y: ($0.79) TTM: ($0.52)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.03) 3Y: ($-0.18) TTM: ($-0.35)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.97	$2.83	$-0.08 - $2.71
2	$-0.71	$5.14	$-2.93 - $2.25
3	$-4.74	$6.96	$-5.77 - $1.79
4	$-10.84	$8.32	$-8.62 - $1.34
5	$-18.78	$9.23	$-11.47 - $0.88
6	$-28.31	$9.74	$-14.31 - $0.42
7	$-39.24	$9.85	$-17.16 - $-0.04
8	$-51.38	$9.59	$-20.01 - $-0.49
9	$-64.56	$8.99	$-22.85 - $-0.95
10	$-78.61	$8.06	$-25.70 - $-1.41

2. Growth of Intuitive (5 min.)

Is Intuitive growing?

	Current year	Previous year	Grow	Grow %
How rich?	$13.3b	$11.7b	$587.2m	4.8%

How much money is Intuitive making?

	Current year	Previous year	Grow	Grow %
Making money	$449.5m	$330.5m	$118.9m	26.5%
Net Profit Margin	25.0%	21.3%	-	-

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

Quarterly Yearly

3. Financial Health of Intuitive (5 min.)

4. Comparing to competitors in the Medical Instruments & Supplies industry (5 min.)

Industry Rankings (Medical Instruments & Supplies)

Richest
#5 / 171

Most Revenue
#15 / 171

Most Profit
#5 / 171

Most Efficient
#14 / 171

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

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

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

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

Speculation

The Price per Share of Intuitive is $366.34. 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 Intuitive.
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 Intuitive, 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 $37.40. Based on the TTM, the Book Value Change Per Share is $1.57 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.35 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 $0.00 per quarter.

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

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	1.69	0.5%	1.26	0.3%	0.91	0.2%	1.06	0.3%	0.78	0.2%
Usd Book Value Change Per Share	2.16	0.6%	1.57	0.4%	-0.35	-0.1%	0.93	0.3%	0.69	0.2%
Usd Dividend Per Share	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%	0.00	0.0%
Usd Total Gains Per Share	2.16	0.6%	1.57	0.4%	-0.35	-0.1%	0.93	0.3%	0.69	0.2%
Usd Price Per Share	337.36	-	306.77	-	238.80	-	500.66	-	538.18	-
Price to Earnings Ratio	49.84	-	62.34	-	65.00	-	146.02	-	205.33	-
Price-to-Total Gains Ratio	156.17	-	236.16	-	1,007.02	-	612.94	-	572.94	-
Price to Book Ratio	9.02	-	8.90	-	7.38	-	18.64	-	32.15	-
Price-to-Total Gains Ratio	156.17	-	236.16	-	1,007.02	-	612.94	-	572.94	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	366.34
Number of shares	2

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.00	0.00
Usd Book Value Change Per Share	1.57	0.93
Usd Total Gains Per Share	1.57	0.93
Gains per Quarter (2 shares)	3.14	1.85
Gains per Year (2 shares)	12.55	7.41

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	0	13	3	0	7	-3
2	0	25	16	0	15	4
3	0	38	29	0	22	11
4	0	50	42	0	30	18
5	0	63	55	0	37	25
6	0	75	68	0	44	32
7	0	88	81	0	52	39
8	0	100	94	0	59	46
9	0	113	107	0	67	53
10	0	125	120	0	74	60

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	39.0	1.0	0.0	97.5%	80.0	16.0	0.0	83.3%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	35.0	5.0	0.0	87.5%	79.0	16.0	1.0	82.3%
Dividend per Share	0.0	0.0	4.0	0.0%	0.0	0.0	12.0	0.0%	0.0	0.0	20.0	0.0%	0.0	0.0	40.0	0.0%	2.0	0.0	94.0	2.1%
Total Gains per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	35.0	5.0	0.0	87.5%	80.0	15.0	1.0	83.3%

Fundamentals of Intuitive

About Intuitive Surgical Inc

https://www.intuitive.com
Medical Instruments & Supplies
13676
1020 Kifer Road, Sunnyvale, CA, United States, 94086-5304
Google Maps Bing Maps

Intuitive Surgical, Inc. develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung. It also provides a suite of stapling, energy, and core instrumentation for its multi-port da Vinci surgical systems; progressive learning pathways to support the use of its technology; infrastructure of service and support specialists, a complement of services to its customers, including installation, repair, maintenance, 24/7 technical support, and proactive system health monitoring; and integrated digital capabilities providing connected offerings, streamlining performance for hospitals with program-enhancing insights. The company sells its products through direct sales organizations, such as capital and clinical sales teams. It has a collaboration agreement with FluoGuide A/S for head & neck cancer. The company was incorporated in 1995 and is headquartered in Sunnyvale, California.

Fundamental data was last updated by Penke on 2024-04-11 12:14:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

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

Valuation

Valuation Details

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

1.1. Profitability of Intuitive Surgical Inc.

1.1. Profitability

1.1.1. Net Profit Margin

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

Above 10% is considered healthy but always compare Intuitive to the Medical Instruments & Supplies industry mean.
A Net Profit Margin of 31.4% means that $0.31 for each $1 in revenue is generated as profit.

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

The MRQ is 31.4%. The company is making a huge profit. +2
The TTM is 25.0%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	31.4%	TTM	25.0%	+6.4%
TTM	25.0%	YOY	21.3%	+3.7%
TTM	25.0%	5Y	26.1%	-1.1%
5Y	26.1%	10Y	25.4%	+0.7%

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	31.4%	6.3%	+25.1%
TTM	25.0%	6.5%	+18.5%
YOY	21.3%	8.2%	+13.1%
5Y	26.1%	7.3%	+18.8%
10Y	25.4%	7.6%	+17.8%

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

Revenue is the amount of profit Intuitive 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 Intuitive 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 Intuitive to the Medical Instruments & Supplies industry mean.
Can be used to compare companies within the Medical Instruments & Supplies industry.

You typically want a high profit margin. This means that for each $1 in sales, Intuitive makes more profit. This shows the investor how efficiently Intuitive is operating in general and compared to other companies in the same industry. Intuitive operates in the Medical Instruments & Supplies industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Intuitive. If profit margins remain low (compared to the Medical Instruments & Supplies 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 Intuitive is 0.31. This means that Intuitive earned $0.31 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 Medical Instruments & Supplies industry is 6.3%.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive 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 Intuitive with other companies in the same industry (Medical Instruments & Supplies).
Net profit margin should rise over the years.
Can be influenced when Intuitive sells assets (profit will increase while costs remain the same).
It won’t show what part of Intuitive 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 Intuitive

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 Intuitive = 606,200
Total revenue MRQ Intuitive = 1,928,300
$606,200 / $1,928,300 = 0.31 or 31.4%

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 Intuitive is using its assets to generate profit.

Above 5% is considered healthy but always compare Intuitive to the Medical Instruments & Supplies industry mean.
3.9% Return on Assets means that Intuitive generated $0.04 profit for each $1 in assets.

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

The MRQ is 3.9%. Using its assets, the company is less efficient in making profit.
The TTM is 3.1%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	3.9%	TTM	3.1%	+0.8%
TTM	3.1%	YOY	2.5%	+0.7%
TTM	3.1%	5Y	3.1%	+0.0%
5Y	3.1%	10Y	3.2%	-0.1%

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	3.9%	1.3%	+2.6%
TTM	3.1%	1.4%	+1.7%
YOY	2.5%	2.0%	+0.5%
5Y	3.1%	2.1%	+1.0%
10Y	3.2%	2.0%	+1.2%

Shows how efficient Intuitive 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 Intuitive to the Medical Instruments & Supplies 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 Intuitive is using its resources to generate profit. If the return on assets (3.9%) from Intuitive are higher than the Medical Instruments & Supplies mean (1.3%) that means Intuitive 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 Intuitive is 3.9%. This means the company generated $0.04 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Medical Instruments & Supplies industry is 1.3%.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive 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 Intuitive

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

Income statement
Balance sheet

Net income MRQ (income statement) from Intuitive = 606,200
Total assets MRQ (balance sheet) from Intuitive = 15,441,500
606,200 / 15,441,500 = 0.04 or 3.9%

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

Above 15%-20% is considered healthy but always compare Intuitive to the Medical Instruments & Supplies industry mean.
4.6% Return on Equity means Intuitive generated $0.05 for each $1 the owners (shareholders) invested.

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

The MRQ is 4.6%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.6%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	4.6%	TTM	3.6%	+0.9%
TTM	3.6%	YOY	2.8%	+0.8%
TTM	3.6%	5Y	3.5%	+0.1%
5Y	3.5%	10Y	3.6%	-0.1%

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	4.6%	2.6%	+2.0%
TTM	3.6%	2.9%	+0.7%
YOY	2.8%	3.9%	-1.1%
5Y	3.5%	3.8%	-0.3%
10Y	3.6%	3.9%	-0.3%

Shows how efficient Intuitive 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 Intuitive to the Medical Instruments & Supplies 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 Medical Instruments & Supplies 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 Intuitive is 4.6%. This means Intuitive generated $0.05 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Medical Instruments & Supplies industry is 2.6%.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive up to 10 years back (depending if Intuitive 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 Intuitive

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Intuitive = 606,200
Shareholders equity (balance sheet) MRQ Intuitive = 13,307,600
606,200 / 13,307,600 = 0.05 or 4.6%

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 Intuitive Surgical Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Intuitive is operating .

Measures how much profit Intuitive 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 Intuitive to the Medical Instruments & Supplies industry mean.
An Operating Margin of 23.3% means the company generated $0.23 for each $1 in revenue (before taxes).

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

The MRQ is 23.3%. The company is operating efficient. +1
The TTM is 22.1%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	23.3%	TTM	22.1%	+1.3%
TTM	22.1%	YOY	19.6%	+2.5%
TTM	22.1%	5Y	22.1%	-0.1%
5Y	22.1%	10Y	25.3%	-3.2%

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	23.3%	7.9%	+15.4%
TTM	22.1%	7.5%	+14.6%
YOY	19.6%	11.4%	+8.2%
5Y	22.1%	10.2%	+11.9%
10Y	25.3%	10.7%	+14.6%

Measures how efficient Intuitive 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 Intuitive to the Medical Instruments & Supplies 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 Intuitive 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 Intuitive is 23.3%. This means that Intuitive earned $0.23 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Medical Instruments & Supplies industry is 7.9%.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive 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 Intuitive

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Intuitive = 450,200
Total revenue MRQ Intuitive = 1,928,300
$450,200 / $1,928,300 = 0.23 or 23.3%

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 Intuitive is keeping operating costs low.

Below 1 is considered healthy (always compare to Medical Instruments & Supplies industry mean).
An Operation Ratio of 0.77 means that the operating costs are $0.77 for each $1 in net sales.

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

The MRQ is 0.767. The company is efficient in keeping operating costs low. +1
The TTM is 0.752. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.767	TTM	0.752	+0.015
TTM	0.752	YOY	0.746	+0.006
TTM	0.752	5Y	0.729	+0.023
5Y	0.729	10Y	0.708	+0.020

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	0.767	1.133	-0.366
TTM	0.752	1.124	-0.372
YOY	0.746	1.105	-0.359
5Y	0.729	1.097	-0.368
10Y	0.708	1.056	-0.348

Measures how efficient Intuitive 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 Intuitive to the Medical Instruments & Supplies 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 Intuitive is 76.7%. This means that Intuitive earned $0.77 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 Medical Instruments & Supplies industry is 1.13.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive 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 Intuitive

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
(650,900 +827,200) \ 1,928,300 = 0.77

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 Intuitive Surgical Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Medical Instruments & Supplies industry mean).
A Current Ratio of 4.76 means the company has $4.76 in assets for each $1 in short-term debts.

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

The MRQ is 4.756. The company is very able to pay all its short-term debts. +2
The TTM is 4.881. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	4.756	TTM	4.881	-0.125
TTM	4.881	YOY	5.634	-0.754
TTM	4.881	5Y	5.699	-0.818
5Y	5.699	10Y	5.754	-0.056

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	4.756	2.320	+2.436
TTM	4.881	2.382	+2.499
YOY	5.634	2.575	+3.059
5Y	5.699	2.627	+3.072
10Y	5.754	2.623	+3.131

Measures if Intuitive 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 Medical Instruments & Supplies 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 Intuitive 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 Intuitive is 4.76. This means Intuitive has $4.76 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Medical Instruments & Supplies industry is 2.32.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive 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 Intuitive

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
7,888,000 \ 1,658,700) = 4.76

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

Above 1 is considered healthy but always compare Intuitive to the Medical Instruments & Supplies industry mean.
A Quick Ratio of 5.40 means the company can pay off $5.40 for each $1 in debt (using most liquid assets).

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

The MRQ is 5.404. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 5.675. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	5.404	TTM	5.675	-0.271
TTM	5.675	YOY	6.848	-1.173
TTM	5.675	5Y	6.945	-1.270
5Y	6.945	10Y	6.940	+0.005

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	5.404	1.111	+4.293
TTM	5.675	1.159	+4.516
YOY	6.848	1.286	+5.562
5Y	6.945	1.423	+5.522
10Y	6.940	1.521	+5.419

Measures if Intuitive 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 Intuitive to the Medical Instruments & Supplies 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 Intuitive can pay off its short term debts. This shows if Intuitive 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 Intuitive is 5.40. This means that Intuitive can pay off $5.40 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Medical Instruments & Supplies industry is 1.11.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive 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 Intuitive

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 Intuitive: (5,223,200 + 2,473,100 +1,267,500) / 1,658,700 = 5.40

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 Intuitive Surgical Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Intuitive to Medical Instruments & Supplies industry mean.
A Debt to Asset Ratio of 0.13 means that Intuitive assets are financed with 13.2% credit (debt) and the remaining percentage (100% - 13.2%) is financed by its owners/shareholders.

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

The MRQ is 0.132. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.137. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.132	TTM	0.137	-0.005
TTM	0.137	YOY	0.125	+0.012
TTM	0.137	5Y	0.131	+0.006
5Y	0.131	10Y	0.133	-0.001

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	0.132	0.351	-0.219
TTM	0.137	0.357	-0.220
YOY	0.125	0.357	-0.232
5Y	0.131	0.359	-0.228
10Y	0.133	0.371	-0.238

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Intuitive to Medical Instruments & Supplies 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 Intuitive is 0.13. This means means that Intuitive is financed with 13.2% 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 Medical Instruments & Supplies industry is 232.0%.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive 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 Intuitive has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Intuitive

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,044,200 \ 15,441,500 = 13.2% or 0.13.

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 Intuitive is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Intuitive to the Medical Instruments & Supplies industry mean.
A Debt to Equity ratio of 15.4% means that company has $0.15 debt for each $1 in shareholders equity.

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

The MRQ is 0.154. The company is very able to pay all its debts with equity. +2
The TTM is 0.160. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.154	TTM	0.160	-0.006
TTM	0.160	YOY	0.143	+0.016
TTM	0.160	5Y	0.151	+0.008
5Y	0.151	10Y	0.153	-0.002

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
MRQ	0.154	0.541	-0.387
TTM	0.160	0.559	-0.399
YOY	0.143	0.545	-0.402
5Y	0.151	0.610	-0.459
10Y	0.153	0.669	-0.516

Measures if Intuitive 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 Intuitive 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 Intuitive is 0.15. This means that Intuitive can pay off $0.15 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Medical Instruments & Supplies industry is 0.54.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive 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 Intuitive

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,044,200 \ 13,307,600 = 0.15 or 15.4%

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 Intuitive Surgical 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 Intuitive generates.

Above 15 is considered overpriced but always compare Intuitive to the Medical Instruments & Supplies industry mean.
A PE ratio of 49.84 means the investor is paying $49.84 for every $1 in earnings.

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

The EOD is 54.117. Based on the earnings, the company is expensive. -2
The MRQ is 49.836. Based on the earnings, the company is overpriced. -1
The TTM is 62.345. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	54.117	MRQ	49.836	+4.281
MRQ	49.836	TTM	62.345	-12.509
TTM	62.345	YOY	65.000	-2.655
TTM	62.345	5Y	146.018	-83.674
5Y	146.018	10Y	205.333	-59.315

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
EOD	54.117	15.252	+38.865
MRQ	49.836	17.745	+32.091
TTM	62.345	18.883	+43.462
YOY	65.000	22.890	+42.110
5Y	146.018	21.018	+125.000
10Y	205.333	26.090	+179.243

Measures how much money you pay for each share for every $1 in earnings Intuitive 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 Intuitive to the Medical Instruments & Supplies 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 Intuitive is 49.84. This means the investor is paying $49.84 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Medical Instruments & Supplies industry is 17.75.
What is the trend?
The trend is important because it shows you how Intuitive is performing over time. The most recent quarter might be important if Intuitive 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 Intuitive 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 Intuitive

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 \ 358,200 = EPS
PE ratio MRQ = 49.84

* 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 Intuitive Surgical Inc:

The EOD is -158.329. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -145.804. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 33.678. Based on how much money comes from the company's main activities, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	-158.329	MRQ	-145.804	-12.525
MRQ	-145.804	TTM	33.678	-179.482
TTM	33.678	YOY	107.943	-74.266
TTM	33.678	5Y	147.976	-114.298
5Y	147.976	10Y	205.894	-57.918

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
EOD	-158.329	10.158	-168.487
MRQ	-145.804	10.068	-155.872
TTM	33.678	1.502	+32.176
YOY	107.943	4.281	+103.662
5Y	147.976	7.622	+140.354
10Y	205.894	0.247	+205.647

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Medical Instruments & Supplies industry mean).
A PB ratio of 9.02 means the investor is paying $9.02 for each $1 in book value.

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

The EOD is 9.795. Based on the equity, the company is overpriced. -1
The MRQ is 9.020. Based on the equity, the company is overpriced. -1
The TTM is 8.895. Based on the equity, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	9.795	MRQ	9.020	+0.775
MRQ	9.020	TTM	8.895	+0.124
TTM	8.895	YOY	7.377	+1.519
TTM	8.895	5Y	18.641	-9.746
5Y	18.641	10Y	32.151	-13.510

Compared to industry (Medical Instruments & Supplies)

Period	Company	Industry (mean)	+/-
EOD	9.795	2.434	+7.361
MRQ	9.020	2.782	+6.238
TTM	8.895	2.767	+6.128
YOY	7.377	3.290	+4.087
5Y	18.641	3.530	+15.111
10Y	32.151	4.227	+27.924

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Intuitive Surgical Inc

Institutions are holding 88.218% of the shares of Intuitive Surgical Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	8.5698	0.2239	30375494	507267	1.6983
2023-12-31	BlackRock Inc	8.2505	0.2516	29243893	-791649	-2.6357
2023-12-31	T. Rowe Price Associates, Inc.	4.7886	0.7694	16973266	272741	1.6331
2023-12-31	State Street Corporation	4.2209	0.2455	14960837	316404	2.1606
2023-12-31	FMR Inc	2.1271	0.1954	7539646	-184316	-2.3863
2023-12-31	AllianceBernstein L.P.	2.0594	0.9476	7299592	533367	7.8828
2023-12-31	Capital World Investors	2.0343	0.4327	7210635	-348023	-4.6043
2023-12-31	Geode Capital Management, LLC	1.9576	0.2442	6938605	165537	2.444
2023-12-31	Bank of New York Mellon Corp	1.8922	0.4587	6706824	-209091	-3.0233
2023-12-31	Goldman Sachs Group Inc	1.4788	0.1587	5241682	3009232	134.795
2023-12-31	JPMorgan Chase & Co	1.4701	0.1689	5210598	-1802349	-25.7003
2023-12-31	Morgan Stanley - Brokerage Accounts	1.4522	0.153	5147165	-171707	-3.2283
2023-12-31	Edgewood Management LLC	1.4476	4.9972	5131066	374667	7.8771
2023-12-31	Fisher Asset Management, LLC	1.2662	0.8006	4488048	82652	1.8762
2023-12-31	Jennison Associates LLC	1.2103	1.0785	4289860	-295330	-6.441
2023-12-31	Baillie Gifford & Co Limited.	1.1477	1.0876	4068034	-26001	-0.6351
2023-12-31	NORGES BANK	1.0982	0.2295	3892691	443058	12.8436
2023-12-31	Amvescap Plc.	0.9858	0.2805	3494116	-256374	-6.8357
2023-12-31	Northern Trust Corp	0.9624	0.2083	3411221	-103200	-2.9365
2023-12-31	Nuveen Asset Management, LLC	0.9607	0.3693	3405120	101680	3.078
Total		49.3804	13.3011	175028393	+1618565	+0.9%

3.2. Funds holding Intuitive Surgical Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Performer (AFRIS)	18.0648	0.0753	64030583	64030583	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1171	0.2748	11048542	-24029	-0.217
2024-02-29	Vanguard Institutional 500 Index Trust	2.4801	0.317	8790631	88806	1.0205
2024-03-28	Invesco QQQ Trust	1.8633	1.0152	6604272	7924	0.1201
2024-02-29	AF High Growth (AFRIS)	1.373	0.0747	4866590	4866590	0
2024-03-28	SPDR® S&P 500 ETF Trust	1.2068	0.3177	4277403	25080	0.5898
2024-02-29	Fidelity 500 Index	1.1913	0.316	4222556	42489	1.0165
2024-03-28	iShares Core S&P 500 ETF	1.0305	0.3183	3652481	26880	0.7414
2024-02-29	Vanguard Growth Index Investor	0.9233	0.5677	3272507	28107	0.8663
2024-03-28	Health Care Select Sector SPDR® ETF	0.7496	2.568	2656837	-4284	-0.161
2023-12-31	Edgewood Growth Instl	0.7453	4.8048	2641820	209752	8.6244
2023-12-31	T. Rowe Price US Lrg-Cap Core Gr Eq Comp	0.6815	1.4749	2415475	-191595	-7.3491
2023-12-31	T. Rowe Price Blue Chip Growth	0.6815	1.48	2415475	-191595	-7.3491
2024-02-29	Vanguard Institutional Index I	0.6543	0.3159	2319320	-9228	-0.3963
2023-12-31	American Funds New Perspective A	0.654	0.6173	2318155	0	0
2023-12-31	Capital Group New Perspective Comp	0.654	0.6173	2318155	0	0
2024-02-29	Global Balanced (AFRIS)	0.6299	0.164	2232522	2232522	0
2023-12-31	Capital Group Growth Fnd of Amer Comp	0.6091	0.2925	2159032	0	0
2023-12-31	American Funds Growth Fund of Amer A	0.6091	0.2925	2159032	0	0
2023-12-31	T. Rowe Price Growth Stock	0.5945	1.5139	2107257	342213	19.3884
Total		38.513	17.4178	136508645	+71480215	+52.4%

3.3. Insider Transactions

Insiders are holding 0.531% of the shares of Intuitive Surgical Inc.

