Lithia Motors Inc
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Let's analyse Lithia Motors Inc together

Penke I guess you are interested in Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc (30 sec.)

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

How much money do you get?

$1.91

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$227.64

Expected worth in 1 year

$264.55

How sure are you?

90.0%

+ What do you gain per year?

Total Gains per Share

$38.82

Return On Investment

14.9%

For what price can you sell your share?

Current Price per Share

$260.87

Expected price per share

$233.54 - $308.51

How sure are you?

50%

1. Valuation of Lithia Motors Inc (5 min.)

Live pricePrice per Share (EOD)

$260.87

Book Value per Share

$227.64

Intrinsic Value Per Share

$-240.30 - $-177.46

Total Value Per Share

$-12.66 - $50.18

My calculation of the intrinsic value of Lithia Motors 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: ($0.80) 3Y: ($-0.58) TTM: ($-7.02)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.30) 3Y: ($-0.40) TTM: ($-2.24)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-6.06	$0.17	$-8.70 - $-1.67
2	$-17.58	$-4.31	$-15.08 - $-6.54
3	$-33.92	$-13.17	$-21.46 - $-11.41
4	$-54.50	$-26.15	$-27.84 - $-16.29
5	$-78.79	$-43.01	$-34.22 - $-21.16
6	$-106.31	$-63.50	$-40.60 - $-26.04
7	$-136.60	$-87.40	$-46.98 - $-30.91
8	$-169.26	$-114.50	$-53.36 - $-35.79
9	$-203.94	$-144.59	$-59.74 - $-40.66
10	$-240.30	$-177.46	$-66.12 - $-45.53

2. Growth of Lithia Motors Inc (5 min.)

Is Lithia Motors Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$6.2b	$4.9b	$918.6m	15.5%

How much money is Lithia Motors Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$250.2m	$312.6m	-$62.4m	-25.0%
Net Profit Margin	3.2%	4.4%	-	-

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

Quarterly Yearly

3. Financial Health of Lithia Motors Inc (5 min.)

4. Comparing to competitors in the Auto & Truck Dealerships industry (5 min.)

Industry Rankings (Auto & Truck Dealerships)

Richest
#2 / 64

Most Revenue
#4 / 64

Most Profit
#7 / 64

Most Efficient
#22 / 64

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

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

What can you expect buying and holding a share of Lithia Motors Inc?

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

Speculation

The Price per Share of Lithia Motors Inc is $260.87. 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 Lithia Motors 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 Lithia Motors 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 $227.64. Based on the TTM, the Book Value Change Per Share is $9.23 per quarter. Based on the YOY, the Book Value Change Per Share is $9.34 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 $0.48 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Lithia Motors 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	7.74	3.0%	9.07	3.5%	11.02	4.2%	7.17	2.7%	4.52	1.7%
Usd Book Value Change Per Share	7.83	3.0%	9.23	3.5%	9.34	3.6%	9.21	3.5%	5.21	2.0%
Usd Dividend Per Share	0.50	0.2%	0.48	0.2%	0.40	0.2%	0.34	0.1%	0.28	0.1%
Usd Total Gains Per Share	8.33	3.2%	9.71	3.7%	9.73	3.7%	9.55	3.7%	5.48	2.1%
Usd Price Per Share	329.28	-	289.41	-	248.56	-	237.21	-	165.30	-
Price to Earnings Ratio	10.64	-	8.10	-	5.65	-	9.60	-	11.46	-
Price-to-Total Gains Ratio	39.55	-	30.26	-	-61.55	-	0.94	-	-21.76	-
Price to Book Ratio	1.45	-	1.35	-	1.43	-	2.12	-	2.58	-
Price-to-Total Gains Ratio	39.55	-	30.26	-	-61.55	-	0.94	-	-21.76	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	260.87
Number of shares	3

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.48	0.34
Usd Book Value Change Per Share	9.23	9.21
Usd Total Gains Per Share	9.71	9.55
Gains per Quarter (3 shares)	29.12	28.66
Gains per Year (3 shares)	116.46	114.63

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	6	111	106	4	110	105
2	11	221	222	8	221	220
3	17	332	338	12	331	335
4	23	443	454	17	442	450
5	29	554	570	21	552	565
6	34	664	686	25	663	680
7	40	775	802	29	773	795
8	46	886	918	33	884	910
9	52	996	1034	37	994	1025
10	57	1107	1150	41	1105	1140

How sure are you?

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

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	102.0	6.0	0.0	94.4%
Book Value Change 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%	98.0	9.0	1.0	90.7%
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%	79.0	0.0	29.0	73.1%
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%	100.0	8.0	0.0	92.6%

Fundamentals of Lithia Motors Inc

About Lithia Motors Inc

https://www.lithiadriveway.com
Auto & Truck Dealerships
27446
150 North Bartlett Street, Medford, OR, United States, 97501
Google Maps Bing Maps

Lithia Motors, Inc. operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company's Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles. The company sells its products and services through the Driveway and Greencars brand names through a network of locations, e-commerce platforms, and captive finance solutions. Lithia Motors, Inc. was founded in 1946 and is headquartered in Medford, Oregon.

Fundamental data was last updated by Penke on 2024-04-04 17:38:06.

Financial Health

Profitability Details

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

Liquidity Details

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

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details

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

1.1. Profitability of Lithia Motors Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Lithia Motors Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Lithia Motors Inc to the Auto & Truck Dealerships industry mean.
A Net Profit Margin of 2.8% means that $0.03 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Lithia Motors Inc:

The MRQ is 2.8%. The company is making a profit. +1
The TTM is 3.2%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	2.8%	TTM	3.2%	-0.4%
TTM	3.2%	YOY	4.4%	-1.2%
TTM	3.2%	5Y	3.6%	-0.3%
5Y	3.6%	10Y	3.0%	+0.6%

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	2.8%	1.6%	+1.2%
TTM	3.2%	1.9%	+1.3%
YOY	4.4%	3.2%	+1.2%
5Y	3.6%	2.3%	+1.3%
10Y	3.0%	2.8%	+0.2%

Measures how much net profit Lithia Motors Inc earns for each $1 of revenue.

Revenue is the amount of profit Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc to the Auto & Truck Dealerships industry mean.
Can be used to compare companies within the Auto & Truck Dealerships industry.

You typically want a high profit margin. This means that for each $1 in sales, Lithia Motors Inc makes more profit. This shows the investor how efficiently Lithia Motors Inc is operating in general and compared to other companies in the same industry. Lithia Motors Inc operates in the Auto & Truck Dealerships industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Lithia Motors Inc. If profit margins remain low (compared to the Auto & Truck Dealerships 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 Lithia Motors Inc is 0.03. This means that Lithia Motors Inc earned $0.03 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 Auto & Truck Dealerships industry is 1.6%.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc with other companies in the same industry (Auto & Truck Dealerships).
Net profit margin should rise over the years.
Can be influenced when Lithia Motors Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc = 213,500
Total revenue MRQ Lithia Motors Inc = 7,674,400
$213,500 / $7,674,400 = 0.03 or 2.8%

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 Lithia Motors Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Lithia Motors Inc to the Auto & Truck Dealerships industry mean.
1.1% Return on Assets means that Lithia Motors Inc generated $0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Lithia Motors Inc:

The MRQ is 1.1%. Using its assets, the company is less efficient in making profit.
The TTM is 1.4%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.1%	TTM	1.4%	-0.3%
TTM	1.4%	YOY	2.3%	-0.9%
TTM	1.4%	5Y	1.9%	-0.5%
5Y	1.9%	10Y	1.7%	+0.2%

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	1.1%	1.1%	0.0%
TTM	1.4%	1.3%	+0.1%
YOY	2.3%	2.3%	+0.0%
5Y	1.9%	1.7%	+0.2%
10Y	1.7%	1.8%	-0.1%

Shows how efficient Lithia Motors 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 Lithia Motors Inc to the Auto & Truck Dealerships 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 Lithia Motors Inc is using its resources to generate profit. If the return on assets (1.1%) from Lithia Motors Inc are higher than the Auto & Truck Dealerships mean (1.1%) that means Lithia Motors 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 Lithia Motors Inc is 1.1%. 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 Auto & Truck Dealerships industry is 1.1%.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Lithia Motors Inc = 213,500
Total assets MRQ (balance sheet) from Lithia Motors Inc = 19,632,500
213,500 / 19,632,500 = 0.01 or 1.1%

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

Above 15%-20% is considered healthy but always compare Lithia Motors Inc to the Auto & Truck Dealerships industry mean.
3.4% Return on Equity means Lithia Motors Inc generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Lithia Motors Inc:

The MRQ is 3.4%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 4.3%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.4%	TTM	4.3%	-0.9%
TTM	4.3%	YOY	6.3%	-2.0%
TTM	4.3%	5Y	5.6%	-1.4%
5Y	5.6%	10Y	5.7%	-0.1%

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	3.4%	3.1%	+0.3%
TTM	4.3%	4.1%	+0.2%
YOY	6.3%	5.9%	+0.4%
5Y	5.6%	4.3%	+1.3%
10Y	5.7%	4.7%	+1.0%

Shows how efficient Lithia Motors 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 Lithia Motors Inc to the Auto & Truck Dealerships 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 Auto & Truck Dealerships 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 Lithia Motors Inc is 3.4%. This means Lithia Motors 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 Auto & Truck Dealerships industry is 3.1%.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors Inc up to 10 years back (depending if Lithia Motors 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 Lithia Motors Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Lithia Motors Inc = 213,500
Shareholders equity (balance sheet) MRQ Lithia Motors Inc = 6,282,900
213,500 / 6,282,900 = 0.03 or 3.4%

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 Lithia Motors Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Lithia Motors Inc is operating .

Measures how much profit Lithia Motors 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 Lithia Motors Inc to the Auto & Truck Dealerships industry mean.
An Operating Margin of 4.7% means the company generated $0.05 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Lithia Motors Inc:

The MRQ is 4.7%. The company is operating less efficient.
The TTM is 5.4%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	4.7%	TTM	5.4%	-0.7%
TTM	5.4%	YOY	7.0%	-1.5%
TTM	5.4%	5Y	5.8%	-0.4%
5Y	5.8%	10Y	5.0%	+0.8%

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	4.7%	3.7%	+1.0%
TTM	5.4%	3.7%	+1.7%
YOY	7.0%	5.2%	+1.8%
5Y	5.8%	3.8%	+2.0%
10Y	5.0%	3.9%	+1.1%

Measures how efficient Lithia Motors 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 Lithia Motors Inc to the Auto & Truck Dealerships 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 Lithia Motors 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 Lithia Motors Inc is 4.7%. This means that Lithia Motors Inc earned $0.05 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Auto & Truck Dealerships industry is 3.7%.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Lithia Motors Inc = 358,200
Total revenue MRQ Lithia Motors Inc = 7,674,400
$358,200 / $7,674,400 = 0.05 or 4.7%

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 Lithia Motors Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Auto & Truck Dealerships industry mean).
An Operation Ratio of 0.95 means that the operating costs are $0.95 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Lithia Motors Inc:

The MRQ is 0.953. The company is less efficient in keeping operating costs low.
The TTM is 0.946. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.953	TTM	0.946	+0.007
TTM	0.946	YOY	0.930	+0.015
TTM	0.946	5Y	0.943	+0.003
5Y	0.943	10Y	0.951	-0.008

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	0.953	1.239	-0.286
TTM	0.946	1.180	-0.234
YOY	0.930	1.030	-0.100
5Y	0.943	1.111	-0.168
10Y	0.951	1.159	-0.208

Measures how efficient Lithia Motors 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 Lithia Motors Inc to the Auto & Truck Dealerships 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 Lithia Motors Inc is 95.3%. This means that Lithia Motors Inc earned $0.95 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 Auto & Truck Dealerships industry is 1.24.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors 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 Lithia Motors 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
(6,463,000 +853,200) \ 7,674,400 = 0.95

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 Lithia Motors Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Lithia Motors Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Auto & Truck Dealerships industry mean).
A Current Ratio of 1.41 means the company has $1.41 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Lithia Motors Inc:

The MRQ is 1.410. The company is just able to pay all its short-term debts.
The TTM is 1.350. The company is just able to pay all its short-term debts.

Trends

Current period		Compared to		+/-
MRQ	1.410	TTM	1.350	+0.060
TTM	1.350	YOY	1.521	-0.170
TTM	1.350	5Y	1.341	+0.009
5Y	1.341	10Y	1.262	+0.079

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	1.410	1.351	+0.059
TTM	1.350	1.384	-0.034
YOY	1.521	1.458	+0.063
5Y	1.341	1.373	-0.032
10Y	1.262	1.266	-0.004

Measures if Lithia Motors 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 Auto & Truck Dealerships 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 Lithia Motors 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 Lithia Motors Inc is 1.41. This means Lithia Motors Inc has $1.41 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Auto & Truck Dealerships industry is 1.35.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
6,955,200 \ 4,932,200) = 1.41

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

Above 1 is considered healthy but always compare Lithia Motors Inc to the Auto & Truck Dealerships industry mean.
A Quick Ratio of 0.42 means the company can pay off $0.42 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Lithia Motors Inc:

The MRQ is 0.419. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.316. 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	0.419	TTM	0.316	+0.103
TTM	0.316	YOY	0.394	-0.078
TTM	0.316	5Y	0.326	-0.010
5Y	0.326	10Y	0.271	+0.055

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	0.419	0.336	+0.083
TTM	0.316	0.350	-0.034
YOY	0.394	0.445	-0.051
5Y	0.326	0.498	-0.172
10Y	0.271	0.557	-0.286

Measures if Lithia Motors 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 Lithia Motors Inc to the Auto & Truck Dealerships 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 Lithia Motors Inc can pay off its short term debts. This shows if Lithia Motors 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 Lithia Motors Inc is 0.42. This means that Lithia Motors Inc can pay off $0.42 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Auto & Truck Dealerships industry is 0.34.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc: (941,400 + 0 +1,123,100) / 4,932,200 = 0.42

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 Lithia Motors Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Lithia Motors Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Lithia Motors Inc to Auto & Truck Dealerships industry mean.
A Debt to Asset Ratio of 0.68 means that Lithia Motors Inc assets are financed with 68.0% credit (debt) and the remaining percentage (100% - 68.0%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Lithia Motors Inc:

The MRQ is 0.680. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.671. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.680	TTM	0.671	+0.008
TTM	0.671	YOY	0.630	+0.042
TTM	0.671	5Y	0.677	-0.006
5Y	0.677	10Y	0.713	-0.036

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	0.680	0.625	+0.055
TTM	0.671	0.608	+0.063
YOY	0.630	0.592	+0.038
5Y	0.677	0.643	+0.034
10Y	0.713	0.654	+0.059

Measures how much % of Lithia Motors Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Lithia Motors Inc to Auto & Truck Dealerships 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 Lithia Motors Inc is 0.68. This means means that Lithia Motors Inc is financed with 68.0% 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 Auto & Truck Dealerships industry is 135.1%.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Lithia Motors Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
13,349,600 \ 19,632,500 = 68.0% or 0.68.

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 Lithia Motors Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Lithia Motors Inc to the Auto & Truck Dealerships industry mean.
A Debt to Equity ratio of 212.5% means that company has $2.12 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Lithia Motors Inc:

The MRQ is 2.125. The company is just not able to pay all its debts with equity.
The TTM is 2.045. The company is just not able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	2.125	TTM	2.045	+0.080
TTM	2.045	YOY	1.712	+0.333
TTM	2.045	5Y	2.245	-0.201
5Y	2.245	10Y	2.637	-0.392

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
MRQ	2.125	1.635	+0.490
TTM	2.045	1.487	+0.558
YOY	1.712	1.422	+0.290
5Y	2.245	2.051	+0.194
10Y	2.637	2.142	+0.495

Measures if Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc is 2.12. This means that Lithia Motors Inc can pay off $2.12 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Auto & Truck Dealerships industry is 1.64.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors 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 Lithia Motors Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
13,349,600 \ 6,282,900 = 2.12 or 212.5%

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 Lithia Motors 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 Lithia Motors Inc generates.

Above 15 is considered overpriced but always compare Lithia Motors Inc to the Auto & Truck Dealerships industry mean.
A PE ratio of 10.64 means the investor is paying $10.64 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Lithia Motors Inc:

The EOD is 8.431. Based on the earnings, the company is underpriced. +1
The MRQ is 10.642. Based on the earnings, the company is underpriced. +1
The TTM is 8.096. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	8.431	MRQ	10.642	-2.211
MRQ	10.642	TTM	8.096	+2.546
TTM	8.096	YOY	5.650	+2.446
TTM	8.096	5Y	9.604	-1.508
5Y	9.604	10Y	11.464	-1.860

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
EOD	8.431	6.666	+1.765
MRQ	10.642	7.821	+2.821
TTM	8.096	8.631	-0.535
YOY	5.650	7.662	-2.012
5Y	9.604	9.024	+0.580
10Y	11.464	10.829	+0.635

Measures how much money you pay for each share for every $1 in earnings Lithia Motors 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 Lithia Motors Inc to the Auto & Truck Dealerships 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 Lithia Motors Inc is 10.64. This means the investor is paying $10.64 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Auto & Truck Dealerships industry is 7.82.
What is the trend?
The trend is important because it shows you how Lithia Motors Inc is performing over time. The most recent quarter might be important if Lithia Motors 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 Lithia Motors 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 Lithia Motors 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 \ 27,600 = EPS
PE ratio MRQ = 10.64

* 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 Lithia Motors Inc:

The EOD is -4.153. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -5.242. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is 1.784. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	-4.153	MRQ	-5.242	+1.089
MRQ	-5.242	TTM	1.784	-7.026
TTM	1.784	YOY	-20.510	+22.293
TTM	1.784	5Y	-0.449	+2.232
5Y	-0.449	10Y	3.854	-4.303

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
EOD	-4.153	0.151	-4.304
MRQ	-5.242	0.544	-5.786
TTM	1.784	1.610	+0.174
YOY	-20.510	-0.033	-20.477
5Y	-0.449	0.223	-0.672
10Y	3.854	0.362	+3.492

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Auto & Truck Dealerships industry mean).
A PB ratio of 1.45 means the investor is paying $1.45 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Lithia Motors Inc:

The EOD is 1.146. Based on the equity, the company is underpriced. +1
The MRQ is 1.446. Based on the equity, the company is underpriced. +1
The TTM is 1.347. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	1.146	MRQ	1.446	-0.301
MRQ	1.446	TTM	1.347	+0.100
TTM	1.347	YOY	1.427	-0.080
TTM	1.347	5Y	2.116	-0.769
5Y	2.116	10Y	2.576	-0.460

Compared to industry (Auto & Truck Dealerships)

Period	Company	Industry (mean)	+/-
EOD	1.146	1.378	-0.232
MRQ	1.446	1.606	-0.160
TTM	1.347	1.664	-0.317
YOY	1.427	1.536	-0.109
5Y	2.116	1.840	+0.276
10Y	2.576	1.840	+0.736

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Lithia Motors Inc

Institutions are holding 106.659% of the shares of Lithia Motors Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Vanguard Group Inc	10.2553	0.0203	2823369	15962	0.5686
2023-12-31	Pamet Capital Management, LP	8.6855	24.4693	2391188	0	0
2023-12-31	BlackRock Inc	8.5439	0.0198	2352229	-15410	-0.6509
2023-12-31	Harris Associates L.P.	7.3543	1.1489	2024707	377256	22.8994
2023-12-31	MFN Partners Management, LP	5.6339	16.4342	1551077	0	0
2023-12-31	Barrow Hanley Mewhinney & Strauss LLC	5.5725	1.7773	1534162	-55745	-3.5062
2023-09-30	Brave Warrior Advisors LLC	3.207	6.5095	882908	-264351	-23.042
2023-12-31	State Street Corporation	2.9687	0.0131	817304	23767	2.9951
2023-12-31	Dimensional Fund Advisors, Inc.	2.8276	0.0749	778474	-8568	-1.0886
2023-12-31	Conifer Management, LLC	2.5426	22.3802	700000	0	0
2023-12-31	Canada Pension Plan Investment Board	2.466	0.2823	678911	300	0.0442
2023-12-31	Royal London Asset Management Ltd	2.2406	0.5808	616854	-34372	-5.278
2023-12-31	AllianceBernstein L.P.	2.0435	0.0713	562592	-31550	-5.3102
2023-12-31	FMR Inc	1.9397	0.0135	534012	41739	8.4788
2023-12-31	Lyrical Asset Management LP	1.8688	2.7631	514507	-12445	-2.3617
2023-12-31	Morgan Stanley - Brokerage Accounts	1.7825	0.0142	490745	59357	13.7595
2023-12-31	Geode Capital Management, LLC	1.5566	0.0148	428538	18935	4.6228
2023-12-31	Cooperman Leon G	1.5113	6.5222	416085	1085	0.2614
2023-12-31	GW&K Investment Management, LLC	1.3902	1.1751	382730	-18404	-4.588
2023-12-31	NORGES BANK	1.3676	0.0217	376506	58126	18.2568
Total		75.7581	84.3065	20856898	+155682	+0.7%

3.2. Funds holding Lithia Motors Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Oakmark Select Investor	4.7183	6.9277	1299000	57000	4.5894
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1428	0.0167	865238	-1947	-0.2245
2024-02-29	iShares Core S&P Mid-Cap ETF	3.043	0.3109	837767	-2440	-0.2904
2024-02-29	Vanguard Small Cap Index	2.5764	0.1509	709320	6562	0.9337
2024-02-29	Vanguard Small Cap Value Index Inv	1.7577	0.2722	483907	2426	0.5039
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4785	0.1193	407054	1189	0.293
2023-12-31	Barrow Hanley Global Value Equity	1.1289	1.9697	310788	-15217	-4.6677
2023-12-31	Oakmark Equity And Income Investor	1.0762	1.506	296300	37400	14.4457
2023-12-31	Harris Assoc. Oakmark Eq & Inc CIT	1.0762	1.5051	296300	37400	14.4457
2024-02-29	SPDR® S&P MIDCAP 400 ETF Trust	0.7984	0.3126	219804	828	0.3781
2023-12-31	Lyrical U.S. Value Equity - CS	0.7252	2.0498	199644	13713	7.3753
2024-01-31	Fidelity Value	0.7192	0.6594	198000	2600	1.3306
2023-12-31	Cardinal Capital SMID Cap Value Equity	0.7171	4.0209	197432	-20180	-9.2734
2024-01-31	DFA US Targeted Value I	0.7043	0.4434	193912	0	0
2023-12-31	Eventide Gilead N	0.6214	1.4722	171076	0	0
2024-02-29	Bridge Builder Large Cap Value	0.5965	0.2411	164211	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5934	0.117	163382	3600	2.2531
2024-02-29	iShares S&P Mid-Cap 400 Value ETF	0.5915	0.6685	162855	0	0
2024-02-29	Vanguard Dividend Appreciation ETF	0.5762	0.052	158638	840	0.5323
2023-12-31	Lyrical U.S. Value Equity – EQ	0.5646	2.7649	155433	-7103	-4.3701
Total		27.2058	25.5803	7490061	+116671	+1.6%

3.3. Insider Transactions

Insiders are holding 1.803% of the shares of Lithia Motors Inc.

