Lakeland Bancorp Inc
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Let's analyse Lakeland Bancorp Inc together

Penke I guess you are interested in Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc (30 sec.)

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

How much money do you get?

$0.58

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$17.93

Expected worth in 1 year

$18.86

How sure are you?

95.0%

+ What do you gain per year?

Total Gains per Share

$1.52

Return On Investment

13.3%

For what price can you sell your share?

Current Price per Share

$11.36

Expected price per share

$10.41 - $12.66

How sure are you?

50%

1. Valuation of Lakeland Bancorp Inc (5 min.)

Live pricePrice per Share (EOD)

$11.36

Book Value per Share

$17.93

Intrinsic Value Per Share

$10.24 - $17.58

Total Value Per Share

$28.17 - $35.51

My calculation of the intrinsic value of Lakeland Bancorp 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: ($0.28) 3Y: ($0.41) TTM: ($0.42)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($0.00) TTM: ($0.00)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$1.12	$1.65	$1.18 - $1.71
2	$2.23	$3.33	$1.23 - $1.80
3	$3.31	$5.04	$1.28 - $1.88
4	$4.37	$6.78	$1.33 - $1.96
5	$5.41	$8.54	$1.38 - $2.05
6	$6.43	$10.32	$1.43 - $2.13
7	$7.42	$12.11	$1.48 - $2.22
8	$8.39	$13.93	$1.53 - $2.30
9	$9.33	$15.75	$1.57 - $2.39
10	$10.24	$17.58	$1.62 - $2.47

2. Growth of Lakeland Bancorp Inc (5 min.)

Is Lakeland Bancorp Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.1b	$1b	$4.8b	81.5%

How much money is Lakeland Bancorp Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$21.1m	$26.8m	-$5.6m	-26.7%
Net Profit Margin	24.4%	31.2%	-	-

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

Quarterly Yearly

3. Financial Health of Lakeland Bancorp Inc (5 min.)

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

Industry Rankings (Banks - Regional)

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

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

What can you expect buying and holding a share of Lakeland Bancorp Inc?

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

Speculation

The Price per Share of Lakeland Bancorp Inc is $11.36. 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 Lakeland Bancorp 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 Lakeland Bancorp 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 $17.93. Based on the TTM, the Book Value Change Per Share is $0.23 per quarter. Based on the YOY, the Book Value Change Per Share is $1.07 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 $0.15 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.31	2.7%	0.32	2.9%	0.41	3.6%	0.32	2.8%	0.24	2.1%
Usd Book Value Change Per Share	-145.18	-1,278.0%	0.23	2.1%	1.07	9.4%	0.42	3.7%	0.31	2.8%
Usd Dividend Per Share	0.15	1.3%	0.15	1.3%	0.14	1.3%	0.12	1.0%	0.09	0.8%
Usd Total Gains Per Share	-145.04	-1,276.7%	0.38	3.3%	1.21	10.7%	0.53	4.7%	0.40	3.5%
Usd Price Per Share	14.79	-	14.11	-	16.24	-	15.08	-	14.93	-
Price to Earnings Ratio	12.02	-	10.95	-	10.76	-	12.37	-	17.20	-
Price-to-Total Gains Ratio	-0.10	-	-1.62	-	226.76	-	75.03	-	81.17	-
Price to Book Ratio	0.82	-	0.47	-	0.97	-	1.07	-	1.52	-
Price-to-Total Gains Ratio	-0.10	-	-1.62	-	226.76	-	75.03	-	81.17	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	11.36
Number of shares	88

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.15	0.12
Usd Book Value Change Per Share	0.23	0.42
Usd Total Gains Per Share	0.38	0.53
Gains per Quarter (88 shares)	33.35	47.02
Gains per Year (88 shares)	133.38	188.10

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	51	82	123	41	147	178
2	103	164	256	83	294	366
3	154	246	389	124	440	554
4	206	328	522	165	587	742
5	257	410	655	207	734	930
6	308	492	788	248	881	1118
7	360	574	921	289	1027	1306
8	411	656	1054	331	1174	1494
9	462	738	1187	372	1321	1682
10	514	820	1320	413	1468	1870

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%	98.0	2.0	0.0	98.0%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	9.0	3.0	0.0	75.0%	17.0	3.0	0.0	85.0%	36.0	3.0	1.0	90.0%	82.0	17.0	1.0	82.0%
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%	100.0	0.0	0.0	100.0%
Total Gains per Share	2.0	2.0	0.0	50.0%	10.0	2.0	0.0	83.3%	18.0	2.0	0.0	90.0%	38.0	2.0	0.0	95.0%	89.0	11.0	0.0	89.0%

Fundamentals of Lakeland Bancorp Inc

About Lakeland Bancorp Inc

https://www.lakelandbank.com
Banks - Regional
826
250 Oak Ridge Road, Oak Ridge, NJ, United States, 07438
Google Maps Bing Maps

Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that provides financial products and services for businesses and consumers. It provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. The company also offers lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, small business administration loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services to the business community and municipal relationships; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements. In addition, it provides consumer banking services comprising checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, online banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. Further, the company offers investment advisory services; life insurance products; and non-deposit products, such as securities brokerage services, including mutual funds, variable annuities, and insurance. The company was founded in 1969 and is headquartered in Oak Ridge, New Jersey.

Fundamental data was last updated by Penke on 2024-04-11 13:06:02.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Lakeland Bancorp Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Lakeland Bancorp Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Lakeland Bancorp Inc to the Banks - Regional industry mean.
A Net Profit Margin of 14.8% means that $0.15 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Lakeland Bancorp Inc:

The MRQ is 14.8%. The company is making a huge profit. +2
The TTM is 24.4%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	14.8%	TTM	24.4%	-9.6%
TTM	24.4%	YOY	31.2%	-6.7%
TTM	24.4%	5Y	29.9%	-5.4%
5Y	29.9%	10Y	28.2%	+1.6%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	14.8%	18.4%	-3.6%
TTM	24.4%	28.0%	-3.6%
YOY	31.2%	25.2%	+6.0%
5Y	29.9%	22.8%	+7.1%
10Y	28.2%	19.8%	+8.4%

Measures how much net profit Lakeland Bancorp Inc earns for each $1 of revenue.

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

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

Why do investors use net profit margin in their analysis

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

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Lakeland Bancorp Inc is 0.15. This means that Lakeland Bancorp Inc earned $0.15 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Banks - Regional industry is 18.4%.
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Lakeland Bancorp Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc = 20,068
Total revenue MRQ Lakeland Bancorp Inc = 135,630
$20,068 / $135,630 = 0.15 or 14.8%

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 Lakeland Bancorp Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Lakeland Bancorp Inc to the Banks - Regional industry mean.
0.2% Return on Assets means that Lakeland Bancorp Inc generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Lakeland Bancorp Inc:

The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.2%	TTM	0.2%	0.0%
TTM	0.2%	YOY	0.3%	-0.1%
TTM	0.2%	5Y	0.2%	0.0%
5Y	0.2%	10Y	0.2%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.2%	0.1%	+0.1%
TTM	0.2%	0.2%	0.0%
YOY	0.3%	0.2%	+0.1%
5Y	0.2%	0.2%	+0.0%
10Y	0.2%	0.2%	+0.0%

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

Why do investors use return on assets in their analysis

Shows the investor how effectively Lakeland Bancorp Inc is using its resources to generate profit. If the return on assets (0.2%) from Lakeland Bancorp Inc are higher than the Banks - Regional mean (0.1%) that means Lakeland Bancorp 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 Lakeland Bancorp Inc is 0.2%. This means the company generated $0.00 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Banks - Regional industry is 0.1%.
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Lakeland Bancorp Inc = 20,068
Total assets MRQ (balance sheet) from Lakeland Bancorp Inc = 11,148,520
20,068 / 11,148,520 = 0.00 or 0.2%

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

Above 15%-20% is considered healthy but always compare Lakeland Bancorp Inc to the Banks - Regional industry mean.
1.7% Return on Equity means Lakeland Bancorp Inc generated $0.02 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Lakeland Bancorp Inc:

The MRQ is 1.7%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 1.9%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.7%	TTM	1.9%	-0.1%
TTM	1.9%	YOY	2.5%	-0.6%
TTM	1.9%	5Y	2.3%	-0.5%
5Y	2.3%	10Y	2.3%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	1.7%	1.4%	+0.3%
TTM	1.9%	2.5%	-0.6%
YOY	2.5%	2.7%	-0.2%
5Y	2.3%	2.5%	-0.2%
10Y	2.3%	2.8%	-0.5%

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

Why do investors use return on equity in their analysis

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

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Lakeland Bancorp Inc is 1.7%. This means Lakeland Bancorp Inc generated $0.02 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Banks - Regional industry is 1.4%.
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp Inc up to 10 years back (depending if Lakeland Bancorp 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 Lakeland Bancorp Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Lakeland Bancorp Inc = 20,068
Shareholders equity (balance sheet) MRQ Lakeland Bancorp Inc = 1,169,369
20,068 / 1,169,369 = 0.02 or 1.7%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Lakeland Bancorp Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Lakeland Bancorp Inc is operating .

Measures how much profit Lakeland Bancorp 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 Lakeland Bancorp Inc to the Banks - Regional industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Lakeland Bancorp Inc:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	35.9%	-35.9%
TTM	35.9%	YOY	57.6%	-21.7%
TTM	35.9%	5Y	55.4%	-19.6%
5Y	55.4%	10Y	54.2%	+1.3%

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

Why do investors use operating margin in their analysis

To determine how much profit Lakeland Bancorp 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 Lakeland Bancorp Inc is 0.0%. This means that Lakeland Bancorp Inc earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Lakeland Bancorp Inc = 125,350
Total revenue MRQ Lakeland Bancorp Inc = 135,630
$125,350 / $135,630 = 0.00 or 0.0%

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 Lakeland Bancorp Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.08 means that the operating costs are $0.08 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Lakeland Bancorp Inc:

The MRQ is 0.076. The company is very efficient in keeping operating costs low. +2
The TTM is -0.354.

Trends

Current period		Compared to		+/-
MRQ	0.076	TTM	-0.354	+0.429
TTM	-0.354	YOY	0.106	-0.460
TTM	-0.354	5Y	-0.120	-0.233
5Y	-0.120	10Y	0.022	-0.142

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

Why do investors use operating ratio in their analysis

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

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Lakeland Bancorp Inc is 7.6%. This means that Lakeland Bancorp Inc earned $0.08 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(0 +10,280) \ 135,630 = 0.08

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 Lakeland Bancorp Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Lakeland Bancorp Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
A Current Ratio of 0.10 means the company has $0.10 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Lakeland Bancorp Inc:

The MRQ is 0.101. The company is unable to pay all its short-term debts. -2
The TTM is 49.894. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	0.101	TTM	49.894	-49.792
TTM	49.894	YOY	39.331	+10.562
TTM	49.894	5Y	165.668	-115.775
5Y	165.668	10Y	83.325	+82.344

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	49.894	0.124	+49.770
YOY	39.331	0.225	+39.106
5Y	165.668	0.219	+165.449
10Y	83.325	0.131	+83.194

Measures if Lakeland Bancorp Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Banks - Regional industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Lakeland Bancorp 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 Lakeland Bancorp Inc is 0.10. This means Lakeland Bancorp Inc has $0.10 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
358,163 \ 3,533,494) = 0.10

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

Above 1 is considered healthy but always compare Lakeland Bancorp Inc to the Banks - Regional industry mean.
A Quick Ratio of 0.20 means the company can pay off $0.20 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Lakeland Bancorp Inc:

The MRQ is 0.195. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 87.580. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.195	TTM	87.580	-87.384
TTM	87.580	YOY	69.767	+17.813
TTM	87.580	5Y	77.769	+9.811
5Y	77.769	10Y	39.048	+38.721

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

Why do investors use quick ratio in their analysis

Shows how fast Lakeland Bancorp Inc can pay off its short term debts. This shows if Lakeland Bancorp 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 Lakeland Bancorp Inc is 0.20. This means that Lakeland Bancorp Inc can pay off $0.20 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc: (-293,366 + 946,282 +37,508) / 3,533,494 = 0.20

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Lakeland Bancorp Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Lakeland Bancorp Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Lakeland Bancorp Inc to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.90 means that Lakeland Bancorp Inc assets are financed with 89.5% credit (debt) and the remaining percentage (100% - 89.5%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Lakeland Bancorp Inc:

The MRQ is 0.895. The company is just able to pay all its debts by selling its assets.
The TTM is 0.465. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.895	TTM	0.465	+0.430
TTM	0.465	YOY	0.896	-0.430
TTM	0.465	5Y	0.810	-0.345
5Y	0.810	10Y	0.852	-0.042

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.895	0.915	-0.020
TTM	0.465	0.917	-0.452
YOY	0.896	0.919	-0.023
5Y	0.810	0.919	-0.109
10Y	0.852	0.927	-0.075

Measures how much % of Lakeland Bancorp Inc assets are financed with debt.

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

How to use debt to asset ratio

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

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

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

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Lakeland Bancorp Inc is 0.90. This means means that Lakeland Bancorp Inc is financed with 89.5% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Lakeland Bancorp Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
9,979,151 \ 11,148,520 = 89.5% or 0.90.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Lakeland Bancorp Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Lakeland Bancorp Inc to the Banks - Regional industry mean.
A Debt to Equity ratio of 853.4% means that company has $8.53 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Lakeland Bancorp Inc:

The MRQ is 8.534. The company is unable to pay all its debts with equity. -1
The TTM is 4.460. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	8.534	TTM	4.460	+4.074
TTM	4.460	YOY	8.598	-4.138
TTM	4.460	5Y	7.831	-3.371
5Y	7.831	10Y	8.138	-0.307

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	8.534	10.829	-2.295
TTM	4.460	11.013	-6.553
YOY	8.598	11.363	-2.765
5Y	7.831	11.437	-3.606
10Y	8.138	13.038	-4.900

Measures if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc is 8.53. This means that Lakeland Bancorp Inc can pay off $8.53 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 10.83.
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
9,979,151 \ 1,169,369 = 8.53 or 853.4%

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

Common shares.
Preferred shares.
Retained earnings.

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

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

2. Market Valuation of Lakeland Bancorp 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 Lakeland Bancorp Inc generates.

Above 15 is considered overpriced but always compare Lakeland Bancorp Inc to the Banks - Regional industry mean.
A PE ratio of 12.02 means the investor is paying $12.02 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Lakeland Bancorp Inc:

The EOD is 9.230. Based on the earnings, the company is underpriced. +1
The MRQ is 12.017. Based on the earnings, the company is underpriced. +1
The TTM is 10.947. Based on the earnings, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	9.230	MRQ	12.017	-2.787
MRQ	12.017	TTM	10.947	+1.070
TTM	10.947	YOY	10.757	+0.190
TTM	10.947	5Y	12.374	-1.426
5Y	12.374	10Y	17.203	-4.829

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	9.230	7.555	+1.675
MRQ	12.017	6.680	+5.337
TTM	10.947	5.295	+5.652
YOY	10.757	6.943	+3.814
5Y	12.374	9.770	+2.604
10Y	17.203	9.943	+7.260

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

Why do investors use PE ratio in their analysis

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

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

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

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Lakeland Bancorp Inc is 12.02. This means the investor is paying $12.02 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Banks - Regional industry is 6.68.
What is the trend?
The trend is important because it shows you how Lakeland Bancorp Inc is performing over time. The most recent quarter might be important if Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp 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 \ 65,222 = EPS
PE ratio MRQ = 12.02

* 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 Lakeland Bancorp Inc:

The EOD is 7.922. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 10.314. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 8.544. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	7.922	MRQ	10.314	-2.392
MRQ	10.314	TTM	8.544	+1.770
TTM	8.544	YOY	9.259	-0.715
TTM	8.544	5Y	13.817	-5.273
5Y	13.817	10Y	17.735	-3.918

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	7.922	-2.112	+10.034
MRQ	10.314	-1.868	+12.182
TTM	8.544	-0.342	+8.886
YOY	9.259	6.448	+2.811
5Y	13.817	0.429	+13.388
10Y	17.735	0.091	+17.644

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Banks - Regional industry mean).
A PB ratio of 0.82 means the investor is paying $0.82 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Lakeland Bancorp Inc:

The EOD is 0.634. Based on the equity, the company is cheap. +2
The MRQ is 0.825. Based on the equity, the company is cheap. +2
The TTM is 0.472. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	0.634	MRQ	0.825	-0.191
MRQ	0.825	TTM	0.472	+0.352
TTM	0.472	YOY	0.967	-0.494
TTM	0.472	5Y	1.067	-0.595
5Y	1.067	10Y	1.516	-0.449

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.634	0.436	+0.198
MRQ	0.825	0.386	+0.439
TTM	0.472	0.470	+0.002
YOY	0.967	0.642	+0.325
5Y	1.067	0.795	+0.272
10Y	1.516	1.025	+0.491

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Lakeland Bancorp Inc

Institutions are holding 61.342% of the shares of Lakeland Bancorp Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	10.9246	0.0027	7104856	943826	15.3193
2023-12-31	Vanguard Group Inc	5.7136	0.0012	3715855	104268	2.887
2023-12-31	Dimensional Fund Advisors, Inc.	5.1881	0.0146	3374129	-154714	-4.3843
2023-12-31	State Street Corporation	2.8025	0.0013	1822624	232823	14.6448
2023-12-31	Systematic Financial Management LP	2.2149	0.6321	1440465	-34719	-2.3535
2023-12-31	Geode Capital Management, LLC	2.1572	0.0022	1402955	54036	4.0059
2023-12-31	AllianceBernstein L.P.	2.0012	0.0074	1301486	208981	19.1286
2023-12-31	Morgan Stanley - Brokerage Accounts	1.5863	0.0013	1031665	177881	20.8344
2023-12-31	Citigroup Inc	1.3962	0.0095	908002	68032	8.0993
2023-12-31	Northern Trust Corp	1.3763	0.0024	895113	4962	0.5574
2023-12-31	Goldman Sachs Group Inc	1.37	0.0012	890976	441626	98.2811
2023-12-31	Millennium Management LLC	1.1714	0.0049	761813	52855	7.4553
2023-12-31	Banc Funds Co LLC	1.1598	1.0996	754306	-55000	-6.7959
2023-12-31	American Century Companies Inc	1.1164	0.0074	726084	109706	17.7985
2023-12-31	Charles Schwab Investment Management Inc	1.0743	0.0026	698704	68563	10.8806
2023-12-31	Susquehanna International Group, LLP	1.0664	0.002	693562	26369	3.9522
2023-12-31	ProShare Advisors LLC	0.8863	0.0261	576413	-19924	-3.3411
2023-12-31	Cnh Partners, LLC	0.7831	0.3042	509266	0	0
2023-12-31	Eckert Corp	0.7821	0.3858	508624	3600	0.7128
2023-12-31	Renaissance Technologies Corp	0.7768	0.0116	505195	22820	4.7308
Total		45.5475	2.5201	29622093	+2255991	+7.6%

3.2. Funds holding Lakeland Bancorp Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.8506	0.0014	1857247	-16355	-0.8729
2024-03-28	iShares Russell 2000 ETF	2.5127	0.0303	1637090	18048	1.1147
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4461	0.0108	942216	2249	0.2393
2024-02-29	DFA US Small Cap Value I	1.2361	0.0612	805374	-79968	-9.0324
2024-03-29	Avantis US Small Cap Value ETF	1.1515	0.0837	750241	0	0
2024-03-28	ProShares Russell 2000 Dividend Growers	0.9751	0.9771	635317	0	0
2024-01-31	Fidelity Small Cap Index	0.9725	0.034	633608	4261	0.6771
2024-03-28	iShares Russell 2000 Value ETF	0.9454	0.0594	615977	-391	-0.0634
2024-02-29	DFA US Targeted Value I	0.8312	0.049	541553	0	0
2024-02-29	BlackRock Advantage Small Cap Core Instl	0.6522	0.1414	424945	20840	5.1571
2024-02-29	DFA US Small Cap I	0.6188	0.0304	403187	0	0
2024-02-29	State St Russell Sm/Mid Cp® Indx NL Cl C	0.5932	0.0108	386460	8700	2.303
2024-02-29	Vanguard Dividend Appreciation ETF	0.566	0.0047	368755	1904	0.519
2024-02-29	Fidelity Extended Market Index	0.5556	0.011	362018	-1754	-0.4822
2024-02-29	DFA US Micro Cap I	0.5306	0.0563	345689	-96259	-21.7806
2024-03-29	Dimensional US Targeted Value ETF	0.5235	0.0411	341102	0	0
2024-02-29	JPMorgan Small Cap Blend A	0.5178	0.2681	337384	0	0
2024-03-28	SPDR® S&P Regional Banking ETF	0.5044	0.1332	328666	1662	0.5083
2023-12-31	Foundry Partners Micro Cap Value	0.4922	0.885	320700	0	0
2024-03-29	Schwab US Small-Cap ETF™	0.4663	0.0215	303807	0	0
Total		18.9418	2.9104	12341336	-137063	-1.1%

3.3. Insider Transactions

Insiders are holding 5.635% of the shares of Lakeland Bancorp Inc.