Date	Owner	Type	Amount	Price
2024-03-15	Fredrik Widman	SELL	5041	397.07
2024-03-11	Robert Desantis	SELL	329	390.16
2024-03-08	Robert Desantis	SELL	20296	393.8
2024-03-07	Mark Brosius	SELL	196	393.3
2024-03-05	Mark Brosius	SELL	196	400
2024-03-01	Myriam Curet	SELL	1605	383.48
2024-02-28	Marshall Mohr	SELL	108790	385.08
2024-02-16	Mark Brosius	SELL	32	378.29
2024-02-14	Mark Brosius	SELL	30	380.09
2024-02-12	Myriam Curet	SELL	481	386.09
2024-02-12	Mark Brosius	SELL	30	386.09
2024-02-07	David J Rosa	SELL	80710	389.28
2024-02-01	Mark Brosius	SELL	39	378.41
2024-01-29	Gary S Guthart	SELL	24325	376.06
2024-01-26	Alan J Levy	SELL	2000	370.2
2024-01-26	Myriam Curet	SELL	4318	370.15
2023-11-16	Amal M Johnson	SELL	9567	300
2023-11-16	Myriam Curet	SELL	8819	300
2023-11-14	Alan J Levy	SELL	2000	290

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Intuitive Surgical 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	-	-	2.160	1.568	+38%	-0.351	+116%	0.927	+133%	0.688	+214%
Book Value Per Share	-	-	37.402	34.460	+9%	32.397	+15%	28.723	+30%	20.888	+79%
Current Ratio	-	-	4.756	4.881	-3%	5.634	-16%	5.699	-17%	5.754	-17%
Debt To Asset Ratio	-	-	0.132	0.137	-4%	0.125	+6%	0.131	+1%	0.133	0%
Debt To Equity Ratio	-	-	0.154	0.160	-4%	0.143	+7%	0.151	+1%	0.153	+0%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	1.692	1.257	+35%	0.913	+85%	1.060	+60%	0.779	+117%
Free Cash Flow Per Share	-	-	-0.578	0.525	-210%	0.663	-187%	0.797	-173%	0.692	-184%
Free Cash Flow To Equity Per Share	-	-	-0.666	0.323	-307%	-1.122	+68%	0.369	-280%	0.357	-287%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.997	+0%	0.998	+0%
Intrinsic Value_10Y_max	-	-	8.064	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-78.612	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.829	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.967	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	6.959	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-4.739	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	9.233	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-18.776	-	-	-	-	-	-	-	-
Market Cap	129848843729.280	+7%	120842352000.000	109665778000.000	+10%	86491623750.000	+40%	181009681557.159	-33%	192690946573.833	-37%
Net Profit Margin	-	-	0.314	0.250	+26%	0.213	+48%	0.261	+20%	0.254	+24%
Operating Margin	-	-	0.233	0.221	+6%	0.196	+19%	0.221	+6%	0.253	-8%
Operating Ratio	-	-	0.767	0.752	+2%	0.746	+3%	0.729	+5%	0.708	+8%
Pb Ratio	9.795	+8%	9.020	8.895	+1%	7.377	+22%	18.641	-52%	32.151	-72%
Pe Ratio	54.117	+8%	49.836	62.345	-20%	65.000	-23%	146.018	-66%	205.333	-76%
Price Per Share	366.340	+8%	337.360	306.765	+10%	238.795	+41%	500.658	-33%	538.184	-37%
Price To Free Cash Flow Ratio	-158.329	-9%	-145.804	33.678	-533%	107.943	-235%	147.976	-199%	205.894	-171%
Price To Total Gains Ratio	169.583	+8%	156.167	236.158	-34%	1007.018	-84%	612.937	-75%	572.938	-73%
Quick Ratio	-	-	5.404	5.675	-5%	6.848	-21%	6.945	-22%	6.940	-22%
Return On Assets	-	-	0.039	0.031	+26%	0.025	+59%	0.031	+28%	0.032	+24%
Return On Equity	-	-	0.046	0.036	+25%	0.028	+62%	0.035	+28%	0.036	+25%
Total Gains Per Share	-	-	2.160	1.568	+38%	-0.351	+116%	0.927	+133%	0.688	+214%
Usd Book Value	-	-	13397300000.000	12318675000.000	+9%	11731475000.000	+14%	10370290000.000	+29%	7502520000.000	+79%
Usd Book Value Change Per Share	-	-	2.160	1.568	+38%	-0.351	+116%	0.927	+133%	0.688	+214%
Usd Book Value Per Share	-	-	37.402	34.460	+9%	32.397	+15%	28.723	+30%	20.888	+79%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	1.692	1.257	+35%	0.913	+85%	1.060	+60%	0.779	+117%
Usd Free Cash Flow	-	-	-207200000.000	187400000.000	-211%	239600000.000	-186%	287990000.000	-172%	248365000.000	-183%
Usd Free Cash Flow Per Share	-	-	-0.578	0.525	-210%	0.663	-187%	0.797	-173%	0.692	-184%
Usd Free Cash Flow To Equity Per Share	-	-	-0.666	0.323	-307%	-1.122	+68%	0.369	-280%	0.357	-287%
Usd Market Cap	129848843729.280	+7%	120842352000.000	109665778000.000	+10%	86491623750.000	+40%	181009681557.159	-33%	192690946573.833	-37%
Usd Price Per Share	366.340	+8%	337.360	306.765	+10%	238.795	+41%	500.658	-33%	538.184	-37%
Usd Profit	-	-	606200000.000	449500000.000	+35%	330575000.000	+83%	363240000.000	+67%	269905000.000	+125%
Usd Revenue	-	-	1928300000.000	1781025000.000	+8%	1555550000.000	+24%	1394665000.000	+38%	1049172500.000	+84%
Usd Total Gains Per Share	-	-	2.160	1.568	+38%	-0.351	+116%	0.927	+133%	0.688	+214%
	EOD	+5 -3	MRQ	TTM	+22 -11	YOY	+22 -11	5Y	+20 -14	10Y	+20 -14

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	54.117
Price to Book Ratio (EOD)	Between	0-1	9.795
Net Profit Margin (MRQ)	Greater than	0	0.314
Operating Margin (MRQ)	Greater than	0	0.233
Quick Ratio (MRQ)	Greater than	1	5.404
Current Ratio (MRQ)	Greater than	1	4.756
Debt to Asset Ratio (MRQ)	Less than	1	0.132
Debt to Equity Ratio (MRQ)	Less than	1	0.154
Return on Equity (MRQ)	Greater than	0.15	0.046
Return on Assets (MRQ)	Greater than	0.05	0.039
Total			6/10 (60.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	34.602
Ma 20	Greater than	Ma 50	386.151
Ma 50	Greater than	Ma 100	386.785
Ma 100	Greater than	Ma 200	365.321
Open	Greater than	Close	385.270
Total			3/5 (60.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Tax Provision		58,000	3,000	61,000	12,200	73,200	29,000	102,200	-197,000	-94,800
Income Tax Expense		58,000	3,000	61,000	12,200	73,200	29,000	102,200	-197,000	-94,800

Latest Balance Sheet

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

Summary

Total Assets	15,441,500
Total Liabilities	2,044,200
Total Stockholder Equity	13,307,600

	As reported
Total Liabilities	2,044,200
Total Stockholder Equity	+ 13,307,600
Total Assets	= 15,441,500

Assets

Total Assets	15,441,500
Total Current Assets	7,888,000
Long-term Assets	7,553,500

Total Current Assets

Total Current Assets (as reported)	7,888,000
Cash And Cash Equivalents	2,750,100
Short-term Investments	2,473,100
Net Receivables	1,267,500
Inventory	1,220,600
Other Current Assets	176,700
Total Current Assets (calculated)	7,888,000
+/-	0

Long-term Assets

Long-term Assets (as reported)	7,553,500
Property Plant Equipment	3,537,600
Goodwill	348,700
Long Term Investments	2,120,000
Intangible Assets	636,700
Long-term Assets (calculated)	6,643,000
+/-	910,500

Liabilities & Shareholders' Equity

Total Current Liabilities	1,658,700
Long-term Liabilities	385,500
Total Stockholder Equity	13,307,600

Total Current Liabilities

Total Current Liabilities (as reported)	1,658,700
Short-term Debt	25,300
Accounts payable	188,700
Other Current Liabilities	998,600
Total Current Liabilities (calculated)	1,212,600
+/-	446,100

Long-term Liabilities

Long-term Liabilities (as reported)	385,500
Long-term Liabilities Other	106,100
Long-term Liabilities (calculated)	106,100
+/-	279,400

Total Stockholder Equity

Total Stockholder Equity (as reported)	13,307,600
Common Stock	400
Retained Earnings	4,743,000
Accumulated Other Comprehensive Income	-12,200
Other Stockholders Equity	8,576,400
Total Stockholder Equity (calculated)	13,307,600
+/-	0

Other

Capital Stock	400
Cash and Short Term Investments	5,223,200
Common Stock Shares Outstanding	358,200
Current Deferred Revenue	446,100
Liabilities and Stockholders Equity	15,441,500
Net Debt	-2,660,300
Net Invested Capital	13,307,600
Net Working Capital	6,229,300
Property Plant and Equipment Gross	5,099,600
Short Long Term Debt Total	89,800

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

> Total Assets

65,081
106,572
111,067
112,421
105,006
103,003
100,412
100,361
100,361
93,535
92,855
91,581
89,416
245,483
238,764
314,994
316,339
322,460
336,823
354,229
369,200
389,522
427,915
501,587
524,503
565,838
613,993
671,790
724,168
808,698
912,247
1,039,998
1,123,285
1,231,387
1,364,671
1,474,624
1,386,053
1,501,282
1,637,811
1,809,716
2,016,600
2,243,100
2,351,800
2,390,400
2,568,300
2,649,900
2,746,000
3,063,100
3,332,900
3,626,100
3,732,200
4,059,200
4,235,800
4,201,300
3,697,400
3,950,300
4,194,200
3,404,600
3,651,500
3,959,400
4,126,200
4,354,500
4,682,300
4,907,300
5,306,300
5,780,800
6,174,700
6,486,900
4,808,000
5,250,800
5,644,600
5,758,000
6,426,200
6,849,600
7,318,600
7,846,700
8,234,900
8,531,600
9,131,300
9,733,200
9,891,100
10,103,600
10,617,500
11,168,900
11,540,400
12,297,000
12,934,600
13,555,000
13,678,400
13,705,200
13,260,800
12,974,000
13,053,200
13,903,300
14,712,700
15,441,500

15,441,500

14,712,700

13,903,300

13,053,200

12,974,000

13,260,800

13,705,200

13,678,400

13,555,000

12,934,600

12,297,000

11,540,400

11,168,900

10,617,500

10,103,600

9,891,100

9,733,200

9,131,300

8,531,600

8,234,900

7,846,700

7,318,600

6,849,600

6,426,200

5,758,000

5,644,600

5,250,800

4,808,000

6,486,900

6,174,700

5,780,800

5,306,300

4,907,300

4,682,300

4,354,500

4,126,200

3,959,400

3,651,500

3,404,600

4,194,200

3,950,300

3,697,400

4,201,300

4,235,800

4,059,200

3,732,200

3,626,100

3,332,900

3,063,100

2,746,000

2,649,900

2,568,300

2,390,400

2,351,800

2,243,100

2,016,600

1,809,716

1,637,811

1,501,282

1,386,053

1,474,624

1,364,671

1,231,387

1,123,285

1,039,998

912,247

808,698

724,168

671,790

613,993

565,838

524,503

501,587

427,915

389,522

369,200

354,229

336,823

322,460

316,339

314,994

238,764

245,483

89,416

91,581

92,855

93,535

100,361

100,412

103,003

105,006

112,421

111,067

106,572

65,081

> Total Current Assets

62,002
98,435
102,947
103,666
95,311
92,732
90,149
89,219
89,219
79,513
79,442
78,625
76,223
80,352
74,834
151,948
154,693
141,947
158,064
176,684
192,689
211,995
250,861
208,655
267,365
276,202
319,254
374,451
407,378
455,500
538,702
609,591
582,012
559,540
651,564
703,890
564,504
1,136,524
781,225
846,628
1,019,500
1,856,900
1,301,500
1,275,800
2,110,200
2,172,400
2,261,000
1,466,300
2,789,500
3,073,800
3,163,100
3,412,300
3,596,600
3,555,100
3,013,000
1,932,400
2,077,600
2,516,900
2,720,700
1,847,000
3,161,800
3,391,400
3,653,900
3,910,000
2,406,400
4,797,900
5,176,800
5,450,400
3,773,200
4,118,600
4,495,200
4,686,900
5,253,500
5,539,000
5,932,500
4,333,200
6,472,900
6,294,400
6,649,200
7,511,500
7,408,700
7,594,600
7,612,900
8,116,100
8,461,600
9,004,400
9,499,600
9,989,300
9,960,900
9,737,900
9,078,700
8,576,800
8,450,500
9,041,100
8,902,900
7,888,000

7,888,000

8,902,900

9,041,100

8,450,500

8,576,800

9,078,700

9,737,900

9,960,900

9,989,300

9,499,600

9,004,400

8,461,600

8,116,100

7,612,900

7,594,600

7,408,700

7,511,500

6,649,200

6,294,400

6,472,900

4,333,200

5,932,500

5,539,000

5,253,500

4,686,900

4,495,200

4,118,600

3,773,200

5,450,400

5,176,800

4,797,900

2,406,400

3,910,000

3,653,900

3,391,400

3,161,800

1,847,000

2,720,700

2,516,900

2,077,600

1,932,400

3,013,000

3,555,100

3,596,600

3,412,300

3,163,100

3,073,800

2,789,500

1,466,300

2,261,000

2,172,400

2,110,200

1,275,800

1,301,500

1,856,900

1,019,500

846,628

781,225

1,136,524

564,504

703,890

651,564

559,540

582,012

609,591

538,702

455,500

407,378

374,451

319,254

276,202

267,365

208,655

250,861

211,995

192,689

176,684

158,064

141,947

154,693

151,948

74,834

80,352

76,223

78,625

79,442

79,513

89,219

90,149

92,732

95,311

103,666

102,947

98,435

62,002

Cash And Cash Equivalents

39,046
40,484
25,965
22,657
13,670
23,484
24,619
10,487
10,487
23,872
18,340
17,607
22,774
17,681
12,478
11,335
13,346
8,230
11,268
5,771
11,025
7,972
8,729
5,508
5,216
31,061
53,445
34,390
52,755
65,712
86,393
122,825
230,808
223,023
227,614
194,623
96,605
902,061
1,023,984
221,437
1,395,500
1,588,200
1,620,600
279,800
449,800
1,822,000
1,887,300
465,800
2,371,000
2,631,200
396,200
2,920,500
3,116,000
3,027,200
2,532,300
782,100
814,000
2,043,400
2,262,700
600,300
2,667,000
2,868,600
3,125,200
3,347,800
980,500
4,224,900
4,561,300
4,837,900
3,146,800
3,423,300
3,802,000
3,846,500
4,068,200
4,259,600
4,570,500
857,900
5,064,600
5,148,200
969,600
1,167,600
1,223,800
2,035,600
1,370,600
1,622,600
1,401,800
1,615,500
1,346,700
1,290,900
1,103,100
1,536,100
1,538,000
1,581,200
371,400
3,435,400
3,602,000
2,750,100

2,750,100

3,602,000

3,435,400

371,400

1,581,200

1,538,000

1,536,100

1,103,100

1,290,900

1,346,700

1,615,500

1,401,800

1,622,600

1,370,600

2,035,600

1,223,800

1,167,600

969,600

5,148,200

5,064,600

857,900

4,570,500

4,259,600

4,068,200

3,846,500

3,802,000

3,423,300

3,146,800

4,837,900

4,561,300

4,224,900

980,500

3,347,800

3,125,200

2,868,600

2,667,000

600,300

2,262,700

2,043,400

814,000

782,100

2,532,300

3,027,200

3,116,000

2,920,500

396,200

2,631,200

2,371,000

465,800

1,887,300

1,822,000

449,800

279,800

1,620,600

1,588,200

1,395,500

221,437

1,023,984

902,061

96,605

194,623

227,614

223,023

230,808

122,825

86,393

65,712

52,755

34,390

53,445

31,061

5,216

5,508

8,729

7,972

11,025

5,771

11,268

8,230

13,346

11,335

12,478

17,681

22,774

17,607

18,340

23,872

10,487

24,619

23,484

13,670

22,657

25,965

40,484

39,046

Short-term Investments

15,585
46,856
61,718
66,784
63,246
50,987
39,655
56,174
56,174
31,499
30,165
33,232
22,235
25,169
22,971
101,614
102,489
98,184
109,947
126,267
138,427
150,570
180,691
123,679
160,231
129,457
148,363
205,353
221,944
240,174
282,565
304,642
156,160
116,614
180,608
256,746
243,411
207,241
306,702
333,998
429,800
547,900
598,900
630,600
640,000
611,900
612,400
563,400
645,400
728,100
745,200
770,700
930,700
857,500
626,100
621,400
745,300
471,000
521,300
632,200
661,100
646,100
871,500
845,200
827,900
990,300
1,193,700
1,518,000
756,200
1,126,900
1,271,800
1,312,400
1,542,600
1,729,000
2,127,600
2,205,200
1,933,000
1,928,100
1,928,000
2,054,100
2,029,600
2,452,700
3,347,600
3,548,900
3,155,700
2,823,700
2,785,300
2,940,000
2,892,200
2,909,900
2,781,000
2,541,000
2,549,200
2,363,800
2,873,700
2,473,100

2,473,100

2,873,700

2,363,800

2,549,200

2,541,000

2,781,000

2,909,900

2,892,200

2,940,000

2,785,300

2,823,700

3,155,700

3,548,900

3,347,600

2,452,700

2,029,600

2,054,100

1,928,000

1,928,100

1,933,000

2,205,200

2,127,600

1,729,000

1,542,600

1,312,400

1,271,800

1,126,900

756,200

1,518,000

1,193,700

990,300

827,900

845,200

871,500

646,100

661,100

632,200

521,300

471,000

745,300

621,400

626,100

857,500

930,700

770,700

745,200

728,100

645,400

563,400

612,400

611,900

640,000

630,600

598,900

547,900

429,800

333,998

306,702

207,241

243,411

256,746

180,608

116,614

156,160

304,642

282,565

240,174

221,944

205,353

148,363

129,457

160,231

123,679

180,691

150,570

138,427

126,267

109,947

98,184

102,489

101,614

22,971

25,169

22,235

33,232

30,165

31,499

56,174

39,655

50,987

63,246

66,784

61,718

46,856

15,585

Net Receivables

2,780
5,285
8,373
6,444
10,266
9,686
15,557
13,248
13,248
15,213
19,044
16,887
20,895
21,855
23,656
26,820
27,324
24,705
26,361
35,443
31,407
39,646
43,756
52,849
56,975
70,530
71,679
94,680
90,482
105,649
120,456
130,370
135,690
162,088
173,708
170,107
139,341
175,216
186,530
205,384
180,200
194,700
207,900
246,800
259,900
250,300
265,100
297,900
299,700
323,200
336,200
370,300
345,100
358,600
280,600
301,400
239,100
271,100
259,100
315,100
292,400
321,500
334,700
394,300
325,900
403,800
432,000
430,200
412,900
481,100
468,000
511,900
474,900
532,500
580,400
682,300
547,600
633,400
639,000
645,200
527,600
508,800
588,600
645,500
654,300
699,900
695,000
782,700
906,100
838,500
849,600
942,100
925,300
904,200
1,097,100
1,267,500

1,267,500

1,097,100

904,200

925,300

942,100

849,600

838,500

906,100

782,700

695,000

699,900

654,300

645,500

588,600

508,800

527,600

645,200

639,000

633,400

547,600

682,300

580,400

532,500

474,900

511,900

468,000

481,100

412,900

430,200

432,000

403,800

325,900

394,300

334,700

321,500

292,400

315,100

259,100

271,100

239,100

301,400

280,600

358,600

345,100

370,300

336,200

323,200

299,700

297,900

265,100

250,300

259,900

246,800

207,900

194,700

180,200

205,384

186,530

175,216

139,341

170,107

173,708

162,088

135,690

130,370

120,456

105,649

90,482

94,680

71,679

70,530

56,975

52,849

43,756

39,646

31,407

35,443

26,361

24,705

27,324

26,820

23,656

21,855

20,895

16,887

19,044

15,213

13,248

15,557

9,686

10,266

6,444

8,373

5,285

2,780

Inventory

3,573
4,796
5,256
6,076
6,523
6,791
7,595
6,182
6,182
7,230
9,871
8,738
8,282
13,601
12,746
8,788
7,983
7,162
6,596
5,966
7,566
8,836
12,220
15,170
20,368
24,638
22,330
24,295
26,261
24,040
26,773
32,416
38,832
42,594
52,498
63,460
64,383
59,247
56,646
57,600
68,500
74,000
85,000
86,800
93,300
100,100
108,600
112,100
118,800
119,400
125,800
121,500
135,500
169,300
200,100
179,600
185,500
202,400
198,900
181,700
202,400
201,300
194,000
167,900
163,000
169,200
183,500
182,300
213,500
214,200
225,200
241,200
283,600
331,500
370,100
409,000
468,300
512,800
579,600
595,500
620,300
645,500
662,900
601,500
576,800
569,700
584,900
587,100
653,000
724,000
837,100
893,200
946,600
1,005,200
1,147,500
1,220,600

1,220,600

1,147,500

1,005,200

946,600

893,200

837,100

724,000

653,000

587,100

584,900

569,700

576,800

601,500

662,900

645,500

620,300

595,500

579,600

512,800

468,300

409,000

370,100

331,500

283,600

241,200

225,200

214,200

213,500

182,300

183,500

169,200

163,000

167,900

194,000

201,300

202,400

181,700

198,900

202,400

185,500

179,600

200,100

169,300

135,500

121,500

125,800

119,400

118,800

112,100

108,600

100,100

93,300

86,800

85,000

74,000

68,500

57,600

56,646

59,247

64,383

63,460

52,498

42,594

38,832

32,416

26,773

24,040

26,261

24,295

22,330

24,638

20,368

15,170

12,220

8,836

7,566

5,966

6,596

7,162

7,983

8,788

12,746

13,601

8,282

8,738

9,871

7,230

6,182

7,595

6,791

6,523

6,076

5,256

4,796

3,573

Other Current Assets

1,018
1,014
1,635
1,705
1,606
1,784
2,723
3,128
3,128
1,699
2,022
2,161
2,037
2,046
2,983
3,391
3,551
3,666
3,892
3,237
4,264
4,971
5,465
11,449
24,575
20,516
23,437
15,733
15,936
19,925
22,515
19,338
20,522
15,221
17,136
18,954
20,764
22,933
25,252
28,209
27,400
27,500
27,700
31,800
1,757,000
21,000
27,600
27,100
46,300
48,200
2,701,100
67,300
46,500
33,400
30,000
38,300
58,800
42,400
86,200
82,600
73,900
53,000
102,700
73,500
109,100
70,600
80,600
83,300
76,500
123,500
88,900
97,200
105,900
189,600
166,200
178,800
200,400
207,000
200,800
200,200
290,200
256,400
330,600
126,300
198,800
213,400
217,500
133,900
138,600
167,500
165,900
164,300
312,900
323,200
182,600
176,700

176,700

182,600

323,200

312,900

164,300

165,900

167,500

138,600

133,900

217,500

213,400

198,800

126,300

330,600

256,400

290,200

200,200

200,800

207,000

200,400

178,800

166,200

189,600

105,900

97,200

88,900

123,500

76,500

83,300

80,600

70,600

109,100

73,500

102,700

53,000

73,900

82,600

86,200

42,400

58,800

38,300

30,000

33,400

46,500

67,300

2,701,100

48,200

46,300

27,100

27,600

21,000

1,757,000

31,800

27,700

27,500

27,400

28,209

25,252

22,933

20,764

18,954

17,136

15,221

20,522

19,338

22,515

19,925

15,936

15,733

23,437

20,516

24,575

11,449

5,465

4,971

4,264

3,237

3,892

3,666

3,551

3,391

2,983

2,046

2,037

2,161

2,022

1,699

3,128

2,723

1,784

1,606

1,705

1,635

1,014

1,018

> Long-term Assets

3,079
8,137
8,120
8,755
9,695
10,271
10,263
0
11,142
14,022
13,413
12,956
13,193
165,131
163,930
163,046
161,646
180,513
178,759
177,545
176,511
177,527
177,054
292,932
257,138
289,636
294,739
297,339
316,790
353,198
373,545
430,407
541,273
671,847
713,107
770,734
821,549
364,758
856,586
963,088
997,100
386,200
1,050,300
1,114,600
458,100
477,500
485,000
1,596,800
543,400
552,300
569,100
646,900
639,200
646,200
684,400
2,017,900
2,116,600
887,700
930,800
2,112,400
964,400
963,100
1,028,400
997,300
2,899,900
982,900
997,900
1,036,500
1,034,800
1,132,200
1,149,400
1,071,100
1,172,700
1,310,600
1,386,100
3,513,500
1,762,000
2,237,200
2,482,100
2,221,700
2,482,400
2,509,000
3,004,600
3,052,800
3,078,800
3,292,600
3,435,000
3,565,700
3,717,500
3,967,300
4,182,100
4,397,200
4,602,700
4,862,200
5,809,800
7,553,500

