Keurig Dr Pepper Inc
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Let's analyse Keurig Dr Pepper Inc together

Penke I guess you are interested in Keurig Dr Pepper 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 Keurig Dr Pepper 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 Keurig Dr Pepper Inc (30 sec.)

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

How much money do you get?

$0.81

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$18.32

Expected worth in 1 year

$19.05

How sure are you?

90.0%

+ What do you gain per year?

Total Gains per Share

$1.53

Return On Investment

4.5%

For what price can you sell your share?

Current Price per Share

$33.84

Expected price per share

$33.21 - $34.94

How sure are you?

50%

1. Valuation of Keurig Dr Pepper Inc (5 min.)

Live pricePrice per Share (EOD)

$33.84

Book Value per Share

$18.32

Intrinsic Value Per Share

$-8.98 - $10.99

Total Value Per Share

$9.35 - $29.32

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.26) 3Y: ($0.33) TTM: ($0.15)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($-0.03) TTM: ($-0.09)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$0.70	$1.31	$0.55 - $1.33
2	$0.93	$2.56	$0.07 - $1.31
3	$0.74	$3.77	$-0.41 - $1.30
4	$0.17	$4.93	$-0.89 - $1.29
5	$-0.73	$6.04	$-1.36 - $1.27
6	$-1.93	$7.12	$-1.84 - $1.26
7	$-3.38	$8.14	$-2.32 - $1.25
8	$-5.06	$9.13	$-2.80 - $1.23
9	$-6.94	$10.08	$-3.28 - $1.22
10	$-8.98	$10.99	$-3.76 - $1.21

2. Growth of Keurig Dr Pepper Inc (5 min.)

Is Keurig Dr Pepper Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$25.6b	$25.2b	$70.2m	0.3%

How much money is Keurig Dr Pepper Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$545.2m	$359m	$186.2m	34.2%
Net Profit Margin	14.7%	10.5%	-	-

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

Quarterly Yearly

3. Financial Health of Keurig Dr Pepper Inc (5 min.)

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

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

What can you expect buying and holding a share of Keurig Dr Pepper Inc?

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

Speculation

The Price per Share of Keurig Dr Pepper Inc is $33.84. 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 Keurig Dr Pepper Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

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

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $18.32. Based on the TTM, the Book Value Change Per Share is $0.18 per quarter. Based on the YOY, the Book Value Change Per Share is $0.03 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 $0.20 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.49	1.5%	0.39	1.1%	0.25	0.7%	0.29	0.9%	0.15	0.4%
Usd Book Value Change Per Share	0.29	0.8%	0.18	0.5%	0.03	0.1%	0.11	0.3%	0.42	1.2%
Usd Dividend Per Share	0.21	0.6%	0.20	0.6%	0.19	0.6%	0.17	0.5%	0.12	0.4%
Usd Total Gains Per Share	0.50	1.5%	0.38	1.1%	0.22	0.7%	0.29	0.8%	0.54	1.6%
Usd Price Per Share	33.32	-	32.86	-	36.19	-	32.11	-	23.54	-
Price to Earnings Ratio	16.84	-	21.73	-	45.06	-	32.12	-	31.54	-
Price-to-Total Gains Ratio	66.67	-	89.59	-	-108,804.46	-	-21,685.34	-	-10,618.82	-
Price to Book Ratio	1.82	-	1.83	-	2.04	-	1.88	-	4.85	-
Price-to-Total Gains Ratio	66.67	-	89.59	-	-108,804.46	-	-21,685.34	-	-10,618.82	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	33.84
Number of shares	29

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.20	0.17
Usd Book Value Change Per Share	0.18	0.11
Usd Total Gains Per Share	0.38	0.29
Gains per Quarter (29 shares)	11.12	8.30
Gains per Year (29 shares)	44.46	33.20

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	24	21	34	20	13	23
2	47	42	78	40	27	56
3	71	63	122	60	40	89
4	94	84	166	79	53	122
5	118	105	210	99	67	155
6	141	126	254	119	80	188
7	165	147	298	139	93	221
8	188	168	342	159	107	254
9	212	189	386	179	120	287
10	235	209	430	199	133	320

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%	37.0	3.0	0.0	92.5%	93.0	3.0	0.0	96.9%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	16.0	4.0	0.0	80.0%	25.0	15.0	0.0	62.5%	66.0	30.0	0.0	68.8%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	56.0	0.0	40.0	58.3%
Total Gains per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	36.0	4.0	0.0	90.0%	82.0	14.0	0.0	85.4%

Fundamentals of Keurig Dr Pepper Inc

About Keurig Dr Pepper Inc

https://www.keurigdrpepper.com
28100
53 South Avenue, Burlington, MA, United States, 01803
Google Maps Bing Maps

Keurig Dr Pepper Inc. owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages. Its U.S. Coffee segment offers finished goods relating to K-Cup pods, single serve brewers, specialty coffee, and ready to drink coffee products through Keurig.com website. The International segment provides sales in Canada, Mexico, the Caribbean, and other international markets from the manufacture and distribution of branded concentrates, syrup, and finished beverages; and sales in Canada from the manufacture and distribution of finished goods relating to the Company's single serve brewers, KCup pods, and other coffee products. It serves retailers, third-party bottlers and distributors, retail partners, hotel chains, office coffee distributors, and end-use consumers. The company offers its products under the Dr Pepper, Canada Dry, Green Mountain Coffee Roasters, Snapple, Mott's, The Original Donut Shop, Clamato, and Core Hydration brand name. Keurig Dr Pepper Inc. was founded in 1981 and is headquartered in Burlington, Massachusetts.

Fundamental data was last updated by Penke on 2024-04-11 12:39:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is 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 unable to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Keurig Dr Pepper Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Keurig Dr Pepper Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic industry mean.
A Net Profit Margin of 17.9% means that $0.18 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Keurig Dr Pepper Inc:

The MRQ is 17.9%. The company is making a huge profit. +2
The TTM is 14.7%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	17.9%	TTM	14.7%	+3.2%
TTM	14.7%	YOY	10.5%	+4.2%
TTM	14.7%	5Y	12.8%	+1.8%
5Y	12.8%	10Y	12.6%	+0.2%

Measures how much net profit Keurig Dr Pepper Inc earns for each $1 of revenue.

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

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

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

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic industry mean.
Can be used to compare companies within the Beverages - Non-Alcoholic industry.

You typically want a high profit margin. This means that for each $1 in sales, Keurig Dr Pepper Inc makes more profit. This shows the investor how efficiently Keurig Dr Pepper Inc is operating in general and compared to other companies in the same industry. Keurig Dr Pepper Inc operates in the Beverages - Non-Alcoholic industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Keurig Dr Pepper Inc. If profit margins remain low (compared to the Beverages - Non-Alcoholic 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 Keurig Dr Pepper Inc is 0.18. This means that Keurig Dr Pepper Inc earned $0.18 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 Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate net profit margin

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

Real example of Keurig Dr Pepper Inc

You need the following data to determine net profit margin:

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

Net income MRQ Keurig Dr Pepper Inc = 693,000
Total revenue MRQ Keurig Dr Pepper Inc = 3,867,000
$693,000 / $3,867,000 = 0.18 or 17.9%

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 Keurig Dr Pepper Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic industry mean.
1.3% Return on Assets means that Keurig Dr Pepper Inc generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Keurig Dr Pepper Inc:

The MRQ is 1.3%. Using its assets, the company is less efficient in making profit.
The TTM is 1.1%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.3%	TTM	1.1%	+0.3%
TTM	1.1%	YOY	0.7%	+0.4%
TTM	1.1%	5Y	0.8%	+0.2%
5Y	0.8%	10Y	1.5%	-0.7%

Shows how efficient Keurig Dr Pepper Inc is using its assets to generate profit.

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

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic 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 Keurig Dr Pepper Inc is using its resources to generate profit. If the return on assets (1.3%) from Keurig Dr Pepper Inc are higher than the Beverages - Non-Alcoholic mean () that means Keurig Dr Pepper Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Keurig Dr Pepper Inc is 1.3%. This means the company generated $0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on assets

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

Real example Keurig Dr Pepper Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Keurig Dr Pepper Inc = 693,000
Total assets MRQ (balance sheet) from Keurig Dr Pepper Inc = 52,130,000
693,000 / 52,130,000 = 0.01 or 1.3%

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

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

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

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

1.1.3. Return on Equity

Shows how efficient Keurig Dr Pepper Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic industry mean.
2.7% Return on Equity means Keurig Dr Pepper Inc generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Keurig Dr Pepper Inc:

The MRQ is 2.7%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.1%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	2.7%	TTM	2.1%	+0.6%
TTM	2.1%	YOY	1.4%	+0.7%
TTM	2.1%	5Y	1.7%	+0.4%
5Y	1.7%	10Y	5.1%	-3.4%

Shows how efficient Keurig Dr Pepper Inc is using its investors money to generate profit.

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

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic 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 Beverages - Non-Alcoholic 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 Keurig Dr Pepper Inc is 2.7%. This means Keurig Dr Pepper Inc generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if Keurig Dr Pepper Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on equity

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

Real example of Keurig Dr Pepper Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Keurig Dr Pepper Inc = 693,000
Shareholders equity (balance sheet) MRQ Keurig Dr Pepper Inc = 25,676,000
693,000 / 25,676,000 = 0.03 or 2.7%

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 Keurig Dr Pepper Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Keurig Dr Pepper Inc is operating .

Measures how much profit Keurig Dr Pepper Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic industry mean.
An Operating Margin of 24.9% means the company generated $0.25 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Keurig Dr Pepper Inc:

The MRQ is 24.9%. The company is operating efficient. +1
The TTM is 21.7%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	24.9%	TTM	21.7%	+3.2%
TTM	21.7%	YOY	18.6%	+3.1%
TTM	21.7%	5Y	20.0%	+1.7%
5Y	20.0%	10Y	19.9%	+0.1%

Measures how efficient Keurig Dr Pepper Inc is operating .

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

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic 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 Keurig Dr Pepper Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Keurig Dr Pepper Inc is 24.9%. This means that Keurig Dr Pepper Inc earned $0.25 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Keurig Dr Pepper Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Keurig Dr Pepper Inc = 943,000
Total revenue MRQ Keurig Dr Pepper Inc = 3,867,000
$943,000 / $3,867,000 = 0.25 or 24.9%

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 Keurig Dr Pepper Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Beverages - Non-Alcoholic industry mean).
An Operation Ratio of 0.76 means that the operating costs are $0.76 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Keurig Dr Pepper Inc:

The MRQ is 0.756. The company is efficient in keeping operating costs low. +1
The TTM is 0.786. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.756	TTM	0.786	-0.030
TTM	0.786	YOY	0.802	-0.016
TTM	0.786	5Y	0.786	0.000
5Y	0.786	10Y	0.793	-0.008

Measures how efficient Keurig Dr Pepper Inc is keeping operating costs low.

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

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic 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 Keurig Dr Pepper Inc is 75.6%. This means that Keurig Dr Pepper Inc earned $0.76 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 Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Keurig Dr Pepper Inc

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(1,683,000 +1,241,000) \ 3,867,000 = 0.76

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 Keurig Dr Pepper Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Keurig Dr Pepper Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Beverages - Non-Alcoholic industry mean).
A Current Ratio of 0.38 means the company has $0.38 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Keurig Dr Pepper Inc:

The MRQ is 0.379. The company is unable to pay all its short-term debts. -2
The TTM is 0.388. The company is unable to pay all its short-term debts. -2

Trends

Current period		Compared to		+/-
MRQ	0.379	TTM	0.388	-0.009
TTM	0.388	YOY	0.542	-0.154
TTM	0.388	5Y	0.399	-0.011
5Y	0.399	10Y	0.708	-0.309

Measures if Keurig Dr Pepper Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Beverages - Non-Alcoholic 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 Keurig Dr Pepper Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Keurig Dr Pepper Inc is 0.38. This means Keurig Dr Pepper Inc has $0.38 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Keurig Dr Pepper Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
3,375,000 \ 8,916,000) = 0.38

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

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

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

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

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

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

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic industry mean.
A Quick Ratio of 0.20 means the company can pay off $0.20 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Keurig Dr Pepper Inc:

The MRQ is 0.200. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.185. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.200	TTM	0.185	+0.016
TTM	0.185	YOY	0.303	-0.118
TTM	0.185	5Y	0.216	-0.031
5Y	0.216	10Y	0.470	-0.254

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic 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 Keurig Dr Pepper Inc can pay off its short term debts. This shows if Keurig Dr Pepper Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Keurig Dr Pepper Inc is 0.20. This means that Keurig Dr Pepper Inc can pay off $0.20 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example Keurig Dr Pepper Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Keurig Dr Pepper Inc: (267,000 + 0 +1,519,000) / 8,916,000 = 0.20

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 Keurig Dr Pepper Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Keurig Dr Pepper Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Keurig Dr Pepper Inc to Beverages - Non-Alcoholic industry mean.
A Debt to Asset Ratio of 0.51 means that Keurig Dr Pepper Inc assets are financed with 50.7% credit (debt) and the remaining percentage (100% - 50.7%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Keurig Dr Pepper Inc:

The MRQ is 0.507. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.511. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.507	TTM	0.511	-0.003
TTM	0.511	YOY	0.509	+0.002
TTM	0.511	5Y	0.520	-0.009
5Y	0.520	10Y	0.624	-0.104

Measures how much % of Keurig Dr Pepper Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Keurig Dr Pepper Inc to Beverages - Non-Alcoholic 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 Keurig Dr Pepper Inc is 0.51. This means means that Keurig Dr Pepper Inc is financed with 50.7% 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 Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Keurig Dr Pepper Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
26,454,000 \ 52,130,000 = 50.7% or 0.51.

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 Keurig Dr Pepper Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic industry mean.
A Debt to Equity ratio of 103.0% means that company has $1.03 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Keurig Dr Pepper Inc:

The MRQ is 1.030. The company is able to pay all its debts with equity. +1
The TTM is 1.045. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.030	TTM	1.045	-0.014
TTM	1.045	YOY	1.037	+0.008
TTM	1.045	5Y	1.086	-0.041
5Y	1.086	10Y	1.957	-0.871

Measures if Keurig Dr Pepper Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

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

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

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

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Keurig Dr Pepper Inc is 1.03. This means that Keurig Dr Pepper Inc can pay off $1.03 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Keurig Dr Pepper Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
26,454,000 \ 25,676,000 = 1.03 or 103.0%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Keurig Dr Pepper 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 Keurig Dr Pepper Inc generates.

Above 15 is considered overpriced but always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic industry mean.
A PE ratio of 16.84 means the investor is paying $16.84 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Keurig Dr Pepper Inc:

The EOD is 17.107. Based on the earnings, the company is fair priced.
The MRQ is 16.844. Based on the earnings, the company is fair priced.
The TTM is 21.733. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	17.107	MRQ	16.844	+0.263
MRQ	16.844	TTM	21.733	-4.889
TTM	21.733	YOY	45.058	-23.325
TTM	21.733	5Y	32.121	-10.388
5Y	32.121	10Y	31.540	+0.580

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

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

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Keurig Dr Pepper Inc to the Beverages - Non-Alcoholic 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 Keurig Dr Pepper Inc is 16.84. This means the investor is paying $16.84 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Beverages - Non-Alcoholic industry is .
What is the trend?
The trend is important because it shows you how Keurig Dr Pepper Inc is performing over time. The most recent quarter might be important if Keurig Dr Pepper Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Keurig Dr Pepper Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Keurig Dr Pepper Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

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

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 1,401,300 = EPS
PE ratio MRQ = 16.84

* 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 Keurig Dr Pepper Inc:

The EOD is 83.486. Based on how much money comes from the company's main activities, the company is overpriced. -1
The MRQ is 82.203. Based on how much money comes from the company's main activities, the company is overpriced. -1
The TTM is -38.287. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	83.486	MRQ	82.203	+1.283
MRQ	82.203	TTM	-38.287	+120.490
TTM	-38.287	YOY	21.206	-59.494
TTM	-38.287	5Y	9.330	-47.617
5Y	9.330	10Y	20.081	-10.751

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Beverages - Non-Alcoholic industry mean).
A PB ratio of 1.82 means the investor is paying $1.82 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Keurig Dr Pepper Inc:

The EOD is 1.847. Based on the equity, the company is underpriced. +1
The MRQ is 1.818. Based on the equity, the company is underpriced. +1
The TTM is 1.826. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.847	MRQ	1.818	+0.028
MRQ	1.818	TTM	1.826	-0.008
TTM	1.826	YOY	2.044	-0.218
TTM	1.826	5Y	1.879	-0.053
5Y	1.879	10Y	4.849	-2.970

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Keurig Dr Pepper Inc

Institutions are holding 67.849% of the shares of Keurig Dr Pepper Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Capital World Investors	7.9871	0.6402	108032566	13738345	14.5697
2023-12-31	Vanguard Group Inc	6.1375	0.0604	83014973	818426	0.9957
2023-12-31	BlackRock Inc	5.9655	0.0686	80688417	4504553	5.9127
2023-12-31	FMR Inc	4.7601	0.1648	64384970	3702967	6.1022
2023-12-31	Capital Research & Mgmt Co - Division 3	4.1447	0.4187	56060464	730112	1.3196
2023-12-31	State Street Corporation	3.1991	0.0701	43271010	1415160	3.381
2023-12-31	Wellington Management Company LLP	3.0941	0.26	41850944	-607110	-1.4299
2023-12-31	Geode Capital Management, LLC	1.4913	0.0701	20171821	516964	2.6302
2023-12-31	Amvescap Plc.	1.2892	0.1383	17437785	2662877	18.023
2023-12-31	JPMorgan Chase & Co	1.2017	0.052	16254516	831008	5.3879
2023-12-31	Allspring Global Investments Holdings, LLC	1.1247	0.8403	15213050	1518286	11.0866
2023-12-31	T. Rowe Price Investment Management,Inc.	1.0247	0.3003	13860293	-2133061	-13.3372
2023-12-31	Northern Trust Corp	0.855	0.0698	11564861	-608220	-4.9964
2023-12-31	T. Rowe Price Associates, Inc.	0.8425	0.051	11395106	-1368735	-10.7235
2023-12-31	Bank of America Corp	0.8084	0.0367	10933810	-1619039	-12.8978
2023-12-31	Boston Partners Global Investors, Inc	0.7601	0.4528	10281130	-3861738	-27.3052
2023-12-31	Barrow Hanley Mewhinney & Strauss LLC	0.7542	1.1958	10200975	10200975	0
2023-12-31	Goldman Sachs Group Inc	0.7315	0.0296	9894532	5242250	112.6813
2023-12-31	Morgan Stanley - Brokerage Accounts	0.7171	0.0285	9698764	1703969	21.3135
2023-12-31	NORGES BANK	0.7055	0.0556	9543201	1788108	23.0572
Total		47.594	5.0036	643753188	+39176097	+6.1%

3.2. Funds holding Keurig Dr Pepper Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	American Funds Washington Mutual A	3.2412	0.8685	43839840	2039559	4.8793
2023-12-31	Capital Group Wash Mutual Invtrs Comp	3.2412	0.8685	43839840	2039559	4.8793
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.2668	0.0592	30660251	-69292	-0.2255
2023-12-31	American Funds American Balanced A	2.0592	0.4392	27853186	5483315	24.5121
2024-03-28	Invesco QQQ Trust	1.923	0.3073	26009800	31192	0.1201
2024-02-29	Vanguard Institutional 500 Index Trust	1.8589	0.0703	25143082	266304	1.0705
2023-12-31	American Funds Fundamental Invs A	1.5719	0.5666	21261644	2008003	10.4292
2023-12-31	Capital Group Fundamental Invtrs Comp	1.5719	0.5666	21261644	2008003	10.4292
2023-12-31	Vanguard Equity-Income Inv	1.23	1.0248	16636974	-422660	-2.4775
2023-12-31	Capital Group American Mutual Comp	1.1055	0.543	14953238	-901018	-5.6831
2023-12-31	American Funds American Mutual A	1.1055	0.543	14953238	-901018	-5.6831
2023-12-31	American Funds Income Fund of Amer A	1.0161	0.3821	13744082	4009918	41.1943
2023-12-31	Capital Group Investment Co of Amer Comp	0.9871	0.3519	13351133	0	0
2023-12-31	American Funds Invmt Co of Amer A	0.9871	0.3519	13351133	0	0
2024-03-28	SPDR® S&P 500 ETF Trust	0.9364	0.0723	12665223	74160	0.589
2024-02-29	Fidelity 500 Index	0.8927	0.0701	12075031	121503	1.0165
2024-03-31	Allspring Special Mid Cap Value Inst	0.8464	2.6269	11447914	0	0
2023-12-31	Allspring Special US Mid Cap Value Eq	0.8324	2.9883	11259114	1258200	12.5809
2024-03-28	iShares Core S&P 500 ETF	0.7982	0.0723	10796400	79360	0.7405
2023-12-31	Vanguard Wellesley® Income Inv	0.7176	0.619	9705534	-339256	-3.3774
Total		29.1891	13.3918	394808301	+16785832	+4.3%

3.3. Insider Transactions

Insiders are holding 24.881% of the shares of Keurig Dr Pepper Inc.