Date	Owner	Type	Amount	Price
2024-02-16	Shauna Mcintyre	SELL	135	297.84
2023-11-20	Shauna Mcintyre	SELL	90	275
2023-08-30	Sidney B Deboer	SELL	5000	310.59
2023-08-25	Shauna Mcintyre	SELL	164	299
2023-08-03	Bryan B Deboer	SELL	5962	302.16
2023-07-31	Bryan B Deboer	SELL	17281	309.45
2023-07-31	Tina Miller	SELL	2000	310
2023-07-28	Bryan B Deboer	SELL	8815	308.47
2023-07-27	Chris Holzshu	SELL	3584	310.29
2023-07-27	David Stork	SELL	325	312.75
2023-06-06	Shauna Mcintyre	SELL	200	248.23
2023-05-08	George N Hines	SELL	1490	219.55
2023-05-01	Shauna Mcintyre	SELL	200	224.75

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Lithia Motors 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	-	-	7.830	9.227	-15%	9.335	-16%	9.208	-15%	5.205	+50%
Book Value Per Share	-	-	227.641	214.203	+6%	176.388	+29%	128.895	+77%	80.496	+183%
Current Ratio	-	-	1.410	1.350	+4%	1.521	-7%	1.341	+5%	1.262	+12%
Debt To Asset Ratio	-	-	0.680	0.671	+1%	0.630	+8%	0.677	+0%	0.713	-5%
Debt To Equity Ratio	-	-	2.125	2.045	+4%	1.712	+24%	2.245	-5%	2.637	-19%
Dividend Per Share	-	-	0.496	0.479	+4%	0.400	+24%	0.345	+44%	0.276	+80%
Eps	-	-	7.736	9.071	-15%	11.021	-30%	7.170	+8%	4.520	+71%
Free Cash Flow Per Share	-	-	-15.703	-7.016	-55%	-8.139	-48%	1.012	-1652%	0.802	-2058%
Free Cash Flow To Equity Per Share	-	-	22.504	15.473	+45%	9.907	+127%	13.130	+71%	8.224	+174%
Gross Profit Margin	-	-	0.704	0.748	-6%	0.794	-11%	0.736	-4%	0.672	+5%
Intrinsic Value_10Y_max	-	-	-177.463	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-240.300	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.170	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-6.059	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-13.172	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-33.921	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-43.009	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-78.793	-	-	-	-	-	-	-	-
Market Cap	7181985883.000	-27%	9088128000.000	7983830234.250	+14%	7075343616.500	+28%	6684932978.000	+36%	4628070043.575	+96%
Net Profit Margin	-	-	0.028	0.032	-14%	0.044	-37%	0.036	-22%	0.030	-6%
Operating Margin	-	-	0.047	0.054	-14%	0.070	-33%	0.058	-19%	0.050	-6%
Operating Ratio	-	-	0.953	0.946	+1%	0.930	+2%	0.943	+1%	0.951	+0%
Pb Ratio	1.146	-26%	1.446	1.347	+7%	1.427	+1%	2.116	-32%	2.576	-44%
Pe Ratio	8.431	-26%	10.642	8.096	+31%	5.650	+88%	9.604	+11%	11.464	-7%
Price Per Share	260.870	-26%	329.280	289.413	+14%	248.555	+32%	237.212	+39%	165.303	+99%
Price To Free Cash Flow Ratio	-4.153	+21%	-5.242	1.784	-394%	-20.510	+291%	-0.449	-91%	3.854	-236%
Price To Total Gains Ratio	31.332	-26%	39.548	30.264	+31%	-61.547	+256%	0.944	+4090%	-21.755	+155%
Quick Ratio	-	-	0.419	0.316	+33%	0.394	+6%	0.326	+29%	0.271	+55%
Return On Assets	-	-	0.011	0.014	-22%	0.023	-54%	0.019	-42%	0.017	-34%
Return On Equity	-	-	0.034	0.043	-20%	0.063	-46%	0.056	-40%	0.057	-41%
Total Gains Per Share	-	-	8.326	9.705	-14%	9.735	-14%	9.553	-13%	5.482	+52%
Usd Book Value	-	-	6282900000.000	5908550000.000	+6%	4989925000.000	+26%	3628380000.000	+73%	2256030700.000	+178%
Usd Book Value Change Per Share	-	-	7.830	9.227	-15%	9.335	-16%	9.208	-15%	5.205	+50%
Usd Book Value Per Share	-	-	227.641	214.203	+6%	176.388	+29%	128.895	+77%	80.496	+183%
Usd Dividend Per Share	-	-	0.496	0.479	+4%	0.400	+24%	0.345	+44%	0.276	+80%
Usd Eps	-	-	7.736	9.071	-15%	11.021	-30%	7.170	+8%	4.520	+71%
Usd Free Cash Flow	-	-	-433400000.000	-193575000.000	-55%	-228300000.000	-47%	29915000.000	-1549%	23113375.000	-1975%
Usd Free Cash Flow Per Share	-	-	-15.703	-7.016	-55%	-8.139	-48%	1.012	-1652%	0.802	-2058%
Usd Free Cash Flow To Equity Per Share	-	-	22.504	15.473	+45%	9.907	+127%	13.130	+71%	8.224	+174%
Usd Market Cap	7181985883.000	-27%	9088128000.000	7983830234.250	+14%	7075343616.500	+28%	6684932978.000	+36%	4628070043.575	+96%
Usd Price Per Share	260.870	-26%	329.280	289.413	+14%	248.555	+32%	237.212	+39%	165.303	+99%
Usd Profit	-	-	213500000.000	250225000.000	-15%	312675000.000	-32%	202670000.000	+5%	127078050.000	+68%
Usd Revenue	-	-	7674400000.000	7759175000.000	-1%	7057825000.000	+9%	5394845000.000	+42%	3793787775.000	+102%
Usd Total Gains Per Share	-	-	8.326	9.705	-14%	9.735	-14%	9.553	-13%	5.482	+52%
	EOD	+3 -5	MRQ	TTM	+14 -22	YOY	+13 -23	5Y	+20 -16	10Y	+27 -9

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	8.431
Price to Book Ratio (EOD)	Between	0-1	1.146
Net Profit Margin (MRQ)	Greater than	0	0.028
Operating Margin (MRQ)	Greater than	0	0.047
Quick Ratio (MRQ)	Greater than	1	0.419
Current Ratio (MRQ)	Greater than	1	1.410
Debt to Asset Ratio (MRQ)	Less than	1	0.680
Debt to Equity Ratio (MRQ)	Less than	1	2.125
Return on Equity (MRQ)	Greater than	0.15	0.034
Return on Assets (MRQ)	Greater than	0.05	0.011
Total			5/10 (50.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	31.006
Ma 20	Greater than	Ma 50	277.176
Ma 50	Greater than	Ma 100	286.269
Ma 100	Greater than	Ma 200	291.475
Open	Greater than	Close	262.540
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Current Deferred Revenue		44,600	1,101,800	1,146,400	-905,100	241,300	6,800	248,100	-536,100	-288,000

Latest Balance Sheet

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

Summary

Total Assets	19,632,500
Total Liabilities	13,349,600
Total Stockholder Equity	6,282,900

	As reported
Total Liabilities	13,349,600
Total Stockholder Equity	+ 6,282,900
Total Assets	= 19,632,500

Assets

Total Assets	19,632,500
Total Current Assets	6,955,200
Long-term Assets	12,677,300

Total Current Assets

Total Current Assets (as reported)	6,955,200
Cash And Cash Equivalents	941,400
Net Receivables	1,123,100
Inventory	4,753,900
Other Current Assets	136,800
Total Current Assets (calculated)	6,955,200
+/-	0

Long-term Assets

Long-term Assets (as reported)	12,677,300
Property Plant Equipment	3,981,400
Goodwill	1,930,600
Intangible Assets	2,402,200
Long-term Assets Other	791,100
Long-term Assets (calculated)	9,105,300
+/-	3,572,000

Liabilities & Shareholders' Equity

Total Current Liabilities	4,932,200
Long-term Liabilities	8,417,400
Total Stockholder Equity	6,282,900

Total Current Liabilities

Total Current Liabilities (as reported)	4,932,200
Short-term Debt	3,635,500
Short Long Term Debt	3,745,100
Accounts payable	288,000
Other Current Liabilities	1,296,700
Total Current Liabilities (calculated)	8,965,300
+/-	4,033,100

Long-term Liabilities

Long-term Liabilities (as reported)	8,417,400
Long term Debt	7,155,400
Capital Lease Obligations	427,900
Long-term Liabilities Other	220,700
Long-term Liabilities (calculated)	7,804,000
+/-	613,400

Total Stockholder Equity

Total Stockholder Equity (as reported)	6,282,900
Common Stock	1,100,600
Retained Earnings	5,013,300
Accumulated Other Comprehensive Income	20,100
Other Stockholders Equity	148,900
Total Stockholder Equity (calculated)	6,282,900
+/-	0

Other

Capital Stock	1,100,600
Cash and Short Term Investments	941,400
Common Stock Shares Outstanding	27,600
Current Deferred Revenue	-288,000
Liabilities and Stockholders Equity	19,632,500
Net Debt	9,849,500
Net Invested Capital	17,114,400
Net Working Capital	2,023,000
Property Plant and Equipment Gross	5,106,900
Short Long Term Debt Total	10,790,900

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

> Total Assets

0
0
0
39,200
0
0
0
63,800
77,600
87,200
101,300
166,500
208,000
251,800
224,900
294,400
291,500
446,900
415,600
506,400
565,956
593,611
558,813
628,003
630,433
639,729
657,379
662,944
740,812
880,760
889,751
942,049
992,521
1,048,834
1,039,636
1,102,782
1,122,685
1,273,146
1,220,768
1,256,904
1,305,567
1,429,355
1,305,791
1,452,714
1,485,038
1,739,989
1,528,879
1,579,357
1,608,986
1,747,102
1,561,528
1,626,735
1,626,735
1,391,619
1,194,862
1,133,459
1,048,285
938,212
857,221
895,100
921,500
909,292
955,089
971,676
1,020,790
1,101,201
1,115,215
1,146,133
1,198,727
1,283,575
1,366,537
1,492,702
1,459,703
1,572,516
1,539,178
1,725,121
1,844,276
1,940,127
1,904,903
2,880,932
2,924,385
3,004,855
3,059,829
3,227,299
3,267,618
3,322,070
3,563,606
3,844,150
3,801,964
3,976,495
4,371,593
4,683,066
5,086,983
5,164,162
5,174,569
5,384,000
5,692,000
5,774,600
5,737,500
6,083,900
6,014,100
5,539,000
6,395,700
7,902,100
8,251,600
10,092,500
10,204,600
11,146,900
12,080,800
13,007,700
14,074,500
15,006,600
16,421,400
17,682,700
18,269,800
19,632,500

19,632,500

18,269,800

17,682,700

16,421,400

15,006,600

14,074,500

13,007,700

12,080,800

11,146,900

10,204,600

10,092,500

8,251,600

7,902,100

6,395,700

5,539,000

6,014,100

6,083,900

5,737,500

5,774,600

5,692,000

5,384,000

5,174,569

5,164,162

5,086,983

4,683,066

4,371,593

3,976,495

3,801,964

3,844,150

3,563,606

3,322,070

3,267,618

3,227,299

3,059,829

3,004,855

2,924,385

2,880,932

1,904,903

1,940,127

1,844,276

1,725,121

1,539,178

1,572,516

1,459,703

1,492,702

1,366,537

1,283,575

1,198,727

1,146,133

1,115,215

1,101,201

1,020,790

971,676

955,089

909,292

921,500

895,100

857,221

938,212

1,048,285

1,133,459

1,194,862

1,391,619

1,626,735

1,561,528

1,747,102

1,608,986

1,579,357

1,528,879

1,739,989

1,485,038

1,452,714

1,305,791

1,429,355

1,305,567

1,256,904

1,220,768

1,273,146

1,122,685

1,102,782

1,039,636

1,048,834

992,521

942,049

889,751

880,760

740,812

662,944

657,379

639,729

630,433

628,003

558,813

593,611

565,956

506,400

415,600

446,900

291,500

294,400

224,900

251,800

208,000

166,500

101,300

87,200

77,600

63,800

39,200

> Total Current Assets

0
0
0
32,800
0
0
0
49,100
58,600
64,400
68,100
119,900
149,300
182,800
153,500
204,200
201,300
312,400
276,200
334,600
379,703
394,305
356,291
396,522
388,229
397,808
395,115
380,409
434,883
529,382
513,913
555,778
593,680
628,600
596,774
636,937
632,374
728,142
657,031
662,875
697,504
807,031
667,943
804,248
822,275
1,032,394
807,306
779,640
780,117
934,046
727,993
778,538
778,538
895,633
779,533
696,552
611,028
522,013
442,898
418,063
444,634
449,385
489,403
508,544
561,417
607,175
604,164
648,191
694,266
766,126
837,496
933,209
891,040
971,343
935,198
1,081,549
1,167,550
1,212,904
1,165,785
1,615,509
1,634,799
1,710,547
1,738,037
1,878,865
1,899,409
1,940,803
2,032,698
2,287,194
2,233,496
2,323,768
2,511,268
2,782,782
2,971,440
2,893,329
2,825,734
2,991,400
3,027,900
3,031,500
2,929,900
3,070,500
2,925,800
2,430,100
2,750,400
3,337,600
3,288,900
3,870,800
3,075,500
3,533,300
3,884,600
4,161,800
4,686,800
4,630,900
5,147,700
5,494,000
5,818,200
6,955,200

6,955,200

5,818,200

5,494,000

5,147,700

4,630,900

4,686,800

4,161,800

3,884,600

3,533,300

3,075,500

3,870,800

3,288,900

3,337,600

2,750,400

2,430,100

2,925,800

3,070,500

2,929,900

3,031,500

3,027,900

2,991,400

2,825,734

2,893,329

2,971,440

2,782,782

2,511,268

2,323,768

2,233,496

2,287,194

2,032,698

1,940,803

1,899,409

1,878,865

1,738,037

1,710,547

1,634,799

1,615,509

1,165,785

1,212,904

1,167,550

1,081,549

935,198

971,343

891,040

933,209

837,496

766,126

694,266

648,191

604,164

607,175

561,417

508,544

489,403

449,385

444,634

418,063

442,898

522,013

611,028

696,552

779,533

895,633

778,538

727,993

934,046

780,117

779,640

807,306

1,032,394

822,275

804,248

667,943

807,031

697,504

662,875

657,031

728,142

632,374

636,937

596,774

628,600

593,680

555,778

513,913

529,382

434,883

380,409

395,115

397,808

388,229

396,522

356,291

394,305

379,703

334,600

276,200

312,400

201,300

204,200

153,500

182,800

149,300

119,900

68,100

64,400

58,600

49,100

32,800

Cash And Cash Equivalents

0
0
0
9,400
0
0
0
15,400
13,500
15,300
7,400
18,500
14,200
27,100
17,700
20,900
24,800
42,000
26,300
30,400
34,233
29,432
52,520
38,789
28,315
40,646
43,508
59,855
50,877
64,339
63,518
15,932
29,593
55,010
50,231
74,408
39,813
9,971
39,129
29,264
19,562
29,842
41,687
48,566
33,425
23,435
41,329
26,600
21,023
32,903
15,749
21,665
21,665
21,352
17,621
10,874
9,104
17,009
4,382
12,776
11,421
15,379
15,301
9,306
13,118
11,738
15,936
20,851
8,965
16,247
19,757
42,839
15,006
20,257
16,093
23,686
22,340
28,203
21,666
29,898
21,023
23,394
32,707
45,008
21,559
15,044
24,116
50,282
31,440
31,177
38,577
57,253
68,985
29,991
31,432
31,600
45,000
44,700
27,100
84,000
56,600
120,300
57,100
160,200
170,300
780,900
137,800
174,800
161,400
113,200
233,000
246,700
299,400
199,700
256,200
941,400

941,400

256,200

199,700

299,400

246,700

233,000

113,200

161,400

174,800

137,800

780,900

170,300

160,200

57,100

120,300

56,600

84,000

27,100

44,700

45,000

31,600

31,432

29,991

68,985

57,253

38,577

31,177

31,440

50,282

24,116

15,044

21,559

45,008

32,707

23,394

21,023

29,898

21,666

28,203

22,340

23,686

16,093

20,257

15,006

42,839

19,757

16,247

8,965

20,851

15,936

11,738

13,118

9,306

15,301

15,379

11,421

12,776

4,382

17,009

9,104

10,874

17,621

21,352

21,665

15,749

32,903

21,023

26,600

41,329

23,435

33,425

48,566

41,687

29,842

19,562

29,264

39,129

9,971

39,813

74,408

50,231

55,010

29,593

15,932

63,518

64,339

50,877

59,855

43,508

40,646

28,315

38,789

52,520

29,432

34,233

30,400

26,300

42,000

24,800

20,900

17,700

27,100

14,200

18,500

7,400

15,300

13,500

15,400

9,400

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
140,021
124,845
11,693
2,202
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

2,202

11,693

124,845

140,021

Net Receivables

0
0
0
1,900
0
0
0
3,000
3,600
4,100
6,400
8,100
11,000
12,400
15,200
20,400
19,700
30,500
29,600
28,500
31,184
33,798
36,758
34,206
34,010
33,897
33,602
34,557
37,614
40,869
38,730
40,847
38,528
43,331
43,032
42,407
85,244
84,352
41,169
84,489
84,615
106,270
93,086
106,443
52,109
113,912
99,935
118,528
130,119
131,278
112,508
60,913
60,913
55,598
49,491
41,816
36,442
33,189
49,687
30,157
34,635
36,187
41,235
75,011
79,659
88,793
84,247
99,407
111,040
117,747
128,602
133,149
134,109
143,833
140,086
170,519
182,777
191,228
181,855
295,379
290,638
287,808
285,730
308,462
286,292
305,293
317,664
417,714
341,591
359,010
446,613
521,938
479,638
483,995
470,689
529,400
491,000
489,200
459,700
505,000
298,200
446,400
511,700
614,000
740,700
799,700
812,600
910,000
923,800
978,400
1,009,100
813,100
843,100
884,600
999,300
1,123,100

1,123,100

999,300

884,600

843,100

813,100

1,009,100

978,400

923,800

910,000

812,600

799,700

740,700

614,000

511,700

446,400

298,200

505,000

459,700

489,200

491,000

529,400

470,689

483,995

479,638

521,938

446,613

359,010

341,591

417,714

317,664

305,293

286,292

308,462

285,730

287,808

290,638

295,379

181,855

191,228

182,777

170,519

140,086

143,833

134,109

133,149

128,602

117,747

111,040

99,407

84,247

88,793

79,659

75,011

41,235

36,187

34,635

30,157

49,687

33,189

36,442

41,816

49,491

55,598

60,913

112,508

131,278

130,119

118,528

99,935

113,912

52,109

106,443

93,086

106,270

84,615

84,489

41,169

84,352

85,244

42,407

43,032

43,331

38,528

40,847

38,730

40,869

37,614

34,557

33,602

33,897

34,010

34,206

36,758

33,798

31,184

28,500

29,600

30,500

19,700

20,400

15,200

12,400

11,000

8,100

6,400

4,100

3,600

3,000

1,900

Other Current Assets

0
0
0
3,800
0
0
0
2,500
2,400
2,400
3,600
3,500
3,400
5,200
3,500
5,500
3,500
6,300
8,000
7,400
8,356
5,353
5,114
9,237
5,065
5,626
5,597
5,554
6,280
6,973
5,365
46,834
50,658
54,550
48,139
70,864
20,599
21,505
69,269
5,629
20,500
5,492
5,479
33,707
77,471
7,028
6,995
23,183
22,113
78,606
33,110
36,229
81,779
180,021
269,290
197,530
170,604
29,639
8,948
29,324
33,684
33,313
36,902
6,062
8,880
5,473
5,298
16,719
10,618
10,588
11,240
17,484
11,729
9,856
9,477
15,251
12,564
12,028
11,088
32,010
32,498
32,028
32,640
54,408
50,473
38,192
33,225
46,611
48,248
54,801
59,622
70,847
56,893
46,231
47,648
65,100
50,900
65,700
56,700
47,800
58,200
50,600
52,900
70,500
48,200
51,400
112,500
63,000
102,100
85,200
135,400
161,700
149,600
130,800
158,200
136,800

136,800

158,200

130,800

149,600

161,700

135,400

85,200

102,100

63,000

112,500

51,400

48,200

70,500

52,900

50,600

58,200

47,800

56,700

65,700

50,900

65,100

47,648

46,231

56,893

70,847

59,622

54,801

48,248

46,611

33,225

38,192

50,473

54,408

32,640

32,028

32,498

32,010

11,088

12,028

12,564

15,251

9,477

9,856

11,729

17,484

11,240

10,588

10,618

16,719

5,298

5,473

8,880

6,062

36,902

33,313

33,684

29,324

8,948

29,639

170,604

197,530

269,290

180,021

81,779

36,229

33,110

78,606

22,113

23,183

6,995

7,028

77,471

33,707

5,479

5,492

20,500

5,629

69,269

21,505

20,599

70,864

48,139

54,550

50,658

46,834

5,365

6,973

6,280

5,554

5,597

5,626

5,065

9,237

5,114

5,353

8,356

7,400

8,000

6,300

3,500

5,500

3,500

5,200

3,400

3,500

3,600

2,400

2,500

3,800

> Long-term Assets

0
0
0
6,400
0
0
0
14,700
19,000
22,800
33,200
46,600
58,700
69,000
71,400
90,200
90,200
134,500
139,400
171,800
186,253
199,306
202,522
231,481
242,204
241,921
262,264
282,535
305,929
351,378
375,838
386,271
398,841
420,234
442,862
465,845
490,311
545,004
563,737
594,029
608,063
622,324
637,848
648,466
662,763
707,595
721,573
799,717
828,869
813,056
833,535
0
848,197
495,986
415,329
436,907
437,257
416,199
414,323
477,037
476,866
459,907
465,686
463,132
459,373
494,026
511,051
497,942
504,461
517,449
529,041
559,493
568,663
601,173
603,980
643,572
676,726
727,223
739,118
1,265,423
1,289,586
1,294,308
1,321,792
1,348,434
1,368,209
1,381,267
1,530,908
1,556,956
1,568,468
1,652,727
1,860,325
1,900,284
2,115,543
2,270,833
2,348,835
2,392,600
2,664,100
2,743,100
2,807,600
3,013,400
3,088,300
3,108,900
3,645,300
4,564,500
4,962,700
6,221,700
7,129,100
7,613,600
8,196,200
8,845,900
9,387,700
10,375,700
11,273,700
12,188,700
12,451,600
12,677,300

12,677,300

12,451,600

12,188,700

11,273,700

10,375,700

9,387,700

8,845,900

8,196,200

7,613,600

7,129,100

6,221,700

4,962,700

4,564,500

3,645,300

3,108,900

3,088,300

3,013,400

2,807,600

2,743,100

2,664,100

2,392,600

2,348,835

2,270,833

2,115,543

1,900,284

1,860,325

1,652,727

1,568,468

1,556,956

1,530,908

1,381,267

1,368,209

1,348,434

1,321,792

1,294,308

1,289,586

1,265,423

739,118

727,223

676,726

643,572

603,980

601,173

568,663

559,493

529,041

517,449

504,461

497,942

511,051

494,026

459,373

463,132

465,686

459,907

476,866

477,037

414,323

416,199

437,257

436,907

415,329

495,986

848,197

833,535

813,056

828,869

799,717

721,573

707,595

662,763

648,466

637,848

622,324

608,063

594,029

563,737

545,004

490,311

465,845

442,862

420,234

398,841

386,271

375,838

351,378

305,929

282,535

262,264

241,921

242,204

231,481

202,522

199,306

186,253

171,800

139,400

134,500

90,200

71,400

69,000

58,700

46,600

33,200

22,800

19,000

14,700

6,400

Property Plant Equipment

0
0
0
3,200
0
0
0
4,600
8,300
8,800
11,900
16,300
23,300
29,700
29,200
32,900
33,200
42,700
44,400
52,400
59,254
68,155
74,433
90,240
96,588
97,104
104,027
121,977
131,046
152,333
168,603
176,911
180,441
192,336
206,017
227,313
243,700
266,865
278,628
299,631
308,208
319,403
333,691
333,177
343,378
366,040
380,039
417,103
436,613
429,053
445,122
461,746
461,746
398,181
321,995
346,276
344,113
326,405
323,271
386,054
380,169
363,257
49,700
362,433
357,303
366,414
379,515
373,779
379,351
387,652
397,754
425,086
427,935
443,516
452,367
481,212
493,171
528,254
536,519
816,745
828,707
836,889
854,077
876,660
882,405
898,239
991,721
1,006,130
1,010,496
1,067,104
1,087,920
1,185,169
1,220,882
1,232,054
1,248,692
1,448,000
1,454,400
1,463,000
1,482,600
1,611,700
1,631,500
1,663,000
1,798,300
2,197,500
2,221,000
2,299,300
2,352,900
3,052,600
3,244,500
3,390,900
3,473,000
3,574,600
3,719,700
3,907,500
3,947,700
3,981,400

3,981,400

3,947,700

3,907,500

3,719,700

3,574,600

3,473,000

3,390,900

3,244,500

3,052,600

2,352,900

2,299,300

2,221,000

2,197,500

1,798,300

1,663,000

1,631,500

1,611,700

1,482,600

1,463,000

1,454,400

1,448,000

1,248,692

1,232,054

1,220,882

1,185,169

1,087,920

1,067,104

1,010,496

1,006,130

991,721

898,239

882,405

876,660

854,077

836,889

828,707

816,745

536,519

528,254

493,171

481,212

452,367

443,516

427,935

425,086

397,754

387,652

379,351

373,779

379,515

366,414

357,303

362,433

49,700

363,257

380,169

386,054

323,271

326,405

344,113

346,276

321,995

398,181

461,746

445,122

429,053

436,613

417,103

380,039

366,040

343,378

333,177

333,691

319,403

308,208

299,631

278,628

266,865

243,700

227,313

206,017

192,336

180,441

176,911

168,603

152,333

131,046

121,977

104,027

97,104

96,588

90,240

74,433

68,155

59,254

52,400

44,400

42,700

33,200

32,900

29,200

29,700

23,300

16,300

11,900

8,800

8,300

4,600

3,200

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
78,633
83,048
110,677
0
0
0
133,871
0
137,776
151,117
149,742
157,672
176,428
182,152
185,212
191,799
199,269
206,442
207,027
212,829
233,500
238,611
244,532
249,905
251,377
252,325
260,899
261,442
276,731
277,717
307,424
314,877
309,065
311,467
311,527
311,527
0
0
0
0
0
0
0
0
0
6,186
6,186
6,186
18,288
18,191
18,958
18,727
22,608
25,838
32,047
32,047
40,313
40,313
49,511
56,787
65,004
65,745
199,375
199,286
199,129
210,627
213,220
213,934
214,444
219,021
259,399
259,399
259,399
257,185
256,320
256,283
280,954
356,968
434,900
456,800
457,300
456,800
454,600
457,700
592,200
592,200
593,000
617,500
617,300
740,300
977,300
1,019,300
1,237,600
1,463,100
1,460,700
1,516,200
1,610,200
1,725,600
1,930,600

1,930,600

1,725,600

1,610,200

1,516,200

1,460,700

1,463,100

1,237,600

1,019,300

977,300

740,300

617,300

617,500

593,000

592,200

457,700

454,600

456,800

457,300

456,800

434,900

356,968

280,954

256,283

256,320

257,185

259,399

219,021

214,444

213,934

213,220

210,627

199,129

199,286

199,375

65,745

65,004

56,787

49,511

40,313

32,047

25,838

22,608

18,727

18,958

18,191

18,288

6,186

311,527

311,467

309,065

314,877

307,424

277,717

276,731

261,442

260,899

252,325

251,377

249,905

244,532

238,611

233,500

212,829

207,027

206,442

199,269

191,799

185,212

182,152

176,428

157,672

149,742

151,117

137,776

133,871

110,677

83,048

78,633

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,282
0
0
0
22,284
0
0
0
0
0
0
0
0
0
0
54,000
54,000
0
0
0
66,100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

66,100

54,000

22,284

33,282

Intangible Assets

0
0
0
0
0
0
0
4,100
4,200
6,800
14,800
24,100
29,600
32,800
35,500
43,000
43,400
78,600
83,000
110,700
118,699
120,334
119,262
133,871
138,264
137,776
0
156,849
170,924
194,817
202,671
206,197
215,086
25,970
234,279
235,973
244,049
273,404
280,794
289,181
295,388
251,377
299,740
260,899
50,238
57,210
57,507
69,054
72,036
69,966
71,003
68,946
68,946
45,532
41,563
42,008
41,986
40,817
40,811
42,496
42,639
42,935
45,299
51,379
45,193
59,015
58,400
59,095
59,095
59,319
61,972
62,429
62,429
66,465
66,465
71,199
73,502
77,728
77,482
150,892
150,856
150,856
155,187
157,699
161,668
162,296
163,220
184,268
184,268
184,763
186,977
186,977
186,977
197,111
256,004
288,700
308,100
309,100
309,100
306,700
306,000
355,500
355,500
350,200
368,000
369,700
608,400
799,100
956,700
1,443,800
1,866,800
1,856,200
3,445,200
2,016,200
2,147,700
2,402,200