7,553,500

5,809,800

4,862,200

4,602,700

4,397,200

4,182,100

3,967,300

3,717,500

3,565,700

3,435,000

3,292,600

3,078,800

3,052,800

3,004,600

2,509,000

2,482,400

2,221,700

2,482,100

2,237,200

1,762,000

3,513,500

1,386,100

1,310,600

1,172,700

1,071,100

1,149,400

1,132,200

1,034,800

1,036,500

997,900

982,900

2,899,900

997,300

1,028,400

963,100

964,400

2,112,400

930,800

887,700

2,116,600

2,017,900

684,400

646,200

639,200

646,900

569,100

552,300

543,400

1,596,800

485,000

477,500

458,100

1,114,600

1,050,300

386,200

997,100

963,088

856,586

364,758

821,549

770,734

713,107

671,847

541,273

430,407

373,545

353,198

316,790

297,339

294,739

289,636

257,138

292,932

177,054

177,527

176,511

177,545

178,759

180,513

161,646

163,046

163,930

165,131

13,193

12,956

13,413

14,022

11,142

10,263

10,271

9,695

8,755

8,120

8,137

3,079

Property Plant Equipment

3,079
3,672
3,839
4,669
5,803
6,574
6,761
7,834
7,834
11,104
10,689
10,388
9,823
11,630
10,688
10,288
9,384
29,012
27,779
27,065
26,857
29,291
29,451
52,225
53,861
58,841
58,739
59,939
60,278
62,040
64,153
68,093
71,905
94,568
98,081
117,021
122,571
122,584
122,865
125,741
132,900
144,400
156,600
159,800
162,600
194,200
196,000
197,200
210,100
216,100
223,400
241,800
249,900
267,600
294,200
309,900
320,800
326,700
335,400
387,400
404,700
408,600
427,300
432,100
439,000
440,100
447,300
458,400
497,400
540,100
584,800
613,100
661,900
688,800
746,400
812,000
935,400
1,032,400
1,136,800
1,272,900
1,369,200
1,450,300
1,509,700
1,577,300
1,592,900
1,651,200
1,737,900
1,876,400
1,968,200
2,109,300
2,243,700
2,374,200
2,580,200
2,830,800
3,077,000
3,537,600

3,537,600

3,077,000

2,830,800

2,580,200

2,374,200

2,243,700

2,109,300

1,968,200

1,876,400

1,737,900

1,651,200

1,592,900

1,577,300

1,509,700

1,450,300

1,369,200

1,272,900

1,136,800

1,032,400

935,400

812,000

746,400

688,800

661,900

613,100

584,800

540,100

497,400

458,400

447,300

440,100

439,000

432,100

427,300

408,600

404,700

387,400

335,400

326,700

320,800

309,900

294,200

267,600

249,900

241,800

223,400

216,100

210,100

197,200

196,000

194,200

162,600

159,800

156,600

144,400

132,900

125,741

122,865

122,584

122,571

117,021

98,081

94,568

71,905

68,093

64,153

62,040

60,278

59,939

58,739

58,841

53,861

52,225

29,451

29,291

26,857

27,065

27,779

29,012

9,384

10,288

10,688

11,630

9,823

10,388

10,689

11,104

7,834

6,761

6,574

5,803

4,669

3,839

3,672

3,079

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
142,658
142,995
143,106
143,332
143,332
143,332
143,332
143,332
142,407
141,750
124,638
124,638
124,035
122,453
118,240
118,207
118,207
112,170
110,740
110,740
110,740
110,740
110,740
110,740
110,740
110,740
110,740
110,700
110,700
116,900
116,900
116,900
116,900
116,900
116,900
138,100
138,100
138,100
138,100
138,000
137,400
137,400
137,400
147,500
198,000
198,000
198,000
198,000
201,100
201,100
201,100
201,100
201,100
201,100
201,100
201,100
201,100
201,100
201,100
201,100
210,900
236,100
240,600
247,500
244,900
304,700
307,200
335,000
336,800
336,300
336,700
344,500
344,300
344,300
343,600
343,200
349,100
348,200
348,500
348,600
348,600
348,100
348,700

348,700

348,100

348,600

348,500

348,200

349,100

343,200

343,600

344,300

344,500

336,700

336,300

336,800

335,000

307,200

304,700

244,900

247,500

240,600

236,100

210,900

201,100

198,000

147,500

137,400

138,000

138,100

116,900

110,700

110,740

112,170

118,207

118,240

122,453

124,035

124,638

141,750

142,407

143,332

143,106

142,995

142,658

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
521,399
511,187
616,545
652,100
620,300
639,700
698,500
667,200
828,100
976,700
1,142,600
1,399,700
1,418,700
1,559,700
1,596,100
1,757,800
1,737,000
1,319,400
1,350,400
1,404,300
1,064,800
1,248,400
1,264,500
1,304,800
1,307,100
1,385,500
1,788,000
1,992,700
2,041,100
2,346,000
2,283,300
1,682,000
1,599,900
1,655,200
1,885,900
1,550,900
1,327,100
1,434,600
1,771,300
2,255,900
2,429,800
2,533,000
2,623,500
2,642,700
1,586,500
1,643,200
1,757,700
2,673,000
3,295,600
4,131,500
4,415,500
4,416,200
3,738,000
3,078,100
2,623,600
1,886,400
1,332,500
1,044,900
2,120,000

2,120,000

1,044,900

1,332,500

1,886,400

2,623,600

3,078,100

3,738,000

4,416,200

4,415,500

4,131,500

3,295,600

2,673,000

1,757,700

1,643,200

1,586,500

2,642,700

2,623,500

2,533,000

2,429,800

2,255,900

1,771,300

1,434,600

1,327,100

1,550,900

1,885,900

1,655,200

1,599,900

1,682,000

2,283,300

2,346,000

2,041,100

1,992,700

1,788,000

1,385,500

1,307,100

1,304,800

1,264,500

1,248,400

1,064,800

1,404,300

1,350,400

1,319,400

1,737,000

1,757,800

1,596,100

1,559,700

1,418,700

1,399,700

1,142,600

976,700

828,100

667,200

698,500

639,700

620,300

652,100

616,545

511,187

521,399

Intangible Assets

0
0
0
4,086
3,892
3,697
3,502
3,308
3,308
2,918
2,724
2,568
3,370
153,501
152,912
151,195
150,954
150,487
150,020
149,553
149,087
147,695
146,571
129,991
5,737
6,672
6,243
5,814
5,384
4,955
4,525
23,474
21,985
39,402
57,582
56,224
68,076
63,992
60,111
56,230
52,400
49,800
70,600
66,100
72,500
68,100
75,400
71,000
81,400
75,300
69,800
103,400
99,800
92,100
91,300
94,100
112,400
138,000
134,600
74,100
120,300
125,600
130,000
49,700
131,500
144,300
135,800
31,500
140,200
152,400
154,800
26,000
203,800
221,300
237,400
66,700
378,700
383,800
415,700
112,100
488,000
101,000
88,900
77,400
87,200
84,000
77,200
70,500
64,100
66,200
57,100
49,800
5,000
693,100
638,400
636,700

636,700

638,400

693,100

5,000

49,800

57,100

66,200

64,100

70,500

77,200

84,000

87,200

77,400

88,900

101,000

488,000

112,100

415,700

383,800

378,700

66,700

237,400

221,300

203,800

26,000

154,800

152,400

140,200

31,500

135,800

144,300

131,500

49,700

130,000

125,600

120,300

74,100

134,600

138,000

112,400

94,100

91,300

92,100

99,800

103,400

69,800

75,300

81,400

71,000

75,400

68,100

72,500

66,100

70,600

49,800

52,400

56,230

60,111

63,992

68,076

56,224

57,582

39,402

21,985

23,474

4,525

4,955

5,384

5,814

6,243

6,672

5,737

129,991

146,571

147,695

149,087

149,553

150,020

150,487

150,954

151,195

152,912

153,501

3,370

2,568

2,724

2,918

3,308

3,502

3,697

3,892

4,086

Other Assets

0
4,465
4,281
4,086
3,892
3,697
3,502
3,308
3,113
2,918
2,724
2,568
3,370
153,501
153,242
152,758
152,262
151,501
150,980
150,480
149,654
148,236
147,603
240,707
203,277
230,795
236,000
237,400
256,512
291,158
309,392
362,314
469,368
577,279
615,026
653,713
698,978
740,640
733,721
837,347
864,200
834,600
893,700
954,800
922,100
1,090,400
1,238,100
1,399,600
1,686,700
1,706,700
1,855,700
1,924,600
2,091,200
2,072,700
1,669,700
1,708,000
1,795,800
1,544,500
1,724,200
1,725,000
1,762,200
1,782,700
1,856,200
2,279,700
2,460,900
2,513,300
2,816,000
2,778,100
2,142,900
2,068,500
2,130,900
2,334,000
2,382,600
525,900
529,300
622,900
514,800
621,500
567,700
680,500
735,300
730,000
739,100
2,127,000
1,141,400
857,200
3,436,000
13,555,000
1,048,000
1,508,900
1,590,200
1,183,600
931,600
1,244,600
1,224,500
0

1,224,500

1,244,600

931,600

1,183,600

1,590,200

1,508,900

1,048,000

13,555,000

3,436,000

857,200

1,141,400

2,127,000

739,100

730,000

735,300

680,500

567,700

621,500

514,800

622,900

529,300

525,900

2,382,600

2,334,000

2,130,900

2,068,500

2,142,900

2,778,100

2,816,000

2,513,300

2,460,900

2,279,700

1,856,200

1,782,700

1,762,200

1,725,000

1,724,200

1,544,500

1,795,800

1,708,000

1,669,700

2,072,700

2,091,200

1,924,600

1,855,700

1,706,700

1,686,700

1,399,600

1,238,100

1,090,400

922,100

954,800

893,700

834,600

864,200

837,347

733,721

740,640

698,978

653,713

615,026

577,279

469,368

362,314

309,392

291,158

256,512

237,400

236,000

230,795

203,277

240,707

147,603

148,236

149,654

150,480

150,980

151,501

152,262

152,758

153,242

153,501

3,370

2,568

2,724

2,918

3,113

3,308

3,502

3,697

3,892

4,086

4,281

4,465

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
44,124
51,216
53,341
48,400
53,200
65,200
73,300
65,500
77,300
69,100
69,100
67,500
74,600
88,100
87,000
95,600
106,200
121,600
126,100
131,600
143,700
143,200
136,200
139,100
148,900
139,600
167,800
135,600
126,800
133,100
150,900
119,600
115,100
119,800
87,300
426,800
415,400
411,500
428,600
392,400
369,100
424,100
425,600
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

425,600

424,100

369,100

392,400

428,600

411,500

415,400

426,800

87,300

119,800

115,100

119,600

150,900

133,100

126,800

135,600

167,800

139,600

148,900

139,100

136,200

143,200

143,700

131,600

126,100

121,600

106,200

95,600

87,000

88,100

74,600

67,500

69,100

77,300

65,500

73,300

65,200

53,200

48,400

53,341

51,216

44,124

> Total Liabilities

12,747
15,289
16,594
21,691
16,119
17,317
18,006
22,068
22,068
23,007
26,986
27,901
27,057
40,907
34,117
36,037
32,184
33,533
37,049
39,297
39,003
41,512
47,297
58,996
55,812
62,768
70,347
82,085
80,932
97,349
112,096
151,324
141,474
157,400
181,243
207,858
210,933
230,098
247,549
272,433
246,600
318,700
343,500
353,000
337,400
361,400
377,000
417,500
405,600
443,700
438,700
479,100
463,600
482,500
433,100
448,900
537,600
582,200
567,300
580,000
540,800
561,800
567,100
587,800
555,900
599,300
632,900
709,100
680,500
728,500
684,700
1,031,200
919,800
980,400
1,030,100
1,159,200
1,194,500
1,252,000
1,354,200
1,448,500
1,360,600
1,337,200
1,330,800
1,409,800
1,350,200
1,417,500
1,475,100
1,603,500
1,521,500
1,622,800
1,686,800
1,861,400
1,759,000
1,943,600
2,089,200
2,044,200

2,044,200

2,089,200

1,943,600

1,759,000

1,861,400

1,686,800

1,622,800

1,521,500

1,603,500

1,475,100

1,417,500

1,350,200

1,409,800

1,330,800

1,337,200

1,360,600

1,448,500

1,354,200

1,252,000

1,194,500

1,159,200

1,030,100

980,400

919,800

1,031,200

684,700

728,500

680,500

709,100

632,900

599,300

555,900

587,800

567,100

561,800

540,800

580,000

567,300

582,200

537,600

448,900

433,100

482,500

463,600

479,100

438,700

443,700

405,600

417,500

377,000

361,400

337,400

353,000

343,500

318,700

246,600

272,433

247,549

230,098

210,933

207,858

181,243

157,400

141,474

151,324

112,096

97,349

80,932

82,085

70,347

62,768

55,812

58,996

47,297

41,512

39,003

39,297

37,049

33,533

32,184

36,037

34,117

40,907

27,057

27,901

26,986

23,007

22,068

18,006

17,317

16,119

21,691

16,594

15,289

12,747

> Total Current Liabilities

10,276
13,251
15,353
19,830
14,646
16,545
17,043
21,297
21,297
22,036
25,194
26,063
25,526
38,795
31,940
34,194
30,224
32,080
35,863
38,385
38,241
40,833
46,213
57,987
55,043
61,665
68,979
80,667
77,057
91,439
103,664
131,770
119,264
129,417
146,842
164,516
162,977
230,098
185,599
202,768
173,800
318,700
267,300
273,800
337,400
361,400
377,000
320,600
405,600
443,700
438,700
479,100
463,600
482,500
433,100
380,900
459,500
582,200
567,300
501,200
540,800
561,800
567,100
587,800
452,900
599,300
632,900
709,100
680,500
728,500
684,700
1,031,200
919,800
980,400
1,030,100
820,600
1,194,500
913,500
1,018,600
1,448,500
1,360,600
1,337,200
1,330,800
1,409,800
1,350,200
1,417,500
1,475,100
1,603,500
1,521,500
1,622,800
1,686,800
1,861,400
1,759,000
1,943,600
1,676,400
1,658,700

1,658,700

1,676,400

1,943,600

1,759,000

1,861,400

1,686,800

1,622,800

1,521,500

1,603,500

1,475,100

1,417,500

1,350,200

1,409,800

1,330,800

1,337,200

1,360,600

1,448,500

1,018,600

913,500

1,194,500

820,600

1,030,100

980,400

919,800

1,031,200

684,700

728,500

680,500

709,100

632,900

599,300

452,900

587,800

567,100

561,800

540,800

501,200

567,300

582,200

459,500

380,900

433,100

482,500

463,600

479,100

438,700

443,700

405,600

320,600

377,000

361,400

337,400

273,800

267,300

318,700

173,800

202,768

185,599

230,098

162,977

164,516

146,842

129,417

119,264

131,770

103,664

91,439

77,057

80,667

68,979

61,665

55,043

57,987

46,213

40,833

38,241

38,385

35,863

32,080

30,224

34,194

31,940

38,795

25,526

26,063

25,194

22,036

21,297

17,043

16,545

14,646

19,830

15,353

13,251

10,276

Short-term Debt

1,781
1,746
1,941
2,019
2,072
2,110
1,903
1,631
1,631
1,022
1,386
1,511
1,434
1,244
1,156
1,030
998
904
813
609
347
171
35
0
0
0
0
0
0
0
0
0
0
0
0
0
0
49,804
-928
0
-900
116,300
-1,000
0
83,700
86,200
91,800
0
91,200
96,200
73,400
82,600
84,500
90,100
64,600
5,100
0
85,500
84,800
7,400
78,500
80,300
84,000
102,800
0
104,500
130,500
143,700
109,000
119,600
56,400
371,900
313,200
301,800
323,500
39,100
443,500
-653,600
-772,300
-531,000
-440,500
-435,100
441,100
459,700
465,200
439,700
478,700
416,900
0
0
0
24,200
0
-199,700
0
25,300

25,300

-199,700

24,200

416,900

478,700

439,700

465,200

459,700

441,100

-435,100

-440,500

-531,000

-772,300

-653,600

443,500

39,100

323,500

301,800

313,200

371,900

56,400

119,600

109,000

143,700

130,500

104,500

102,800

84,000

80,300

78,500

7,400

84,800

85,500

5,100

64,600

90,100

84,500

82,600

73,400

96,200

91,200

91,800

86,200

83,700

-1,000

116,300

-900

-928

49,804

171

347

609

813

904

998

1,030

1,156

1,244

1,434

1,511

1,386

1,022

1,631

1,903

2,110

2,072

2,019

1,941

1,746

1,781

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
5,300
5,500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

5,500

5,300

Accounts payable

3,455
4,825
5,225
7,128
5,540
6,935
6,182
8,300
8,300
8,033
9,099
9,282
10,142
17,204
11,420
12,455
4,670
4,311
5,214
4,485
6,482
5,382
7,497
7,950
9,144
5,769
10,187
11,092
14,165
16,214
22,260
29,791
24,042
20,018
26,159
20,501
21,209
26,555
24,968
27,594
34,400
41,600
35,700
35,600
43,200
37,500
43,200
45,800
49,800
54,600
56,100
57,600
67,900
67,200
62,000
46,200
57,000
58,900
53,600
61,600
67,900
64,700
58,000
52,600
57,900
64,800
60,600
68,500
74,000
74,200
80,400
82,500
96,300
102,200
96,400
100,700
130,600
913,500
1,018,600
1,083,300
994,400
965,700
116,000
81,600
103,100
117,900
120,000
121,200
128,100
149,700
164,200
147,000
16,900
199,700
196,200
188,700

188,700

196,200

199,700

16,900

147,000

164,200

149,700

128,100

121,200

120,000

117,900

103,100

81,600

116,000

965,700

994,400

1,083,300

1,018,600

913,500

130,600

100,700

96,400

102,200

96,300

82,500

80,400

74,200

74,000

68,500

60,600

64,800

57,900

52,600

58,000

64,700

67,900

61,600

53,600

58,900

57,000

46,200

62,000

67,200

67,900

57,600

56,100

54,600

49,800

45,800

43,200

37,500

43,200

35,600

35,700

41,600

34,400

27,594

24,968

26,555

21,209

20,501

26,159

20,018

24,042

29,791

22,260

16,214

14,165

11,092

10,187

5,769

9,144

7,950

7,497

5,382

6,482

4,485

5,214

4,311

4,670

12,455

11,420

17,204

10,142

9,282

9,099

8,033

8,300

6,182

6,935

5,540

7,128

5,225

4,825

3,455

Other Current Liabilities

5,040
6,680
8,187
10,683
4,694
5,302
5,524
11,366
7,496
9,275
10,194
10,432
7,810
13,216
10,540
9,364
11,558
13,480
15,744
17,919
14,550
16,884
18,026
24,724
18,245
25,624
25,269
33,016
23,917
32,924
33,780
48,162
35,974
44,485
49,218
66,034
44,907
64,230
69,934
75,723
36,100
52,000
114,800
112,100
78,800
102,200
97,200
120,600
103,300
124,000
137,000
152,500
117,600
127,000
112,700
129,500
176,000
211,900
209,100
215,600
177,000
192,900
195,600
202,300
169,700
196,100
205,700
247,000
210,900
236,700
252,800
274,000
230,300
274,200
303,100
386,500
291,200
346,800
464,700
531,000
440,500
435,100
415,600
486,100
392,700
467,900
492,900
651,400
969,000
1,059,400
1,127,000
1,251,900
1,279,600
1,493,000
1,085,400
998,600

998,600

1,085,400

1,493,000

1,279,600

1,251,900

1,127,000

1,059,400

969,000

651,400

492,900

467,900

392,700

486,100

415,600

435,100

440,500

531,000

464,700

346,800

291,200

386,500

303,100

274,200

230,300

274,000

252,800

236,700

210,900

247,000

205,700

196,100

169,700

202,300

195,600

192,900

177,000

215,600

209,100

211,900

176,000

129,500

112,700

127,000

117,600

152,500

137,000

124,000

103,300

120,600

97,200

102,200

78,800

112,100

114,800

52,000

36,100

75,723

69,934

64,230

44,907

66,034

49,218

44,485

35,974

48,162

33,780

32,924

23,917

33,016

25,269

25,624

18,245

24,724

18,026

16,884

14,550

17,919

15,744

13,480

11,558

9,364

10,540

13,216

7,810

10,432

10,194

9,275

7,496

11,366

5,524

5,302

4,694

10,683

8,187

6,680

5,040

> Long-term Liabilities

2,471
2,038
1,241
1,861
1,473
772
963
0
771
971
1,792
1,838
1,531
2,112
2,177
1,843
1,960
1,453
1,186
912
762
679
1,084
1,009
769
1,103
1,368
1,418
3,875
5,910
8,432
19,554
22,210
27,983
34,401
43,342
47,956
51,098
61,950
69,665
72,800
75,400
76,200
79,200
85,100
87,400
92,900
96,900
92,000
96,900
73,800
77,500
86,000
91,600
65,800
68,000
78,100
86,300
86,800
78,800
83,900
87,400
88,500
95,900
103,000
109,800
104,800
112,600
122,300
128,700
69,000
327,100
338,600
314,000
326,800
338,600
454,300
338,500
335,600
418,300
414,700
412,400
436,100
444,600
445,600
412,900
447,800
453,700
409,300
447,800
453,400
439,300
462,500
405,200
412,800
385,500

385,500

412,800

405,200

462,500

439,300

453,400

447,800

409,300

453,700

447,800

412,900

445,600

444,600

436,100

412,400

414,700

418,300

335,600

338,500

454,300

338,600

326,800

314,000

338,600

327,100

69,000

128,700

122,300

112,600

104,800

109,800

103,000

95,900

88,500

87,400

83,900

78,800

86,800

86,300

78,100

68,000

65,800

91,600

86,000

77,500

73,800

96,900

92,000

96,900

92,900

87,400

85,100

79,200

76,200

75,400

72,800

69,665

61,950

51,098

47,956

43,342

34,401

27,983

22,210

19,554

8,432

5,910

3,875

1,418

1,368

1,103

769

1,009

1,084

679

762

912

1,186

1,453

1,960

1,843

2,177

2,112

1,531

1,838

1,792

971

771

963

772

1,473

1,861

1,241

2,038

2,471

Long term Debt

2,471
2,038
1,241
1,861
1,473
772
963
771
1,282
971
1,792
1,838
1,531
1,235
950
695
435
230
52
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
71,300
69,600
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

69,600

71,300

230

435

695

950

1,235

1,531

1,838

1,792

971

1,282

771

963

772

1,473

1,861

1,241

2,038

2,471

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
44,124
51,216
53,341
48,400
53,200
65,200
73,300
65,500
77,300
69,100
69,100
67,500
74,600
88,100
87,000
95,600
106,200
121,600
126,100
131,600
143,700
143,200
136,200
139,100
148,900
139,600
167,800
135,600
126,800
133,100
150,900
119,600
115,100
119,800
87,300
426,800
415,400
411,500
428,600
392,400
369,100
424,100
425,600
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

425,600

424,100

369,100

392,400

428,600

411,500

415,400

426,800

87,300

119,800

115,100

119,600

150,900

133,100

126,800

135,600

167,800

139,600

148,900

139,100

136,200

143,200

143,700

131,600

126,100

121,600

106,200

95,600

87,000

88,100

74,600

67,500

69,100

77,300

65,500

73,300

65,200

53,200

48,400

53,341

51,216

44,124

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
877
1,227
1,148
1,525
1,223
1,134
912
762
679
1,084
1,009
769
1,103
1,368
1,418
3,875
5,910
8,432
19,554
22,210
27,983
34,401
43,342
47,956
51,098
61,950
69,665
72,800
75,400
76,200
79,200
85,100
87,400
92,900
96,900
92,000
96,900
73,800
77,500
86,000
91,600
65,800
68,000
78,100
86,300
86,800
78,800
83,900
87,400
88,500
95,900
103,000
109,800
104,800
112,600
122,300
128,700
69,000
327,100
338,600
314,000
326,800
338,600
383,000
374,900
351,100
349,600
414,700
412,400
436,100
386,600
389,200
412,900
767,000
414,000
409,300
413,700
395,600
369,700
451,600
405,200
412,800
0

412,800

405,200

451,600

369,700

395,600

413,700

409,300

414,000

767,000

412,900

389,200

386,600

436,100

412,400

414,700

349,600

351,100

374,900

383,000

338,600

326,800

314,000

338,600

327,100

69,000

128,700

122,300

112,600

104,800

109,800

103,000

95,900

88,500

87,400

83,900

78,800

86,800

86,300

78,100

68,000

65,800

91,600

86,000

77,500

73,800

96,900

92,000

96,900

92,900

87,400

85,100

79,200

76,200

75,400

72,800

69,665

61,950

51,098

47,956

43,342

34,401

27,983

22,210

19,554

8,432

5,910

3,875

1,418

1,368

1,103

769

1,009

1,084

679

762

912

1,134

1,223

1,525

1,148

1,227

877

Long-term Liabilities Other

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
68,599
72,800
75,400
76,200
79,200
85,100
87,400
92,900
96,900
92,000
96,900
73,800
77,500
86,000
91,600
65,800
68,000
78,100
86,300
86,800
78,800
83,900
87,400
88,500
95,900
103,000
109,800
104,800
112,600
122,300
128,700
69,000
327,100
338,600
314,000
326,800
338,600
454,300
444,500
423,300
418,300
414,700
412,400
436,100
444,600
445,600
92,600
103,600
453,700
409,300
447,800
453,400
439,300
451,600
405,200
106,200
106,100