Date	Owner	Type	Amount	Price
2024-03-15	Holdings B.v. Jab	SELL	13043478	28.9
2024-03-08	Holdings B.v. Jab	SELL	35000000	28.9
2024-03-05	Holdings B.v. Jab	SELL	51956522	28.9
2024-03-05	Priyadarshi Sudhanshu	BUY	85910	29.1
2024-03-05	Robert James Gamgort	BUY	171821	29.1
2024-03-05	Robert S Singer	SELL	12132	29.25
2023-12-12	Monique Oxender	BUY	6000	32.72
2023-11-08	Matthew Andrew Archambault	SELL	16000	31.07
2023-11-08	Timothy P Cofer	BUY	15000	31.06
2023-11-06	Timothy P Cofer	BUY	50000	31.26
2023-10-27	Karin Rotem-wildeman	BUY	7050	29.95
2023-09-15	Matthew Andrew Archambault	SELL	40000	33.61
2023-08-02	Karin Rotem-wildeman	BUY	47000	34.37
2023-05-11	Matthew Andrew Archambault	SELL	14000	32.39
2023-05-08	Maria A Sceppaguercio-gever	SELL	10000	32.88
2023-05-05	Maria A Sceppaguercio-gever	SELL	10000	33
2023-05-03	Anthony Shoemaker	BUY	9870	33.02
2023-05-03	Priyadarshi Sudhanshu	BUY	1074	32.99

4. Summary

4.1. Key Performance Indicators

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

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.286	0.181	+58%	0.031	+810%	0.115	+149%	0.416	-31%
Book Value Per Share	-	-	18.323	18.002	+2%	17.701	+4%	17.053	+7%	10.070	+82%
Current Ratio	-	-	0.379	0.388	-2%	0.542	-30%	0.399	-5%	0.708	-47%
Debt To Asset Ratio	-	-	0.507	0.511	-1%	0.509	0%	0.520	-2%	0.624	-19%
Debt To Equity Ratio	-	-	1.030	1.045	-1%	1.037	-1%	1.086	-5%	1.957	-47%
Dividend Per Share	-	-	0.214	0.203	+6%	0.189	+13%	0.171	+25%	0.123	+74%
Eps	-	-	0.495	0.387	+28%	0.251	+97%	0.294	+68%	0.146	+239%
Free Cash Flow Per Share	-	-	0.101	0.151	-33%	0.430	-76%	0.343	-70%	0.257	-61%
Free Cash Flow To Equity Per Share	-	-	0.005	0.003	+52%	0.128	-96%	0.003	+45%	0.377	-99%
Gross Profit Margin	-	-	1.000	1.000	0%	-0.260	+126%	0.745	+34%	0.871	+15%
Intrinsic Value_10Y_max	-	-	10.994	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-8.976	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.307	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	0.705	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	3.770	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	0.740	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	6.045	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-0.733	-	-	-	-	-	-	-	-
Market Cap	45771643975.680	-2%	46691316000.000	46284841750.000	+1%	51692684500.000	-10%	45646342500.000	+2%	33210642928.084	+41%
Net Profit Margin	-	-	0.179	0.147	+22%	0.105	+71%	0.128	+39%	0.126	+42%
Operating Margin	-	-	0.249	0.217	+15%	0.186	+34%	0.200	+24%	0.199	+25%
Operating Ratio	-	-	0.756	0.786	-4%	0.802	-6%	0.786	-4%	0.793	-5%
Pb Ratio	1.847	+2%	1.818	1.826	0%	2.044	-11%	1.879	-3%	4.849	-62%
Pe Ratio	17.107	+2%	16.844	21.733	-22%	45.058	-63%	32.121	-48%	31.540	-47%
Price Per Share	33.840	+2%	33.320	32.860	+1%	36.193	-8%	32.113	+4%	23.538	+42%
Price To Free Cash Flow Ratio	83.486	+2%	82.203	-38.287	+147%	21.206	+288%	9.330	+781%	20.081	+309%
Price To Total Gains Ratio	67.706	+2%	66.665	89.589	-26%	-108804.461	+163310%	-21685.344	+32629%	-10618.819	+16029%
Quick Ratio	-	-	0.200	0.185	+8%	0.303	-34%	0.216	-7%	0.470	-57%
Return On Assets	-	-	0.013	0.011	+26%	0.007	+91%	0.008	+61%	0.015	-10%
Return On Equity	-	-	0.027	0.021	+26%	0.014	+90%	0.017	+58%	0.051	-47%
Total Gains Per Share	-	-	0.500	0.383	+30%	0.220	+127%	0.286	+75%	0.539	-7%
Usd Book Value	-	-	25676000000.000	25352250000.000	+1%	25282000000.000	+2%	24232300000.000	+6%	14253250000.000	+80%
Usd Book Value Change Per Share	-	-	0.286	0.181	+58%	0.031	+810%	0.115	+149%	0.416	-31%
Usd Book Value Per Share	-	-	18.323	18.002	+2%	17.701	+4%	17.053	+7%	10.070	+82%
Usd Dividend Per Share	-	-	0.214	0.203	+6%	0.189	+13%	0.171	+25%	0.123	+74%
Usd Eps	-	-	0.495	0.387	+28%	0.251	+97%	0.294	+68%	0.146	+239%
Usd Free Cash Flow	-	-	142000000.000	212000000.000	-33%	614500000.000	-77%	488650000.000	-71%	361375000.000	-61%
Usd Free Cash Flow Per Share	-	-	0.101	0.151	-33%	0.430	-76%	0.343	-70%	0.257	-61%
Usd Free Cash Flow To Equity Per Share	-	-	0.005	0.003	+52%	0.128	-96%	0.003	+45%	0.377	-99%
Usd Market Cap	45771643975.680	-2%	46691316000.000	46284841750.000	+1%	51692684500.000	-10%	45646342500.000	+2%	33210642928.084	+41%
Usd Price Per Share	33.840	+2%	33.320	32.860	+1%	36.193	-8%	32.113	+4%	23.538	+42%
Usd Profit	-	-	693000000.000	545250000.000	+27%	359000000.000	+93%	417100000.000	+66%	313500000.000	+121%
Usd Revenue	-	-	3867000000.000	3703500000.000	+4%	3514250000.000	+10%	3214600000.000	+20%	2471250000.000	+56%
Usd Total Gains Per Share	-	-	0.500	0.383	+30%	0.220	+127%	0.286	+75%	0.539	-7%
	EOD	+2 -6	MRQ	TTM	+28 -7	YOY	+25 -11	5Y	+29 -7	10Y	+21 -15

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	17.107
Price to Book Ratio (EOD)	Between	0-1	1.847
Net Profit Margin (MRQ)	Greater than	0	0.179
Operating Margin (MRQ)	Greater than	0	0.249
Quick Ratio (MRQ)	Greater than	1	0.200
Current Ratio (MRQ)	Greater than	1	0.379
Debt to Asset Ratio (MRQ)	Less than	1	0.507
Debt to Equity Ratio (MRQ)	Less than	1	1.030
Return on Equity (MRQ)	Greater than	0.15	0.027
Return on Assets (MRQ)	Greater than	0.05	0.013
Total			3/10 (30.0%)

Create your own Stock Scanner

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	79.657
Ma 20	Greater than	Ma 50	31.143
Ma 50	Greater than	Ma 100	30.364
Ma 100	Greater than	Ma 200	31.119
Open	Greater than	Close	33.950
Total			3/5 (60.0%)

Create your own Symbol Scanner

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

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

Summary

Total Assets	52,130,000
Total Liabilities	26,454,000
Total Stockholder Equity	25,676,000

	As reported
Total Liabilities	26,454,000
Total Stockholder Equity	+ 25,676,000
Total Assets	= 52,130,000

Assets

Total Assets	52,130,000
Total Current Assets	3,375,000
Long-term Assets	48,755,000

Total Current Assets

Total Current Assets (as reported)	3,375,000
Cash And Cash Equivalents	267,000
Net Receivables	1,519,000
Inventory	1,142,000
Other Current Assets	216,000
Total Current Assets (calculated)	3,144,000
+/-	231,000

Long-term Assets

Long-term Assets (as reported)	48,755,000
Property Plant Equipment	3,575,000
Goodwill	20,202,000
Long Term Investments	1,456,000
Intangible Assets	23,287,000
Long-term Assets Other	204,000
Long-term Assets (calculated)	48,724,000
+/-	31,000

Liabilities & Shareholders' Equity

Total Current Liabilities	8,916,000
Long-term Liabilities	17,538,000
Total Stockholder Equity	25,676,000

Total Current Liabilities

Total Current Liabilities (as reported)	8,916,000
Short-term Debt	3,466,000
Short Long Term Debt	3,246,000
Accounts payable	3,597,000
Other Current Liabilities	166,000
Total Current Liabilities (calculated)	10,475,000
+/-	1,559,000

Long-term Liabilities

Long-term Liabilities (as reported)	17,538,000
Long term Debt	9,945,000
Capital Lease Obligations	1,633,000
Long-term Liabilities Other	67,000
Long-term Liabilities (calculated)	11,645,000
+/-	5,893,000

Total Stockholder Equity

Total Stockholder Equity (as reported)	25,676,000
Common Stock	14,000
Retained Earnings	4,559,000
Accumulated Other Comprehensive Income	315,000
Other Stockholders Equity	20,788,000
Total Stockholder Equity (calculated)	25,676,000
+/-	0

Other

Capital Stock	14,000
Cash and Short Term Investments	267,000
Common Stock Shares Outstanding	1,401,300
Current Deferred Revenue	1,687,000
Liabilities and Stockholders Equity	52,130,000
Net Debt	14,557,000
Net Invested Capital	38,867,000
Net Working Capital	-5,541,000
Property Plant and Equipment Gross	5,539,000
Short Long Term Debt Total	14,824,000

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

25,725
26,171
27,174
28,390
30,084
35,153
34,496
36,438
50,069
50,544
54,687
56,454
58,066
57,564
59,990
63,867
68,681
75,190
78,332
81,157
84,128
85,225
89,852
96,950
97,298
214,764
234,006
9,346,000
234,268
231,607
264,527
10,528,000
10,595,000
10,007,000
9,822,000
8,638,000
8,640,000
8,730,000
8,740,000
8,776,000
9,117,000
8,978,000
8,790,000
8,859,000
9,314,000
9,228,000
9,189,000
9,283,000
8,784,000
8,907,000
8,989,000
8,928,000
8,872,000
8,709,000
8,129,000
8,201,000
8,227,000
8,226,000
8,261,000
8,273,000
8,252,000
8,267,000
8,225,000
8,869,000
8,364,000
8,406,000
8,673,000
9,791,000
10,008,000
10,319,000
10,039,000
10,022,000
10,179,000
10,246,000
49,058,000
48,918,000
49,291,000
49,547,000
49,400,000
49,518,000
48,843,000
49,026,000
49,381,000
49,779,000
50,403,000
50,344,000
50,330,000
50,598,000
51,244,000
51,428,000
51,440,000
51,837,000
51,660,000
51,801,000
51,763,000
52,130,000

52,130,000

51,763,000

51,801,000

51,660,000

51,837,000

51,440,000

51,428,000

51,244,000

50,598,000

50,330,000

50,344,000

50,403,000

49,779,000

49,381,000

49,026,000

48,843,000

49,518,000

49,400,000

49,547,000

49,291,000

48,918,000

49,058,000

10,246,000

10,179,000

10,022,000

10,039,000

10,319,000

10,008,000

9,791,000

8,673,000

8,406,000

8,364,000

8,869,000

8,225,000

8,267,000

8,252,000

8,273,000

8,261,000

8,226,000

8,227,000

8,201,000

8,129,000

8,709,000

8,872,000

8,928,000

8,989,000

8,907,000

8,784,000

9,283,000

9,189,000

9,228,000

9,314,000

8,859,000

8,790,000

8,978,000

9,117,000

8,776,000

8,740,000

8,730,000

8,640,000

8,638,000

9,822,000

10,007,000

10,595,000

10,528,000

264,527

231,607

234,268

9,346,000

234,006

214,764

97,298

96,950

89,852

85,225

84,128

81,157

78,332

75,190

68,681

63,867

59,990

57,564

58,066

56,454

54,687

50,544

50,069

36,438

34,496

35,153

30,084

28,390

27,174

26,171

25,725

> Total Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,632,000
0
0
0
2,739,000
2,796,000
1,514,000
1,338,000
1,237,000
1,251,000
1,310,000
1,283,000
1,279,000
1,630,000
1,503,000
1,299,000
1,309,000
1,773,000
1,695,000
1,695,000
1,757,000
1,261,000
1,391,000
1,396,000
1,335,000
1,280,000
1,213,000
1,059,000
1,119,000
1,173,000
1,189,000
1,241,000
1,211,000
1,194,000
1,259,000
1,222,000
1,817,000
1,283,000
1,325,000
1,602,000
2,736,000
1,247,000
1,555,000
1,266,000
1,117,000
1,246,000
1,416,000
2,385,000
2,159,000
2,162,000
2,221,000
2,269,000
2,273,000
2,277,000
2,240,000
2,416,000
2,388,000
2,665,000
2,616,000
2,803,000
3,057,000
3,490,000
3,771,000
4,325,000
3,804,000
3,586,000
3,570,000
3,406,000
3,375,000

3,375,000

3,406,000

3,570,000

3,586,000

3,804,000

4,325,000

3,771,000

3,490,000

3,057,000

2,803,000

2,616,000

2,665,000

2,388,000

2,416,000

2,240,000

2,277,000

2,273,000

2,269,000

2,221,000

2,162,000

2,159,000

2,385,000

1,416,000

1,246,000

1,117,000

1,266,000

1,555,000

1,247,000

2,736,000

1,602,000

1,325,000

1,283,000

1,817,000

1,222,000

1,259,000

1,194,000

1,211,000

1,241,000

1,189,000

1,173,000

1,119,000

1,059,000

1,213,000

1,280,000

1,335,000

1,396,000

1,391,000

1,261,000

1,757,000

1,695,000

1,773,000

1,309,000

1,299,000

1,503,000

1,630,000

1,279,000

1,283,000

1,310,000

1,251,000

1,237,000

1,338,000

1,514,000

2,796,000

2,739,000

1,632,000

Cash And Cash Equivalents

0
0
0
0
0
0
979
0
0
0
800
0
0
0
502
0
0
0
4,514
0
0
0
6,450
0
0
0
1,066
35,000
233
1,365
2,818
67,000
99,000
300,000
239,000
214,000
219,000
235,000
282,000
280,000
571,000
411,000
224,000
315,000
657,000
550,000
651,000
701,000
192,000
303,000
383,000
366,000
208,000
113,000
119,000
153,000
120,000
135,000
266,000
237,000
93,000
127,000
207,000
911,000
275,000
245,000
620,000
1,787,000
73,000
286,000
66,000
61,000
13,000
64,000
94,000
83,000
85,000
106,000
74,000
75,000
197,000
149,000
191,000
240,000
335,000
167,000
200,000
567,000
592,000
552,000
925,000
535,000
204,000
278,000
260,000
267,000

267,000

260,000

278,000

204,000

535,000

925,000

552,000

592,000

567,000

200,000

167,000

335,000

240,000

191,000

149,000

197,000

75,000

74,000

106,000

85,000

83,000

94,000

64,000

13,000

61,000

66,000

286,000

73,000

1,787,000

620,000

245,000

275,000

911,000

207,000

127,000

93,000

237,000

266,000

135,000

120,000

153,000

119,000

113,000

208,000

366,000

383,000

303,000

192,000

701,000

651,000

550,000

657,000

315,000

224,000

411,000

571,000

280,000

282,000

235,000

219,000

214,000

239,000

300,000

99,000

67,000

2,818

1,365

233

35,000

1,066

6,450

4,514

502

800

979

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
208
32
115
162
354
161
90
182
161
575
414
161
50,280
50,400
70
940
355
30,003
30,765
30,651
27,523
9,087
9,202
10,096
12,884
5
553
713
560
1,097
432
470
0
130,177
29,474
243
0
25,561
0
0
0
0
0
0
0
0
0
0
18,000
0
0
0
0
0
0
0
90,000
88,000
88,000
86,000
85,000
59,000
0
0
0
49,000
0
0
-67,000
0

-67,000

49,000

59,000

85,000

86,000

88,000

90,000

18,000

25,561

243

29,474

130,177

470

432

1,097

560

713

553

12,884

10,096

9,202

9,087

27,523

30,651

30,765

30,003

355

940

50,400

50,280

161

414

575

161

182

161

354

162

115

208

Net Receivables

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,164,000
0
0
0
2,190,000
2,145,000
654,000
589,000
583,000
588,000
629,000
577,000
540,000
561,000
606,000
558,000
571,000
599,000
610,000
541,000
585,000
601,000
652,000
598,000
602,000
634,000
680,000
586,000
622,000
620,000
642,000
609,000
617,000
637,000
693,000
628,000
628,000
629,000
700,000
640,000
646,000
661,000
748,000
706,000
710,000
749,000
866,000
1,196,000
1,150,000
1,078,000
1,068,000
1,149,000
1,115,000
1,037,000
1,075,000
1,118,000
1,048,000
1,149,000
1,162,000
1,261,000
1,148,000
1,358,000
1,471,000
1,631,000
1,484,000
1,451,000
1,311,000
1,409,000
1,519,000

1,519,000

1,409,000

1,311,000

1,451,000

1,484,000

1,631,000

1,471,000

1,358,000

1,148,000

1,261,000

1,162,000

1,149,000

1,048,000

1,118,000

1,075,000

1,037,000

1,115,000

1,149,000

1,068,000

1,078,000

1,150,000

1,196,000

866,000

749,000

710,000

706,000

748,000

661,000

646,000

640,000

700,000

629,000

628,000

693,000

637,000

617,000

609,000

642,000

620,000

622,000

586,000

680,000

634,000

602,000

598,000

652,000

601,000

585,000

541,000

610,000

599,000

571,000

558,000

606,000

561,000

540,000

577,000

629,000

588,000

583,000

589,000

654,000

2,145,000

2,190,000

1,164,000

Other Current Assets

989
640
762
1,053
1,534
397
1,262
1,453
1,172
1,257
1,335
1,923
2,275
1,912
1,661
1,983
1,738
1,716
1,599
2,111
2,285
2,099
2,620
3,665
3,900
3,984
4,200
133,000
5,102
4,603
6,369
157,000
192,000
212,000
180,000
177,000
158,000
162,000
149,000
32,000
228,000
217,000
234,000
179,000
253,000
44,000
48,000
50,000
243,000
219,000
208,000
104,000
155,000
132,000
98,000
78,000
118,000
106,000
92,000
86,000
163,000
132,000
100,000
69,000
138,000
132,000
107,000
101,000
158,000
135,000
109,000
60,000
195,000
167,000
357,000
254,000
218,000
317,000
157,000
403,000
335,000
198,000
220,000
323,000
244,000
260,000
191,000
447,000
256,000
242,000
223,000
471,000
540,000
597,000
253,000
216,000

216,000

253,000

597,000

540,000

471,000

223,000

242,000

256,000

447,000

191,000

260,000

244,000

323,000

220,000

198,000

335,000

403,000

157,000

317,000

218,000

254,000

357,000

167,000

195,000

60,000

109,000

135,000

158,000

101,000

107,000

132,000

138,000

69,000

100,000

132,000

163,000

86,000

92,000

106,000

118,000

78,000

98,000

132,000

155,000

104,000

208,000

219,000

243,000

50,000

48,000

44,000

253,000

179,000

234,000

217,000

228,000

32,000

149,000

162,000

158,000

177,000

180,000

212,000

192,000

157,000

6,369

4,603

5,102

133,000

4,200

3,984

3,900

3,665

2,620

2,099

2,285

2,111

1,599

1,716

1,738

1,983

1,661

1,912

2,275

1,923

1,335

1,257

1,172

1,453

1,262

397

1,534

1,053

762

640

989

> Long-term 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
7,714,000
0
0
0
7,789,000
7,799,000
8,493,000
8,484,000
7,401,000
7,389,000
7,420,000
7,457,000
7,497,000
7,487,000
7,475,000
7,491,000
7,550,000
7,541,000
7,533,000
7,494,000
7,526,000
7,523,000
7,516,000
7,593,000
7,593,000
7,592,000
7,496,000
7,070,000
7,082,000
7,054,000
7,037,000
7,020,000
7,062,000
7,058,000
7,008,000
7,003,000
7,052,000
7,081,000
7,081,000
7,071,000
7,055,000
8,761,000
8,764,000
8,773,000
8,905,000
8,933,000
8,830,000
46,673,000
46,759,000
47,129,000
47,326,000
47,131,000
47,245,000
46,566,000
46,786,000
46,965,000
47,391,000
47,738,000
47,728,000
47,527,000
47,541,000
47,754,000
47,657,000
47,115,000
48,033,000
48,074,000
48,231,000
48,357,000
48,755,000

48,755,000

48,357,000

48,231,000

48,074,000

48,033,000

47,115,000

47,657,000

47,754,000

47,541,000

47,527,000

47,728,000

47,738,000

47,391,000

46,965,000

46,786,000

46,566,000

47,245,000

47,131,000

47,326,000

47,129,000

46,759,000

46,673,000

8,830,000

8,933,000

8,905,000

8,773,000

8,764,000

8,761,000

7,055,000

7,071,000

7,081,000

7,052,000

7,003,000

7,008,000

7,058,000

7,062,000

7,020,000

7,037,000

7,054,000

7,082,000

7,070,000

7,496,000

7,592,000

7,593,000

7,516,000

7,523,000

7,526,000

7,494,000

7,533,000

7,541,000

7,550,000

7,491,000

7,475,000

7,487,000

7,497,000

7,457,000

7,420,000

7,389,000

7,401,000

8,484,000

8,493,000

7,799,000

7,789,000

7,714,000

Property Plant Equipment

10,208
10,564
11,274
11,585
11,831
13,676
14,397
15,875
17,332
17,636
20,834
21,254
21,422
21,974
22,313
25,448
30,701
33,949
36,502
37,122
37,156
38,175
39,507
42,144
42,341
45,601
48,811
755,000
52,573
57,109
65,692
868,000
876,000
930,000
945,000
990,000
1,001,000
1,013,000
1,041,000
1,109,000
1,106,000
1,110,000
1,123,000
1,168,000
1,153,000
1,147,000
1,121,000
1,152,000
1,149,000
1,141,000
1,194,000
1,202,000
1,186,000
1,169,000
1,155,000
1,173,000
1,149,000
1,122,000
1,108,000
1,141,000
1,115,000
1,095,000
1,077,000
1,156,000
1,136,000
1,129,000
1,124,000
1,138,000
1,125,000
1,120,000
1,129,000
1,198,000
1,198,000
1,183,000
2,345,000
2,310,000
2,643,000
2,290,000
2,582,000
2,028,000
2,017,000
2,663,000
2,751,000
2,212,000
3,091,000
3,068,000
3,052,000
2,494,000
3,245,000
3,275,000
3,315,000
2,491,000
2,480,000
2,489,000
3,400,000
3,575,000

3,575,000

3,400,000

2,489,000

2,480,000

2,491,000

3,315,000

3,275,000

3,245,000

2,494,000

3,052,000

3,068,000

3,091,000

2,212,000

2,751,000

2,663,000

2,017,000

2,028,000

2,582,000

2,290,000

2,643,000

2,310,000

2,345,000

1,183,000

1,198,000

1,129,000

1,120,000

1,125,000

1,138,000

1,124,000

1,129,000

1,136,000

1,156,000

1,077,000

1,095,000

1,115,000

1,141,000

1,108,000

1,122,000

1,149,000

1,173,000

1,155,000

1,169,000

1,186,000

1,202,000

1,194,000

1,141,000

1,149,000

1,152,000

1,121,000

1,147,000

1,153,000

1,168,000

1,123,000

1,110,000

1,106,000

1,109,000

1,041,000

1,013,000

1,001,000

990,000

945,000

930,000

876,000

868,000

65,692

57,109

52,573

755,000

48,811

45,601

42,341

42,144

39,507

38,175

37,156

37,122

36,502

33,949

30,701

25,448

22,313

21,974

21,422

21,254

20,834

17,636

17,332

15,875

14,397

13,676

11,831

11,585

11,274

10,564

10,208

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,446
1,446
1,446
1,446
1,446
0
0
0
1,446
0
0
74,342
75,305
3,180,000
75,208
73,840
73,840
3,183,000
3,185,000
3,177,000
3,170,000
2,983,000
2,982,000
2,983,000
2,982,000
2,983,000
2,984,000
2,983,000
2,984,000
2,984,000
2,985,000
2,985,000
2,981,000
2,980,000
2,983,000
2,982,000
2,983,000
2,983,000
2,990,000
2,989,000
2,988,000
2,988,000
2,988,000
2,988,000
2,987,000
2,990,000
2,990,000
2,989,000
2,988,000
2,988,000
2,988,000
2,986,000
2,994,000
2,993,000
3,560,000
3,564,000
3,559,000
3,561,000
3,564,000
3,562,000
19,291,000
20,011,000
20,077,000
20,039,000
20,112,000
20,172,000
19,898,000
19,968,000
20,029,000
20,184,000
20,209,000
20,272,000
20,193,000
20,182,000
20,243,000
20,163,000
20,024,000
20,072,000
20,117,000
20,194,000
20,122,000
20,202,000