Date	Owner	Type	Amount	Price	Post Transaction Amount	Link
2023-08-15	Paul Ho-sing-loy	SELL	2000	14.16
2023-08-02	Mary Ann Deacon	BUY	10	14.89

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Lakeland Bancorp 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	-	-	-145.185	0.233	-62416%	1.070	-13666%	0.417	-34923%	0.313	-46464%
Book Value Per Share	-	-	17.929	90.466	-80%	16.786	+7%	28.388	-37%	17.924	+0%
Current Ratio	-	-	0.101	49.894	-100%	39.331	-100%	165.668	-100%	83.325	-100%
Debt To Asset Ratio	-	-	0.895	0.465	+92%	0.896	0%	0.810	+10%	0.852	+5%
Debt To Equity Ratio	-	-	8.534	4.460	+91%	8.598	-1%	7.831	+9%	8.138	+5%
Dividend Per Share	-	-	0.146	0.146	+0%	0.143	+2%	0.117	+24%	0.089	+63%
Eps	-	-	0.308	0.325	-5%	0.410	-25%	0.318	-3%	0.244	+26%
Free Cash Flow Per Share	-	-	0.358	0.420	-15%	0.454	-21%	0.366	-2%	0.284	+26%
Free Cash Flow To Equity Per Share	-	-	-0.337	1.415	-124%	2.506	-113%	2.206	-115%	1.766	-119%
Gross Profit Margin	-	-	0.969	0.974	0%	0.976	-1%	0.975	-1%	0.966	+0%
Intrinsic Value_10Y_max	-	-	17.584	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	10.243	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.649	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.124	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	5.042	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	3.312	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	8.538	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	5.413	-	-	-	-	-	-	-	-
Market Cap	738804416.000	-31%	964633365.210	920138494.238	+5%	1056775251.098	-9%	981711200.867	-2%	971354872.134	-1%
Net Profit Margin	-	-	0.148	0.244	-39%	0.312	-53%	0.299	-50%	0.282	-48%
Operating Margin	-	-	-	0.359	-100%	0.576	-100%	0.554	-100%	0.542	-100%
Operating Ratio	-	-	0.076	-0.354	+567%	0.106	-28%	-0.120	+259%	0.022	+248%
Pb Ratio	0.634	-30%	0.825	0.472	+75%	0.967	-15%	1.067	-23%	1.516	-46%
Pe Ratio	9.230	-30%	12.017	10.947	+10%	10.757	+12%	12.374	-3%	17.203	-30%
Price Per Share	11.360	-30%	14.790	14.110	+5%	16.235	-9%	15.085	-2%	14.931	-1%
Price To Free Cash Flow Ratio	7.922	-30%	10.314	8.544	+21%	9.259	+11%	13.817	-25%	17.735	-42%
Price To Total Gains Ratio	-0.078	+23%	-0.102	-1.618	+1487%	226.762	-100%	75.035	-100%	81.169	-100%
Quick Ratio	-	-	0.195	87.580	-100%	69.767	-100%	77.769	-100%	39.048	-99%
Return On Assets	-	-	0.002	0.002	-6%	0.003	-29%	0.002	-26%	0.002	-25%
Return On Equity	-	-	0.017	0.019	-8%	0.025	-30%	0.023	-27%	0.023	-25%
Total Gains Per Share	-	-	-145.039	0.379	-38375%	1.214	-12051%	0.534	-27242%	0.402	-36139%
Usd Book Value	-	-	1169369000.000	5898328500.000	-80%	1092605000.000	+7%	1849382850.000	-37%	1167245225.000	+0%
Usd Book Value Change Per Share	-	-	-145.185	0.233	-62416%	1.070	-13666%	0.417	-34923%	0.313	-46464%
Usd Book Value Per Share	-	-	17.929	90.466	-80%	16.786	+7%	28.388	-37%	17.924	+0%
Usd Dividend Per Share	-	-	0.146	0.146	+0%	0.143	+2%	0.117	+24%	0.089	+63%
Usd Eps	-	-	0.308	0.325	-5%	0.410	-25%	0.318	-3%	0.244	+26%
Usd Free Cash Flow	-	-	23381000.000	27361000.000	-15%	29566000.000	-21%	23830350.000	-2%	18462750.000	+27%
Usd Free Cash Flow Per Share	-	-	0.358	0.420	-15%	0.454	-21%	0.366	-2%	0.284	+26%
Usd Free Cash Flow To Equity Per Share	-	-	-0.337	1.415	-124%	2.506	-113%	2.206	-115%	1.766	-119%
Usd Market Cap	738804416.000	-31%	964633365.210	920138494.238	+5%	1056775251.098	-9%	981711200.867	-2%	971354872.134	-1%
Usd Price Per Share	11.360	-30%	14.790	14.110	+5%	16.235	-9%	15.085	-2%	14.931	-1%
Usd Profit	-	-	20068000.000	21185000.000	-5%	26842250.000	-25%	20767000.000	-3%	15915675.000	+26%
Usd Revenue	-	-	135630000.000	92588750.000	+46%	85178500.000	+59%	71029000.000	+91%	55918550.000	+143%
Usd Total Gains Per Share	-	-	-145.039	0.379	-38375%	1.214	-12051%	0.534	-27242%	0.402	-36139%
	EOD	+5 -3	MRQ	TTM	+7 -29	YOY	+11 -25	5Y	+7 -29	10Y	+17 -19

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	9.230
Price to Book Ratio (EOD)	Between	0-1	0.634
Net Profit Margin (MRQ)	Greater than	0	0.148
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	0.195
Current Ratio (MRQ)	Greater than	1	0.101
Debt to Asset Ratio (MRQ)	Less than	1	0.895
Debt to Equity Ratio (MRQ)	Less than	1	8.534
Return on Equity (MRQ)	Greater than	0.15	0.017
Return on Assets (MRQ)	Greater than	0.05	0.002
Total			4/10 (40.0%)

Create your own Stock Scanner

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

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.946
Ma 20	Greater than	Ma 50	11.786
Ma 50	Greater than	Ma 100	11.959
Ma 100	Greater than	Ma 200	12.858
Open	Greater than	Close	11.310
Total			1/5 (20.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Inventory	-269,324	-39,838	-309,162	55,388	-253,774	-136,663	-390,437	646,295	255,858
Long-term Assets Other	-49,779	-2,254,628	-2,304,407	65,418	-2,238,989	80,717	-2,158,272	12,375,724	10,217,452
Cash and Short Term Investments	1,290,262	13,807	1,304,069	-95,554	1,208,515	87,820	1,296,335	-1,589,701	-293,366
Total Operating Expenses	-91,968	71,391	-20,577	-28,378	-48,955	3,325	-45,630	55,910	10,280

Latest Balance Sheet

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

Summary

Total Assets	11,148,520
Total Liabilities	9,979,151
Total Stockholder Equity	1,169,369

	As reported
Total Liabilities	9,979,151
Total Stockholder Equity	+ 1,169,369
Total Assets	= 11,148,520

Assets

Total Assets	11,148,520
Total Current Assets	358,163
Long-term Assets	10,790,357

Total Current Assets

Total Current Assets (as reported)	358,163
Cash And Cash Equivalents	320,655
Short-term Investments	946,282
Net Receivables	37,508
Inventory	255,858
Total Current Assets (calculated)	1,560,303
+/-	1,202,140

Long-term Assets

Long-term Assets (as reported)	10,790,357
Property Plant Equipment	68,854
Goodwill	271,829
Long Term Investments	1,800,356
Intangible Assets	7,058
Long-term Assets Other	10,217,452
Long-term Assets (calculated)	12,365,549
+/-	1,575,192

Liabilities & Shareholders' Equity

Total Current Liabilities	3,533,494
Long-term Liabilities	6,445,657
Total Stockholder Equity	1,169,369

Total Current Liabilities

Total Current Liabilities (as reported)	3,533,494
Short-term Debt	718,439
Other Current Liabilities	2,815,055
Total Current Liabilities (calculated)	3,533,494
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	6,445,657
Long term Debt	519,705
Capital Lease Obligations	16,891
Long-term Liabilities (calculated)	536,596
+/-	5,909,061

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,169,369
Common Stock	858,857
Retained Earnings	376,044
Accumulated Other Comprehensive Income	-64,080
Other Stockholders Equity	-1,452
Total Stockholder Equity (calculated)	1,169,369
+/-	0

Other

Capital Stock	858,857
Cash and Short Term Investments	-293,366
Common Stock Shares Outstanding	65,222
Liabilities and Stockholders Equity	11,148,520
Net Debt	930,093
Net Invested Capital	1,689,074
Net Working Capital	-3,175,331
Property Plant and Equipment Gross	132,121
Short Long Term Debt Total	1,250,748

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

> Total Assets

556,300
575,800
839,900
830,170
840,179
862,474
874,292
906,612
931,391
958,686
1,012,152
1,044,338
1,077,210
1,126,304
1,183,961
1,207,105
1,261,744
1,331,593
1,530,005
1,585,290
1,593,549
1,642,436
2,047,922
2,141,021
2,113,621
2,099,244
2,190,938
2,206,033
2,162,593
2,242,660
2,257,689
2,263,573
2,283,907
2,339,256
2,445,716
2,513,771
2,555,427
2,572,043
2,580,728
2,642,625
2,676,044
2,716,118
2,769,463
2,723,968
2,767,976
2,738,557
2,769,471
2,792,674
2,751,576
2,741,335
2,741,768
2,825,950
2,852,347
2,853,202
2,859,647
2,918,703
2,907,969
3,262,411
3,299,300
3,317,791
3,317,791
3,479,548
3,498,905
3,538,325
3,627,764
3,699,127
3,743,100
3,869,550
4,404,233
4,467,860
4,904,291
5,093,131
5,247,815
5,362,187
5,399,481
5,405,639
5,477,829
5,534,488
5,627,057
5,806,093
6,365,063
6,407,195
6,492,474
6,711,236
7,013,908
7,488,516
7,522,184
7,664,297
7,771,761
7,854,238
8,172,479
8,198,056
10,275,233
10,374,178
10,515,599
10,783,840
10,837,241
10,897,966
11,176,809
11,148,520

11,148,520

11,176,809

10,897,966

10,837,241

10,783,840

10,515,599

10,374,178

10,275,233

8,198,056

8,172,479

7,854,238

7,771,761

7,664,297

7,522,184

7,488,516

7,013,908

6,711,236

6,492,474

6,407,195

6,365,063

5,806,093

5,627,057

5,534,488

5,477,829

5,405,639

5,399,481

5,362,187

5,247,815

5,093,131

4,904,291

4,467,860

4,404,233

3,869,550

3,743,100

3,699,127

3,627,764

3,538,325

3,498,905

3,479,548

3,317,791

3,299,300

3,262,411

2,907,969

2,918,703

2,859,647

2,853,202

2,852,347

2,825,950

2,741,768

2,741,335

2,751,576

2,792,674

2,769,471

2,738,557

2,767,976

2,723,968

2,769,463

2,716,118

2,676,044

2,642,625

2,580,728

2,572,043

2,555,427

2,513,771

2,445,716

2,339,256

2,283,907

2,263,573

2,257,689

2,242,660

2,162,593

2,206,033

2,190,938

2,099,244

2,113,621

2,141,021

2,047,922

1,642,436

1,593,549

1,585,290

1,530,005

1,331,593

1,261,744

1,207,105

1,183,961

1,126,304

1,077,210

1,044,338

1,012,152

958,686

931,391

906,612

874,292

862,474

840,179

830,170

839,900

575,800

556,300

> Total Current Assets

25,400
30,800
47,700
37,581
47,098
50,195
43,786
49,473
51,609
46,338
48,607
53,656
40,941
41,177
57,380
32,775
419,960
450,309
917,796
929,760
946,924
1,000,362
1,275,841
1,270,125
1,282,107
1,335,248
1,379,391
1,409,738
1,439,962
1,529,072
1,604,899
1,716,101
1,755,363
1,808,773
1,929,052
1,990,197
2,055,373
2,091,460
2,120,553
2,131,046
2,129,214
2,087,563
2,074,472
2,148,670
2,177,297
2,110,101
2,145,119
2,123,751
2,096,311
2,111,733
2,112,327
2,167,278
2,220,784
2,225,739
2,223,854
2,307,677
2,321,038
2,617,247
2,633,756
94,205
2,635,395
2,810,067
2,801,610
2,825,291
2,891,084
2,967,068
3,049,600
3,163,061
3,669,027
3,703,914
4,090,454
4,147,486
4,221,872
4,361,080
4,428,510
4,430,711
4,495,065
4,563,733
4,650,730
4,810,532
5,300,998
5,337,938
5,379,198
5,588,407
5,842,599
6,324,058
6,402,231
6,478,259
6,479,705
6,533,575
6,713,234
6,365,941
1,617,606
1,411,219
1,349,318
1,323,636
1,338,289
1,242,747
1,332,947
358,163

358,163

1,332,947

1,242,747

1,338,289

1,323,636

1,349,318

1,411,219

1,617,606

6,365,941

6,713,234

6,533,575

6,479,705

6,478,259

6,402,231

6,324,058

5,842,599

5,588,407

5,379,198

5,337,938

5,300,998

4,810,532

4,650,730

4,563,733

4,495,065

4,430,711

4,428,510

4,361,080

4,221,872

4,147,486

4,090,454

3,703,914

3,669,027

3,163,061

3,049,600

2,967,068

2,891,084

2,825,291

2,801,610

2,810,067

2,635,395

94,205

2,633,756

2,617,247

2,321,038

2,307,677

2,223,854

2,225,739

2,220,784

2,167,278

2,112,327

2,111,733

2,096,311

2,123,751

2,145,119

2,110,101

2,177,297

2,148,670

2,074,472

2,087,563

2,129,214

2,131,046

2,120,553

2,091,460

2,055,373

1,990,197

1,929,052

1,808,773

1,755,363

1,716,101

1,604,899

1,529,072

1,439,962

1,409,738

1,379,391

1,335,248

1,282,107

1,270,125

1,275,841

1,000,362

946,924

929,760

917,796

450,309

419,960

32,775

57,380

41,177

40,941

53,656

48,607

46,338

51,609

49,473

43,786

50,195

47,098

37,581

47,700

30,800

25,400

Cash And Cash Equivalents

21,100
26,300
41,700
31,602
41,603
44,128
37,864
43,226
45,750
41,236
43,205
48,615
35,693
41,177
57,380
35,465
42,203
48,541
49,247
46,084
55,117
76,679
87,829
55,346
55,205
79,790
72,053
52,815
51,749
48,578
57,889
79,964
33,359
44,968
40,313
57,188
71,909
61,325
43,443
49,776
50,902
42,743
37,180
58,663
92,195
51,543
42,547
49,278
47,106
42,423
44,424
72,558
79,877
61,843
95,702
107,545
97,066
109,407
145,254
102,721
102,721
138,965
127,166
109,316
133,205
137,566
123,139
118,493
213,619
152,883
195,351
175,801
150,406
185,682
202,917
142,933
133,035
142,812
180,236
208,599
226,359
246,899
281,958
282,371
285,636
342,607
345,928
270,090
202,118
375,400
662,635
228,530
421,669
245,466
245,763
235,950
274,942
219,542
353,825
320,655

320,655

353,825

219,542

274,942

235,950

245,763

245,466

421,669

228,530

662,635

375,400

202,118

270,090

345,928

342,607

285,636

282,371

281,958

246,899

226,359

208,599

180,236

142,812

133,035

142,933

202,917

185,682

150,406

175,801

195,351

152,883

213,619

118,493

123,139

137,566

133,205

109,316

127,166

138,965

102,721

145,254

109,407

97,066

107,545

95,702

61,843

79,877

72,558

44,424

42,423

47,106

49,278

42,547

51,543

92,195

58,663

37,180

42,743

50,902

49,776

43,443

61,325

71,909

57,188

40,313

44,968

33,359

79,964

57,889

48,578

51,749

52,815

72,053

79,790

55,205

55,346

87,829

76,679

55,117

46,084

49,247

48,541

42,203

35,465

57,380

41,177

35,693

48,615

43,205

41,236

45,750

43,226

37,864

44,128

41,603

31,602

41,700

26,300

21,100

Short-term Investments

0
0
0
0
0
0
0
6,685
0
0
0
0
0
297,494
327,790
2,690
372,290
420,871
509,642
3,324
551,195
523,529
504,065
7,365
551,291
490,913
528,560
10,176
445,576
436,493
388,952
32,076
262,460
274,390
265,050
10,351
266,161
252,220
235,562
14,538
315,234
406,083
488,124
26,794
396,089
439,968
437,597
487,107
469,969
444,067
448,885
471,944
446,113
416,984
419,449
393,710
370,234
397,763
418,562
431,106
431,106
415,643
444,292
457,449
473,452
461,686
424,893
442,349
441,147
460,390
480,392
606,704
687,352
673,164
647,292
646,135
623,242
606,231
613,243
638,618
659,238
664,122
720,405
755,900
813,090
811,981
783,331
855,746
968,394
988,673
529,381
769,956
1,170,938
1,139,414
1,074,013
1,054,312
1,029,127
988,973
942,510
946,282