106,100

106,200

405,200

451,600

439,300

453,400

447,800

409,300

453,700

103,600

92,600

445,600

444,600

436,100

412,400

414,700

418,300

423,300

444,500

454,300

338,600

326,800

314,000

338,600

327,100

69,000

128,700

122,300

112,600

104,800

109,800

103,000

95,900

88,500

87,400

83,900

78,800

86,800

86,300

78,100

68,000

65,800

91,600

86,000

77,500

73,800

96,900

92,000

96,900

92,900

87,400

85,100

79,200

76,200

75,400

72,800

68,599

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,066
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31,400
30,900
31,000
31,300
34,200
37,100
39,800
43,400
51,500
51,100
47,900
48,500
53,100
0
0
0
71,800
0
0
0
72,300
0
0
0
0

72,300

71,800

53,100

48,500

47,900

51,100

51,500

43,400

39,800

37,100

34,200

31,300

31,000

30,900

31,400

1,066

> Total Stockholder Equity

52,334
91,283
94,473
90,730
88,887
85,686
82,406
78,293
78,293
70,528
65,869
63,680
62,359
204,576
204,647
278,957
284,155
288,927
299,774
314,932
330,197
348,010
380,618
442,591
468,691
503,070
543,646
589,705
643,236
711,349
800,151
888,674
981,811
1,073,987
1,183,428
1,266,766
1,175,120
1,271,184
1,390,262
1,537,283
1,770,000
1,924,400
2,008,300
2,037,400
2,230,900
2,288,500
2,369,000
2,645,600
2,927,300
3,182,400
3,293,500
3,580,100
3,772,200
3,718,800
3,264,300
3,501,400
3,656,600
2,822,400
3,084,200
3,379,400
3,585,400
3,792,700
4,115,200
4,319,500
4,750,400
5,181,500
5,541,800
5,777,800
4,127,500
4,522,300
4,959,900
4,726,800
5,506,400
5,869,200
6,288,500
6,678,800
7,040,400
7,279,600
7,777,100
8,284,700
8,530,500
8,766,400
9,286,700
9,759,100
10,190,200
10,879,500
11,459,500
11,951,500
12,156,900
12,082,400
11,574,000
11,112,600
11,294,200
11,959,700
12,539,000
13,307,600

13,307,600

12,539,000

11,959,700

11,294,200

11,112,600

11,574,000

12,082,400

12,156,900

11,951,500

11,459,500

10,879,500

10,190,200

9,759,100

9,286,700

8,766,400

8,530,500

8,284,700

7,777,100

7,279,600

7,040,400

6,678,800

6,288,500

5,869,200

5,506,400

4,726,800

4,959,900

4,522,300

4,127,500

5,777,800

5,541,800

5,181,500

4,750,400

4,319,500

4,115,200

3,792,700

3,585,400

3,379,400

3,084,200

2,822,400

3,656,600

3,501,400

3,264,300

3,718,800

3,772,200

3,580,100

3,293,500

3,182,400

2,927,300

2,645,600

2,369,000

2,288,500

2,230,900

2,037,400

2,008,300

1,924,400

1,770,000

1,537,283

1,390,262

1,271,184

1,175,120

1,266,766

1,183,428

1,073,987

981,811

888,674

800,151

711,349

643,236

589,705

543,646

503,070

468,691

442,591

380,618

348,010

330,197

314,932

299,774

288,927

284,155

278,957

204,647

204,576

62,359

63,680

65,869

70,528

78,293

82,406

85,686

88,887

90,730

94,473

91,283

52,334

Common Stock

7
35
36
36
36
36
36
36
36
36
36
36
37
27
27
33
33
34
34
34
35
35
35
36
37
37
37
37
37
38
38
38
39
39
39
39
38
38
38
38
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
400
400
400
400
400
400
400
400
400
400

400

100

Retained Earnings

-80,179
-84,669
-88,689
-93,670
-97,077
-101,320
-106,118
-110,370
-110,370
-119,727
-126,191
-128,791
-131,084
-130,206
-133,559
-138,414
-137,561
-132,731
-126,618
-114,936
-105,964
-91,235
-70,515
-20,989
-6,566
10,116
27,379
51,020
72,774
103,437
144,356
193,509
238,290
289,472
347,066
397,824
307,252
369,640
434,164
511,716
597,000
685,700
720,100
718,900
812,000
798,500
750,700
901,900
1,045,400
1,185,800
1,208,800
1,333,400
1,385,600
1,292,900
813,200
979,400
1,023,700
312,200
341,000
487,700
562,300
651,300
785,700
899,200
1,009,600
1,193,000
1,402,800
1,574,900
263,300
482,300
776,600
61,400
698,000
948,100
1,234,000
1,521,700
1,696,000
1,819,000
2,142,600
2,494,500
2,570,900
2,633,000
2,937,200
3,261,300
3,514,700
4,022,700
4,390,100
4,760,900
4,858,000
4,682,800
4,017,800
3,500,100
3,397,400
3,807,700
4,209,200
4,743,000

4,743,000

4,209,200

3,807,700

3,397,400

3,500,100

4,017,800

4,682,800

4,858,000

4,760,900

4,390,100

4,022,700

3,514,700

3,261,300

2,937,200

2,633,000

2,570,900

2,494,500

2,142,600

1,819,000

1,696,000

1,521,700

1,234,000

948,100

698,000

61,400

776,600

482,300

263,300

1,574,900

1,402,800

1,193,000

1,009,600

899,200

785,700

651,300

562,300

487,700

341,000

312,200

1,023,700

979,400

813,200

1,292,900

1,385,600

1,333,400

1,208,800

1,185,800

1,045,400

901,900

750,700

798,500

812,000

718,900

720,100

685,700

597,000

511,716

434,164

369,640

307,252

397,824

347,066

289,472

238,290

193,509

144,356

103,437

72,774

51,020

27,379

10,116

-6,566

-20,989

-70,515

-91,235

-105,964

-114,936

-126,618

-132,731

-137,561

-138,414

-133,559

-130,206

-131,084

-128,791

-126,191

-119,727

-110,370

-106,118

-101,320

-97,077

-93,670

-88,689

-84,669

-80,179

Accumulated Other Comprehensive Income

-3,298
-4,254
-3,324
-2,349
-1,479
-1,232
-389
-7,367
-335
169
1,115
1,415
994
593
441
779
1,008
-287
-32
-392
-1,189
-854
-1,000
-1,477
-1,547
-1,659
-691
705
1,496
1,222
200
530
-754
-5,739
-10,892
-2,943
-977
794
1,205
1,256
2,200
700
700
1,600
-700
2,600
1,500
900
1,500
3,600
5,800
6,600
8,100
-2,100
400
2,100
3,800
600
1,400
-5,100
-1,200
-6,400
-2,700
-9,500
1,300
9,300
4,000
-8,900
-8,000
-9,800
-9,200
-15,500
-18,100
-16,400
-16,700
-13,300
-700
16,100
17,800
12,400
8,900
22,300
16,200
24,900
11,400
10,300
5,300
-24,200
-110,700
-144,200
-187,600
-162,500
-108,500
-79,800
-56,500
-12,200

-12,200

-56,500

-79,800

-108,500

-162,500

-187,600

-144,200

-110,700

-24,200

5,300

10,300

11,400

24,900

16,200

22,300

8,900

12,400

17,800

16,100

-700

-13,300

-16,700

-16,400

-18,100

-15,500

-9,200

-9,800

-8,000

-8,900

4,000

9,300

1,300

-9,500

-2,700

-6,400

-1,200

-5,100

1,400

600

3,800

2,100

400

-2,100

8,100

6,600

5,800

3,600

1,500

900

1,500

2,600

-700

1,600

700

2,200

1,256

1,205

794

-977

-2,943

-10,892

-5,739

-754

530

200

1,222

1,496

705

-691

-1,659

-1,547

-1,477

-1,000

-854

-1,189

-392

-32

-287

1,008

779

441

593

994

1,415

1,115

169

-335

-7,367

-389

-1,232

-1,479

-2,349

-3,324

-4,254

-3,298

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
900,712
954,855
1,024,273
1,170,800
1,238,000
1,287,500
1,316,900
1,419,600
1,487,400
1,616,800
1,742,800
1,880,400
1,993,000
2,078,900
2,240,100
2,378,500
2,428,000
2,450,700
2,519,900
2,629,100
2,509,600
2,741,800
2,896,800
3,024,300
3,147,800
3,332,200
3,429,800
3,739,500
3,979,200
4,135,000
4,211,800
3,872,200
4,049,800
4,190,400
4,679,200
4,817,100
4,928,800
5,063,200
5,170,300
5,328,800
5,430,100
5,600,900
5,756,800
5,926,800
6,085,100
6,304,300
6,445,200
6,627,300
6,804,400
7,015,100
7,164,000
7,354,600
7,484,000
7,684,800
7,703,900
7,928,400
8,150,800
0
0

8,150,800

7,928,400

7,703,900

7,684,800

7,484,000

7,354,600

7,164,000

7,015,100

6,804,400

6,627,300

6,445,200

6,304,300

6,085,100

5,926,800

5,756,800

5,600,900

5,430,100

5,328,800

5,170,300

5,063,200

4,928,800

4,817,100

4,679,200

4,190,400

4,049,800

3,872,200

4,211,800

4,135,000

3,979,200

3,739,500

3,429,800

3,332,200

3,147,800

3,024,300

2,896,800

2,741,800

2,509,600

2,629,100

2,519,900

2,450,700

2,428,000

2,378,500

2,240,100

2,078,900

1,993,000

1,880,400

1,742,800

1,616,800

1,487,400

1,419,600

1,316,900

1,287,500

1,238,000

1,170,800

1,024,273

954,855

900,712

Treasury Stock

-136

Other Stockholders Equity

135,781
180,171
187,859
189,545
191,109
192,151
193,669
0
195,994
197,586
199,391
191,020
192,412
334,162
337,738
416,559
420,675
421,911
426,390
430,226
437,315
440,064
452,098
465,021
476,767
494,576
516,921
537,943
568,929
606,652
655,557
694,597
744,236
790,215
847,215
871,846
868,807
900,712
954,855
1,024,273
1,170,800
1,238,000
1,287,500
1,316,900
1,419,600
1,487,400
1,616,800
1,742,800
1,880,400
1,993,000
2,078,900
2,240,100
2,378,500
2,428,000
2,450,700
2,519,900
2,629,100
2,509,600
2,741,800
2,896,800
3,024,300
3,147,800
3,332,200
3,429,800
3,739,500
3,979,200
4,135,000
4,211,800
3,872,200
4,049,800
4,190,400
4,679,200
4,817,100
4,928,800
5,063,200
5,170,300
5,328,800
5,430,100
5,600,900
5,756,800
5,926,800
6,085,100
6,304,300
6,445,200
6,627,300
6,804,400
7,015,100
7,164,000
7,409,200
7,543,400
7,743,400
7,774,600
8,004,900
8,150,800
8,385,900
8,576,400

8,576,400

8,385,900

8,150,800

8,004,900

7,774,600

7,743,400

7,543,400

7,409,200

7,164,000

7,015,100

6,804,400

6,627,300

6,445,200

6,304,300

6,085,100

5,926,800

5,756,800

5,600,900

5,430,100

5,328,800

5,170,300

5,063,200

4,928,800

4,817,100

4,679,200

4,190,400

4,049,800

3,872,200

4,211,800

4,135,000

3,979,200

3,739,500

3,429,800

3,332,200

3,147,800

3,024,300

2,896,800

2,741,800

2,509,600

2,629,100

2,519,900

2,450,700

2,428,000

2,378,500

2,240,100

2,078,900

1,993,000

1,880,400

1,742,800

1,616,800

1,487,400

1,419,600

1,316,900

1,287,500

1,238,000

1,170,800

1,024,273

954,855

900,712

868,807

871,846

847,215

790,215

744,236

694,597

655,557

606,652

568,929

537,943

516,921

494,576

476,767

465,021

452,098

440,064

437,315

430,226

426,390

421,911

420,675

416,559

337,738

334,162

192,412

191,020

199,391

197,586

195,994

193,669

192,151

191,109

189,545

187,859

180,171

135,781

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
Accounts Payable	188,700	147,000	121,200	81,600	1,083,300	100,700	82,500	68,500	52,600	61,600	46,200	57,600	45,800	35,600	27,594	20,501	29,791	11,092	7,950	4,485	12,455	9,282	8,300	7,128	2,722	-
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	-
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	-
Accumulated Other Comprehensive Income	-12,200	-162,500	-24,200	24,900	12,400	-13,300	-15,500	-8,900	-9,500	-5,100	2,100	6,600	900	1,600	1,256	-2,943	530	705	-1,477	-392	779	1,415	-335	-2,349	-1,176	-
Additional Paid In Capital	0	0	0	0	0	0	4,679,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Lease Obligations	0	0	87,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Stock	400	400	400	100	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	7,703,900	7,164,000	6,445,200	5,756,800	5,170,300	4,679,200	4,211,800	3,429,800	2,896,800	2,519,900	0	1,742,800	1,316,900	1,024,273	0	0	0	0	0	0	0	0	0	0	-
Cash	2,750,100	1,581,200	1,290,900	1,622,600	1,167,600	4,834,400	3,846,500	4,837,900	3,347,800	2,497,000	782,100	2,920,500	2,171,800	1,608,900	1,171,980	194,623	122,825	34,390	5,508	5,771	11,335	17,607	10,487	22,657	4,106	-
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	-
Cash And Short Term Investments	5,223,200	6,741,500	8,619,500	6,869,100	5,845,200	4,834,400	3,846,500	4,837,900	3,347,800	2,497,000	1,403,500	2,920,500	2,171,800	1,608,900	1,171,980	451,369	427,467	239,743	129,187	132,038	112,949	50,839	66,661	89,441	26,260	-
Common Stock	400	400	400	100	100	100	100	0	0	0	0	0	0	0	38	39	38	37	36	34	33	36	36	36	7	-
Common Stock Shares Outstanding	357,400	362,000	365,800	360,900	358,500	356,400	348,900	353,700	341,100	339,300	360,968	369,900	361,800	362,700	352,845	359,487	351,189	342,837	337,392	314,784	212,634	164,061	161,172	107,082	108,843	81,428
Common Stock Total Equity	0	400	400	100	100	100	100	0	0	0	0	0	0	0	38	39	38	37	36	34	33	36	36	36	0	-
Current Deferred Revenue	446,100	438,300	414,000	382,400	365,200	327,300	302,800	249,900	230,100	221,900	200,100	186,400	155,200	126,900	100,517	77,981	53,817	36,559	25,313	15,372	11,345	4,838	3,870	0	0	-
Deferred Long Term Asset Charges	0	0	0	0	425,600	428,600	87,300	150,900	167,800	136,200	126,100	0	69,100	73,300	53,341	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Liab	0	72,300	71,800	53,100	51,500	34,200	31,400	0	0	0	0	0	0	0	1,066	0	0	0	0	0	0	0	0	0	0	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Good Will	348,700	348,500	343,600	336,700	307,200	240,600	201,100	201,100	201,100	198,000	137,400	138,100	116,900	116,900	110,740	110,740	110,740	118,240	124,638	143,332	143,106	0	0	0	0	-
Intangible Assets	636,700	49,800	70,500	77,400	112,100	66,700	26,000	31,500	49,700	74,100	94,100	103,400	71,000	66,100	56,230	56,224	23,474	5,814	129,991	149,553	151,195	2,568	3,308	4,086	0	-
Inventory	1,220,600	893,200	587,100	601,500	595,500	409,000	241,200	182,300	167,900	181,700	179,600	121,500	112,100	86,800	57,600	63,460	32,416	24,295	15,170	5,966	8,788	8,738	6,182	6,076	2,861	-
Liabilities And Stockholders Equity	15,441,500	12,974,000	13,555,000	11,168,900	9,733,200	7,846,700	5,758,000	6,486,900	4,907,300	3,959,400	3,950,300	4,059,200	3,063,100	2,390,400	1,809,716	1,474,624	1,039,998	671,790	501,587	354,229	314,994	91,581	100,361	112,421	34,455	28,167
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	695	1,838	771	1,861	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	-
Long Term Investments	2,120,000	2,623,600	4,415,500	1,757,700	2,623,500	1,771,300	1,885,900	2,283,300	1,788,000	1,264,500	1,350,400	0	1,142,600	698,500	616,545	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	-
Net Debt	-2,660,300	-1,487,400	-1,203,900	-1,542,700	-1,091,200	-4,834,400	-3,846,500	-4,837,900	-3,347,800	-2,497,000	-782,100	-2,920,500	-2,171,800	-1,608,900	-1,171,980	-194,623	-122,825	-34,390	-5,508	-5,162	-9,610	-14,258	-8,085	-18,777	33	2,438
Net Invested Capital	13,307,600	11,041,900	11,901,100	9,731,500	8,263,800	6,678,800	4,725,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Receivables	1,267,500	942,100	782,700	645,500	645,200	682,300	511,900	430,200	394,300	315,100	301,400	370,300	297,900	246,800	205,384	170,107	130,370	94,680	52,849	35,443	26,820	16,887	13,248	6,444	2,044	-
Net Tangible Assets	0	9,983,300	11,607,900	8,891,200	7,515,200	6,177,200	4,364,400	5,433,900	3,995,600	3,055,100	3,269,900	0	2,457,700	1,854,400	1,370,313	0	0	0	0	0	0	0	0	0	0	-
Net Working Capital	6,229,300	6,715,400	8,385,800	5,660,700	3,632,400	3,512,600	2,106,800	4,741,300	3,322,200	2,413,800	1,551,500	2,933,200	2,164,300	1,671,300	1,162,531	539,374	477,821	293,784	150,668	138,299	117,754	52,562	67,922	83,836	22,023	-
Non Current Assets Total	7,553,500	4,397,200	3,565,700	3,052,800	2,221,700	1,492,400	1,071,100	1,036,500	997,300	965,600	2,017,900	646,900	481,300	366,100	374,752	770,734	430,407	297,339	292,932	177,545	163,046	12,956	11,142	8,755	2,709	-
Non Current Liabilities Other	106,100	439,300	453,700	444,600	418,300	338,600	327,100	112,600	95,900	78,800	68,000	0	96,900	79,200	68,599	0	0	0	0	0	0	0	0	0	0	-
Non Current Liabilities Total	385,500	439,300	224,100	139,000	159,700	338,600	327,100	112,600	95,900	78,800	68,000	77,500	96,900	79,200	69,665	43,342	19,554	1,418	1,009	912	1,843	1,838	771	1,861	2,521	2,438
Non Currrent Assets Other	0	-1,613,700	-3,511,200	-986,600	-2,407,500	-1,760,100	-1,716,300	-2,057,200	-1,591,700	-1,055,600	0	-1,425,400	-1,050,700	-682,400	-538,954	-150	1,375	74	957	927	1,563	0	0	4,086	0	-
Noncontrolling Interest In Consolidated Entity	0	70,700	50,400	27,600	20,900	8,700	1,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Assets	0	1,183,600	13,555,000	2,127,000	680,500	622,900	241,800	262,200	240,900	156,000	148,300	106,800	75,000	73,300	53,832	36,245	20,186	22,793	36,264	927	1,563	0	0	0	0	-
Other Current Assets	176,700	164,300	271,100	267,500	200,200	178,800	97,200	83,300	73,500	82,600	38,300	67,300	27,100	31,800	28,209	18,954	19,338	15,733	11,449	3,237	3,391	2,161	3,128	1,705	581	-
Other Current Liab	998,600	1,251,900	1,047,900	923,900	568,900	692,100	274,000	247,000	202,300	215,600	129,500	152,500	120,600	112,100	75,723	66,034	48,162	33,016	24,724	17,919	9,364	10,432	7,496	10,683	5,383	-
Other Liab	0	369,700	414,000	386,600	349,600	338,600	333,600	112,600	95,900	78,800	68,000	77,500	96,900	79,200	69,665	43,342	19,554	1,418	1,009	912	1,148	0	0	0	0	-
Other Stockholder Equity	8,576,400	7,774,600	7,214,400	6,472,800	5,777,700	5,170,300	4,679,200	4,211,800	3,429,800	2,896,800	2,519,900	2,240,100	1,742,800	1,316,900	1,024,273	871,846	694,597	537,943	465,021	430,226	416,559	191,020	195,994	189,545	98,508	77,328
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	-
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	-
Property Plant And Equipment Gross	5,099,600	3,612,100	2,845,000	1,577,000	1,272,900	812,000	613,100	458,400	432,100	387,400	309,900	241,800	197,200	159,800	125,741	117,021	68,093	59,939	52,225	27,065	10,288	10,388	7,834	4,669	0	-
Property Plant And Equipment Net	3,537,600	2,374,200	1,876,400	1,577,300	1,272,900	812,000	613,100	458,400	432,100	387,400	309,900	241,800	197,200	159,800	125,741	117,021	68,093	59,939	52,225	27,065	10,288	10,388	7,834	4,669	2,709	-
Property Plant Equipment	0	2,374,200	1,876,400	1,577,300	1,272,900	812,000	613,100	458,400	432,100	387,400	309,900	241,800	197,200	159,800	125,741	117,021	68,093	59,939	52,225	27,065	10,288	10,388	7,834	4,669	0	-
Retained Earnings	4,743,000	3,500,100	4,760,900	3,261,300	2,494,500	1,521,700	61,400	1,574,900	899,200	487,700	979,400	1,333,400	901,900	718,900	511,716	397,824	193,509	51,020	-20,989	-114,936	-138,414	-128,791	-110,370	-93,670	-75,147	-56,732
Retained Earnings Total Equity	0	3,500,100	4,760,900	3,261,300	2,494,500	1,521,700	61,400	1,574,900	899,200	487,700	979,400	0	901,900	718,900	511,716	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	-
Short Long Term Debt Total	89,800	93,800	87,000	79,900	76,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	609	1,725	3,349	2,402	3,880	4,139	2,438
Short Term Debt	25,300	24,200	20,400	21,900	-568,900	39,100	371,900	143,700	102,800	80,900	5,100	82,600	95,900	78,400	68,599	0	0	0	0	609	1,030	1,511	1,631	2,019	1,618	-
Short Term Investments	2,473,100	2,541,000	2,940,000	3,548,900	2,054,100	2,205,200	1,312,400	1,518,000	845,200	632,200	621,400	770,700	563,400	630,600	333,998	256,746	304,642	205,353	123,679	126,267	101,614	33,232	56,174	66,784	22,154	-
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	-
Total Assets	15,441,500	12,974,000	13,555,000	11,168,900	9,733,200	7,846,700	5,758,000	6,486,900	4,907,300	3,959,400	3,950,300	4,059,200	3,063,100	2,390,400	1,809,716	1,474,624	1,039,998	671,790	501,587	354,229	314,994	91,581	100,361	112,421	34,455	28,167
Total Current Assets	7,888,000	8,576,800	9,989,300	8,116,100	7,511,500	6,354,300	4,686,900	5,450,400	3,910,000	2,993,800	1,932,400	3,412,300	2,581,800	2,024,300	1,434,964	703,890	609,591	374,451	208,655	176,684	151,948	78,625	89,219	103,666	31,746	-
Total Current Liabilities	1,658,700	1,861,400	1,603,500	1,409,800	1,448,500	1,159,200	1,031,200	709,100	587,800	580,000	380,900	479,100	417,500	353,000	272,433	164,516	131,770	80,667	57,987	38,385	34,194	26,063	21,297	19,830	9,723	-
Total Liab	2,044,200	1,861,400	1,603,500	1,409,800	1,448,500	1,159,200	1,031,200	709,100	587,800	580,000	448,900	479,100	417,500	353,000	272,433	207,858	151,324	82,085	58,996	39,297	36,037	27,901	22,068	21,691	12,244	2,438
Total Permanent Equity	0	0	0	0	0	0	4,726,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Stockholder Equity	13,307,600	11,112,600	11,951,500	9,759,100	8,284,700	6,687,500	4,726,800	5,777,800	4,319,500	3,379,400	3,501,400	3,580,100	2,645,600	2,037,400	1,537,283	1,266,766	888,674	589,705	442,591	314,932	278,957	63,680	78,293	90,730	22,211	20,596
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-136	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	-