20,202,000

20,122,000

20,194,000

20,117,000

20,072,000

20,024,000

20,163,000

20,243,000

20,182,000

20,193,000

20,272,000

20,209,000

20,184,000

20,029,000

19,968,000

19,898,000

20,172,000

20,112,000

20,039,000

20,077,000

20,011,000

19,291,000

3,562,000

3,564,000

3,561,000

3,559,000

3,564,000

3,560,000

2,993,000

2,994,000

2,986,000

2,988,000

2,989,000

2,990,000

2,987,000

2,988,000

2,989,000

2,990,000

2,983,000

2,982,000

2,983,000

2,980,000

2,981,000

2,985,000

2,984,000

2,983,000

2,984,000

2,983,000

2,982,000

2,983,000

2,982,000

2,983,000

3,170,000

3,177,000

3,185,000

3,183,000

73,840

75,208

3,180,000

75,305

74,342

1,446

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,000
10,000
11,000
11,000
12,000
12,000
11,000
13,000
14,000
13,000
14,000
14,000
15,000
14,000
14,000
15,000
15,000
15,000
15,000
14,000
13,000
13,000
31,000
31,000
36,000
35,000
24,000
23,000
23,000
23,000
24,000
24,000
36,000
34,000
193,000
186,000
172,000
170,000
164,000
151,000
105,000
102,000
90,000
88,000
131,000
131,000
127,000
30,000
29,000
78,000
76,000
1,049,000
1,009,000
1,019,000
1,403,000
1,456,000

1,456,000

1,403,000

1,019,000

1,009,000

1,049,000

76,000

78,000

29,000

30,000

127,000

131,000

88,000

90,000

102,000

105,000

151,000

164,000

170,000

172,000

186,000

193,000

34,000

36,000

24,000

23,000

24,000

35,000

36,000

31,000

13,000

14,000

15,000

14,000

15,000

14,000

13,000

14,000

13,000

11,000

12,000

11,000

10,000

Intangible Assets

0
0
0
0
0
0
1,546
0
1,502
1,484
1,465
1,446
1,446
1,446
1,446
1,446
1,446
1,446
1,446
1,446
1,446
1,446
1,446
1,446
1,446
114,564
114,324
3,651,000
111,822
109,251
108,048
3,617,000
3,611,000
3,607,000
3,595,000
2,712,000
2,704,000
2,708,000
2,704,000
2,702,000
2,702,000
2,695,000
2,693,000
2,691,000
2,690,000
2,689,000
2,676,000
2,677,000
2,687,000
2,683,000
2,685,000
2,684,000
2,703,000
2,697,000
2,696,000
2,694,000
2,692,000
2,693,000
2,688,000
2,684,000
2,680,000
2,679,000
2,673,000
2,663,000
2,662,000
2,658,000
2,657,000
2,656,000
3,784,000
3,788,000
3,786,000
3,781,000
3,784,000
3,777,000
24,436,000
23,967,000
23,988,000
24,228,000
24,031,000
24,117,000
23,706,000
23,785,000
23,834,000
23,968,000
23,949,000
23,983,000
23,883,000
23,856,000
23,889,000
23,774,000
23,299,000
23,183,000
23,273,000
23,344,000
23,223,000
23,287,000

23,287,000

23,223,000

23,344,000

23,273,000

23,183,000

23,299,000

23,774,000

23,889,000

23,856,000

23,883,000

23,983,000

23,949,000

23,968,000

23,834,000

23,785,000

23,706,000

24,117,000

24,031,000

24,228,000

23,988,000

23,967,000

24,436,000

3,777,000

3,784,000

3,781,000

3,786,000

3,788,000

3,784,000

2,656,000

2,657,000

2,658,000

2,662,000

2,663,000

2,673,000

2,679,000

2,680,000

2,684,000

2,688,000

2,693,000

2,692,000

2,694,000

2,696,000

2,697,000

2,703,000

2,684,000

2,685,000

2,683,000

2,687,000

2,677,000

2,676,000

2,689,000

2,690,000

2,691,000

2,693,000

2,695,000

2,702,000

2,704,000

2,708,000

2,704,000

2,712,000

3,595,000

3,607,000

3,611,000

3,617,000

108,048

109,251

111,822

3,651,000

114,324

114,564

1,446

1,465

1,484

1,502

1,546

Long-term Assets 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
119,000
0
0
0
100,000
106,000
565,000
572,000
564,000
558,000
562,000
566,000
543,000
543,000
542,000
541,000
552,000
554,000
554,000
574,000
573,000
558,000
565,000
583,000
580,000
572,000
540,000
129,000
127,000
107,000
112,000
121,000
159,000
193,000
124,000
133,000
150,000
146,000
160,000
160,000
183,000
161,000
162,000
168,000
230,000
233,000
144,000
315,000
259,000
183,000
572,000
176,000
748,000
811,000
201,000
192,000
894,000
314,000
233,000
232,000
937,000
259,000
283,000
318,000
1,252,000
1,160,000
1,153,000
177,000
204,000

204,000

177,000

1,153,000

1,160,000

1,252,000

318,000

283,000

259,000

937,000

232,000

233,000

314,000

894,000

192,000

201,000

811,000

748,000

176,000

572,000

183,000

259,000

315,000

144,000

233,000

230,000

168,000

162,000

161,000

183,000

160,000

146,000

150,000

133,000

124,000

193,000

159,000

121,000

112,000

107,000

127,000

129,000

540,000

572,000

580,000

583,000

565,000

558,000

573,000

574,000

554,000

552,000

541,000

542,000

543,000

566,000

562,000

558,000

564,000

572,000

565,000

106,000

100,000

119,000

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
142,000
135,000
139,000
144,000
147,000
146,000
131,000
131,000
132,000
132,000
134,000
130,000
126,000
87,000
88,000
85,000
80,000
82,000
77,000
74,000
67,000
67,000
62,000
64,000
66,000
64,000
62,000
62,000
63,000
61,000
60,000
62,000
65,000
60,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

60,000

65,000

62,000

60,000

61,000

63,000

62,000

64,000

66,000

64,000

62,000

67,000

74,000

77,000

82,000

80,000

85,000

88,000

87,000

126,000

130,000

134,000

132,000

131,000

146,000

147,000

144,000

139,000

135,000

142,000

> Total Liabilities

13,686
17,740
17,157
15,588
15,483
18,305
15,896
14,710
26,586
25,315
27,622
27,036
26,530
24,542
24,842
25,851
28,848
33,487
33,917
33,757
34,219
28,794
29,460
32,512
29,732
144,140
159,066
6,096,000
147,885
138,690
165,428
5,507,000
5,550,000
6,760,000
6,492,000
6,031,000
5,904,000
5,810,000
5,662,000
5,589,000
6,055,000
6,155,000
6,205,000
6,400,000
6,884,000
6,891,000
6,933,000
7,020,000
6,524,000
6,612,000
6,671,000
6,648,000
6,633,000
6,405,000
5,821,000
5,924,000
6,001,000
5,957,000
5,898,000
5,979,000
6,031,000
6,005,000
6,028,000
6,686,000
6,262,000
6,264,000
6,544,000
7,657,000
7,815,000
8,164,000
7,910,000
7,571,000
7,693,000
7,524,000
26,765,000
26,385,000
26,617,000
26,664,000
26,486,000
26,261,000
26,203,000
26,103,000
26,084,000
25,949,000
26,332,000
26,101,000
25,925,000
25,626,000
25,733,000
26,037,000
26,339,000
26,712,000
26,558,000
26,534,000
26,399,000
26,454,000

26,454,000

26,399,000

26,534,000

26,558,000

26,712,000

26,339,000

26,037,000

25,733,000

25,626,000

25,925,000

26,101,000

26,332,000

25,949,000

26,084,000

26,103,000

26,203,000

26,261,000

26,486,000

26,664,000

26,617,000

26,385,000

26,765,000

7,524,000

7,693,000

7,571,000

7,910,000

8,164,000

7,815,000

7,657,000

6,544,000

6,264,000

6,262,000

6,686,000

6,028,000

6,005,000

6,031,000

5,979,000

5,898,000

5,957,000

6,001,000

5,924,000

5,821,000

6,405,000

6,633,000

6,648,000

6,671,000

6,612,000

6,524,000

7,020,000

6,933,000

6,891,000

6,884,000

6,400,000

6,205,000

6,155,000

6,055,000

5,589,000

5,662,000

5,810,000

5,904,000

6,031,000

6,492,000

6,760,000

5,550,000

5,507,000

165,428

138,690

147,885

6,096,000

159,066

144,140

29,732

32,512

29,460

28,794

34,219

33,757

33,917

33,487

28,848

25,851

24,842

24,542

26,530

27,036

27,622

25,315

26,586

14,710

15,896

18,305

15,483

15,588

17,157

17,740

13,686

> Total Current Liabilities

7,935
8,032
8,374
7,640
9,211
10,017
9,640
9,548
11,124
10,925
11,766
13,407
13,604
12,270
13,354
16,436
17,469
16,418
17,746
19,680
20,317
20,779
21,223
25,498
23,757
27,100
38,809
1,691,000
36,157
39,448
57,048
1,135,000
1,617,000
1,103,000
903,000
801,000
821,000
816,000
872,000
854,000
850,000
960,000
984,000
1,338,000
1,413,000
1,561,000
1,726,000
1,915,000
1,412,000
1,734,000
1,736,000
1,232,000
1,212,000
1,064,000
956,000
1,030,000
1,105,000
1,063,000
1,024,000
1,038,000
1,555,000
1,563,000
1,589,000
1,583,000
1,176,000
1,170,000
1,483,000
1,051,000
1,147,000
1,580,000
1,359,000
1,238,000
1,624,000
1,526,000
5,967,000
5,702,000
6,656,000
6,695,000
6,550,000
6,474,000
6,858,000
7,298,000
7,329,000
7,694,000
7,225,000
6,917,000
6,795,000
6,485,000
6,448,000
6,761,000
7,233,000
8,076,000
9,127,000
9,056,000
8,814,000
8,916,000

8,916,000

8,814,000

9,056,000

9,127,000

8,076,000

7,233,000

6,761,000

6,448,000

6,485,000

6,795,000

6,917,000

7,225,000

7,694,000

7,329,000

7,298,000

6,858,000

6,474,000

6,550,000

6,695,000

6,656,000

5,702,000

5,967,000

1,526,000

1,624,000

1,238,000

1,359,000

1,580,000

1,147,000

1,051,000

1,483,000

1,170,000

1,176,000

1,583,000

1,589,000

1,563,000

1,555,000

1,038,000

1,024,000

1,063,000

1,105,000

1,030,000

956,000

1,064,000

1,212,000

1,232,000

1,736,000

1,734,000

1,412,000

1,915,000

1,726,000

1,561,000

1,413,000

1,338,000

984,000

960,000

850,000

854,000

872,000

816,000

821,000

801,000

903,000

1,103,000

1,617,000

1,135,000

57,048

39,448

36,157

1,691,000

38,809

27,100

23,757

25,498

21,223

20,779

20,317

19,680

17,746

16,418

17,469

16,436

13,354

12,270

13,604

13,407

11,766

10,925

11,124

9,548

9,640

10,017

9,211

7,640

8,374

8,032

7,935

Short-term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
708,000
0
0
0
126,000
612,000
220,000
35,000
5,000
5,000
0
0
0
16,000
40,000
-946,000
404,000
403,000
402,000
401,000
452,000
452,000
701,000
701,000
250,000
250,000
69,000
1,000
66,000
152,000
72,000
2,000
3,000
504,000
505,000
505,000
507,000
8,000
9,000
368,000
10,000
10,000
312,000
82,000
79,000
383,000
264,000
1,790,000
1,484,000
2,106,000
1,806,000
1,860,000
1,593,000
1,957,000
2,371,000
2,295,000
2,345,000
1,879,000
1,456,000
1,131,000
304,000
174,000
185,000
192,000
895,000
2,310,000
2,635,000
3,006,000
3,466,000

3,466,000

3,006,000

2,635,000

2,310,000

895,000

192,000

185,000

174,000

304,000

1,131,000

1,456,000

1,879,000

2,345,000

2,295,000

2,371,000

1,957,000

1,593,000

1,860,000

1,806,000

2,106,000

1,484,000

1,790,000

264,000

383,000

79,000

82,000

312,000

10,000

368,000

9,000

8,000

507,000

505,000

504,000

3,000

2,000

72,000

152,000

66,000

1,000

69,000

250,000

701,000

452,000

401,000

402,000

403,000

404,000

-946,000

40,000

16,000

5,000

35,000

220,000

612,000

126,000

708,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,448
0
0
0
279
501,000
0
0
186,247
1,000
0
0
219,076
3,000
219,065
219,000
386,000
386,000
2,018,000
1,806,000
1,761,000
1,593,000
1,957,000
2,256,000
2,182,000
2,345,000
1,750,000
1,323,000
998,000
304,000
0
0
0
895,000
2,310,000
2,635,000
2,798,000
3,246,000

3,246,000

2,798,000

2,635,000

2,310,000

895,000

304,000

998,000

1,323,000

1,750,000

2,345,000

2,182,000

2,256,000

1,957,000

1,593,000

1,761,000

1,806,000

2,018,000

386,000

219,000

219,065

3,000

219,076

1,000

186,247

501,000

279

22,448

Accounts payable

5,110
4,814
6,125
5,552
6,184
5,538
6,099
5,852
5,739
5,335
6,271
6,275
6,720
5,033
6,352
7,771
9,963
7,750
8,382
9,079
10,354
10,422
10,440
11,978
11,998
14,417
23,124
788,000
21,229
23,429
37,778
987,000
982,000
877,000
296,000
234,000
281,000
255,000
258,000
252,000
289,000
313,000
947,000
851,000
331,000
299,000
288,000
265,000
313,000
337,000
297,000
283,000
317,000
299,000
271,000
271,000
295,000
313,000
319,000
289,000
350,000
305,000
310,000
277,000
357,000
359,000
311,000
303,000
353,000
367,000
387,000
365,000
377,000
484,000
2,229,000
2,300,000
2,558,000
2,909,000
2,976,000
3,176,000
3,238,000
3,377,000
3,517,000
3,740,000
3,871,000
3,976,000
4,072,000
4,316,000
4,510,000
4,950,000
5,284,000
5,206,000
4,947,000
4,601,000
4,090,000
3,597,000

3,597,000

4,090,000

4,601,000

4,947,000

5,206,000

5,284,000

4,950,000

4,510,000

4,316,000

4,072,000

3,976,000

3,871,000

3,740,000

3,517,000

3,377,000

3,238,000

3,176,000

2,976,000

2,909,000

2,558,000

2,300,000

2,229,000

484,000

377,000

365,000

387,000

367,000

353,000

303,000

311,000

359,000

357,000

277,000

310,000

305,000

350,000

289,000

319,000

313,000

295,000

271,000

299,000

317,000

283,000

297,000

337,000

313,000

265,000

288,000

299,000

331,000

851,000

947,000

313,000

289,000

252,000

258,000

255,000

281,000

234,000

296,000

877,000

982,000

987,000

37,778

23,429

21,229

788,000

23,124

14,417

11,998

11,978

10,440

10,422

10,354

9,079

8,382

7,750

9,963

7,771

6,352

5,033

6,720

6,275

6,271

5,335

5,739

5,852

6,099

5,538

6,184

5,552

6,125

4,814

5,110

Other Current Liabilities

2,423
2,884
2,114
1,959
2,867
4,285
3,346
2,696
2,614
2,900
2,302
3,260
3,708
4,090
3,879
4,290
4,455
5,833
6,082
6,331
6,419
6,821
6,536
8,893
8,152
12,433
15,588
195,000
14,856
15,342
17,764
22,000
23,000
6,000
186,000
476,000
540,000
561,000
614,000
602,000
509,000
571,000
947,000
18,000
614,000
795,000
972,000
1,133,000
582,000
425,000
673,000
634,000
580,000
631,000
619,000
628,000
593,000
613,000
639,000
682,000
637,000
689,000
710,000
735,000
747,000
738,000
740,000
674,000
720,000
837,000
826,000
730,000
800,000
714,000
274,000
380,000
110,000
516,000
73,000
445,000
445,000
81,000
57,000
416,000
43,000
44,000
44,000
613,000
1,764,000
1,626,000
1,757,000
1,975,000
1,870,000
664,000
124,000
166,000

166,000

124,000

664,000

1,870,000

1,975,000

1,757,000

1,626,000

1,764,000

613,000

44,000

43,000

416,000

57,000

81,000

445,000

73,000

516,000

110,000

380,000

274,000

714,000

800,000

730,000

826,000

837,000

720,000

674,000

740,000

738,000

747,000

735,000

710,000

689,000

637,000

682,000

639,000

613,000

593,000

628,000

619,000

631,000

580,000

634,000

673,000

425,000

582,000

1,133,000

972,000

795,000

614,000

18,000

947,000

571,000

509,000

602,000

614,000

561,000

540,000

476,000

186,000

6,000

23,000

22,000

17,764

15,342

14,856

195,000

15,588

12,433

8,152

8,893

6,536

6,821

6,419

6,331

6,082

5,833

4,455

4,290

3,879

4,090

3,708

3,260

2,302

2,900

2,614

2,696

3,346

4,285

2,867

1,959

2,114

2,884

2,423

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,405,000
0
0
0
4,372,000
3,933,000
5,657,000
5,589,000
5,230,000
5,083,000
4,994,000
4,790,000
4,735,000
5,205,000
5,195,000
5,221,000
5,062,000
5,471,000
5,330,000
5,207,000
5,105,000
5,112,000
4,878,000
4,935,000
5,416,000
5,421,000
5,341,000
4,865,000
4,894,000
4,896,000
4,894,000
4,874,000
4,941,000
4,476,000
4,442,000
4,439,000
5,103,000
5,086,000
5,094,000
5,061,000
6,606,000
6,668,000
6,584,000
6,551,000
6,333,000
6,069,000
5,998,000
20,798,000
20,683,000
19,961,000
19,969,000
19,936,000
19,787,000
19,345,000
18,805,000
18,755,000
18,255,000
19,107,000
19,184,000
19,130,000
19,141,000
19,285,000
19,276,000
19,106,000
18,636,000
17,431,000
17,478,000
17,585,000
17,538,000

17,538,000

17,585,000

17,478,000

17,431,000

18,636,000

19,106,000

19,276,000

19,285,000

19,141,000

19,130,000

19,184,000

19,107,000

18,255,000

18,755,000

18,805,000

19,345,000

19,787,000

19,936,000

19,969,000

19,961,000

20,683,000

20,798,000

5,998,000

6,069,000

6,333,000

6,551,000

6,584,000

6,668,000

6,606,000

5,061,000

5,094,000

5,086,000

5,103,000

4,439,000

4,442,000

4,476,000

4,941,000

4,874,000

4,894,000

4,896,000

4,894,000

4,865,000

5,341,000

5,421,000

5,416,000

4,935,000

4,878,000

5,112,000

5,105,000

5,207,000

5,330,000

5,471,000

5,062,000

5,221,000

5,195,000

5,205,000

4,735,000

4,790,000

4,994,000

5,083,000

5,230,000

5,589,000

5,657,000

3,933,000

4,372,000

4,405,000

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
2,566,000
2,568,000
2,571,000
1,687,000
2,182,000
2,184,000
2,210,000
2,256,000
2,247,000
2,020,000
2,065,000
2,554,000
2,547,000
2,521,000
2,521,000
2,508,000
2,523,000
2,537,000
2,539,000
2,588,000
2,113,000
2,097,000
2,130,000
2,875,000
2,907,000
2,921,000
2,956,000
4,468,000
4,467,000
4,391,000
4,399,000
4,400,000
4,135,000
4,126,000
305,000
305,000
13,246,000
13,164,000
13,147,000
12,827,000
12,431,000
11,849,000
11,707,000
11,143,000
11,715,000
11,721,000
11,727,000
11,578,000
11,584,000
11,555,000
11,561,000
11,072,000
9,929,000
9,934,000
0
0

9,934,000

9,929,000

11,072,000

11,561,000

11,555,000

11,584,000

11,578,000

11,727,000

11,721,000

11,715,000

11,143,000

11,707,000

11,849,000

12,431,000

12,827,000

13,147,000

13,164,000

13,246,000

305,000

4,126,000

4,135,000

4,400,000

4,399,000

4,391,000

4,467,000

4,468,000

2,956,000

2,921,000

2,907,000

2,875,000

2,130,000

2,097,000

2,113,000

2,588,000

2,539,000

2,537,000

2,523,000

2,508,000

2,521,000

2,547,000

2,554,000

2,065,000

2,020,000

2,247,000

2,256,000

2,210,000

2,184,000

2,182,000

1,687,000

2,571,000

2,568,000

2,566,000

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
142,000
135,000
139,000
144,000
147,000
146,000
131,000
131,000
132,000
132,000
134,000
130,000
126,000
87,000
88,000
85,000
80,000
82,000
77,000
74,000
67,000
67,000
62,000
64,000
66,000
64,000
62,000
62,000
63,000
61,000
60,000
62,000
65,000
60,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

60,000

65,000

62,000

60,000

61,000

63,000

62,000

64,000

66,000

64,000

62,000

67,000

74,000

77,000

82,000

80,000

85,000

88,000

87,000

126,000

130,000

134,000

132,000

131,000

146,000

147,000

144,000

139,000

135,000

142,000

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
129
157
120
99
80
235
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,123
5,157
5,191
34,646
29,029
28,768
27,658
18,082
18,229
28,603
32,544
26,987
25,687
23,858
28,721
29,333
25,976
23,402
23,085
52,828
52,123
53,277
42,525
42,944
0
0
1,585,589
2,131,000
0
0
1,571,580
1,087,000
1,072,398
1,047,000
6,199,000
6,171,000
6,167,000
6,262,000
6,247,000
6,264,000
6,146,000
6,164,000
6,190,000
5,993,000
6,265,000
6,232,000
6,187,000
6,201,000
6,273,000
6,217,000
7,545,000
5,949,000
5,958,000
0
0
0

5,958,000

5,949,000

7,545,000

6,217,000

6,273,000

6,201,000

6,187,000

6,232,000

6,265,000

5,993,000

6,190,000

6,164,000

6,146,000

6,264,000

6,247,000

6,262,000

6,167,000

6,171,000

6,199,000

1,047,000

1,072,398

1,087,000

1,571,580

2,131,000

1,585,589

42,944

42,525

53,277

52,123

52,828

23,085

23,402

25,976

29,333

28,721

23,858

25,687

26,987

32,544

28,603

18,229

18,082

27,658

28,768

29,029

34,646

5,191

5,157

5,123

235

120

157

129

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,903,000
1,893,000
1,926,000
2,598,000
2,498,000
2,350,000
2,186,000
2,035,000
2,036,000
2,038,000
2,037,000
2,016,000
2,021,000
2,021,000
2,079,000
2,073,000
2,072,000
2,062,000
0
2,051,000
2,060,000
2,047,000
0
1,968,000
1,963,000
1,961,000
1,134,000
1,929,000
1,943,000
1,945,000
1,948,000
1,669,000
1,661,000
1,666,000
5,974,000
5,923,000
5,940,000
6,034,000
6,022,000
6,030,000
5,917,000
5,922,000
5,945,000
5,993,000
6,025,000
5,972,000
5,940,000
5,986,000
6,054,000
6,007,000
5,745,000
5,739,000
5,739,000
5,736,000
0
0