946,282

942,510

988,973

1,029,127

1,054,312

1,074,013

1,139,414

1,170,938

769,956

529,381

988,673

968,394

855,746

783,331

811,981

813,090

755,900

720,405

664,122

659,238

638,618

613,243

606,231

623,242

646,135

647,292

673,164

687,352

606,704

480,392

460,390

441,147

442,349

424,893

461,686

473,452

457,449

444,292

415,643

431,106

418,562

397,763

370,234

393,710

419,449

416,984

446,113

471,944

448,885

444,067

469,969

487,107

437,597

439,968

396,089

26,794

488,124

406,083

315,234

14,538

235,562

252,220

266,161

10,351

265,050

274,390

262,460

32,076

388,952

436,493

445,576

10,176

528,560

490,913

551,291

7,365

504,065

523,529

551,195

3,324

509,642

420,871

372,290

2,690

327,790

297,494

6,685

Net Receivables

4,300
4,500
6,000
5,979
5,495
6,067
5,922
6,247
5,859
5,102
5,402
5,041
5,248
5,318
5,312
5,495
5,467
5,272
6,343
6,391
6,528
6,329
7,939
8,002
8,203
7,525
8,504
8,851
8,563
8,542
8,580
8,509
8,293
8,164
8,532
8,579
8,304
7,889
8,139
8,598
8,533
8,780
9,444
8,943
9,182
8,874
8,787
8,849
8,583
8,094
8,128
8,369
8,503
7,771
8,065
7,643
7,743
8,629
8,173
8,603
8,603
8,353
8,512
8,896
8,860
8,911
8,827
9,208
10,658
10,480
11,551
12,557
13,345
13,192
13,592
14,416
14,675
14,612
15,435
16,114
17,515
17,365
16,573
16,832
16,775
23,344
21,480
19,339
19,840
18,309
18,182
19,209
24,999
26,339
29,542
33,374
34,220
34,232
36,612
37,508

37,508

36,612

34,232

34,220

33,374

29,542

26,339

24,999

19,209

18,182

18,309

19,840

19,339

21,480

23,344

16,775

16,832

16,573

17,365

17,515

16,114

15,435

14,612

14,675

14,416

13,592

13,192

13,345

12,557

11,551

10,480

10,658

9,208

8,827

8,911

8,860

8,896

8,512

8,353

8,603

8,173

8,629

7,743

7,643

8,065

7,771

8,503

8,369

8,128

8,094

8,583

8,849

8,787

8,874

9,182

8,943

9,444

8,780

8,533

8,598

8,139

7,889

8,304

8,579

8,532

8,164

8,293

8,509

8,580

8,542

8,563

8,851

8,504

7,525

8,203

8,002

7,939

6,329

6,528

6,391

6,343

5,272

5,467

5,495

5,312

5,318

5,248

5,041

5,402

5,102

5,859

6,247

5,922

6,067

5,495

5,979

6,000

4,500

4,300

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
-5,318
-5,312
0
0
0
862,206
877,285
885,279
917,354
1,180,073
1,206,777
1,218,699
1,247,933
1,298,834
1,348,072
1,379,650
1,471,952
1,538,430
1,627,628
1,713,711
1,755,641
1,880,207
1,924,430
1,975,160
2,022,246
2,068,971
2,072,672
2,069,779
2,036,040
2,027,848
2,081,064
2,075,920
2,049,684
2,093,785
2,065,624
2,025,766
2,031,974
2,038,941
2,086,351
2,125,460
2,141,250
2,112,738
1,798,779
1,845,995
2,101,448
2,061,767
0
2,092,965
2,247,106
2,221,640
2,249,630
2,275,567
2,358,905
2,492,741
2,593,011
3,003,603
3,080,161
3,403,160
3,352,424
3,370,769
3,489,042
3,564,709
3,627,227
3,724,113
3,800,078
3,841,816
3,947,201
4,397,886
4,409,552
4,360,262
4,533,304
4,727,098
5,146,126
5,251,492
5,333,084
5,289,353
5,151,193
5,503,036
5,348,246
26,905
271,805
275,305
269,324
309,162
253,774
390,437
358,163

358,163

390,437

253,774

309,162

269,324

275,305

271,805

26,905

5,348,246

5,503,036

5,151,193

5,289,353

5,333,084

5,251,492

5,146,126

4,727,098

4,533,304

4,360,262

4,409,552

4,397,886

3,947,201

3,841,816

3,800,078

3,724,113

3,627,227

3,564,709

3,489,042

3,370,769

3,352,424

3,403,160

3,080,161

3,003,603

2,593,011

2,492,741

2,358,905

2,275,567

2,249,630

2,221,640

2,247,106

2,092,965

2,061,767

2,101,448

1,845,995

1,798,779

2,112,738

2,141,250

2,125,460

2,086,351

2,038,941

2,031,974

2,025,766

2,065,624

2,093,785

2,049,684

2,075,920

2,081,064

2,027,848

2,036,040

2,069,779

2,072,672

2,068,971

2,022,246

1,975,160

1,924,430

1,880,207

1,755,641

1,713,711

1,627,628

1,538,430

1,471,952

1,379,650

1,348,072

1,298,834

1,247,933

1,218,699

1,206,777

1,180,073

917,354

885,279

877,285

862,206

-5,312

-5,318

> Long-term Assets

206,100
209,400
309,200
299,618
297,426
306,802
308,408
320,136
328,056
321,795
360,859
368,126
374,275
25,528
25,441
25,167
24,867
25,014
612,209
655,530
646,625
642,074
772,081
870,896
831,514
763,996
811,547
796,295
722,631
713,588
652,790
547,472
528,544
530,483
516,664
523,574
500,054
480,583
460,175
511,579
546,830
628,555
694,991
575,298
590,679
628,456
624,352
668,923
655,265
629,602
629,441
658,672
631,563
627,463
635,793
611,026
586,931
645,164
665,544
2,776,026
682,396
669,481
697,295
713,034
736,680
732,059
693,500
706,489
735,206
763,946
813,837
945,645
1,025,943
1,001,107
970,971
974,928
982,764
970,755
976,327
995,561
1,064,065
1,069,257
1,113,276
1,122,829
1,171,309
1,164,458
1,119,953
1,186,038
1,292,056
1,320,663
1,459,245
1,832,115
2,497,182
2,462,345
2,388,162
2,351,301
2,304,407
2,238,989
2,158,272
10,790,357

10,790,357

2,158,272

2,238,989

2,304,407

2,351,301

2,388,162

2,462,345

2,497,182

1,832,115

1,459,245

1,320,663

1,292,056

1,186,038

1,119,953

1,164,458

1,171,309

1,122,829

1,113,276

1,069,257

1,064,065

995,561

976,327

970,755

982,764

974,928

970,971

1,001,107

1,025,943

945,645

813,837

763,946

735,206

706,489

693,500

732,059

736,680

713,034

697,295

669,481

682,396

2,776,026

665,544

645,164

586,931

611,026

635,793

627,463

631,563

658,672

629,441

629,602

655,265

668,923

624,352

628,456

590,679

575,298

694,991

628,555

546,830

511,579

460,175

480,583

500,054

523,574

516,664

530,483

528,544

547,472

652,790

713,588

722,631

796,295

811,547

763,996

831,514

870,896

772,081

642,074

646,625

655,530

612,209

25,014

24,867

25,167

25,441

25,528

374,275

368,126

360,859

321,795

328,056

320,136

308,408

306,802

297,426

299,618

309,200

209,400

206,100

Property Plant Equipment

14,100
14,100
23,900
21,897
21,876
22,377
23,050
24,396
24,762
25,043
24,857
24,785
24,588
25,528
25,441
25,167
24,867
25,014
28,062
27,510
27,304
27,633
32,075
31,749
31,376
31,626
31,853
32,428
31,953
32,459
32,424
32,072
31,407
31,441
30,803
30,093
29,701
29,273
29,353
29,479
29,801
29,758
29,815
29,196
28,794
28,082
27,792
27,554
27,801
27,402
27,311
27,917
29,108
32,020
33,237
33,280
32,722
37,883
37,351
37,148
37,148
36,202
36,049
35,675
35,626
35,524
35,439
35,881
49,929
49,322
52,384
52,236
51,286
50,411
49,699
50,313
50,360
50,409
50,127
49,175
70,942
68,704
65,325
65,890
65,239
65,396
64,838
65,267
64,738
63,154
60,972
61,138
85,872
81,700
80,524
75,481
74,885
73,592
71,468
68,854

68,854

71,468

73,592

74,885

75,481

80,524

81,700

85,872

61,138

60,972

63,154

64,738

65,267

64,838

65,396

65,239

65,890

65,325

68,704

70,942

49,175

50,127

50,409

50,360

50,313

49,699

50,411

51,286

52,236

52,384

49,322

49,929

35,881

35,439

35,524

35,626

35,675

36,049

36,202

37,148

37,351

37,883

32,722

33,280

33,237

32,020

29,108

27,917

27,311

27,402

27,801

27,554

27,792

28,082

28,794

29,196

29,815

29,758

29,801

29,479

29,353

29,273

29,701

30,093

30,803

31,441

31,407

32,072

32,424

32,459

31,953

32,428

31,853

31,626

31,376

31,749

32,075

27,633

27,304

27,510

28,062

25,014

24,867

25,167

25,441

25,528

24,588

24,785

24,857

25,043

24,762

24,396

23,050

22,377

21,876

21,897

23,900

14,100

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,960
0
0
0
86,600
0
0
0
87,100
0
0
0
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
87,111
110,381
110,381
109,974
109,974
109,974
109,974
109,974
109,974
109,974
109,974
109,974
125,443
125,285
136,392
136,392
135,747
136,433
136,433
136,433
136,433
136,433
136,433
136,433
154,153
155,830
156,277
156,277
156,277
156,277
156,277
156,277
156,277
156,277
156,277
156,277
271,829
271,829
271,829
271,829
271,829
271,829
271,829
271,829

271,829

156,277

155,830

154,153

136,433

135,747

136,392

125,285

125,443

109,974

110,381

87,111

87,100

86,600

24,960

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
2,035,666
2,039,013
2,093,228
2,122,500
2,159,360
2,140,171
2,222,480
2,245,727
2,524,495
2,503,703
2,550,748
2,577,560
2,692,903
2,696,658
2,740,606
2,785,528
2,859,735
2,952,650
3,061,507
3,463,423
3,563,879
3,916,328
4,001,266
4,102,085
4,170,445
4,206,082
4,271,822
4,355,127
5,022,302
5,079,419
4,589,905
5,720,073
5,726,917
5,775,929
896,348
6,228,454
938,997
906,901
967,186
1,054,618
1,098,391
1,239,365
1,612,280
2,128,639
2,098,566
2,026,140
1,994,903
1,949,121
1,885,508
1,807,416
1,800,356

1,800,356

1,807,416

1,885,508

1,949,121

1,994,903

2,026,140

2,098,566

2,128,639

1,612,280

1,239,365

1,098,391

1,054,618

967,186

906,901

938,997

6,228,454

896,348

5,775,929

5,726,917

5,720,073

4,589,905

5,079,419

5,022,302

4,355,127

4,271,822

4,206,082

4,170,445

4,102,085

4,001,266

3,916,328

3,563,879

3,463,423

3,061,507

2,952,650

2,859,735

2,785,528

2,740,606

2,696,658

2,692,903

2,577,560

2,550,748

2,503,703

2,524,495

2,245,727

2,222,480

2,140,171

2,159,360

2,122,500

2,093,228

2,039,013

2,035,666

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28,309
27,609
28,383
28,383
94,314
94,119
94,341
93,973
93,670
93,395
92,946
92,648
92,351
4,942
4,646
4,348
4,050
3,763
3,497
3,232
2,967
2,701
2,436
2,170
1,905
1,640
1,374
1,109
843
578
312
47
87,111
87,111
87,111
87,111
87,111
87,111
87,111
2,671
2,548
2,424
2,424
2,182
2,071
1,960
1,849
1,742
1,644
1,545
2,891
2,728
3,545
3,344
3,149
2,631
2,526
2,362
2,205
2,052
1,910
1,768
5,192
4,891
4,602
4,314
4,049
3,788
3,538
3,288
3,063
2,841
2,631
2,420
10,842
10,250
9,669
9,088
8,572
8,060
7,559
7,058

7,058

7,559

8,060

8,572

9,088

9,669

10,250

10,842

2,420

2,631

2,841

3,063

3,288

3,538

3,788

4,049

4,314

4,602

4,891

5,192

1,768

1,910

2,052

2,205

2,362

2,526

2,631

3,149

3,344

3,545

2,728

2,891

1,545

1,644

1,742

1,849

1,960

2,071

2,182

2,424

2,548

2,671

87,111

312

578

843

1,109

1,374

1,640

1,905

2,170

2,436

2,701

2,967

3,232

3,497

3,763

4,050

4,348

4,646

4,942

92,351

92,648

92,946

93,395

93,670

93,973

94,341

94,119

94,314

28,383

27,609

28,309

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
872,366
888,080
940,560
927,173
990,493
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

990,493

927,173

940,560

888,080

872,366

Other Assets

324,800
335,600
483,000
492,971
495,655
505,477
522,098
537,003
551,726
590,553
602,686
622,556
661,994
1,059,599
1,101,140
1,149,163
816,917
856,270
2,142,214
2,240,820
2,240,174
2,284,510
2,820,003
3,011,917
2,945,135
2,863,240
3,002,485
3,002,328
2,885,224
2,956,248
2,910,479
2,811,045
2,812,451
2,869,739
2,962,380
3,037,345
3,055,481
3,052,626
3,040,903
3,154,204
3,222,874
3,344,673
3,464,454
3,299,266
3,358,655
3,367,013
3,393,823
3,461,597
3,406,841
3,370,937
3,371,209
3,484,622
3,483,910
3,480,665
3,495,440
3,529,729
3,494,900
3,907,575
3,964,844
737,055
4,000,187
4,149,029
4,196,200
4,251,359
4,364,444
4,431,186
4,436,600
4,576,039
5,139,439
5,231,806
5,718,128
6,038,776
6,273,758
6,363,294
6,370,452
6,380,567
6,460,593
6,505,243
6,603,384
6,801,654
7,429,128
7,476,452
7,605,750
7,834,065
7,013,908
7,488,516
7,522,184
7,664,297
7,771,761
7,854,238
8,172,479
8,198,056
6,160,445
6,500,614
6,778,119
7,108,903
7,194,545
7,416,230
7,685,590
0

7,685,590

7,416,230

7,194,545

7,108,903

6,778,119

6,500,614

6,160,445

8,198,056

8,172,479

7,854,238

7,771,761

7,664,297

7,522,184

7,488,516

7,013,908

7,834,065

7,605,750

7,476,452

7,429,128

6,801,654

6,603,384

6,505,243

6,460,593

6,380,567

6,370,452

6,363,294

6,273,758

6,038,776

5,718,128

5,231,806

5,139,439

4,576,039

4,436,600

4,431,186

4,364,444

4,251,359

4,196,200

4,149,029

4,000,187

737,055

3,964,844

3,907,575

3,494,900

3,529,729

3,495,440

3,480,665

3,483,910

3,484,622

3,371,209

3,370,937

3,406,841

3,461,597

3,393,823

3,367,013

3,358,655

3,299,266

3,464,454

3,344,673

3,222,874

3,154,204

3,040,903

3,052,626

3,055,481

3,037,345

2,962,380

2,869,739

2,812,451

2,811,045

2,910,479

2,956,248

2,885,224

3,002,328

3,002,485

2,863,240

2,945,135

3,011,917

2,820,003

2,284,510

2,240,174

2,240,820

2,142,214

856,270

816,917

1,149,163

1,101,140

1,059,599

661,994

622,556

602,686

590,553

551,726

537,003

522,098

505,477

495,655

492,971

483,000

335,600

324,800

> Total Liabilities

502,400
522,100
766,800
757,888
766,850
787,918
798,128
827,988
849,855
876,389
926,257
958,771
990,390
1,034,542
1,094,144
1,116,338
1,169,275
1,235,904
1,420,376
1,474,339
1,475,857
1,532,117
1,853,435
1,946,473
1,922,646
1,905,388
2,000,666
2,014,252
1,973,563
2,053,069
2,060,998
2,064,073
2,080,601
2,135,151
2,237,270
2,302,172
2,340,379
2,355,536
2,361,061
2,421,684
2,396,567
2,450,375
2,500,363
2,455,982
2,495,292
2,460,695
2,508,746
2,531,965
2,506,505
2,490,767
2,486,870
2,566,167
2,610,392
2,606,261
2,582,103
2,637,836
2,624,092
2,921,302
2,951,775
2,966,367
2,966,367
3,111,715
3,126,366
3,158,887
3,239,680
3,308,267
3,345,413
3,469,034
3,957,358
4,012,926
4,405,569
4,543,087
4,690,173
4,794,642
4,822,400
4,822,517
4,889,181
4,936,624
5,019,502
5,182,354
5,683,720
5,708,732
5,779,270
5,985,973
6,276,986
6,743,027
6,768,612
6,900,513
7,003,696
7,057,562
7,358,351
7,371,042
9,185,951
9,284,033
9,433,193
9,675,253
9,710,661
239,196
538,214
9,979,151

9,979,151

538,214

239,196

9,710,661

9,675,253

9,433,193

9,284,033

9,185,951

7,371,042

7,358,351

7,057,562

7,003,696

6,900,513

6,768,612

6,743,027

6,276,986

5,985,973

5,779,270

5,708,732

5,683,720

5,182,354

5,019,502

4,936,624

4,889,181

4,822,517

4,822,400

4,794,642

4,690,173

4,543,087

4,405,569

4,012,926

3,957,358

3,469,034

3,345,413

3,308,267

3,239,680

3,158,887

3,126,366

3,111,715

2,966,367

2,951,775

2,921,302

2,624,092

2,637,836

2,582,103

2,606,261

2,610,392

2,566,167

2,486,870

2,490,767

2,506,505

2,531,965

2,508,746

2,460,695

2,495,292

2,455,982

2,500,363

2,450,375

2,396,567

2,421,684

2,361,061

2,355,536

2,340,379

2,302,172

2,237,270

2,135,151

2,080,601

2,064,073

2,060,998

2,053,069

1,973,563

2,014,252

2,000,666

1,905,388

1,922,646

1,946,473

1,853,435

1,532,117

1,475,857

1,474,339

1,420,376

1,235,904

1,169,275

1,116,338

1,094,144

1,034,542

990,390

958,771

926,257

876,389

849,855

827,988

798,128

787,918

766,850

757,888

766,800

522,100

502,400

> Total Current Liabilities

3,000
7,300
0
751,900
760,900
781,900
797,100
817,000
828,900
855,400
905,300
937,800
959,400
1,003,500
1,063,100
1,085,300
1,138,300
1,174,900
1,355,900
1,384,800
1,384,700
1,441,900
1,754,400
1,847,500
1,830,400
1,803,600
1,898,900
1,912,500
1,854,700
1,934,700
1,912,400
1,915,700
1,942,600
1,957,000
2,039,100
2,053,100
2,051,700
2,057,200
2,017,800
2,133,500
2,108,400
2,162,200
2,222,200
2,232,800
2,272,100
2,237,500
2,315,500
2,259,700
2,299,200
2,283,500
2,299,600
2,333,900
2,398,100
2,384,000
2,409,800
2,501,300
2,497,600
2,803,800
2,834,300
2,806,200
2,806,200
2,896,500
2,905,500
2,915,200
2,975,700
3,004,300
3,069,700
3,165,900
3,616,100
3,686,900
4,006,900
4,177,400
4,412,000
4,377,500
4,521,000
4,525,600
4,627,300
4,655,300
4,749,900
5,077,327
20,823
20,175
19,509
5,867,753
19,126
18,976
18,471
6,455,783
17,574
16,847
16,105
7,072,276
28,694
27,639
27,224
4,039,305
20,644
19,710
18,618
3,533,494