	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
Accounts Payable	188,700	196,200	199,700	16,900	147,000	164,200	149,700	128,100	121,200	120,000	117,900	103,100	81,600	116,000	965,700	994,400	1,083,300	1,018,600	913,500	130,600	100,700	96,400	102,200	96,300	82,500	80,400	74,200	74,000	68,500	60,600	64,800	57,900	52,600	58,000	64,700	67,900	61,600	53,600	58,900	57,000	46,200	62,000	67,200	67,900	57,600	56,100	54,600	49,800	45,800	43,200	37,500	43,200	35,600	35,700	41,600	34,400	27,594	24,968	26,555	21,209	20,501	26,159	20,018	24,042	29,791	22,260	16,214	14,165	11,092	10,187	5,769	9,144	7,950	7,497	5,382	6,482	4,485	5,214	4,311	4,670	12,455	11,420	17,204	10,142	9,282	9,099	8,033	8,300	8,300	6,182	6,935	5,540	7,128	5,225	4,825	3,455
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
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
Accumulated Other Comprehensive Income	-12,200	-56,500	-79,800	-108,500	-162,500	-187,600	-144,200	-110,700	-24,200	5,300	10,300	11,400	24,900	16,200	22,300	8,900	12,400	17,800	16,100	-700	-13,300	-16,700	-16,400	-18,100	-15,500	-9,200	-9,800	-8,000	-8,900	4,000	9,300	1,300	-9,500	-2,700	-6,400	-1,200	-5,100	1,400	600	3,800	2,100	400	-2,100	8,100	6,600	5,800	3,600	1,500	900	1,500	2,600	-700	1,600	700	700	2,200	1,256	1,205	794	-977	-2,943	-10,892	-5,739	-754	530	200	1,222	1,496	705	-691	-1,659	-1,547	-1,477	-1,000	-854	-1,189	-392	-32	-287	1,008	779	441	593	994	1,415	1,115	169	-335	-7,367	-389	-1,232	-1,479	-2,349	-3,324	-4,254	-3,298
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	4,679,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Capital Stock	400	400	400	400	400	400	400	400	400	400	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,150,800	7,928,400	7,703,900	7,684,800	7,484,000	7,354,600	7,164,000	7,015,100	6,804,400	6,627,300	6,445,200	6,304,300	6,085,100	5,926,800	5,756,800	5,600,900	5,430,100	5,328,800	5,170,300	5,063,200	4,928,800	4,817,100	4,679,200	4,190,400	4,049,800	3,872,200	4,211,800	4,135,000	3,979,200	3,739,500	3,429,800	3,332,200	3,147,800	3,024,300	2,896,800	2,741,800	2,509,600	2,629,100	2,519,900	2,450,700	2,428,000	2,378,500	2,240,100	2,078,900	1,993,000	1,880,400	1,742,800	1,616,800	1,487,400	1,419,600	1,316,900	1,287,500	1,238,000	1,170,800	1,024,273	954,855	900,712	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,750,100	3,602,000	3,435,400	371,400	1,581,200	1,538,000	1,536,100	1,103,100	1,290,900	1,346,700	1,615,500	1,401,800	1,622,600	1,370,600	2,035,600	1,223,800	1,167,600	969,600	5,148,200	5,064,600	857,900	4,570,500	4,259,600	4,068,200	3,846,500	3,802,000	3,423,300	3,146,800	4,837,900	4,561,300	4,224,900	980,500	3,347,800	3,125,200	2,868,600	2,667,000	600,300	2,262,700	2,043,400	814,000	782,100	2,532,300	3,027,200	3,116,000	2,920,500	396,200	2,631,200	2,371,000	465,800	1,887,300	1,822,000	449,800	279,800	1,620,600	1,588,200	1,395,500	221,437	1,023,984	902,061	96,605	194,623	227,614	223,023	230,808	122,825	86,393	65,712	52,755	34,390	53,445	31,061	5,216	5,508	8,729	7,972	11,025	5,771	11,268	8,230	13,346	11,335	12,478	17,681	22,774	17,607	18,340	23,872	10,487	10,487	24,619	23,484	13,670	22,657	25,965	40,484	39,046
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
Cash And Short Term Investments	5,223,200	6,475,700	7,131,700	6,578,600	6,741,500	7,392,000	8,175,400	8,401,800	8,619,500	8,219,700	7,734,800	7,230,500	6,869,100	6,361,400	6,074,800	5,896,100	5,845,200	5,430,600	5,148,200	5,064,600	3,063,100	4,570,500	4,259,600	4,068,200	3,846,500	3,802,000	3,423,300	3,146,800	4,837,900	4,561,300	4,224,900	1,808,400	3,347,800	3,125,200	2,868,600	2,667,000	1,232,500	2,262,700	2,043,400	1,559,300	1,403,500	2,532,300	3,027,200	3,116,000	2,920,500	1,141,400	2,631,200	2,371,000	1,029,200	1,887,300	1,822,000	1,089,800	910,400	1,620,600	1,588,200	1,395,500	555,435	1,023,984	902,061	340,016	451,369	408,222	339,637	386,968	427,467	368,958	305,886	274,699	239,743	201,808	160,518	165,447	129,187	189,420	158,542	149,452	132,038	121,215	106,414	115,835	112,949	35,449	42,850	45,009	50,839	48,505	55,371	66,661	0	64,274	74,471	76,916	89,441	87,683	87,340	54,631
Common Stock	400	400	400	400	400	400	400	400	400	400	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	38	38	38	38	39	39	39	39	38	38	38	37	37	37	37	37	36	35	35	35	34	34	34	33	33	27	27	37	36	36	36	36	36	36	36	36	36	36	35	7
Common Stock Shares Outstanding	358,200	358,200	357,300	356,000	357,000	360,500	363,900	366,700	367,400	366,800	364,800	363,900	363,300	361,800	359,100	359,400	359,100	357,900	357,900	358,800	345,000	357,600	341,100	354,000	336,600	350,400	345,600	346,500	358,200	357,300	352,800	346,500	342,900	342,000	340,200	339,300	330,300	332,100	338,400	352,832	349,486	353,700	367,200	372,600	370,800	369,900	371,700	369,000	355,500	360,900	362,700	361,800	351,900	364,500	364,500	361,800	349,200	353,205	347,013	353,700	349,947	360,972	359,820	358,623	347,238	353,439	347,913	345,582	335,601	343,656	343,116	340,416	327,411	342,117	335,196	333,189	310,653	317,745	307,890	307,233	299,538	241,902	170,757	165,879	165,879	164,246	163,724	163,386	163,386	162,252	160,448	159,305	159,305	155,993	89,136	100,332
Common Stock Total Equity	0	0	400	400	400	400	400	400	400	400	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	38	38	38	38	39	39	39	39	38	38	38	37	37	37	37	37	36	35	35	35	34	34	34	33	33	27	27	37	36	36	36	36	36	36	36	36	36	36	0	0
Current Deferred Revenue	446,100	394,800	450,600	462,500	438,300	395,600	413,700	424,400	414,000	383,500	392,000	389,200	382,400	358,100	371,500	366,200	365,200	307,600	306,800	329,200	294,300	307,100	302,200	280,000	302,800	295,100	298,000	286,600	249,900	236,100	233,900	225,300	230,100	229,500	223,900	217,400	216,600	219,800	225,900	226,500	200,100	193,800	198,200	193,600	186,400	172,200	168,900	161,300	154,200	144,800	135,500	131,700	126,100	117,800	108,800	104,200	99,451	91,625	89,509	96,861	77,981	71,465	64,914	59,248	53,817	47,624	42,301	38,975	36,559	33,523	30,272	27,654	25,313	20,655	18,396	16,862	15,372	14,092	13,385	12,998	11,345	8,824	7,131	6,140	4,838	4,515	3,706	3,870	0	3,434	2,198	2,340	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	425,600	424,100	369,100	392,400	428,600	411,500	415,400	426,800	87,300	119,800	115,100	119,600	150,900	133,100	126,800	135,600	167,800	139,600	148,900	139,100	136,200	143,200	143,700	131,600	126,100	121,600	106,200	95,600	87,000	88,100	74,600	67,500	69,100	69,100	77,300	65,500	73,300	65,200	53,200	48,400	53,341	51,216	44,124	0	0	0	0	0	0	0	0	0	0	0	0	0	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	72,300	0	0	0	71,800	0	0	0	53,100	48,500	47,900	51,100	51,500	43,400	39,800	37,100	34,200	31,300	31,000	30,900	31,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,066	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Good Will	348,700	348,100	348,600	348,600	348,500	348,200	349,100	343,200	343,600	344,300	344,300	344,500	336,700	336,300	336,800	335,000	307,200	304,700	244,900	247,500	240,600	236,100	210,900	201,100	201,100	201,100	201,100	201,100	201,100	201,100	201,100	201,100	201,100	201,100	201,100	198,000	198,000	198,000	198,000	147,500	137,400	137,400	137,400	138,000	138,100	138,100	138,100	138,100	116,900	116,900	116,900	116,900	116,900	116,900	110,700	110,700	110,740	110,740	110,740	110,740	110,740	110,740	110,740	110,740	110,740	112,170	118,207	118,207	118,240	122,453	124,035	124,638	124,638	141,750	142,407	143,332	143,332	143,332	143,332	143,332	143,106	142,995	142,658	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	636,700	638,400	693,100	5,000	49,800	57,100	66,200	64,100	70,500	77,200	84,000	87,200	77,400	88,900	101,000	488,000	112,100	415,700	383,800	378,700	66,700	237,400	221,300	203,800	26,000	154,800	152,400	140,200	31,500	135,800	144,300	131,500	49,700	130,000	125,600	120,300	74,100	134,600	138,000	112,400	94,100	91,300	92,100	99,800	103,400	69,800	75,300	81,400	71,000	75,400	68,100	72,500	66,100	70,600	49,800	52,400	56,230	60,111	63,992	68,076	56,224	57,582	39,402	21,985	23,474	4,525	4,955	5,384	5,814	6,243	6,672	5,737	129,991	146,571	147,695	149,087	149,553	150,020	150,487	150,954	151,195	152,912	153,501	3,370	2,568	2,724	2,918	3,308	3,308	3,502	3,697	3,892	4,086	0	0	0
Inventory	1,220,600	1,147,500	1,005,200	946,600	893,200	837,100	724,000	653,000	587,100	584,900	569,700	576,800	601,500	662,900	645,500	620,300	595,500	579,600	512,800	468,300	409,000	370,100	331,500	283,600	241,200	225,200	214,200	213,500	182,300	183,500	169,200	163,000	167,900	194,000	201,300	202,400	181,700	198,900	202,400	185,500	179,600	200,100	169,300	135,500	121,500	125,800	119,400	118,800	112,100	108,600	100,100	93,300	86,800	85,000	74,000	68,500	57,600	56,646	59,247	64,383	63,460	52,498	42,594	38,832	32,416	26,773	24,040	26,261	24,295	22,330	24,638	20,368	15,170	12,220	8,836	7,566	5,966	6,596	7,162	7,983	8,788	12,746	13,601	8,282	8,738	9,871	7,230	6,182	6,182	7,595	6,791	6,523	6,076	5,256	4,796	3,573
Liabilities And Stockholders Equity	15,441,500	14,712,700	13,903,300	13,053,200	12,974,000	13,260,800	13,705,200	13,678,400	13,555,000	12,934,600	12,297,000	11,540,400	11,168,900	10,617,500	10,103,600	9,891,100	9,733,200	9,131,300	8,531,600	8,234,900	7,846,700	7,318,600	6,849,600	6,426,200	5,758,000	5,644,600	5,250,800	4,808,000	6,486,900	6,174,700	5,780,800	5,306,300	4,907,300	4,682,300	4,354,500	4,126,200	3,959,400	3,651,500	3,404,600	4,194,200	3,950,300	3,697,400	4,201,300	4,235,800	4,059,200	3,732,200	3,626,100	3,332,900	3,063,100	2,746,000	2,649,900	2,568,300	2,390,400	2,351,800	2,243,100	2,016,600	1,809,716	1,637,811	1,501,282	1,386,053	1,474,624	1,364,671	1,231,387	1,123,285	1,039,998	912,247	808,698	724,168	671,790	613,993	565,838	524,503	501,587	427,915	389,522	369,200	354,229	336,823	322,460	316,339	314,994	238,764	245,483	89,416	91,581	92,855	93,535	100,361	100,361	100,412	103,003	105,006	112,421	111,067	106,572	65,081
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	69,600	71,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	52	230	435	695	950	1,235	1,531	1,838	1,792	971	1,282	771	963	772	1,473	1,861	1,241	2,038	2,471
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	2,120,000	1,044,900	1,332,500	1,886,400	2,623,600	3,078,100	3,738,000	4,416,200	4,415,500	4,131,500	3,295,600	2,673,000	1,757,700	1,643,200	1,586,500	2,642,700	2,623,500	2,533,000	2,429,800	2,255,900	1,771,300	1,434,600	1,327,100	1,550,900	1,885,900	1,655,200	1,599,900	1,682,000	2,283,300	2,346,000	2,041,100	1,992,700	1,788,000	1,385,500	1,307,100	1,304,800	1,264,500	1,248,400	1,064,800	1,404,300	1,350,400	1,319,400	1,737,000	1,757,800	1,596,100	1,559,700	1,418,700	1,399,700	1,142,600	976,700	828,100	667,200	698,500	639,700	620,300	652,100	616,545	511,187	521,399	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	-2,660,300	-3,602,000	-3,435,400	-371,400	-1,487,400	-1,538,000	-1,536,100	-1,103,100	-1,203,900	-1,346,700	-1,615,500	-1,401,800	-1,622,600	-1,094,900	-2,035,600	-1,223,800	-1,167,600	-969,600	-5,148,200	-5,064,600	-857,900	-4,570,500	-4,259,600	-4,068,200	-3,846,500	-3,802,000	-3,423,300	-3,146,800	-4,837,900	-4,561,300	-4,224,900	-980,500	-3,347,800	-3,125,200	-2,868,600	-2,667,000	-600,300	-2,262,700	-2,043,400	-814,000	-782,100	-2,532,300	-3,027,200	-3,116,000	-2,920,500	-396,200	-2,631,200	-2,371,000	-465,800	-1,887,300	-1,822,000	-449,800	-279,800	-1,620,600	-1,588,200	-1,395,500	-221,437	-1,023,984	-902,061	-96,605	-194,623	-227,614	-223,023	-230,808	-122,825	-86,393	-65,712	-51,355	-34,390	-53,445	-31,061	-5,216	-4,508	-8,694	-7,801	-10,678	-5,162	-10,403	-7,096	-11,913	-9,610	-10,372	-15,202	-19,809	-14,258	-15,162	-21,879	-8,085	-8,085	-21,753	-20,602	-10,125	-18,777	-22,783	-36,700	-34,794
Net Invested Capital	13,307,600	12,539,000	11,879,100	11,217,700	11,041,900	11,515,400	12,023,000	12,102,300	11,901,100	11,410,900	10,837,500	10,153,500	9,731,500	9,257,800	8,740,500	8,506,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	1,267,500	1,097,100	904,200	925,300	942,100	849,600	838,500	906,100	782,700	695,000	699,900	654,300	645,500	588,600	508,800	527,600	645,200	639,000	633,400	547,600	682,300	580,400	532,500	474,900	511,900	468,000	481,100	412,900	430,200	432,000	403,800	325,900	394,300	334,700	321,500	292,400	315,100	259,100	271,100	239,100	301,400	280,600	358,600	345,100	370,300	336,200	323,200	299,700	297,900	265,100	250,300	259,900	246,800	207,900	194,700	180,200	205,384	186,530	175,216	139,341	170,107	173,708	162,088	135,690	130,370	120,456	105,649	90,482	94,680	71,679	70,530	56,975	52,849	43,756	39,646	31,407	35,443	26,361	24,705	27,324	26,820	23,656	21,855	20,895	16,887	19,044	15,213	13,248	13,248	15,557	9,686	10,266	6,444	8,373	5,285	2,780
Net Tangible Assets	0	12,149,100	10,837,400	10,152,800	9,983,300	11,225,800	11,733,300	11,096,900	11,607,900	10,770,900	10,409,200	9,282,000	8,891,200	8,453,800	7,938,200	7,683,700	7,515,200	7,041,000	6,636,600	6,398,000	6,177,200	5,807,100	5,428,400	5,092,200	4,364,400	4,602,000	4,168,800	3,786,200	5,433,900	5,204,900	4,836,100	4,417,800	3,995,600	3,784,100	3,466,000	3,267,100	3,055,100	2,751,600	2,486,400	3,396,700	3,269,900	3,035,600	3,489,300	3,534,400	3,338,600	3,085,600	2,969,000	2,707,800	2,457,700	2,176,700	2,103,500	2,041,500	1,854,400	1,820,800	1,763,900	1,606,900	1,370,313	1,219,411	1,096,452	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,229,300	7,226,500	7,097,500	6,691,500	6,715,400	7,391,900	8,115,100	4,691,000	8,385,800	8,024,500	7,586,900	7,111,400	5,660,700	5,405,600	4,974,200	3,745,600	6,063,000	5,630,600	5,380,900	5,278,400	3,512,600	4,902,400	4,558,600	4,333,700	3,655,700	3,810,500	3,390,100	3,092,700	4,741,300	4,543,900	4,198,600	1,953,500	3,322,200	3,086,800	2,829,600	2,621,000	1,345,800	2,153,400	1,934,700	1,618,100	1,551,500	2,579,900	3,072,600	3,133,000	2,933,200	2,724,400	2,630,100	2,383,900	1,145,700	1,884,000	1,811,000	1,772,800	1,002,000	1,034,200	1,538,200	845,700	643,860	595,626	906,426	401,527	539,374	504,722	430,123	462,748	477,821	435,038	364,061	330,321	293,784	250,275	214,537	212,322	150,668	204,648	171,162	154,448	138,299	122,201	109,867	124,469	117,754	42,894	41,557	50,697	52,562	54,248	57,477	67,922	67,922	73,106	76,187	80,665	83,836	87,594	85,184	51,726
Non Current Assets Total	7,553,500	5,809,800	4,862,200	4,602,700	4,397,200	4,182,100	3,967,300	3,717,500	3,565,700	3,435,000	3,292,600	3,078,800	3,052,800	3,004,600	2,509,000	2,482,400	2,221,700	2,482,100	2,237,200	1,762,000	3,513,500	1,386,100	1,310,600	1,172,700	1,071,100	1,149,400	1,132,200	1,034,800	1,036,500	997,900	982,900	2,899,900	997,300	1,028,400	963,100	964,400	2,112,400	930,800	887,700	2,116,600	2,017,900	684,400	646,200	639,200	646,900	569,100	552,300	543,400	1,596,800	485,000	477,500	458,100	1,114,600	1,050,300	386,200	997,100	963,088	856,586	364,758	821,549	770,734	713,107	671,847	541,273	430,407	373,545	353,198	316,790	297,339	294,739	289,636	257,138	292,932	177,054	177,527	176,511	177,545	178,759	180,513	161,646	163,046	163,930	165,131	13,193	12,956	13,413	14,022	11,142	0	10,263	10,271	9,695	8,755	8,120	8,137	3,079
Non Current Liabilities Other	106,100	106,200	405,200	451,600	439,300	453,400	447,800	409,300	453,700	103,600	92,600	445,600	444,600	436,100	412,400	414,700	418,300	423,300	444,500	454,300	338,600	326,800	314,000	338,600	327,100	69,000	128,700	122,300	112,600	104,800	109,800	103,000	95,900	88,500	87,400	83,900	78,800	86,800	86,300	78,100	68,000	65,800	91,600	86,000	77,500	73,800	96,900	92,000	96,900	92,900	87,400	85,100	79,200	76,200	75,400	72,800	68,599	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	385,500	412,800	405,200	462,500	439,300	453,400	447,800	409,300	453,700	447,800	412,900	445,600	444,600	436,100	412,400	414,700	418,300	335,600	338,500	454,300	338,600	326,800	314,000	338,600	327,100	69,000	128,700	122,300	112,600	104,800	109,800	103,000	95,900	88,500	87,400	83,900	78,800	86,800	86,300	78,100	68,000	65,800	91,600	86,000	77,500	73,800	96,900	92,000	96,900	92,900	87,400	85,100	79,200	76,200	75,400	72,800	69,665	61,950	51,098	47,956	43,342	34,401	27,983	22,210	19,554	8,432	5,910	3,875	1,418	1,368	1,103	769	1,009	1,084	679	762	912	1,186	1,453	1,960	1,843	2,177	2,112	1,531	1,838	1,792	971	771	0	963	772	1,473	1,861	1,241	2,038	2,471
Non Currrent Assets Other	0	0	-316,200	-857,200	-1,613,700	-2,075,300	-2,745,000	-3,495,500	-3,511,200	-3,190,200	-2,392,900	-1,868,200	-986,600	-844,900	-1,230,100	-2,229,200	-2,407,500	-1,916,500	-1,839,000	-2,069,200	194,300	-1,442,500	-1,331,600	-1,668,000	-1,716,300	-1,411,500	-1,324,000	-1,465,300	-2,057,200	-2,129,600	-1,826,200	0	-1,591,700	-1,152,800	-1,128,500	-1,110,600	52,200	-1,027,600	-884,400	0	0	-1,198,100	-1,611,500	-1,611,500	-1,425,400	-1,447,300	-1,302,600	-1,278,400	0	-878,500	-742,900	-562,500	0	64,500	-549,600	45,700	491	51,537	-443,388	-18	-150	582	530	1,185	1,375	83	475	495	74	1,732	1,516	1,330	957	1,032	541	567	927	960	1,014	1,308	1,563	330	0	0	0	0	0	0	0	0	0	0	4,086	4,281	4,465	0
Noncontrolling Interest In Consolidated Entity	0	0	80,600	76,500	70,700	58,600	59,400	54,600	50,400	48,600	42,000	36,700	27,600	28,900	25,900	23,800	20,900	15,700	14,300	16,200	8,700	7,900	8,600	9,300	1,600	2,000	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
Other Assets	0	1,224,500	1,244,600	931,600	1,183,600	1,590,200	1,508,900	1,048,000	13,555,000	3,436,000	857,200	1,141,400	2,127,000	739,100	730,000	735,300	680,500	567,700	621,500	514,800	622,900	529,300	525,900	2,382,600	2,334,000	2,130,900	2,068,500	2,142,900	2,778,100	2,816,000	2,513,300	2,460,900	2,279,700	1,856,200	1,782,700	1,762,200	1,725,000	1,724,200	1,544,500	1,795,800	1,708,000	1,669,700	2,072,700	2,091,200	1,924,600	1,855,700	1,706,700	1,686,700	1,399,600	1,238,100	1,090,400	922,100	954,800	893,700	834,600	864,200	837,347	733,721	740,640	698,978	653,713	615,026	577,279	469,368	362,314	309,392	291,158	256,512	237,400	236,000	230,795	203,277	240,707	147,603	148,236	149,654	150,480	150,980	151,501	152,262	152,758	153,242	153,501	3,370	2,568	2,724	2,918	3,113	3,308	3,502	3,697	3,892	4,086	4,281	4,465	0
Other Current Assets	176,700	182,600	323,200	312,900	164,300	165,900	167,500	138,600	133,900	217,500	213,400	198,800	126,300	330,600	256,400	290,200	200,200	200,800	207,000	200,400	178,800	166,200	189,600	105,900	97,200	88,900	123,500	76,500	83,300	80,600	70,600	109,100	73,500	102,700	53,000	73,900	82,600	86,200	42,400	58,800	38,300	30,000	33,400	46,500	67,300	2,701,100	48,200	46,300	27,100	27,600	21,000	1,757,000	31,800	27,700	27,500	27,400	28,209	25,252	22,933	20,764	18,954	17,136	15,221	20,522	19,338	22,515	19,925	15,936	15,733	23,437	20,516	24,575	11,449	5,465	4,971	4,264	3,237	3,892	3,666	3,551	3,391	2,983	2,046	2,037	2,161	2,022	1,699	3,128	3,128	2,723	1,784	1,606	1,705	1,635	1,014	1,018
Other Current Liab	998,600	1,085,400	1,493,000	1,279,600	1,251,900	1,127,000	1,059,400	969,000	651,400	492,900	467,900	392,700	486,100	415,600	435,100	440,500	531,000	464,700	346,800	291,200	386,500	303,100	274,200	230,300	274,000	252,800	236,700	210,900	247,000	205,700	196,100	169,700	202,300	195,600	192,900	177,000	215,600	209,100	211,900	176,000	129,500	112,700	127,000	117,600	152,500	137,000	124,000	103,300	120,600	97,200	102,200	78,800	112,100	114,800	52,000	36,100	75,723	69,934	64,230	44,907	66,034	49,218	44,485	35,974	48,162	33,780	32,924	23,917	33,016	25,269	25,624	18,245	24,724	18,026	16,884	14,550	17,919	15,744	13,480	11,558	9,364	10,540	13,216	7,810	10,432	10,194	9,275	7,496	11,366	5,524	5,302	4,694	10,683	8,187	6,680	5,040
Other Liab	0	412,800	405,200	451,600	369,700	395,600	413,700	409,300	414,000	767,000	412,900	389,200	386,600	436,100	412,400	414,700	349,600	351,100	374,900	383,000	338,600	326,800	314,000	338,600	327,100	69,000	128,700	122,300	112,600	104,800	109,800	103,000	95,900	88,500	87,400	83,900	78,800	86,800	86,300	78,100	68,000	65,800	91,600	86,000	77,500	73,800	96,900	92,000	96,900	92,900	87,400	85,100	79,200	76,200	75,400	72,800	69,665	61,950	51,098	47,956	43,342	34,401	27,983	22,210	19,554	8,432	5,910	3,875	1,418	1,368	1,103	769	1,009	1,084	679	762	912	1,134	1,223	1,525	1,148	1,227	877	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	8,576,400	8,385,900	8,150,800	8,004,900	7,774,600	7,743,400	7,543,400	7,409,200	7,164,000	7,015,100	6,804,400	6,627,300	6,445,200	6,304,300	6,085,100	5,926,800	5,756,800	5,600,900	5,430,100	5,328,800	5,170,300	5,063,200	4,928,800	4,817,100	4,679,200	4,190,400	4,049,800	3,872,200	4,211,800	4,135,000	3,979,200	3,739,500	3,429,800	3,332,200	3,147,800	3,024,300	2,896,800	2,741,800	2,509,600	2,629,100	2,519,900	2,450,700	2,428,000	2,378,500	2,240,100	2,078,900	1,993,000	1,880,400	1,742,800	1,616,800	1,487,400	1,419,600	1,316,900	1,287,500	1,238,000	1,170,800	1,024,273	954,855	900,712	868,807	871,846	847,215	790,215	744,236	694,597	655,557	606,652	568,929	537,943	516,921	494,576	476,767	465,021	452,098	440,064	437,315	430,226	426,390	421,911	420,675	416,559	337,738	334,162	192,412	191,020	199,391	197,586	195,994	0	193,669	192,151	191,109	189,545	187,859	180,171	135,781
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
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	23
Property Plant And Equipment Gross	5,099,600	4,545,200	0	0	3,612,100	0	0	0	0	1,737,000	1,651,200	1,592,900	1,577,000	1,509,700	1,450,300	1,369,200	1,272,900	1,136,800	1,032,400	935,400	812,000	746,400	688,800	661,900	613,100	584,800	540,100	497,400	458,400	447,300	440,100	439,000	432,100	427,300	408,600	404,700	387,400	335,400	326,700	320,800	309,900	294,200	267,600	249,900	241,800	223,400	216,100	210,100	197,200	196,000	194,200	162,600	159,800	156,600	144,400	132,900	125,741	122,865	122,584	122,571	117,021	98,081	94,568	71,905	68,093	64,153	62,040	60,278	59,939	58,739	58,841	53,861	52,225	29,451	29,291	26,857	27,065	27,779	29,012	9,384	10,288	10,688	11,630	9,823	10,388	10,689	11,104	7,834	7,834	6,761	6,574	5,803	4,669	3,839	0	0
Property Plant And Equipment Net	3,537,600	3,077,000	2,830,800	2,580,200	2,374,200	2,243,700	2,109,300	1,968,200	1,876,400	1,737,900	1,651,200	1,592,900	1,577,300	1,509,700	1,450,300	1,369,200	1,272,900	1,136,800	1,032,400	935,400	812,000	746,400	688,800	661,900	613,100	584,800	540,100	497,400	458,400	447,300	440,100	439,000	432,100	427,300	408,600	404,700	387,400	335,400	326,700	320,800	309,900	294,200	267,600	249,900	241,800	223,400	216,100	210,100	197,200	196,000	194,200	162,600	159,800	156,600	144,400	132,900	125,741	122,865	122,584	122,571	117,021	98,081	94,568	71,905	68,093	64,153	62,040	60,278	59,939	58,739	58,841	53,861	52,225	29,451	29,291	26,857	27,065	27,779	29,012	9,384	10,288	10,688	11,630	9,823	10,388	10,689	11,104	7,834	0	6,761	6,574	5,803	4,669	3,839	3,672	3,079
Property Plant Equipment	0	3,077,000	2,830,800	2,580,200	2,374,200	2,243,700	2,109,300	1,968,200	1,876,400	3,475,800	1,651,200	1,592,900	1,577,300	1,509,700	1,450,300	1,369,200	1,272,900	1,136,800	1,032,400	935,400	812,000	746,400	688,800	661,900	613,100	584,800	540,100	497,400	458,400	447,300	440,100	439,000	432,100	427,300	408,600	404,700	387,400	335,400	326,700	320,800	309,900	294,200	267,600	249,900	241,800	223,400	216,100	210,100	197,200	196,000	194,200	162,600	159,800	156,600	144,400	132,900	125,741	122,865	122,584	122,571	117,021	98,081	94,568	71,905	68,093	64,153	62,040	60,278	59,939	58,739	58,841	53,861	52,225	29,451	29,291	26,857	27,065	27,779	29,012	9,384	10,288	10,688	11,630	9,823	10,388	10,689	11,104	11,124	7,834	6,761	6,574	5,803	4,669	3,839	3,672	3,079
Retained Earnings	4,743,000	4,209,200	3,807,700	3,397,400	3,500,100	4,017,800	4,682,800	4,858,000	4,760,900	4,390,100	4,022,700	3,514,700	3,261,300	2,937,200	2,633,000	2,570,900	2,494,500	2,142,600	1,819,000	1,696,000	1,521,700	1,234,000	948,100	698,000	61,400	776,600	482,300	263,300	1,574,900	1,402,800	1,193,000	1,009,600	899,200	785,700	651,300	562,300	487,700	341,000	312,200	1,023,700	979,400	813,200	1,292,900	1,385,600	1,333,400	1,208,800	1,185,800	1,045,400	901,900	750,700	798,500	812,000	718,900	720,100	685,700	597,000	511,716	434,164	369,640	307,252	397,824	347,066	289,472	238,290	193,509	144,356	103,437	72,774	51,020	27,379	10,116	-6,566	-20,989	-70,515	-91,235	-105,964	-114,936	-126,618	-132,731	-137,561	-138,414	-133,559	-130,206	-131,084	-128,791	-126,191	-119,727	-110,370	-110,370	-106,118	-101,320	-97,077	-93,670	-88,689	-84,669	-80,179
Retained Earnings Total Equity	0	0	3,807,700	3,397,400	3,500,100	4,017,800	4,682,800	4,858,000	4,760,900	4,390,100	4,022,700	3,514,700	3,261,300	2,937,200	2,633,000	2,570,900	2,494,500	2,142,600	1,819,000	1,696,000	1,521,700	1,234,000	948,100	698,000	61,400	776,600	482,300	263,300	1,574,900	1,402,800	1,193,000	1,009,600	899,200	785,700	651,300	562,300	487,700	341,000	312,200	1,023,700	979,400	813,200	1,292,900	1,385,600	1,333,400	1,208,800	1,185,800	1,045,400	901,900	750,700	798,500	812,000	718,900	720,100	685,700	597,000	511,716	434,164	369,640	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
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,500	5,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	89,800	0	0	0	93,800	0	0	0	87,000	0	0	0	0	275,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,400	0	0	0	1,000	1,000	35	171	347	609	865	1,134	1,433	1,725	2,106	2,479	2,965	3,349	3,178	1,993	2,402	2,402	2,866	2,882	3,545	3,880	3,182	3,784	4,252
Short Term Debt	25,300	0	-199,700	0	24,200	0	0	0	416,900	478,700	439,700	465,200	459,700	441,100	-435,100	-440,500	-531,000	-772,300	-653,600	443,500	39,100	323,500	301,800	313,200	371,900	56,400	119,600	109,000	143,700	130,500	104,500	0	102,800	84,000	80,300	78,500	7,400	84,800	85,500	0	5,100	64,600	90,100	84,500	82,600	73,400	96,200	91,200	0	91,800	86,200	83,700	0	-1,000	116,300	-900	0	-928	49,804	0	0	0	0	0	0	0	0	0	0	0	0	0	0	35	171	347	609	813	904	998	1,030	1,156	1,244	1,434	1,511	1,386	1,022	1,631	1,631	1,903	2,110	2,072	2,019	1,941	1,746	1,781
Short Term Investments	2,473,100	2,873,700	2,363,800	2,549,200	2,541,000	2,781,000	2,909,900	2,892,200	2,940,000	2,785,300	2,823,700	3,155,700	3,548,900	3,347,600	2,452,700	2,029,600	2,054,100	1,928,000	1,928,100	1,933,000	2,205,200	2,127,600	1,729,000	1,542,600	1,312,400	1,271,800	1,126,900	756,200	1,518,000	1,193,700	990,300	827,900	845,200	871,500	646,100	661,100	632,200	521,300	471,000	745,300	621,400	626,100	857,500	930,700	770,700	745,200	728,100	645,400	563,400	612,400	611,900	640,000	630,600	598,900	547,900	429,800	333,998	306,702	207,241	243,411	256,746	180,608	116,614	156,160	304,642	282,565	240,174	221,944	205,353	148,363	129,457	160,231	123,679	180,691	150,570	138,427	126,267	109,947	98,184	102,489	101,614	22,971	25,169	22,235	33,232	30,165	31,499	56,174	56,174	39,655	50,987	63,246	66,784	61,718	46,856	15,585
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
Total Assets	15,441,500	14,712,700	13,903,300	13,053,200	12,974,000	13,260,800	13,705,200	13,678,400	13,555,000	12,934,600	12,297,000	11,540,400	11,168,900	10,617,500	10,103,600	9,891,100	9,733,200	9,131,300	8,531,600	8,234,900	7,846,700	7,318,600	6,849,600	6,426,200	5,758,000	5,644,600	5,250,800	4,808,000	6,486,900	6,174,700	5,780,800	5,306,300	4,907,300	4,682,300	4,354,500	4,126,200	3,959,400	3,651,500	3,404,600	4,194,200	3,950,300	3,697,400	4,201,300	4,235,800	4,059,200	3,732,200	3,626,100	3,332,900	3,063,100	2,746,000	2,649,900	2,568,300	2,390,400	2,351,800	2,243,100	2,016,600	1,809,716	1,637,811	1,501,282	1,386,053	1,474,624	1,364,671	1,231,387	1,123,285	1,039,998	912,247	808,698	724,168	671,790	613,993	565,838	524,503	501,587	427,915	389,522	369,200	354,229	336,823	322,460	316,339	314,994	238,764	245,483	89,416	91,581	92,855	93,535	100,361	100,361	100,412	103,003	105,006	112,421	111,067	106,572	65,081
Total Current Assets	7,888,000	8,902,900	9,041,100	8,450,500	8,576,800	9,078,700	9,737,900	9,960,900	9,989,300	9,499,600	9,004,400	8,461,600	8,116,100	7,612,900	7,594,600	7,408,700	7,511,500	6,649,200	6,294,400	6,472,900	4,333,200	5,932,500	5,539,000	5,253,500	4,686,900	4,495,200	4,118,600	3,773,200	5,450,400	5,176,800	4,797,900	2,406,400	3,910,000	3,653,900	3,391,400	3,161,800	1,847,000	2,720,700	2,516,900	2,077,600	1,932,400	3,013,000	3,555,100	3,596,600	3,412,300	3,163,100	3,073,800	2,789,500	1,466,300	2,261,000	2,172,400	2,110,200	1,275,800	1,301,500	1,856,900	1,019,500	846,628	781,225	1,136,524	564,504	703,890	651,564	559,540	582,012	609,591	538,702	455,500	407,378	374,451	319,254	276,202	267,365	208,655	250,861	211,995	192,689	176,684	158,064	141,947	154,693	151,948	74,834	80,352	76,223	78,625	79,442	79,513	89,219	89,219	90,149	92,732	95,311	103,666	102,947	98,435	62,002
Total Current Liabilities	1,658,700	1,676,400	1,943,600	1,759,000	1,861,400	1,686,800	1,622,800	1,521,500	1,603,500	1,475,100	1,417,500	1,350,200	1,409,800	1,330,800	1,337,200	1,360,600	1,448,500	1,018,600	913,500	1,194,500	820,600	1,030,100	980,400	919,800	1,031,200	684,700	728,500	680,500	709,100	632,900	599,300	452,900	587,800	567,100	561,800	540,800	501,200	567,300	582,200	459,500	380,900	433,100	482,500	463,600	479,100	438,700	443,700	405,600	320,600	377,000	361,400	337,400	273,800	267,300	318,700	173,800	202,768	185,599	230,098	162,977	164,516	146,842	129,417	119,264	131,770	103,664	91,439	77,057	80,667	68,979	61,665	55,043	57,987	46,213	40,833	38,241	38,385	35,863	32,080	30,224	34,194	31,940	38,795	25,526	26,063	25,194	22,036	21,297	21,297	17,043	16,545	14,646	19,830	15,353	13,251	10,276
Total Liab	2,044,200	2,089,200	1,943,600	1,759,000	1,861,400	1,686,800	1,622,800	1,521,500	1,603,500	1,475,100	1,417,500	1,350,200	1,409,800	1,330,800	1,337,200	1,360,600	1,448,500	1,354,200	1,252,000	1,194,500	1,159,200	1,030,100	980,400	919,800	1,031,200	684,700	728,500	680,500	709,100	632,900	599,300	555,900	587,800	567,100	561,800	540,800	580,000	567,300	582,200	537,600	448,900	433,100	482,500	463,600	479,100	438,700	443,700	405,600	417,500	377,000	361,400	337,400	353,000	343,500	318,700	246,600	272,433	247,549	230,098	210,933	207,858	181,243	157,400	141,474	151,324	112,096	97,349	80,932	82,085	70,347	62,768	55,812	58,996	47,297	41,512	39,003	39,297	37,049	33,533	32,184	36,037	34,117	40,907	27,057	27,901	26,986	23,007	22,068	22,068	18,006	17,317	16,119	21,691	16,594	15,289	12,747
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,288,500	5,869,200	5,506,400	4,726,800	4,959,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	13,307,600	12,539,000	11,959,700	11,294,200	11,112,600	11,574,000	12,082,400	12,156,900	11,951,500	11,459,500	10,879,500	10,190,200	9,759,100	9,286,700	8,766,400	8,530,500	8,284,700	7,777,100	7,279,600	7,040,400	6,678,800	6,288,500	5,869,200	5,506,400	4,726,800	4,959,900	4,522,300	4,127,500	5,777,800	5,541,800	5,181,500	4,750,400	4,319,500	4,115,200	3,792,700	3,585,400	3,379,400	3,084,200	2,822,400	3,656,600	3,501,400	3,264,300	3,718,800	3,772,200	3,580,100	3,293,500	3,182,400	2,927,300	2,645,600	2,369,000	2,288,500	2,230,900	2,037,400	2,008,300	1,924,400	1,770,000	1,537,283	1,390,262	1,271,184	1,175,120	1,266,766	1,183,428	1,073,987	981,811	888,674	800,151	711,349	643,236	589,705	543,646	503,070	468,691	442,591	380,618	348,010	330,197	314,932	299,774	288,927	284,155	278,957	204,647	204,576	62,359	63,680	65,869	70,528	78,293	78,293	82,406	85,686	88,887	90,730	94,473	91,283	52,334
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-136	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