5,736,000

5,739,000

5,745,000

6,007,000

6,054,000

5,986,000

5,940,000

5,972,000

6,025,000

5,993,000

5,945,000

5,922,000

5,917,000

6,030,000

6,022,000

6,034,000

5,940,000

5,923,000

5,974,000

1,666,000

1,661,000

1,669,000

1,948,000

1,945,000

1,943,000

1,929,000

1,134,000

1,961,000

1,963,000

1,968,000

2,047,000

2,060,000

2,051,000

2,062,000

2,072,000

2,073,000

2,079,000

2,021,000

2,016,000

2,037,000

2,038,000

2,036,000

2,035,000

2,186,000

2,350,000

2,498,000

2,598,000

1,926,000

1,893,000

1,903,000

> Total Stockholder Equity

12,039
8,431
10,017
12,802
14,601
16,848
18,600
21,728
23,483
25,229
27,065
29,418
31,536
33,022
35,148
38,016
39,833
41,703
44,415
47,400
49,909
56,431
60,392
64,438
67,566
70,624
74,940
3,250,000
86,383
92,917
99,099
5,021,000
5,045,000
3,247,000
3,330,000
2,607,000
2,736,000
2,920,000
3,078,000
3,187,000
3,062,000
2,823,000
2,585,000
2,459,000
2,430,000
2,337,000
2,256,000
2,263,000
2,260,000
2,295,000
2,318,000
2,280,000
2,239,000
2,304,000
2,308,000
2,277,000
2,226,000
2,269,000
2,363,000
2,294,000
2,221,000
2,262,000
2,197,000
2,183,000
2,102,000
2,142,000
2,129,000
2,134,000
2,193,000
2,155,000
2,129,000
2,451,000
2,486,000
2,722,000
22,293,000
22,533,000
22,674,000
22,883,000
22,914,000
23,257,000
22,640,000
22,923,000
23,296,000
23,829,000
24,070,000
24,242,000
24,405,000
24,972,000
25,511,000
25,391,000
25,102,000
25,126,000
25,103,000
25,268,000
25,364,000
25,676,000

25,676,000

25,364,000

25,268,000

25,103,000

25,126,000

25,102,000

25,391,000

25,511,000

24,972,000

24,405,000

24,242,000

24,070,000

23,829,000

23,296,000

22,923,000

22,640,000

23,257,000

22,914,000

22,883,000

22,674,000

22,533,000

22,293,000

2,722,000

2,486,000

2,451,000

2,129,000

2,155,000

2,193,000

2,134,000

2,129,000

2,142,000

2,102,000

2,183,000

2,197,000

2,262,000

2,221,000

2,294,000

2,363,000

2,269,000

2,226,000

2,277,000

2,308,000

2,304,000

2,239,000

2,280,000

2,318,000

2,295,000

2,260,000

2,263,000

2,256,000

2,337,000

2,430,000

2,459,000

2,585,000

2,823,000

3,062,000

3,187,000

3,078,000

2,920,000

2,736,000

2,607,000

3,330,000

3,247,000

5,045,000

5,021,000

99,099

92,917

86,383

3,250,000

74,940

70,624

67,566

64,438

60,392

56,431

49,909

47,400

44,415

41,703

39,833

38,016

35,148

33,022

31,536

29,418

27,065

25,229

23,483

21,728

18,600

16,848

14,601

12,802

10,017

8,431

12,039

Common Stock

364
365
367
374
754
775
780
786
788
791
795
800
810
812
816
818
821
823
826
830
834
858
864
866
869
873
879
887
893
897
2,470
2,493
2,514
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000
14,000

14,000

2,000

3,000

2,514

2,493

2,470

897

893

887

879

873

869

866

864

858

834

830

826

823

821

818

816

812

810

800

795

791

788

786

780

775

754

374

367

365

364

Retained Earnings

480
1,282
2,778
4,511
5,690
7,076
8,459
10,701
12,149
13,644
14,636
16,940
18,082
19,414
20,845
23,493
24,833
26,598
28,609
31,149
33,105
35,172
37,623
40,837
42,751
44,486
45,590
48,277
51,295
55,289
58,469
61,054
66,223
85,000
191,000
-430,000
-298,000
-140,000
11,000
87,000
138,000
260,000
346,000
400,000
458,000
559,000
643,000
740,000
769,000
874,000
981,000
1,080,000
1,107,000
1,184,000
1,313,000
1,393,000
1,466,000
1,594,000
1,702,000
1,771,000
1,835,000
1,962,000
2,072,000
2,165,000
2,194,000
2,248,000
2,246,000
2,266,000
2,336,000
2,346,000
2,311,000
2,651,000
2,667,000
2,920,000
1,122,000
1,178,000
1,192,000
1,294,000
1,388,000
1,582,000
1,527,000
1,613,000
1,845,000
2,061,000
2,174,000
2,357,000
2,621,000
3,199,000
3,518,000
3,471,000
3,367,000
3,539,000
3,724,000
3,948,000
4,165,000
4,559,000

4,559,000

4,165,000

3,948,000

3,724,000

3,539,000

3,367,000

3,471,000

3,518,000

3,199,000

2,621,000

2,357,000

2,174,000

2,061,000

1,845,000

1,613,000

1,527,000

1,582,000

1,388,000

1,294,000

1,192,000

1,178,000

1,122,000

2,920,000

2,667,000

2,651,000

2,311,000

2,346,000

2,336,000

2,266,000

2,246,000

2,248,000

2,194,000

2,165,000

2,072,000

1,962,000

1,835,000

1,771,000

1,702,000

1,594,000

1,466,000

1,393,000

1,313,000

1,184,000

1,107,000

1,080,000

981,000

874,000

769,000

740,000

643,000

559,000

458,000

400,000

346,000

260,000

138,000

87,000

11,000

-140,000

-298,000

-430,000

191,000

85,000

66,223

61,054

58,469

55,289

51,295

48,277

45,590

44,486

42,751

40,837

37,623

35,172

33,105

31,149

28,609

26,598

24,833

23,493

20,845

19,414

18,082

16,940

14,636

13,644

12,149

10,701

8,459

7,076

5,690

4,511

2,778

1,282

480

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,962,000
2,617,000
2,277,000
2,085,000
1,996,000
1,798,000
1,708,000
1,631,000
1,575,000
1,524,000
1,433,000
1,308,000
1,227,000
1,222,000
1,116,000
970,000
939,000
808,000
758,000
658,000
546,000
447,000
313,000
211,000
93,000
94,000
94,000
95,000
61,000
0
0
0
0
0
21,020,000
21,471,000
21,505,000
21,524,000
21,539,000
21,557,000
21,579,000
21,624,000
21,654,000
21,677,000
21,718,000
21,743,000
21,764,000
21,785,000
21,764,000
21,701,000
21,730,000
21,444,000
21,210,000
21,009,000
0
0

21,009,000

21,210,000

21,444,000

21,730,000

21,701,000

21,764,000

21,785,000

21,764,000

21,743,000

21,718,000

21,677,000

21,654,000

21,624,000

21,579,000

21,557,000

21,539,000

21,524,000

21,505,000

21,471,000

21,020,000

61,000

95,000

94,000

93,000

211,000

313,000

447,000

546,000

658,000

758,000

808,000

939,000

970,000

1,116,000

1,222,000

1,227,000

1,308,000

1,433,000

1,524,000

1,575,000

1,631,000

1,708,000

1,798,000

1,996,000

2,085,000

2,277,000

2,617,000

2,962,000

Treasury Stock

-7,336

-7,050

-7,051

-7,029

-6,867

-2,348

Other Stockholders 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
3,749,000
0
0
0
5,001,000
5,048,000
3,169,000
3,163,000
3,140,000
3,143,000
3,143,000
3,147,000
3,156,000
2,962,000
2,617,000
2,277,000
2,085,000
1,996,000
1,798,000
1,708,000
1,631,000
1,575,000
1,524,000
1,433,000
1,308,000
1,227,000
1,222,000
1,096,000
970,000
849,000
758,000
758,000
658,000
546,000
447,000
313,000
211,000
93,000
94,000
94,000
95,000
61,000
-193,000
-184,000
-202,000
-183,000
-200,000
21,020,000
21,471,000
21,505,000
21,524,000
21,539,000
21,557,000
21,579,000
21,624,000
21,654,000
21,677,000
21,785,000
21,743,000
21,764,000
21,785,000
21,764,000
21,701,000
21,730,000
21,444,000
21,210,000
21,009,000
21,014,000
20,788,000

20,788,000

21,014,000

21,009,000

21,210,000

21,444,000

21,730,000

21,701,000

21,764,000

21,785,000

21,764,000

21,743,000

21,785,000

21,677,000

21,654,000

21,624,000

21,579,000

21,557,000

21,539,000

21,524,000

21,505,000

21,471,000

21,020,000

-200,000

-183,000

-202,000

-184,000

-193,000

61,000

95,000

94,000

93,000

211,000

313,000

447,000

546,000

658,000

758,000

849,000

970,000

1,096,000

1,222,000

1,227,000

1,308,000

1,433,000

1,524,000

1,575,000

1,631,000

1,708,000

1,798,000

1,996,000

2,085,000

2,277,000

2,617,000

2,962,000

3,156,000

3,147,000

3,143,000

3,140,000

3,163,000

3,169,000

5,048,000

5,001,000

3,749,000

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
Accounts Payable	3,597,000	5,206,000	4,316,000	3,740,000	3,176,000	2,300,000	365,000	303,000	277,000	289,000	271,000	283,000	265,000	851,000	850,000	234,000	987,000	788,000	10,440	8,382	6,352	6,271	6,099	6,125
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
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
Accumulated Other Comprehensive Income	315,000	129,000	-26,000	77,000	104,000	-130,000	-202,000	-229,000	-195,000	-137,000	-88,000	-110,000	-110,000	-28,000	-59,000	-106,000	20,000	3,250,000	0	0	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	1,633,000	1,616,000	1,384,000	994,000	806,000	305,000	183,000	153,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	14,000	14,000	14,000	14,000	14,000	14,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	21,444,000	21,785,000	21,677,000	21,557,000	21,471,000	0	95,000	211,000	658,000	970,000	1,308,000	1,631,000	2,085,000	0	0	0	0	0	0	0	0	0	0
Cash	267,000	535,000	567,000	240,000	75,000	83,000	61,000	1,787,000	911,000	237,000	153,000	366,000	701,000	315,000	280,000	214,000	67,000	35,000	28,000	19,000	502	800	979	489
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
Cash And Short Term Investments	267,000	535,000	567,000	240,000	75,000	83,000	61,000	1,787,000	911,000	237,000	153,000	366,000	701,000	315,000	280,000	214,000	67,000	35,000	28,000	19,000	0	0	0	0
Common Stock	14,000	14,000	14,000	14,000	14,000	14,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	3,000	3,000	2,470	879	864	826	816	795	780	367
Common Stock Shares Outstanding	1,408,400	1,428,500	1,427,900	1,422,100	1,419,100	1,097,600	914,000	933,000	962,000	964,788	1,022,500	1,026,463	1,106,000	1,213,000	1,276,000	1,270,000	1,267,500	1,267,500	1,268,500	1,268,500	1,268,500	1,268,500	1,268,500	1,268,500
Common Stock Total Equity	0	14,000	14,000	14,000	14,000	14,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	3,000	3,000	0	0	0	0	0	0	0	0
Current Deferred Revenue	1,687,000	0	1,252,000	1,193,000	1,260,000	60,000	64,000	64,000	64,000	64,000	65,000	65,000	65,000	65,000	0	86,000	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	62,000	62,000	64,000	74,000	85,000	130,000	131,000	144,000	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	5,739,000	5,986,000	5,993,000	6,030,000	5,923,000	1,669,000	1,929,000	1,968,000	2,051,000	2,073,000	2,016,000	2,035,000	2,598,000	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
Good Will	20,202,000	20,072,000	20,182,000	20,184,000	20,172,000	20,011,000	3,561,000	2,993,000	2,988,000	2,990,000	2,988,000	2,983,000	2,980,000	2,984,000	2,983,000	2,983,000	3,183,000	3,180,000	1,446	1,446	1,446	0	0	0
Intangible Assets	23,287,000	23,183,000	23,856,000	23,968,000	24,117,000	23,967,000	3,781,000	2,656,000	2,663,000	2,684,000	2,694,000	2,684,000	2,677,000	2,691,000	2,702,000	2,712,000	3,617,000	3,651,000	1,446	1,446	1,446	1,465	1,546	0
Inventory	1,142,000	1,314,000	894,000	762,000	654,000	626,000	229,000	202,000	209,000	204,000	200,000	197,000	212,000	244,000	262,000	263,000	325,000	300,000	14,039	9,580	7,465	5,876	6,059	5,350
Liabilities And Stockholders Equity	52,130,000	51,837,000	50,598,000	49,779,000	49,518,000	48,918,000	10,022,000	9,791,000	8,869,000	8,273,000	8,201,000	8,928,000	9,283,000	8,859,000	8,776,000	8,638,000	10,528,000	9,346,000	7,433,000	7,625,000	0	0	0	0
Long Term Debt	9,945,000	11,072,000	11,578,000	11,143,000	12,827,000	14,201,000	4,230,000	4,325,000	2,746,000	2,588,000	2,508,000	521,778	575,969	335,504	73,013	123,517	90,050	102,871	5,218	14,039	8,908	15,209	6,256	8,783
Long Term Debt Total	0	11,072,000	11,578,000	11,143,000	12,827,000	305,000	4,400,000	4,468,000	2,875,000	2,588,000	2,508,000	2,554,000	2,256,000	1,687,000	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,456,000	1,049,000	30,000	88,000	151,000	186,000	24,000	23,000	31,000	14,000	15,000	14,000	13,000	11,000	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
Net Debt	14,557,000	11,432,000	11,315,000	13,248,000	14,345,000	15,907,000	4,418,000	2,691,000	2,471,000	2,354,000	2,421,000	2,438,000	2,007,000	1,776,000	2,680,000	3,313,000	2,971,000	3,757,000	2,830,000	3,449,000	0	0	0	0
Net Invested Capital	38,867,000	37,093,000	36,854,000	37,317,000	37,677,000	38,192,000	6,747,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	1,519,000	1,484,000	1,148,000	1,048,000	1,115,000	1,150,000	710,000	646,000	628,000	617,000	622,000	602,000	585,000	571,000	572,000	583,000	2,190,000	1,164,000	0	0	0	0	0	0
Net Tangible Assets	0	-18,129,000	-19,066,000	-20,323,000	-21,032,000	-21,445,000	-4,891,000	-3,515,000	-3,468,000	-3,380,000	-3,405,000	-3,387,000	-3,394,000	-3,216,000	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-5,541,000	-4,272,000	-3,428,000	-5,306,000	-4,201,000	-3,543,000	-121,000	1,685,000	234,000	173,000	89,000	103,000	-158,000	-29,000	425,000	436,000	1,604,000	-59,000	6,777	1,254	0	0	0	0
Non Current Assets Total	48,755,000	48,033,000	47,541,000	47,391,000	47,245,000	46,759,000	8,905,000	7,055,000	7,052,000	7,062,000	7,082,000	7,593,000	7,526,000	7,550,000	7,497,000	7,401,000	7,789,000	7,714,000	0	0	0	0	0	0
Non Current Liabilities Other	67,000	73,000	1,577,000	1,119,000	930,000	14,455,000	264,000	209,000	260,000	302,000	313,000	846,000	814,000	777,000	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	17,538,000	18,636,000	19,141,000	18,255,000	19,787,000	20,683,000	6,333,000	6,606,000	5,103,000	4,941,000	4,894,000	5,416,000	5,105,000	5,062,000	4,735,000	5,230,000	4,372,000	4,405,000	2,858,000	3,468,000	0	0	0	0
Non Currrent Assets Other	204,000	1,252,000	937,000	894,000	748,000	259,000	230,000	183,000	150,000	159,000	127,000	580,000	573,000	552,000	543,000	564,000	100,000	119,000	0	0	0	0	0	0
Noncontrolling Interest In Consolidated Entity	0	-1,000	0	1,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	268,000	979,000	21,211,000	261,000	207,000	124,830	194,000	174,000	171,000	31,093	42,109	168,342	9,961	3,979	4,531	2,964	2,912	7,433,000	7,625,000	255	226	165	590
Other Current Assets	216,000	471,000	165,000	165,000	121,000	254,000	60,000	101,000	69,000	86,000	78,000	104,000	50,000	179,000	32,000	177,000	157,000	133,000	2,620	1,599	1,661	1,335	1,262	762
Other Current Liab	166,000	1,975,000	613,000	416,000	445,000	1,858,000	730,000	674,000	735,000	682,000	628,000	634,000	1,133,000	18,000	4,000	476,000	22,000	195,000	6,536	6,082	3,879	2,302	3,346	2,114
Other Liab	0	5,949,000	7,563,000	5,993,000	6,264,000	6,171,000	1,571,580	2,131,000	2,227,000	2,344,000	28,721	32,544	27,658	5,191	0	0	0	0	0	0	120	0	0	0
Other Stockholder Equity	20,788,000	21,444,000	21,785,000	21,677,000	21,557,000	21,471,000	-202,000	95,000	211,000	658,000	970,000	1,308,000	1,631,000	2,085,000	3,156,000	3,140,000	5,001,000	3,749,000	2,426,000	2,106,000	0	0	0	0
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
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
Property Plant And Equipment Gross	5,539,000	5,023,000	4,516,000	2,857,000	2,525,000	2,310,000	1,198,000	1,138,000	1,156,000	1,141,000	1,173,000	1,202,000	1,152,000	1,168,000	1,109,000	990,000	868,000	755,000	0	0	0	0	0	0
Property Plant And Equipment Net	3,575,000	2,491,000	2,494,000	2,212,000	2,028,000	2,310,000	1,198,000	1,138,000	1,156,000	1,141,000	1,173,000	1,202,000	1,152,000	1,168,000	1,109,000	990,000	868,000	755,000	0	0	0	0	0	0
Property Plant Equipment	0	2,491,000	2,494,000	2,212,000	2,028,000	2,310,000	1,198,000	1,138,000	1,156,000	1,141,000	1,173,000	1,202,000	1,152,000	1,168,000	135,981	97,678	65,692	48,811	39,507	36,502	22,313	20,834	14,397	11,274
Retained Earnings	4,559,000	3,539,000	3,199,000	2,061,000	1,582,000	1,178,000	2,651,000	2,266,000	2,165,000	1,771,000	1,393,000	1,080,000	740,000	400,000	87,000	-430,000	58,469	45,590	37,623	28,609	20,845	14,636	8,459	2,778
Retained Earnings Total Equity	0	3,539,000	3,199,000	2,061,000	1,582,000	1,178,000	2,651,000	2,266,000	2,165,000	1,771,000	1,393,000	1,080,000	740,000	400,000	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	3,246,000	895,000	304,000	2,345,000	1,593,000	1,458,000	66,000	10,000	501,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	14,824,000	11,967,000	11,882,000	13,488,000	14,420,000	15,990,000	4,479,000	4,478,000	3,382,000	2,591,000	2,574,000	2,804,000	2,708,000	2,091,000	2,960,000	3,527,000	3,038,000	3,792,000	2,858,000	3,468,000	0	0	0	0
Short Term Debt	3,466,000	895,000	304,000	2,345,000	1,593,000	1,484,000	79,000	10,000	507,000	3,000	66,000	250,000	452,000	404,000	0	5,000	126,000	708,000	0	0	0	0	0	0
Short Term Investments	0	49,000	2,000	88,000	1,000	45,000	0	0	0	0	560	12,884	27,523	355	50,280	161	354	208	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	52,130,000	51,837,000	50,598,000	49,779,000	49,518,000	48,918,000	10,022,000	9,791,000	8,869,000	8,273,000	8,201,000	8,928,000	9,283,000	8,859,000	8,776,000	8,638,000	10,528,000	9,346,000	7,433,000	7,625,000	59,990	54,687	34,496	27,174
Total Current Assets	3,375,000	3,804,000	3,057,000	2,388,000	2,273,000	2,159,000	1,117,000	2,736,000	1,817,000	1,211,000	1,119,000	1,335,000	1,757,000	1,309,000	1,279,000	1,237,000	2,739,000	1,632,000	28,000	19,000	0	0	0	0
Total Current Liabilities	8,916,000	8,076,000	6,485,000	7,694,000	6,474,000	5,702,000	1,238,000	1,051,000	1,583,000	1,038,000	1,030,000	1,232,000	1,915,000	1,338,000	854,000	801,000	1,135,000	1,691,000	21,223	17,746	13,354	11,766	9,640	8,374
Total Liab	26,454,000	26,712,000	25,626,000	25,949,000	26,261,000	26,385,000	7,571,000	7,657,000	6,686,000	5,979,000	5,924,000	6,648,000	7,020,000	6,400,000	5,589,000	6,031,000	5,507,000	6,096,000	5,007,000	5,519,000	24,842	27,622	15,896	17,157
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	25,676,000	25,126,000	24,972,000	23,829,000	23,257,000	22,533,000	2,451,000	2,134,000	2,183,000	2,294,000	2,277,000	2,280,000	2,263,000	2,459,000	3,187,000	2,607,000	5,021,000	3,250,000	2,426,000	2,106,000	35,148	27,065	18,600	10,017
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,050	-7,029	-7,029
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