2,402,200

2,147,700

2,016,200

3,445,200

1,856,200

1,866,800

1,443,800

956,700

799,100

608,400

369,700

368,000

350,200

355,500

306,000

306,700

309,100

308,100

288,700

256,004

197,111

186,977

184,763

184,268

163,220

162,296

161,668

157,699

155,187

150,856

150,892

77,482

77,728

73,502

71,199

66,465

62,429

61,972

59,319

59,095

58,400

59,015

45,193

51,379

45,299

42,935

42,639

42,496

40,811

40,817

41,986

42,008

41,563

45,532

68,946

71,003

69,966

72,036

69,054

57,507

57,210

50,238

260,899

299,740

251,377

295,388

289,181

280,794

273,404

244,049

235,973

234,279

25,970

215,086

206,197

202,671

194,817

170,924

156,849

137,776

138,264

133,871

119,262

120,334

118,699

110,700

83,000

78,600

43,400

43,000

35,500

32,800

29,600

24,100

14,800

6,800

4,200

4,100

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
126,999
131,151
123,074
141,241
145,616
144,817
158,237
160,558
174,883
199,045
207,343
209,360
218,400
227,898
236,845
238,532
246,611
278,139
285,109
294,398
299,855
302,921
304,157
315,289
319,385
341,555
341,534
382,614
392,256
384,003
388,413
386,451
386,736
97,805
93,334
90,631
93,144
89,794
91,052
90,983
96,697
96,650
102,696
100,699
102,070
127,612
131,536
124,163
125,110
129,797
131,287
134,407
140,728
157,657
151,613
162,360
183,555
198,969
202,599
448,678
460,879
457,419
467,715
471,774
485,804
483,028
539,187
550,826
557,972
585,623
772,405
715,115
894,661
560,714
433,171
167,000
194,800
221,100
309,600
322,400
448,500
263,800
568,800
1,775,000
1,756,200
2,680,300
3,427,500
2,784,600
2,582,600
2,773,600
2,584,800
1,296,600
1,050,100
1,772,400
1,528,500
0

1,528,500

1,772,400

1,050,100

1,296,600

2,584,800

2,773,600

2,582,600

2,784,600

3,427,500

2,680,300

1,756,200

1,775,000

568,800

263,800

448,500

322,400

309,600

221,100

194,800

167,000

433,171

560,714

894,661

715,115

772,405

585,623

557,972

550,826

539,187

483,028

485,804

471,774

467,715

457,419

460,879

448,678

202,599

198,969

183,555

162,360

151,613

157,657

140,728

134,407

131,287

129,797

125,110

124,163

131,536

127,612

102,070

100,699

102,696

96,650

96,697

90,983

91,052

89,794

93,144

90,631

93,334

97,805

386,736

386,451

388,413

384,003

392,256

382,614

341,534

341,555

319,385

315,289

304,157

302,921

299,855

294,398

285,109

278,139

246,611

238,532

236,845

227,898

218,400

209,360

207,343

199,045

174,883

160,558

158,237

144,817

145,616

141,241

123,074

131,151

126,999

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
36,501
34,776
29,270
30,536
29,849
23,005
17,123
20,704
22,190
15,826
10,256
14,374
14,624
12,450
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

12,450

14,624

14,374

10,256

15,826

22,190

20,704

17,123

23,005

29,849

30,536

29,270

34,776

36,501

> Total Liabilities

0
0
0
37,600
0
0
0
39,100
44,600
52,900
65,400
128,600
168,600
167,400
137,000
202,900
196,700
317,100
277,200
350,800
404,446
425,600
383,075
446,228
447,112
450,326
460,855
459,447
451,995
580,903
578,448
622,056
667,598
714,610
691,428
743,856
755,990
891,048
825,880
850,958
886,179
998,020
855,867
993,081
1,014,714
1,257,338
1,038,060
1,085,964
1,111,207
1,240,281
1,046,519
1,118,523
1,118,523
1,133,265
938,875
885,116
796,695
680,589
593,466
588,062
613,022
603,819
640,606
651,459
691,923
757,365
766,832
779,012
817,048
898,582
957,053
1,064,601
1,011,900
1,096,365
1,032,049
1,190,399
1,287,439
1,348,276
1,280,990
2,207,827
2,216,548
2,252,553
2,272,116
2,399,135
2,452,941
2,504,609
2,697,516
2,933,374
2,851,798
2,988,668
3,340,217
3,599,848
3,959,878
4,003,294
3,969,427
4,186,800
4,441,500
4,499,900
4,378,300
4,616,200
4,557,600
4,006,800
4,701,300
5,240,600
5,444,000
5,864,100
5,626,800
6,483,700
7,138,200
8,269,900
9,046,300
9,755,500
10,939,600
11,880,000
12,203,000
13,349,600

13,349,600

12,203,000

11,880,000

10,939,600

9,755,500

9,046,300

8,269,900

7,138,200

6,483,700

5,626,800

5,864,100

5,444,000

5,240,600

4,701,300

4,006,800

4,557,600

4,616,200

4,378,300

4,499,900

4,441,500

4,186,800

3,969,427

4,003,294

3,959,878

3,599,848

3,340,217

2,988,668

2,851,798

2,933,374

2,697,516

2,504,609

2,452,941

2,399,135

2,272,116

2,252,553

2,216,548

2,207,827

1,280,990

1,348,276

1,287,439

1,190,399

1,032,049

1,096,365

1,011,900

1,064,601

957,053

898,582

817,048

779,012

766,832

757,365

691,923

651,459

640,606

603,819

613,022

588,062

593,466

680,589

796,695

885,116

938,875

1,133,265

1,118,523

1,046,519

1,240,281

1,111,207

1,085,964

1,038,060

1,257,338

1,014,714

993,081

855,867

998,020

886,179

850,958

825,880

891,048

755,990

743,856

691,428

714,610

667,598

622,056

578,448

580,903

451,995

459,447

460,855

450,326

447,112

446,228

383,075

425,600

404,446

350,800

277,200

317,100

196,700

202,900

137,000

167,400

168,600

128,600

65,400

52,900

44,600

39,100

37,600

> Total Current Liabilities

0
0
0
25,000
0
0
0
28,900
32,100
37,600
45,100
96,000
110,100
138,800
107,600
150,600
154,900
227,500
200,800
259,600
286,656
310,554
245,654
297,605
301,203
301,118
305,850
275,575
329,996
405,598
380,658
429,470
465,730
491,428
463,666
476,871
508,502
600,649
503,123
536,698
557,770
648,443
511,852
648,400
668,861
870,478
655,590
629,939
639,590
742,905
571,371
585,091
585,091
783,018
667,817
597,028
504,109
462,875
349,964
321,177
344,823
335,225
323,597
345,869
409,948
444,708
436,483
456,584
508,507
623,805
642,491
721,304
728,797
734,677
746,040
872,511
940,428
1,003,986
929,770
1,442,600
1,433,241
1,493,102
1,502,269
1,590,825
1,643,703
1,663,706
1,735,179
1,921,994
1,939,866
1,957,652
2,074,762
2,300,981
2,503,925
2,412,211
2,363,210
2,493,500
2,585,200
2,605,300
2,483,400
2,569,100
2,431,500
2,026,400
2,212,400
2,479,700
2,610,900
2,595,800
2,181,800
2,402,800
2,825,100
2,614,400
2,826,600
3,178,200
3,948,000
4,048,200
4,375,300
4,932,200

4,932,200

4,375,300

4,048,200

3,948,000

3,178,200

2,826,600

2,614,400

2,825,100

2,402,800

2,181,800

2,595,800

2,610,900

2,479,700

2,212,400

2,026,400

2,431,500

2,569,100

2,483,400

2,605,300

2,585,200

2,493,500

2,363,210

2,412,211

2,503,925

2,300,981

2,074,762

1,957,652

1,939,866

1,921,994

1,735,179

1,663,706

1,643,703

1,590,825

1,502,269

1,493,102

1,433,241

1,442,600

929,770

1,003,986

940,428

872,511

746,040

734,677

728,797

721,304

642,491

623,805

508,507

456,584

436,483

444,708

409,948

345,869

323,597

335,225

344,823

321,177

349,964

462,875

504,109

597,028

667,817

783,018

585,091

571,371

742,905

639,590

629,939

655,590

870,478

668,861

648,400

511,852

648,443

557,770

536,698

503,123

600,649

508,502

476,871

463,666

491,428

465,730

429,470

380,658

405,598

329,996

275,575

305,850

301,118

301,203

297,605

245,654

310,554

286,656

259,600

200,800

227,500

154,900

150,600

107,600

138,800

110,100

96,000

45,100

37,600

32,100

28,900

25,000

Short-term Debt

0
0
0
22,300
0
0
0
22,000
26,900
33,100
38,200
85,400
98,100
123,900
91,300
132,300
134,900
194,500
164,900
215,500
250,480
274,004
206,907
260,479
258,583
257,017
252,057
222,150
274,405
342,120
316,325
369,101
401,102
414,646
381,503
393,260
423,687
520,429
416,115
457,424
474,518
6,449
421,680
537,320
557,353
770,668
551,576
516,236
528,231
583,026
447,898
13,327
464,917
605,778
434,448
416,334
338,946
307,014
179,420
248,791
260,760
258,126
223,949
263,338
314,403
347,472
335,940
352,161
395,699
503,851
511,818
589,766
591,009
593,888
595,314
720,938
772,104
834,860
748,894
1,210,591
1,196,110
1,253,144
1,253,619
1,352,846
1,386,308
1,401,567
1,452,376
1,622,462
1,618,205
1,655,548
1,712,944
1,937,902
1,977,952
2,018,068
1,955,867
2,057,700
2,126,200
2,123,700
2,002,000
2,067,600
1,985,800
1,460,600
1,603,500
1,797,200
1,822,200
1,252,000
1,018,300
1,190,100
1,391,000
1,471,000
1,662,900
2,116,600
2,664,200
2,816,700
3,124,600
3,635,500

3,635,500

3,124,600

2,816,700

2,664,200

2,116,600

1,662,900

1,471,000

1,391,000

1,190,100

1,018,300

1,252,000

1,822,200

1,797,200

1,603,500

1,460,600

1,985,800

2,067,600

2,002,000

2,123,700

2,126,200

2,057,700

1,955,867

2,018,068

1,977,952

1,937,902

1,712,944

1,655,548

1,618,205

1,622,462

1,452,376

1,401,567

1,386,308

1,352,846

1,253,619

1,253,144

1,196,110

1,210,591

748,894

834,860

772,104

720,938

595,314

593,888

591,009

589,766

511,818

503,851

395,699

352,161

335,940

347,472

314,403

263,338

223,949

258,126

260,760

248,791

179,420

307,014

338,946

416,334

434,448

605,778

464,917

13,327

447,898

583,026

528,231

516,236

551,576

770,668

557,353

537,320

421,680

6,449

474,518

457,424

416,115

520,429

423,687

393,260

381,503

414,646

401,102

369,101

316,325

342,120

274,405

222,150

252,057

257,017

258,583

260,479

206,907

274,004

250,480

215,500

164,900

194,500

134,900

132,300

91,300

123,900

98,100

85,400

38,200

33,100

26,900

22,000

22,300

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,106
0
0
0
39,038
0
1,401,567
1,452,376
20,965
1,618,205
2,433,362
17,619
18,900
168,876
24,098
33,856
25,900
2,150,800
2,149,100
2,028,300
2,106,900
2,031,600
1,517,300
1,660,000
1,797,200
1,822,200
1,252,000
1,018,300
1,190,100
1,391,000
1,471,000
1,662,900
2,116,600
2,664,200
2,816,700
3,124,600
3,745,100

3,745,100

3,124,600

2,816,700

2,664,200

2,116,600

1,662,900

1,471,000

1,391,000

1,190,100

1,018,300

1,252,000

1,822,200

1,797,200

1,660,000

1,517,300

2,031,600

2,106,900

2,028,300

2,149,100

2,150,800

25,900

33,856

24,098

168,876

18,900

17,619

2,433,362

1,618,205

20,965

1,452,376

1,401,567

39,038

33,106

Accounts payable

0
0
0
1,500
0
0
0
2,400
2,200
1,700
2,200
3,900
3,400
6,000
5,000
6,300
6,500
11,200
11,300
11,900
11,422
13,156
13,290
13,651
16,598
16,444
16,944
16,894
20,283
21,748
21,263
19,445
23,007
24,088
23,785
24,402
25,107
26,661
27,623
26,821
26,987
554,994
25,590
30,917
30,446
33,898
33,202
39,794
40,366
44,329
36,835
38,715
38,715
34,251
30,542
21,571
22,251
23,702
21,996
18,782
26,345
26,437
24,957
23,747
27,043
29,110
28,575
31,712
34,934
40,196
38,973
41,589
41,339
44,121
48,645
51,159
54,052
56,384
59,481
70,853
76,517
78,885
77,723
70,871
78,250
77,979
78,442
88,423
80,022
89,795
103,105
111,362
116,928
115,061
113,662
126,300
119,300
129,400
127,000
125,300
108,900
124,800
150,200
158,200
199,400
256,000
248,100
235,400
260,500
266,500
241,300
258,400
320,000
-241,300
-248,100
288,000

288,000

-248,100

-241,300

320,000

258,400

241,300

266,500

260,500

235,400

248,100

256,000

199,400

158,200

150,200

124,800

108,900

125,300

127,000

129,400

119,300

126,300

113,662

115,061

116,928

111,362

103,105

89,795

80,022

88,423

78,442

77,979

78,250

70,871

77,723

78,885

76,517

70,853

59,481

56,384

54,052

51,159

48,645

44,121

41,339

41,589

38,973

40,196

34,934

31,712

28,575

29,110

27,043

23,747

24,957

26,437

26,345

18,782

21,996

23,702

22,251

21,571

30,542

34,251

38,715

36,835

44,329

40,366

39,794

33,202

33,898

30,446

30,917

25,590

554,994

26,987

26,821

27,623

26,661

25,107

24,402

23,785

24,088

23,007

19,445

21,263

21,748

20,283

16,894

16,944

16,444

16,598

13,651

13,290

13,156

11,422

11,900

11,300

11,200

6,500

6,300

5,000

6,000

3,400

3,900

2,200

1,700

2,200

2,400

1,500

Other Current Liabilities

0
0
0
1,200
0
0
0
4,500
3,000
2,800
4,700
6,700
8,600
8,900
11,300
12,000
13,500
19,193
22,170
29,938
24,754
23,394
25,457
23,475
279,314
26,167
279,554
35,245
33,929
40,453
41,895
40,374
39,954
51,734
57,421
58,624
58,901
52,833
58,633
52,043
3,719
29,861
64,582
79,478
16,780
65,912
70,812
72,711
9,880
48,513
18,373
81,459
79,684
79,287
140,696
156,582
126,447
116,292
132,540
12,869
38,651
31,619
54,728
55,847
47,438
45,685
48,194
47,565
51,054
49,648
59,843
86,117
61,197
58,111
61,307
98,866
68,034
63,824
69,482
158,553
103,765
101,180
107,689
100,374
109,079
110,620
126,784
129,180
154,799
119,974
160,448
148,606
301,690
166,481
175,831
187,800
215,300
222,900
220,600
238,300
196,200
295,600
308,000
368,600
427,100
915,700
733,700
786,100
973,400
666,600
702,500
758,600
-182,600
1,231,500
1,250,700
1,296,700

1,296,700

1,250,700

1,231,500

-182,600

758,600

702,500

666,600

973,400

786,100

733,700

915,700

427,100

368,600

308,000

295,600

196,200

238,300

220,600

222,900

215,300

187,800

175,831

166,481

301,690

148,606

160,448

119,974

154,799

129,180

126,784

110,620

109,079

100,374

107,689

101,180

103,765

158,553

69,482

63,824

68,034

98,866

61,307

58,111

61,197

86,117

59,843

49,648

51,054

47,565

48,194

45,685

47,438

55,847

54,728

31,619

38,651

12,869

132,540

116,292

126,447

156,582

140,696

79,287

79,684

81,459

18,373

48,513

9,880

72,711

70,812

65,912

16,780

79,478

64,582

29,861

3,719

52,043

58,633

52,833

58,901

58,624

57,421

51,734

39,954

40,374

41,895

40,453

33,929

35,245

279,554

26,167

279,314

23,475

25,457

23,394

24,754

29,938

22,170

19,193

13,500

12,000

11,300

8,900

8,600

6,700

4,700

2,800

3,000

4,500

1,200

> Long-term Liabilities

0
0
0
12,600
0
0
0
10,200
12,500
15,300
20,300
32,600
58,500
28,600
29,400
52,300
41,800
89,600
76,400
91,200
117,790
115,046
137,421
148,623
145,909
149,208
155,005
183,872
121,999
175,305
197,790
192,586
201,868
223,182
227,762
266,985
247,488
290,399
322,757
314,260
328,409
349,577
344,015
344,681
345,853
386,860
382,470
456,025
471,617
497,376
475,148
0
533,432
350,247
271,058
288,088
292,586
217,714
243,502
266,885
268,199
268,594
317,009
305,590
281,975
312,657
330,349
322,428
308,541
274,777
314,562
343,297
283,103
361,688
286,009
317,888
347,011
344,290
351,220
765,227
783,307
759,451
769,847
808,310
809,238
840,903
962,337
1,011,380
911,932
1,031,016
1,265,455
1,298,867
1,455,953
1,591,083
1,606,217
1,693,300
1,856,300
1,894,600
1,894,900
2,047,100
2,126,100
1,980,400
2,488,900
2,760,900
2,833,100
3,268,300
3,445,000
4,080,900
4,313,100
5,655,500
6,219,700
6,577,300
6,991,600
7,831,800
7,827,700
8,417,400

8,417,400

7,827,700

7,831,800

6,991,600

6,577,300

6,219,700

5,655,500

4,313,100

4,080,900

3,445,000

3,268,300

2,833,100

2,760,900

2,488,900

1,980,400

2,126,100

2,047,100

1,894,900

1,894,600

1,856,300

1,693,300

1,606,217

1,591,083

1,455,953

1,298,867

1,265,455

1,031,016

911,932

1,011,380

962,337

840,903

809,238

808,310

769,847

759,451

783,307

765,227

351,220

344,290

347,011

317,888

286,009

361,688

283,103

343,297

314,562

274,777

308,541

322,428

330,349

312,657

281,975

305,590

317,009

268,594

268,199

266,885

243,502

217,714

292,586

288,088

271,058

350,247

533,432

475,148

497,376

471,617

456,025

382,470

386,860

345,853

344,681

344,015

349,577

328,409

314,260

322,757

290,399

247,488

266,985

227,762

223,182

201,868

192,586

197,790

175,305

121,999

183,872

155,005

149,208

145,909

148,623

137,421

115,046

117,790

91,200

76,400

89,600

41,800

52,300

29,400

28,600

58,500

32,600

20,300

15,300

12,500

10,200

12,600

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
275,183
285,954
278,653
262,934
224,746
261,419
286,876
222,249
294,073
218,172
245,471
269,760
260,835
263,117
609,066
621,890
599,402
591,231
606,463
595,663
626,543
727,191
769,916
666,135
777,814
991,333
1,028,476
1,181,230
1,295,077
1,287,052
1,358,200
1,295,700
1,324,100
1,287,800
1,430,600
1,489,800
1,357,900
1,799,000
2,064,700
2,124,000
2,521,900
2,586,100
3,185,700
3,395,200
4,721,700
5,222,300
5,510,500
5,845,200
6,612,700
6,588,700
0

6,588,700

6,612,700

5,845,200

5,510,500

5,222,300

4,721,700

3,395,200

3,185,700

2,586,100

2,521,900

2,124,000

2,064,700

1,799,000

1,357,900

1,489,800

1,430,600

1,287,800

1,324,100

1,295,700

1,358,200

1,287,052

1,295,077

1,181,230

1,028,476

991,333

777,814

666,135

769,916

727,191

626,543

595,663

606,463

591,231

599,402

621,890

609,066

263,117

260,835

269,760

245,471

218,172

294,073

222,249

286,876

261,419

224,746

262,934

278,653

285,954

275,183

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
36,501
34,776
29,270
30,536
29,849
23,005
17,123
20,704
22,190
15,826
10,256
14,374
14,624
12,450
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

12,450

14,624

14,374

10,256

15,826

22,190

20,704

17,123

23,005

29,849

30,536

29,270

34,776

36,501

Warrants

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,300
34,000
34,900
39,800
40,500
40,700
40,900
43,000
0
0

43,000

40,900

40,700

40,500

39,800

34,900

34,000

33,300

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,292
8,483
8,467
8,893
12,224
12,503
13,023
9,662
9,630
9,894
12,057
11,198
9,114
8,541
8,820
8,110
7,808
11,370
12,473
10,611
10,380
10,900
10,127
10,440
10,190
11,273
10,643
13,509
13,117
12,384
12,023
14,647
16,767
13,005
16,832
22,904
33,664
30,512
29,588
33,820
34,151
35,922
37,220
36,897
36,111
37,474
44,395
43,775
45,607
50,031
53,143
56,421
60,854
67,615
67,837
72,417
77,251
83,455
88,103
113,366
119,943
123,972
149,603
148,718
154,441
159,713
176,425
182,389
187,139
195,283
207,648
214,114
215,758
296,006
319,165
335,100
325,400
330,200
371,900
378,000
405,000
400,900
439,200
696,200
709,100
505,900
858,900
895,200
560,700
933,800
997,400
720,200
1,146,400
0
815,000
0

815,000

1,146,400

720,200

997,400

933,800

560,700

895,200

858,900

505,900

709,100

696,200

439,200

400,900

405,000

378,000

371,900

330,200

325,400

335,100

319,165

296,006

215,758

214,114

207,648

195,283

187,139

182,389

176,425

159,713

154,441

148,718

149,603

123,972

119,943

113,366

88,103

83,455

77,251

72,417

67,837

67,615

60,854

56,421

53,143

50,031

45,607

43,775

44,395

37,474

36,111

36,897

37,220

35,922

34,151

33,820

29,588

30,512

33,664

22,904

16,832

13,005

16,767

14,647

12,023

12,384

13,117

13,509

10,643

11,273

10,190

10,440

10,127

10,900

10,380

10,611

12,473

11,370

7,808

8,110

8,820

8,541

9,114

11,198

12,057

9,894

9,630

9,662

13,023

12,503

12,224

8,893

8,467

8,483

8,292

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,441
23,774
25,146
26,820
30,110
31,857
33,589
35,252
38,557
40,774
44,005
46,238
48,918
51,913
97,198
98,323
95,970
63,238
66,734
70,066
128,187
136,298
141,004
86,840
150,254
164,739
159,388
166,320
58,583
77,684
91,200
96,400
98,500
130,000
0
137,500
123,800
135,700
146,300
157,400
178,800
172,900
191,000
203,700
207,600
254,500
286,300
290,600
308,000
0
0

308,000

290,600

286,300

254,500

207,600

203,700

191,000

172,900

178,800

157,400

146,300

135,700

123,800

137,500

130,000

98,500

96,400

91,200

77,684

58,583

166,320

159,388

164,739

150,254

86,840

141,004

136,298

128,187

70,066

66,734

63,238

95,970

98,323

97,198

51,913

48,918

46,238

44,005

40,774

38,557

35,252

33,589

31,857

30,110

26,820

25,146

23,774

22,441

> Total Stockholder Equity

0
0
0
900
0
0
0
24,700
33,000
34,300
35,900
37,900
39,400
84,400
87,900
91,500
94,800
129,800
138,400
155,600
161,510
168,011
175,738
181,775
183,321
189,403
196,524
203,497
288,817
299,857
311,303
319,993
324,923
334,224
348,208
358,926
366,695
382,098
394,888
405,946
419,388
431,335
449,924
459,633
470,324
482,651
490,819
493,393
497,779
506,821
515,009
508,212
508,212
258,354
255,987
248,343
251,590
257,623
263,755
307,038
308,478
305,473
314,483
320,217
328,867
343,836
348,383
367,121
381,679
384,993
409,484
428,101
447,803
476,151
507,129
534,722
556,837
591,851
623,913
673,105
707,837
752,302
787,713
828,164
814,677
817,461
866,090
910,776
950,166
987,827
1,031,376
1,083,218
1,127,105
1,160,868
1,205,142
1,197,200
1,250,500
1,274,700
1,359,200
1,467,700
1,456,500
1,532,200
1,694,400
2,661,500
2,807,600
4,228,400
4,577,800
4,663,200
4,942,600
4,737,800
5,028,200
5,251,100
5,481,800
5,802,700
6,066,800
6,282,900

6,282,900

6,066,800

5,802,700

5,481,800

5,251,100

5,028,200

4,737,800

4,942,600

4,663,200

4,577,800

4,228,400

2,807,600

2,661,500

1,694,400

1,532,200

1,456,500

1,467,700

1,359,200

1,274,700

1,250,500

1,197,200

1,205,142

1,160,868

1,127,105

1,083,218

1,031,376

987,827

950,166

910,776

866,090

817,461

814,677

828,164

787,713

752,302

707,837

673,105

623,913

591,851

556,837

534,722

507,129

476,151

447,803

428,101

409,484

384,993

381,679

367,121

348,383

343,836

328,867

320,217

314,483

305,473

308,478

307,038

263,755

257,623

251,590

248,343

255,987

258,354

508,212

515,009

506,821

497,779

493,393

490,819

482,651

470,324

459,633

449,924

431,335

419,388

405,946

394,888

382,098

366,695

358,926

348,208

334,224

324,923

319,993

311,303

299,857

288,817

203,497

196,524

189,403

183,321

181,775

175,738

168,011

161,510

155,600

138,400

129,800

94,800

91,500

87,900

84,400

39,400

37,900

35,900

34,300

33,000

24,700

900

Common Stock

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
95,836
98,500
102,800
108,231
108,518
108,693
109,073
109,455
113,115
113,522
114,055
195,634
204,898
202,858
204,045
204,870
205,984
207,308
208,655
211,274
212,799
214,233
215,801
220,013
221,655
223,430
225,243
226,227
228,265
228,066
226,670
225,788
227,930
227,954
229,619
229,151
232,628
233,963
234,522
235,918
236,779
237,456
280,880
282,545
283,232
283,743
284,807
286,763
288,364
278,271
279,834
279,419
263,996
266,466
269,144
263,588
265,918
267,323
268,574
267,390
266,491
266,394
276,377
272,944
269,067
263,850
258,726
213,918
169,169
167,815
165,731
164,029
158,684
149,004
149,247
143,141
94,510
50,228
100
9,800
13,100
17,000
20,600
100
2,200
6,000
788,200
789,900
1,906,900
1,916,400
1,711,600
1,656,300
1,124,000
1,107,100
1,082,100
1,105,500
1,116,100
1,126,500
1,100,600