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
Begin Period Cash Flow	1,600,700	1,306,000	1,638,500	1,182,600	909,400	663,200	1,036,600	714,600	600,300	782,100	553,700	465,800	279,800	221,400	194,623	122,825	34,390	5,508	5,771	11,335	8,052	10,487	22,657	4,106	10,169
Capital Expenditures	1,064,200	532,400	353,500	341,500	425,600	187,400	190,700	53,900	81,000	105,600	104,600	141,800	82,900	96,000	53,416	105,973	24,007	18,054	30,054	22,439	2,525	5,788	5,527	3,555	931
Cash And Cash Equivalents Changes	0	289,300	-332,500	455,900	-2,923,200	246,200	-388,400	322,000	114,300	-181,800	228,400	87,900	186,000	58,400	26,814	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	235,400	99,900	131,700	-56,200	41,500	57,700	45,200	54,600	-67,600	-5,000	56,800	39,200	59,000	17,325	0	0	0	0	0	0	0	0	0	0
Change In Cash	1,169,400	294,700	-332,500	455,900	273,200	246,200	-388,400	322,000	114,300	-181,800	228,400	87,900	186,000	58,400	26,814	71,798	88,435	28,882	-263	-5,564	3,283	7,120	-12,170	18,551	-6,063
Change In Working Capital	-777,600	-619,100	-368,100	-273,200	-321,500	-383,700	91,600	-3,000	-92,500	14,200	-22,000	-65,500	-19,900	17,000	38,035	-9,938	1,970	-28,176	-9,778	-557	-9,752	-342	-6,478	967	95
Change Receivables	0	-159,300	-142,300	5,700	-38,800	-161,300	-81,700	-35,900	-79,200	-13,700	68,900	-68,900	-51,100	-41,500	-35,275	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-186,300	-159,300	-142,300	5,700	38,800	-161,300	-81,700	-35,900	-79,200	-13,700	68,900	-68,900	-51,100	-41,500	-35,275	0	-35,687	-41,853	-17,462	0	-6,346	-4,400	0	0	0
Change To Inventory	-712,500	-546,600	-256,000	-170,100	-360,500	-279,000	-115,500	-46,700	-10,700	-26,800	-70,000	-7,100	-25,300	-29,200	5,860	-31,064	-8,213	-9,020	-9,205	2,822	4,622	-2,556	-106	-3,215	-1,602
Change To Liabilities	0	216,000	235,100	3,000	-117,100	134,300	317,300	108,300	7,900	122,300	-15,900	47,600	65,900	86,600	73,766	32,341	35,335	10,985	10,301	763	0	3,918	1,537	8,284	0
Change To Netincome	0	324,100	386,600	453,000	-327,800	293,100	272,000	182,000	159,700	123,800	126,900	38,300	107,300	30,900	56,196	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	44,000	-38,400	-91,500	-47,600	-14,400	211,700	33,200	500	17,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	421,800	365,800	310,200	276,200	203,000	122,800	99,100	92,100	89,500	74,400	67,300	57,800	46,500	40,400	34,577	25,084	13,027	35,269	6,727	7,111	10,629	4,549	4,712	4,752	2,243
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	2,770,100	1,600,700	1,306,000	1,638,500	1,182,600	909,400	648,200	1,036,600	714,600	600,300	782,100	553,700	465,800	279,800	221,437	194,623	122,825	34,390	5,508	5,771	11,335	17,607	10,487	22,657	4,106
Exchange Rate Changes	0	0	-3,400	-2,600	-2,200	-100	2,100	0	-1,500	-600	0	200	-200	-800	305	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	749,600	958,400	1,735,900	1,143,300	1,172,600	982,200	953,200	989,000	690,900	559,500	775,400	672,400	594,700	432,000	331,639	172,262	181,680	81,791	40,733	7,876	-10,379	-19,936	-24,080	-16,359	-16,858
Investments	1,258,900	1,916,000	-2,099,300	-561,400	-669,100	-774,300	569,400	-1,225,500	-768,500	36,000	363,600	-703,900	-396,100	-380,500	-238,961	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
Net Borrowings	0	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	1,817,300	1,344,400	1,728,100	1,066,800	1,381,800	1,125,000	660,000	735,900	588,800	418,800	671,000	656,600	495,100	381,800	232,606	204,315	144,537	72,044	94,134	23,478	-9,623	-18,421	-16,700	-18,523	-18,415
Other Cashflows From Financing Activities	-167,600	-198,700	-21,900	-260,200	-171,700	-110,300	-54,600	20,100	16,000	24,000	38,000	94,200	58,800	65,200	25,140	53,303	62,868	23,040	-608	-1,116	-1,624	947	-1,478	-259	822
Other Cashflows From Investing Activities	0	-12,800	-8,700	-37,700	-59,700	-87,900	569,400	-1,225,500	-768,500	-84,300	0	0	0	0	0	0	0	0	0	306	0	0	0	0	0
Other Non Cash Items	40,300	71,800	32,600	-38,000	7,100	12,400	21,200	21,600	13,600	23,800	33,300	32,800	12,400	-7,300	-1,499	79,269	5,948	-13,632	15,707	283	892	66	-87	0	150
Sale Purchase Of Stock	-416,300	-2,607,400	-211,600	-134,300	-269,500	236,600	-2,274,000	-42,500	-183,700	-1,000,000	-1,109,200	-238,300	-331,800	-198,600	-150,000	0	0	0	-72	0	-6	-2	-65	-20	-43
Stock Based Compensation	592,800	513,200	449,200	395,400	335,800	261,200	209,100	177,600	167,900	168,900	168,900	153,300	136,400	117,600	96,981	0	36,292	25,260	4,755	0	700	2,573	0	0	0
Total Cash From Financing Activities	-287,600	-2,572,300	43,000	-85,700	-168,400	126,300	-1,913,100	558,500	193,400	-692,400	-910,600	119,200	-12,400	7,700	-66,169	97,980	118,847	42,183	32,316	12,117	82,333	3,005	771	82,173	20,177
Total Cash From Operating Activities	1,813,800	1,490,800	2,089,400	1,484,800	1,598,200	1,169,600	1,143,900	1,042,900	771,900	665,100	880,000	814,200	677,600	528,000	385,055	278,235	205,687	99,845	70,787	30,315	-7,854	-14,148	-18,553	-12,804	-15,927
Total Cashflows From Investing Activities	0	1,370,800	-2,461,500	-940,600	-1,154,400	-1,049,600	378,700	-1,279,400	-849,500	-153,900	259,000	-845,700	-479,000	-476,500	-292,377	0	0	0	0	0	0	18,172	5,612	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
Begin Period Cash Flow	3,622,900	3,457,600	2,165,800	1,600,700	1,554,000	1,551,200	1,118,200	1,306,000	1,361,800	1,630,600	1,417,700	1,638,500	1,385,700	2,052,200	1,238,800	1,182,600	984,600	805,300	890,700	909,400	1,023,300	1,218,500	989,700	663,200	875,000	696,500	708,600	1,036,600	1,021,600	1,193,500	980,500	714,600	868,200	915,400	701,100	600,300	493,000	507,600	814,000	782,100	586,800	432,700	427,500	553,700	396,200	484,400	325,900	465,800	298,200	382,000	449,800	279,800	382,000	420,000	313,600	221,400	206,095	173,421	96,605	194,623	227,614	223,023	230,808	122,825	86,393	65,712	52,755	34,390	53,445	31,061	5,216	5,508	8,729	7,972	11,025	5,771	11,268	8,230	13,346	11,335	12,478	17,681	22,774	17,607	18,340	23,872	8,335	24,619	24,619	23,484	13,670	22,657	25,965	40,484	39,046	4,106
Capital Expenditures	435,500	256,300	178,300	194,100	137,700	169,100	130,500	95,100	150,900	68,300	75,700	58,600	61,900	64,400	110,000	105,200	142,000	86,700	82,100	114,800	55,500	47,000	44,800	40,100	31,000	51,400	55,300	53,000	17,800	15,100	11,400	9,600	19,700	28,500	13,600	19,200	65,200	13,800	6,000	20,600	28,900	34,000	25,000	16,700	88,700	10,500	13,800	49,800	15,200	14,500	38,500	14,700	9,400	50,100	20,300	16,200	7,722	5,360	12,854	27,480	32,942	20,996	45,086	6,949	11,835	5,069	4,398	2,705	3,807	2,072	8,071	4,104	24,105	1,345	3,603	1,001	479	551	20,872	537	611	884	712	318	560	423	781	1,772	1,772	831	1,362	1,562	1,278	565	957	755
Cash And Cash Equivalents Changes	0	0	1,286,600	563,300	49,200	900	430,800	-191,600	-55,800	-268,800	212,900	-220,800	252,800	-666,500	813,400	56,200	-2,998,400	179,300	-85,400	-18,700	-113,900	-195,200	228,800	326,500	-226,800	178,500	-12,100	-328,000	15,000	-171,900	213,000	265,900	-153,600	-47,200	214,300	100,800	107,300	-14,600	-306,400	31,900	195,300	154,100	5,200	-126,200	157,500	-88,200	158,500	-139,900	167,600	-83,800	-67,800	170,000	-102,200	-38,000	106,400	92,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	113,300	67,800	72,100	82,300	18,400	62,600	301,100	-34,200	-98,700	-68,300	238,100	-19,100	40,500	-127,800	29,700	-2,600	-23,400	-59,900	122,900	15,700	-79,200	-17,900	71,300	32,700	-48,000	1,700	64,200	-4,500	35,400	-49,900	95,700	-59,300	9,000	9,200	1,800	-49,600	5,300	-25,100	-14,700	-32,200	3,500	38,400	7,500	9,000	23,500	16,800	10,600	10,600	24,700	-6,700	9,800	7,700	12,200	29,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-852,800	165,300	1,291,800	565,100	46,700	2,800	433,000	-187,800	-55,800	-268,800	212,900	-220,800	252,800	-666,500	813,400	56,200	198,000	179,300	-85,400	-18,700	-113,900	-195,200	228,800	326,500	-226,800	178,500	-12,100	-328,000	15,000	-171,900	213,000	265,900	-153,600	-47,200	214,300	100,800	107,300	-14,600	-306,400	31,900	195,300	154,100	5,200	-126,200	157,500	-88,200	158,500	-139,900	167,600	-83,800	-67,800	170,000	-102,200	-38,000	106,400	92,200	15,342	32,674	76,816	-98,018	-32,991	4,591	-7,785	107,983	36,432	20,681	12,957	18,365	-19,055	22,384	25,845	-292	-3,221	757	-3,053	5,254	-5,497	3,038	-5,116	2,011	-1,143	-5,203	-5,093	5,167	-733	-5,532	15,537	-14,132	-14,132	1,135	9,814	-8,987	-3,308	-14,519	1,438	34,940
Change In Working Capital	-439,200	-100,800	5,900	-243,500	-60,800	-124,200	-68,700	-365,400	-10,900	-79,000	-108,700	-169,500	81,500	-179,000	10,500	-186,200	32,200	-79,500	-151,200	-123,000	-40,800	-77,700	-129,500	-135,700	249,100	-24,600	-88,700	-44,200	55,300	-23,400	-11,200	-23,700	21,600	-64,700	-9,300	-40,100	-26,700	-48,100	-2,500	91,500	1,800	-9,600	-29,500	15,300	-18,800	-27,300	10,900	-30,300	11,400	-19,200	41,200	-53,300	-28,000	-1,500	52,600	-6,100	5,444	5,664	-6,848	33,775	28,922	-7,168	-8,907	-22,785	10,373	-5,252	-795	-2,356	-11,280	2,264	-5,670	-13,490	-1,378	-2,605	-7,430	1,635	-5,281	2,772	5,457	-3,505	1,152	-6,732	716	-4,888	3,895	-4,001	2,308	7,843	-5,184	-6,909	1,995	-9,407	5,438	-2,262	-714	-1,495
Change Receivables	0	0	22,400	16,900	-92,100	-11,200	67,400	-123,400	-87,600	4,900	-45,300	-14,300	-51,500	-79,700	18,700	118,200	-89,400	1,700	-85,700	134,600	-96,100	-47,900	-50,300	33,000	-43,900	13,100	-68,200	17,300	1,800	-28,300	-77,800	68,400	-59,500	-13,300	-29,100	22,700	-56,100	12,100	-32,100	62,400	-20,800	78,000	-13,600	25,300	-34,100	-12,900	-23,500	1,600	-32,900	-14,700	9,600	-13,100	-39,100	-13,100	-14,500	25,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-166,600	-59,000	22,400	16,900	-92,100	-11,200	67,400	-123,400	-87,600	4,900	-45,300	-14,300	-51,500	-79,700	18,700	118,200	-11,800	1,700	-85,700	134,600	-96,100	-47,900	-50,300	33,000	-43,900	13,100	-68,200	17,300	1,800	-28,300	-77,800	68,400	-59,500	-13,300	-29,100	22,700	-56,100	12,100	-32,100	62,400	-20,800	78,000	-13,600	25,300	-34,100	-12,900	-23,500	1,600	-32,900	-14,700	9,600	-13,100	-39,100	-13,100	-14,500	25,200	-18,855	-11,312	5,108	30,767	-39,740	0	0	-5,314	-35,687	0	0	4,200	-41,853	0	0	-4,057	-17,462	0	0	4,094	-8,250	779	2,434	0	-6,346	0	0	0	-6,804	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-184,300	-239,600	-161,500	-127,100	-127,500	-173,600	-125,400	-120,100	-66,800	-96,800	-51,200	-41,200	6,900	-56,900	-54,900	-65,200	-67,100	-115,400	-84,000	-94,000	-73,200	-71,900	-67,700	-66,200	-32,800	-24,400	-19,300	-39,000	-5,900	-21,300	-11,700	-7,800	20,000	3,100	-5,900	-27,900	13,700	-1,600	-18,500	-20,400	17,900	-34,700	-37,400	-15,800	4,300	-6,400	-500	-4,500	-3,500	-8,500	-6,800	-6,500	-1,800	-11,000	-5,500	-10,900	-954	2,602	5,135	-923	-10,962	-9,904	-3,761	-6,437	-5,769	-2,734	2,221	-1,931	-1,965	2,300	-4,252	-5,103	-2,950	-3,384	-1,270	-1,601	630	566	821	805	3,958	855	-647	456	1,133	-2,641	-988	1,413	1,413	-804	-268	-447	-820	-460	-1,223	-712
Change To Liabilities	0	-22,000	131,500	-106,000	191,200	67,300	57,700	-100,200	131,700	-10,700	18,300	-40,800	119,100	-19,100	10,300	-107,300	-101,300	40,100	45,000	-100,900	116,900	29,000	70,300	-81,900	340,700	-46,000	46,800	-24,200	69,100	30,700	42,900	-34,400	30,500	4,800	16,700	-44,100	13,900	-9,000	42,800	74,600	19,400	-46,500	23,900	-12,700	42,600	-6,900	35,900	-24,000	49,600	8,500	23,200	-15,400	11,500	23,700	73,800	-22,400	52,451	36,698	21,489	0	32,341	4,293	0	0	35,335	16,096	6,729	0	10,985	2,630	4,556	0	10,301	3,143	0	0	763	0	0	0	0	0	0	0	3,918	3,497	1,512	0	1,537	0	0	0	8,284	3,351	2,483	443
Change To Netincome	0	117,200	119,500	149,100	44,300	76,200	101,000	102,600	95,800	112,400	53,500	147,900	88,800	125,200	83,900	155,100	-566,100	27,900	101,400	109,000	50,000	73,600	74,600	94,900	89,700	50,700	54,500	77,100	32,100	40,800	45,000	64,100	39,300	46,700	32,500	41,200	43,700	49,600	25,100	5,400	34,800	57,400	26,600	8,100	-2,700	24,100	4,100	12,800	42,200	21,800	16,700	26,600	11,500	8,800	11,000	-400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	219,800	137,400	-174,400	121,100	64,800	-10,500	-131,400	113,000	23,600	-30,500	-144,500	130,300	-28,800	68,900	-261,900	93,800	34,100	10,600	-186,100	105,600	38,100	-35,800	-122,300	211,700	-16,600	-12,700	-64,700	33,200	-4,500	35,400	0	500	0	0	0	17,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	123,200	108,600	97,300	92,700	106,200	89,800	86,000	83,800	80,900	82,000	75,600	71,700	79,800	69,200	63,800	63,400	63,800	50,900	46,700	41,600	36,300	31,000	29,200	26,300	27,600	24,900	23,900	22,700	24,100	22,300	22,300	23,400	24,600	23,600	21,100	20,200	20,300	19,900	17,200	17,000	18,100	16,600	16,600	16,000	15,400	15,200	13,900	13,300	12,500	11,500	11,200	11,300	10,800	10,300	9,800	9,500	8,679	8,952	8,949	7,997	7,505	6,785	6,166	4,628	3,721	3,386	3,068	2,852	28,303	2,603	2,189	2,174	1,791	1,639	1,630	1,667	1,752	1,720	1,783	1,856	5,879	2,182	1,334	1,234	1,175	1,180	1,161	1,152	1,152	1,147	1,174	1,239	1,413	1,343	1,265	731
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	150,000	0	0	150,000	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
End Period Cash Flow	2,770,100	3,622,900	3,457,600	2,165,800	1,600,700	1,554,000	1,551,200	1,118,200	1,306,000	1,361,800	1,630,600	1,417,700	1,638,500	1,385,700	2,052,200	1,238,800	1,182,600	984,600	805,300	890,700	909,400	1,023,300	1,218,500	989,700	648,200	875,000	696,500	708,600	1,036,600	1,021,600	1,193,500	980,500	714,600	868,200	915,400	701,100	600,300	493,000	507,600	814,000	782,100	586,800	432,700	427,500	553,700	396,200	484,400	325,900	465,800	298,200	382,000	449,800	279,800	382,000	420,000	313,600	221,437	206,095	173,421	96,605	194,623	227,614	223,023	230,808	122,825	86,393	65,712	52,755	34,390	53,445	31,061	5,216	5,508	8,729	7,972	11,025	5,771	11,268	8,230	13,346	11,335	12,478	17,681	22,774	17,607	18,340	23,872	10,487	10,487	24,619	23,484	13,670	22,657	25,965	40,484	39,046
Exchange Rate Changes	0	0	0	0	0	0	0	0	-1,100	300	-3,400	800	-600	-400	-800	-800	700	-1,600	-100	-1,200	600	-100	-1,600	1,000	100	1,000	500	500	0	100	0	900	-100	-500	300	-1,200	200	-1,100	0	300	0	500	100	-400	300	0	-300	200	-600	-400	0	800	-400	700	-600	-500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-207,200	292,100	487,400	177,300	300,200	214,100	316,200	127,900	416,800	433,100	467,000	419,000	565,600	210,200	119,900	247,600	410,700	309,600	233,900	218,400	282,600	272,800	186,700	240,100	301,000	302,500	161,200	188,500	307,300	244,500	238,300	198,900	263,700	151,200	171,500	104,500	129,000	136,800	148,000	145,700	200,200	169,800	164,100	241,300	128,500	203,500	202,700	116,700	214,500	137,100	157,500	85,600	114,500	62,900	155,200	99,400	107,915	90,945	70,135	62,644	69,298	50,814	19,715	32,435	71,177	43,885	35,954	30,664	24,119	34,006	11,654	12,012	2,563	20,008	6,815	11,347	8,007	10,327	-9,006	-1,452	2,452	-8,787	2,220	-6,264	1,912	-9,708	-1,057	2,895	2,895	-11,388	-2,450	-13,137	592	-5,504	-4,896	-6,551
Investments	-1,044,200	-446,600	743,200	767,200	713,700	713,400	608,500	-119,600	-490,100	-770,500	-309,000	-529,700	-272,400	-961,500	646,700	25,800	-236,300	-96,900	-143,100	-192,800	-403,000	-503,600	38,600	93,700	-284,800	-208,600	-298,500	1,361,300	-291,200	-526,200	-225,800	-182,300	-393,400	-310,300	3,700	-68,500	-136,900	-243,200	600,800	-184,700	-34,300	647,200	82,000	-331,300	-87,000	-148,200	-108,800	-359,900	-139,200	-150,300	-128,600	22,000	-93,700	-69,100	-86,300	-131,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	610,700	419,800	426,000	360,800	336,700	324,700	313,600	369,400	382,700	387,200	523,000	435,200	363,600	316,800	70,200	316,200	362,700	398,700	316,400	304,000	291,300	291,800	254,600	287,300	-38,800	297,500	221,500	179,800	204,000	211,000	184,500	136,400	190,000	167,300	134,500	97,000	146,800	123,700	104,000	44,300	166,200	156,800	159,100	188,900	174,900	183,300	154,900	143,500	151,200	122,400	117,400	104,100	121,200	86,600	88,700	85,300	77,552	64,524	62,388	28,142	50,758	57,594	51,182	44,781	49,153	40,919	30,663	23,802	23,641	17,263	16,682	14,458	49,526	20,720	14,784	9,104	11,682	6,113	4,830	853	-4,855	-3,353	878	-2,293	-2,600	-6,464	-3,740	-4,252	-4,252	-4,798	-4,243	-3,407	-4,981	-4,020	-4,490	-5,032
Other Cashflows From Financing Activities	-9,300	-800	-400	-131,400	-196,500	-8,800	18,000	-173,400	-257,900	68,300	58,300	-186,200	-314,300	85,200	47,600	-170,000	-22,000	70,700	-178,600	-130,600	-3,300	-7,000	-5,500	-94,500	-3,000	-1,600	-2,600	-47,400	3,800	7,800	10,800	-2,300	-6,700	11,400	10,800	500	8,800	9,100	1,800	4,300	6,900	4,600	5,900	20,600	39,500	48,000	80,100	20,200	13,900	20,500	10,700	13,700	8,900	26,400	38,100	32,200	615,959	8,211	970	150,000	512	17,211	16,339	19,241	15,723	18,174	16,504	12,467	8,164	9,343	5,533	-22,875	38	-136	-248	-262	-256	-269	-299	-292	-375	-373	-492	-384	171	1,185	-876	-464	-18,420	-16	-663	-335	698	-602	-468	113
Other Cashflows From Investing Activities	0	0	-7,300	0	-1,200	200	-11,800	0	0	0	0	-8,700	0	0	634,800	-37,700	-27,900	-33,000	2,500	-1,300	-27,800	-22,000	-38,100	0	0	0	0	0	0	0	0	0	0	0	0	0	-1,400	-1,700	-81,200	0	0	0	0	0	0	21,000	-13,800	-49,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	205	0	0	306	307	307	269	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	3,000	8,000	17,000	12,300	11,500	16,700	14,800	28,800	19,200	7,700	13,400	-7,700	13,800	-57,600	1,500	4,300	4,500	-1,700	2,700	1,600	1,300	1,100	2,600	7,400	4,400	5,400	5,300	6,100	9,200	7,000	4,600	800	4,100	1,800	4,300	3,400	7,500	3,200	7,200	5,900	6,100	7,700	10,400	9,100	63,700	-1,400	-16,300	-13,200	57,300	-20,500	-22,300	-2,100	-500	-600	-1,300	-4,900	-903	-341	24,448	-54	-55,211	21,114	15,350	34,620	-25,784	6,914	6,228	22,259	-36,775	16,539	1,629	-89	-46,720	1,599	1,434	-58	-201	273	-204	-119	887	0	4	1	2	0	-5	-76	0	3	-14	0	0	0	0	0
Sale Purchase Of Stock	-66,300	-14,800	-10,900	-350,000	-1,000,800	-1,000,000	-500,100	-106,500	31,700	91,100	69,700	84,000	-34,300	-100,000	62,700	-100,000	-200,000	-69,500	-169,200	98,800	37,000	64,700	48,700	86,200	-274,000	-1,914,800	127,300	-2,000,000	-34,400	101,900	202,200	-8,100	-84,200	-35,500	-49,300	-14,700	107,600	85,500	-1,000,000	66,300	22,700	-693,800	-269,700	-145,700	-53,200	-169,900	-15,200	82,900	79,000	-181,100	-139,100	-11,600	-139,700	-58,900	23,400	92,500	-150,000	0	12,054	-150,000	0	0	0	0	0	0	0	0	33	0	0	-33	-72	0	0	0	0	0	0	0	-6	0	0	-1	-1	0	0	-1	-1	-2	-1	-61	-5	-6	0	-9
Stock Based Compensation	150,400	156,100	146,500	139,800	127,600	138,100	126,700	120,800	117,800	120,100	108,100	103,200	103,100	105,800	95,900	90,600	89,200	88,900	81,600	76,100	70,400	70,000	63,300	57,500	55,600	55,700	50,400	47,400	45,500	46,800	42,600	42,700	41,300	44,200	41,300	41,100	41,100	45,100	41,900	40,800	41,600	50,400	38,700	38,200	38,300	47,300	33,300	34,400	34,600	34,900	34,800	32,100	30,100	30,400	30,300	26,800	25,002	24,597	0	22,733	76,646	0	5,991	-19,241	36,292	4,424	4,374	-12,467	25,260	0	0	5,064	4,755	0	0	0	147	0	0	0	700	0	0	0	1,597	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-31,500	61,800	63,300	-381,200	-963,500	-926,800	-482,100	-199,900	18,600	68,300	58,300	-102,200	-39,800	85,200	47,600	-178,700	50,800	1,200	-178,600	-41,800	33,700	57,700	43,200	-8,300	-243,100	83,600	124,700	-1,878,300	-100	109,700	200,500	248,400	-23,800	112,400	38,800	66,000	116,400	94,600	-974,000	70,600	29,600	-663,400	-241,000	-35,800	73,100	-121,900	64,900	103,100	92,900	-70,200	-96,700	61,600	-122,600	-32,500	38,100	124,700	40,920	29,887	7,458	-144,434	3,196	35,886	24,638	34,260	30,091	39,528	27,101	22,127	11,493	13,537	10,685	6,468	12,209	11,422	1,989	6,696	3,145	4,210	938	3,824	78,401	3,179	-213	966	282	2,044	-788	-379	-379	659	132	359	911	5,678	40,655	34,929
Total Cash From Operating Activities	228,300	548,400	665,700	371,400	437,900	383,200	446,700	223,000	567,700	501,400	542,700	477,600	627,500	274,600	229,900	352,800	552,700	396,300	316,000	333,200	338,100	319,800	231,500	280,200	332,000	353,900	216,500	241,500	325,100	259,600	249,700	208,500	283,400	179,700	185,100	123,700	194,200	150,600	154,000	166,300	229,100	203,800	189,100	258,000	217,200	214,000	216,500	166,500	229,700	151,600	196,000	100,300	123,900	113,000	175,500	115,600	115,637	96,305	82,989	90,124	102,240	71,810	64,801	39,384	83,012	48,954	40,352	33,369	27,926	36,078	19,725	16,116	26,668	21,353	10,418	12,348	8,486	10,878	11,866	-915	3,063	-7,903	2,932	-5,946	2,472	-9,285	-276	4,667	4,667	-10,557	-1,088	-11,575	1,870	-4,939	-3,939	-5,796
Total Cashflows From Investing Activities	0	-446,600	557,600	573,100	574,800	544,500	466,200	-214,700	-641,000	-838,800	-384,700	-597,000	-334,300	-1,025,900	536,700	-117,100	-406,200	-216,600	-222,700	-308,900	-486,300	-572,600	-44,300	53,600	-315,800	-260,000	-353,800	1,308,300	-309,000	-541,300	-237,200	-191,900	-413,100	-338,800	-9,900	-87,700	-203,500	-258,700	513,600	-205,300	-63,200	613,200	57,000	-348,000	-133,100	-180,300	-122,600	-409,700	-154,400	-164,800	-167,100	7,300	-103,100	-119,200	-106,600	-147,600	-292,377	-151,224	-57,434	0	0	0	0	33,742	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,024	2,490	10,238	18,172	21,690	20,090	3,398	5,612	24,032	12,999	2,229	0	0	0	5,807