	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	3,597,000	4,090,000	4,601,000	4,947,000	5,206,000	5,284,000	4,950,000	4,510,000	4,316,000	4,072,000	3,976,000	3,871,000	3,740,000	3,517,000	3,377,000	3,238,000	3,176,000	2,976,000	2,909,000	2,558,000	2,300,000	2,229,000	484,000	377,000	365,000	387,000	367,000	353,000	303,000	311,000	359,000	357,000	277,000	310,000	305,000	350,000	289,000	319,000	313,000	295,000	271,000	271,000	299,000	317,000	283,000	297,000	337,000	313,000	265,000	288,000	299,000	331,000	851,000	947,000	313,000	289,000	252,000	258,000	255,000	281,000	234,000	296,000	877,000	982,000	987,000	37,778	23,429	21,229	788,000	23,124	14,417	11,998	11,978	10,440	10,422	10,354	9,079	8,382	7,750	9,963	7,771	6,352	5,033	6,720	6,275	6,271	5,335	5,739	5,852	6,099	5,538	6,184	5,552	6,125	4,814	5,110
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	315,000	171,000	297,000	155,000	129,000	-9,000	205,000	215,000	-26,000	6,000	128,000	164,000	77,000	-217,000	-328,000	-480,000	104,000	-27,000	51,000	-37,000	-130,000	137,000	-200,000	-183,000	-202,000	-184,000	-193,000	-206,000	-229,000	-213,000	-202,000	-187,000	-195,000	-190,000	-149,000	-162,000	-137,000	-99,000	-85,000	-91,000	-88,000	-103,000	-104,000	-97,000	-110,000	-98,000	-105,000	-86,000	-110,000	-97,000	-22,000	-26,000	-28,000	-40,000	-56,000	-41,000	-59,000	-83,000	-86,000	-112,000	-106,000	-27,000	-10,000	-3,000	20,000	0	0	0	3,250,000	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
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	1,633,000	1,615,000	1,596,000	1,621,000	1,616,000	1,570,000	1,569,000	1,524,000	1,384,000	1,249,000	1,262,000	1,256,000	994,000	964,000	901,000	880,000	806,000	641,000	641,000	633,000	305,000	305,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	21,009,000	21,210,000	21,444,000	21,730,000	21,701,000	21,764,000	21,785,000	21,764,000	21,743,000	21,718,000	21,677,000	21,654,000	21,624,000	21,579,000	21,557,000	21,539,000	21,524,000	21,505,000	21,471,000	21,020,000	0	0	0	0	0	61,000	95,000	94,000	94,000	93,000	211,000	313,000	447,000	546,000	658,000	758,000	808,000	939,000	970,000	1,116,000	1,222,000	1,227,000	1,308,000	1,433,000	1,524,000	1,575,000	1,631,000	1,708,000	1,798,000	1,996,000	2,085,000	2,277,000	2,617,000	2,962,000	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
Cash	267,000	260,000	278,000	204,000	535,000	925,000	552,000	592,000	567,000	200,000	167,000	335,000	240,000	191,000	149,000	197,000	75,000	74,000	106,000	85,000	83,000	94,000	64,000	13,000	61,000	66,000	286,000	73,000	1,787,000	620,000	245,000	275,000	911,000	207,000	127,000	93,000	237,000	266,000	135,000	120,000	153,000	119,000	113,000	208,000	366,000	383,000	303,000	192,000	701,000	651,000	550,000	657,000	315,000	224,000	411,000	571,000	280,000	282,000	235,000	219,000	214,000	239,000	300,000	99,000	67,000	2,818	1,365	233	35,000	1,066	0	0	0	6,450	0	0	0	4,514	0	0	0	502	0	0	0	800	0	0	0	979	0	0	0	0	0	0
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	267,000	260,000	278,000	204,000	535,000	925,000	552,000	592,000	567,000	200,000	167,000	335,000	240,000	191,000	149,000	197,000	75,000	74,000	106,000	85,000	83,000	94,000	64,000	13,000	61,000	66,000	286,000	73,000	1,787,000	620,000	245,000	275,000	911,000	207,000	127,000	93,000	237,000	266,000	135,000	120,000	153,000	119,000	113,000	208,000	366,000	383,000	303,000	192,000	701,000	651,000	550,000	657,000	315,000	224,000	411,000	571,000	280,000	282,000	235,000	219,000	214,000	239,000	300,000	99,000	67,000	0	0	0	35,000	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
Common Stock	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	2,514	2,493	2,470	897	893	887	879	873	869	866	864	858	834	830	826	823	821	818	816	812	810	800	795	791	788	786	780	775	754	374	367	365	364
Common Stock Shares Outstanding	1,401,300	1,406,200	1,409,100	1,417,000	1,427,500	1,427,200	1,428,600	1,429,700	1,429,000	1,428,500	1,428,100	1,425,600	1,423,800	1,422,900	1,421,500	1,420,100	1,419,900	1,419,400	1,419,200	1,417,700	1,406,200	1,373,600	1,581,000	1,581,000	899,500	910,500	918,500	923,000	923,500	928,500	932,500	945,000	951,000	957,500	962,000	961,710	979,000	981,000	989,000	997,500	1,007,500	1,023,500	1,027,500	1,031,500	1,047,000	1,060,000	1,066,500	1,069,500	1,080,000	1,091,000	1,122,000	1,131,500	1,118,000	1,202,000	1,233,500	1,275,500	1,266,500	1,277,500	1,275,500	1,271,500	1,271,000	1,271,000	1,270,000	1,268,500	1,250,000	1,265,432	1,256,098	1,256,098	1,291,667	1,291,667	1,291,667	1,291,667	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Total Equity	0	0	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	14,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Current Deferred Revenue	1,687,000	1,594,000	1,156,000	0	0	0	0	0	1,252,000	1,548,000	1,441,000	1,432,000	1,193,000	1,460,000	1,469,000	1,218,000	1,260,000	1,641,000	1,464,000	1,882,000	1,538,000	1,674,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	64,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	65,000	271,000	65,000	65,000	65,000	65,000	65,000	65,000	36,000	36,000	36,000	0	0	0	0	86,000	386,000	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
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	60,000	65,000	62,000	60,000	61,000	63,000	62,000	62,000	64,000	66,000	64,000	62,000	67,000	67,000	74,000	77,000	82,000	80,000	85,000	88,000	87,000	126,000	130,000	134,000	132,000	132,000	131,000	131,000	146,000	147,000	144,000	139,000	135,000	142,000	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
Deferred Long Term Liab	0	0	5,736,000	5,739,000	5,739,000	5,745,000	6,007,000	6,054,000	5,986,000	5,940,000	5,972,000	6,025,000	5,993,000	5,945,000	5,922,000	5,917,000	6,030,000	6,022,000	6,034,000	5,940,000	5,923,000	5,974,000	1,666,000	1,661,000	1,669,000	1,948,000	1,945,000	1,943,000	1,929,000	1,134,000	1,961,000	1,963,000	1,968,000	0	2,047,000	2,060,000	2,051,000	0	2,062,000	2,072,000	2,073,000	2,079,000	2,021,000	2,021,000	2,016,000	2,037,000	2,038,000	2,036,000	2,035,000	2,186,000	2,350,000	2,498,000	2,598,000	1,926,000	1,893,000	1,903,000	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
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	20,202,000	20,122,000	20,194,000	20,117,000	20,072,000	20,024,000	20,163,000	20,243,000	20,182,000	20,193,000	20,272,000	20,209,000	20,184,000	20,029,000	19,968,000	19,898,000	20,172,000	20,112,000	20,039,000	20,077,000	20,011,000	19,291,000	3,562,000	3,564,000	3,561,000	3,559,000	3,564,000	3,560,000	2,993,000	2,994,000	2,986,000	2,988,000	2,988,000	2,988,000	2,989,000	2,990,000	2,990,000	2,987,000	2,988,000	2,988,000	2,988,000	2,988,000	2,989,000	2,990,000	2,983,000	2,983,000	2,982,000	2,983,000	2,980,000	2,981,000	2,985,000	2,985,000	2,984,000	2,984,000	2,983,000	2,984,000	2,983,000	2,982,000	2,983,000	2,982,000	2,983,000	3,170,000	3,177,000	3,185,000	3,183,000	73,840	73,840	75,208	3,180,000	75,305	74,342	0	0	1,446	0	0	0	1,446	1,446	1,446	1,446	1,446	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	23,287,000	23,223,000	23,344,000	23,273,000	23,183,000	23,299,000	23,774,000	23,889,000	23,856,000	23,883,000	23,983,000	23,949,000	23,968,000	23,834,000	23,785,000	23,706,000	24,117,000	24,031,000	24,228,000	23,988,000	23,967,000	24,436,000	3,777,000	3,784,000	3,781,000	3,786,000	3,788,000	3,784,000	2,656,000	2,657,000	2,658,000	2,662,000	2,663,000	2,673,000	2,679,000	2,680,000	2,684,000	2,688,000	2,693,000	2,692,000	2,694,000	2,696,000	2,697,000	2,703,000	2,684,000	2,685,000	2,683,000	2,687,000	2,677,000	2,676,000	2,689,000	2,690,000	2,691,000	2,693,000	2,695,000	2,702,000	2,702,000	2,704,000	2,708,000	2,704,000	2,712,000	3,595,000	3,607,000	3,611,000	3,617,000	108,048	109,251	111,822	3,651,000	114,324	114,564	1,446	1,446	1,446	1,446	1,446	1,446	1,446	1,446	1,446	1,446	1,446	1,446	1,446	1,446	1,465	1,484	1,502	0	1,546	0	0	0	0	0	0
Inventory	1,142,000	1,348,000	1,384,000	1,391,000	1,314,000	1,438,000	1,239,000	1,045,000	894,000	972,000	897,000	841,000	762,000	824,000	747,000	682,000	654,000	751,000	686,000	663,000	626,000	720,000	265,000	243,000	229,000	261,000	267,000	246,000	202,000	226,000	236,000	235,000	209,000	201,000	217,000	228,000	204,000	191,000	213,000	226,000	200,000	196,000	222,000	216,000	197,000	207,000	217,000	225,000	212,000	260,000	275,000	264,000	244,000	283,000	269,000	270,000	262,000	275,000	284,000	286,000	263,000	330,000	348,000	360,000	325,000	38,909	27,491	25,820	300,000	31,796	23,795	14,881	14,032	14,039	12,403	10,235	9,380	9,580	8,530	7,404	7,955	7,465	7,087	7,051	6,177	5,876	5,578	5,436	5,497	6,059	5,614	4,974	5,168	5,350	5,768	5,379
Liabilities And Stockholders Equity	52,130,000	51,763,000	51,801,000	51,660,000	51,837,000	51,440,000	51,428,000	51,244,000	50,598,000	50,330,000	50,344,000	50,403,000	49,779,000	49,381,000	49,026,000	48,843,000	49,518,000	49,400,000	49,547,000	49,291,000	48,918,000	49,058,000	10,246,000	10,179,000	10,022,000	10,039,000	10,319,000	10,008,000	9,791,000	8,673,000	8,406,000	8,364,000	8,869,000	8,225,000	8,267,000	8,252,000	8,273,000	8,261,000	8,226,000	8,227,000	8,201,000	8,129,000	8,709,000	8,872,000	8,928,000	8,989,000	8,907,000	8,784,000	9,283,000	9,189,000	9,228,000	9,314,000	8,859,000	8,790,000	8,978,000	9,117,000	8,776,000	8,740,000	8,730,000	8,640,000	8,638,000	9,822,000	10,007,000	10,595,000	10,528,000	0	0	0	9,346,000	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
Long Term Debt	9,945,000	9,940,000	9,934,000	9,929,000	11,072,000	11,561,000	11,555,000	11,584,000	11,578,000	11,727,000	11,721,000	11,715,000	11,143,000	11,707,000	11,849,000	12,431,000	12,827,000	13,147,000	13,164,000	13,246,000	14,207,000	14,294,000	12,587,000	4,684,084	4,879,000	5,474,957	0	0	4,332,000	0	0	0	597,245	0	410,024	509,004	2,588,000	0	2,537,000	2,523,000	2,508,000	2,521,000	2,521,000	337,683	402,921	521,778	399,841	431,471	471,344	575,969	416,676	1,048,399	1,076,541	335,504	252,380	67,642	71,907	73,013	126,018	118,650	90,013	123,517	95,808	97,820	107,335	90,050	82,030	91,740	99,453	102,871	100,089	2,611	3,490	5,218	5,240	11,116	11,800	14,039	13,866	9,002	6,715	8,908	10,703	11,970	12,838	15,209	14,318	15,462	5,162	6,256	8,288	6,272	7,948	8,783	9,708	5,751
Long Term Debt Total	0	0	9,934,000	9,929,000	11,072,000	11,561,000	11,555,000	11,584,000	11,578,000	11,727,000	11,721,000	11,715,000	11,143,000	11,707,000	11,849,000	12,431,000	12,827,000	13,147,000	13,164,000	13,246,000	305,000	305,000	4,126,000	4,135,000	4,400,000	4,399,000	4,391,000	4,467,000	4,468,000	2,956,000	2,921,000	2,907,000	2,875,000	2,130,000	2,097,000	2,113,000	2,588,000	2,539,000	2,537,000	2,523,000	2,508,000	2,521,000	2,521,000	2,547,000	2,554,000	2,065,000	2,020,000	2,247,000	2,256,000	2,210,000	2,184,000	2,182,000	1,687,000	2,571,000	2,568,000	2,566,000	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
Long Term Investments	1,456,000	1,403,000	1,019,000	1,009,000	1,049,000	76,000	78,000	29,000	30,000	127,000	131,000	131,000	88,000	90,000	102,000	105,000	151,000	164,000	170,000	172,000	186,000	193,000	34,000	36,000	24,000	24,000	23,000	23,000	23,000	24,000	35,000	36,000	31,000	31,000	13,000	13,000	14,000	15,000	15,000	15,000	15,000	14,000	14,000	15,000	14,000	14,000	13,000	14,000	13,000	11,000	12,000	12,000	11,000	11,000	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	14,557,000	14,093,000	12,291,000	12,035,000	11,432,000	12,206,000	12,572,000	12,516,000	11,315,000	13,774,000	14,139,000	14,386,000	13,248,000	14,662,000	14,857,000	14,191,000	14,345,000	15,475,000	14,864,000	15,812,000	15,907,000	16,276,000	4,326,000	4,505,000	4,418,000	4,415,000	4,417,000	4,404,000	2,691,000	2,704,000	2,685,000	2,640,000	2,471,000	2,428,000	2,475,000	2,524,000	2,354,000	2,275,000	2,474,000	2,555,000	2,421,000	2,403,000	2,477,000	2,589,000	2,438,000	2,383,000	2,418,000	2,507,000	2,007,000	1,960,000	2,036,000	2,043,000	1,776,000	2,347,000	2,157,000	1,995,000	2,680,000	2,757,000	3,005,000	3,147,000	3,313,000	3,383,000	3,563,000	2,940,000	2,971,000	0	0	0	3,757,000	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
Net Invested Capital	38,867,000	38,102,000	37,837,000	37,342,000	37,093,000	36,663,000	36,946,000	37,095,000	36,854,000	37,130,000	37,286,000	37,535,000	37,317,000	37,185,000	37,028,000	37,028,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	1,519,000	1,409,000	1,311,000	1,451,000	1,484,000	1,631,000	1,471,000	1,358,000	1,148,000	1,261,000	1,162,000	1,149,000	1,048,000	1,118,000	1,075,000	1,037,000	1,115,000	1,149,000	1,068,000	1,078,000	1,150,000	1,196,000	866,000	749,000	710,000	706,000	748,000	661,000	646,000	640,000	700,000	629,000	628,000	628,000	693,000	637,000	617,000	609,000	642,000	620,000	622,000	586,000	680,000	634,000	602,000	598,000	652,000	601,000	585,000	541,000	610,000	599,000	571,000	558,000	606,000	561,000	540,000	577,000	629,000	588,000	583,000	589,000	654,000	2,145,000	2,190,000	0	0	0	1,164,000	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
Net Tangible Assets	0	0	-18,270,000	-18,287,000	-18,129,000	-18,221,000	-18,546,000	-18,621,000	-19,066,000	-19,671,000	-20,013,000	-20,088,000	-20,323,000	-20,567,000	-20,830,000	-20,964,000	-21,032,000	-21,229,000	-21,384,000	-21,391,000	-21,445,000	-21,434,000	-4,617,000	-4,862,000	-4,891,000	-5,216,000	-5,197,000	-5,151,000	-3,515,000	-3,522,000	-3,502,000	-3,548,000	-3,468,000	-3,464,000	-3,406,000	-3,449,000	-3,380,000	-3,312,000	-3,412,000	-3,454,000	-3,405,000	-3,376,000	-3,382,000	-3,454,000	-3,387,000	-3,350,000	-3,370,000	-3,410,000	-3,394,000	-3,401,000	-3,337,000	-3,245,000	-3,216,000	-3,092,000	-2,855,000	-2,624,000	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
Net Working Capital	-5,541,000	-5,408,000	-5,486,000	-5,541,000	-4,272,000	-2,908,000	-2,990,000	-2,958,000	-3,428,000	-3,992,000	-4,301,000	-4,560,000	-5,306,000	-4,913,000	-5,058,000	-4,581,000	-4,201,000	-4,281,000	-4,474,000	-4,494,000	-3,543,000	-3,582,000	-110,000	-378,000	-121,000	-93,000	-25,000	100,000	1,685,000	119,000	155,000	107,000	234,000	-367,000	-304,000	-361,000	173,000	217,000	126,000	68,000	89,000	103,000	149,000	68,000	103,000	-340,000	-343,000	-151,000	-158,000	-31,000	134,000	360,000	-29,000	315,000	543,000	780,000	425,000	411,000	494,000	430,000	436,000	435,000	411,000	1,179,000	1,604,000	0	0	0	-59,000	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
Non Current Assets Total	48,755,000	48,357,000	48,231,000	48,074,000	48,033,000	47,115,000	47,657,000	47,754,000	47,541,000	47,527,000	47,728,000	47,738,000	47,391,000	46,965,000	46,786,000	46,566,000	47,245,000	47,131,000	47,326,000	47,129,000	46,759,000	46,673,000	8,830,000	8,933,000	8,905,000	8,773,000	8,764,000	8,761,000	7,055,000	7,071,000	7,081,000	7,081,000	7,052,000	7,003,000	7,008,000	7,058,000	7,062,000	7,020,000	7,037,000	7,054,000	7,082,000	7,070,000	7,496,000	7,592,000	7,593,000	7,593,000	7,516,000	7,523,000	7,526,000	7,494,000	7,533,000	7,541,000	7,550,000	7,491,000	7,475,000	7,487,000	7,497,000	7,457,000	7,420,000	7,389,000	7,401,000	8,484,000	8,493,000	7,799,000	7,789,000	0	0	0	7,714,000	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
Non Current Liabilities Other	67,000	77,000	1,808,000	1,763,000	73,000	1,800,000	1,714,000	1,647,000	1,577,000	80,000	75,000	70,000	1,119,000	1,103,000	1,034,000	997,000	930,000	767,000	771,000	775,000	14,455,000	244,000	206,000	273,000	264,000	204,000	248,000	258,000	209,000	190,000	212,000	216,000	260,000	265,000	298,000	303,000	302,000	283,000	295,000	301,000	313,000	265,000	799,000	853,000	846,000	833,000	820,000	829,000	814,000	811,000	796,000	791,000	777,000	724,000	734,000	736,000	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
Non Current Liabilities Total	17,538,000	17,585,000	17,478,000	17,431,000	18,636,000	19,106,000	19,276,000	19,285,000	19,141,000	19,130,000	19,184,000	19,107,000	18,255,000	18,755,000	18,805,000	19,345,000	19,787,000	19,936,000	19,969,000	19,961,000	20,683,000	20,798,000	5,998,000	6,069,000	6,333,000	6,551,000	6,584,000	6,668,000	6,606,000	5,061,000	5,094,000	5,086,000	5,103,000	4,439,000	4,442,000	4,476,000	4,941,000	4,874,000	4,894,000	4,896,000	4,894,000	4,865,000	5,341,000	5,421,000	5,416,000	4,935,000	4,878,000	5,112,000	5,105,000	5,207,000	5,330,000	5,471,000	5,062,000	5,221,000	5,195,000	5,205,000	4,735,000	4,790,000	4,994,000	5,083,000	5,230,000	5,589,000	5,657,000	3,933,000	4,372,000	0	0	0	4,405,000	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
Non Currrent Assets Other	204,000	177,000	1,153,000	1,160,000	1,252,000	318,000	283,000	259,000	937,000	232,000	233,000	314,000	894,000	192,000	201,000	811,000	748,000	176,000	572,000	183,000	259,000	315,000	144,000	233,000	230,000	168,000	162,000	161,000	183,000	160,000	160,000	146,000	150,000	133,000	124,000	193,000	159,000	121,000	112,000	107,000	127,000	129,000	540,000	572,000	580,000	583,000	565,000	558,000	573,000	574,000	554,000	554,000	552,000	541,000	542,000	543,000	543,000	566,000	562,000	558,000	564,000	572,000	565,000	106,000	100,000	0	0	0	119,000	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
Noncontrolling Interest In Consolidated Entity	0	0	-1,000	-1,000	-1,000	-1,000	0	0	0	0	1,000	1,000	1,000	1,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	0	207,000	268,000	1,233,000	278,000	238,000	305,000	311,000	316,000	306,000	21,211,000	260,000	267,000	263,000	261,000	183,000	203,000	209,000	163,000	230,000	81,000	59,197	148,000	124,830	208,000	206,000	165,000	210,000	209,000	0	1,155,020	0	1,272,053	1,240,995	1,322,479	0	1,197,766	1,187,781	1,213,262	1,254,493	1,253,168	1,291,356	1,323,333	1,348,537	1,331,636	1,363,192	1,359,984	1,487,141	1,530,348	1,554,255	1,504,845	616,382	622,127	307,471	305,900	140,057	141,607	143,289	107,059	107,880	107,995	109,221	110,508	111,012	112,497	115,162	115,921	117,236	117,488	11,798	11,939	11,950	11,395	11,744	11,552	12,361	14,404	14,492	14,725	15,065	15,532	15,856	16,173	16,182	16,336	7,722	3,738	1,914	2,267	635	695	845	487	536
Other Current Assets	216,000	253,000	597,000	540,000	471,000	223,000	242,000	256,000	447,000	191,000	260,000	244,000	323,000	220,000	198,000	335,000	403,000	157,000	317,000	218,000	254,000	357,000	167,000	195,000	60,000	109,000	135,000	158,000	101,000	107,000	132,000	138,000	69,000	100,000	132,000	163,000	86,000	92,000	106,000	118,000	78,000	98,000	132,000	155,000	104,000	208,000	219,000	243,000	50,000	48,000	44,000	253,000	179,000	234,000	217,000	228,000	32,000	149,000	162,000	158,000	177,000	180,000	212,000	192,000	157,000	6,369	4,603	5,102	133,000	4,200	3,984	3,900	3,665	2,620	2,099	2,285	2,111	1,599	1,716	1,738	1,983	1,661	1,912	2,275	1,923	1,335	1,257	1,172	1,453	1,262	397	1,534	1,053	762	640	989
Other Current Liab	166,000	124,000	664,000	1,870,000	1,975,000	1,757,000	1,626,000	1,764,000	613,000	44,000	44,000	43,000	416,000	57,000	81,000	445,000	445,000	73,000	516,000	110,000	380,000	274,000	714,000	800,000	730,000	826,000	837,000	720,000	674,000	740,000	738,000	747,000	735,000	710,000	689,000	637,000	682,000	639,000	613,000	593,000	628,000	619,000	631,000	580,000	634,000	673,000	425,000	582,000	1,133,000	972,000	795,000	614,000	18,000	947,000	571,000	509,000	602,000	614,000	561,000	540,000	476,000	186,000	6,000	23,000	22,000	17,764	15,342	14,856	195,000	15,588	12,433	8,152	8,893	6,536	6,821	6,419	6,331	6,082	5,833	4,455	4,290	3,879	4,090	3,708	3,260	2,302	2,900	2,614	2,696	3,346	4,285	2,867	1,959	2,114	2,884	2,423
Other Liab	0	0	0	5,958,000	5,949,000	7,545,000	6,217,000	6,273,000	6,201,000	6,187,000	6,232,000	6,265,000	5,993,000	6,190,000	6,164,000	6,146,000	6,264,000	6,247,000	6,262,000	6,167,000	6,171,000	6,199,000	1,047,000	1,072,398	1,087,000	1,571,580	0	0	2,131,000	1,585,589	0	0	42,944	42,525	53,277	52,123	52,828	23,085	23,402	25,976	29,333	28,721	23,858	25,687	26,987	32,544	28,603	18,229	18,082	27,658	28,768	29,029	34,646	5,191	5,157	5,123	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	235	80	99	120	157	129	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	20,788,000	21,014,000	21,009,000	21,210,000	21,444,000	21,730,000	21,701,000	21,764,000	21,785,000	21,764,000	21,743,000	21,785,000	21,677,000	21,654,000	21,624,000	21,579,000	21,557,000	21,539,000	21,524,000	21,505,000	21,471,000	21,020,000	-200,000	-183,000	-202,000	-184,000	-193,000	61,000	95,000	94,000	94,000	93,000	211,000	313,000	447,000	546,000	658,000	758,000	758,000	849,000	970,000	1,096,000	1,222,000	1,227,000	1,308,000	1,433,000	1,524,000	1,575,000	1,631,000	1,708,000	1,798,000	1,996,000	2,085,000	2,277,000	2,617,000	2,962,000	3,156,000	3,147,000	3,143,000	3,143,000	3,140,000	3,163,000	3,169,000	5,048,000	5,001,000	0	0	0	3,749,000	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
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	0
Property Plant And Equipment Gross	5,539,000	3,400,000	3,358,000	3,372,000	5,023,000	3,315,000	0	0	0	0	3,068,000	3,091,000	2,857,000	2,751,000	2,663,000	2,593,000	2,525,000	2,582,000	2,645,000	2,643,000	2,310,000	2,345,000	1,183,000	1,198,000	1,198,000	1,129,000	1,120,000	1,125,000	1,138,000	1,124,000	1,129,000	1,136,000	1,156,000	1,077,000	1,095,000	1,115,000	1,141,000	1,108,000	1,122,000	1,149,000	1,173,000	1,155,000	1,169,000	1,186,000	1,202,000	1,194,000	1,141,000	1,149,000	1,152,000	1,121,000	1,147,000	1,153,000	1,168,000	1,123,000	1,110,000	1,106,000	1,109,000	1,041,000	1,013,000	1,001,000	990,000	945,000	930,000	876,000	868,000	0	0	0	755,000	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
Property Plant And Equipment Net	3,575,000	3,400,000	2,489,000	2,480,000	2,491,000	3,315,000	3,275,000	3,245,000	2,494,000	3,052,000	3,068,000	3,091,000	2,212,000	2,751,000	2,663,000	2,017,000	2,028,000	2,582,000	2,290,000	2,643,000	2,310,000	2,345,000	1,183,000	1,198,000	1,198,000	1,129,000	1,120,000	1,125,000	1,138,000	1,124,000	1,129,000	1,136,000	1,156,000	1,077,000	1,095,000	1,115,000	1,141,000	1,108,000	1,122,000	1,149,000	1,173,000	1,155,000	1,169,000	1,186,000	1,202,000	1,194,000	1,141,000	1,149,000	1,152,000	1,121,000	1,147,000	1,153,000	1,168,000	1,123,000	1,110,000	1,106,000	1,109,000	1,041,000	1,013,000	1,001,000	990,000	945,000	930,000	876,000	868,000	0	0	0	755,000	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
Property Plant Equipment	0	0	2,489,000	2,480,000	2,491,000	2,483,000	3,275,000	3,245,000	3,167,000	3,052,000	3,068,000	3,091,000	2,212,000	2,092,000	2,071,000	2,017,000	2,028,000	2,236,000	2,290,000	2,282,000	2,310,000	2,345,000	1,183,000	1,198,000	1,198,000	1,129,000	1,120,000	1,125,000	1,138,000	1,124,000	1,129,000	1,136,000	1,156,000	0	1,095,000	1,115,000	1,141,000	0	1,122,000	1,149,000	1,173,000	1,155,000	1,169,000	1,186,000	1,202,000	1,194,000	1,141,000	1,149,000	1,152,000	1,121,000	1,147,000	1,153,000	1,168,000	1,123,000	1,110,000	1,106,000	157,318	135,981	117,054	105,152	98,818	97,678	80,494	75,021	70,011	65,692	57,109	52,573	50,291	48,811	45,601	42,341	42,144	39,507	38,175	37,156	37,122	36,502	33,949	30,701	25,448	22,313	21,974	21,422	21,254	20,834	17,636	17,332	15,875	14,397	13,676	11,831	11,585	11,274	10,564	10,208
Retained Earnings	4,559,000	4,165,000	3,948,000	3,724,000	3,539,000	3,367,000	3,471,000	3,518,000	3,199,000	2,621,000	2,357,000	2,174,000	2,061,000	1,845,000	1,613,000	1,527,000	1,582,000	1,388,000	1,294,000	1,192,000	1,178,000	1,122,000	2,920,000	2,667,000	2,651,000	2,311,000	2,346,000	2,336,000	2,266,000	2,246,000	2,248,000	2,194,000	2,165,000	2,072,000	1,962,000	1,835,000	1,771,000	1,702,000	1,594,000	1,466,000	1,393,000	1,313,000	1,184,000	1,107,000	1,080,000	981,000	874,000	769,000	740,000	643,000	559,000	458,000	400,000	346,000	260,000	138,000	87,000	11,000	-140,000	-298,000	-430,000	191,000	85,000	66,223	61,054	58,469	55,289	51,295	48,277	45,590	44,486	42,751	40,837	37,623	35,172	33,105	31,149	28,609	26,598	24,833	23,493	20,845	19,414	18,082	16,940	14,636	13,644	12,149	10,701	8,459	7,076	5,690	4,511	2,778	1,282	480
Retained Earnings Total Equity	0	0	3,948,000	3,724,000	3,539,000	3,367,000	3,471,000	3,518,000	3,199,000	2,621,000	2,357,000	2,174,000	2,061,000	1,845,000	1,613,000	1,527,000	1,582,000	1,388,000	1,294,000	1,192,000	1,178,000	1,122,000	2,920,000	2,667,000	2,651,000	2,311,000	2,346,000	2,336,000	2,266,000	0	2,248,000	2,194,000	2,165,000	0	1,962,000	1,835,000	1,771,000	0	1,594,000	1,466,000	1,393,000	1,313,000	1,184,000	1,107,000	1,080,000	981,000	874,000	769,000	740,000	643,000	559,000	458,000	400,000	346,000	260,000	138,000	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
Short Long Term Debt	3,246,000	2,798,000	2,635,000	2,310,000	895,000	0	0	0	304,000	998,000	1,323,000	1,750,000	2,345,000	2,182,000	2,256,000	1,957,000	1,593,000	1,761,000	1,806,000	2,018,000	386,000	386,000	219,000	219,065	3,000	219,076	0	0	1,000	186,247	0	0	501,000	279	0	0	0	22,448	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	14,824,000	14,353,000	12,569,000	12,239,000	11,967,000	13,131,000	13,124,000	13,108,000	11,882,000	13,974,000	14,306,000	14,721,000	13,488,000	14,853,000	15,006,000	14,388,000	14,420,000	15,549,000	14,970,000	15,897,000	15,990,000	16,370,000	4,390,000	4,518,000	4,479,000	4,481,000	4,703,000	4,477,000	4,478,000	3,324,000	2,930,000	2,915,000	3,382,000	2,635,000	2,602,000	2,617,000	2,591,000	2,541,000	2,609,000	2,675,000	2,574,000	2,522,000	2,590,000	2,797,000	2,804,000	2,766,000	2,721,000	2,699,000	2,708,000	2,611,000	2,586,000	2,700,000	2,091,000	2,571,000	2,568,000	2,566,000	2,960,000	3,039,000	3,240,000	3,366,000	3,527,000	3,622,000	3,863,000	3,039,000	3,038,000	0	0	0	3,792,000	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
Short Term Debt	3,466,000	3,006,000	2,635,000	2,310,000	895,000	192,000	185,000	174,000	304,000	1,131,000	1,456,000	1,879,000	2,345,000	2,295,000	2,371,000	1,957,000	1,593,000	1,860,000	1,806,000	2,106,000	1,484,000	1,790,000	264,000	383,000	79,000	82,000	312,000	10,000	10,000	368,000	9,000	8,000	507,000	505,000	505,000	504,000	3,000	2,000	72,000	152,000	66,000	1,000	69,000	250,000	250,000	701,000	701,000	452,000	452,000	401,000	402,000	403,000	404,000	-946,000	40,000	16,000	0	0	0	5,000	5,000	35,000	220,000	612,000	126,000	0	0	0	708,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Term Investments	0	-67,000	0	0	49,000	0	0	0	59,000	85,000	86,000	88,000	88,000	90,000	0	0	0	0	0	0	0	18,000	0	0	0	0	0	0	0	0	0	0	25,561	0	243	29,474	130,177	0	470	432	1,097	560	713	553	5	12,884	10,096	9,202	9,087	27,523	30,651	30,765	30,003	355	940	70	50,400	50,280	161	414	575	161	182	90	161	354	162	115	32	208	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	52,130,000	51,763,000	51,801,000	51,660,000	51,837,000	51,440,000	51,428,000	51,244,000	50,598,000	50,330,000	50,344,000	50,403,000	49,779,000	49,381,000	49,026,000	48,843,000	49,518,000	49,400,000	49,547,000	49,291,000	48,918,000	49,058,000	10,246,000	10,179,000	10,022,000	10,039,000	10,319,000	10,008,000	9,791,000	8,673,000	8,406,000	8,364,000	8,869,000	8,225,000	8,267,000	8,252,000	8,273,000	8,261,000	8,226,000	8,227,000	8,201,000	8,129,000	8,709,000	8,872,000	8,928,000	8,989,000	8,907,000	8,784,000	9,283,000	9,189,000	9,228,000	9,314,000	8,859,000	8,790,000	8,978,000	9,117,000	8,776,000	8,740,000	8,730,000	8,640,000	8,638,000	9,822,000	10,007,000	10,595,000	10,528,000	264,527	231,607	234,268	9,346,000	234,006	214,764	97,298	96,950	89,852	85,225	84,128	81,157	78,332	75,190	68,681	63,867	59,990	57,564	58,066	56,454	54,687	50,544	50,069	36,438	34,496	35,153	30,084	28,390	27,174	26,171	25,725
Total Current Assets	3,375,000	3,406,000	3,570,000	3,586,000	3,804,000	4,325,000	3,771,000	3,490,000	3,057,000	2,803,000	2,616,000	2,665,000	2,388,000	2,416,000	2,240,000	2,277,000	2,273,000	2,269,000	2,221,000	2,162,000	2,159,000	2,385,000	1,416,000	1,246,000	1,117,000	1,266,000	1,555,000	1,247,000	2,736,000	1,602,000	1,325,000	1,283,000	1,817,000	1,222,000	1,259,000	1,194,000	1,211,000	1,241,000	1,189,000	1,173,000	1,119,000	1,059,000	1,213,000	1,280,000	1,335,000	1,396,000	1,391,000	1,261,000	1,757,000	1,695,000	1,695,000	1,773,000	1,309,000	1,299,000	1,503,000	1,630,000	1,279,000	1,283,000	1,310,000	1,251,000	1,237,000	1,338,000	1,514,000	2,796,000	2,739,000	0	0	0	1,632,000	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
Total Current Liabilities	8,916,000	8,814,000	9,056,000	9,127,000	8,076,000	7,233,000	6,761,000	6,448,000	6,485,000	6,795,000	6,917,000	7,225,000	7,694,000	7,329,000	7,298,000	6,858,000	6,474,000	6,550,000	6,695,000	6,656,000	5,702,000	5,967,000	1,526,000	1,624,000	1,238,000	1,359,000	1,580,000	1,147,000	1,051,000	1,483,000	1,170,000	1,176,000	1,583,000	1,589,000	1,563,000	1,555,000	1,038,000	1,024,000	1,063,000	1,105,000	1,030,000	956,000	1,064,000	1,212,000	1,232,000	1,736,000	1,734,000	1,412,000	1,915,000	1,726,000	1,561,000	1,413,000	1,338,000	984,000	960,000	850,000	854,000	872,000	816,000	821,000	801,000	903,000	1,103,000	1,617,000	1,135,000	57,048	39,448	36,157	1,691,000	38,809	27,100	23,757	25,498	21,223	20,779	20,317	19,680	17,746	16,418	17,469	16,436	13,354	12,270	13,604	13,407	11,766	10,925	11,124	9,548	9,640	10,017	9,211	7,640	8,374	8,032	7,935
Total Liab	26,454,000	26,399,000	26,534,000	26,558,000	26,712,000	26,339,000	26,037,000	25,733,000	25,626,000	25,925,000	26,101,000	26,332,000	25,949,000	26,084,000	26,103,000	26,203,000	26,261,000	26,486,000	26,664,000	26,617,000	26,385,000	26,765,000	7,524,000	7,693,000	7,571,000	7,910,000	8,164,000	7,815,000	7,657,000	6,544,000	6,264,000	6,262,000	6,686,000	6,028,000	6,005,000	6,031,000	5,979,000	5,898,000	5,957,000	6,001,000	5,924,000	5,821,000	6,405,000	6,633,000	6,648,000	6,671,000	6,612,000	6,524,000	7,020,000	6,933,000	6,891,000	6,884,000	6,400,000	6,205,000	6,155,000	6,055,000	5,589,000	5,662,000	5,810,000	5,904,000	6,031,000	6,492,000	6,760,000	5,550,000	5,507,000	165,428	138,690	147,885	6,096,000	159,066	144,140	29,732	32,512	29,460	28,794	34,219	33,757	33,917	33,487	28,848	25,851	24,842	24,542	26,530	27,036	27,622	25,315	26,586	14,710	15,896	18,305	15,483	15,588	17,157	17,740	13,686
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	25,676,000	25,364,000	25,268,000	25,103,000	25,126,000	25,102,000	25,391,000	25,511,000	24,972,000	24,405,000	24,242,000	24,070,000	23,829,000	23,296,000	22,923,000	22,640,000	23,257,000	22,914,000	22,883,000	22,674,000	22,533,000	22,293,000	2,722,000	2,486,000	2,451,000	2,129,000	2,155,000	2,193,000	2,134,000	2,129,000	2,142,000	2,102,000	2,183,000	2,197,000	2,262,000	2,221,000	2,294,000	2,363,000	2,269,000	2,226,000	2,277,000	2,308,000	2,304,000	2,239,000	2,280,000	2,318,000	2,295,000	2,260,000	2,263,000	2,256,000	2,337,000	2,430,000	2,459,000	2,585,000	2,823,000	3,062,000	3,187,000	3,078,000	2,920,000	2,736,000	2,607,000	3,330,000	3,247,000	5,045,000	5,021,000	99,099	92,917	86,383	3,250,000	74,940	70,624	67,566	64,438	60,392	56,431	49,909	47,400	44,415	41,703	39,833	38,016	35,148	33,022	31,536	29,418	27,065	25,229	23,483	21,728	18,600	16,848	14,601	12,802	10,017	8,431	12,039
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	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,336	-7,050	-7,050	-7,050	-7,051	-7,029	-7,029	-7,029	-7,029	-7,029	-6,867	-2,348
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
Begin Period Cash Flow	535,000	568,000	255,000	111,000	139,000	95,000	1,787,000	911,000	237,000	153,000	366,000	701,000	315,000	280,000	214,000	67,000	35,000	28,000	19,000	0	0	0	0	0
Capital Expenditures	481,000	379,000	455,000	517,000	365,000	180,000	208,000	182,000	180,000	171,000	184,000	200,000	218,000	246,000	317,000	304,000	230,000	158,000	44,000	71,000	6,855	11,042	6,666	4,597
Cash And Cash Equivalents Changes	0	-26,000	322,000	150,000	-40,000	59,000	-1,629,000	876,000	674,000	84,000	-213,000	-338,000	391,000	30,000	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-56,000	-246,000	-597,000	377,000	470,000	-20,000	-71,000	8,000	-25,000	456,000	-21,000	-21,000	28,000	0	0	0	0	0	0	0	0	0	0
Change In Cash	-268,000	-33,000	313,000	144,000	-28,000	44,000	-1,629,000	876,000	674,000	84,000	-213,000	-335,000	386,000	35,000	66,000	147,000	32,000	7,000	9,000	-5,000	0	0	0	0
Change In Working Capital	-1,747,000	-275,000	351,000	166,000	366,000	457,000	-45,000	-98,000	-6,000	37,000	-137,000	-454,000	427,000	1,643,000	-22,000	-37,000	-79,000	-61,000	-10,000	0	0	0	0	0
Change Receivables	0	-398,000	0	-5,000	0	0	-38,000	-28,000	-25,000	-5,000	-22,000	37,000	-73,000	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	70,000	-398,000	-152,000	-5,000	-7,000	82,000	-47,000	-31,000	-26,000	-5,000	-13,000	36,000	-73,000	-2,000	5,000	-4,000	0	0	0	0	0	0	0	0
Change To Inventory	182,000	-426,000	-133,000	-107,000	-24,000	185,000	-3,000	3,000	-11,000	-8,000	-3,000	17,000	29,000	19,000	3,000	57,000	-14,000	13,000	18,000	0	0	0	0	59
Change To Liabilities	0	1,005,000	762,000	713,000	583,000	206,000	13,000	-23,000	22,000	75,000	-568,000	-487,000	492,000	1,614,000	35,026	18,088	11,116	9,555	2,494	3,916	1,868	0	1,036	2,207
Change To Netincome	0	842,000	-436,000	308,000	145,000	92,000	-158,000	51,000	70,000	112,000	210,000	108,000	-440,000	174,000	11,653	636	0	0	0	299	0	0	0	0
Change To Operating Activities	0	-249,000	-240,000	-255,000	-222,000	-87,000	-3,000	-100,000	-2,000	28,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	720,000	709,000	708,000	653,000	698,000	462,000	229,000	224,000	227,000	235,000	234,000	240,000	232,000	223,000	207,000	208,000	169,000	139,000	79,000	0	0	0	0	0
Dividends Paid	1,142,000	1,080,000	955,000	846,000	844,000	232,000	414,000	386,000	355,000	317,000	302,000	284,000	251,000	194,000	0	2,065,000	213,000	80,000	0	0	0	0	0	0
End Period Cash Flow	267,000	535,000	568,000	255,000	111,000	139,000	158,000	1,787,000	911,000	237,000	153,000	366,000	701,000	315,000	280,000	214,000	67,000	35,000	28,000	-5,000	0	0	0	0
Exchange Rate Changes	0	0	0	0	0	0	3,000	-4,000	-9,000	-6,000	-4,000	3,000	-5,000	5,000	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	848,000	2,458,000	2,419,000	1,939,000	2,109,000	1,433,000	830,000	757,000	811,000	851,000	682,000	258,000	542,000	2,289,000	548,000	405,000	373,000	423,000	539,000	539,000	4,467	835	5,072	2,809
Investments	-784,000	-1,135,000	559,000	-11,000	-48,000	-15,000	-3,000	-7,000	-35,000	-35,000	0	0	-2,000	-1,000	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	140,000	29,000	0	9,000,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	-115,000	-1,565,000	-780,000	-994,000	8,787,000	-88,000	1,040,000	744,000	-65,000	-185,000	46,000	600,000	-979,000	0	0	0	0	0	0	0	0	0	0
Net Income	2,181,000	1,436,000	2,146,000	1,325,000	1,254,000	589,000	1,076,000	847,000	764,000	703,000	624,000	629,000	606,000	528,000	555,000	-312,000	497,000	510,000	477,000	446,000	6,266	5,970	5,900	4,213
Other Cashflows From Financing Activities	-86,000	4,134,000	-172,000	-170,000	1,971,000	-36,000	-22,000	-29,000	-13,000	-6,000	-8,000	9,000	1,000	-574,000	1,251,000	2,535,000	728,000	8,000	-536,000	-799,000	0	0	0	0
Other Cashflows From Investing Activities	0	148,000	74,000	156,000	228,000	-18,936,000	-1,558,000	-2,000	20,000	-15,000	-16,000	0	0	22,000	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	63,000	1,204,000	-450,000	278,000	115,000	151,000	-57,000	-108,000	-67,000	-44,000	-30,000	-83,000	-41,000	75,000	3,000	1,074,000	34,000	20,000	-19,000	164,000	0	0	0	0
Sale Purchase Of Stock	-706,000	-379,000	7,556,000	2,104,000	-9,000,000	14,209,000	-399,000	-519,000	-521,000	-400,000	-400,000	-400,000	-522,000	-1,113,000	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	116,000	52,000	88,000	85,000	64,000	35,000	36,000	45,000	44,000	48,000	37,000	35,000	34,000	29,000	19,000	17,000	-73,000	-41,000	0	0	0	0	0	0
Total Cash From Financing Activities	-832,000	-1,728,000	-2,762,000	-1,990,000	-2,364,000	17,577,000	-907,000	130,000	-114,000	-747,000	-880,000	-603,000	-152,000	-2,280,000	-554,000	-1,625,000	515,000	-72,000	-815,000	-799,000	0	13,017	0	0
Total Cash From Operating Activities	1,329,000	2,837,000	2,874,000	2,456,000	2,474,000	1,613,000	1,038,000	939,000	991,000	1,022,000	866,000	458,000	760,000	2,535,000	865,000	709,000	603,000	581,000	583,000	610,000	11,322	11,877	11,738	7,406
Total Cashflows From Investing Activities	0	-1,135,000	210,000	-316,000	-150,000	-19,131,000	-1,763,000	-189,000	-194,000	-185,000	-195,000	-193,000	-217,000	-225,000	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
Begin Period Cash Flow	260,000	278,000	204,000	535,000	928,000	554,000	594,000	568,000	203,000	170,000	349,000	255,000	218,000	177,000	223,000	111,000	112,000	160,000	139,000	139,000	122,000	101,000	121,000	158,000	165,000	387,000	176,000	1,787,000	620,000	245,000	275,000	911,000	207,000	127,000	93,000	237,000	266,000	135,000	120,000	153,000	119,000	113,000	208,000	366,000	383,000	303,000	192,000	701,000	651,000	550,000	657,000	315,000	224,000	411,000	571,000	280,000	282,000	235,000	219,000	214,000	239,000	300,000	99,000	67,000	28,000	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
Capital Expenditures	155,000	122,000	91,000	113,000	100,000	83,000	77,000	119,000	99,000	140,000	109,000	107,000	135,000	91,000	125,000	166,000	153,000	90,000	60,000	62,000	76,000	20,000	40,000	44,000	118,000	44,000	29,000	17,000	71,000	43,000	41,000	27,000	108,000	29,000	23,000	20,000	67,000	32,000	35,000	37,000	68,000	50,000	32,000	34,000	50,000	54,000	39,000	57,000	70,000	44,000	50,000	54,000	76,000	56,000	59,000	55,000	87,000	85,000	62,000	83,000	101,000	61,000	98,000	44,000	107,000	21,844	15,229	8,786	4,554	13,613	9,923	8,105	5,356	9,442	6,806	4,338	2,680	19,262	15,440	8,467	4,584	6,855	5,057	3,423	2,162	11,042	6,780	5,194	2,800	6,666	5,018	2,553	1,414	4,597	3,137	2,070
Cash And Cash Equivalents Changes	0	0	63,000	-337,000	-396,000	383,000	-35,000	22,000	369,000	42,000	-181,000	92,000	32,000	49,000	-51,000	120,000	-1,000	-48,000	19,000	-10,000	-18,000	134,000	-20,000	-37,000	-7,000	-222,000	211,000	-1,611,000	1,167,000	375,000	-30,000	-636,000	704,000	80,000	34,000	-144,000	-29,000	131,000	15,000	-33,000	31,000	6,000	-91,000	-159,000	-16,000	78,000	112,000	-512,000	49,000	110,000	-108,000	340,000	89,000	-189,000	-157,000	287,000	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
Cash Flows Other Operating	0	0	214,000	506,000	-42,000	-105,000	-43,000	-150,000	-177,000	-247,000	-4,000	182,000	-305,000	-90,000	-184,000	-18,000	109,000	24,000	60,000	184,000	-6,000	579,000	36,000	-139,000	58,000	17,000	-10,000	-85,000	11,000	19,000	-19,000	-82,000	41,000	44,000	4,000	-81,000	24,000	4,000	13,000	-66,000	20,000	601,000	-49,000	-116,000	-1,000	-1,000	26,000	-45,000	0	22,000	31,000	-74,000	75,000	-854,000	-6,000	813,000	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
Change In Cash	7,000	-18,000	74,000	-331,000	-393,000	374,000	-40,000	26,000	365,000	33,000	-179,000	94,000	37,000	41,000	-46,000	112,000	-1,000	-48,000	21,000	-10,000	17,000	21,000	-20,000	-37,000	-7,000	-222,000	211,000	-1,611,000	1,167,000	375,000	-30,000	-636,000	704,000	80,000	34,000	-144,000	-29,000	131,000	15,000	-33,000	34,000	6,000	-95,000	-158,000	-17,000	80,000	111,000	-509,000	50,000	101,000	-107,000	342,000	91,000	-187,000	-160,000	291,000	-2,000	47,000	16,000	5,000	-25,000	-61,000	201,000	32,000	34,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Working Capital	-583,000	-297,000	-361,000	-506,000	-46,000	65,000	-214,000	-80,000	358,000	66,000	4,000	-77,000	155,000	-47,000	131,000	-73,000	107,000	24,000	60,000	175,000	-6,000	595,000	17,000	-149,000	44,000	47,000	-5,000	-131,000	-32,000	29,000	-48,000	-47,000	23,000	98,000	-24,000	-103,000	-5,000	75,000	43,000	-76,000	31,000	-3,000	-49,000	-116,000	-63,000	70,000	30,000	-491,000	84,000	244,000	125,000	-26,000	748,000	46,000	27,000	822,000	-115,000	108,000	-48,000	33,000	-12,000	75,000	-31,000	-69,000	1,212,000	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
Change Receivables	0	0	162,000	0	-26,000	-166,000	-206,000	-73,000	0	-126,000	0	0	-4,000	-59,000	16,000	42,000	0	0	0	0	0	0	-121,000	-37,000	-9,000	33,000	-85,000	23,000	-9,000	60,000	-75,000	-4,000	-3,000	58,000	-57,000	-23,000	-14,000	29,000	-21,000	1,000	-37,000	15,000	0	0	-4,000	57,000	-55,000	39,000	-46,000	54,000	-55,000	-26,000	0	47,000	-48,000	10,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-100,000	8,000	134,000	28,000	-26,000	-166,000	-133,000	-73,000	-26,000	-85,000	-4,000	-37,000	-4,000	-59,000	16,000	42,000	-43,000	-32,000	-58,000	126,000	34,000	196,000	-118,000	-30,000	-13,000	38,000	-90,000	18,000	-17,000	60,000	-69,000	-5,000	-1,000	53,000	-59,000	-19,000	-15,000	40,000	-31,000	6,000	-34,000	94,000	-44,000	-29,000	-5,000	57,000	-55,000	39,000	-46,000	54,000	-55,000	-26,000	-9,000	47,000	-48,000	10,000	5,000	44,000	-35,000	-9,000	-4,000	0	791	15,000	46,000	0	1,225	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	63	0	0	0	0	0	0	0
Change To Inventory	213,000	30,000	13,000	-74,000	126,000	-206,000	-199,000	-147,000	77,000	-79,000	-54,000	-77,000	68,000	-74,000	-63,000	-38,000	100,000	-68,000	-20,000	-36,000	94,000	128,000	-24,000	-13,000	29,000	6,000	-19,000	-16,000	22,000	10,000	-4,000	-25,000	-9,000	14,000	10,000	-26,000	-16,000	21,000	13,000	-26,000	-4,000	26,000	-7,000	-18,000	10,000	11,000	7,000	-11,000	48,000	11,000	-11,000	-19,000	21,000	-14,000	0	-7,000	14,000	10,000	3,000	-24,000	63,000	16,000	13,000	-35,000	24,000	0	4,435	6,106	3,325	0	0	0	7	0	0	0	200	0	0	61	0	0	0	0	0	0	481	623	562	0	337	376	182	59	0	30
Change To Liabilities	0	0	-821,000	-391,000	-70,000	477,000	529,000	424,000	226,000	243,000	172,000	121,000	139,000	239,000	233,000	102,000	22,000	222,000	214,000	125,000	-185,000	0	126,000	40,000	-34,000	-9,000	109,000	-53,000	-56,000	-60,000	29,000	64,000	-6,000	-18,000	19,000	27,000	1,000	21,000	38,000	15,000	52,000	-620,000	39,082	3,721	-68,000	3,000	52,000	-474,000	82,000	157,000	163,000	90,000	645,000	875,000	85,000	9,000	12,776	35,026	25,173	10,207	13,830	18,088	2,492	1,381	12,528	11,116	17	0	0	9,555	1,329	4,289	4,356	2,494	3,050	2,568	1,161	3,916	3,332	1,648	1,833	1,868	544	1,862	967	0	0	0	0	1,036	1,584	812	0	2,207	1,779	1,673
Change To Netincome	0	0	64,000	-76,000	165,000	342,000	496,000	-78,000	-445,000	28,000	-37,000	123,000	146,000	27,000	55,000	80,000	-12,000	86,000	57,000	14,000	122,000	-99,000	19,000	50,000	-287,000	31,000	91,000	7,000	81,000	-32,000	0	2,000	17,000	34,000	12,000	7,000	64,000	27,000	15,000	6,000	19,000	94,000	68,000	29,000	45,000	16,000	27,000	20,000	-115,000	-114,000	-135,000	-76,000	109,000	39,000	8,000	18,000	6,235	11,653	0	3,348	0	636	0	0	0	0	0	0	0	0	0	0	389	0	0	0	636	299	0	0	0	0	0	0	1,222	0	424	813	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	0	-129,000	-36,000	-36,000	-31,000	-146,000	-44,000	-67,000	-20,000	-109,000	-60,000	33,000	-30,000	-198,000	-17,000	-25,000	-72,000	-108,000	14,000	14,000	-51,065	-8,636	-12,000	-13,800	-1,606	7,186	-100,000	-12,813	0	0	-2,000	-3,775	0	0	28,000	-10,692	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	182,000	177,000	175,000	186,000	179,000	172,000	176,000	182,000	185,000	170,000	178,000	175,000	163,000	165,000	162,000	163,000	168,000	186,000	181,000	163,000	168,000	175,000	60,000	59,000	57,000	57,000	55,000	60,000	58,000	55,000	55,000	56,000	59,000	56,000	56,000	56,000	61,000	57,000	57,000	60,000	60,000	59,000	58,000	57,000	58,000	57,000	65,000	60,000	65,000	56,000	54,000	57,000	58,000	56,000	55,000	54,000	56,000	52,000	50,000	49,000	62,000	47,000	51,000	48,000	42,000	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
Dividends Paid	300,000	279,000	282,000	281,000	284,000	265,000	266,000	265,000	268,000	263,000	232,000	192,000	211,000	212,000	211,000	212,000	211,000	210,000	212,000	211,000	209,000	186,000	105,000	104,000	105,000	105,000	107,000	97,000	98,000	98,000	100,000	90,000	91,000	92,000	93,000	79,000	80,000	80,000	82,000	75,000	77,000	77,000	78,000	70,000	71,000	72,000	73,000	68,000	68,000	72,000	55,000	56,000	58,000	60,000	38,000	38,000	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
End Period Cash Flow	267,000	260,000	278,000	204,000	535,000	928,000	554,000	594,000	568,000	203,000	170,000	349,000	255,000	218,000	177,000	223,000	111,000	112,000	160,000	139,000	139,000	122,000	101,000	121,000	158,000	165,000	387,000	176,000	1,787,000	620,000	245,000	275,000	911,000	207,000	127,000	93,000	237,000	266,000	135,000	120,000	153,000	119,000	113,000	208,000	366,000	383,000	303,000	192,000	701,000	651,000	550,000	657,000	315,000	224,000	411,000	571,000	280,000	282,000	235,000	219,000	214,000	239,000	300,000	99,000	62,000	28,000	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
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000	-3,000	1,000	2,000	3,000	-3,000	-2,000	-1,000	2,000	1,000	-7,000	0	-3,000	-3,000	-2,000	0	-1,000	-1,000	0	-4,000	1,000	-1,000	2,000	-1,000	3,000	1,000	-9,000	1,000	2,000	2,000	2,000	-3,000	4,000	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
Free Cash Flow	142,000	458,000	290,000	-42,000	639,000	676,000	599,000	544,000	842,000	654,000	484,000	439,000	655,000	513,000	523,000	248,000	518,000	510,000	552,000	529,000	474,000	625,000	275,000	59,000	188,000	278,000	284,000	80,000	185,000	233,000	189,000	150,000	160,000	345,000	225,000	81,000	186,000	299,000	274,000	92,000	182,000	290,000	184,000	26,000	144,000	251,000	245,000	-382,000	110,000	280,000	155,000	-3,000	920,000	217,000	220,000	932,000	77,000	245,000	131,000	95,000	85,000	184,000	80,000	56,000	-210,000	7,990	16,069	6,595	4,016	-784	3,427	516	3,231	5,432	5,537	3,490	3,262	-2,673	-4,784	-1,031	1,920	4,467	2,866	1,476	1,772	835	2,369	1,833	2,438	5,072	3,280	2,201	106	2,809	2,052	1,878
Investments	-161,000	-420,000	-8,000	-105,000	-922,000	-82,000	-45,000	41,000	576,000	-150,000	-101,000	-99,000	-1,000	-4,000	-126,000	-6,000	-10,000	-13,000	-18,000	-7,000	-21,000	25,000	-17,000	-19,000	250,000	-2,000	0	-1,000	-7,000	250,000	-1,000	-6,000	-35,000	-20,000	0	-15,000	-35,000	-135,905	0	0	0	0	0	0	0	0	0	0	-2,000	0	0	0	0	-1,000	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
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	311,000	267,000	396,000	-1,000	-185,000	-349,000	-682,000	-338,000	-439,000	-135,000	-77,000	-246,000	-459,000	2,000	-452,000	97,000	-303,000	-336,000	6,887,000	1,966,000	-120,000	54,000	-4,000	-244,000	161,000	-1,000	1,143,000	397,000	0	-500,000	744,000	168,447	0	0	-66,000	-70,000	-80,000	85,000	65,000	-68,000	-183,000	1,000	47,000	-9,000	2,000	6,000	100,000	0	0	500,000	-574,000	0	0	-405,000	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
Net Income	693,000	518,000	503,000	467,000	453,000	180,000	218,000	585,000	843,000	530,000	448,000	325,000	428,000	443,000	298,000	156,000	406,000	304,000	314,000	230,000	266,000	-71,000	235,000	159,000	508,000	203,000	188,000	177,000	165,000	240,000	260,000	182,000	185,000	202,000	220,000	157,000	150,000	188,000	210,000	155,000	156,000	207,000	155,000	106,000	170,000	179,000	178,000	102,000	166,000	154,000	172,000	114,000	112,000	144,000	183,000	89,000	114,000	151,000	158,000	132,000	-621,000	106,000	108,000	95,000	138,000	3,571	3,685	3,145	2,442	1,534	1,955	1,974	2,980	2,435	2,155	1,960	2,406	2,005	1,906	1,315	2,599	1,396	1,358	1,198	2,314	957	1,441	1,326	2,246	1,525	1,342	1,213	1,820	1,496	802	615
Other Cashflows From Financing Activities	-12,000	17,678,000	-11,000	3,491,000	686,000	-5,000	3,462,000	-9,000	-1,000	-1,000	2,774,000	-168,000	1,652,000	-24,000	1,824,000	552,000	-188,000	-301,000	-213,000	2,673,000	-5,000	23,776,000	-49,000	35,000	2,000	-3,000	10,000	-31,000	-15,000	-4,000	1,000	-11,000	742,000	6,000	2,000	12,000	10,000	1,000	-77,000	102,000	66,000	-67,000	-173,000	-4,000	-3,000	8,000	6,000	19,000	-3,000	1,000	16,000	499,000	-5,000	4,000	-43,000	-55,000	1,254,000	-2,000	-58,000	-1,000	1,993,000	-241,000	-1,216,000	-66,000	-227,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5	0	0	0	0	0	0	0	0	0
Other Cashflows From Investing Activities	0	0	-3,000	-43,000	85,000	-8,000	-12,000	71,000	82,000	-13,000	10,000	1,000	-28,000	-6,000	-1,000	191,000	198,000	1,000	5,000	24,000	-38,060,000	19,205,000	-73,000	-8,000	-3,000	-2,000	-1,000	-1,552,000	-8,000	0	3,000	-7,000	9,000	0	15,000	-5,000	-18,000	0	4,000	-1,000	1,000	-3,000	1,000	-15,000	1,000	1,000	137,973	-2,000	-2,000	1,000	1,000	0	2,000	4,000	16,000	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
Other Non Cash Items	-43,000	149,000	62,000	-105,000	152,000	540,000	529,000	-17,000	-517,000	17,000	-37,000	87,000	45,000	21,000	58,000	154,000	-9,000	33,000	43,000	8,000	72,000	58,000	-32,000	4,000	-47,000	-12,000	47,000	-45,000	24,000	-29,000	-62,000	-41,000	-12,000	-2,000	-20,000	-33,000	24,000	-13,000	-20,000	-35,000	3,000	-17,000	-5,000	-11,000	-13,000	-26,000	-12,000	-32,000	-8,000	-5,000	-12,000	-16,000	77,000	-12,000	3,000	7,000	48,000	4,000	7,000	-56,000	1,048,000	2,000	41,000	-3,000	-1,547,000	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
Sale Purchase Of Stock	-249,000	-25,000	-226,000	-231,000	-291,000	-2,000	-88,000	0	524,000	1,966,000	0	2,150,000	-1,239,000	836,000	22,000	0	0	0	0	8,000	-9,212,000	8,993,000	5,000	2,000	-79,000	-143,000	-149,000	-28,000	-59,000	-157,000	-124,000	-179,000	-117,000	-153,000	-116,000	-135,000	-124,000	-20,000	-106,000	-150,000	-137,000	-137,000	-25,000	-101,000	-138,000	-110,000	-67,000	-85,000	-97,000	-100,000	-225,000	-100,000	-203,000	-353,000	-355,000	-202,000	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
Stock Based Compensation	30,000	29,000	28,000	29,000	9,000	31,000	27,000	-15,000	20,000	20,000	23,000	25,000	23,000	20,000	23,000	19,000	17,000	13,000	20,000	14,000	14,000	49,000	11,000	10,000	10,000	10,000	10,000	6,000	12,000	11,000	11,000	11,000	11,000	12,000	12,000	9,000	13,000	13,000	11,000	11,000	9,000	9,000	10,000	9,000	9,000	9,000	9,000	8,000	10,000	7,000	9,000	8,000	8,000	8,000	7,000	6,000	6,000	5,000	5,000	3,000	8,000	-6,000	0	1,000	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
Total Cash From Financing Activities	-135,000	-174,000	-220,000	-303,000	-213,000	-294,000	-577,000	-644,000	-1,132,000	-602,000	-673,000	-355,000	-624,000	-465,000	-573,000	-328,000	-738,000	-546,000	-524,000	-556,000	-507,000	18,380,000	-223,000	-73,000	-190,000	-497,000	-78,000	-142,000	984,000	141,000	-220,000	-775,000	534,000	-239,000	-207,000	-202,000	-194,000	-165,000	-265,000	-123,000	-148,000	-281,000	-276,000	-175,000	-161,000	-174,000	-134,000	-134,000	-60,000	-171,000	-264,000	343,000	-833,000	-409,000	-393,000	-645,000	-71,000	-202,000	-125,000	-156,000	-102,000	-241,000	-1,216,000	-66,000	-227,000	0	0	0	0	96,167	91,839	0	0	0	0	0	0	6,197	5,212	520	0	0	0	0	0	13,017	11,144	12,203	0	0	0	0	0	0	0	0
Total Cash From Operating Activities	297,000	580,000	381,000	71,000	739,000	759,000	676,000	663,000	941,000	794,000	593,000	546,000	790,000	604,000	648,000	414,000	671,000	600,000	612,000	591,000	550,000	645,000	315,000	103,000	306,000	322,000	313,000	97,000	256,000	276,000	230,000	177,000	268,000	374,000	248,000	101,000	253,000	331,000	309,000	129,000	250,000	340,000	216,000	60,000	194,000	305,000	284,000	-325,000	180,000	324,000	205,000	51,000	996,000	273,000	279,000	987,000	164,000	330,000	193,000	178,000	186,000	245,000	178,000	100,000	-103,000	29,834	31,298	15,381	8,570	12,829	13,350	8,621	8,587	14,874	12,343	7,828	5,942	16,589	10,656	7,436	6,504	11,322	7,923	4,899	3,934	11,877	9,149	7,027	5,238	11,738	8,298	4,754	1,520	7,406	5,189	3,948
Total Cashflows From Investing Activities	0	0	-98,000	-105,000	-922,000	-82,000	-134,000	3,000	560,000	-150,000	-101,000	-99,000	-134,000	-90,000	-126,000	34,000	66,000	-102,000	-69,000	-45,000	-61,000	-18,891,000	-111,000	-68,000	-120,000	-48,000	-26,000	-1,569,000	-70,000	-119,000	-39,000	-40,000	-99,000	-95,000	-7,000	-40,000	-85,000	-100,000	-30,000	-38,000	-67,000	-53,000	-31,000	-44,000	-49,000	-53,000	-38,000	-53,000	-71,000	-43,000	-49,000	-54,000	-74,000	-53,000	-43,000	-55,000	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