3,533,494

18,618

19,710

20,644

4,039,305

27,224

27,639

28,694

7,072,276

16,105

16,847

17,574

6,455,783

18,471

18,976

19,126

5,867,753

19,509

20,175

20,823

5,077,327

4,749,900

4,655,300

4,627,300

4,525,600

4,521,000

4,377,500

4,412,000

4,177,400

4,006,900

3,686,900

3,616,100

3,165,900

3,069,700

3,004,300

2,975,700

2,915,200

2,905,500

2,896,500

2,806,200

2,834,300

2,803,800

2,497,600

2,501,300

2,409,800

2,384,000

2,398,100

2,333,900

2,299,600

2,283,500

2,299,200

2,259,700

2,315,500

2,237,500

2,272,100

2,232,800

2,222,200

2,162,200

2,108,400

2,133,500

2,017,800

2,057,200

2,051,700

2,053,100

2,039,100

1,957,000

1,942,600

1,915,700

1,912,400

1,934,700

1,854,700

1,912,500

1,898,900

1,803,600

1,830,400

1,847,500

1,754,400

1,441,900

1,384,700

1,384,800

1,355,900

1,174,900

1,138,300

1,085,300

1,063,100

1,003,500

959,400

937,800

905,300

855,400

828,900

817,000

797,100

781,900

760,900

751,900

7,300

3,000

Short-term Debt

3,000
7,300
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
352,708
0
0
0
455,895
438,872
418,433
323,574
424,349
258,275
541,091
81,307
20,000
66,195
66,082
64,348
40,264
20,823
20,175
19,509
55,881
19,126
18,976
18,471
7,300
17,574
16,847
16,105
0
28,694
27,639
27,224
733,663
20,644
19,710
18,618
718,439

718,439

18,618

19,710

20,644

733,663

27,224

27,639

28,694

16,105

16,847

17,574

7,300

18,471

18,976

19,126

55,881

19,509

20,175

20,823

40,264

64,348

66,082

66,195

20,000

81,307

541,091

258,275

424,349

323,574

418,433

438,872

455,895

352,708

7,300

3,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
352,708
0
0
0
455,895
438,872
418,433
323,574
424,349
258,275
541,091
81,307
20,000
66,195
66,082
64,348
40,264
50,028
35,106
45,707
55,881
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

55,881

45,707

35,106

50,028

40,264

64,348

66,082

66,195

20,000

81,307

541,091

258,275

424,349

323,574

418,433

438,872

455,895

352,708

Accounts payable

0
0
0
0
745,825
763,828
776,311
800,762
812,789
841,784
883,389
912,110
937,054
978,020
1,038,733
1,059,092
1,118,091
1,147,965
1,332,091
1,325,682
1,343,645
1,416,758
1,701,661
1,726,804
1,737,349
1,689,980
1,805,564
1,798,160
1,762,215
1,793,621
1,850,220
1,860,627
1,869,949
1,877,489
1,971,311
1,987,405
1,938,772
1,956,212
1,951,541
2,056,133
2,035,171
2,089,045
2,144,151
2,157,187
2,202,776
2,170,145
2,234,772
2,195,889
2,238,512
2,182,383
2,232,565
2,249,653
2,288,128
2,277,400
2,341,108
2,370,997
2,388,675
2,672,859
2,708,454
2,709,205
2,736,733
2,726,850
2,776,931
2,790,819
2,842,565
2,842,953
2,919,673
2,995,571
3,462,636
3,537,331
3,941,742
4,092,835
4,293,393
4,227,204
4,356,996
4,368,748
4,447,965
4,400,019
4,642,443
4,620,670
5,064,584
5,082,598
5,210,619
5,293,779
5,455,138
6,125,502
6,266,516
6,455,783
6,635,226
6,715,035
6,930,912
6,965,823
8,748,909
8,501,804
8,677,799
8,567,471
8,536,943
0
0
0

8,536,943

8,567,471

8,677,799

8,501,804

8,748,909

6,965,823

6,930,912

6,715,035

6,635,226

6,455,783

6,266,516

6,125,502

5,455,138

5,293,779

5,210,619

5,082,598

5,064,584

4,620,670

4,642,443

4,400,019

4,447,965

4,368,748

4,356,996

4,227,204

4,293,393

4,092,835

3,941,742

3,537,331

3,462,636

2,995,571

2,919,673

2,842,953

2,842,565

2,790,819

2,776,931

2,726,850

2,736,733

2,709,205

2,708,454

2,672,859

2,388,675

2,370,997

2,341,108

2,277,400

2,288,128

2,249,653

2,232,565

2,182,383

2,238,512

2,195,889

2,234,772

2,170,145

2,202,776

2,157,187

2,144,151

2,089,045

2,035,171

2,056,133

1,951,541

1,956,212

1,938,772

1,987,405

1,971,311

1,877,489

1,869,949

1,860,627

1,850,220

1,793,621

1,762,215

1,798,160

1,805,564

1,689,980

1,737,349

1,726,804

1,701,661

1,416,758

1,343,645

1,325,682

1,332,091

1,147,965

1,118,091

1,059,092

1,038,733

978,020

937,054

912,110

883,389

841,784

812,789

800,762

776,311

763,828

745,825

Other Current Liabilities

-3,000
-7,300
0
751,900
760,900
781,900
797,100
817,000
828,900
855,400
905,300
937,800
959,400
1,003,500
1,063,100
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
2,182,383
2,232,565
2,249,653
2,288,128
2,277,400
2,341,108
2,370,997
2,388,675
2,672,859
2,708,454
2,709,205
2,736,733
2,726,850
2,776,931
2,790,819
2,842,565
2,842,953
2,919,673
2,995,572
3,462,636
3,537,331
3,941,742
4,092,835
4,293,393
4,227,204
4,356,996
4,368,748
4,447,965
4,400,019
4,642,443
4,620,670
5,064,584
5,082,598
5,210,619
0
5,455,138
6,125,502
6,266,516
6,455,783
6,635,226
6,715,035
6,930,912
6,965,823
8,748,909
8,501,804
8,677,799
3,305,642
8,536,943
8,444,681
0
2,815,055

2,815,055

8,444,681

8,536,943

3,305,642

8,677,799

8,501,804

8,748,909

6,965,823

6,930,912

6,715,035

6,635,226

6,455,783

6,266,516

6,125,502

5,455,138

5,210,619

5,082,598

5,064,584

4,620,670

4,642,443

4,400,019

4,447,965

4,368,748

4,356,996

4,227,204

4,293,393

4,092,835

3,941,742

3,537,331

3,462,636

2,995,572

2,919,673

2,842,953

2,842,565

2,790,819

2,776,931

2,726,850

2,736,733

2,709,205

2,708,454

2,672,859

2,388,675

2,370,997

2,341,108

2,277,400

2,288,128

2,249,653

2,232,565

2,182,383

1,063,100

1,003,500

959,400

937,800

905,300

855,400

828,900

817,000

797,100

781,900

760,900

751,900

-7,300

-3,000

> Long-term Liabilities

0
0
5,000
6,000
6,000
6,000
1,000
11,000
21,000
21,000
21,000
21,000
31,000
31,000
31,000
31,000
31,000
31,000
64,500
89,500
91,203
90,203
98,963
98,991
92,206
101,759
101,762
101,764
118,861
118,414
148,554
148,413
138,008
178,177
198,177
249,077
288,672
298,339
343,325
288,222
288,222
288,222
278,222
223,222
223,222
223,222
193,222
272,322
207,322
207,322
187,322
232,322
212,322
222,322
172,322
76,548
126,548
117,548
117,548
257,162
110,238
215,238
220,938
173,736
263,966
303,966
275,666
253,143
341,269
326,009
398,671
325,650
278,238
417,093
301,411
276,913
281,906
301,339
289,635
286,145
314,799
314,197
303,538
303,850
278,070
292,930
271,830
161,440
160,841
154,892
228,212
220,566
247,598
246,666
9,433,193
9,675,253
9,690,017
239,196
538,214
6,445,657

6,445,657

538,214

239,196

9,690,017

9,675,253

9,433,193

246,666

247,598

220,566

228,212

154,892

160,841

161,440

271,830

292,930

278,070

303,850

303,538

314,197

314,799

286,145

289,635

301,339

281,906

276,913

301,411

417,093

278,238

325,650

398,671

326,009

341,269

253,143

275,666

303,966

263,966

173,736

220,938

215,238

110,238

257,162

117,548

126,548

76,548

172,322

222,322

212,322

232,322

187,322

207,322

272,322

193,222

223,222

278,222

288,222

343,325

298,339

288,672

249,077

198,177

178,177

138,008

148,413

148,554

118,414

118,861

101,764

101,762

101,759

92,206

98,991

98,963

90,203

91,203

89,500

64,500

31,000

21,000

11,000

1,000

6,000

5,000

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
207,322
187,322
232,322
212,322
222,322
172,322
136,548
126,548
117,548
117,548
160,238
160,238
215,238
220,938
243,736
263,966
303,966
275,666
303,143
341,269
326,009
398,671
365,650
278,238
417,093
301,411
296,913
281,906
301,339
289,635
286,145
293,976
294,022
284,029
118,220
258,944
273,954
253,359
143,257
143,267
138,045
212,107
204,043
218,904
219,027
219,148
0
219,376
219,486
0
0

219,486

219,376

219,148

219,027

218,904

204,043

212,107

138,045

143,267

143,257

253,359

273,954

258,944

118,220

284,029

294,022

293,976

286,145

289,635

301,339

281,906

296,913

301,411

417,093

278,238

365,650

398,671

326,009

341,269

303,143

275,666

303,966

263,966

243,736

220,938

215,238

160,238

117,548

126,548

136,548

172,322

222,322

212,322

232,322

187,322

207,322

Other Liabilities

0
0
0
0
4,777
5,478
6,392
5,576
7,897
6,455
5,736
5,737
6,326
4,756
5,404
6,272
6,856
7,400
6,405
7,734
8,723
5,862
9,409
9,848
11,206
10,566
12,513
11,129
12,051
10,656
11,761
13,972
13,779
14,181
13,631
16,396
16,496
13,106
13,146
14,966
27,980
25,111
15,989
11,901
11,968
13,152
12,304
11,631
14,289
10,811
13,808
12,061
13,489
13,581
14,092
13,002
14,554
14,268
15,248
14,933
14,258
13,116
15,701
15,397
15,798
15,099
18,718
19,086
24,612
25,924
35,457
28,248
33,692
31,858
30,033
31,920
25,013
27,725
28,636
30,598
28,721
30,265
31,357
32,834
33,209
40,911
36,943
113,730
95,630
87,445
87,320
78,200
86,533
103,357
151,235
40,424
120,370
44,372
0
0

44,372

120,370

40,424

151,235

103,357

86,533

78,200

87,320

87,445

95,630

113,730

36,943

40,911

33,209

32,834

31,357

30,265

28,721

30,598

28,636

27,725

25,013

31,920

30,033

31,858

33,692

28,248

35,457

25,924

24,612

19,086

18,718

15,099

15,798

15,397

15,701

13,116

14,258

14,933

15,248

14,268

14,554

13,002

14,092

13,581

13,489

12,061

13,808

10,811

14,289

11,631

12,304

13,152

11,968

11,901

15,989

25,111

27,980

14,966

13,146

13,106

16,496

16,396

13,631

14,181

13,779

13,972

11,761

10,656

12,051

11,129

12,513

10,566

11,206

9,848

9,409

5,862

8,723

7,734

6,405

7,400

6,856

6,272

5,404

4,756

6,326

5,737

5,736

6,455

7,897

5,576

6,392

5,478

4,777

> Total Stockholder Equity

53,900
53,700
73,100
72,282
73,329
74,556
76,164
78,624
81,536
82,297
85,895
85,567
86,820
91,762
89,817
90,767
92,469
95,689
109,629
110,951
117,692
110,319
194,487
194,548
190,975
193,856
190,272
191,781
189,030
189,591
196,691
199,500
203,306
204,105
208,446
211,599
215,048
216,507
219,667
220,941
279,477
265,743
269,100
267,986
272,684
277,862
260,725
260,709
245,071
250,568
254,898
259,783
241,955
246,941
277,544
280,867
283,877
341,109
347,525
351,424
351,424
367,833
372,539
379,438
388,084
390,860
397,687
400,516
446,875
454,934
498,722
550,044
557,642
567,545
577,081
583,122
588,648
597,864
607,555
623,739
681,343
698,463
713,204
725,263
736,922
745,489
753,572
763,784
768,065
796,676
814,128
827,014
1,089,282
1,090,145
1,082,406
1,108,587
1,126,580
1,131,702
1,135,627
1,169,369

1,169,369

1,135,627

1,131,702

1,126,580

1,108,587

1,082,406

1,090,145

1,089,282

827,014

814,128

796,676

768,065

763,784

753,572

745,489

736,922

725,263

713,204

698,463

681,343

623,739

607,555

597,864

588,648

583,122

577,081

567,545

557,642

550,044

498,722

454,934

446,875

400,516

397,687

390,860

388,084

379,438

372,539

367,833

351,424

347,525

341,109

283,877

280,867

277,544

246,941

241,955

259,783

254,898

250,568

245,071

260,709

260,725

277,862

272,684

267,986

269,100

265,743

279,477

220,941

219,667

216,507

215,048

211,599

208,446

204,105

203,306

199,500

196,691

189,591

189,030

191,781

190,272

193,856

190,975

194,548

194,487

110,319

117,692

110,951

109,629

95,689

92,469

90,767

89,817

91,762

86,820

85,567

85,895

82,297

81,536

78,624

76,164

74,556

73,329

72,282

73,100

53,700

53,900

Common Stock

21,300
40,200
71,400
71,330
71,291
71,244
71,212
77,857
77,853
77,846
77,758
88,273
88,198
88,194
88,178
101,664
101,525
101,505
131,162
131,116
131,093
130,968
207,537
208,933
208,724
226,188
226,186
226,322
226,278
242,672
242,619
242,661
241,797
241,768
258,260
258,037
258,068
257,307
257,270
257,051
259,942
259,808
259,787
257,051
258,510
258,567
258,497
271,595
269,959
270,050
270,068
270,044
278,509
278,593
303,719
303,794
302,660
361,797
362,549
364,637
364,637
383,362
383,819
384,095
385,219
385,565
385,941
386,287
424,101
424,409
461,460
510,861
511,575
511,967
512,383
512,734
513,232
513,756
514,212
514,703
558,245
558,768
559,595
560,263
560,653
561,257
561,817
562,421
562,984
563,980
564,974
565,862
852,110
853,206
854,336
855,425
855,657
856,807
857,707
858,857

858,857

857,707

856,807

855,657

855,425

854,336

853,206

852,110

565,862

564,974

563,980

562,984

562,421

561,817

561,257

560,653

560,263

559,595

558,768

558,245

514,703

514,212

513,756

513,232

512,734

512,383

511,967

511,575

510,861

461,460

424,409

424,101

386,287

385,941

385,565

385,219

384,095

383,819

383,362

364,637

362,549

361,797

302,660

303,794

303,719

278,593

278,509

270,044

270,068

270,050

269,959

271,595

258,497

258,567

258,510

257,051

259,787

259,808

259,942

257,051

257,270

257,307

258,068

258,037

258,260

241,768

241,797

242,661

242,619

242,672

226,278

226,322

226,186

226,188

208,724

208,933

207,537

130,968

131,093

131,116

131,162

101,505

101,525

101,664

88,178

88,194

88,198

88,273

77,758

77,846

77,853

77,857

71,212

71,244

71,291

71,330

71,400

40,200

21,300

Retained Earnings

10,900
12,000
3,600
3,548
5,002
6,487
8,062
3,035
4,422
6,044
7,697
-931
1,078
3,357
1,353
-9,436
-7,245
-4,848
-15,366
-12,980
-11,007
-8,888
-6,418
-3,847
-1,350
-15,855
-12,553
-9,514
-6,929
-20,444
-17,447
-17,526
-14,853
-11,540
-25,532
-24,465
-21,799
-21,268
-17,771
-19,246
-18,980
-34,963
-35,028
-34,961
-32,489
-29,841
-27,760
-38,004
-35,671
-32,634
-29,351
-26,061
-35,593
-31,764
-27,895
-24,145
-21,117
-17,305
-13,192
-8,538
-8,538
-16,647
-11,267
-6,180
-1,338
3,281
7,861
13,079
17,662
23,836
30,903
38,590
46,375
54,969
63,917
72,737
85,257
95,586
106,834
116,874
126,787
137,887
150,399
162,752
168,780
174,267
182,329
191,418
208,224
228,803
244,092
259,340
266,460
286,063
305,303
329,375
339,680
352,779
365,498
376,044

376,044

365,498

352,779

339,680

329,375

305,303

286,063

266,460

259,340

244,092

228,803

208,224

191,418

182,329

174,267

168,780

162,752

150,399

137,887

126,787

116,874

106,834

95,586

85,257

72,737

63,917

54,969

46,375

38,590

30,903

23,836

17,662

13,079

7,861

3,281

-1,338

-6,180

-11,267

-16,647

-8,538

-13,192

-17,305

-21,117

-24,145

-27,895

-31,764

-35,593

-26,061

-29,351

-32,634

-35,671

-38,004

-27,760

-29,841

-32,489

-34,961

-35,028

-34,963

-18,980

-19,246

-17,771

-21,268

-21,799

-24,465

-25,532

-11,540

-14,853

-17,526

-17,447

-20,444

-6,929

-9,514

-12,553

-15,855

-1,350

-3,847

-6,418

-8,888

-11,007

-12,980

-15,366

-4,848

-7,245

-9,436

1,353

3,357

1,078

-931

7,697

6,044

4,422

3,035

8,062

6,487

5,002

3,548

3,600

12,000

10,900

Capital Surplus

Treasury Stock

-1,452

-428

-1,029

-2,718

-3,163

-3,546

-3,947

-5,551

-5,957

-6,366

-6,735

-8,683

-9,377

-9,845

-10,188

-11,940

-12,477

-12,842

-13,503

-14,496

-15,282

-15,963

-20,106

-20,140

-20,546

-20,962

-21,066

-22,565

-22,685

-22,779

-22,450

-20,176

-18,949

-15,307

-11,874

-10,878

-7,585

-6,714

-7,142

-7,283

-7,443

-6,528

-6,408

-5,881

-4,692

-3,892

-3,247

-3,175

-2,945

-2,446

-2,364

-1,936

-1,243

-369

-59

Other Stockholders Equity

21,700
1,500
-1,900
-2,596
-2,964
-3,175
-3,110
-2,268
-739
-1,593
440
-1,775
-2,456
211
286
-5,881
-6,408
-6,528
-7,443
-7,283
-7,142
-6,714
-7,585
-10,878
-11,874
-15,307
-18,949
-20,176
-22,450
219,893
219,934
220,096
220,731
220,806
237,714
237,897
237,962
241,344
241,988
242,555
-13,503
-12,842
-12,477
-9,470
-10,188
-9,845
-9,377
-8,683
-6,735
-6,366
-5,957
-5,551
274,562
275,047
300,556
-2,718
-1,029
-428
-1,832
-4,675
-1,684
1,118
-13
1,523
4,203
2,014
3,885
1,150
5,112
6,689
6,359
593
-308
609
781
-2,349
-9,841
-11,478
-13,491
-7,838
-3,689
1,808
3,210
2,248
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452
-1,452