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
Cost Of Revenue	2,394,600	2,026,200	1,751,600	1,497,200	1,368,300	1,120,100	934,800	814,300	806,500	717,900	670,900	608,500	483,500	383,000	301,116	254,142	186,542	124,846	73,769	50,813	47,646	34,584	28,218	13,279	7,030	-
Depreciation And Amortization	421,800	365,800	310,200	276,200	203,000	122,800	99,100	92,100	89,500	74,400	67,300	57,800	46,500	40,400	34,577	25,084	13,027	35,269	6,727	7,111	10,629	4,549	4,712	4,752	2,243	-
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	-
Ebit	1,766,800	1,211,300	1,821,000	773,600	1,374,500	1,199,400	1,054,600	945,200	740,000	544,800	852,500	878,100	694,800	555,200	377,439	310,835	206,742	107,355	69,289	20,942	-12,274	-20,176	-20,425	-22,169	-19,549	-30,773
Ebitda	2,188,600	1,577,100	2,131,200	1,049,800	1,577,500	1,322,200	1,153,700	1,037,300	829,500	619,200	919,800	935,900	741,300	595,600	412,016	335,919	219,769	142,624	76,016	28,053	-1,645	-15,627	-15,713	-17,417	-17,306	-30,773
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	-
Extraordinary Items	0	0	0	0	0	-500	-317,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	4,729,500	4,196,000	3,958,500	2,861,200	3,110,200	2,604,100	2,194,100	1,890,100	1,577,900	1,413,800	1,594,200	1,570,300	1,273,800	1,030,000	751,052	620,777	414,286	247,836	153,569	87,990	44,029	37,438	23,455	13,345	3,162	-
Income Before Tax	1,958,900	1,606,800	1,890,300	1,207,000	1,502,200	1,279,500	1,096,500	980,800	758,500	549,000	870,900	893,900	709,700	572,300	396,111	335,203	237,234	120,138	73,807	24,204	-9,623	-18,421	-20,341	-22,385	0	-
Income Tax Expense	141,600	262,400	162,200	140,200	120,400	154,500	436,500	244,900	169,700	130,200	199,900	237,300	214,600	190,500	163,505	130,888	92,697	48,094	-20,327	726	-2,257	-1,798	-3,683	-3,754	-1,134	29,443
Interest Expense	0	29,700	356,000	427,200	328,200	0	0	0	0	0	0	15,800	0	0	0	0	0	0	17	91	203	0	0	0	0	0
Interest Income	192,100	29,700	69,300	157,200	127,700	80,100	41,900	35,600	18,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	-19,300	-22,100	-23,500	6,200	2,500	-2,900	1,600	1,600	1,600	1,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	1,798,000	1,322,300	1,704,600	1,060,600	1,379,300	1,127,900	660,000	735,900	588,800	418,800	671,000	656,600	495,100	381,800	232,606	204,315	144,537	72,044	94,134	23,478	-9,623	-18,421	-16,700	-18,523	-18,415	-29,443
Net Income Applicable To Common Shares	0	1,322,300	1,704,600	1,060,600	1,379,300	1,127,900	660,000	735,900	588,800	418,800	671,000	656,600	495,100	381,800	232,606	204,315	144,537	72,044	94,134	23,478	0	0	0	0	0	-
Net Income From Continuing Ops	1,817,300	1,344,400	1,728,100	1,066,800	1,381,800	1,125,000	660,000	735,900	588,800	418,800	671,000	656,600	495,100	381,800	232,606	0	0	0	0	0	0	0	0	0	0	-
Net Interest Income	192,100	29,700	69,300	157,200	127,700	80,100	41,900	35,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	29,700	69,300	157,200	127,700	80,100	41,900	35,600	18,500	4,200	18,400	15,800	14,900	17,100	18,672	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	-
Operating Income	1,766,800	1,211,300	1,821,000	773,600	1,374,500	1,199,400	1,054,600	945,200	740,000	544,800	852,500	878,100	694,800	555,200	377,439	310,835	206,742	107,355	68,772	21,184	-11,880	-20,219	-20,383	-22,277	-19,549	-30,773
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	-
Other Operating Expenses	5,357,300	4,645,100	3,889,100	3,308,600	3,104,000	2,524,800	2,074,300	1,759,200	1,644,400	1,586,900	741,700	1,300,700	1,062,500	857,800	674,729	564,084	394,086	265,327	158,566	117,619	103,555	92,241	72,056	48,901	29,741	30,773
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	-
Reconciled Depreciation	421,800	365,800	310,200	276,200	203,000	122,800	99,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Research Development	998,800	879,000	671,000	595,100	557,300	418,100	328,600	239,600	197,400	178,000	167,700	170,000	140,200	116,000	95,102	79,372	48,859	29,778	17,354	17,812	16,190	16,793	13,851	11,734	11,130	23,208
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling General Administrative	1,963,900	1,739,900	1,466,500	1,216,000	1,178,400	986,600	810,900	705,300	640,500	691,000	574,000	522,200	438,800	358,800	278,511	230,570	158,685	110,703	67,443	48,994	39,719	40,864	29,987	19,136	0	-
Tax Provision	141,600	262,400	162,200	140,200	120,400	154,500	436,500	244,900	169,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Operating Expenses	2,962,700	2,618,900	2,137,500	1,811,400	1,735,700	1,404,700	1,139,500	944,900	837,900	869,000	741,700	692,200	579,000	474,800	373,613	309,942	207,544	140,481	84,797	66,806	55,909	57,657	43,838	35,622	22,711	30,773
Total Other Income Expense Net	192,100	395,500	69,300	433,400	127,700	80,100	41,900	35,600	18,500	4,200	18,400	15,800	14,900	17,100	18,672	24,368	30,492	12,783	-517	242	394	-43	42	-108	0	-
Total Revenue	7,124,100	6,222,200	5,710,100	4,358,400	4,478,500	3,724,200	3,128,900	2,704,400	2,384,400	2,131,700	2,265,100	2,178,800	1,757,300	1,413,000	1,052,168	874,919	600,828	372,682	227,338	138,803	91,675	72,022	51,673	26,624	10,192	-