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
Cost Of Revenue	6,734,000	6,734,000	5,706,000	5,132,000	4,778,000	3,560,000	2,695,000	2,582,000	2,559,000	2,491,000	2,499,000	2,500,000	2,485,000	2,243,000	2,234,000	2,590,000	2,617,000	1,994,000	1,120,000	1,051,000	62,868	52,704	51,041	47,497
Depreciation And Amortization	720,000	873,000	710,000	703,000	679,000	462,000	229,000	224,000	227,000	235,000	234,000	240,000	232,000	223,000	207,000	208,000	169,000	139,000	79,000	70,000	0	0	0	0
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
Ebit	3,255,000	2,605,000	2,894,000	2,480,000	2,378,000	1,256,000	1,399,000	1,461,000	1,301,000	1,182,000	665,000	1,103,000	1,027,000	1,028,000	1,089,000	971,000	1,013,000	1,038,000	977,000	834,000	0	0	0	0
Ebitda	3,975,000	3,478,000	3,604,000	3,183,000	3,057,000	1,718,000	1,628,000	1,685,000	1,528,000	1,417,000	899,000	1,343,000	1,259,000	1,251,000	1,296,000	1,179,000	1,182,000	1,177,000	1,056,000	904,000	0	0	0	0
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
Extraordinary Items	0	0	0	0	0	5,000	297,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	8,080,000	7,323,000	6,977,000	6,486,000	6,342,000	3,882,000	3,995,000	3,858,000	3,723,000	3,630,000	3,498,000	3,495,000	3,418,000	3,393,000	3,297,000	3,120,000	3,131,000	2,741,000	2,085,000	2,014,000	53,859	47,296	44,535	36,504
Income Before Tax	2,757,000	1,719,000	2,798,000	1,753,000	1,694,000	791,000	1,173,000	1,283,000	1,184,000	1,073,000	542,000	978,000	925,000	821,000	868,000	-375,000	817,000	805,000	787,000	703,000	11,511	10,108	9,627	6,232
Income Tax Expense	576,000	284,000	653,000	428,000	440,000	202,000	95,000	434,000	420,000	371,000	-81,000	349,000	320,000	294,000	315,000	-61,000	322,000	298,000	321,000	270,000	5,245	4,138	3,845	2,079
Interest Expense	496,000	693,000	500,000	604,000	654,000	452,000	164,000	147,000	117,000	109,000	123,000	125,000	114,000	128,000	243,000	257,000	253,000	257,000	210,000	177,000	0	0	0	0
Interest Income	0	0	0	0	672,000	425,000	3,000	3,000	115,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	1,000	-1,000	1,000	1,000	3,000	218,792	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	2,181,000	1,436,000	2,146,000	1,325,000	1,254,000	586,000	1,076,000	847,000	764,000	703,000	624,000	629,000	606,000	528,000	555,000	-312,000	497,000	510,000	477,000	446,000	6,266	5,970	5,900	4,213
Net Income Applicable To Common Shares	0	1,436,000	2,146,000	1,325,000	1,254,000	586,000	1,076,000	847,000	764,000	703,000	624,000	629,000	606,000	528,000	55,882	22,299	12,843	8,443	8,956	7,825	6,266	5,970	5,782	4,153
Net Income From Continuing Ops	2,181,000	1,435,000	2,145,000	1,325,000	1,254,000	589,000	1,078,000	849,000	764,000	702,000	623,000	629,000	605,000	527,000	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-496,000	-693,000	-500,000	-604,000	-654,000	-452,000	-161,000	-144,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	-181,000	421,000	-21,000	-30,000	6,000	-53,000	-5,000	3,000	3,000	-380,000	11,000	16,000	-75,000	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	178,000	0	67,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	3,192,000	2,605,000	2,894,000	2,480,000	2,378,000	1,237,000	1,388,000	1,433,000	1,298,000	1,180,000	1,046,000	1,092,000	1,024,000	1,025,000	1,085,000	-168,000	1,004,000	1,018,000	906,000	834,000	13,121	10,680	10,121	6,902
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
Other Operating Expenses	11,620,000	11,274,000	9,789,000	9,071,000	8,742,000	6,205,000	5,302,000	5,007,000	4,984,000	4,941,000	4,951,000	4,903,000	4,879,000	4,611,000	4,446,000	5,821,000	4,744,000	3,690,000	2,289,000	2,195,000	0	0	0	0
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
Reconciled Depreciation	720,000	709,000	708,000	495,000	484,000	462,000	229,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	66,000	65,000	66,000	69,000	81,000	64,000	20,000	20,000	19,000	18,000	15,000	15,000	15,000	16,000	6,100	4,100	3,300	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	2,283,000	2,015,000	1,815,000	1,851,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	4,912,000	2,362,000	2,138,000	2,163,000	2,111,000	2,635,000	2,556,000	2,329,000	2,313,000	2,334,000	2,328,000	2,268,000	2,257,000	2,233,000	2,135,000	2,075,000	2,018,000	63,920	41,071	39,231	35,890	32,535	30,741	26,634
Tax Provision	576,000	284,000	653,000	428,000	440,000	202,000	95,000	434,000	420,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	4,886,000	4,540,000	4,083,000	3,939,000	3,964,000	2,645,000	2,607,000	2,425,000	2,425,000	2,450,000	2,452,000	2,403,000	2,394,000	2,368,000	2,212,000	3,231,000	2,127,000	1,696,000	1,169,000	1,144,000	0	0	0	0
Total Other Income Expense Net	59,000	-886,000	-96,000	-727,000	-684,000	6,000	-54,000	-6,000	1,000	-107,000	-383,000	9,000	12,000	-79,000	22,000	-1,080,000	-7,000	4,000	-61,000	-34,000	0	0	0	0
Total Revenue	14,814,000	14,057,000	12,683,000	11,618,000	11,120,000	7,442,000	6,690,000	6,440,000	6,282,000	6,121,000	5,997,000	5,995,000	5,903,000	5,636,000	5,531,000	5,710,000	5,748,000	4,735,000	3,205,000	3,065,000	116,727	100,000	95,576	84,001