1,100,600

1,126,500

1,116,100

1,105,500

1,082,100

1,107,100

1,124,000

1,656,300

1,711,600

1,916,400

1,906,900

789,900

788,200

6,000

2,200

100

20,600

17,000

13,100

9,800

100

50,228

94,510

143,141

149,247

149,004

158,684

164,029

165,731

167,815

169,169

213,918

258,726

263,850

269,067

272,944

276,377

266,394

266,491

267,390

268,574

267,323

265,918

263,588

269,144

266,466

263,996

279,419

279,834

278,271

288,364

286,763

284,807

283,743

283,232

282,545

280,880

237,456

236,779

235,918

234,522

233,963

232,628

229,151

229,619

227,954

227,930

225,788

226,670

228,066

228,265

226,227

225,243

223,430

221,655

220,013

215,801

214,233

212,799

211,274

208,655

207,308

205,984

204,870

204,045

202,858

204,898

195,634

114,055

113,522

113,115

109,455

109,073

108,693

108,518

108,231

102,800

98,500

95,836

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
49,203
63,927
80,877
95,859
113,766
134,463
149,173
171,228
193,427
221,082
245,088
266,444
300,574
330,937
367,879
404,316
450,273
488,407
530,893
566,007
611,062
658,916
703,820
748,423
794,863
839,999
922,662
969,406
1,022,888
1,109,017
1,162,100
1,212,700
1,262,500
1,340,700
0
1,436,200
1,507,100
1,658,800
1,838,200
1,986,200
2,281,800
2,579,100
2,859,500
3,191,400
3,510,800
3,829,100
4,065,300
4,282,500
4,565,800
0
0

4,565,800

4,282,500

4,065,300

3,829,100

3,510,800

3,191,400

2,859,500

2,579,100

2,281,800

1,986,200

1,838,200

1,658,800

1,507,100

1,436,200

1,340,700

1,262,500

1,212,700

1,162,100

1,109,017

1,022,888

969,406

922,662

839,999

794,863

748,423

703,820

658,916

611,062

566,007

530,893

488,407

450,273

404,316

367,879

330,937

300,574

266,444

245,088

221,082

193,427

171,228

149,173

134,463

113,766

95,859

80,877

63,927

49,203

Accumulated Other Comprehensive Income

0
0
0
-1,800
0
0
0
-2,100
-3,500
-3,800
-3,900
-2,800
-3,100
-3,500
-3,500
-3,900
-4,200
-4,800
-5,500
-5,700
-5,962
-6,713
-7,551
15
-1,731
-1,326
-2,348
-2,091
-1,666
-2,165
-2,714
-2,517
-2,617
-2,990
-1,970
-1,468
-2,759
1,542
-108
789
1,254
344
1,679
2,184
3,958
4,223
-53,082
-54,819
-44
905
-19
-1,000
-1,437
-634
-981
-5,810
-4,979
-3,819
-4,437
-3,850
-4,328
-5,404
-5,676
-4,869
-4,307
-4,363
-4,986
-4,508
-4,082
-3,718
-3,234
-2,615
-2,109
-1,771
-1,677
-1,538
-1,389
-1,259
-1,075
-926
-787
-622
-461
-277
-114
-152,048
-157,940
-167,300
-175,231
-184,283
-190,962
-197,802
-209,300
-219,271
-228,992
-240,500
-250,000
-900
-1,900
-700
-5,800
-7,200
-6,800
-6,300
-4,500
-4,300
-3,600
-3,000
4,900
-5,100
-21,500
-18,000
-4,900
11,200
-14,700
20,100

20,100

-14,700

11,200

-4,900

-18,000

-21,500

-5,100

4,900

-3,000

-3,600

-4,300

-4,500

-6,300

-6,800

-7,200

-5,800

-700

-1,900

-900

-250,000

-240,500

-228,992

-219,271

-209,300

-197,802

-190,962

-184,283

-175,231

-167,300

-157,940

-152,048

-114

-277

-461

-622

-787

-926

-1,075

-1,259

-1,389

-1,538

-1,677

-1,771

-2,109

-2,615

-3,234

-3,718

-4,082

-4,508

-4,986

-4,363

-4,307

-4,869

-5,676

-5,404

-4,328

-3,850

-4,437

-3,819

-4,979

-5,810

-981

-634

-1,437

-1,000

-19

905

-44

-54,819

-53,082

4,223

3,958

2,184

1,679

344

1,254

789

-108

1,542

-2,759

-1,468

-1,970

-2,990

-2,617

-2,517

-2,714

-2,165

-1,666

-2,091

-2,348

-1,326

-1,731

-7,551

-6,713

-5,962

-5,700

-5,500

-4,800

-4,200

-3,900

-3,500

-3,100

-2,800

-3,900

-3,800

-3,500

-2,100

-1,800

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,632
11,171
10,918
10,483
10,949
11,789
12,399
15,096
18,577
20,401
22,598
24,392
26,045
27,657
29,775
31,364
33,584
35,917
38,822
34,866
37,230
39,359
41,225
37,714
34,280
42,373
11,309
14,558
43,470
45,897
35,000
28,000
0
3,400
46,000
26,000
30,100
36,400
41,400
36,000
44,000
50,800
58,300
51,800
62,200
69,000
76,800
54,200
62,500
71,100
0

71,100

62,500

54,200

76,800

69,000

62,200

51,800

58,300

50,800

44,000

36,000

41,400

36,400

30,100

26,000

46,000

3,400

28,000

35,000

45,897

43,470

14,558

11,309

42,373

34,280

37,714

41,225

39,359

37,230

34,866

38,822

35,917

33,584

31,364

29,775

27,657

26,045

24,392

22,598

20,401

18,577

15,096

12,399

11,789

10,949

10,483

10,918

11,171

10,632

Treasury Stock

Other Stockholders Equity

0
0
0
2,600
0
0
0
26,700
32,100
32,400
32,500
31,500
31,800
75,000
74,800
75,400
75,900
4,964
5,800
13,100
6,209
6,980
7,847
306
361
416
456
507
539
-4,587
14,614
929
969
1,010
1,052
1,231
1,497
1,547
1,588
1,811
2,114
2,190
2,349
2,559
3,520
232,491
286,011
287,531
232,106
7,076
235,642
0
237,731
241,402
242,802
244,265
245,352
246,562
247,599
291,849
292,500
293,590
294,387
296,247
296,946
298,996
289,442
290,752
289,902
274,945
278,255
12,399
15,096
18,577
20,401
22,598
24,392
26,045
27,657
29,775
31,364
33,584
35,917
38,822
34,866
37,230
197,299
41,225
212,945
218,563
233,335
209,111
223,858
262,741
274,889
275,500
278,000
-900
3,400
46,000
26,000
30,100
36,400
41,400
36,000
44,000
50,800
58,300
90,000
108,100
113,500
121,700
98,700
62,500
71,100
148,900

148,900

71,100

62,500

98,700

121,700

113,500

108,100

90,000

58,300

50,800

44,000

36,000

41,400

36,400

30,100

26,000

46,000

3,400

-900

278,000

275,500

274,889

262,741

223,858

209,111

233,335

218,563

212,945

41,225

197,299

37,230

34,866

38,822

35,917

33,584

31,364

29,775

27,657

26,045

24,392

22,598

20,401

18,577

15,096

12,399

278,255

274,945

289,902

290,752

289,442

298,996

296,946

296,247

294,387

293,590

292,500

291,849

247,599

246,562

245,352

244,265

242,802

241,402

237,731

235,642

7,076

232,106

287,531

286,011

232,491

3,520

2,559

2,349

2,190

2,114

1,811

1,588

1,547

1,497

1,231

1,052

1,010

969

929

14,614

-4,587

539

507

456

416

361

306

7,847

6,980

6,209

13,100

5,800

4,964

75,900

75,400

74,800

75,000

31,800

31,500

32,500

32,400

32,100

26,700

2,600

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Accounts Payable	288,000	258,400	235,400	158,200	125,300	126,300	111,362	88,423	70,871	70,853	51,159	41,589	31,712	23,747	18,782	21,571	38,715	39,794	30,917	26,821	24,402	19,445	16,894	13,651	11,900	6,300	3,900	2,400	1,500
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
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
Accumulated Other Comprehensive Income	20,100	-18,000	-3,000	-6,300	-700	-240,500	-197,802	-167,300	-277	-926	-1,538	-2,615	-4,508	-4,869	-3,850	-5,810	-1,437	-54,819	2,184	789	-1,468	-2,517	-2,091	15	-5,700	-3,900	-2,800	-2,100	-1,800
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
Capital Lease Obligations	427,900	346,600	361,700	246,700	238,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	1,100,600	1,082,100	1,711,600	788,200	20,600	100	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	76,800	58,300	41,400	46,000	35,000	11,309	41,225	38,822	29,775	22,598	12,399	10,918	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	941,400	246,700	174,800	160,200	84,000	31,600	57,253	50,282	45,008	29,898	23,686	42,839	20,851	9,306	12,776	10,874	21,665	26,600	48,566	29,264	74,408	15,932	59,855	38,789	30,400	20,900	18,500	15,400	9,400
Cash And Equivalents	0	246,700	174,800	160,200	84,000	31,600	57,253	50,282	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	941,400	246,700	174,800	160,200	84,000	31,600	57,253	50,282	45,008	29,898	23,686	42,839	20,851	9,306	24,469	10,874	21,665	26,600	48,566	29,264	74,408	15,932	59,855	38,789	30,400	20,900	18,500	15,400	9,400
Common Stock	1,100,600	1,082,100	1,711,600	788,200	20,600	100	149,247	165,731	258,726	276,377	268,574	269,144	279,834	285,275	281,348	234,990	229,619	227,138	225,243	215,801	208,655	204,045	114,055	109,073	102,800	0	0	0	0
Common Stock Shares Outstanding	27,600	28,300	29,000	24,100	23,400	24,500	25,100	25,521	26,490	26,382	26,191	26,170	26,664	26,285	22,176	20,195	22,082	22,102	21,807	20,093	18,418	17,953	13,596	13,814	11,998	9,474	7,317	7,778	5,667
Common Stock Total Equity	0	1,082,100	1,711,600	788,200	20,600	100	149,247	165,731	258,726	276,377	268,574	269,144	279,834	0	0	0	0	0	225,243	215,801	208,655	204,045	114,055	109,073	102,800	0	0	0	0
Current Deferred Revenue	264,100	44,600	-235,400	-158,200	-125,300	121,700	103,111	81,929	66,734	54,403	44,005	33,589	25,146	20,158	17,981	50,951	63,602	62,299	57,775	0	875	1,617	1,481	0	2,262	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	10,256	17,123	29,270	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	286,300	191,000	146,300	0	91,200	159,388	141,004	66,734	97,198	44,005	33,589	25,146	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
Good Will	1,930,600	1,460,700	977,300	593,000	454,600	434,900	256,320	259,399	213,220	199,375	49,511	32,047	18,958	6,186	0	0	311,527	307,424	260,899	244,532	207,027	185,212	149,742	133,871	110,677	0	0	0	0
Intangible Assets	2,402,200	1,856,200	799,100	350,200	306,700	288,700	186,977	184,268	157,699	150,892	71,199	62,429	59,095	51,379	42,496	42,008	68,946	69,054	260,899	289,181	235,973	206,197	156,849	133,871	110,700	43,000	24,100	4,100	0
Inventory	4,753,900	3,409,400	2,385,500	2,492,900	2,433,700	2,365,300	2,132,744	1,772,587	1,470,987	1,249,659	859,019	723,326	506,484	415,228	328,726	422,812	601,759	603,306	606,047	536,653	445,281	445,908	275,398	314,290	268,300	157,400	89,800	28,200	17,700
Liabilities And Stockholders Equity	19,632,500	15,006,600	11,146,900	7,902,100	6,083,900	5,384,000	4,683,066	3,844,150	3,227,299	2,880,932	1,725,121	1,492,702	1,146,133	971,676	895,100	1,133,459	1,626,735	1,579,357	1,452,714	1,256,904	1,102,782	942,049	662,944	628,003	506,400	294,400	166,500	63,800	39,200
Long Term Debt	7,155,400	5,510,500	3,185,700	2,064,700	1,401,100	1,358,200	1,028,476	769,916	606,463	609,066	245,471	286,876	278,653	268,693	233,065	265,184	455,495	392,383	290,551	267,310	234,734	167,712	164,830	131,586	0	0	0	0	0
Long Term Debt Total	0	5,510,500	3,185,700	2,064,700	1,430,600	1,358,200	1,028,476	769,916	606,463	609,066	245,471	286,876	278,653	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	66,100	54,000	0	0	22,284	33,282	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
Net Debt	9,849,500	7,380,400	4,201,000	3,701,700	3,414,200	3,384,300	2,909,125	2,342,096	1,914,301	1,789,759	942,723	833,803	609,963	522,725	454,777	670,644	898,747	786,405	779,305	695,470	417,160	384,083	327,125	353,276	259,000	152,800	93,500	12,800	23,600
Net Invested Capital	17,114,400	7,627,100	4,375,800	6,589,400	5,005,200	4,639,000	4,049,596	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	1,123,100	813,100	910,000	614,000	505,000	529,400	521,938	417,714	308,462	295,379	170,519	133,149	99,407	75,011	52,097	41,816	60,913	118,528	106,443	84,489	42,407	40,847	34,557	34,206	28,500	20,400	8,100	3,000	1,900
Net Tangible Assets	0	3,390,700	2,886,800	1,718,300	706,400	1,197,200	1,083,218	910,776	457,245	322,838	414,012	333,625	289,068	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	2,023,000	1,452,700	1,130,500	857,900	501,400	497,900	481,801	365,200	288,040	172,909	209,038	211,905	191,607	162,675	96,886	99,524	193,447	149,701	155,848	126,177	160,066	126,308	104,834	98,917	75,000	53,600	23,900	20,200	7,800
Non Current Assets Total	12,677,300	10,375,700	7,613,600	4,564,500	3,013,400	2,392,600	1,900,284	1,556,956	1,348,434	1,265,423	643,572	559,493	497,942	463,132	477,037	436,907	848,197	799,717	648,466	594,029	465,845	386,271	282,535	231,481	171,800	90,200	46,600	14,700	6,400
Non Current Liabilities Other	220,700	1,066,800	895,200	303,200	109,000	243,900	111,003	100,460	81,984	58,963	28,412	22,832	18,629	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	8,417,400	6,577,300	4,080,900	2,760,900	2,047,100	1,693,300	1,298,867	1,011,380	808,310	765,227	317,888	343,297	322,428	305,590	266,885	288,088	533,432	456,025	344,681	314,260	266,985	192,586	183,872	148,623	91,200	52,300	32,600	10,200	12,600
Non Currrent Assets Other	771,500	989,100	2,784,600	1,423,800	640,400	221,000	271,818	107,159	100,855	98,411	31,394	22,808	16,840	54,989	90,983	4,616	5,978	6,136	54,390	5,217	2,559	3,163	3,709	7,370	8,700	14,300	6,200	6,000	3,200
Noncontrolling Interest In Consolidated Entity	0	4,200	2,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	1,296,600	2,784,600	1,775,000	388,500	221,000	271,800	107,159	99,072	65,111	40,450	38,831	46,110	49,320	48,487	48,623	5,978	6,136	4,143	5,217	1,883	2,282	3,431	5,754	0	0	0	0	0
Other Current Assets	136,800	161,700	63,000	70,500	47,800	65,100	70,847	46,611	54,408	32,010	15,251	17,484	16,719	6,062	12,771	197,530	81,779	23,183	33,707	5,629	70,864	46,834	5,554	9,237	7,400	5,500	3,500	2,500	3,800
Other Current Liab	744,600	758,600	1,212,700	682,500	501,500	187,800	148,606	129,180	100,374	106,753	56,409	56,360	47,565	38,626	49,926	108,172	17,857	11,610	22,388	52,453	58,334	39,307	35,050	23,475	29,938	12,000	6,700	4,500	1,200
Other Liab	0	720,200	895,200	696,200	377,100	335,100	270,400	241,464	201,847	113,366	72,417	56,421	43,775	36,897	33,820	22,904	14,647	13,509	10,440	10,611	8,110	11,198	9,662	8,893	0	0	0	0	0
Other Stockholder Equity	79,900	121,700	95,100	41,400	46,000	275,500	209,111	41,225	38,822	29,775	22,598	12,399	290,752	296,247	291,849	244,265	237,731	287,531	2,559	1,811	1,231	929	507	306	13,100	75,400	31,500	26,700	2,600
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
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	5,806	8,915	0	0	0	0	0
Property Plant And Equipment Gross	5,106,900	4,483,300	3,871,100	2,461,500	1,863,600	1,448,000	1,185,169	1,006,130	876,660	816,745	481,212	425,086	373,779	362,433	386,054	346,276	461,746	417,103	333,177	299,631	227,313	176,911	121,977	90,240	52,400	32,900	16,300	4,600	3,200
Property Plant And Equipment Net	3,981,400	3,574,600	3,052,600	2,197,500	1,611,700	1,448,000	1,185,169	1,006,130	876,660	816,745	481,212	425,086	373,779	362,433	386,054	346,276	461,746	417,103	333,177	299,631	227,313	176,911	121,977	90,240	52,400	32,900	16,300	4,600	3,200
Property Plant Equipment	0	3,574,600	3,052,600	2,197,500	1,863,600	1,448,000	1,185,169	1,006,130	876,660	816,745	481,212	425,086	373,779	362,433	386,054	346,276	461,746	417,103	333,177	299,631	227,313	176,911	121,977	90,240	0	0	0	0	0
Retained Earnings	5,013,300	4,065,300	2,859,500	1,838,200	1,401,800	1,162,100	922,662	703,820	530,893	367,879	245,088	149,173	80,877	28,839	19,039	9,888	271,918	260,681	229,647	187,545	150,508	117,536	85,220	63,466	39,200	20,000	9,200	100	100
Retained Earnings Total Equity	0	4,065,300	2,859,500	1,838,200	0	1,162,100	922,662	703,820	530,893	367,879	245,088	149,173	80,877	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	3,745,100	2,116,600	1,190,100	1,797,200	2,106,900	2,083,600	1,937,902	1,622,462	39,038	33,106	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	10,790,900	7,627,100	4,375,800	3,861,900	3,498,200	3,415,900	2,966,378	2,392,378	1,959,309	1,819,657	966,409	876,642	630,814	532,031	467,553	681,518	920,412	813,005	827,871	724,734	491,568	400,015	386,980	392,065	289,400	173,700	112,000	28,200	33,000
Short Term Debt	3,635,500	2,116,600	1,190,100	1,797,200	2,067,600	2,057,700	1,937,902	1,622,462	1,352,846	1,210,591	720,938	589,766	352,161	263,338	234,488	416,334	464,917	516,236	537,320	457,424	393,260	369,101	222,150	260,479	215,500	132,300	85,400	22,000	22,300
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,693	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
Total Assets	19,632,500	15,006,600	11,146,900	7,902,100	6,083,900	5,384,000	4,683,066	3,844,150	3,227,299	2,880,932	1,725,121	1,492,702	1,146,133	971,676	895,100	1,133,459	1,626,735	1,579,357	1,452,714	1,256,904	1,102,782	942,049	662,944	628,003	506,400	294,400	166,500	63,800	39,200
Total Current Assets	6,955,200	4,630,900	3,533,300	3,337,600	3,070,500	2,991,400	2,782,782	2,287,194	1,878,865	1,615,509	1,081,549	933,209	648,191	508,544	418,063	696,552	778,538	779,640	804,248	662,875	636,937	555,778	380,409	396,522	334,600	204,200	119,900	49,100	32,800
Total Current Liabilities	4,932,200	3,178,200	2,402,800	2,479,700	2,569,100	2,493,500	2,300,981	1,921,994	1,590,825	1,442,600	872,511	721,304	456,584	345,869	321,177	597,028	585,091	629,939	648,400	536,698	476,871	429,470	275,575	297,605	259,600	150,600	96,000	28,900	25,000
Total Liab	13,349,600	9,755,500	6,483,700	5,240,600	4,616,200	4,186,800	3,599,848	2,933,374	2,399,135	2,207,827	1,190,399	1,064,601	779,012	651,459	588,062	885,116	1,118,523	1,085,964	993,081	850,958	743,856	622,056	459,447	446,228	350,800	202,900	128,600	39,100	37,600
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
Total Stockholder Equity	6,282,900	5,251,100	4,663,200	2,661,500	1,467,700	1,197,200	1,083,218	910,776	828,164	673,105	534,722	428,101	367,121	320,217	307,038	248,343	508,212	493,393	459,633	405,946	358,926	319,993	203,497	181,775	155,600	91,500	37,900	24,700	900
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
Warrants	0	40,700	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