	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
Cost Of Revenue	650,900	576,500	584,000	583,200	544,100	505,300	498,800	478,000	489,900	431,900	440,300	389,500	433,300	353,400	349,200	361,300	381,700	342,600	339,900	304,100	310,800	278,600	277,000	253,700	259,100	239,300	228,300	208,100	229,700	195,900	199,200	189,500	217,700	193,900	199,600	195,300	211,300	189,500	167,800	149,300	178,200	142,300	173,300	177,100	171,400	147,700	150,100	139,300	133,900	121,200	119,100	109,300	107,200	93,800	93,900	88,100	89,879	81,130	70,439	59,668	66,205	66,417	63,133	58,387	54,246	48,434	46,141	37,721	37,622	33,599	28,048	25,577	23,532	18,757	17,129	14,351	15,390	12,771	11,429	11,223	20,595	10,407	7,906	8,738	9,512	8,340	9,225	9,246	9,246	5,750	6,659	6,135	5,875	3,365	2,238	1,801
Depreciation And Amortization	123,200	108,600	97,300	92,700	106,200	89,800	86,000	83,800	80,900	82,000	75,600	71,700	79,800	69,200	63,800	63,400	63,800	50,900	46,700	41,600	36,300	31,000	29,200	26,300	27,600	24,900	23,900	22,700	24,100	22,300	22,300	23,400	24,600	23,600	21,100	20,200	20,300	19,900	17,200	17,000	18,100	16,600	16,600	16,000	15,400	15,200	13,900	13,300	12,500	11,500	11,200	11,300	10,800	10,300	9,800	9,500	8,679	8,952	8,949	7,997	7,505	6,785	6,166	4,628	3,721	3,386	3,068	2,852	28,303	2,603	2,189	2,174	1,791	1,639	1,630	1,667	1,752	1,720	1,783	1,856	5,879	2,182	1,334	1,234	1,175	1,180	1,161	1,152	1,152	1,147	1,174	1,239	1,413	1,343	1,265	731
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
Ebit	450,200	465,800	365,900	294,900	266,300	309,100	311,600	324,300	369,500	360,600	435,600	345,100	336,000	201,200	16,800	219,600	333,800	314,800	312,300	210,600	332,000	282,300	277,400	250,400	299,400	253,700	233,600	168,800	240,300	234,100	223,100	179,000	221,300	166,300	152,700	110,200	186,100	139,200	125,800	39,600	190,500	157,600	201,900	235,200	232,700	196,200	211,400	180,000	199,500	167,400	156,900	137,000	153,700	121,800	129,900	120,200	128,382	95,539	90,591	45,026	82,737	85,032	78,195	64,872	73,381	53,988	45,033	34,339	35,446	25,676	24,507	21,726	27,135	19,579	14,384	8,191	12,629	4,795	3,841	-323	-4,508	-3,973	184	-3,977	-1,549	-7,220	-4,794	-2,225	-5,059	-6,870	-5,638	-5,265	-6,318	-5,416	-5,174	-5,368
Ebitda	573,400	574,400	463,200	387,600	372,500	398,900	397,600	408,100	450,400	442,600	511,200	416,800	415,800	270,400	80,600	283,000	397,600	365,700	359,000	252,200	368,300	313,300	306,600	276,700	327,000	278,600	257,500	191,500	264,400	256,400	245,400	202,400	245,900	189,900	173,800	130,400	206,400	159,100	143,000	56,600	208,600	174,200	218,500	251,200	248,100	211,400	225,300	193,300	212,000	178,900	168,100	148,300	164,500	132,100	139,700	129,700	137,061	104,491	99,540	53,023	90,242	91,817	84,361	69,500	77,102	57,374	48,101	37,191	63,749	28,279	26,696	23,900	28,926	21,218	16,014	9,858	14,381	6,515	5,624	1,533	1,371	-1,791	1,518	-2,743	-374	-6,040	-3,633	-1,073	-3,907	-5,723	-4,464	-4,026	-4,905	-4,073	-3,909	-4,637
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,277,400	1,167,200	1,171,900	1,113,000	1,110,900	1,052,100	1,023,300	1,009,700	1,060,800	971,400	1,023,700	902,600	895,800	724,300	502,900	738,200	896,000	785,600	759,000	669,600	735,700	642,300	632,300	593,800	633,300	566,800	527,900	466,100	527,200	487,000	470,900	405,000	458,800	395,800	386,500	336,800	393,400	360,600	344,400	315,400	398,000	356,700	405,200	434,300	437,900	390,100	386,400	355,900	362,900	325,500	306,600	278,800	282,100	250,600	256,800	240,500	233,159	199,004	190,185	128,704	165,340	169,575	156,056	129,807	135,200	108,470	94,108	76,508	74,945	62,233	58,977	51,681	48,562	42,117	35,627	27,263	29,804	22,722	19,628	15,836	6,999	12,986	13,547	10,497	11,633	8,741	10,162	6,767	6,767	5,111	6,061	5,944	4,831	4,494	2,889	1,132
Income Before Tax	515,900	522,000	499,200	421,800	394,700	402,800	406,900	402,400	454,200	461,100	526,200	448,800	436,500	355,200	107,200	308,100	431,700	399,000	391,800	279,700	358,800	335,200	295,600	289,900	339,300	289,400	267,600	200,200	276,100	266,800	253,400	184,500	251,800	193,600	178,400	134,700	184,800	161,100	142,600	60,500	214,500	178,100	222,800	255,500	251,800	215,700	229,300	197,100	203,100	180,800	172,200	153,600	157,200	137,100	144,200	133,800	132,505	108,853	104,711	50,042	88,262	89,626	83,902	73,413	81,813	66,208	50,265	38,947	39,627	28,822	27,762	23,927	25,439	22,439	16,292	9,637	12,043	6,179	5,093	889	-9,623	-3,353	878	-2,293	-18,421	-6,464	-3,740	-7,893	0	-4,798	-4,244	-3,407	0	0	0	0
Income Tax Expense	-94,800	102,200	73,200	61,000	58,000	78,100	93,300	33,000	71,500	73,900	3,200	13,600	72,900	38,400	37,000	-8,100	69,000	300	75,400	-24,300	67,500	43,400	41,000	2,600	378,100	-8,100	46,100	20,400	72,100	55,800	68,900	48,100	61,800	26,300	43,900	37,700	38,000	37,400	38,600	16,200	48,300	21,300	63,700	66,600	76,900	32,400	74,400	53,600	51,900	58,400	54,800	49,500	36,000	50,500	55,500	48,500	54,953	44,329	42,323	21,900	37,504	32,032	32,720	28,632	32,660	25,289	19,602	15,145	15,986	11,559	11,080	9,469	-24,087	1,719	1,508	533	361	66	263	36	-4,768	-310	-347	-842	-15,821	-378	-527	-807	0	-1,036	-697	-715	-1,337	-1,396	-684	-336
Interest Expense	0	0	0	28,700	22,200	3,900	9,300	5,700	2,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,600	0	0	0	400	0	0	0	4,300	4,300	15,800	4,300	4,000	3,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	17	0	0	0	91	0	0	0	203	0	0	0	199	0	0	0	268	0	0	0	91	93	118	102
Interest Income	0	0	36,000	0	22,200	3,900	9,300	0	0	0	0	32,000	20,700	0	26,600	25,100	34,100	33,300	32,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-4,500	-4,100	-5,200	5,500	-11,800	-700	-5,800	3,800	-2,100	-6,700	42,000	8,900	-1,600	2,900	2,200	2,700	5,000	1,900	-1,900	-2,500	-1,200	-700	-700	-300	-400	6,000	-6,000	2,000	1,600	0	0	0	1,600	0	0	0	1,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	606,200	415,700	420,800	355,300	324,900	324,000	307,800	365,600	380,600	380,500	517,200	426,300	365,200	313,900	68,000	313,500	357,700	396,800	318,300	306,500	292,500	292,500	255,300	287,600	-38,800	297,500	221,500	179,800	204,000	211,000	184,500	136,400	190,000	167,300	134,500	97,000	146,800	123,700	104,000	44,300	166,200	156,800	159,100	188,900	174,900	183,300	154,900	143,500	151,200	122,400	117,400	104,100	121,200	86,600	88,700	85,300	77,552	64,524	62,388	28,142	50,758	57,594	51,182	44,781	49,153	40,919	30,663	23,802	23,641	17,263	16,682	14,458	49,526	20,720	14,784	9,104	11,682	6,113	4,830	853	-4,855	-3,353	878	-2,293	-2,600	-6,464	-3,740	-4,252	-4,252	-4,798	-4,244	-3,407	-4,981	-4,020	-4,490	-5,032
Net Income Applicable To Common Shares	0	415,700	420,800	355,300	324,900	324,000	307,800	365,600	380,600	774,400	517,200	426,300	365,200	313,900	68,000	313,500	357,700	396,800	318,300	306,500	292,500	292,500	255,300	287,600	-38,800	297,500	221,500	179,800	204,000	211,000	184,500	136,400	190,000	167,300	134,500	97,000	146,800	123,700	104,000	44,300	166,200	156,800	159,100	188,900	174,900	183,300	154,900	143,500	151,200	122,400	117,400	104,100	121,200	86,600	88,700	85,300	77,552	64,524	62,388	28,142	50,758	57,594	51,182	44,781	49,153	40,919	30,663	23,802	23,641	17,263	16,682	14,458	49,526	20,720	14,784	9,104	11,682	6,113	4,830	853	0	-878	878	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	610,700	419,800	426,000	360,800	336,700	324,700	313,600	369,500	382,700	387,200	523,000	435,200	363,600	316,800	70,200	316,200	362,700	398,700	316,400	304,000	291,300	291,800	254,600	287,300	-38,800	297,500	221,500	179,800	204,000	211,000	184,500	136,400	190,000	167,300	134,500	97,000	146,800	123,700	104,000	44,300	166,200	156,800	159,100	188,900	174,900	183,300	154,900	143,500	151,200	122,400	117,400	104,100	121,200	86,600	88,700	85,300	0	64,524	62,388	0	0	0	0	0	0	0	0	0	0	0	0	0	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	65,700	56,200	36,000	34,200	22,200	3,900	9,300	-5,700	3,800	18,500	15,000	32,000	20,700	84,800	26,600	25,100	34,100	33,300	32,800	27,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	36,000	34,200	22,200	3,900	9,300	-5,700	3,800	18,500	15,000	32,000	20,700	84,800	26,600	25,100	34,100	33,300	32,800	27,500	26,800	21,900	18,200	13,200	12,300	10,800	10,100	8,700	11,700	10,400	8,000	5,500	5,900	3,700	4,600	4,300	-1,300	2,000	-400	3,900	5,900	3,900	4,300	4,300	3,700	4,300	4,000	3,800	3,600	1,900	4,100	5,300	3,500	5,000	4,500	4,100	0	4,362	5,171	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Operating Income	450,200	465,800	365,900	294,900	266,300	309,100	311,600	324,300	450,400	442,600	511,200	416,800	415,800	270,400	80,600	283,000	397,600	365,700	359,000	252,200	332,000	313,300	277,400	276,700	327,000	278,600	257,500	191,500	264,400	256,400	245,400	179,000	245,900	189,900	173,800	130,400	186,100	159,100	143,000	56,600	208,600	174,200	218,500	251,200	248,100	211,400	225,300	193,300	199,500	178,900	168,100	148,300	153,700	132,100	139,700	129,700	128,382	104,491	99,540	45,026	82,737	85,032	78,195	64,872	73,381	53,988	45,033	34,339	35,446	25,676	24,507	21,726	23,511	21,009	15,338	8,914	10,947	5,487	4,467	283	-5,613	-3,663	531	-3,135	-2,995	-6,842	-4,267	-5,059	-5,059	-5,834	-4,941	-4,550	-6,318	-5,416	-5,174	-5,368
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
Other Operating Expenses	1,478,100	1,277,900	1,292,700	1,308,600	1,282,500	1,158,500	1,124,500	1,079,600	1,100,300	960,700	952,800	875,300	913,300	807,300	771,500	816,500	880,100	762,500	739,900	721,500	714,500	607,600	631,900	570,800	565,400	527,500	498,700	482,700	492,500	426,500	424,700	415,500	430,600	399,800	412,300	401,700	418,600	391,000	369,200	258,800	189,400	324,800	360,000	360,200	361,200	326,400	311,200	301,900	297,300	267,800	257,600	239,800	235,600	212,300	211,000	198,900	194,656	175,643	161,084	143,346	148,808	150,960	140,994	123,322	116,065	102,916	95,216	79,890	77,121	70,156	62,518	55,532	48,583	39,865	37,418	32,700	34,247	30,006	26,590	26,776	33,207	27,056	20,922	22,370	24,140	23,923	23,654	21,072	21,072	16,695	17,661	16,201	17,024	13,275	10,301	8,301
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	123,200	108,600	97,300	92,700	106,200	89,800	86,000	83,800	80,900	82,000	75,600	71,700	79,800	69,200	63,800	63,400	63,800	50,900	46,700	41,600	36,300	31,000	29,200	26,300	27,600	24,900	23,900	22,700	24,100	22,300	22,300	23,400	24,600	23,600	21,100	20,200	20,300	19,900	17,200	17,000	18,100	16,600	16,600	16,000	15,400	15,200	13,900	13,300	12,500	11,500	11,200	11,300	10,800	10,300	9,800	9,500	8,679	8,952	8,949	7,997	7,505	6,785	6,166	4,628	3,721	3,386	3,068	2,852	28,303	2,603	2,189	2,174	1,791	1,639	1,630	1,667	1,752	1,720	1,783	1,856	5,879	2,182	1,334	1,234	1,175	1,180	1,161	1,152	1,152	1,147	1,174	1,239	1,413	1,343	1,265	731
Research Development	260,100	249,400	244,400	244,900	244,100	217,100	207,300	210,500	183,400	165,500	162,300	159,800	149,800	155,000	143,200	147,100	156,600	135,900	120,800	144,000	119,900	107,600	95,100	95,500	87,100	83,400	84,600	73,500	69,100	62,600	54,700	53,200	52,600	51,000	49,400	44,400	47,300	47,500	40,200	43,000	41,700	43,200	41,200	41,600	41,700	49,700	40,200	38,400	41,400	35,400	32,000	31,400	32,600	26,900	28,500	28,000	25,771	24,650	23,369	21,312	20,863	21,851	20,357	16,301	16,123	14,319	10,192	8,224	8,448	7,979	7,205	6,145	4,267	4,587	4,355	4,145	4,241	4,635	3,626	5,310	4,733	4,407	3,627	3,423	4,026	3,890	4,645	3,791	3,791	3,493	3,336	3,231	3,110	3,172	2,822	2,631
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	22,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	567,100	452,000	464,300	480,500	494,300	436,100	418,400	391,100	427,000	363,300	350,200	326,000	308,100	298,900	279,100	308,100	341,800	284,000	279,200	273,400	283,800	221,400	259,800	221,600	219,200	204,800	185,800	201,100	193,700	168,000	170,800	172,800	160,300	154,900	163,300	162,000	160,000	154,000	161,200	215,800	147,700	139,300	145,500	141,500	148,100	129,000	120,900	124,200	122,000	111,200	106,500	99,100	95,800	91,600	88,600	82,800	79,006	69,863	67,276	62,366	61,740	62,692	57,504	48,634	45,696	40,163	38,883	33,945	31,051	28,578	27,265	23,810	20,784	16,521	15,934	14,204	14,616	12,600	11,535	10,243	7,879	12,242	9,389	10,209	10,602	11,693	9,784	8,035	8,035	7,452	7,666	6,835	6,626	5,395	6,798	5,769
Tax Provision	-94,800	102,200	73,200	61,000	58,000	78,100	93,300	33,000	71,500	73,900	3,200	13,600	72,900	38,400	37,000	-8,100	69,000	300	75,400	-24,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	827,200	701,400	708,700	725,400	738,400	653,200	625,700	601,600	610,400	528,800	512,500	485,800	480,000	453,900	422,300	455,200	498,400	419,900	400,000	417,400	403,700	329,000	354,900	317,100	306,300	288,200	270,400	274,600	262,800	230,600	225,500	226,000	212,900	205,900	212,700	206,400	207,300	201,500	201,400	258,800	189,400	182,500	186,700	183,100	189,800	178,700	161,100	162,600	163,400	146,600	138,500	130,500	128,400	118,500	117,100	110,800	104,777	94,513	90,645	83,678	82,603	84,543	77,861	64,935	61,819	54,482	49,075	42,169	39,499	36,557	34,470	29,955	25,051	21,108	20,289	18,349	18,857	17,235	15,161	15,553	12,612	16,649	13,016	13,632	14,628	15,583	14,429	11,826	11,826	10,945	11,002	10,066	11,149	9,910	8,063	6,500
Total Other Income Expense Net	65,700	56,200	133,300	126,900	128,400	93,700	95,300	78,100	2,100	18,500	15,000	32,000	20,700	84,800	26,600	25,100	34,100	33,300	32,800	27,500	26,800	21,900	18,200	13,200	12,300	10,800	10,100	8,700	11,700	10,400	8,000	5,500	5,900	3,700	4,600	4,300	-1,300	2,000	-400	3,900	5,900	3,900	4,300	4,300	3,700	4,300	4,000	3,800	3,600	1,900	4,100	5,300	3,500	5,000	4,500	4,100	4,123	4,362	5,171	5,016	5,525	4,594	5,707	8,541	8,432	12,220	5,232	4,608	4,181	3,146	3,255	2,201	-3,624	1,430	954	723	-1,682	692	626	606	-1,105	310	347	842	-1,446	378	527	-2,834	-2,834	1,036	697	1,143	0	0	0	0
Total Revenue	1,928,300	1,743,700	1,755,900	1,696,200	1,655,000	1,557,400	1,522,100	1,487,700	1,550,700	1,403,300	1,464,000	1,292,100	1,329,100	1,077,700	852,100	1,099,500	1,277,700	1,128,200	1,098,900	973,700	1,046,500	920,900	909,300	847,500	892,400	806,100	756,200	674,200	756,900	682,900	670,100	594,500	676,500	589,700	586,100	532,100	604,700	550,100	512,200	464,700	576,200	499,000	578,500	611,400	609,300	537,800	536,500	495,200	496,800	446,700	425,700	388,100	389,300	344,400	350,700	328,600	323,038	280,134	260,624	188,372	231,545	235,992	219,189	188,194	189,446	156,904	140,249	114,229	112,567	95,832	87,025	77,258	72,094	60,874	52,756	41,614	45,194	35,493	31,057	27,059	27,594	23,393	21,453	19,235	21,145	17,081	19,387	16,013	16,013	10,861	12,720	12,079	10,706	7,859	5,127	2,933

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

Gross Profit (+$)
totalRevenue	7,124,100
Cost of Revenue	-2,394,600
Gross Profit	4,729,500	4,729,500

Operating Income (+$)
Gross Profit	4,729,500
Operating Expense	-2,962,700
Operating Income	1,766,800	1,766,800

Operating Expense (+$)
Research Development	998,800
Selling General Administrative	1,963,900
Selling And Marketing Expenses	0
Operating Expense	2,962,700	2,962,700

Net Interest Income (+$)
Interest Income	192,100
Interest Expense	-0
Other Finance Cost	-0
Net Interest Income	192,100

Pretax Income (+$)
Operating Income	1,766,800
Net Interest Income	192,100
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	1,958,900	1,574,700 EBIT - interestExpense = 1,766,800 1,939,600 1,798,000
Interest Expense	0
Earnings Before Interest and Taxes (EBIT)	1,766,800	1,958,900
Earnings Before Interest and Taxes (EBITDA)	2,188,600

After tax Income (+$)
Income Before Tax	1,958,900
Tax Provision	-141,600
Net Income From Continuing Ops	1,817,300	1,817,300
Net Income	1,798,000
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	5,357,300
Total Other Income/Expenses Net	192,100	-192,100

Technical Analysis of Intuitive
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 Intuitive. The general trend of Intuitive is BULLISH 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 Intuitive'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 Intuitive Surgical 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: 371.00 < 376.60 < 378.62.

The bearish price targets are: 358.07 > 340.49 > 321.31.

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Intuitive Surgical 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 Intuitive Surgical Inc. The current mas is .

The long score for the Moving Averages is 9/14.
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 lower than the MA 50. -1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Intuitive Surgical 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 Intuitive Surgical Inc. The current macd is -3.92548546.

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

Intuitive Surgical 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 Intuitive Surgical Inc. The current adx is 16.50.

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 Intuitive 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.

Intuitive Surgical 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 Intuitive Surgical Inc. The current sar is 388.74.

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

Intuitive Surgical 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 Intuitive Surgical Inc. The current rsi is 34.60. The current phase is Correction in bull market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Intuitive Surgical 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 Intuitive Surgical Inc. The current phase is Oversold in bull market.

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

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

Intuitive Surgical 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 Intuitive Surgical Inc. The current cci is -142.1368346.

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

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

Intuitive Surgical 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 Intuitive Surgical Inc. The current cmo is -44.70551981.

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

Intuitive Surgical 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 Intuitive Surgical Inc. The current willr is -92.64157341.

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

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

Intuitive Surgical 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 Intuitive Surgical Inc.

Intuitive Surgical 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 Intuitive Surgical Inc. The current atr is 10.10.

Intuitive Surgical 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 Intuitive Surgical Inc. The current obv is 23,246,299.

Intuitive Surgical 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 Intuitive Surgical Inc. The current mfi is 31.89.

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

Intuitive Surgical Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Intuitive Surgical Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Intuitive Surgical Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	34.602
Ma 20	Greater than	Ma 50	386.151
Ma 50	Greater than	Ma 100	386.785
Ma 100	Greater than	Ma 200	365.321
Open	Greater than	Close	385.270
Total			3/5 (60.0%)

Create your own Symbol Scanner

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Quick analysis of Intuitive (30 sec.)

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

$366.34

$37.40

$-78.61 - $8.06

$-41.21 - $45.47

2. Growth of Intuitive (5 min.)

Is Intuitive growing?

How much money is Intuitive making?

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

3. Financial Health of Intuitive (5 min.)

4. Comparing to competitors in the Medical Instruments & Supplies industry (5 min.)

Industry Rankings (Medical Instruments & Supplies)

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

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

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Intuitive

About Intuitive Surgical Inc

Financial Health

Valuation

1.1. Profitability of Intuitive Surgical Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Medical Instruments & Supplies)

1.1.2. Return on Assets

Trends

Compared to industry (Medical Instruments & Supplies)

1.1.3. Return on Equity

Trends

Compared to industry (Medical Instruments & Supplies)

1.2. Operating Efficiency of Intuitive Surgical Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Medical Instruments & Supplies)

1.2.2. Operating Ratio

Trends

Compared to industry (Medical Instruments & Supplies)

1.3. Liquidity of Intuitive Surgical Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Medical Instruments & Supplies)

1.3.2. Quick Ratio

Trends

Compared to industry (Medical Instruments & Supplies)

1.4. Solvency of Intuitive Surgical Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Medical Instruments & Supplies)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Medical Instruments & Supplies)

2. Market Valuation of Intuitive Surgical Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Medical Instruments & Supplies)

Intuitive Surgical Inc
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