-1,452

2,248

3,210

1,808

-3,689

-7,838

-13,491

-11,478

-9,841

-2,349

781

609

-308

593

6,359

6,689

5,112

1,150

3,885

2,014

4,203

1,523

-13

1,118

-1,684

-4,675

-1,832

-428

-1,029

-2,718

300,556

275,047

274,562

-5,551

-5,957

-6,366

-6,735

-8,683

-9,377

-9,845

-10,188

-9,470

-12,477

-12,842

-13,503

242,555

241,988

241,344

237,962

237,897

237,714

220,806

220,731

220,096

219,934

219,893

-22,450

-20,176

-18,949

-15,307

-11,874

-10,878

-7,585

-6,714

-7,142

-7,283

-7,443

-6,528

-6,408

-5,881

286

211

-2,456

-1,775

440

-1,593

-739

-2,268

-3,110

-3,175

-2,964

-2,596

-1,900

1,500

21,700

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	0	8,567,471	6,965,823	6,455,783	5,293,779	4,620,670	4,368,748	4,092,835	2,995,572	2,790,819	2,709,205	2,370,997	2,249,653	2,195,889	2,157,187	2,056,133	1,987,405	1,860,627	1,798,160	1,726,804	1,325,682	1,059,092	912,110	800,762	0	0	0	0	0
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	-64,080	-74,761	3,264	11,397	2,248	-7,838	-2,349	593	1,150	1,523	-4,675	3,936	2,871	-1,673	-657	-2,368	-1,833	-3,070	-4,851	340	98	4,420	1,400	-332	-2,529	3,100	2,016	1,244	1,194
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	16,891	21,449	16,523	18,183	19,814	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	858,857	855,425	565,862	562,421	560,263	514,703	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	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	320,655	235,950	228,530	270,090	282,371	208,599	142,933	175,801	118,493	109,316	102,721	107,545	60,688	26,063	31,869	49,776	57,188	79,964	52,815	55,346	46,084	35,465	48,615	43,226	31,602	24,400	29,402	23,145	33,773
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	-293,366	1,290,262	998,486	1,125,836	1,038,271	847,217	789,068	782,505	560,842	566,765	533,827	501,255	72,558	49,278	58,663	49,776	57,188	79,964	52,815	55,346	46,084	35,465	48,615	43,226	31,602	24,400	29,402	23,145	33,773
Common Stock	858,857	855,425	565,862	562,421	560,263	514,703	512,734	510,861	386,287	384,095	364,637	303,794	270,044	271,595	259,521	257,051	258,037	242,661	226,322	208,933	131,116	101,664	88,273	77,857	71,330	21,300	8,925	8,439	8,117
Common Stock Shares Outstanding	65,217	64,918	50,870	50,650	50,642	47,764	47,674	43,114	37,993	37,869	34,902	29,077	28,016	29,089	27,404	27,261	27,043	26,800	28,997	29,085	20,658	20,550	20,615	21,861	20,943	13,204	11,039	10,900	10,509
Common Stock Total Equity	0	0	565,862	562,421	560,263	514,703	512,734	510,861	386,287	384,731	364,637	303,794	270,044	0	0	0	0	0	226,322	208,933	131,116	101,664	88,273	77,857	71,330	21,300	8,925	8,439	8,117
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	927,173	825,999	827,647	777,811	579,008	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	271,829	271,829	156,277	156,277	156,277	136,433	136,433	136,392	109,974	109,974	109,974	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,100	86,600	24,960	0	0	0	0	0	0	0	0
Intangible Assets	7,058	9,088	2,420	3,288	4,314	1,768	2,362	3,344	1,545	1,960	2,424	87,111	87,111	578	1,640	2,701	3,763	4,942	93,395	94,119	27,609	0	0	0	0	0	0	0	0
Inventory	255,858	-269,324	-247,739	-289,429	-299,203	830	843	1,072	983	1,618	1,672	77	946	2,551	7,756	3,997	175	0	0	650	0	0	513	442	0	0	0	0	0
Liabilities And Stockholders Equity	11,148,520	10,783,840	8,198,056	7,664,297	6,711,236	5,806,093	5,405,639	5,093,131	3,869,550	3,538,325	3,317,791	2,918,703	2,825,950	2,792,674	2,723,968	2,642,625	2,513,771	2,263,573	2,206,033	2,141,021	1,585,290	1,207,105	1,044,338	906,612	830,170	548,600	411,481	377,545	360,661
Long Term Debt	519,705	219,264	204,043	143,257	284,036	286,145	296,913	365,650	303,143	243,736	160,238	136,548	232,322	192,322	222,322	278,222	218,222	117,558	98,409	91,768	88,500	30,000	21,004	11,000	0	0	0	0	0
Long Term Debt Total	0	0	204,043	143,257	118,220	286,145	296,913	365,650	303,143	243,736	160,238	136,548	232,322	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,800,356	1,994,903	1,612,280	967,186	896,348	4,589,905	4,271,822	4,001,266	3,061,507	2,740,606	2,550,748	2,222,480	2,093,228	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	930,093	4,763	-7,964	-108,650	21,479	77,546	153,980	189,849	184,650	134,420	57,517	29,003	171,634	246,259	191,353	238,446	191,889	68,449	48,949	43,645	43,416	-4,465	-27,611	-32,226	-25,602	-20,600	-25,902	-23,145	-33,773
Net Invested Capital	1,689,074	1,327,851	1,031,057	907,041	1,009,299	909,884	860,035	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	37,508	33,374	19,209	19,339	16,832	16,114	14,416	12,557	9,208	8,896	8,603	7,643	8,369	8,849	8,943	8,598	8,579	8,509	8,851	8,002	6,391	5,495	5,041	6,247	5,979	4,400	3,530	3,486	3,627
Net Tangible Assets	0	827,670	668,317	604,219	564,672	485,538	444,327	410,953	288,997	267,504	239,026	193,756	154,192	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-3,175,331	1,302,187	1,001,172	1,126,992	-457,503	-266,795	-286,904	-250,817	-2,830	-89,860	-170,805	-193,623	-166,622	-135,949	-84,130	-2,454	-62,903	-199,599	-502,762	-577,375	-455,040	-685,270	-884,144	-767,527	-714,319	-695,500	-422,668	0	0
Non Current Assets Total	10,790,357	2,351,301	1,832,115	1,186,038	1,122,829	995,561	974,928	945,645	706,489	713,034	682,396	611,026	658,672	668,923	575,298	511,579	523,574	547,472	796,295	870,896	655,530	25,167	368,126	320,136	299,618	198,400	138,223	126,758	134,142
Non Current Liabilities Other	0	0	201,176	301,473	0	275,539	156,856	84,602	170,319	124,332	96,924	130,291	84,192	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	6,445,657	9,675,253	220,566	161,440	303,850	286,145	276,913	325,650	253,143	173,736	110,238	76,548	232,322	272,322	223,222	288,222	249,077	148,413	101,764	98,991	89,500	31,000	21,000	11,000	6,000	5,000	3,500	0	0
Non Currrent Assets Other	10,217,452	-49,779	-17,318	-29,181	-20,864	4,569,898	3,627,227	-645	2,593,011	2,258,526	2,101,568	1,806,422	1,614,407	-581,234	-486,547	89,812	90,874	92,053	93,395	94,119	27,609	-407,843	-368,126	-320,136	-299,618	-198,400	-138,223	-126,758	-134,142
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	7,108,903	5,348,246	5,333,084	4,533,304	6,801,654	6,380,567	6,038,776	4,576,039	4,251,359	4,000,187	3,529,729	3,484,622	3,461,597	3,299,266	3,154,204	3,037,345	2,811,045	3,002,328	3,011,917	2,240,820	781,908	622,556	537,003	492,971	321,400	240,326	224,156	189,119
Other Current Assets	358,163	269,324	247,739	289,429	299,203	3,947,201	3,627,227	3,352,424	2,593,011	2,249,630	2,092,965	1,798,779	2,086,351	2,065,624	2,081,064	2,072,672	1,924,430	1,627,628	1,348,072	1,206,777	877,285	0	0	0	0	0	0	0	0
Other Current Liab	2,815,055	0	6,965,823	6,455,783	1,124,767	5,077,327	4,717,615	4,092,835	2,995,572	2,790,819	2,709,205	2,370,997	2,249,653	0	0	0	0	0	0	0	0	0	937,800	817,000	751,900	720,500	455,600	0	0
Other Liab	0	40,424	78,200	113,730	32,834	30,598	26,455	25,903	17,567	15,397	14,933	13,002	12,061	11,631	11,901	14,966	16,396	13,972	11,129	9,848	7,734	6,272	5,737	5,576	0	0	0	0	0
Other Stockholder Equity	-1,452	-1,452	-1,452	-1,452	248	162	-2,349	593	1,150	1,523	-4,675	-2,718	-5,551	-8,683	-11,940	242,555	237,897	220,096	-20,176	-10,878	-7,283	-5,881	-1,775	-2,268	-2,596	32,500	25,865	20,434	17,746
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	18,480	37,474	56,023	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	132,121	75,481	61,138	65,267	65,890	49,175	50,313	52,236	35,881	35,675	37,148	33,280	27,917	27,554	29,196	29,479	30,093	32,072	32,428	31,749	27,510	25,167	24,785	24,396	21,897	14,300	11,324	9,799	8,170
Property Plant And Equipment Net	68,854	75,481	61,138	65,267	65,890	49,175	50,313	52,236	35,881	35,675	37,148	33,280	27,917	27,554	29,196	29,479	30,093	32,072	32,428	31,749	27,510	25,167	24,785	24,396	21,897	14,300	11,324	9,799	8,170
Property Plant Equipment	0	75,481	61,138	48,495	65,890	49,175	50,313	52,236	35,881	35,675	37,148	33,280	27,917	27,554	29,196	29,479	30,093	32,072	32,428	31,749	27,510	25,167	24,785	24,396	0	0	0	0	0
Retained Earnings	376,044	329,375	259,340	191,418	162,752	116,874	72,737	38,590	13,079	-6,180	-8,538	-24,145	-26,061	-38,004	-34,961	-19,246	-24,465	-17,526	-9,514	-3,847	-12,980	-9,436	-931	3,035	3,548	-500	6,637	7,946	6,177
Retained Earnings Total Equity	0	0	259,340	191,418	0	116,874	72,737	38,590	13,079	-6,816	-8,538	-24,145	-26,061	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	55,881	40,264	20,000	424,349	455,895	352,708	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,250,748	240,713	220,566	161,440	303,850	286,145	296,913	365,650	303,143	243,736	160,238	136,548	232,322	272,322	223,222	288,222	249,077	148,413	101,764	98,991	89,500	31,000	21,004	11,000	6,000	3,800	3,500	0	0
Short Term Debt	718,439	21,449	16,523	18,183	387,839	40,264	20,000	424,349	455,895	352,708	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,800	0	0	0
Short Term Investments	946,282	1,054,312	769,956	855,746	755,900	638,618	646,135	606,704	442,349	457,449	431,106	393,710	471,944	487,107	375,530	282,174	273,247	280,509	515,903	582,106	557,402	361,760	0	6,685	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	11,148,520	10,783,840	8,198,056	7,664,297	6,711,236	5,806,093	5,405,639	5,093,131	3,869,550	3,538,325	3,317,791	2,918,703	2,825,950	2,792,674	2,723,968	2,642,625	2,513,771	2,263,573	2,206,033	2,141,021	1,585,290	1,207,105	1,044,338	906,612	830,170	548,600	411,481	377,545	360,661
Total Current Assets	358,163	1,323,636	1,017,695	1,145,175	1,055,103	4,810,532	4,430,711	4,147,486	3,163,061	2,825,291	2,635,395	2,307,677	2,167,278	2,123,751	2,148,670	2,131,046	1,990,197	1,716,101	1,409,738	1,270,125	929,760	400,030	53,656	49,473	37,581	28,800	32,932	26,631	37,400
Total Current Liabilities	3,533,494	21,449	16,523	18,183	1,512,606	5,077,327	4,717,615	4,398,303	3,165,891	2,915,151	2,806,200	2,501,300	2,333,900	2,259,700	2,232,800	2,133,500	2,053,100	1,915,700	1,912,500	1,847,500	1,384,800	1,085,300	937,800	817,000	751,900	724,300	455,600	0	0
Total Liab	9,979,151	9,675,253	220,566	161,440	303,850	5,182,354	4,822,517	4,543,087	3,469,034	3,158,887	2,966,367	2,637,836	2,566,167	2,531,965	2,455,982	2,421,684	2,302,172	2,064,073	2,014,252	1,946,473	1,474,339	1,116,338	958,771	827,988	757,888	495,300	370,054	340,725	328,621
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	1,169,369	1,108,587	827,014	763,784	725,263	623,739	583,122	550,044	400,516	379,438	351,424	280,867	259,783	260,709	267,986	220,941	211,599	199,500	191,781	194,548	110,951	90,767	85,567	78,624	72,282	53,300	41,426	36,819	32,040
Treasury Stock	0	0	-1,452	-1,452	0	0	0	0	0	0	0	-2,718	-5,551	-8,683	-11,940	-14,496	-20,140	-22,565	-20,176	-10,878	-7,283	-5,881	-3,175	-1,936	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	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
Accounts Payable	0	0	0	8,536,943	8,567,471	8,677,799	8,501,804	8,748,909	6,965,823	6,930,912	6,715,035	6,635,226	6,455,783	6,266,516	6,125,502	5,455,138	5,293,779	5,210,619	5,082,598	5,064,584	4,620,670	4,642,443	4,400,019	4,447,965	4,368,748	4,356,996	4,227,204	4,293,393	4,092,835	3,941,742	3,537,331	3,462,636	2,995,571	2,919,673	2,842,953	2,842,565	2,790,819	2,776,931	2,726,850	2,736,733	2,709,205	2,708,454	2,672,859	2,388,675	2,370,997	2,341,108	2,277,400	2,288,128	2,249,653	2,232,565	2,182,383	2,238,512	2,195,889	2,234,772	2,170,145	2,202,776	2,157,187	2,144,151	2,089,045	2,035,171	2,056,133	1,951,541	1,956,212	1,938,772	1,987,405	1,971,311	1,877,489	1,869,949	1,860,627	1,850,220	1,793,621	1,762,215	1,798,160	1,805,564	1,689,980	1,737,349	1,726,804	1,701,661	1,416,758	1,343,645	1,325,682	1,332,091	1,147,965	1,118,091	1,059,092	1,038,733	978,020	937,054	912,110	883,389	841,784	812,789	800,762	776,311	763,828	745,825	0	0	0	0
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
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
Accumulated Other Comprehensive Income	-64,080	-86,126	-76,432	-67,305	-74,761	-75,781	-47,672	-27,836	3,264	6,514	5,345	-1,691	11,397	10,878	11,417	8,941	2,248	3,210	1,808	-3,689	-7,838	-13,491	-11,478	-9,841	-2,349	781	609	-308	593	6,359	6,689	5,112	1,150	3,885	2,014	4,203	1,523	-13	1,118	-4,675	-5,000	-1,832	-2,955	3,363	3,936	4,883	3,658	2,986	2,871	1,714	1,151	-793	-1,673	2,000	2,631	668	-657	942	-1,988	-3,563	-2,368	-4,550	-3,569	-1,115	-1,833	-3,736	-5,161	-2,572	-3,070	-5,796	-9,858	-7,869	-4,851	-4,412	-1,170	-4,525	340	953	-5,047	4,748	98	1,276	5,560	4,597	4,420	4,978	4,103	791	1,400	3,385	853	1,625	-332	-1,867	-2,806	-2,905	-2,529	-1,700	1,700	2,900
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
Capital Lease Obligations	16,891	18,618	19,710	20,644	21,449	27,224	27,639	28,694	16,523	16,105	16,847	17,574	18,183	18,471	18,976	19,126	19,814	19,509	20,175	20,823	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	858,857	857,707	856,807	855,657	855,425	854,336	853,206	852,110	565,862	564,974	563,980	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	320,655	353,825	219,542	274,942	235,950	245,763	245,466	421,669	228,530	662,635	375,400	202,118	270,090	345,928	342,607	285,636	282,371	281,958	246,899	226,359	208,599	180,236	142,812	133,035	142,933	202,917	185,682	150,406	175,801	195,351	152,883	213,619	118,493	123,139	137,566	133,205	109,316	127,166	138,965	102,721	102,721	145,254	109,407	97,066	107,545	95,702	61,843	79,877	72,558	44,424	42,423	47,106	49,278	42,547	51,543	92,195	58,663	37,180	42,743	50,902	49,776	43,443	61,325	71,909	57,188	40,313	44,968	33,359	79,964	57,889	48,578	51,749	52,815	72,053	79,790	55,205	55,346	87,829	76,679	55,117	46,084	49,247	48,541	42,203	35,465	57,380	41,177	35,693	48,615	43,205	41,236	45,750	43,226	37,864	44,128	41,603	31,602	41,700	26,300	21,100