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Accounts Payable	288,000	-248,100	-241,300	320,000	258,400	241,300	266,500	260,500	235,400	248,100	256,000	199,400	158,200	150,200	124,800	108,900	125,300	127,000	129,400	119,300	126,300	113,662	115,061	116,928	111,362	103,105	89,795	80,022	88,423	78,442	77,979	78,250	70,871	77,723	78,885	76,517	70,853	59,481	56,384	54,052	51,159	48,645	44,121	41,339	41,589	38,973	40,196	34,934	31,712	28,575	29,110	27,043	23,747	24,957	26,437	26,345	18,782	21,996	23,702	22,251	21,571	30,542	34,251	38,715	38,715	36,835	44,329	40,366	39,794	33,202	33,898	30,446	30,917	25,590	554,994	26,987	26,821	27,623	26,661	25,107	24,402	23,785	24,088	23,007	19,445	21,263	21,748	20,283	16,894	16,944	16,444	16,598	13,651	13,290	13,156	11,422	11,900	11,300	11,200	6,500	6,300	5,000	6,000	3,400	3,900	2,200	1,700	2,200	2,400	-	-	-	1,500	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	20,100	-14,700	11,200	-4,900	-18,000	-21,500	-5,100	4,900	-3,000	-3,600	-4,300	-4,500	-6,300	-6,800	-7,200	-5,800	-700	-1,900	-900	-250,000	-240,500	-228,992	-219,271	-209,300	-197,802	-190,962	-184,283	-175,231	-167,300	-157,940	-152,048	-114	-277	-461	-622	-787	-926	-1,075	-1,259	-1,389	-1,538	-1,677	-1,771	-2,109	-2,615	-3,234	-3,718	-4,082	-4,508	-4,986	-4,363	-4,307	-4,869	-5,676	-5,404	-4,328	-3,850	-4,437	-3,819	-4,979	-5,810	-981	-634	-1,437	-1,000	-19	905	-44	-54,819	-53,082	4,223	3,958	2,184	1,679	344	1,254	789	-108	1,542	-2,759	-1,468	-1,970	-2,990	-2,617	-2,517	-2,714	-2,165	-1,666	-2,091	-2,348	-1,326	-1,731	15	-7,551	-6,713	-5,962	-5,700	-5,500	-4,800	-4,200	-3,900	-3,500	-3,500	-3,100	-2,800	-3,900	-3,800	-3,500	-2,100	-	-	-	-1,800	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Capital Lease Obligations	427,900	424,000	440,400	427,700	346,600	337,700	350,000	357,200	361,700	338,600	237,200	241,600	246,700	250,700	221,600	231,300	238,500	235,200	240,300	235,200	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Capital Stock	1,100,600	1,126,500	1,116,100	1,105,500	1,082,100	1,107,100	1,124,000	1,656,300	1,711,600	1,916,400	1,906,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	71,100	62,500	54,200	76,800	69,000	62,200	51,800	58,300	50,800	44,000	36,000	41,400	36,400	30,100	26,000	46,000	3,400	0	28,000	35,000	45,897	43,470	14,558	11,309	42,373	34,280	37,714	41,225	39,359	37,230	34,866	38,822	35,917	33,584	31,364	29,775	27,657	26,045	24,392	22,598	20,401	18,577	15,096	12,399	11,789	10,949	10,483	10,918	11,171	10,632	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	941,400	256,200	199,700	299,400	246,700	233,000	113,200	161,400	174,800	137,800	780,900	170,300	160,200	57,100	120,300	56,600	84,000	27,100	44,700	45,000	31,600	31,432	29,991	68,985	57,253	38,577	31,177	31,440	50,282	24,116	15,044	21,559	45,008	32,707	23,394	21,023	29,898	21,666	28,203	22,340	23,686	16,093	20,257	15,006	42,839	19,757	16,247	8,965	20,851	15,936	11,738	13,118	9,306	15,301	15,379	11,421	12,776	4,382	17,009	9,104	10,874	17,621	21,352	21,665	21,665	15,749	32,903	21,023	26,600	41,329	23,435	33,425	48,566	41,687	29,842	19,562	29,264	39,129	9,971	39,813	74,408	50,231	55,010	29,593	15,932	63,518	64,339	50,877	59,855	43,508	40,646	28,315	38,789	52,520	29,432	34,233	30,400	26,300	42,000	24,800	20,900	17,700	27,100	14,200	18,500	7,400	15,300	13,500	15,400	-	-	-	9,400	-	-	-
Cash And Equivalents	0	256,200	199,700	299,400	246,700	233,000	113,200	161,400	174,800	137,800	780,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	941,400	256,200	199,700	299,400	246,700	233,000	113,200	161,400	174,800	137,800	780,900	170,300	160,200	57,100	120,300	56,600	84,000	27,100	44,700	45,000	31,600	31,432	29,991	68,985	57,253	38,577	31,177	31,440	50,282	24,116	15,044	21,559	45,008	32,707	23,394	21,023	29,898	21,666	28,203	22,340	23,686	16,093	20,257	15,006	42,839	19,757	16,247	8,965	20,851	15,936	11,738	13,118	9,306	15,301	15,379	13,623	24,469	129,227	157,030	9,104	10,874	17,621	21,352	21,665	0	15,749	32,903	21,023	26,600	41,329	23,435	33,425	48,566	41,687	29,842	19,562	29,264	39,129	9,971	39,813	74,408	50,231	55,010	29,593	15,932	63,518	64,339	50,877	59,855	43,508	40,646	28,315	38,789	52,520	29,432	34,233	30,400	26,300	42,000	24,800	20,900	17,700	27,100	14,200	18,500	7,400	15,300	13,500	15,400	-	-	-	9,400	-	-	-
Common Stock	1,100,600	1,126,500	1,116,100	1,105,500	1,082,100	1,107,100	1,124,000	1,656,300	1,711,600	1,916,400	1,906,900	789,900	788,200	6,000	2,200	100	20,600	17,000	13,100	9,800	100	50,228	94,510	143,141	149,247	149,004	158,684	164,029	165,731	167,815	169,169	213,918	258,726	263,850	269,067	272,944	276,377	266,394	266,491	267,390	268,574	267,323	265,918	263,588	269,144	266,466	263,996	279,419	279,834	278,271	288,364	286,763	284,807	283,743	283,232	282,545	280,880	237,456	236,779	235,918	234,522	233,963	232,628	229,151	229,619	227,954	227,930	225,788	226,670	228,066	228,265	226,227	225,243	223,430	221,655	220,013	215,801	214,233	212,799	211,274	208,655	207,308	205,984	204,870	204,045	202,858	204,898	195,634	114,055	113,522	113,115	109,455	109,073	108,693	108,518	108,231	102,800	98,500	95,836	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Common Stock Shares Outstanding	27,600	27,600	27,600	27,500	27,500	27,600	28,600	29,600	30,400	30,500	28,400	26,900	26,700	23,100	23,000	23,500	23,500	23,400	23,500	23,200	23,600	24,258	24,882	25,158	24,985	25,076	25,106	25,250	25,294	25,253	25,534	25,973	25,816	26,480	26,496	26,519	26,344	26,359	26,331	26,320	25,973	26,237	26,134	26,054	25,626	25,947	26,185	26,478	25,977	26,654	26,860	26,694	26,326	26,328	26,014	26,019	25,895	21,573	21,096	20,750	20,750	20,234	19,873	19,687	19,687	22,058	22,109	22,131	19,492	22,128	22,150	22,066	19,426	21,882	21,749	21,704	19,060	21,376	20,549	19,111	18,626	18,708	18,379	18,272	18,133	18,269	18,454	15,369	14,991	13,781	13,762	13,772	12,535	13,678	13,764	13,496	12,410	12,553	11,500	10,345	10,000	10,571	9,167	7,143	6,818	7,273	7,368	6,875	7,500	7,500	7,500	7,500	7,273	7,273	7,273	7,273
Common Stock Total Equity	0	0	1,116,100	1,105,500	1,082,100	1,107,100	1,124,000	1,656,300	1,711,600	1,916,400	1,906,900	789,900	788,200	6,000	2,200	100	20,600	17,000	13,100	9,800	100	50,228	94,510	143,141	149,247	149,004	158,684	164,029	165,731	167,815	169,169	213,918	258,726	263,850	269,067	272,944	276,377	266,394	266,491	267,390	268,574	267,323	265,918	263,588	269,144	266,466	263,996	279,419	279,834	278,271	288,364	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	227,930	0	0	0	0	226,227	225,243	223,430	221,655	220,013	215,801	214,233	212,799	211,274	208,655	207,308	205,984	204,870	204,045	202,858	204,898	195,634	114,055	113,522	113,115	109,455	109,073	108,693	108,518	108,231	102,800	98,500	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Current Deferred Revenue	-288,000	248,100	241,300	1,146,400	44,600	219,900	210,300	200,200	191,200	181,700	172,100	162,200	155,700	150,700	145,400	140,600	137,900	133,800	129,300	124,400	121,700	117,850	112,601	107,355	103,111	98,265	92,335	86,840	81,929	77,577	73,540	70,066	66,734	63,238	59,893	56,849	2,603	51,913	48,918	46,238	1,548	40,774	38,557	35,252	3,832	31,857	30,110	26,820	25,146	23,774	22,441	21,064	2,937	19,963	19,043	19,067	40,735	16,008	15,867	16,465	2,541	62,131	63,702	1,775	0	68,265	67,037	61,113	1,198	0	0	64,282	685	0	57,139	52,546	410	752	726	807	585	957	960	1,667	550	1,175	1,277	1,379	1,286	-242,705	1,490	-253,292	0	0	0	0	2,262	2,430	2,607	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,450	14,624	14,374	10,256	15,826	22,190	20,704	17,123	23,005	29,849	30,536	29,270	34,776	36,501	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	308,000	290,600	286,300	254,500	207,600	203,700	191,000	172,900	178,800	157,400	146,300	135,700	123,800	137,500	0	130,000	98,500	96,400	91,200	77,684	58,583	166,320	159,388	164,739	150,254	86,840	141,004	136,298	128,187	70,066	66,734	63,238	95,970	98,323	97,198	51,913	48,918	46,238	44,005	40,774	38,557	35,252	33,589	31,857	30,110	26,820	25,146	23,774	22,441	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Good Will	1,930,600	1,725,600	1,610,200	1,516,200	1,460,700	1,463,100	1,237,600	1,019,300	977,300	740,300	617,300	617,500	593,000	592,200	592,200	457,700	454,600	456,800	457,300	456,800	434,900	356,968	280,954	256,283	256,320	257,185	259,399	259,399	259,399	219,021	214,444	213,934	213,220	210,627	199,129	199,286	199,375	65,745	65,004	56,787	49,511	40,313	40,313	32,047	32,047	25,838	22,608	18,727	18,958	18,191	18,288	6,186	6,186	6,186	0	0	0	0	0	0	0	0	0	311,527	311,527	311,467	309,065	314,877	307,424	277,717	276,731	261,442	260,899	252,325	251,377	249,905	244,532	238,611	233,500	212,829	207,027	206,442	199,269	191,799	185,212	182,152	176,428	157,672	149,742	151,117	137,776	0	133,871	0	0	0	110,677	83,048	78,633	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Intangible Assets	2,402,200	2,147,700	2,016,200	3,445,200	1,856,200	1,866,800	1,443,800	956,700	799,100	608,400	369,700	368,000	350,200	355,500	355,500	306,000	306,700	309,100	309,100	308,100	288,700	256,004	197,111	186,977	186,977	186,977	184,763	184,268	184,268	163,220	162,296	161,668	157,699	155,187	150,856	150,856	150,892	77,482	77,728	73,502	71,199	66,465	66,465	62,429	62,429	61,972	59,319	59,095	59,095	58,400	59,015	45,193	51,379	45,299	42,935	42,639	42,496	40,811	40,817	41,986	42,008	41,563	45,532	68,946	68,946	71,003	69,966	72,036	69,054	57,507	57,210	50,238	260,899	299,740	251,377	295,388	289,181	280,794	273,404	244,049	235,973	234,279	25,970	215,086	206,197	202,671	194,817	170,924	156,849	0	137,776	138,264	133,871	119,262	120,334	118,699	110,700	83,000	78,600	43,400	43,000	35,500	32,800	29,600	24,100	14,800	6,800	4,200	4,100	-	-	-	-	-	-	-
Inventory	4,753,900	4,404,500	4,278,900	3,855,600	3,409,400	3,309,300	2,985,000	2,697,300	2,385,500	2,012,600	2,238,800	2,329,700	2,492,900	2,128,700	1,812,800	2,512,800	2,433,700	2,386,400	2,431,900	2,441,000	2,365,300	2,275,965	2,333,112	2,365,924	2,132,744	1,966,456	1,878,780	1,812,217	1,772,587	1,657,693	1,582,274	1,541,085	1,470,987	1,386,960	1,367,317	1,286,614	1,249,659	941,756	981,223	935,850	859,019	755,698	783,840	714,121	723,326	658,694	617,568	559,216	506,484	489,217	497,530	456,945	415,228	392,906	361,063	360,025	328,726	255,036	300,130	391,959	422,812	426,620	623,162	601,759	601,759	559,267	684,926	599,942	603,306	659,047	881,990	651,938	606,047	516,068	659,060	563,995	536,653	500,273	604,449	482,212	445,281	448,019	468,201	468,478	445,908	399,281	410,909	337,426	275,398	309,461	315,078	318,330	314,290	261,899	325,722	305,930	268,300	212,300	233,600	153,300	157,400	117,100	138,100	120,700	89,800	50,700	42,600	39,100	28,200	-	-	-	17,700	-	-	-
Liabilities And Stockholders Equity	19,632,500	18,269,800	17,682,700	16,421,400	15,006,600	14,074,500	13,007,700	12,080,800	11,146,900	10,204,600	10,092,500	8,251,600	7,902,100	6,395,700	5,539,000	6,014,100	6,083,900	5,737,500	5,774,600	5,692,000	5,384,000	5,174,569	5,164,162	5,086,983	4,683,066	4,371,593	3,976,495	3,801,964	3,844,150	3,563,606	3,322,070	3,267,618	3,227,299	3,059,829	3,004,855	2,924,385	2,880,932	1,904,903	1,940,127	1,844,276	1,725,121	1,539,178	1,572,516	1,459,703	1,492,702	1,366,537	1,283,575	1,198,727	1,146,133	1,115,215	1,101,201	1,020,790	971,676	955,089	909,292	921,500	895,100	857,221	938,212	1,048,285	1,133,459	1,194,862	1,391,619	1,626,735	1,626,735	1,561,528	1,747,102	1,608,986	1,579,357	1,528,879	1,739,989	1,485,038	1,452,714	1,305,791	1,429,355	1,305,567	1,256,904	1,220,768	1,273,146	1,122,685	1,102,782	1,039,636	1,048,834	992,521	942,049	889,751	880,760	740,812	662,944	657,379	639,729	630,433	628,003	558,813	593,611	565,956	506,400	415,600	446,900	291,500	294,400	224,900	251,800	208,000	166,500	101,300	87,200	77,600	63,800	-	-	-	39,200	-	-	-
Long Term Debt	7,155,400	6,588,700	6,612,700	5,845,200	5,510,500	5,222,300	4,721,700	3,395,200	3,185,700	2,586,100	2,521,900	2,124,000	2,064,700	1,799,000	1,357,900	1,489,800	1,401,100	1,287,800	1,324,100	1,295,700	1,358,200	1,287,052	1,295,077	1,181,230	1,028,476	991,333	777,814	666,135	769,916	727,191	626,543	595,663	606,463	591,231	599,402	621,890	609,066	263,117	260,835	269,760	245,471	218,172	294,073	222,249	286,876	261,419	224,746	262,934	278,653	285,954	275,183	245,864	268,693	279,789	232,672	234,048	233,065	213,914	187,202	258,922	265,184	254,226	337,242	463,127	455,495	400,971	425,796	401,707	392,383	324,668	329,117	290,651	290,551	292,180	299,767	279,497	267,310	278,297	248,971	213,954	234,734	197,559	196,846	176,838	167,712	171,829	153,285	101,147	164,830	133,326	128,336	126,400	131,586	120,887	97,379	97,727	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Long Term Debt Total	0	6,588,700	6,612,700	5,845,200	5,510,500	5,222,300	4,721,700	3,395,200	3,185,700	2,586,100	2,521,900	2,124,000	2,064,700	1,799,000	1,357,900	1,489,800	1,430,600	1,287,800	1,324,100	1,295,700	1,358,200	1,287,052	1,295,077	1,181,230	1,028,476	991,333	777,814	666,135	769,916	727,191	626,543	595,663	606,463	591,231	599,402	621,890	609,066	263,117	260,835	269,760	245,471	218,172	294,073	222,249	286,876	261,419	224,746	262,934	278,653	285,954	275,183	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	66,100	0	0	0	54,000	54,000	0	0	0	0	0	0	0	0	0	0	22,284	0	0	0	33,282	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Net Debt	9,849,500	9,457,100	9,229,700	8,210,000	7,380,400	6,652,200	6,079,500	4,624,800	4,201,000	3,466,600	2,993,000	3,775,900	3,701,700	3,345,400	2,698,200	3,419,000	3,414,200	3,262,700	3,403,100	3,376,900	3,384,300	3,211,487	3,283,154	3,090,197	2,909,125	2,665,700	2,402,185	2,252,900	2,342,096	2,155,451	2,013,066	1,960,412	1,914,301	1,812,143	1,829,152	1,796,977	1,789,759	990,345	1,067,492	1,019,524	942,723	797,393	867,704	798,252	833,803	753,480	712,350	649,668	609,963	605,958	610,917	547,149	522,725	488,437	475,419	483,387	469,080	388,952	477,207	588,764	670,644	671,053	748,720	898,747	447,157	833,120	975,919	908,915	786,405	834,915	1,058,350	814,579	779,305	661,173	256,374	734,453	695,470	513,508	759,429	538,878	417,160	528,831	413,493	548,347	384,083	424,636	431,066	300,675	327,125	341,875	288,707	356,668	353,276	219,274	341,951	313,974	259,000	200,900	227,300	141,100	152,800	96,600	119,300	136,500	93,500	45,500	27,400	20,000	12,800	-	-	-	23,600	-	-	-
Net Invested Capital	17,114,400	9,713,300	9,429,400	8,509,400	7,627,100	6,885,200	6,192,700	4,786,200	4,375,800	3,604,400	3,773,900	3,946,200	6,589,400	5,153,400	4,407,400	4,977,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Net Receivables	1,123,100	999,300	884,600	843,100	813,100	1,009,100	978,400	923,800	910,000	812,600	799,700	740,700	614,000	511,700	446,400	298,200	505,000	459,700	489,200	491,000	529,400	470,689	483,995	479,638	521,938	446,613	359,010	341,591	417,714	317,664	305,293	286,292	308,462	285,730	287,808	290,638	295,379	181,855	191,228	182,777	170,519	140,086	143,833	134,109	133,149	128,602	117,747	111,040	99,407	84,247	88,793	79,659	75,011	41,235	36,187	34,635	30,157	49,687	33,189	36,442	41,816	49,491	55,598	60,913	60,913	112,508	131,278	130,119	118,528	99,935	113,912	52,109	106,443	93,086	106,270	84,615	84,489	41,169	84,352	85,244	42,407	43,032	43,331	38,528	40,847	38,730	40,869	37,614	34,557	33,602	33,897	34,010	34,206	36,758	33,798	31,184	28,500	29,600	30,500	19,700	20,400	15,200	12,400	11,000	8,100	6,400	4,100	3,600	3,000	-	-	-	1,900	-	-	-
Net Tangible Assets	0	2,123,100	5,798,600	5,478,200	3,390,700	1,698,300	2,056,400	2,963,300	2,886,800	3,229,100	3,241,400	1,822,100	1,718,300	746,700	584,500	692,800	706,400	593,300	508,300	485,600	1,197,200	592,170	682,803	683,845	1,083,218	587,214	543,665	506,499	910,776	647,069	817,461	814,677	457,245	787,713	402,317	357,695	322,838	480,686	449,119	426,548	414,012	400,351	369,373	353,327	333,625	321,674	303,066	303,857	289,068	271,792	266,533	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,023,000	1,442,900	1,445,800	1,199,700	1,452,700	1,860,200	1,547,400	1,059,500	1,130,500	893,700	1,275,000	678,000	857,900	538,000	403,700	494,300	501,400	446,500	426,200	442,700	497,900	462,524	481,118	467,515	481,801	436,506	366,116	293,630	365,200	297,519	277,097	255,706	288,040	235,768	217,445	201,558	172,909	236,015	208,918	227,122	209,038	189,158	236,666	162,243	211,905	195,005	142,321	185,759	191,607	167,681	162,467	151,469	162,675	165,806	114,160	99,811	96,886	92,934	59,138	106,919	99,524	111,716	112,615	193,447	193,447	156,622	191,141	140,527	149,701	151,716	161,916	153,414	155,848	156,091	158,588	139,734	126,177	153,908	127,493	123,872	160,066	133,108	137,172	127,950	126,308	133,255	123,784	104,887	104,834	89,265	96,690	87,026	98,917	110,637	83,751	93,047	75,000	75,400	84,900	46,400	53,600	45,900	44,000	39,200	23,900	23,000	26,800	26,500	-	-	-	-	-	-	-	-
Non Current Assets Total	12,677,300	12,451,600	12,188,700	11,273,700	10,375,700	9,387,700	8,845,900	8,196,200	7,613,600	7,129,100	6,221,700	4,962,700	4,564,500	3,645,300	3,108,900	3,088,300	3,013,400	2,807,600	2,743,100	2,664,100	2,392,600	2,348,835	2,270,833	2,115,543	1,900,284	1,860,325	1,652,727	1,568,468	1,556,956	1,530,908	1,381,267	1,368,209	1,348,434	1,321,792	1,294,308	1,289,586	1,265,423	739,118	727,223	676,726	643,572	603,980	601,173	568,663	559,493	529,041	517,449	504,461	497,942	511,051	494,026	459,373	463,132	465,686	459,907	476,866	477,037	414,323	416,199	437,257	436,907	415,329	495,986	848,197	0	833,535	813,056	828,869	799,717	721,573	707,595	662,763	648,466	637,848	622,324	608,063	594,029	563,737	545,004	490,311	465,845	442,862	420,234	398,841	386,271	375,838	351,378	305,929	282,535	262,264	241,921	242,204	231,481	202,522	199,306	186,253	171,800	139,400	134,500	90,200	90,200	71,400	69,000	58,700	46,600	33,200	22,800	19,000	14,700	-	-	-	6,400	-	-	-
Non Current Liabilities Other	220,700	1,239,000	1,219,100	1,146,400	1,066,800	997,400	933,800	917,900	895,200	858,900	746,400	551,700	303,200	554,200	498,700	498,800	109,000	477,100	472,000	464,200	243,900	241,481	237,423	108,403	111,003	109,383	102,948	0	100,460	98,848	86,173	0	81,984	0	64,079	63,094	58,963	36,190	34,537	31,013	28,412	27,063	29,058	25,602	22,832	21,286	19,921	18,787	18,629	20,621	15,033	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,417,400	7,827,700	7,831,800	6,991,600	6,577,300	6,219,700	5,655,500	4,313,100	4,080,900	3,445,000	3,268,300	2,833,100	2,760,900	2,488,900	1,980,400	2,126,100	2,047,100	1,894,900	1,894,600	1,856,300	1,693,300	1,606,217	1,591,083	1,455,953	1,298,867	1,265,455	1,031,016	911,932	1,011,380	962,337	840,903	809,238	808,310	769,847	759,451	783,307	765,227	351,220	344,290	347,011	317,888	286,009	361,688	283,103	343,297	314,562	274,777	308,541	322,428	330,349	312,657	281,975	305,590	317,009	268,594	268,199	266,885	243,502	217,714	292,586	288,088	271,058	350,247	533,432	0	475,148	497,376	471,617	456,025	382,470	386,860	345,853	344,681	344,015	349,577	328,409	314,260	322,757	290,399	247,488	266,985	227,762	223,182	201,868	192,586	197,790	175,305	121,999	183,872	155,005	149,208	145,909	148,623	137,421	115,046	117,790	91,200	76,400	89,600	41,800	52,300	29,400	28,600	58,500	32,600	20,300	15,300	12,500	10,200	-	-	-	12,600	-	-	-
Non Currrent Assets Other	791,100	4,630,600	4,654,800	1,233,400	989,100	801,300	2,566,000	2,975,700	2,784,600	3,427,500	2,935,400	1,756,200	1,423,800	899,300	498,200	693,100	640,400	559,100	513,700	444,800	221,000	487,171	560,714	451,401	271,818	328,243	141,461	114,305	107,159	156,946	106,288	110,202	100,855	101,901	107,434	110,737	98,411	46,922	41,613	38,892	31,394	29,009	28,689	25,548	22,808	20,472	18,021	16,752	16,840	20,169	13,808	56,405	54,989	322,107	8,484	8,584	7,752	91,052	4,074	4,174	4,616	4,981	4,601	5,978	5,978	5,943	4,972	5,343	6,136	6,310	7,614	7,705	54,390	4,417	51,544	4,467	5,217	4,315	4,735	2,562	2,559	2,566	2,659	3,314	3,163	4,564	4,228	3,959	3,709	7,120	7,041	7,352	7,370	8,827	10,817	8,300	8,700	12,000	13,200	13,600	14,300	6,700	6,500	5,800	6,200	6,500	7,200	6,500	6,000	-	-	-	3,200	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	4,100	3,600	4,200	4,000	6,100	3,300	2,800	1,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Other Assets	0	1,528,500	1,772,400	1,050,100	1,296,600	2,584,800	2,773,600	2,582,600	2,784,600	3,427,500	2,680,300	1,756,200	1,775,000	568,800	263,800	448,500	322,400	309,600	221,100	194,800	167,000	433,171	560,714	894,661	715,115	772,405	585,623	557,972	550,826	539,187	483,028	485,804	471,774	467,715	457,419	460,879	448,678	202,599	198,969	183,555	162,360	151,613	157,657	140,728	134,407	131,287	129,797	125,110	124,163	131,536	127,612	102,070	100,699	102,696	96,650	96,697	90,983	91,052	89,794	93,144	90,631	93,334	97,805	386,736	386,451	388,413	384,003	392,256	382,614	341,534	341,555	319,385	315,289	304,157	302,921	299,855	294,398	285,109	278,139	246,611	238,532	236,845	227,898	218,400	209,360	207,343	199,045	174,883	160,558	158,237	144,817	145,616	141,241	123,074	131,151	126,999	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Other Current Assets	136,800	158,200	130,800	149,600	161,700	135,400	85,200	102,100	63,000	112,500	51,400	48,200	70,500	52,900	50,600	58,200	47,800	56,700	65,700	50,900	65,100	47,648	46,231	56,893	70,847	59,622	54,801	48,248	46,611	33,225	38,192	50,473	54,408	32,640	32,028	32,498	32,010	11,088	12,028	12,564	15,251	9,477	9,856	11,729	17,484	11,240	10,588	10,618	16,719	5,298	5,473	8,880	6,062	36,902	33,313	33,684	29,324	8,948	29,639	170,604	197,530	269,290	180,021	81,779	36,229	33,110	78,606	22,113	23,183	6,995	7,028	77,471	33,707	5,479	5,492	20,500	5,629	69,269	21,505	20,599	70,864	48,139	54,550	50,658	46,834	5,365	6,973	6,280	5,554	5,597	5,626	5,065	9,237	5,114	5,353	8,356	7,400	8,000	6,300	3,500	5,500	3,500	5,200	3,400	3,500	3,600	2,400	2,400	2,500	-	-	-	3,800	-	-	-
Other Current Liab	1,296,700	1,250,700	1,231,500	-182,600	758,600	702,500	666,600	973,400	786,100	733,700	915,700	427,100	368,600	308,000	295,600	196,200	238,300	220,600	222,900	215,300	187,800	175,831	166,481	301,690	148,606	160,448	119,974	154,799	129,180	126,784	110,620	109,079	100,374	107,689	101,180	103,765	158,553	69,482	63,824	68,034	98,866	61,307	58,111	61,197	86,117	59,843	49,648	51,054	47,565	48,194	45,685	47,438	55,847	54,728	31,619	38,651	12,869	132,540	116,292	126,447	156,582	140,696	79,287	79,684	81,459	18,373	48,513	9,880	72,711	70,812	65,912	16,780	79,478	64,582	29,861	3,719	52,043	58,633	52,833	58,901	58,624	57,421	51,734	39,954	40,374	41,895	40,453	33,929	35,245	279,554	26,167	279,314	23,475	25,457	23,394	24,754	29,938	22,170	19,193	13,500	12,000	11,300	8,900	8,600	6,700	4,700	2,800	3,000	4,500	-	-	-	1,200	-	-	-
Other Liab	0	815,000	0	1,146,400	720,200	997,400	933,800	560,700	895,200	858,900	505,900	709,100	696,200	439,200	400,900	405,000	378,000	371,900	330,200	325,400	335,100	319,165	296,006	215,758	214,114	207,648	195,283	187,139	182,389	176,425	159,713	154,441	148,718	149,603	123,972	119,943	113,366	88,103	83,455	77,251	72,417	67,837	67,615	60,854	56,421	53,143	50,031	45,607	43,775	44,395	37,474	36,111	36,897	37,220	35,922	34,151	33,820	29,588	30,512	33,664	22,904	16,832	13,005	16,767	14,647	12,023	12,384	13,117	13,509	10,643	11,273	10,190	10,440	10,127	10,900	10,380	10,611	12,473	11,370	7,808	8,110	8,820	8,541	9,114	11,198	12,057	9,894	9,630	9,662	13,023	12,503	12,224	8,893	8,467	8,483	8,292	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Other Stockholder Equity	148,900	71,100	62,500	98,700	121,700	113,500	108,100	90,000	58,300	50,800	44,000	36,000	41,400	36,400	30,100	26,000	46,000	3,400	-900	278,000	275,500	274,889	262,741	223,858	209,111	233,335	218,563	212,945	41,225	197,299	37,230	34,866	38,822	35,917	33,584	31,364	29,775	27,657	26,045	24,392	22,598	20,401	18,577	15,096	12,399	278,255	274,945	289,902	290,752	289,442	298,996	296,946	296,247	294,387	293,590	292,500	291,849	247,599	246,562	245,352	244,265	242,802	241,402	237,731	0	235,642	7,076	232,106	287,531	286,011	232,491	3,520	2,559	2,349	2,190	2,114	1,811	1,588	1,547	1,497	1,231	1,052	1,010	969	929	14,614	-4,587	539	507	456	416	361	306	7,847	6,980	6,209	13,100	5,800	4,964	75,900	75,400	74,800	75,000	31,800	31,500	32,500	32,400	32,100	26,700	-	-	-	2,600	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
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	2,699	5,806	5,806	5,806	8,915	8,915	8,915	8,915	8,915	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	5,106,900	5,108,000	5,054,300	4,812,500	4,483,300	4,336,700	0	0	0	0	2,554,400	2,479,700	2,461,500	2,064,800	1,897,400	1,876,100	1,863,600	1,732,100	1,718,000	1,704,400	1,448,000	1,248,692	1,232,054	1,220,882	1,185,169	1,087,920	1,067,104	1,010,496	1,006,130	991,721	898,239	882,405	876,660	854,077	836,889	828,707	816,745	536,519	528,254	493,171	481,212	452,367	443,516	427,935	425,086	397,754	387,652	379,351	373,779	379,515	366,414	357,303	362,433	362,990	363,257	380,169	386,054	323,271	326,405	344,113	346,276	321,995	398,181	461,746	461,746	445,122	429,053	436,613	417,103	380,039	366,040	343,378	333,177	333,691	319,403	308,208	299,631	278,628	266,865	243,700	227,313	206,017	192,336	180,441	176,911	168,603	152,333	131,046	121,977	104,027	97,104	96,588	90,240	74,433	68,155	59,254	52,400	44,400	42,700	33,200	32,900	29,200	29,700	23,300	16,300	11,900	8,800	8,300	4,600	-	-	-	3,200	-	-	-
Property Plant And Equipment Net	3,981,400	3,947,700	3,907,500	3,719,700	3,574,600	3,473,000	3,390,900	3,244,500	3,052,600	2,352,900	2,299,300	2,221,000	2,197,500	1,798,300	1,663,000	1,631,500	1,611,700	1,482,600	1,463,000	1,454,400	1,448,000	1,248,692	1,232,054	1,220,882	1,185,169	1,087,920	1,067,104	1,010,496	1,006,130	991,721	898,239	882,405	876,660	854,077	836,889	828,707	816,745	536,519	528,254	493,171	481,212	452,367	443,516	427,935	425,086	397,754	387,652	379,351	373,779	379,515	366,414	357,303	362,433	49,700	363,257	380,169	386,054	323,271	326,405	344,113	346,276	321,995	398,181	461,746	0	445,122	429,053	436,613	417,103	380,039	366,040	343,378	333,177	333,691	319,403	308,208	299,631	278,628	266,865	243,700	227,313	206,017	192,336	180,441	176,911	168,603	152,333	131,046	121,977	104,027	97,104	96,588	90,240	74,433	68,155	59,254	52,400	44,400	42,700	33,200	32,900	29,200	29,700	23,300	16,300	11,900	8,800	8,300	4,600	-	-	-	3,200	-	-	-
Property Plant Equipment	0	3,947,700	3,907,500	4,193,600	3,574,600	3,473,000	3,390,900	3,637,600	3,052,600	2,352,900	2,554,400	2,221,000	2,197,500	1,798,300	1,663,000	1,631,500	1,863,600	1,482,600	1,463,000	1,454,400	1,448,000	1,248,692	1,232,054	1,220,882	1,185,169	1,087,920	1,067,104	1,010,496	1,006,130	991,721	898,239	882,405	876,660	854,077	836,889	828,707	816,745	536,519	528,254	493,171	481,212	452,367	443,516	427,935	425,086	397,754	387,652	379,351	373,779	379,515	366,414	357,303	362,433	362,990	363,257	380,169	386,054	323,271	326,405	344,113	346,276	321,995	398,181	468,260	461,746	445,122	429,053	436,613	417,103	380,039	366,040	343,378	333,177	333,691	319,403	308,208	299,631	278,628	266,865	243,700	227,313	206,017	192,336	180,441	176,911	168,495	152,333	131,046	121,977	104,027	97,104	96,588	90,240	79,448	68,155	59,254	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Retained Earnings	5,013,300	4,813,500	4,565,800	4,282,500	4,065,300	3,829,100	3,510,800	3,191,400	2,859,500	2,579,100	2,281,800	1,986,200	1,838,200	1,658,800	1,507,100	1,436,200	1,401,800	1,340,700	1,262,500	1,212,700	1,162,100	1,109,017	1,022,888	969,406	922,662	839,999	794,863	748,423	703,820	658,916	611,062	566,007	530,893	488,407	450,273	404,316	367,879	330,937	300,574	266,444	245,088	221,082	193,427	171,228	149,173	134,463	113,766	95,859	80,877	63,927	49,203	36,228	28,839	25,772	17,287	20,306	19,039	20,593	14,880	11,217	9,888	14,166	17,586	271,918	271,918	279,386	270,910	265,717	260,681	257,890	245,937	236,619	229,647	222,466	207,146	196,007	187,545	179,175	166,210	156,683	150,508	141,818	130,220	121,701	117,536	110,275	99,546	91,611	85,220	79,088	71,392	66,321	63,466	57,834	50,311	44,117	39,200	33,400	27,600	23,100	20,000	16,600	12,900	10,700	9,200	7,300	5,700	4,400	100	-	-	-	100	-	-	-
Retained Earnings Total Equity	0	0	4,565,800	4,282,500	4,065,300	3,829,100	3,510,800	3,191,400	2,859,500	2,579,100	2,281,800	1,986,200	1,838,200	1,658,800	1,507,100	1,436,200	0	1,340,700	1,262,500	1,212,700	1,162,100	1,109,017	1,022,888	969,406	922,662	839,999	794,863	748,423	703,820	658,916	611,062	566,007	530,893	488,407	450,273	404,316	367,879	330,937	300,574	266,444	245,088	221,082	193,427	171,228	149,173	134,463	113,766	95,859	80,877	63,927	49,203	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,745,100	3,124,600	2,816,700	2,664,200	2,116,600	1,662,900	1,471,000	1,391,000	1,190,100	1,018,300	1,252,000	1,822,200	1,797,200	1,660,000	1,517,300	2,031,600	2,106,900	2,028,300	2,149,100	2,150,800	25,900	33,856	24,098	168,876	18,900	17,619	2,433,362	1,618,205	20,965	1,452,376	1,401,567	0	39,038	0	0	0	33,106	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	10,790,900	9,713,300	9,429,400	8,509,400	7,627,100	6,885,200	6,192,700	4,786,200	4,375,800	3,604,400	3,773,900	3,946,200	3,861,900	3,402,500	2,818,500	3,475,600	3,498,200	3,289,800	3,447,800	3,421,900	3,415,900	3,242,919	3,313,145	3,159,182	2,966,378	2,704,277	2,433,362	2,284,340	2,392,378	2,179,567	2,028,110	1,981,971	1,959,309	1,844,850	1,852,546	1,818,000	1,819,657	1,012,011	1,095,695	1,041,864	966,409	813,486	887,961	813,258	876,642	773,237	728,597	658,633	630,814	621,894	622,655	560,267	532,031	503,738	490,798	494,808	481,856	393,334	494,216	597,868	681,518	688,674	770,072	920,412	468,822	848,869	1,008,822	929,938	813,005	876,244	1,081,785	848,004	827,871	702,860	286,216	754,015	724,734	552,637	769,400	578,691	491,568	579,062	468,503	577,940	400,015	488,154	495,405	351,552	386,980	385,383	329,353	384,983	392,065	271,794	371,383	348,207	289,400	227,200	269,300	165,900	173,700	114,300	146,400	150,700	112,000	52,900	42,700	33,500	28,200	-	-	-	33,000	-	-	-
Short Term Debt	3,635,500	3,124,600	2,816,700	2,664,200	2,116,600	1,662,900	1,471,000	1,391,000	1,190,100	1,018,300	1,252,000	1,822,200	1,797,200	1,603,500	1,460,600	1,985,800	2,067,600	2,002,000	2,123,700	2,126,200	2,057,700	1,955,867	2,018,068	1,977,952	1,937,902	1,712,944	1,655,548	1,618,205	1,622,462	1,452,376	1,401,567	1,386,308	1,352,846	1,253,619	1,253,144	1,196,110	1,210,591	748,894	834,860	772,104	720,938	595,314	593,888	591,009	589,766	511,818	503,851	395,699	352,161	335,940	347,472	314,403	263,338	223,949	258,126	260,760	248,791	179,420	307,014	338,946	416,334	434,448	605,778	464,917	13,327	447,898	583,026	528,231	516,236	551,576	770,668	557,353	537,320	421,680	6,449	474,518	457,424	416,115	520,429	423,687	393,260	381,503	414,646	401,102	369,101	316,325	342,120	274,405	222,150	252,057	257,017	258,583	260,479	206,907	274,004	250,480	215,500	164,900	194,500	134,900	132,300	91,300	123,900	98,100	85,400	38,200	33,100	26,900	22,000	-	-	-	22,300	-	-	-
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,202	11,693	124,845	140,021	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Total Assets	19,632,500	18,269,800	17,682,700	16,421,400	15,006,600	14,074,500	13,007,700	12,080,800	11,146,900	10,204,600	10,092,500	8,251,600	7,902,100	6,395,700	5,539,000	6,014,100	6,083,900	5,737,500	5,774,600	5,692,000	5,384,000	5,174,569	5,164,162	5,086,983	4,683,066	4,371,593	3,976,495	3,801,964	3,844,150	3,563,606	3,322,070	3,267,618	3,227,299	3,059,829	3,004,855	2,924,385	2,880,932	1,904,903	1,940,127	1,844,276	1,725,121	1,539,178	1,572,516	1,459,703	1,492,702	1,366,537	1,283,575	1,198,727	1,146,133	1,115,215	1,101,201	1,020,790	971,676	955,089	909,292	921,500	895,100	857,221	938,212	1,048,285	1,133,459	1,194,862	1,391,619	1,626,735	1,626,735	1,561,528	1,747,102	1,608,986	1,579,357	1,528,879	1,739,989	1,485,038	1,452,714	1,305,791	1,429,355	1,305,567	1,256,904	1,220,768	1,273,146	1,122,685	1,102,782	1,039,636	1,048,834	992,521	942,049	889,751	880,760	740,812	662,944	657,379	639,729	630,433	628,003	558,813	593,611	565,956	506,400	415,600	446,900	291,500	294,400	224,900	251,800	208,000	166,500	101,300	87,200	77,600	63,800	-	-	-	39,200	-	-	-