	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	1,683,000	1,694,000	1,748,000	1,609,000	1,807,000	1,721,000	1,778,000	1,428,000	1,619,000	1,415,000	1,370,000	1,302,000	1,353,000	1,316,000	1,302,000	1,161,000	1,241,000	1,245,000	1,186,000	1,106,000	1,268,000	1,371,000	790,000	681,000	663,000	707,000	718,000	607,000	627,000	683,000	670,000	602,000	610,000	673,000	674,000	602,000	614,000	658,000	665,000	554,000	583,000	650,000	676,000	590,000	605,000	626,000	685,000	584,000	604,000	672,000	662,000	547,000	554,000	600,000	593,000	496,000	528,000	579,000	596,000	531,000	587,000	720,000	706,000	577,000	78,817	56,132	44,461	46,714	48,084	38,351	28,017	28,184	39,429	22,362	22,709	22,686	30,756	18,406	17,591	18,049	24,640	15,216	14,034	14,160	19,458	11,430	12,267	12,155	16,852	10,445	11,271	12,342	17,474	12,190	11,217	10,320
Depreciation And Amortization	182,000	177,000	175,000	206,000	174,000	172,000	167,000	182,000	185,000	170,000	178,000	175,000	163,000	165,000	162,000	163,000	168,000	186,000	181,000	163,000	168,000	175,000	60,000	59,000	57,000	57,000	55,000	60,000	25,000	55,000	55,000	56,000	26,000	56,000	56,000	56,000	29,000	57,000	57,000	60,000	60,000	28,000	58,000	57,000	29,000	57,000	65,000	60,000	31,000	56,000	54,000	57,000	58,000	32,000	55,000	54,000	56,000	52,000	50,000	49,000	62,000	47,000	51,000	48,000	42,000	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
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	963,000	903,000	785,000	584,000	673,000	701,000	572,000	658,000	536,000	794,000	738,000	643,000	608,000	748,000	565,000	446,000	541,000	571,000	405,000	493,000	538,000	202,000	364,000	260,000	365,000	370,000	376,000	288,000	336,000	376,000	435,000	314,000	325,000	336,000	369,000	271,000	259,000	312,000	349,000	262,000	266,000	-128,000	327,000	200,000	294,000	308,000	301,000	192,000	272,000	262,000	290,000	203,000	277,000	260,000	311,000	188,000	252,000	273,000	298,000	266,000	252,000	215,000	300,000	204,000	-3,385,000	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
Ebitda	1,145,000	1,080,000	960,000	790,000	847,000	873,000	739,000	840,000	721,000	964,000	916,000	818,000	771,000	913,000	727,000	609,000	709,000	757,000	586,000	656,000	706,000	377,000	424,000	319,000	422,000	427,000	431,000	348,000	361,000	431,000	490,000	370,000	351,000	392,000	425,000	327,000	288,000	369,000	406,000	322,000	326,000	-100,000	385,000	257,000	323,000	365,000	366,000	252,000	303,000	318,000	344,000	260,000	335,000	292,000	366,000	242,000	308,000	325,000	348,000	315,000	314,000	262,000	351,000	252,000	-3,343,000	1,535,000	1,406,000	1,406,000	-3,266,000	1,437,000	1,437,000	1,437,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	5,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	2,184,000	2,111,000	2,041,000	1,744,000	1,996,000	1,901,000	1,776,000	1,650,000	1,772,000	1,835,000	1,770,000	1,600,000	1,768,000	1,704,000	1,562,000	1,452,000	1,693,000	1,625,000	1,626,000	1,398,000	1,545,000	1,361,000	1,096,000	913,000	980,000	1,033,000	1,079,000	903,000	951,000	997,000	1,025,000	885,000	936,000	957,000	981,000	849,000	895,000	925,000	966,000	844,000	880,000	893,000	935,000	790,000	879,000	902,000	936,000	778,000	857,000	857,000	920,000	784,000	858,000	857,000	926,000	752,000	828,000	855,000	885,000	729,000	754,000	785,000	851,000	730,000	1,401,000	1,535,000	1,406,000	1,406,000	424,000	1,437,000	1,437,000	1,437,000	0	63,023	0	0	0	58,758	0	0	0	53,859	0	0	0	47,296	0	0	0	44,535	0	0	0	0	0	0
Income Before Tax	899,000	664,000	613,000	581,000	558,000	183,000	213,000	765,000	1,109,000	678,000	613,000	398,000	558,000	584,000	406,000	205,000	550,000	413,000	416,000	315,000	358,000	194,000	321,000	219,000	325,000	317,000	283,000	248,000	257,000	343,000	402,000	281,000	291,000	308,000	341,000	244,000	230,000	285,000	322,000	236,000	237,000	-157,000	296,000	166,000	263,000	281,000	271,000	163,000	246,000	236,000	265,000	178,000	149,000	231,000	284,000	157,000	164,000	242,000	248,000	214,000	-882,000	164,000	188,000	155,000	4,873	6,081	5,965	5,465	4,066	2,581	3,686	3,673	5,152	3,871	3,661	3,204	4,341	3,447	3,152	2,237	4,720	2,696	2,547	2,253	4,015	1,747	2,318	2,269	3,774	2,275	2,228	2,071	3,053	1,704	1,333	1,027
Income Tax Expense	206,000	146,000	110,000	114,000	105,000	4,000	-5,000	180,000	266,000	149,000	165,000	73,000	130,000	141,000	108,000	49,000	144,000	109,000	102,000	85,000	92,000	46,000	83,000	54,000	-184,000	114,000	94,000	71,000	91,000	102,000	142,000	99,000	106,000	106,000	121,000	87,000	80,000	97,000	113,000	81,000	81,000	-364,000	142,000	60,000	93,000	102,000	93,000	61,000	80,000	82,000	94,000	64,000	37,000	87,000	102,000	68,000	50,000	92,000	91,000	82,000	-260,000	59,000	80,000	60,000	-3,523,000	-153,000	-103,000	-103,000	-138,000	-124,000	-124,000	-124,000	2,172	1,436	1,506	1,244	1,935	1,442	1,246	922	2,121	1,300	1,189	1,055	1,701	790	877	943	1,528	868	886	858	1,233	268	531	412
Interest Expense	64,000	237,000	172,000	23,000	123,000	207,000	175,000	188,000	119,000	116,000	125,000	140,000	146,000	148,000	157,000	153,000	157,000	158,000	170,000	169,000	180,000	172,000	43,000	41,000	40,000	40,000	44,000	40,000	48,000	33,000	33,000	33,000	34,000	28,000	28,000	27,000	29,000	27,000	27,000	26,000	29,000	29,000	31,000	34,000	31,000	31,000	31,000	32,000	29,000	30,000	28,000	27,000	34,000	31,000	29,000	34,000	85,000	51,000	52,000	55,000	58,000	59,000	92,000	48,000	1,639	1,465	1,576	1,716	1,863	1,865	340	91	129	104	114	192	314	219	113	103	129	108	170	156	232	93	92	18	77	93	96	146	198	194	141	107
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	157,000	136,000	159,000	168,000	170,000	175,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	-1,000	0	0	0	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	0	0	0	3,000	-318,000	318,000	288,018	258,000	1,544,237	-795,267	0	-331,091	-198,006	4,554	-13,662	9,108	-9,376	85	102	100	-25,551	225	229	248	185	174	150	362	148	224	232	268	452	622	436	37	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	693,000	518,000	503,000	467,000	453,000	180,000	218,000	585,000	843,000	530,000	448,000	325,000	428,000	443,000	298,000	156,000	406,000	304,000	314,000	230,000	266,000	148,000	235,000	159,000	508,000	203,000	188,000	177,000	165,000	240,000	260,000	182,000	185,000	202,000	220,000	157,000	150,000	188,000	210,000	155,000	156,000	207,000	155,000	106,000	170,000	179,000	178,000	102,000	166,000	154,000	172,000	114,000	112,000	144,000	183,000	89,000	114,000	151,000	158,000	132,000	-621,000	106,000	108,000	95,000	138,000	153,000	103,000	103,000	138,000	124,000	124,000	124,000	2,980	2,435	2,155	1,960	2,406	2,005	1,906	1,315	2,599	1,396	1,358	1,198	2,314	957	1,441	1,326	2,246	1,525	1,342	1,213	1,820	1,496	802	615
Net Income Applicable To Common Shares	0	0	503,000	467,000	453,000	180,000	218,000	585,000	843,000	530,000	448,000	325,000	428,000	443,000	298,000	156,000	406,000	304,000	314,000	230,000	44,000	148,000	235,000	159,000	508,000	203,000	188,000	177,000	165,000	-328,401	260,000	182,000	185,000	-1,381,204	220,000	157,000	150,000	-1,634,403	210,000	155,000	156,000	207,000	155,000	106,000	170,000	179,000	178,000	102,000	166,000	154,000	172,000	114,000	112,000	144,000	183,000	89,000	10,060	14,375	14,140	12,983	14,384	7,088	6,329	5,957	2,925	3,571	3,685	3,145	2,442	1,534	1,955	1,974	2,980	2,435	2,155	1,960	2,406	2,005	1,906	1,315	2,599	1,396	1,358	1,198	2,314	957	1,441	1,326	2,246	1,407	1,342	1,213	1,820	1,436	802	615
Net Income From Continuing Ops	693,000	518,000	503,000	467,000	453,000	179,000	218,000	585,000	843,000	529,000	448,000	325,000	428,000	443,000	298,000	156,000	406,000	304,000	314,000	230,000	-54,000	240,000	238,000	165,000	509,000	203,000	189,000	177,000	166,000	-628,497	260,000	182,000	185,000	-1,495,884	220,000	157,000	150,000	-1,792,242	209,000	155,000	156,000	207,000	154,000	106,000	170,000	179,000	178,000	102,000	166,000	154,000	171,000	114,000	112,000	144,000	182,000	89,000	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
Net Interest Income	-64,000	-237,000	-172,000	-23,000	-123,000	-207,000	-175,000	-188,000	-119,000	-116,000	-125,000	-140,000	-146,000	-148,000	-157,000	-153,000	-157,000	-158,000	-170,000	-169,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	16,000	20,000	8,000	-4,000	-178,000	-7,000	520,000	-1,000	4,000	-102,000	4,000	-5,000	2,000	-22,000	-6,000	-9,000	-1,000	-14,000	-10,000	22,000	-1,000	-5,000	1,000	-10,000	-47,000	3,000	-31,000	2,000	23,000	1,000	3,000	-1,000	0	1,000	3,000	-4,000	2,000	2,000	3,000	-428,000	42,000	3,000	2,000	4,000	2,000	3,000	4,000	5,000	4,000	3,000	-85,000	2,000	4,000	4,000	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
Non Recurring	0	0	0	0	166,000	311,000	0	-299,000	0	0	0	0	67,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	943,000	896,000	769,000	584,000	673,000	701,000	572,000	658,000	725,000	795,000	734,000	640,000	700,000	753,000	561,000	466,000	713,000	580,000	587,000	498,000	547,000	344,000	362,000	259,000	363,000	367,000	373,000	285,000	335,000	373,000	412,000	313,000	322,000	337,000	369,000	270,000	256,000	316,000	348,000	260,000	264,000	300,000	285,000	197,000	292,000	308,000	300,000	192,000	271,000	261,000	290,000	202,000	268,000	260,000	310,000	187,000	251,000	272,000	297,000	265,000	-836,000	213,000	269,000	186,000	-3,343,000	1,535,000	1,406,000	1,406,000	-3,266,000	1,437,000	1,437,000	1,437,000	5,163	3,784	3,855	3,388	4,877	3,840	3,373	2,503	5,137	3,284	2,955	2,645	4,237	2,057	2,478	2,283	3,862	2,365	2,303	2,215	3,238	1,890	1,444	1,255
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	2,924,000	2,907,000	3,020,000	2,769,000	2,964,000	2,917,000	2,982,000	2,411,000	2,666,000	2,455,000	2,406,000	2,262,000	2,354,000	2,267,000	2,303,000	2,147,000	2,221,000	2,290,000	2,225,000	2,006,000	2,266,000	2,388,000	1,524,000	1,335,000	1,280,000	1,373,000	1,424,000	1,225,000	1,243,000	1,307,000	1,283,000	1,174,000	1,224,000	1,293,000	1,286,000	1,181,000	1,253,000	1,267,000	1,283,000	1,138,000	1,199,000	1,243,000	1,326,000	1,183,000	1,192,000	1,220,000	1,321,000	1,170,000	1,190,000	1,268,000	1,292,000	1,129,000	1,136,000	1,197,000	1,209,000	1,061,000	1,105,000	1,162,000	1,184,000	995,000	2,151,000	1,285,000	1,274,000	1,111,000	1,075,000	0	0	0	3,690,000	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
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	182,000	177,000	175,000	186,000	179,000	172,000	176,000	182,000	185,000	170,000	178,000	135,000	123,000	123,000	118,000	131,000	-46,000	186,000	181,000	163,000	168,000	175,000	60,000	59,000	57,000	57,000	55,000	60,000	58,000	55,000	55,000	56,000	59,000	56,000	56,000	56,000	61,000	57,000	57,000	60,000	60,000	59,000	58,000	57,000	58,000	57,000	65,000	60,000	65,000	56,000	54,000	57,000	58,000	56,000	55,000	54,000	56,000	52,000	50,000	49,000	62,000	47,000	51,000	48,000	42,000	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
Research Development	0	0	0	0	65,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	64,000	0	0	0	3,000	0	0	0	20,000	0	19,000	38,000	19,000	84,700	18,000	36,000	18,000	76,500	15,000	27,700	42,700	57,700	26,700	26,700	26,700	41,700	2,700	2,700	2,700	17,700	3,500	3,500	3,500	12,500	0	0	0	6,100	0	0	0	4,100	0	0	0	3,300	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
Selling And Marketing Expenses	0	0	0	0	2,283,000	0	0	0	0	0	0	0	28,000	0	0	0	0	0	0	0	13,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	1,258,000	1,217,000	1,272,000	1,165,000	1,056,000	1,196,000	1,204,000	1,018,000	1,113,000	1,040,000	1,039,000	961,000	1,028,000	949,000	1,001,000	1,028,000	1,011,000	1,012,000	1,028,000	911,000	999,000	1,025,000	721,000	626,000	612,000	640,000	683,000	621,000	590,000	603,000	590,000	546,000	583,000	592,000	586,000	552,000	607,000	581,000	592,000	554,000	583,000	563,000	619,000	563,000	555,000	561,000	599,000	553,000	553,000	559,000	598,000	547,000	551,000	564,000	587,000	531,000	539,000	547,000	550,000	499,000	489,000	542,000	536,000	508,000	36,758	25,351	26,782	25,425	25,864	20,730	13,160	12,899	17,131	8,734	9,836	9,555	12,946	8,354	9,294	9,443	12,140	7,633	8,320	8,450	11,487	7,149	7,290	7,656	10,440	6,756	7,009	7,352	9,133	6,572	6,315	6,014
Tax Provision	206,000	146,000	110,000	114,000	105,000	4,000	-5,000	180,000	266,000	149,000	165,000	73,000	130,000	141,000	108,000	49,000	144,000	109,000	102,000	85,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	1,241,000	1,213,000	1,272,000	1,160,000	1,157,000	1,196,000	1,204,000	983,000	1,047,000	1,040,000	1,036,000	960,000	1,001,000	951,000	1,001,000	986,000	980,000	1,045,000	1,039,000	900,000	998,000	1,017,000	734,000	654,000	617,000	666,000	706,000	618,000	616,000	624,000	613,000	572,000	614,000	620,000	612,000	579,000	639,000	609,000	618,000	584,000	616,000	593,000	650,000	593,000	587,000	594,000	636,000	586,000	586,000	596,000	630,000	582,000	582,000	597,000	616,000	565,000	577,000	583,000	588,000	464,000	1,564,000	565,000	568,000	534,000	1,075,000	0	0	0	-3,690,000	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
Total Other Income Expense Net	20,000	3,000	16,000	-3,000	-115,000	-518,000	-359,000	107,000	503,000	-1,000	4,000	-102,000	-63,000	-21,000	2,000	-108,000	-6,000	-9,000	-1,000	-14,000	-9,000	22,000	2,000	-40,000	2,000	-11,000	-47,000	2,000	-31,000	2,000	22,000	1,000	2,000	-1,000	-1,000	1,000	2,000	-4,000	1,000	1,000	1,000	-428,000	41,000	3,000	1,000	4,000	1,000	3,000	3,000	4,000	3,000	2,000	-94,000	2,000	2,000	3,000	-3,000	20,000	2,000	3,000	-1,061,000	6,000	-17,000	-8,000	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
Total Revenue	3,867,000	3,805,000	3,789,000	3,353,000	3,803,000	3,622,000	3,554,000	3,078,000	3,391,000	3,250,000	3,140,000	2,902,000	3,121,000	3,020,000	2,864,000	2,613,000	2,934,000	2,870,000	2,812,000	2,504,000	2,813,000	2,732,000	1,886,000	1,594,000	1,643,000	1,740,000	1,797,000	1,510,000	1,578,000	1,680,000	1,695,000	1,487,000	1,546,000	1,630,000	1,655,000	1,451,000	1,509,000	1,583,000	1,631,000	1,398,000	1,463,000	1,543,000	1,611,000	1,380,000	1,484,000	1,528,000	1,621,000	1,362,000	1,461,000	1,529,000	1,582,000	1,331,000	1,412,000	1,457,000	1,519,000	1,248,000	1,356,000	1,434,000	1,481,000	1,260,000	1,341,000	1,505,000	1,557,000	1,307,000	1,401,000	1,535,000	1,406,000	1,406,000	424,000	1,437,000	1,437,000	1,437,000	63,867	36,404	37,782	36,993	50,357	31,754	31,347	31,058	43,285	27,505	26,344	26,311	36,567	21,641	22,989	23,013	32,357	20,483	21,447	22,741	30,905	21,332	19,668	18,259