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-293,366	1,296,335	1,208,515	1,304,069	1,290,262	1,319,776	1,384,880	1,592,607	998,486	1,192,016	1,364,073	1,170,512	1,125,836	1,129,259	1,154,588	1,098,726	1,038,271	1,002,363	911,021	885,597	847,217	793,479	749,043	756,277	789,068	850,209	858,846	837,758	782,505	675,743	613,273	654,766	560,842	548,032	599,252	606,657	566,765	571,458	554,608	533,827	541,765	563,816	507,170	467,300	501,255	103,051	76,718	86,821	72,558	65,258	71,665	61,962	49,278	42,547	51,543	92,195	58,663	37,180	42,743	50,902	49,776	43,443	61,325	71,909	57,188	40,313	44,968	33,359	79,964	57,889	48,578	51,749	52,815	72,053	79,790	55,205	55,346	87,829	76,679	55,117	46,084	49,247	48,541	42,203	35,465	57,380	41,177	35,693	48,615	43,205	41,236	45,750	43,226	37,864	44,128	41,603	31,602	41,700	26,300	21,100
Common Stock	858,857	857,707	856,807	855,657	855,425	854,336	853,206	852,110	565,862	564,974	563,980	562,984	562,421	561,817	561,257	560,653	560,263	559,595	558,768	558,245	514,703	514,212	513,756	513,232	512,734	512,383	511,967	511,575	510,861	461,460	424,409	424,101	386,287	385,941	385,565	385,219	384,095	383,819	383,362	364,637	364,637	362,549	361,797	302,660	303,794	303,719	278,593	278,509	270,044	270,068	270,050	269,959	271,595	258,497	258,567	258,510	257,051	259,787	259,808	259,942	257,051	257,270	257,307	258,068	258,037	258,260	241,768	241,797	242,661	242,619	242,672	226,278	226,322	226,186	226,188	208,724	208,933	207,537	130,968	131,093	131,116	131,162	101,505	101,525	101,664	88,178	88,194	88,198	88,273	77,758	77,846	77,853	77,857	71,212	71,244	71,291	71,330	71,400	40,200	21,300
Common Stock Shares Outstanding	65,222	65,222	65,172	65,228	65,222	65,061	64,989	64,238	50,959	50,875	50,858	50,780	50,672	50,620	50,593	50,728	50,748	50,694	50,649	50,442	47,780	47,788	47,770	47,736	47,719	47,692	47,674	47,623	45,257	44,659	41,406	41,091	38,048	38,016	37,988	37,937	37,920	37,862	37,850	37,649	37,649	37,523	33,199	31,106	31,044	29,024	28,140	28,084	28,035	27,970	28,092	27,984	27,837	27,146	27,741	27,597	27,585	27,472	27,385	27,476	27,455	27,347	27,296	26,722	26,722	27,777	26,858	26,559	26,559	28,216	28,050	28,516	27,220	28,493	29,931	29,150	27,825	29,048	21,663	21,740	21,740	20,487	20,273	19,941	19,941	21,009	20,749	20,819	19,952	20,913	20,695	19,906	19,906	19,562	27,669	19,628	19,628	19,658	13,171	13,171
Common Stock Total Equity	0	0	856,807	855,657	0	854,336	853,206	852,110	565,862	564,974	563,980	562,984	562,421	561,817	561,257	560,653	560,263	559,595	558,768	558,245	514,703	514,212	513,756	513,232	512,734	512,383	511,967	511,575	510,861	461,460	424,409	424,101	386,287	385,941	385,565	385,219	384,731	383,819	383,362	364,637	364,637	362,549	361,797	302,660	303,794	303,719	278,593	278,509	270,044	270,068	270,050	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	226,278	226,322	226,186	226,188	208,724	208,933	207,537	130,968	131,093	131,116	131,162	101,505	101,525	101,664	88,178	88,194	88,198	88,273	77,758	77,846	77,853	77,857	71,212	71,244	71,291	71,330	71,400	40,200	21,300
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	990,493	927,173	940,560	888,080	872,366	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	271,829	271,829	271,829	271,829	271,829	271,829	271,829	271,829	156,277	156,277	156,277	156,277	156,277	156,277	156,277	156,277	156,277	156,277	155,830	154,153	136,433	136,433	136,433	136,433	136,433	136,433	136,433	135,747	136,392	136,392	125,285	125,443	109,974	109,974	109,974	109,974	109,974	109,974	109,974	109,974	109,974	110,381	110,381	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	87,111	0	0	0	87,100	0	0	0	86,600	0	0	0	24,960	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	7,058	7,559	8,060	8,572	9,088	9,669	10,250	10,842	2,420	2,631	2,841	3,063	3,288	3,538	3,788	4,049	4,314	4,602	4,891	5,192	1,768	1,910	2,052	2,205	2,362	2,526	2,631	3,149	3,344	3,545	2,728	2,891	1,545	1,644	1,742	1,849	1,960	2,071	2,182	2,424	2,424	2,548	2,671	87,111	87,111	87,111	87,111	87,111	87,111	87,111	47	312	578	843	1,109	1,374	1,640	1,905	2,170	2,436	2,701	2,967	3,232	3,497	3,763	4,050	4,348	4,646	4,942	92,351	92,648	92,946	93,395	93,670	93,973	94,341	94,119	94,314	28,383	28,383	27,609	28,309	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	255,858	-390,437	-253,774	-309,162	-269,324	-275,305	-271,805	0	0	0	0	0	0	0	354	393	563	944	532	715	830	2,754	2,184	1,392	1,299	3,389	2,292	1,477	2,814	5,608	8,057	1,942	2,216	2,739	4,426	2,424	1,618	2,501	1,206	639	1,672	3,011	2,610	568	77	775	1,095	1,189	946	1,342	1,439	1,729	2,551	3,774	4,510	5,608	7,756	10,103	40,879	3,517	3,997	0	0	0	175	0	0	0	0	0	0	0	0	0	650	650	650	850	0	0	0	195	324	0	0	130	278	278	513	439	562	646	442	558	551	385	0	0	0	0
Liabilities And Stockholders Equity	11,148,520	11,176,809	10,897,966	10,837,241	10,783,840	10,515,599	10,374,178	10,275,233	8,198,056	8,172,479	7,854,238	7,771,761	7,664,297	7,522,184	7,488,516	7,013,908	6,711,236	6,492,474	6,407,195	6,365,063	5,806,093	5,627,057	5,534,488	5,477,829	5,405,639	5,399,481	5,362,187	5,247,815	5,093,131	4,904,291	4,467,860	4,404,233	3,869,550	3,743,100	3,699,127	3,627,764	3,538,325	3,498,905	3,479,548	3,317,791	3,317,791	3,299,300	3,262,411	2,907,969	2,918,703	2,859,647	2,853,202	2,852,347	2,825,950	2,741,768	2,741,335	2,751,576	2,792,674	2,769,471	2,738,557	2,767,976	2,723,968	2,769,463	2,716,118	2,676,044	2,642,625	2,580,728	2,572,043	2,555,427	2,513,771	2,445,716	2,339,256	2,283,907	2,263,573	2,257,689	2,242,660	2,162,593	2,206,033	2,190,938	2,099,244	2,113,621	2,141,021	2,047,922	1,642,436	1,593,549	1,585,290	1,530,005	1,331,593	1,261,744	1,207,105	1,183,961	1,126,304	1,077,210	1,044,338	1,012,152	958,686	931,391	906,612	874,292	862,474	840,179	830,170	839,900	575,800	556,300
Long Term Debt	519,705	519,596	219,486	219,376	219,264	219,148	219,027	218,904	204,043	212,107	138,045	143,267	143,257	253,359	273,954	258,944	284,036	284,029	294,022	293,976	286,145	289,635	301,339	281,906	296,913	301,411	417,093	278,238	365,650	398,671	326,009	341,269	303,143	275,666	303,966	263,966	243,736	220,938	215,238	160,238	160,238	117,548	117,548	126,548	136,548	172,322	222,322	212,322	232,322	187,322	207,322	207,322	272,322	193,222	223,222	223,222	223,222	278,222	288,222	288,222	288,222	343,325	298,339	288,672	249,077	198,177	178,177	138,008	148,413	148,554	118,414	118,861	101,764	101,762	101,759	92,206	98,991	98,963	90,203	91,203	89,500	64,500	61,000	31,000	31,000	31,006	31,006	31,003	21,004	21,003	21,000	21,000	11,000	1,000	6,000	6,000	0	0	0	0
Long Term Debt Total	0	0	219,486	219,376	0	219,148	219,027	218,904	204,043	212,107	138,045	143,267	143,257	253,359	273,954	258,944	118,220	284,029	294,022	293,976	286,145	289,635	301,339	281,906	296,913	301,411	417,093	278,238	365,650	398,671	326,009	341,269	303,143	275,666	303,966	263,966	243,736	220,938	215,238	160,238	160,238	117,548	117,548	126,548	136,548	172,322	222,322	212,322	232,322	187,322	207,322	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,800,356	1,807,416	1,885,508	1,949,121	1,994,903	2,026,140	2,098,566	2,128,639	1,612,280	1,239,365	1,098,391	1,054,618	967,186	906,901	938,997	6,228,454	896,348	5,775,929	5,726,917	5,720,073	4,589,905	5,079,419	5,022,302	4,355,127	4,271,822	4,206,082	4,170,445	4,102,085	4,001,266	3,916,328	3,563,879	3,463,423	3,061,507	2,952,650	2,859,735	2,785,528	2,740,606	2,696,658	2,692,903	2,577,560	2,550,748	2,503,703	2,524,495	2,245,727	2,222,480	2,140,171	2,159,360	2,122,500	2,093,228	2,039,013	2,035,666	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Debt	930,093	184,389	19,654	-34,922	4,763	609	1,200	-174,071	-7,964	-434,423	-220,508	-41,277	-108,650	-74,098	-49,677	-7,566	21,479	21,580	67,298	88,440	77,546	109,399	158,527	148,871	153,980	98,494	231,411	127,832	189,849	203,320	173,126	127,650	184,650	152,527	166,400	130,761	134,420	93,772	76,273	57,517	438,623	-27,706	8,141	29,482	29,003	76,620	160,479	132,445	159,764	142,898	164,899	160,216	223,044	150,675	171,679	131,027	164,559	241,042	245,479	237,320	238,446	299,882	237,014	216,763	191,889	157,864	133,209	104,649	68,449	90,665	69,836	67,112	48,949	29,709	21,969	37,001	43,645	11,134	13,524	36,086	43,416	15,253	-17,541	-11,203	-4,465	-26,374	-10,171	-4,690	-27,611	-22,202	-20,236	-24,750	-32,226	-36,864	-38,128	-35,603	-25,602	-36,700	-19,000	-18,100
Net Invested Capital	1,689,074	1,655,223	1,351,188	1,345,956	1,327,851	1,301,554	1,309,172	1,308,186	1,031,057	1,026,235	934,721	911,332	907,041	1,006,931	1,019,443	995,866	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	37,508	36,612	34,232	34,220	33,374	29,542	26,339	24,999	19,209	18,182	18,309	19,840	19,339	21,480	23,344	16,775	16,832	16,573	17,365	17,515	16,114	15,435	14,612	14,675	14,416	13,592	13,192	13,345	12,557	11,551	10,480	10,658	9,208	8,827	8,911	8,860	8,896	8,512	8,353	8,603	8,603	8,173	8,629	7,743	7,643	8,065	7,771	8,503	8,369	8,128	8,094	8,583	8,849	8,787	8,874	9,182	8,943	9,444	8,780	8,533	8,598	8,139	7,889	8,304	8,579	8,532	8,164	8,293	8,509	8,580	8,542	8,563	8,851	8,504	7,525	8,203	8,002	7,939	6,329	6,528	6,391	6,343	5,272	5,467	5,495	5,312	5,318	5,248	5,041	5,402	5,102	5,859	6,247	5,922	6,067	5,495	5,979	6,000	4,500	4,300
Net Tangible Assets	0	0	851,813	846,179	827,670	800,908	808,066	806,611	668,317	655,220	637,558	608,725	604,219	593,757	585,424	576,596	564,672	552,325	537,742	521,998	485,538	469,245	459,412	450,043	444,327	438,122	428,481	418,746	410,953	358,785	326,921	318,541	288,997	286,069	279,144	276,261	267,504	260,494	255,677	247,264	239,026	234,596	228,057	196,766	193,756	190,433	159,830	154,844	154,192	149,363	145,043	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-3,175,331	1,314,329	1,223,037	1,317,645	-2,715,669	1,322,094	1,383,580	1,588,912	-706,335	6,697,129	6,516,728	6,462,131	22,476	6,383,760	6,305,082	5,823,473	-279,346	5,359,689	5,317,763	5,280,175	-266,795	-99,170	-91,567	-132,235	-94,889	-92,490	-16,420	-190,128	-29,914	83,554	17,014	52,927	-2,839	-20,100	-37,232	-84,616	-89,909	-103,890	-86,433	-170,805	-2,711,995	-200,544	-186,553	-176,562	-193,623	-185,946	-158,261	-177,316	-166,622	-187,273	-171,767	-202,889	-135,949	-170,381	-127,399	-94,803	-84,130	-147,728	-74,637	20,814	-2,454	102,753	34,260	3,673	-62,903	-110,048	-148,227	-187,237	-199,599	-307,501	-405,628	-414,738	-502,762	-519,509	-468,352	-548,293	-577,375	-478,559	-441,538	-437,776	-455,040	-438,104	-724,591	-718,340	-1,052,525	-1,005,720	-962,323	-918,459	-884,144	-856,693	-809,062	-777,291	-767,527	-753,314	-731,705	-713,802	-714,319	0	23,500	22,400
Non Current Assets Total	10,790,357	2,158,272	2,238,989	2,304,407	2,351,301	2,388,162	2,462,345	2,497,182	1,832,115	1,459,245	1,320,663	1,292,056	1,186,038	1,119,953	1,164,458	1,171,309	1,122,829	1,113,276	1,069,257	1,064,065	995,561	976,327	970,755	982,764	974,928	970,971	1,001,107	1,025,943	945,645	813,837	763,946	735,206	706,489	693,500	732,059	736,680	713,034	697,295	669,481	682,396	2,776,026	665,544	645,164	586,931	611,026	635,793	627,463	631,563	658,672	629,441	629,602	655,265	668,923	624,352	628,456	590,679	575,298	694,991	628,555	546,830	511,579	460,175	480,583	500,054	523,574	516,664	530,483	528,544	547,472	652,790	713,588	722,631	796,295	811,547	763,996	831,514	870,896	772,081	642,074	646,625	655,530	612,209	25,014	24,867	25,167	25,441	25,528	374,275	368,126	360,859	321,795	328,056	320,136	308,408	306,802	297,426	299,618	309,200	209,400	206,100
Non Current Liabilities Other	0	0	1,102,097	954,342	0	536,246	563,202	218,138	201,176	215,332	204,482	225,203	301,473	248,737	343,571	562,904	0	284,622	332,112	325,160	275,539	87,424	235,266	159,310	156,856	163,993	150,345	118,542	84,602	65,156	149,586	153,453	170,319	150,074	161,348	133,149	124,332	128,497	169,627	130,210	96,924	125,773	130,895	108,869	130,291	68,673	106,539	109,942	84,192	66,983	101,062	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,445,657	538,214	239,196	9,690,017	9,675,253	9,433,193	246,666	247,598	220,566	228,212	154,892	160,841	161,440	271,830	292,930	278,070	303,850	303,538	314,197	314,799	286,145	289,635	301,339	281,906	276,913	301,411	417,093	278,238	325,650	398,671	326,009	341,269	253,143	275,666	303,966	263,966	173,736	220,938	215,238	110,238	257,162	117,548	117,548	126,548	76,548	172,322	222,322	212,322	232,322	187,322	207,322	207,322	272,322	193,222	223,222	223,222	223,222	278,222	288,222	288,222	288,222	343,325	298,339	288,672	249,077	198,177	178,177	138,008	148,413	148,554	118,414	118,861	101,764	101,762	101,759	92,206	98,991	98,963	90,203	91,203	89,500	64,500	31,000	31,000	31,000	31,000	31,000	31,000	21,000	21,000	21,000	21,000	11,000	1,000	6,000	6,000	6,000	5,000	0	0
Non Currrent Assets Other	10,217,452	-2,158,272	-2,238,989	-2,304,407	-49,779	-2,388,162	209,691	9,474,982	1,816,611	7,276,400	-1,146,032	-1,132,716	-1,026,473	-960,138	-1,004,393	-1,010,983	4,541,388	4,376,835	4,426,917	4,397,886	4,569,898	3,841,816	3,800,078	4,328,958	3,627,227	3,577,579	3,501,492	3,382,891	-645	3,413,256	3,089,882	3,003,603	2,593,011	2,501,568	2,367,816	2,284,427	2,258,526	2,230,152	2,255,459	2,101,568	75,732	2,069,940	2,110,077	1,853,738	1,806,422	1,693,289	1,724,266	1,679,347	1,614,407	1,590,056	1,587,907	-567,842	-581,234	-536,398	-540,236	-502,194	-486,547	-605,975	-539,274	-457,283	89,812	90,078	90,343	90,608	90,874	91,161	91,459	91,757	92,053	92,351	92,648	92,946	93,395	93,670	93,973	94,341	94,119	94,314	28,383	28,383	27,609	28,309	-471,126	-419,826	-407,843	-377,102	-350,226	-374,275	-368,126	-360,859	-321,795	-328,056	-320,136	-308,408	-306,802	-297,426	-299,618	-309,200	-209,400	-206,100
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	7,685,590	7,416,230	7,194,545	7,108,903	6,778,119	6,500,614	6,160,445	8,198,056	8,172,479	7,854,238	7,771,761	7,664,297	7,522,184	7,488,516	7,013,908	7,834,065	7,605,750	7,476,452	7,429,128	6,801,654	6,603,384	6,505,243	6,460,593	6,380,567	6,370,452	6,363,294	6,273,758	6,038,776	5,718,128	5,231,806	5,139,439	4,576,039	4,436,600	4,431,186	4,364,444	4,251,359	4,196,200	4,149,029	4,000,187	737,055	3,964,844	3,907,575	3,494,900	3,529,729	3,495,440	3,480,665	3,483,910	3,484,622	3,371,209	3,370,937	3,406,841	3,461,597	3,393,823	3,367,013	3,358,655	3,299,266	3,464,454	3,344,673	3,222,874	3,154,204	3,040,903	3,052,626	3,055,481	3,037,345	2,962,380	2,869,739	2,812,451	2,811,045	2,910,479	2,956,248	2,885,224	3,002,328	3,002,485	2,863,240	2,945,135	3,011,917	2,820,003	2,284,510	2,240,174	2,240,820	2,142,214	856,270	816,917	1,149,163	1,101,140	1,059,599	661,994	622,556	602,686	590,553	551,726	537,003	522,098	505,477	495,655	492,971	483,000	335,600	324,800