Total Current Assets	6,955,200	5,818,200	5,494,000	5,147,700	4,630,900	4,686,800	4,161,800	3,884,600	3,533,300	3,075,500	3,870,800	3,288,900	3,337,600	2,750,400	2,430,100	2,925,800	3,070,500	2,929,900	3,031,500	3,027,900	2,991,400	2,825,734	2,893,329	2,971,440	2,782,782	2,511,268	2,323,768	2,233,496	2,287,194	2,032,698	1,940,803	1,899,409	1,878,865	1,738,037	1,710,547	1,634,799	1,615,509	1,165,785	1,212,904	1,167,550	1,081,549	935,198	971,343	891,040	933,209	837,496	766,126	694,266	648,191	604,164	607,175	561,417	508,544	489,403	449,385	444,634	418,063	442,898	522,013	611,028	696,552	779,533	895,633	778,538	778,538	727,993	934,046	780,117	779,640	807,306	1,032,394	822,275	804,248	667,943	807,031	697,504	662,875	657,031	728,142	632,374	636,937	596,774	628,600	593,680	555,778	513,913	529,382	434,883	380,409	395,115	397,808	388,229	396,522	356,291	394,305	379,703	334,600	276,200	312,400	201,300	204,200	153,500	182,800	149,300	119,900	68,100	64,400	58,600	49,100	-	-	-	32,800	-	-	-
Total Current Liabilities	4,932,200	4,375,300	4,048,200	3,948,000	3,178,200	2,826,600	2,614,400	2,825,100	2,402,800	2,181,800	2,595,800	2,610,900	2,479,700	2,212,400	2,026,400	2,431,500	2,569,100	2,483,400	2,605,300	2,585,200	2,493,500	2,363,210	2,412,211	2,503,925	2,300,981	2,074,762	1,957,652	1,939,866	1,921,994	1,735,179	1,663,706	1,643,703	1,590,825	1,502,269	1,493,102	1,433,241	1,442,600	929,770	1,003,986	940,428	872,511	746,040	734,677	728,797	721,304	642,491	623,805	508,507	456,584	436,483	444,708	409,948	345,869	323,597	335,225	344,823	321,177	349,964	462,875	504,109	597,028	667,817	783,018	585,091	585,091	571,371	742,905	639,590	629,939	655,590	870,478	668,861	648,400	511,852	648,443	557,770	536,698	503,123	600,649	508,502	476,871	463,666	491,428	465,730	429,470	380,658	405,598	329,996	275,575	305,850	301,118	301,203	297,605	245,654	310,554	286,656	259,600	200,800	227,500	154,900	150,600	107,600	138,800	110,100	96,000	45,100	37,600	32,100	28,900	-	-	-	25,000	-	-	-
Total Liab	13,349,600	12,203,000	11,880,000	10,939,600	9,755,500	9,046,300	8,269,900	7,138,200	6,483,700	5,626,800	5,864,100	5,444,000	5,240,600	4,701,300	4,006,800	4,557,600	4,616,200	4,378,300	4,499,900	4,441,500	4,186,800	3,969,427	4,003,294	3,959,878	3,599,848	3,340,217	2,988,668	2,851,798	2,933,374	2,697,516	2,504,609	2,452,941	2,399,135	2,272,116	2,252,553	2,216,548	2,207,827	1,280,990	1,348,276	1,287,439	1,190,399	1,032,049	1,096,365	1,011,900	1,064,601	957,053	898,582	817,048	779,012	766,832	757,365	691,923	651,459	640,606	603,819	613,022	588,062	593,466	680,589	796,695	885,116	938,875	1,133,265	1,118,523	1,118,523	1,046,519	1,240,281	1,111,207	1,085,964	1,038,060	1,257,338	1,014,714	993,081	855,867	998,020	886,179	850,958	825,880	891,048	755,990	743,856	691,428	714,610	667,598	622,056	578,448	580,903	451,995	459,447	460,855	450,326	447,112	446,228	383,075	425,600	404,446	350,800	277,200	317,100	196,700	202,900	137,000	167,400	168,600	128,600	65,400	52,900	44,600	39,100	-	-	-	37,600	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Total Stockholder Equity	6,282,900	6,066,800	5,802,700	5,481,800	5,251,100	5,028,200	4,737,800	4,942,600	4,663,200	4,577,800	4,228,400	2,807,600	2,661,500	1,694,400	1,532,200	1,456,500	1,467,700	1,359,200	1,274,700	1,250,500	1,197,200	1,205,142	1,160,868	1,127,105	1,083,218	1,031,376	987,827	950,166	910,776	866,090	817,461	814,677	828,164	787,713	752,302	707,837	673,105	623,913	591,851	556,837	534,722	507,129	476,151	447,803	428,101	409,484	384,993	381,679	367,121	348,383	343,836	328,867	320,217	314,483	305,473	308,478	307,038	263,755	257,623	251,590	248,343	255,987	258,354	508,212	508,212	515,009	506,821	497,779	493,393	490,819	482,651	470,324	459,633	449,924	431,335	419,388	405,946	394,888	382,098	366,695	358,926	348,208	334,224	324,923	319,993	311,303	299,857	288,817	203,497	196,524	189,403	183,321	181,775	175,738	168,011	161,510	155,600	138,400	129,800	94,800	91,500	87,900	84,400	39,400	37,900	35,900	34,300	33,000	24,700	-	-	-	900	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Warrants	0	0	43,000	40,900	40,700	40,500	39,800	34,900	34,000	33,300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Begin Period Cash Flow	246,700	178,500	162,500	84,000	31,600	57,300	50,282	45,008	29,898	23,686	42,839	20,851	9,306	12,776	10,874	21,665	26,600	48,566	28,869	74,408	15,932	18,814	38,789	30,364	20,900	18,500	15,400	9,700	7,000
Capital Expenditures	230,200	303,100	260,400	167,800	124,900	158,000	105,378	100,761	83,244	85,983	50,025	64,584	31,673	7,589	21,131	57,423	91,941	73,699	53,289	61,820	49,776	38,483	30,686	25,983	57,700	40,500	8,800	0	500
Cash And Cash Equivalents Changes	0	96,000	13,500	76,100	0	-25,700	6,971	5,274	15,110	6,212	-19,153	21,988	11,545	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	190,400	-414,400	-278,800	0	180,900	17,153	3,080	-24,585	31,182	901	4,194	13,111	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	694,700	93,000	16,000	76,200	52,400	-25,700	6,971	5,274	15,110	6,212	-19,153	21,988	11,545	-3,470	1,902	-10,791	-4,935	-21,966	19,697	-45,144	58,476	-2,882	21,066	8,425	9,500	31,300	17,000	10,800	-2,800
Change In Working Capital	-2,176,900	-2,209,200	414,300	-36,000	96,500	145,900	-157,009	-185,254	-183,998	-145,749	-106,685	-324,627	-76,628	-68,154	-22,081	63,338	-115,568	-27,414	2,047	7,223	33,416	2,324	18,434	4,057	-1,000	-5,700	12,700	-3,000	100
Change Receivables	0	-1,494,600	-147,100	-113,500	0	4,700	-57,360	-105,961	-13,047	59,474	37,370	33,704	22,503	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-1,045,500	-1,494,600	-147,100	-113,500	24,400	4,700	-57,360	-105,961	-13,047	-59,474	-37,370	-33,704	-22,503	-22,881	11,921	19,096	1,607	-8,137	-11,864	1,178	-695	-4,512	-1,007	0	0	0	0	0	0
Change To Inventory	-863,500	-923,000	674,600	228,800	-19,700	-108,900	-193,099	-168,847	-197,079	-76,002	-106,896	-230,442	-78,202	-68,305	119,693	79,173	-13,843	45,360	-59,311	-23,601	38,466	-107,126	64,200	1,814	-20,100	-17,600	-9,000	-6,800	1,400
Change To Liabilities	0	73,400	350,500	156,400	-1,800	69,200	76,297	86,474	50,713	-3,105	8,480	8,001	5,998	14,989	0	0	0	13,254	11,143	9,565	11,371	4,571	14,201	0	0	0	0	0	0
Change To Netincome	0	109,400	143,600	-13,400	49,100	32,700	2,926	25,343	33,608	1,853	6,565	115	1,376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-1,179,900	-191,600	-179,500	87,000	235,000	73,500	73,200	25,784	-6,519	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	195,800	228,100	166,300	121,300	82,400	75,400	57,722	49,369	41,600	26,363	20,035	17,314	16,948	17,586	18,821	17,732	21,342	17,468	14,498	13,143	10,295	7,813	9,275	7,605	5,600	3,500	2,500	1,800	1,900
Dividends Paid	52,800	45,200	38,800	29,100	27,600	27,700	26,544	24,131	19,985	15,929	10,085	12,066	6,822	3,919	9,444	9,444	11,018	10,184	7,698	5,634	2,575	0	0	0	0	0	0	6,400	6,100
End Period Cash Flow	941,400	271,500	178,500	160,200	84,000	31,600	57,253	50,282	45,008	29,898	23,686	42,839	20,851	9,306	12,776	10,874	21,665	26,600	48,566	29,264	74,408	15,932	59,855	38,789	30,400	49,800	32,400	20,500	4,200
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-1,066,300	-913,200	1,536,800	374,400	374,600	361,700	43,478	-14,244	-9,035	-55,664	-17,966	-277,060	-32,439	-28,919	-11,197	27,742	-141,152	-35,760	19,329	13,727	38,537	9,183	18,573	10,304	-35,300	-31,200	11,000	1,500	5,400
Investments	-1,552,800	-11,800	-10,300	1,300	-438,000	-62,700	-8,570	-30,280	-28,110	-6,228	91	946	121	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	31,000	36,100	1,136,200	790,400	11,000	10,100	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	2,229,900	1,472,500	485,700	14,100	253,500	309,524	1,244,343	14,889	1,435,144	800,000	592,623	56,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	1,000,800	1,261,600	1,062,700	470,300	271,500	265,700	245,217	197,058	182,999	138,720	106,000	80,362	58,860	13,719	9,151	-252,586	21,549	37,304	49,800	42,671	35,547	32,316	21,754	24,313	19,200	10,800	6,000	4,000	3,400
Other Cashflows From Financing Activities	5,729,600	13,286,700	3,976,300	2,420,700	3,583,900	2,752,300	2,353,774	1,568,091	1,478,485	2,006,573	939,350	989,535	142,044	111,573	140,366	368	269,063	245,495	33,447	6,071	76,531	-6,168	31,181	49,883	27,000	-11,300	13,100	-7,000	3,200
Other Cashflows From Investing Activities	0	-1,014,900	-2,619,700	-1,439,300	-12,500	-336,400	-424,250	-220,652	-58,379	-644,121	-80,388	-35,359	-7,870	11,314	42,221	62,314	24,624	4,427	18,348	4,699	0	0	13,142	0	0	0	0	0	0
Other Non Cash Items	44,700	-26,900	76,100	-53,800	-7,200	-13,600	-5,548	4,159	9,396	-9,806	-8,333	-2,813	-10,040	15,231	-3,638	359,989	5,632	735	497	131	-1,365	81	-328	116	300	100	-1,500	-900	500
Sale Purchase Of Stock	-48,900	-688,300	-230,700	-50,600	-3,200	-148,900	-33,753	-112,939	-31,548	-22,968	-7,903	-23,279	-13,568	-1,626	-1	-2	-5,247	-4,720	-10	-13	-215	-4,366	0	-481	0	0	0	0	0
Stock Based Compensation	40,800	41,100	34,700	23,200	16,200	13,300	11,272	11,047	11,871	7,436	6,565	3,116	2,001	2,419	2,054	1,725	3,384	3,534	490	240	185	169	221	0	0	0	-200	500	0
Total Cash From Financing Activities	2,773,500	2,035,900	1,106,700	1,139,700	-9,100	11,700	396,313	270,451	110,634	712,225	79,110	333,461	51,733	37,826	-29,122	-100,242	124,908	114,872	33,733	7,507	78,543	71,731	33,034	51,615	27,800	31,300	17,000	10,800	-2,800
Total Cash From Operating Activities	-836,100	-610,100	1,797,200	542,200	499,500	519,700	148,856	86,517	74,209	30,319	32,059	-212,476	-766	-21,330	9,934	85,165	-49,211	37,939	72,618	75,547	88,313	47,666	49,259	36,287	22,400	9,300	19,800	1,500	5,900
Total Cashflows From Investing Activities	0	-1,329,800	-2,890,400	-1,605,800	-463,000	-557,100	-538,198	-351,693	-169,733	-736,332	-130,322	-98,997	-39,422	0	21,090	4,286	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31
Begin Period Cash Flow	256,200	229,200	324,700	271,500	240,300	116,900	165,200	178,500	137,800	780,900	170,300	160,200	57,100	120,300	56,600	84,000	27,100	44,700	45,000	31,600	31,432	29,991	68,985	57,253	38,577	31,177	31,440	50,282	24,116	15,044	21,559	45,008	32,707	23,394	21,023	29,898	21,666	28,203	22,340	23,686	16,093	20,257	15,006	42,839	19,757	16,247	8,965	20,851	15,936	11,738	13,118	9,306	15,301	15,379	11,421	12,776	4,382	17,009	9,104	10,874	17,621	21,352	27,855	15,749	15,749	32,903	21,023	26,600	41,329	23,435	33,425	48,566	41,687	29,842	19,562	29,264	39,129	9,971	39,813	74,408	50,231	55,010	29,593	15,932	63,518	64,339	50,877	59,855	43,508	40,646	28,315	38,789	52,520	29,432	34,233	30,364	26,300	39,400	14,900	20,900	0	31,900	49,000	18,500	0	1,000	24,700	15,400
Capital Expenditures	66,500	66,600	58,200	38,900	93,300	73,200	75,900	60,700	66,300	81,100	63,000	50,000	42,200	47,300	36,700	41,600	33,000	34,100	28,700	29,100	44,614	41,013	30,369	42,004	33,204	39,908	16,227	16,039	19,398	38,116	27,347	15,900	21,085	14,151	23,091	24,917	31,834	18,919	22,600	12,630	16,222	11,696	15,522	6,585	29,618	12,273	14,234	8,459	8,677	15,141	5,522	2,333	3,900	1,807	1,093	789	1,765	4,510	5,811	9,045	12,007	13,305	19,985	21,479	21,479	19,857	22,960	27,645	23,082	18,480	17,392	14,745	8,606	18,117	11,328	15,238	16,766	16,715	13,097	15,242	27,466	4,928	10,523	6,859	9,392	6,727	15,098	7,266	12,421	4,826	4,377	9,062	4,866	114	11,286	9,717	14,500	12,300	27,900	3,000	37,700	25,600	12,000	16,400	3,800	900	300	3,800
Cash And Cash Equivalents Changes	0	0	-97,400	47,000	30,800	126,400	-46,200	-15,000	36,700	-643,900	610,600	10,100	103,000	-63,200	63,700	-27,400	0	-17,600	-300	13,400	121	1,441	-38,994	11,732	18,676	7,400	-263	-18,842	26,166	9,072	-6,515	-23,449	12,301	9,313	2,371	-8,875	8,232	-6,537	5,863	-1,346	7,593	-4,164	5,251	-27,833	23,082	3,510	7,282	-11,886	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	30,100	68,700	1,084,200	-341,700	-332,800	-219,300	-191,900	-183,000	-92,900	53,400	-158,600	21,100	-101,800	-39,500	0	9,300	52,500	43,600	160,820	-15,564	3,301	32,343	-10,180	25,524	3,156	-1,347	-19,669	8,376	11,325	3,048	-24,850	-3,550	1,737	2,078	43,750	-6,985	-3,923	-1,660	6,365	516	-223	-5,757	7,363	1,511	612	-5,292	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	685,200	57,500	-95,500	-49,000	31,200	123,400	-48,300	-13,300	40,700	-643,100	610,600	10,100	103,100	-63,200	63,700	-27,400	56,900	-17,600	-300	13,400	168	1,441	-38,994	11,732	18,676	7,400	-263	-18,842	26,166	9,072	-6,515	-23,449	12,301	9,313	2,371	-8,875	8,232	-6,537	5,863	-1,346	7,593	-4,164	5,251	-27,833	23,082	3,510	7,282	-11,886	4,915	4,198	-1,380	3,812	-5,995	-78	3,958	-1,355	8,394	-12,627	7,905	-1,770	-6,747	-3,731	-6,503	5,916	5,916	-17,154	11,880	-5,577	-14,729	17,894	-9,990	-15,141	6,879	11,845	10,280	-9,702	-9,865	29,158	-29,842	-34,595	24,177	-4,779	25,417	13,661	-47,586	-821	13,462	-8,978	16,347	2,862	12,331	-10,474	-13,731	23,088	-4,801	3,869	4,100	-13,100	39,100	-6,000	8,600	-39,700	31,900	30,500	14,000	-7,300	1,000	9,300
Change In Working Capital	-661,900	-109,500	-642,800	-367,500	-442,400	-663,900	-715,200	-387,700	-597,900	336,800	389,900	285,500	-456,600	-189,900	570,300	40,200	-49,900	76,100	78,600	-8,300	41,501	23,948	106,730	-26,279	-204,722	4,387	-17,401	60,727	-173,782	46,702	-32,783	-25,391	-120,909	23,667	-71,960	-14,796	-120,290	47,469	-22,722	-50,206	-119,196	43,345	-55,837	25,003	-67,601	-59,317	-137,643	-60,066	-21,935	-1,869	-28,123	-24,701	-14,920	-26,761	-13,290	-13,183	-71,859	-12,989	48,579	14,188	6,893	58,304	15,521	-23,813	36,825	22,939	-35,946	-78,748	-17,084	38,924	-24,667	-24,587	4,027	24,236	-19,349	-6,867	10,636	3,437	-7,641	791	-5,077	3,389	23,110	11,994	18	-3,144	838	4,612	2,093	8,069	4,465	3,807	2,463	-2,760	4,770	-416	100	-5,700	-1,300	5,900	-4,700	29,500	-9,900	-20,600	11,500	8,200	2,200	-9,200
Change Receivables	0	0	-314,300	-373,100	-1,440,600	22,400	4,000	-80,400	-62,100	100,000	-58,300	-126,700	-102,200	-65,100	-148,300	202,100	0	29,600	-9,800	49,900	-58,719	15,504	5,287	42,628	-44,015	-84,253	-5,215	76,123	-100,050	-12,475	-19,000	25,564	-22,732	17,255	-1	-7,569	70,810	9,373	-32,968	12,259	30,433	-3,747	9,724	960	4,544	10,855	6,672	11,633	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-27,900	-904,200	-708,500	-373,000	-1,440,600	22,400	4,000	-80,400	-62,100	100,000	-58,300	-126,700	-102,200	-65,100	-148,300	202,100	-45,300	29,600	-9,800	49,900	-58,719	15,504	5,287	42,628	-44,015	-84,253	-5,215	76,123	-100,050	-12,475	-19,000	25,564	-22,732	2,115	1	7,569	-48,138	9,373	-8,450	-12,259	-30,433	3,747	-9,724	-960	-4,544	-10,855	-6,672	-11,633	-15,326	-598	-1,931	-4,648	-11,836	-5,048	-1,519	-4,478	11,921	19,932	13,644	5,374	19,096	29,610	15,731	1,607	9,344	6,223	0	-5,265	-8,137	6,643	0	1,883	-11,864	0	0	-355	1,178	0	2,934	-391	-695	0	0	2,314	-4,512	0	0	-939	-1,007	59	55	0	0	0	0	-2,611	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-365,300	-148,000	-293,300	-56,900	-70,600	-345,400	-262,100	-244,900	-328,600	340,100	418,500	244,600	-228,200	-167,700	694,500	-69,800	-15,600	58,900	18,400	-81,400	-94,434	21,064	63,332	-98,862	-177,001	19,980	6,220	-42,298	-83,283	28,488	-40,308	-73,744	-64,672	-9,747	-83,200	-39,460	-31,653	32,951	-20,552	-56,748	-88,709	30,712	-56,789	7,890	-72,256	-48,594	-47,479	-62,113	-24,813	7,109	-18,729	-41,769	-12,946	-26,363	-4,666	-24,330	-47,852	53,461	81,067	33,017	12,526	140,049	-33,071	-46,041	-46,041	133,680	-117,867	16,385	68,218	227,161	-203,464	-46,555	-97,413	142,441	-86,064	-18,275	-22,831	109,868	-91,188	-19,450	928	28,504	16,289	-7,255	-43,864	17,595	-40,679	-40,178	40,962	17,202	3,176	2,860	-17,164	60,612	-18,206	-23,428	-36,400	30,000	-17,900	4,200	-11,600	22,400	-9,200	-19,200	-15,000	7,200	4,500	-5,700
Change To Liabilities	0	2,700	-49,200	16,100	2,400	19,100	-108,600	160,500	-3,300	-200	49,600	122,400	61,300	21,800	125,900	-52,600	-1,900	-21,700	17,500	-20,400	33,834	2,944	34,810	-2,388	26,474	43,136	-21,562	28,249	29,220	22,313	15,200	19,741	-8,655	50,514	2,055	6,799	-45,899	12,130	28,890	1,774	3,632	2,770	2,488	-410	2,620	-1,908	5,740	1,549	17,603	13,649	12,436	12,979	14,989	17,348	9,761	14,797	0	4,249	0	1,395	0	0	0	0	0	1,033	9,185	0	13,254	14,941	11,457	6,758	11,143	11,914	8,633	0	9,565	13,735	7,213	3,228	11,371	21,712	14,822	3,412	4,571	8,240	8,337	1,324	14,201	14,233	0	3,084	0	3,327	1,440	1,066	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	7,200	25,500	17,000	31,600	18,800	31,400	27,600	65,500	36,100	33,700	19,700	-43,400	18,700	-2,000	13,300	6,400	26,900	6,500	9,300	18,965	6,251	1,247	6,237	-12,486	10,880	2,051	2,481	6,191	10,432	669	8,051	29,408	-6,060	6,130	4,130	3,671	3,823	-7,179	1,538	2,404	1,558	1,463	1,140	0	0	0	115	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	33,800	33,800	33,800	-310,200	-317,600	-463,700	-88,400	-188,400	-103,100	-19,900	119,800	-129,400	18,200	9,200	-77,500	12,900	-9,000	60,100	29,600	183,199	-13,336	42,115	23,022	73,500	56,677	-26,437	-3,776	73,200	-1,025	10,349	0	25,784	0	0	0	-6,519	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	49,400	72,200	66,500	65,300	68,400	60,200	60,300	39,200	47,800	44,900	38,600	35,000	54,000	23,000	22,300	22,000	21,500	20,900	20,200	19,800	20,076	19,649	18,821	16,854	16,124	14,828	14,031	12,739	12,997	12,206	12,503	11,663	11,056	10,531	10,287	9,726	8,964	6,067	5,825	5,507	5,316	5,099	4,899	4,721	4,441	4,413	4,261	4,199	4,195	4,247	4,313	4,193	4,189	4,238	4,406	4,753	6,369	4,003	4,121	4,328	1,141	5,703	5,066	6,035	6,035	5,340	5,014	4,953	4,799	4,411	4,212	4,046	3,871	3,678	3,461	3,488	3,846	3,240	3,103	2,954	2,889	2,681	2,438	2,287	2,206	2,044	1,895	1,668	2,462	2,372	2,226	2,215	2,066	1,932	1,887	1,720	1,600	1,600	1,300	1,100	1,100	900	800	700	800	700	500	500
Dividends Paid	13,700	13,700	13,900	11,500	11,400	11,600	11,900	10,300	10,600	10,700	9,300	8,200	8,200	7,100	6,800	7,000	6,900	7,000	7,000	6,700	6,785	6,977	7,179	6,759	6,741	6,751	6,760	6,292	6,308	6,299	6,373	5,151	5,246	5,257	5,266	4,216	4,198	4,174	4,179	3,378	3,366	3,363	3,356	118,953	5,123	2,545	2,584	1,814	1,816	1,838	1,852	1,316	1,312	1,307	1,300	46,508	0	0	0	38,216	1,025	2,836	2,807	2,762	2,762	2,761	2,750	2,745	2,738	2,755	2,353	2,338	2,322	2,312	1,536	1,528	1,512	1,505	1,313	1,304	1,292	1,283	0	0	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	941,400	286,700	229,200	222,500	271,500	240,300	116,900	165,200	178,500	137,800	780,900	170,300	160,200	57,100	120,300	56,600	84,000	27,100	44,700	45,000	31,600	31,432	29,991	68,985	57,253	38,577	31,177	31,440	50,282	24,116	15,044	21,559	45,008	32,707	23,394	21,023	29,898	21,666	28,203	22,340	23,686	16,093	20,257	15,006	42,839	19,757	16,247	8,965	20,851	15,936	11,738	13,118	9,306	15,301	15,379	11,421	12,776	4,382	17,009	9,104	10,874	17,621	21,352	21,665	21,665	15,749	32,903	21,023	26,600	41,329	23,435	33,425	48,566	41,687	29,842	19,562	29,264	39,129	9,971	39,813	74,408	50,231	55,010	29,593	15,932	63,518	64,339	50,877	59,855	43,508	40,646	28,315	38,789	52,520	29,432	34,233	30,400	26,300	39,100	14,900	8,600	-39,700	31,900	49,000	14,000	-7,300	1,000	24,700
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-433,400	54,900	-307,900	-87,900	-185,900	-327,600	-365,300	-34,400	-258,300	644,600	704,100	446,400	-300,600	-36,700	631,600	80,100	13,000	175,000	138,500	48,100	95,800	101,942	157,089	6,869	-144,884	42,073	35,654	110,635	-122,672	85,265	4,470	18,693	-53,798	63,441	-31,990	13,312	-89,217	72,977	-4,407	-35,017	-96,837	76,529	-40,830	43,172	-65,759	-36,566	-125,289	-49,446	-12,870	5,522	-11,518	-13,573	-8,470	-11,809	2,598	-11,238	-65,314	-5,343	52,779	6,681	-8,887	53,404	4,663	-39,543	-39,543	21,971	-38,017	-85,563	-25,989	37,205	-22,457	-24,519	12,306	27,413	-13,755	-6,635	13,708	7,172	-5,194	-1,959	-14,267	16,918	22,625	13,261	3,230	4,456	-5,961	7,458	-2,519	13,832	7,624	-364	5,857	6,535	-1,036	-1,052	-7,200	-10,400	-24,900	7,200	-37,400	59,900	-18,900	-34,800	11,000	7,700	3,500	-11,200
Investments	-30,000	-240,100	-586,300	-11,100	-2,500	-234,600	500	-9,800	-500	-742,000	-300	-9,600	11,200	-200	-400	-9,300	-238,300	-89,900	-100	-6,600	-574	-55,060	533	-7,599	-641	-181	-885	-6,863	-8,001	-5,589	-5,241	-11,449	-7,417	-5,471	-5,418	-9,804	-9,110	2,882	0	0	3	27	-258	319	867	29	25	25	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,700	8,100	8,800	6,100	8,000	9,400	10,900	7,800	8,300	7,900	1,115,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	170,700	718,100	369,500	148,400	552,400	1,247,700	281,400	655,000	-624,500	125,800	60,900	177,800	361,300	-125,200	71,800	219,700	-23,800	15,800	-55,000	87,569	4,833	-146,100	307,198	44,989	270,406	-236,871	231,000	402,720	821,240	30,773	-10,390	20,928	-563,433	286,371	271,023	598,988	258,156	345,000	233,000	301,000	141,000	240,000	118,000	227,000	188,000	172,623	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
Net Income	213,500	264,900	301,100	229,600	249,800	330,500	337,600	343,700	292,600	309,000	304,900	156,200	187,600	158,800	77,700	46,200	68,000	85,200	61,900	56,400	59,872	93,107	60,660	52,061	89,404	51,886	53,200	50,727	51,319	54,041	51,428	40,270	47,732	43,391	51,223	40,653	41,140	34,537	38,309	24,734	27,372	31,018	25,555	22,055	19,832	23,243	20,491	16,796	18,766	16,563	14,826	8,705	4,379	9,792	-1,719	1,267	-1,554	5,713	3,663	1,329	-4,278	-2,363	-243,784	-4,706	-4,706	11,237	7,943	7,075	5,529	10,800	11,667	9,308	9,503	17,632	12,675	9,990	9,882	14,470	10,840	7,479	9,982	12,881	8,519	4,165	7,261	10,729	7,935	6,391	6,132	7,696	5,071	2,855	5,632	7,523	6,194	4,964	5,700	5,900	4,600	3,000	3,400	3,700	2,200	1,500	1,900	1,600	1,400	1,100
Other Cashflows From Financing Activities	10,072,800	14,045,000	1,493,100	541,800	3,355,500	3,619,500	3,827,100	2,484,600	1,528,600	-300	-10,500	77,800	-7,100	1,268,700	77,400	446,800	1,473,800	-200	760,800	613,500	665,214	586,870	559,221	940,995	622,330	916,003	556,563	258,878	605,447	399,935	294,501	268,208	483,343	337,773	331,263	326,106	1,057,352	246,861	411,731	290,629	38	548	2,471	240,843	332,054	209,519	394,743	53,219	16,908	18,405	67,448	39,283	9,857	51,121	3,116	92,687	36,679	33,723	22,381	76,355	366	-86,051	-9,878	93,358	-2	71	48,690	185,954	182,568	-17,009	39,459	7,096	7,715	-13,159	26,672	12,210	-14,599	29,624	9,630	-18,571	45,984	-258	19,889	9,633	-3,133	23,934	38,403	-69,738	25,373	9,488	1,563	-5,243	5,123	21,492	-28	23,066	7,500	-13,300	39,000	-6,200	8,500	-39,500	-10,700	30,400	14,000	-7,300	1,000	5,400
Other Cashflows From Investing Activities	0	-1,076,600	-903,100	-363,900	-216,700	-161,400	-350,000	-286,800	-260,500	-661,000	-1,708,100	-383,200	-846,500	-513,700	-11,700	-67,400	12,500	-55,800	-45,700	400	2,689	32,933	-48,123	-323,899	-39,436	-299,609	-85,604	399	-34,810	-179,069	-4,888	-1,885	-36,654	-34,749	9,241	3,783	-573,038	1,133	-37,024	-35,192	-46,568	112	-31,731	-2,201	-11,001	-17,483	-8,817	1,942	52,736	16,931	10,841	2,072	11,314	10,882	3,541	2,565	42,221	35,585	27,653	17,193	62,314	32,042	1,386	1,118	24,624	24,493	6,856	3,748	4,427	4,293	4,228	2,505	18,348	6,884	6,835	187	4,699	0	0	0	0	0	0	0	0	0	0	0	13,142	5,032	8,230	1,670	0	0	4,872	1,155	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	10,200	-132,300	-2,300	-302,200	-9,500	-36,700	10,000	9,300	38,900	32,800	3,100	1,300	-59,800	-200	6,200	62,200	1,400	-9,400	200	600	1,887	-15,789	327	-25	-5,166	-638	-23	279	3,454	3,707	2,357	-5,359	5,820	4,056	3,464	-3,944	1,791	143	-5,914	-5,826	-2,484	-474	-2,419	-2,956	-921	2	-272	-1,622	-10,302	-195	-9	466	334	53	13,307	1,537	-1,596	3,180	686	-5,908	-7,638	-62,786	357,979	-710	2,727	-3,360	5,201	-93	-1,790	1,081	1,085	-323	-291	-463	1,086	90	-240	496	187	-353	-727	357	-1,095	60	-21	156	94	-189	-622	222	28	44	-56	39	-14	127	200	100	0	-100	-200	200	-200	300	500	-1,900	-300	-400
Sale Purchase Of Stock	-34,400	-6,845,100	-100	-14,400	-43,900	-21,000	-562,500	-60,900	-214,800	187,600	2,193,100	-15,900	634,900	-100	-2,300	-48,200	-100	736,000	2,800	-3,100	-67,278	-47,695	-25,654	-8,273	-2,232	-6,608	-15,725	-9,188	-4,342	-3,739	-47,122	-57,736	-7,350	-7,425	-6,430	-10,343	-11,223	-1,539	-2,265	-7,941	426,951	137,695	249,757	-7,903	-2,673	1	-17,954	-2,653	-2,132	-11,294	-1	-141	-807	-803	0	-16	0	0	0	-1	-2	0	0	-16	-16	-1,876	0	-3,355	-2,717	0	0	-1	-1	0	0	0	-13	0	0	0	0	0	0	-215	0	0	0	0	0	0	0	-38	-38	-213	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	10,400	11,100	10,200	9,100	9,400	8,600	12,600	10,500	9,100	8,400	9,200	8,000	6,000	7,200	4,900	5,100	4,400	4,400	3,900	3,500	3,524	2,939	3,263	3,574	2,876	2,964	2,813	2,619	2,382	2,647	2,869	3,149	3,292	2,757	3,095	2,727	2,382	1,795	1,721	1,538	2,404	1,558	1,463	1,140	787	817	936	576	315	652	543	491	969	502	507	441	470	462	558	564	1,725	66,928	5,096	3,384	0	3,519	327	748	3,534	33	0	649	490	0	0	75	240	0	0	41	185	0	0	40	169	0	0	41	221	0	0	0	0	0	0	20	0	0	0	100	0	0	100	-100	-100	0	0	-100
Total Cash From Financing Activities	1,054,500	178,500	738,600	509,900	435,900	615,400	668,600	316,000	556,000	-627,600	1,221,800	-43,500	1,238,900	487,400	-555,800	-30,800	249,200	-136,800	-93,000	-28,500	-97,794	-78,374	-148,493	336,361	203,637	265,117	50,572	-123,013	191,650	108,465	-856	-28,808	110,170	-13,908	30,538	-16,166	679,597	-83,529	47,294	68,863	150,995	-80,832	78,070	-69,123	98,975	57,530	141,363	35,593	-15,955	-2,296	54,671	15,313	2,043	27,590	875	7,318	67,072	-15,216	-55,334	-25,644	-28,132	-87,791	-11,428	45,328	45,328	-56,765	47,648	88,697	87,460	-18,220	38,759	6,873	7,267	-13,674	26,859	13,281	-14,577	29,567	9,773	-17,256	46,037	1,066	20,983	10,457	-1,935	14,310	51,105	8,251	25,902	9,586	2,407	-4,861	5,505	21,666	490	23,954	7,800	-13,100	39,100	-6,000	8,600	-39,700	31,900	30,500	14,000	-7,300	1,000	9,300
Total Cash From Operating Activities	-366,900	121,500	-249,700	-49,000	-92,600	-254,400	-289,400	26,300	-192,000	725,700	767,100	496,400	-258,400	10,600	668,300	121,700	46,000	209,100	167,200	77,200	140,414	142,955	187,458	48,873	-111,680	81,981	51,881	126,674	-103,274	123,381	31,817	34,593	-32,713	77,592	-8,899	38,229	-57,383	91,896	18,193	-22,387	-80,615	88,225	-25,308	49,757	-36,141	-24,293	-111,055	-40,987	-4,193	20,663	-5,996	-11,240	-4,570	-10,002	3,691	-10,449	-63,549	-833	58,590	15,726	3,120	66,709	24,648	-18,064	-18,064	41,828	-15,057	-57,918	-2,907	55,685	-5,065	-9,774	20,912	45,530	-2,427	8,603	30,474	23,887	7,903	13,283	13,199	21,846	33,148	20,120	12,622	11,183	9,137	14,724	9,902	18,658	12,001	8,698	10,723	6,649	10,250	8,665	7,300	1,900	3,000	10,200	300	34,300	-6,900	-18,400	14,800	8,600	3,800	-7,400
Total Cashflows From Investing Activities	0	-1,240,300	-1,000,200	-413,900	-312,500	-234,600	-425,400	-357,300	-327,300	-742,000	-1,378,300	-442,800	-877,500	-561,200	-48,800	-118,300	-238,300	-89,900	-74,500	-35,300	-42,499	-63,140	-77,959	-373,502	-73,281	-339,698	-102,716	-22,503	-62,209	-222,774	-37,476	-29,234	-65,156	-54,371	-19,268	-30,938	-613,982	-14,904	-59,624	-47,822	-62,787	-11,557	-47,511	-8,467	-39,752	-29,727	-23,026	-6,492	0	0	0	0	0	0	1,168	1,776	21,090	16,219	12,797	8,148	4,286	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31
Cost Of Revenue	26,009,200	23,079,100	18,572,700	10,898,700	10,719,000	10,044,400	8,570,424	7,376,842	6,688,618	4,567,004	3,374,796	2,777,187	2,241,822	1,750,168	1,419,696	1,767,760	2,674,349	2,634,417	2,430,977	2,285,851	2,110,393	2,002,157	1,566,713	1,391,042	1,043,400	599,400	265,100	116,800	91,200
Depreciation And Amortization	195,800	120,000	76,600	188,100	98,800	75,400	57,722	49,369	41,600	26,363	20,035	17,314	16,948	17,586	18,248	17,732	21,342	17,468	14,498	13,143	10,295	7,813	9,275	7,605	5,600	3,500	2,500	1,800	1,900
Discontinued Operations	0	0	0	0	0	0	0	0	0	3,180	786	967	3,093	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	1,742,300	1,941,100	1,667,900	697,100	495,000	457,100	421,181	346,253	321,853	236,951	186,511	151,009	113,367	63,241	41,126	29,456	92,639	113,879	118,039	98,367	81,178	71,536	58,568	63,748	47,200	25,700	10,800	2,600	3,200
Ebitda	1,938,100	2,061,100	1,744,500	885,200	593,800	532,500	478,903	395,622	363,453	263,314	206,546	168,323	130,315	80,827	59,374	47,188	113,981	131,347	132,537	111,510	91,473	79,349	67,843	71,353	52,800	29,200	13,300	4,400	5,100
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
Extraordinary Items	0	0	0	0	0	15,800	-32,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	5,033,100	5,152,400	4,259,000	2,225,600	1,953,700	1,777,000	1,516,086	1,301,315	1,175,634	823,322	630,953	539,300	457,538	381,430	329,619	370,044	544,652	538,477	504,442	459,936	403,109	374,803	306,475	267,569	199,300	115,300	54,700	26,000	23,000
Income Before Tax	1,362,300	1,730,000	1,484,800	648,500	375,400	337,500	347,069	283,523	262,704	210,495	165,788	128,457	89,175	23,193	10,703	-290,851	43,393	65,706	85,751	69,451	59,198	52,766	35,429	39,535	32,100	17,800	9,500	3,200	5,600
Income Tax Expense	350,600	468,400	422,100	178,200	103,900	71,800	101,852	86,465	79,705	74,955	60,574	49,062	33,408	9,093	4,639	-91,703	17,409	25,369	33,958	26,878	23,561	20,450	13,675	15,222	12,900	7,000	3,500	-800	1,000
Interest Expense	352,100	167,900	130,500	107,500	133,400	118,300	74,112	48,738	39,025	24,603	20,723	22,437	23,512	25,169	24,941	20,398	30,879	34,636	22,614	16,702	13,997	11,289	14,497	0	957	0	0	0	0
Interest Income	0	207,100	130,500	107,500	133,400	118,300	74,112	48,738	39,025	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-10,500	-10,600	-2,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	1,000,800	1,251,000	1,060,100	470,300	271,500	265,700	245,217	197,058	182,999	138,720	106,000	80,362	58,860	13,719	9,151	-252,586	21,549	37,304	49,800	42,671	35,547	32,316	21,754	24,313	19,200	10,800	6,000	4,000	3,400
Net Income Applicable To Common Shares	0	1,251,000	1,060,100	470,300	271,500	265,700	245,217	197,058	182,999	138,720	106,000	80,362	58,860	14,100	6,064	0	25,984	40,337	55,620	42,573	35,637	32,316	21,754	24,313	0	0	0	0	0
Net Income From Continuing Ops	1,045,400	1,261,600	1,062,700	470,300	271,500	265,700	245,217	197,058	342,409	135,540	105,214	79,395	55,767	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-299,900	-167,900	-130,500	-107,500	-133,400	-118,300	-74,112	-48,738	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	-43,200	-52,600	58,900	0	8,800	12,195	-6,103	-1,006	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	1,900	7,900	0	1,300	0	13,992	-20,124	-1,853	0	-115	-1,376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	1,742,300	1,941,100	1,667,900	697,100	495,000	447,000	408,986	338,364	302,735	231,899	183,518	148,369	111,991	47,940	34,150	-259,776	93,427	114,837	119,217	96,847	80,227	70,853	58,158	64,464	47,300	26,600	11,600	3,900	4,400
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	29,300,000	26,290,400	21,161,900	12,419,300	12,175,200	11,373,100	9,677,524	8,325,801	7,541,393	5,156,574	3,822,231	3,168,003	2,585,993	2,068,357	1,708,189	2,397,580	3,125,574	3,058,057	2,816,202	2,648,940	2,433,275	2,306,107	1,815,030	1,594,147	1,195,400	688,100	308,200	138,900	109,800
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
Reconciled Depreciation	272,400	163,200	127,300	121,300	82,400	75,400	57,722	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	248,200	253,600	162,200	97,400	111,900	108,700	93,312	81,363	69,599	46,652	39,598	31,913	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	3,080,700	2,856,500	2,302,000	1,349,100	1,373,800	1,253,300	956,066	899,590	741,576	516,555	387,802	341,775	327,545	300,612	270,245	316,183	430,343	406,569	370,991	349,946	313,289	296,137	239,042	195,500	146,400	85,200	40,600	0	0
Tax Provision	373,300	468,400	422,100	178,200	103,900	71,800	101,852	86,465	79,705	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	3,290,800	3,211,300	2,589,200	1,520,600	1,456,200	1,328,700	1,107,100	948,959	852,775	589,570	447,435	390,816	344,171	318,189	288,493	629,820	451,225	423,640	385,225	363,089	322,882	303,950	248,317	203,105	152,000	88,700	43,100	22,100	18,600
Total Other Income Expense Net	-380,000	-211,100	-183,100	-48,600	-119,600	7,500	12,195	-20,095	-21,130	1,346	2,993	2,410	-680	-14,879	-5,482	-289,232	788	958	1,178	-1,520	-951	-683	-410	716	100	900	800	1,300	1,200
Total Revenue	31,042,300	28,231,500	22,831,700	13,124,300	12,672,700	11,821,400	10,086,510	8,678,157	7,864,252	5,390,326	4,005,749	3,316,487	2,699,360	2,131,598	1,749,315	2,137,804	3,219,001	3,172,894	2,935,419	2,745,787	2,513,502	2,376,960	1,873,188	1,658,611	1,242,700	714,700	319,800	142,800	114,200