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

Gross Profit (+$)
totalRevenue	14,814,000
Cost of Revenue	-6,734,000
Gross Profit	8,080,000	8,080,000

Operating Income (+$)
Gross Profit	8,080,000
Operating Expense	-4,886,000
Operating Income	3,192,000	3,194,000

Operating Expense (+$)
Research Development	66,000
Selling General Administrative	4,912,000
Selling And Marketing Expenses	0
Operating Expense	4,886,000	4,978,000

Net Interest Income (+$)
Interest Income	0
Interest Expense	-496,000
Other Finance Cost	-0
Net Interest Income	-496,000

Pretax Income (+$)
Operating Income	3,192,000
Net Interest Income	-496,000
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	2,757,000	3,133,000 EBIT - interestExpense = 2,759,000 2,757,000 2,677,000
Interest Expense	496,000
Earnings Before Interest and Taxes (EBIT)	3,255,000	3,253,000
Earnings Before Interest and Taxes (EBITDA)	3,975,000

After tax Income (+$)
Income Before Tax	2,757,000
Tax Provision	-576,000
Net Income From Continuing Ops	2,181,000	2,181,000
Net Income	2,181,000
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	11,620,000
Total Other Income/Expenses Net	59,000	496,000

Technical Analysis of Keurig Dr Pepper Inc
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Keurig Dr Pepper Inc. The general trend of Keurig Dr Pepper Inc is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Keurig Dr Pepper Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (42.9%)		Bearish trend (-42.9%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

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

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

Score

Let's take a look at the Support & Resistance of Keurig Dr Pepper Inc.

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

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

The bullish price targets are: 33.91 < 33.95 < 34.94.

The bearish price targets are: 33.62 > 33.29 > 33.21.

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Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current mas is .

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

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

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current macd is 0.58478694.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Keurig Dr Pepper Inc price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Keurig Dr Pepper Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Keurig Dr Pepper Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current adx is 26.78.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Keurig Dr Pepper Inc shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current sar is 30.66.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current rsi is 79.66. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
Trending up: The RSI is trending up. +1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current phase is Overbought in bull market.

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

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +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 Keurig Dr Pepper Inc price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current cci is 366.16.

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

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current cmo is 74.04.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current willr is -14.88372093.

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

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

Keurig Dr Pepper 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 Keurig Dr Pepper Inc.

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current atr is 0.64254415.

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current obv is -160,478,392.

Keurig Dr Pepper 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 Keurig Dr Pepper Inc. The current mfi is 78.21.

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

MFI > 50: +1

Keurig Dr Pepper Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Keurig Dr Pepper Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	79.657
Ma 20	Greater than	Ma 50	31.143
Ma 50	Greater than	Ma 100	30.364
Ma 100	Greater than	Ma 200	31.119
Open	Greater than	Close	33.950
Total			3/5 (60.0%)

Create your own Symbol Scanner

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Quick analysis of Keurig Dr Pepper Inc (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

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1. Valuation of Keurig Dr Pepper Inc (5 min.)

$33.84

$18.32

$-8.98 - $10.99

$9.35 - $29.32

2. Growth of Keurig Dr Pepper Inc (5 min.)

Is Keurig Dr Pepper Inc growing?

How much money is Keurig Dr Pepper Inc making?

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

3. Financial Health of Keurig Dr Pepper Inc (5 min.)

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

What can you expect buying and holding a share of Keurig Dr Pepper Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Keurig Dr Pepper Inc

About Keurig Dr Pepper Inc

Financial Health

Valuation

1.1. Profitability of Keurig Dr Pepper Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

1.1.2. Return on Assets

Trends

1.1.3. Return on Equity

Trends

1.2. Operating Efficiency of Keurig Dr Pepper Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Keurig Dr Pepper Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

1.3.2. Quick Ratio

Trends

1.4. Solvency of Keurig Dr Pepper Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

1.4.2. Debt to Equity Ratio

Trends

2. Market Valuation of Keurig Dr Pepper Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

2.2. Price To Free Cash Flow Ratio

Trends

2. Book Value per Share

2.3. Price to Book Ratio

Trends

Keurig Dr Pepper Inc
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