Other Current Assets	358,163	390,437	253,774	309,162	269,324	275,305	271,805	26,905	5,348,246	5,503,036	5,151,193	5,289,353	5,333,084	5,251,492	5,146,126	4,727,098	4,533,304	4,360,262	4,409,552	4,397,886	3,947,201	3,841,816	3,800,078	3,724,113	3,627,227	3,564,709	3,489,042	3,370,769	3,352,424	3,403,160	3,080,161	3,003,603	2,593,011	2,492,741	2,358,905	2,275,567	2,249,630	2,221,640	2,247,106	2,092,965	0	2,061,767	2,101,448	1,845,995	1,798,779	2,112,738	2,141,250	2,125,460	2,086,351	2,038,941	2,031,974	2,025,766	2,065,624	2,093,785	2,049,684	2,075,920	2,081,064	2,027,848	2,036,040	2,069,779	2,072,672	2,068,971	2,022,246	1,975,160	1,924,430	1,880,207	1,755,641	1,713,711	1,627,628	1,538,430	1,471,952	1,379,650	1,348,072	1,298,834	1,247,933	1,218,699	1,206,777	1,180,073	917,354	885,279	877,285	862,206	0	0	0	-5,312	-5,318	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Current Liab	2,815,055	0	8,444,681	8,536,943	3,305,642	8,677,799	8,501,804	8,748,909	6,965,823	6,930,912	6,715,035	6,635,226	6,455,783	6,266,516	6,125,502	5,455,138	0	5,210,619	5,082,598	5,064,584	4,620,670	4,642,443	4,400,019	4,447,965	4,368,748	4,356,996	4,227,204	4,293,393	4,092,835	3,941,742	3,537,331	3,462,636	2,995,572	2,919,673	2,842,953	2,842,565	2,790,819	2,776,931	2,726,850	2,736,733	2,709,205	2,708,454	2,672,859	2,388,675	2,370,997	2,341,108	2,277,400	2,288,128	2,249,653	2,232,565	2,182,383	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,063,100	1,003,500	959,400	937,800	905,300	855,400	828,900	817,000	797,100	781,900	760,900	751,900	0	-7,300	-3,000
Other Liab	0	0	44,372	120,370	40,424	151,235	103,357	86,533	78,200	87,320	87,445	95,630	113,730	36,943	40,911	33,209	32,834	31,357	30,265	28,721	30,598	28,636	27,725	25,013	31,920	30,033	31,858	33,692	28,248	35,457	25,924	24,612	19,086	18,718	15,099	15,798	15,397	15,701	13,116	14,258	14,933	15,248	14,268	14,554	13,002	14,092	13,581	13,489	12,061	13,808	10,811	14,289	11,631	12,304	13,152	11,968	11,901	15,989	25,111	27,980	14,966	13,146	13,106	16,496	16,396	13,631	14,181	13,779	13,972	11,761	10,656	12,051	11,129	12,513	10,566	11,206	9,848	9,409	5,862	8,723	7,734	6,405	7,400	6,856	6,272	5,404	4,756	6,326	5,737	5,736	6,455	7,897	5,576	6,392	5,478	4,777	0	0	0	0
Other Stockholder Equity	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	2,248	3,210	1,808	-3,689	-7,838	-13,491	-11,478	-9,841	-2,349	781	609	-308	593	6,359	6,689	5,112	1,150	3,885	2,014	4,203	1,523	-13	1,118	-1,684	-4,675	-1,832	-428	-1,029	-2,718	300,556	275,047	274,562	-5,551	-5,957	-6,366	-6,735	-8,683	-9,377	-9,845	-10,188	-9,470	-12,477	-12,842	-13,503	242,555	241,988	241,344	237,962	237,897	237,714	220,806	220,731	220,096	219,934	219,893	-22,450	-20,176	-18,949	-15,307	-11,874	-10,878	-7,585	-6,714	-7,142	-7,283	-7,443	-6,528	-6,408	-5,881	286	211	-2,456	-1,775	440	-1,593	-739	-2,268	-3,110	-3,175	-2,964	-2,596	-1,900	1,500	21,700
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
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	18,480	18,424	18,367	18,311	37,474	37,365	56,350	56,183	56,023	55,876	55,728	55,581	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	132,121	71,468	73,592	74,885	75,481	80,524	0	0	0	0	63,154	64,738	65,267	64,838	65,396	65,239	65,890	65,325	68,704	70,942	49,175	50,127	50,409	50,360	50,313	49,699	50,411	51,286	52,236	52,384	49,322	49,929	35,881	35,439	35,524	35,626	35,675	36,049	36,202	37,148	37,148	37,351	37,883	32,722	33,280	33,237	32,020	29,108	27,917	27,311	27,402	27,801	27,554	27,792	28,082	28,794	29,196	29,815	29,758	29,801	29,479	29,353	29,273	29,701	30,093	30,803	31,441	31,407	32,072	32,424	32,459	31,953	32,428	31,853	31,626	31,376	31,749	32,075	27,633	27,304	27,510	28,062	25,014	24,867	25,167	25,441	25,528	24,588	24,785	24,857	25,043	24,762	24,396	23,050	22,377	21,876	21,897	23,900	14,100	14,100
Property Plant And Equipment Net	68,854	71,468	73,592	74,885	75,481	80,524	81,700	85,872	61,138	60,972	63,154	64,738	65,267	64,838	65,396	65,239	65,890	65,325	68,704	70,942	49,175	50,127	50,409	50,360	50,313	49,699	50,411	51,286	52,236	52,384	49,322	49,929	35,881	35,439	35,524	35,626	35,675	36,049	36,202	37,148	0	37,351	37,883	32,722	33,280	33,237	32,020	29,108	27,917	27,311	27,402	27,801	27,554	27,792	28,082	28,794	29,196	29,815	29,758	29,801	29,479	29,353	29,273	29,701	30,093	30,803	31,441	31,407	32,072	32,424	32,459	31,953	32,428	31,853	31,626	31,376	31,749	32,075	27,633	27,304	27,510	28,062	25,014	24,867	25,167	25,441	25,528	24,588	24,785	24,857	25,043	24,762	24,396	23,050	22,377	21,876	21,897	23,900	14,100	14,100
Property Plant Equipment	0	0	55,114	55,556	75,481	80,524	81,700	85,872	61,138	60,972	63,154	48,539	48,495	47,810	65,396	47,618	65,890	47,372	50,106	51,703	49,175	50,127	50,409	50,360	50,313	49,699	50,411	51,286	52,236	52,384	49,322	49,929	35,881	35,439	35,524	35,626	35,675	36,049	36,202	36,731	37,148	37,351	37,883	32,722	33,280	33,237	32,020	29,108	27,917	27,311	27,402	27,801	27,554	27,792	28,082	28,794	29,196	29,815	29,758	29,801	29,479	29,353	29,273	29,701	30,093	30,803	31,441	31,407	32,072	32,424	32,459	31,953	32,428	31,853	31,626	31,376	31,749	32,075	27,633	27,304	27,510	28,062	25,014	24,867	25,167	25,441	25,528	24,588	24,785	24,857	25,043	24,762	24,396	23,050	22,377	21,876	0	0	0	0
Retained Earnings	376,044	365,498	352,779	339,680	329,375	305,303	286,063	266,460	259,340	244,092	228,803	208,224	191,418	182,329	174,267	168,780	162,752	150,399	137,887	126,787	116,874	106,834	95,586	85,257	72,737	63,917	54,969	46,375	38,590	30,903	23,836	17,662	13,079	7,861	3,281	-1,338	-6,180	-11,267	-16,647	-8,538	-8,538	-13,192	-17,305	-21,117	-24,145	-27,895	-31,764	-35,593	-26,061	-29,351	-32,634	-35,671	-38,004	-27,760	-29,841	-32,489	-34,961	-35,028	-34,963	-18,980	-19,246	-17,771	-21,268	-21,799	-24,465	-25,532	-11,540	-14,853	-17,526	-17,447	-20,444	-6,929	-9,514	-12,553	-15,855	-1,350	-3,847	-6,418	-8,888	-11,007	-12,980	-15,366	-4,848	-7,245	-9,436	1,353	3,357	1,078	-931	7,697	6,044	4,422	3,035	8,062	6,487	5,002	3,548	3,600	12,000	10,900
Retained Earnings Total Equity	0	0	352,779	339,680	0	305,303	286,063	266,460	259,340	244,092	228,803	208,224	191,418	182,329	174,267	168,780	0	150,399	137,887	126,787	116,874	106,834	95,586	85,257	72,737	63,917	54,969	46,375	38,590	30,903	23,836	17,662	13,079	7,861	3,281	-1,338	-6,816	-11,267	-16,647	-4,081	-8,538	-13,192	-17,305	-21,117	-24,145	-27,895	-31,764	-35,593	-26,061	-29,351	-32,634	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	55,881	45,707	35,106	50,028	40,264	64,348	66,082	66,195	20,000	81,307	541,091	258,275	424,349	323,574	418,433	438,872	455,895	0	0	0	352,708	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,250,748	538,214	239,196	240,020	240,713	246,372	246,666	247,598	220,566	228,212	154,892	160,841	161,440	271,830	292,930	278,070	303,850	303,538	314,197	314,799	286,145	289,635	301,339	281,906	296,913	301,411	417,093	278,238	365,650	398,671	326,009	341,269	303,143	275,666	303,966	263,966	243,736	220,938	215,238	160,238	541,344	117,548	117,548	126,548	136,548	172,322	222,322	212,322	232,322	187,322	207,322	207,322	272,322	193,222	223,222	223,222	223,222	278,222	288,222	288,222	288,222	343,325	298,339	288,672	249,077	198,177	178,177	138,008	148,413	148,554	118,414	118,861	101,764	101,762	101,759	92,206	98,991	98,963	90,203	91,203	89,500	64,500	31,000	31,000	31,000	31,006	31,006	31,003	21,004	21,003	21,000	21,000	11,000	1,000	6,000	6,000	6,000	5,000	7,300	3,000
Short Term Debt	718,439	18,618	19,710	20,644	733,663	27,224	27,639	28,694	0	16,105	16,847	17,574	7,300	18,471	18,976	19,126	55,881	19,509	20,175	20,823	40,264	64,348	66,082	66,195	20,000	81,307	541,091	258,275	424,349	323,574	418,433	438,872	455,895	0	0	0	352,708	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	7,300	3,000
Short Term Investments	946,282	942,510	988,973	1,029,127	1,054,312	1,074,013	1,139,414	1,170,938	769,956	529,381	988,673	968,394	855,746	783,331	811,981	813,090	755,900	720,405	664,122	659,238	638,618	613,243	606,231	623,242	646,135	647,292	673,164	687,352	606,704	480,392	460,390	441,147	442,349	424,893	461,686	473,452	457,449	444,292	415,643	431,106	431,106	418,562	397,763	370,234	393,710	419,449	416,984	446,113	471,944	448,885	444,067	469,969	487,107	437,597	439,968	396,089	26,794	488,124	406,083	315,234	14,538	235,562	252,220	266,161	10,351	265,050	274,390	262,460	32,076	388,952	436,493	445,576	10,176	528,560	490,913	551,291	7,365	504,065	523,529	551,195	3,324	509,642	420,871	372,290	2,690	327,790	297,494	0	0	0	0	0	6,685	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
Total Assets	11,148,520	11,176,809	10,897,966	10,837,241	10,783,840	10,515,599	10,374,178	10,275,233	8,198,056	8,172,479	7,854,238	7,771,761	7,664,297	7,522,184	7,488,516	7,013,908	6,711,236	6,492,474	6,407,195	6,365,063	5,806,093	5,627,057	5,534,488	5,477,829	5,405,639	5,399,481	5,362,187	5,247,815	5,093,131	4,904,291	4,467,860	4,404,233	3,869,550	3,743,100	3,699,127	3,627,764	3,538,325	3,498,905	3,479,548	3,317,791	3,317,791	3,299,300	3,262,411	2,907,969	2,918,703	2,859,647	2,853,202	2,852,347	2,825,950	2,741,768	2,741,335	2,751,576	2,792,674	2,769,471	2,738,557	2,767,976	2,723,968	2,769,463	2,716,118	2,676,044	2,642,625	2,580,728	2,572,043	2,555,427	2,513,771	2,445,716	2,339,256	2,283,907	2,263,573	2,257,689	2,242,660	2,162,593	2,206,033	2,190,938	2,099,244	2,113,621	2,141,021	2,047,922	1,642,436	1,593,549	1,585,290	1,530,005	1,331,593	1,261,744	1,207,105	1,183,961	1,126,304	1,077,210	1,044,338	1,012,152	958,686	931,391	906,612	874,292	862,474	840,179	830,170	839,900	575,800	556,300
Total Current Assets	358,163	1,332,947	1,242,747	1,338,289	1,323,636	1,349,318	1,411,219	1,617,606	6,365,941	6,713,234	6,533,575	6,479,705	6,478,259	6,402,231	6,324,058	5,842,599	5,588,407	5,379,198	5,337,938	5,300,998	4,810,532	4,650,730	4,563,733	4,495,065	4,430,711	4,428,510	4,361,080	4,221,872	4,147,486	4,090,454	3,703,914	3,669,027	3,163,061	3,049,600	2,967,068	2,891,084	2,825,291	2,801,610	2,810,067	2,635,395	94,205	2,633,756	2,617,247	2,321,038	2,307,677	2,223,854	2,225,739	2,220,784	2,167,278	2,112,327	2,111,733	2,096,311	2,123,751	2,145,119	2,110,101	2,177,297	2,148,670	2,074,472	2,087,563	2,129,214	2,131,046	2,120,553	2,091,460	2,055,373	1,990,197	1,929,052	1,808,773	1,755,363	1,716,101	1,604,899	1,529,072	1,439,962	1,409,738	1,379,391	1,335,248	1,282,107	1,270,125	1,275,841	1,000,362	946,924	929,760	917,796	450,309	419,960	32,775	57,380	41,177	40,941	53,656	48,607	46,338	51,609	49,473	43,786	50,195	47,098	37,581	47,700	30,800	25,400
Total Current Liabilities	3,533,494	18,618	19,710	20,644	4,039,305	27,224	27,639	28,694	7,072,276	16,105	16,847	17,574	6,455,783	18,471	18,976	19,126	5,867,753	19,509	20,175	20,823	5,077,327	4,749,900	4,655,300	4,627,300	4,525,600	4,521,000	4,377,500	4,412,000	4,177,400	4,006,900	3,686,900	3,616,100	3,165,900	3,069,700	3,004,300	2,975,700	2,915,200	2,905,500	2,896,500	2,806,200	2,806,200	2,834,300	2,803,800	2,497,600	2,501,300	2,409,800	2,384,000	2,398,100	2,333,900	2,299,600	2,283,500	2,299,200	2,259,700	2,315,500	2,237,500	2,272,100	2,232,800	2,222,200	2,162,200	2,108,400	2,133,500	2,017,800	2,057,200	2,051,700	2,053,100	2,039,100	1,957,000	1,942,600	1,915,700	1,912,400	1,934,700	1,854,700	1,912,500	1,898,900	1,803,600	1,830,400	1,847,500	1,754,400	1,441,900	1,384,700	1,384,800	1,355,900	1,174,900	1,138,300	1,085,300	1,063,100	1,003,500	959,400	937,800	905,300	855,400	828,900	817,000	797,100	781,900	760,900	751,900	0	7,300	3,000
Total Liab	9,979,151	538,214	239,196	9,710,661	9,675,253	9,433,193	9,284,033	9,185,951	7,371,042	7,358,351	7,057,562	7,003,696	6,900,513	6,768,612	6,743,027	6,276,986	5,985,973	5,779,270	5,708,732	5,683,720	5,182,354	5,019,502	4,936,624	4,889,181	4,822,517	4,822,400	4,794,642	4,690,173	4,543,087	4,405,569	4,012,926	3,957,358	3,469,034	3,345,413	3,308,267	3,239,680	3,158,887	3,126,366	3,111,715	2,966,367	2,966,367	2,951,775	2,921,302	2,624,092	2,637,836	2,582,103	2,606,261	2,610,392	2,566,167	2,486,870	2,490,767	2,506,505	2,531,965	2,508,746	2,460,695	2,495,292	2,455,982	2,500,363	2,450,375	2,396,567	2,421,684	2,361,061	2,355,536	2,340,379	2,302,172	2,237,270	2,135,151	2,080,601	2,064,073	2,060,998	2,053,069	1,973,563	2,014,252	2,000,666	1,905,388	1,922,646	1,946,473	1,853,435	1,532,117	1,475,857	1,474,339	1,420,376	1,235,904	1,169,275	1,116,338	1,094,144	1,034,542	990,390	958,771	926,257	876,389	849,855	827,988	798,128	787,918	766,850	757,888	766,800	522,100	502,400
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	6,689	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,169,369	1,135,627	1,131,702	1,126,580	1,108,587	1,082,406	1,090,145	1,089,282	827,014	814,128	796,676	768,065	763,784	753,572	745,489	736,922	725,263	713,204	698,463	681,343	623,739	607,555	597,864	588,648	583,122	577,081	567,545	557,642	550,044	498,722	454,934	446,875	400,516	397,687	390,860	388,084	379,438	372,539	367,833	351,424	351,424	347,525	341,109	283,877	280,867	277,544	246,941	241,955	259,783	254,898	250,568	245,071	260,709	260,725	277,862	272,684	267,986	269,100	265,743	279,477	220,941	219,667	216,507	215,048	211,599	208,446	204,105	203,306	199,500	196,691	189,591	189,030	191,781	190,272	193,856	190,975	194,548	194,487	110,319	117,692	110,951	109,629	95,689	92,469	90,767	89,817	91,762	86,820	85,567	85,895	82,297	81,536	78,624	76,164	74,556	73,329	72,282	73,100	53,700	53,900
Treasury Stock	0	0	-1,452	-1,452	0	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	-1,452	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-428	-1,029	-2,718	-3,163	-3,546	-3,947	-5,551	-5,957	-6,366	-6,735	-8,683	-9,377	-9,845	-10,188	-11,940	-12,477	-12,842	-13,503	-14,496	-15,282	-15,963	-20,106	-20,140	-20,546	-20,962	-21,066	-22,565	-22,685	-22,779	-22,450	-20,176	-18,949	-15,307	-11,874	-10,878	-7,585	-6,714	-7,142	-7,283	-7,443	-6,528	-6,408	-5,881	-4,692	-3,892	-3,247	-3,175	-2,945	-2,446	-2,364	-1,936	-1,243	-369	-59	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