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31
Cost Of Revenue	6,463,000	6,905,700	6,726,400	5,762,300	5,781,000	5,981,500	5,889,400	5,427,200	5,065,700	4,980,700	4,898,800	3,627,500	3,293,100	2,968,600	2,294,200	2,342,900	2,770,400	2,821,500	2,728,100	2,399,000	2,531,300	2,625,713	2,635,810	2,251,568	2,306,889	2,291,319	2,091,765	1,894,449	1,957,154	1,932,706	1,811,303	1,675,679	1,699,859	1,773,658	1,699,298	1,515,803	1,532,186	1,099,271	1,029,502	906,045	865,581	903,901	848,672	756,642	715,566	744,149	708,934	631,023	573,767	614,230	569,332	498,063	460,753	477,743	438,358	376,763	426,988	372,367	324,062	319,620	328,741	468,844	554,351	583,456	583,456	715,016	736,797	660,665	581,641	733,116	702,256	617,404	520,189	726,555	633,130	551,533	556,581	631,327	566,328	531,615	446,497	611,280	561,572	492,142	486,931	583,039	491,436	440,751	437,169	391,450	386,840	351,254	335,490	372,146	350,667	332,739	295,400	300,100	259,000	188,900	165,500	164,200	146,500	123,300	93,900	70,700	55,200	45,300	-	-	-	-	-	-	-	-
Depreciation And Amortization	49,400	50,800	48,400	49,300	42,100	53,100	38,400	31,200	35,800	34,400	30,300	26,800	54,000	23,000	22,300	22,000	21,500	20,900	20,200	19,800	20,076	19,649	18,821	16,854	16,124	14,828	14,031	12,739	12,997	12,206	12,503	11,663	11,056	10,531	10,287	9,726	8,964	6,067	5,825	5,507	5,316	5,099	4,899	4,721	4,441	4,413	4,261	4,199	4,195	4,247	4,313	4,193	4,189	4,238	4,406	4,753	6,369	3,923	4,121	4,328	1,141	5,703	5,066	6,035	6,035	5,340	5,014	4,953	4,799	4,411	4,212	4,046	3,871	3,678	3,461	3,488	3,846	3,240	3,103	2,954	2,889	2,681	2,438	2,287	2,206	2,044	1,895	1,668	2,462	2,372	2,226	2,215	2,066	1,932	1,887	1,720	1,600	1,600	1,300	1,100	1,100	900	800	700	800	700	500	500	-	-	-	-	-	-	-	-
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	1	0	3,139	40	212	127	274	173	1,063	-96	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	358,200	460,000	485,600	379,000	399,900	523,100	528,300	512,800	465,700	455,700	453,900	241,700	285,700	241,800	141,100	95,200	129,700	150,100	119,900	111,700	111,924	139,955	110,215	95,137	113,781	107,077	104,337	95,986	83,446	95,408	92,512	74,887	82,173	76,621	91,396	71,663	66,105	61,173	62,158	45,662	46,334	52,555	46,235	41,387	38,212	43,463	37,761	32,082	30,796	31,875	30,478	21,000	13,358	23,238	16,528	9,982	6,475	17,418	11,917	5,816	3,956	9,915	8,713	6,342	6,661	31,871	31,050	23,853	23,091	33,035	32,162	25,591	26,004	38,294	29,786	23,833	23,840	31,466	24,643	18,432	21,803	26,865	20,254	12,256	17,159	22,605	17,624	14,148	14,558	18,041	14,246	11,723	15,973	17,496	16,464	13,815	14,300	14,000	11,700	7,200	8,900	7,000	5,800	3,900	4,600	2,700	1,900	1,500	-	-	-	-	-	-	-	-
Ebitda	407,600	510,800	534,000	428,300	442,000	576,200	566,700	544,000	501,500	490,100	484,200	268,500	339,700	264,800	163,400	117,200	151,200	171,000	140,100	131,500	132,000	159,604	129,036	111,991	129,905	121,905	118,368	108,725	96,443	107,614	105,015	86,550	93,229	87,152	101,683	81,389	75,069	67,240	67,983	51,169	51,650	57,654	51,134	46,108	42,653	47,876	42,022	36,281	34,991	36,122	34,791	25,193	17,547	27,476	20,934	14,735	12,844	21,341	16,038	10,144	5,097	15,618	13,779	12,377	12,696	37,211	36,064	28,806	27,890	37,446	36,374	29,637	29,875	41,972	33,247	27,321	27,686	34,706	27,746	21,386	24,692	29,546	22,692	14,543	19,365	24,649	19,519	15,816	17,020	20,413	16,472	13,938	18,039	19,428	18,351	15,535	15,900	15,600	13,000	8,300	10,000	7,900	6,600	4,600	5,400	3,400	2,400	2,000	-101,700	36,400	36,700	32,400	-81,500	31,500	27,300	27,100
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	15,800	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Gross Profit	1,211,400	1,371,300	1,385,100	1,211,500	1,209,200	1,314,200	1,350,700	1,278,100	1,243,800	1,189,100	1,110,600	715,500	648,700	651,600	464,400	460,900	498,600	510,900	493,600	450,700	441,900	466,239	460,727	408,111	396,142	403,021	375,271	341,652	334,836	337,261	322,036	307,182	293,423	311,187	297,649	273,375	261,121	197,840	192,300	172,061	159,293	165,389	159,833	146,438	133,434	144,224	138,189	127,871	112,110	123,671	119,736	104,934	94,838	104,944	95,743	86,614	94,694	85,833	77,766	78,182	77,852	94,315	110,793	116,237	116,237	144,691	148,312	139,991	116,215	147,256	144,225	130,781	113,821	142,755	129,307	119,272	113,197	124,566	115,939	106,234	87,710	117,004	105,962	91,335	93,668	104,606	92,882	83,647	82,500	79,868	75,210	68,897	66,601	70,920	67,184	62,864	58,000	57,300	48,800	35,200	33,500	31,700	27,000	22,900	19,200	14,900	11,200	9,400	37,200	36,400	36,700	32,400	28,300	31,500	27,300	27,100
Income Before Tax	279,700	361,300	407,000	314,300	336,200	455,700	468,200	469,800	431,700	422,200	419,400	211,400	256,800	219,100	108,300	64,200	94,700	117,400	85,500	77,800	78,000	108,987	80,752	69,797	91,427	86,543	87,836	81,263	66,122	80,077	77,303	60,021	66,370	62,639	75,639	58,056	56,722	55,995	57,074	40,704	41,240	47,713	41,258	35,577	30,804	38,387	32,913	26,769	24,426	26,943	23,705	14,828	6,950	16,501	-2,613	2,186	-7,842	11,613	6,768	345	-1,470	4,740	-302,074	-5,205	-5,205	19,023	17,674	11,645	11,065	16,472	20,220	16,499	18,175	30,001	21,165	16,410	15,920	23,486	17,647	12,398	16,731	21,398	14,269	6,800	11,856	17,577	12,924	10,409	9,979	12,561	8,246	4,643	8,814	11,806	10,500	8,415	9,400	10,000	7,800	5,000	5,700	6,000	3,600	2,400	2,800	2,600	2,300	1,800	-	-	-	-	-	-	-	-
Income Tax Expense	63,500	96,400	105,900	84,700	86,300	125,400	130,600	126,200	139,200	113,200	114,500	55,200	69,200	60,300	30,600	18,000	26,700	32,200	23,600	21,400	18,100	15,880	20,092	17,736	2,023	34,657	34,636	30,536	14,803	26,036	25,875	19,751	18,638	19,248	24,416	17,403	15,583	21,458	21,904	16,010	14,080	16,822	15,977	13,695	11,775	15,048	12,422	9,973	8,091	10,604	8,875	6,123	2,571	6,709	-1,099	844	-2,790	4,631	2,718	153	-1,051	2,038	-95,254	-2,002	-2,002	7,713	7,022	4,576	3,955	5,876	8,503	5,870	6,934	12,276	8,398	6,350	6,001	9,159	6,882	4,836	6,659	8,517	5,750	2,635	4,595	6,848	4,989	4,018	3,847	4,865	3,175	1,788	3,182	4,283	4,306	3,451	3,700	4,100	3,200	2,000	2,300	2,300	1,400	900	900	1,000	900	700	-1,200	-900	-900	-900	-1,000	-800	-800	-800
Interest Expense	108,000	98,700	78,600	66,700	57,600	60,300	38,200	35,000	34,000	31,600	34,500	30,300	28,900	22,700	24,900	31,000	32,900	32,700	34,400	33,400	32,600	30,968	29,463	25,340	22,354	20,534	16,501	14,723	13,826	11,833	11,711	11,368	10,070	9,851	9,627	9,477	9,383	5,178	5,084	4,958	5,094	4,842	4,977	5,810	5,637	5,528	5,668	5,697	6,099	5,148	6,454	5,867	5,924	6,810	6,096	6,371	7,388	5,829	5,407	6,642	20,398	4,637	5,790	30,879	10,503	8,236	8,480	7,656	34,636	13,120	8,502	5,594	22,614	5,628	6,144	5,248	16,702	4,498	4,123	3,616	13,997	3,413	3,839	3,702	17,728	2,943	2,882	2,337	14,497	3,390	3,832	6,922	6,823	6,592	4,712	5,656	957	3,090	2,179	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Interest Income	0	98,000	79,800	67,200	64,100	60,600	56,300	49,900	34,000	31,600	34,500	30,600	28,900	22,700	24,900	31,000	32,900	32,700	34,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Minority Interest	-2,600	-3,400	-3,900	-900	-2,200	-700	-6,300	-1,400	-1,500	-1,100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	213,500	261,500	297,200	228,700	247,600	329,600	331,300	342,200	291,000	307,900	304,900	156,200	187,600	158,800	77,700	46,200	68,000	85,200	61,900	56,400	59,900	93,107	60,660	52,061	89,404	51,886	53,200	50,727	51,319	54,041	51,428	40,270	47,732	43,391	51,223	40,653	41,140	34,537	38,309	24,734	27,372	31,018	25,555	22,055	19,832	23,243	20,491	16,796	18,766	16,563	14,826	8,705	4,379	9,792	-1,719	1,267	-1,554	5,713	3,663	1,329	-4,278	-2,363	-206,820	-4,706	-4,706	11,237	7,943	7,075	5,529	10,516	11,667	9,308	9,503	17,632	12,675	9,990	9,882	14,470	10,840	7,479	9,982	12,881	8,519	4,165	7,261	10,729	7,935	6,391	6,132	7,696	5,071	2,855	5,632	7,523	6,194	4,964	5,700	5,900	4,600	3,000	3,400	3,700	2,200	1,500	1,900	1,600	1,400	1,100	1,200	900	900	900	1,000	800	800	800
Net Income Applicable To Common Shares	0	261,500	297,200	228,700	247,700	329,600	331,300	342,200	291,000	307,900	304,900	156,200	187,600	158,800	77,700	46,200	68,000	85,200	61,900	56,400	59,872	93,107	60,660	52,061	89,404	51,886	53,200	50,727	51,319	54,041	51,428	40,270	47,732	43,391	51,223	40,653	41,140	34,537	38,309	24,734	27,372	31,018	25,555	22,055	19,832	23,243	20,491	16,796	16,021	16,563	14,826	8,378	4,239	9,559	-1,409	1,409	-911	6,975	2,539	0	0	0	0	0	15,956	10,028	7,541	7,282	6,693	10,686	12,121	10,819	11,772	20,190	11,746	12,271	11,375	13,192	15,482	6,966	9,879	12,842	8,601	4,315	7,261	10,729	7,935	6,391	6,132	7,696	5,071	2,855	5,632	7,523	6,194	4,964	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	216,100	264,900	301,100	229,600	249,900	330,300	337,600	343,600	292,500	309,000	304,900	156,200	187,600	158,800	77,700	46,200	68,000	85,200	61,900	56,400	59,872	93,107	60,660	52,061	89,404	51,886	53,200	50,727	51,319	54,041	51,428	40,270	168,646	81,887	51,223	40,653	41,139	34,537	35,170	24,694	27,160	30,891	25,281	21,882	18,769	23,339	20,491	16,796	0	16,339	14,830	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-218,700	-103,100	-78,600	-66,700	-57,600	-60,300	-38,200	-35,000	-34,000	-31,600	-34,500	-30,300	-28,900	-22,700	-24,900	-31,000	-32,900	-32,700	-34,400	-33,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Non Operating Income Net Other	0	0	9,800	2,000	-6,200	-7,100	-21,900	-8,000	-37,900	-25,700	7,600	3,400	50,900	2,200	3,500	2,300	0	3,300	3,000	2,600	3,378	2,389	1,659	1,374	838	1,125	387	9,845	-1,569	-1,513	-1,495	-1,526	25	-307	-356	-368	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	1,900	0	0	0	0	7,900	0	0	0	0	500	1,300	0	0	0	0	0	0	0	10,494	3,498	3,498	-3,498	-5,733	-4,131	-6,130	-4,130	-1,853	0	0	0	0	0	0	0	0	0	0	-115	0	0	-490	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Operating Income	358,200	465,300	475,800	379,000	399,900	523,100	528,300	512,800	503,700	479,500	446,300	238,300	234,900	239,600	129,700	92,900	122,800	146,800	116,900	108,600	107,100	137,566	108,556	93,763	112,943	105,952	103,950	86,141	81,517	93,423	90,509	72,915	76,415	72,797	85,622	67,901	66,016	60,146	61,012	44,725	45,561	51,720	45,651	40,586	35,687	43,463	37,761	31,967	30,292	31,875	29,988	20,618	12,808	23,238	3,268	8,491	-501	17,418	11,917	5,816	4,461	11,805	-291,494	6,661	6,661	32,015	31,080	24,065	23,119	33,223	32,477	26,018	26,455	38,483	30,068	24,150	23,519	30,950	24,285	18,093	21,576	26,593	19,974	12,084	16,810	22,353	17,447	14,243	14,513	17,800	14,201	11,644	15,805	17,947	16,769	13,943	14,300	14,100	11,300	7,500	8,600	7,600	6,000	4,300	4,500	3,000	2,300	1,700	-101,700	36,400	36,700	32,400	-81,500	31,500	27,300	27,100
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Other Operating Expenses	7,316,200	7,807,300	7,635,700	6,594,800	6,590,300	6,772,600	6,711,800	6,192,500	5,805,800	5,688,400	5,563,100	4,104,700	3,706,900	3,380,600	2,621,000	2,710,900	3,144,100	3,185,600	3,104,800	2,740,600	2,864,800	2,954,386	2,987,981	2,565,916	2,590,088	2,588,388	2,363,086	2,149,960	2,206,975	2,173,046	2,039,332	1,906,448	1,911,134	2,007,917	1,905,195	1,717,147	1,725,438	1,236,965	1,160,790	1,033,381	979,313	1,017,570	962,854	862,494	813,313	844,910	809,362	726,812	655,081	706,026	658,590	581,997	542,233	559,449	517,573	453,395	515,207	440,782	389,911	391,986	402,132	551,354	956,638	693,032	693,032	827,692	854,029	776,591	674,737	847,149	814,004	722,167	607,555	830,827	732,369	646,655	646,259	724,943	657,982	619,756	512,631	701,691	647,560	571,393	563,789	665,292	566,871	510,155	505,156	453,518	447,849	408,507	386,286	425,119	401,082	381,660	339,100	343,300	296,500	216,600	190,400	188,300	167,500	141,900	108,600	82,600	64,100	53,000	138,900	-	-	-	109,800	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Reconciled Depreciation	60,600	50,800	48,400	47,300	48,200	60,200	56,700	39,200	35,800	34,400	38,600	26,800	54,000	23,000	22,300	22,000	21,500	20,900	20,200	19,800	20,076	19,649	18,821	16,854	16,124	14,828	14,031	12,739	12,997	12,206	12,503	11,663	11,056	10,531	10,287	9,726	8,964	6,067	5,825	5,507	5,316	5,099	4,899	4,721	4,441	4,413	4,261	4,199	4,195	4,247	4,313	4,193	4,189	4,238	4,406	4,753	6,369	4,003	4,121	4,328	1,141	5,703	5,066	6,035	6,035	5,340	5,014	4,953	4,799	4,411	4,212	4,046	3,871	3,678	3,461	3,488	3,846	3,240	3,103	2,954	2,889	2,681	2,438	2,287	2,206	2,044	1,895	1,668	2,462	2,372	2,226	2,215	2,066	1,932	1,887	1,720	1,600	1,600	1,300	1,100	1,100	900	800	700	800	700	500	500	-	-	-	-	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	63,200	63,100	61,900	59,900	63,500	64,700	67,000	58,400	47,900	46,400	38,400	29,500	28,200	24,000	17,600	27,600	29,000	28,400	28,000	26,500	26,986	28,624	27,609	25,481	25,796	24,572	22,988	19,956	22,134	20,110	19,784	19,336	19,332	18,117	16,806	15,345	15,706	10,887	10,374	9,685	10,234	10,762	9,700	8,902	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	24,572	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Selling General Administrative	749,100	820,000	781,300	720,200	739,900	720,800	719,100	676,700	661,500	629,500	591,200	419,900	376,900	365,300	304,500	346,000	352,200	343,200	356,500	321,800	313,400	309,024	333,350	297,494	241,279	282,241	257,290	242,772	236,824	228,134	195,742	199,770	180,887	205,611	178,804	191,618	168,582	120,740	125,463	112,144	98,182	97,808	99,583	92,229	93,396	96,380	96,167	91,590	77,281	87,595	84,955	79,741	77,292	77,468	74,813	71,881	81,959	64,492	61,858	68,059	69,112	78,152	95,910	103,843	103,843	107,387	112,135	111,027	88,694	109,622	107,536	100,717	83,712	100,594	95,778	91,681	85,832	90,362	88,565	85,187	63,947	87,730	83,550	76,964	74,652	80,209	73,540	67,736	65,525	59,696	58,783	55,038	48,730	51,041	48,528	47,201	42,100	41,600	36,100	26,600	23,800	23,200	20,200	17,900	13,900	11,200	8,400	7,200	-	-	-	-	-	-	-	-
Tax Provision	63,600	96,400	105,900	84,700	86,300	125,400	130,600	126,200	139,200	113,200	114,500	55,200	69,200	60,300	30,600	18,000	26,700	32,200	23,600	21,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Total Operating Expenses	853,200	901,600	909,300	832,500	809,300	791,100	822,400	765,300	740,100	707,700	664,300	477,200	413,800	412,000	326,800	368,000	373,700	364,100	376,700	341,600	333,500	328,673	352,171	314,348	283,199	297,069	271,321	255,511	249,821	240,340	228,029	230,769	211,275	234,259	205,897	201,344	193,252	137,694	131,288	127,336	113,732	113,669	114,182	105,852	97,747	100,761	100,428	95,789	81,314	91,796	89,258	83,934	81,480	81,706	79,215	76,632	88,219	68,415	65,849	72,366	73,391	82,510	402,287	109,576	109,576	112,676	117,232	115,926	93,096	114,033	111,748	104,763	87,366	104,272	99,239	95,122	89,678	93,616	91,654	88,141	66,134	90,411	85,988	79,251	76,858	82,253	75,435	69,404	67,987	62,068	61,009	57,253	50,796	52,973	50,415	48,921	43,700	43,200	37,500	27,700	24,900	24,100	21,000	18,600	14,700	11,900	8,900	7,700	-138,900	-	-	-	-109,800	-	-	-
Total Other Income Expense Net	-78,500	-5,300	9,800	-64,700	-63,700	-67,400	-60,100	-43,000	-38,000	-27,600	7,600	3,400	50,800	2,200	-4,400	2,300	2,700	3,300	3,000	2,100	2,200	2,389	1,659	1,374	838	1,125	387	9,845	-5,067	-5,011	-4,993	-5,024	-5,708	-4,438	-6,486	-4,498	-1,764	1,027	1,146	937	773	835	584	801	754	452	820	384	-271	216	-319	-305	-484	73	-13,045	-1,425	-6,929	24	258	1,171	3,643	1,890	-299,848	319	319	144	113	212	28	188	315	427	451	189	282	317	-321	-502	-358	-339	-227	-272	-280	-172	-349	-252	-177	95	-45	-241	-45	-79	-168	451	305	128	-4,900	100	-300	300	-300	600	200	400	-100	300	400	200	-	-	-	-	-	-	-	-
Total Revenue	7,674,400	8,277,000	8,111,500	6,973,800	6,990,200	7,295,700	7,240,100	6,705,300	6,309,500	6,169,800	6,009,400	4,343,000	3,941,800	3,620,200	2,758,600	2,803,800	3,269,000	3,332,400	3,221,700	2,849,700	2,973,200	3,091,952	3,096,537	2,659,679	2,703,031	2,694,340	2,467,036	2,236,101	2,291,990	2,269,967	2,133,339	1,982,861	1,993,282	2,084,845	1,996,947	1,789,178	1,793,307	1,297,111	1,221,802	1,078,106	1,024,874	1,069,290	1,008,505	903,080	849,000	888,373	847,123	758,894	685,877	737,901	689,068	602,997	555,591	582,687	534,101	463,377	521,682	458,200	401,828	397,802	406,593	563,159	665,144	699,693	699,693	859,707	885,109	800,656	697,856	880,372	846,481	748,185	634,010	869,310	762,437	670,805	669,778	755,893	682,267	637,849	534,207	728,284	667,534	583,477	580,599	687,645	584,318	524,398	519,669	471,318	462,050	420,151	402,091	443,066	417,851	395,603	353,400	357,400	307,800	224,100	199,000	195,900	173,500	146,200	113,100	85,600	66,400	54,700	37,200	36,400	36,700	32,400	28,300	31,500	27,300	27,100

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

Gross Profit (+$)
totalRevenue	31,042,300
Cost of Revenue	-26,009,200
Gross Profit	5,033,100	5,033,100

Operating Income (+$)
Gross Profit	5,033,100
Operating Expense	-3,290,800
Operating Income	1,742,300	1,742,300

Operating Expense (+$)
Research Development	0
Selling General Administrative	3,080,700
Selling And Marketing Expenses	248,200
Operating Expense	3,290,800	3,328,900

Net Interest Income (+$)
Interest Income	0
Interest Expense	-352,100
Other Finance Cost	-52,200
Net Interest Income	-299,900

Pretax Income (+$)
Operating Income	1,742,300
Net Interest Income	-299,900
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	1,362,300	2,122,300 EBIT - interestExpense = 1,390,200 1,351,400 1,352,900
Interest Expense	352,100
Earnings Before Interest and Taxes (EBIT)	1,742,300	1,714,400
Earnings Before Interest and Taxes (EBITDA)	1,938,100

After tax Income (+$)
Income Before Tax	1,362,300
Tax Provision	-373,300
Net Income From Continuing Ops	1,045,400	989,000
Net Income	1,000,800
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	29,300,000
Total Other Income/Expenses Net	-380,000	299,900

Technical Analysis of Lithia Motors 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 Lithia Motors Inc. The general trend of Lithia Motors Inc is BEARISH with 85.7% 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 Lithia Motors 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 (-85.7%)		Bearish trend (85.7%)
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 Lithia Motors 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: 280.95 < 306.43 < 308.51.

The bearish price targets are: 260.67 > 256.35 > 233.54.

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Lithia Motors 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 Lithia Motors Inc. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Lithia Motors 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 Lithia Motors Inc. The current macd is -8.66833964.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Lithia Motors Inc price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Lithia Motors Inc. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Lithia Motors Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending 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

Lithia Motors 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 Lithia Motors Inc. The current adx is 24.91.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Lithia Motors Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1

Lithia Motors 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 Lithia Motors Inc. The current sar is 269.97.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

Lithia Motors 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 Lithia Motors Inc. The current rsi is 31.01. The current phase is Continuation in bear market.

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

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Lithia Motors 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 Lithia Motors Inc. The current phase is Oversold in bear market.

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

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

Lithia Motors 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 Lithia Motors Inc. The current cci is -84.28672781.

Lithia Motors 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 Lithia Motors Inc. The current cmo is -47.30896664.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Lithia Motors 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 Lithia Motors Inc. The current willr is -86.58105939.

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

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

Lithia Motors 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 Lithia Motors Inc.

Lithia Motors 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 Lithia Motors Inc. The current atr is 7.37935805.

Lithia Motors 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 Lithia Motors Inc. The current obv is -3,527,757.

Lithia Motors 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 Lithia Motors Inc. The current mfi is 27.51.

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

MFI < 50: -1

Lithia Motors Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Lithia Motors Inc.

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Lithia Motors Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	31.006
Ma 20	Greater than	Ma 50	277.176
Ma 50	Greater than	Ma 100	286.269
Ma 100	Greater than	Ma 200	291.475
Open	Greater than	Close	262.540
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Lithia Motors Inc Buy, Hold or Sell?

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Quick analysis of Lithia Motors Inc (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Lithia Motors Inc (5 min.)

$260.87

$227.64

$-240.30 - $-177.46

$-12.66 - $50.18

2. Growth of Lithia Motors Inc (5 min.)

Is Lithia Motors Inc growing?

How much money is Lithia Motors Inc making?

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

3. Financial Health of Lithia Motors Inc (5 min.)

4. Comparing to competitors in the Auto & Truck Dealerships industry (5 min.)

Industry Rankings (Auto & Truck Dealerships)

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

What can you expect buying and holding a share of Lithia Motors Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Lithia Motors Inc

About Lithia Motors Inc

Financial Health

Valuation

1.1. Profitability of Lithia Motors Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Auto & Truck Dealerships)

1.1.2. Return on Assets

Trends

Compared to industry (Auto & Truck Dealerships)

1.1.3. Return on Equity

Trends

Compared to industry (Auto & Truck Dealerships)

1.2. Operating Efficiency of Lithia Motors Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Auto & Truck Dealerships)

1.2.2. Operating Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

1.3. Liquidity of Lithia Motors Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

1.3.2. Quick Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

1.4. Solvency of Lithia Motors Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

2. Market Valuation of Lithia Motors Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Auto & Truck Dealerships)

Lithia Motors Inc
Buy, Hold or Sell?