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	235,950	228,530	270,090	282,371	208,599	142,933	175,801	118,493	109,316	102,721	107,545	72,558	49,278	58,663	49,776	57,188	79,964	52,815	55,346	46,084	35,465	48,615	49,851	40,342	63,805	41,200	23,145	33,773	17,511
Capital Expenditures	5,069	6,432	4,851	7,539	5,936	5,523	3,972	3,977	4,838	2,492	2,786	8,978	3,425	1,659	3,026	2,784	1,317	3,349	4,345	3,682	2,023	3,816	3,202	4,854	3,574	1,800	2,079	2,440	790
Cash And Cash Equivalents Changes	0	0	-41,560	-12,281	0	65,666	-32,868	57,308	9,177	6,595	-4,824	34,987	23,280	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	36,582	-50,499	0	7,254	-18,780	-2,611	-1,584	-881	7,366	2,107	2,392	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	84,705	7,420	-41,560	-12,281	73,772	65,666	-32,868	57,308	9,177	6,595	-4,824	34,987	23,280	-9,385	8,887	-7,412	-22,776	27,149	-2,531	9,262	10,619	-13,150	-1,236	9,449	-23,463	-6,100	6,256	-10,628	16,262
Change In Working Capital	277	-27,050	-800	-6,205	-894	12,422	-21,360	-3,982	-1,566	-384	8,361	3,196	2,541	11,128	-29,204	-4,392	1,209	1,443	-423	700	-1,055	-610	-998	1,464	-461	-900	-45	141	36
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	3,122	1,494	1,040	1,187	2,086	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	-37,389	50,434	0	9,743	3,705	1,618	3,691	495	995	1,089	379	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	27,569	-7,399	23,383	11,934	-11,262	19,618	272	-1,798	7,512	8,698	14,461	17,308	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-27,050	-800	-6,205	-894	12,422	-21,360	-3,982	-1,566	-384	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	11,760	16,808	8,261	7,551	5,419	6,149	5,190	4,695	3,825	3,918	3,913	3,067	3,481	4,123	4,368	4,460	5,794	5,302	9,337	7,977	8,664	4,918	2,233	2,171	2,897	1,600	876	801	882
Dividends Paid	38,071	37,334	27,119	25,457	24,919	21,307	18,853	16,007	12,586	10,836	8,152	5,992	6,327	6,848	8,156	8,061	8,395	8,517	8,307	7,362	5,731	5,065	4,474	3,852	3,314	2,400	1,988	1,704	1,573
End Period Cash Flow	320,655	235,950	228,530	270,090	282,371	208,599	142,933	175,801	118,493	109,316	102,721	107,545	72,558	49,278	58,663	49,776	57,188	79,964	52,815	55,346	46,084	35,465	48,615	49,791	40,342	35,100	29,402	23,145	33,773
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	109,151	118,264	90,252	77,452	81,195	73,915	63,494	46,096	35,928	43,137	47,942	39,613	46,505	54,331	19,513	33,932	25,649	23,993	28,452	25,985	22,639	16,002	10,689	10,212	6,521	5,300	5,586	5,171	7,011
Investments	-563,700	-651,861	-671,859	-922,953	-303,977	-344,188	-324,765	-513,223	-316,589	-219,666	-165,520	-76,057	-50,230	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	622,344	-3,699	-304,046	51,660	98,220	-2,417	-98,241	101,129	110,442	-10,411	-49,842	-19,992	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	83,883	107,369	95,041	57,518	70,672	63,401	52,580	41,518	32,481	31,129	24,969	21,742	19,851	19,211	-5,396	15,165	17,988	16,977	20,221	16,495	15,107	10,077	11,023	10,005	5,400	5,700	5,173	5,061	4,796
Other Cashflows From Financing Activities	13,939	493,468	594,076	920,799	309,962	414,809	638,127	509,322	364,336	277,385	142	4	118,841	107,801	2	105	277,030	55,762	64,088	189,879	225,773	154,201	129,283	72,176	27,941	36,000	28,562	12,142	20,821
Other Cashflows From Investing Activities	0	-30,182	3,400	2,470	-7,316	7,153	-26,412	74,446	-3,510	1,602	102,240	2,517	19,306	4,133	5,549	0	0	0	650	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	14,335	19,045	-16,894	30,231	6,535	8,612	11,827	6,930	5,245	9,610	12,426	19,264	23,258	20,443	55,053	25,622	3,888	1,726	1,555	3,802	3,000	10,515	1,633	2,000	1,944	600	1,660	1,607	2,087
Sale Purchase Of Stock	-1,550	-1,956	19	-1,452	-715	-763	-773	-206	-254	-104	43,451	424,862	-20,000	-20,000	161,145	209,688	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	4,982	5,777	4,073	2,659	2,545	2,425	2,325	1,899	1,605	1,390	895	746	627	538	443	351	260	2,634	583	-637	-1,857	-876	57	529	-32	-100	0	0	0
Total Cash From Financing Activities	259,672	534,585	478,627	830,750	290,618	328,786	254,815	449,989	293,348	181,522	10,514	68,914	7,699	50,110	88,026	115,915	227,780	43,894	48,554	176,996	220,042	149,136	124,809	63,324	24,627	33,600	27,223	11,811	19,904
Total Cash From Operating Activities	114,220	124,696	95,103	84,991	87,131	79,438	67,466	50,073	40,766	45,629	50,728	48,591	49,930	55,990	22,539	36,716	26,966	27,342	32,797	29,667	24,662	19,818	13,891	15,066	10,095	7,100	7,664	7,610	7,802
Total Cashflows From Investing Activities	0	-651,861	-615,290	-928,022	-303,977	-342,558	-355,149	-442,754	-324,937	-220,556	-66,066	-82,518	-34,349	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
Begin Period Cash Flow	353,825	219,542	274,942	235,950	245,763	245,466	421,669	228,530	662,635	375,400	202,118	270,090	345,928	342,607	285,636	282,371	281,958	246,899	226,359	208,599	180,236	142,812	133,035	142,933	202,917	185,682	150,406	175,801	195,351	152,883	213,619	118,493	123,139	137,566	133,205	109,316	127,166	138,965	147,605	145,254	145,254	109,407	97,066	107,545	103,051	76,718	86,821	72,558	65,258	71,665	61,962	49,278	96,595	52,959	100,685	58,663	45,016	42,743	50,902	49,776	58,740	61,325	71,909	57,188	96,967	48,674	55,322	79,964	57,889	56,515	54,384	52,815	72,053	79,790	55,205	55,346	87,829	76,679	55,117	46,084	69,649	72,707	73,238	35,465	64,380	50,252	49,693	48,615	57,992	60,335	49,860	49,791	43,948	49,837	47,387	40,342	51,600	36,900	31,600	35,100
Capital Expenditures	780	791	1,486	2,012	2,706	1,062	1,720	944	1,429	792	916	1,714	2,384	1,606	1,944	1,605	1,770	1,573	800	1,793	1,624	1,153	1,392	1,354	1,902	746	514	810	1,126	1,203	671	977	1,852	933	1,106	947	588	848	479	800	2,758	440	850	696	1,429	2,011	3,632	1,906	1,329	760	1,336	991	566	579	136	378	201	891	783	1,151	923	891	482	488	281	281	1,789	844	516	850	1,378	605	1,593	1,127	1,118	507	602	1,559	1,073	448	120	787	802	314	434	542	2,413	427	892	449	923	938	1,851	1,215	1,060	728	774	2,400	300	100
Cash And Cash Equivalents Changes	0	0	-55,400	38,992	0	297	-176,203	193,139	-434,105	287,235	173,282	-67,972	-75,838	3,321	56,971	3,265	0	35,059	20,540	17,760	28,363	37,424	9,777	-9,898	-59,984	17,235	35,276	-25,395	-19,550	42,468	-60,736	95,126	-4,646	-14,427	4,361	23,889	-17,850	-11,799	-8,640	44,884	-42,533	35,847	12,341	-10,479	4,494	26,333	-10,103	14,263	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	-23,669	23,107	0	-50,016	-15,703	-1,184	3,383	4,346	1,690	27,163	26,281	2,374	-25,398	-53,756	0	-6,224	-9,922	-1,783	4,925	940	2,475	-1,086	-18,131	674	1,244	-2,567	2,599	1,881	-4,658	-2,433	728	1,240	-1,598	-1,954	-691	625	-430	-385	-471	-74	8,020	-109	976	646	629	-144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-33,170	134,283	-55,400	38,992	-9,813	297	-176,203	193,139	-434,105	287,235	173,282	-67,972	-75,838	3,321	56,971	3,265	413	35,059	20,540	17,760	28,363	37,424	9,777	-9,898	-59,984	17,235	35,276	-25,395	-19,550	42,468	-60,736	95,126	-4,646	-14,427	4,361	23,889	-17,850	-11,799	-8,640	-42,533	-42,533	35,847	12,341	-10,479	4,494	26,333	-10,103	14,263	7,300	-6,407	9,703	12,684	-47,317	43,636	-47,726	42,022	13,647	2,273	-8,159	1,126	-8,964	-2,585	-10,584	14,721	-39,779	48,293	-6,648	-24,642	22,075	1,374	2,131	1,569	-19,238	-7,737	24,585	-141	-32,483	11,150	21,562	9,033	-23,565	-3,058	-531	37,773	-28,915	14,128	559	1,078	-9,377	-2,343	10,475	69	5,843	-5,889	2,450	7,045	-11,258	14,700	5,300	-3,500
Change In Working Capital	-1,000	-1,157	-1,271	3,705	-19,439	-3,257	-1,115	-3,239	-4,092	2,798	-7,156	7,650	2,665	-8,182	-606	-82	-2,443	4,553	-1,373	-1,631	5,755	2,121	5,672	-1,126	-15,778	-2,898	-4,077	1,393	-3,657	8,368	-4,643	-4,050	-758	3,008	-2,272	-1,544	-986	3,278	-1,626	56	-7,730	913	5,943	1,449	-106	1,163	728	1,411	-2,427	3,699	-3,259	4,528	2,622	567	5,804	2,135	-12,255	-7,052	-20,234	10,337	969	-852	-4,301	-208	2,233	-1,810	935	-149	441	1,255	-1,538	1,285	-2,428	1,095	435	475	30	1,298	462	-1,090	-1,225	1,938	-3,233	1,465	2,147	-891	-2,994	1,128	-1,319	457	-1,405	1,269	-409	1,097	-468	1,244	-161	-700	-800	1,200
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	702	3,122	869	1,734	1,373	1,494	0	0	503	1,040	0	0	0	1,187	65	1,042	1,289	2,086	2,243	516	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	26,872	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	22,512	-19,156	0	46,792	15,234	-1,379	-9,736	-786	-8,180	-18,687	-20,110	-9,719	16,038	64,225	0	11,886	9,090	959	1,638	2,205	4,638	1,262	3,507	-1,790	-3,479	5,467	-6,251	7,386	1,395	-912	348	3,624	-691	410	-295	2,653	-1,196	-667	527	987	-2,077	1,558	-1,082	517	99	1,555	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	2,570	10,191	3,993	2,843	5,770	12,442	5,084	8,568	-5,796	-1,419	-2,282	7,152	19,206	-693	7,850	-767	-8	2,502	-11,263	-489	-1,233	1,723	18,909	-1,132	-171	2,012	1,742	2,996	-5,360	894	-1,735	313	-384	8	2,621	410	1,577	2,904	790	3,367	1,775	2,766	2,999	3,279	3,508	4,675	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	-1,271	-1,271	-19,439	-3,257	-1,115	-3,239	-4,092	-494	-7,156	7,650	2,665	-8,182	-606	-82	-2,443	4,553	-1,373	-1,631	5,755	2,121	5,672	-1,126	-21,360	-2,898	-4,077	-4,074	-3,982	982	-6,038	-3,138	-1,566	0	0	0	-384	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	3,453	3,015	2,733	2,559	7,869	2,372	3,285	3,282	1,558	3,077	1,678	1,948	2,192	1,844	1,734	1,781	1,426	-2,167	3,066	3,094	1,583	1,563	1,523	1,480	1,429	1,296	1,258	1,207	1,278	1,239	1,133	1,045	722	971	1,172	960	931	938	956	1,143	1,143	966	944	860	838	794	720	715	519	963	989	1,010	1,020	1,038	1,019	1,046	1,083	1,099	1,092	1,094	1,063	747	1,318	1,332	1,942	1,192	1,357	1,303	1,256	1,317	-688	3,417	2,859	2,862	1,921	1,695	2,218	2,193	1,742	1,824	6,112	-1,432	1,512	2,472	2,574	850	607	887	484	1,269	49	431	331	599	588	653	1,397	800	300	400
Dividends Paid	9,522	9,520	9,529	9,500	9,505	9,506	9,514	8,809	6,922	7,000	6,828	6,369	6,364	6,365	6,364	6,364	6,362	6,362	6,357	5,838	5,510	5,510	5,509	4,778	4,775	4,775	4,776	4,527	4,266	4,260	3,956	3,525	3,246	3,245	3,243	2,852	2,852	2,866	2,717	2,378	2,378	2,205	1,788	1,781	1,771	1,354	1,361	1,506	1,519	1,509	1,509	1,790	1,690	1,701	1,729	1,728	1,719	1,723	2,769	1,945	1,933	1,908	1,892	2,328	2,228	2,214	2,211	1,742	2,202	2,110	2,098	2,107	2,119	2,056	2,061	2,071	2,085	2,082	1,599	1,596	1,610	1,420	1,349	1,352	1,308	1,293	1,232	1,232	1,199	1,178	1,046	1,051	1,006	947	949	950	914	1,100	700	600
End Period Cash Flow	320,655	353,825	219,542	274,942	235,950	245,763	245,466	421,669	228,530	662,635	375,400	202,118	270,090	345,928	342,607	285,636	282,371	281,958	246,899	226,359	208,599	180,236	142,812	133,035	142,933	202,917	185,682	150,406	175,801	195,351	152,883	213,619	118,493	123,139	137,566	133,205	109,316	127,166	138,965	102,721	102,721	145,254	109,407	97,066	107,545	103,051	76,718	86,821	72,558	65,258	71,665	61,962	49,278	96,595	52,959	100,685	58,663	45,016	42,743	50,902	49,776	58,740	61,325	71,909	57,188	96,967	48,674	55,322	79,964	57,889	56,515	54,384	52,815	72,053	79,790	55,205	55,346	87,829	76,679	55,117	46,084	69,649	72,707	73,238	35,465	64,380	50,252	49,693	48,615	57,992	60,335	49,860	49,791	43,948	49,837	47,387	40,342	51,600	36,900	31,600
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
Free Cash Flow	23,381	25,541	25,773	34,749	23,294	30,319	36,255	28,396	23,291	23,457	15,217	28,287	20,935	2,127	31,598	22,792	23,778	20,077	18,890	18,450	11,414	21,350	22,621	18,530	18,377	13,375	12,825	18,917	11,425	25,183	3,006	6,482	7,749	14,108	6,390	7,681	10,820	12,769	9,259	9,622	9,622	12,335	14,997	10,988	9,640	10,208	8,096	11,669	9,049	13,175	9,129	15,497	14,592	9,572	17,005	13,162	-6,309	-24,936	31,362	19,396	9,865	8,983	7,605	7,479	9,641	4,738	6,749	4,994	6,646	6,895	1,770	8,682	6,378	8,486	6,602	6,986	8,112	6,461	5,771	5,641	10,154	3,357	1,477	7,651	4,881	6,199	-621	5,543	1,827	4,540	786	3,536	622	3,570	2,001	4,019	3,221	-900	1,200	3,000
Investments	-13,052	-130,423	-105,429	-40,678	-286,180	-41,417	-325,575	-322,514	-379,988	150,208	-22,754	-266,418	396,470	-296,704	-715,345	-307,374	-231,339	-75,526	-30,943	-80,831	-73,474	-86,022	-95,505	-89,187	-72,829	-5,163	-64,565	-182,208	-221,061	-105,873	-114,605	-70,430	-133,506	-56,136	-68,404	-58,543	-59,089	-34,464	-101,331	-24,782	-92,101	-5,045	-62,920	-5,454	-62,212	16,328	-13,027	-17,146	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	125,390	84,531	371,010	-74,419	329,295	-3,542	-13,410	74,370	-16,809	-57,561	-42,202	-105,846	-220,969	64,971	129,332	-69,377	-2,523	-5,772	183,021	-162,172	90,822	-13,451	-13,478	-100,050	172,673	-61,562	-6,186	-30,404	-20,258	-41,393	47,355	-43,770	68,898	28,646	18,937	-38,015	95,559	33,961	14,156	-6,102	14,509	-32,974	27,708	-88,377	6,505	4,322	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	19,871	22,239	22,628	19,805	33,577	28,746	29,117	15,929	22,170	22,289	27,407	23,175	18,848	14,427	11,851	12,392	18,715	18,874	17,457	15,626	15,550	16,758	15,838	15,255	13,175	13,723	13,370	12,312	11,953	11,327	10,130	8,108	8,464	7,825	7,862	8,330	7,939	8,246	7,781	7,341	7,341	6,617	5,903	5,108	5,829	5,489	5,453	4,971	5,116	5,106	4,858	4,771	5,020	4,872	4,753	4,566	2,140	2,011	-12,722	3,175	889	5,856	2,880	5,540	3,295	4,799	5,524	4,370	2,123	5,107	5,055	4,692	5,158	5,358	5,137	4,568	4,656	4,552	3,718	3,569	3,996	3,822	3,746	3,543	4,036	-711	3,511	3,241	3,086	2,831	2,668	2,438	2,646	2,521	2,434	2,404	900	1,400	1,700	1,400
Other Cashflows From Financing Activities	278,768	247,909	33,131	4,545	269,112	101,598	73,027	128,182	28,974	375,832	68,016	110,003	152,706	55,781	459,442	209,968	206,337	69,135	61,937	36,114	178,574	92,053	63,046	80,448	18,569	257,584	131,666	226,509	178,030	116,183	74,568	140,345	142,986	61,176	1	80,580	42,869	12,017	140,821	115	115	30,229	-5,148	27	-14	75,331	21,800	-21,782	146,011	-1,893	-12,232	51,955	13	28,951	-35,751	39,632	1	59,138	56,677	-38,124	-12	15,666	31,847	48,532	103,026	112,908	74,655	27,296	990	6,820	80,986	-33,034	20,517	89,687	-20,168	-19,605	89,321	41,246	59,424	-1,056	59,395	55,392	65,945	58,333	20,106	58,138	45,072	30,885	32,281	50,001	27,887	19,114	29,961	8,391	20,063	8,761	-9,359	9,500	20,700	7,100
Other Cashflows From Investing Activities	0	0	654	1,854	-21,257	-80,697	40,364	367,884	761	-2,769	1,562	55,274	-633,957	269,107	297,619	69,701	-4,499	37,773	23,278	57,777	-65,384	27,268	45,124	145	830	-16,087	-14,857	3,702	246	31,236	1,549	41,415	1,095	-2,156	298	-2,747	402	745	328	127	25,711	533	75,003	993	1,216	766	381	154	2,548	1,720	1,307	769	4,133	3,026	2,216	1,262	5,549	4,225	4,377	2,033	0	0	0	0	0	0	0	0	0	0	0	0	650	650	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	1,704	329	-1,361	8,967	2,023	2,311	5,529	11,929	-1,462	-1,416	1,013	813	5,764	17	1,041	-1,026	4,273	-1,203	-237	1,961	1,963	-121	-1,413	677	4,206	-937	200	1,034	3,559	2,498	-4,969	494	1,651	1,609	-1,004	-1,167	3,289	-1,055	-273	1,492	-814	1,495	500	-29	3,745	4,582	4,637	6,300	6,845	4,009	6,380	-35	5,813	3,549	5,420	5,661	5,532	-20,213	63,901	5,833	12,006	4,123	8,190	1,312	3,803	838	-1,067	633	738	66	319	-107	141	298	227	755	1,126	926	875	875	750	-184	254	485	-3,442	7,493	668	714	468	432	397	336	-95	568	507	446	1,859	1,000	300	100
Sale Purchase Of Stock	0	-15	-42	-1,493	-881	-79	-63	0	0	0	6	-656	1,452	-25	-10	-1,452	-61	-38	-45	-571	-4	-15	59	-744	773	0	-17	-756	206	10	-45	-161	254	-4	-20	-230	-77	-94	101	23,622	1,541	663	147	-5,296	92,757	25,054	63,977	192,797	20,000	0	0	-20,000	24,956	0	0	0	14,641	0	0	0	113,760	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	1,150	749	1,192	1,725	1,970	1,209	1,159	1,439	919	958	990	1,206	613	585	614	847	723	558	568	696	495	471	465	994	343	416	396	1,170	405	387	353	754	346	347	345	567	269	483	390	226	0	228	256	185	187	191	190	178	153	158	161	155	136	125	145	132	117	110	108	108	351	0	0	45	260	0	0	31	3,344	0	0	0	717	0	0	0	-57	-204	-373	-3	-162	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-45,371	238,374	23,602	43,067	250,367	92,092	72,753	119,373	14,553	293,001	56,188	114,885	140,714	28,812	443,078	218,146	206,204	52,735	9,315	22,364	155,807	74,828	37,537	60,614	-6,362	25,110	101,873	134,194	189,840	91,923	50,567	117,659	120,016	29,757	66,077	77,498	30,017	9,151	83,104	14,235	14,235	28,024	-14,739	-17,006	55,850	-969	-5,553	19,586	79,501	-8,389	-13,726	-49,687	22,393	27,263	-37,464	37,918	-42,066	57,415	53,908	18,769	56,853	3,758	19,505	35,799	59,943	100,694	51,994	15,149	-1,213	4,710	78,443	-38,046	11,613	87,631	-22,229	-28,461	87,208	34,615	57,825	-2,652	51,139	53,972	64,596	50,335	18,798	56,845	43,840	29,653	31,082	48,823	26,841	18,063	28,955	7,444	19,114	7,811	-10,273	8,400	20,000	6,500
Total Cash From Operating Activities	24,161	26,332	27,259	36,761	26,000	31,381	37,975	29,340	24,720	24,249	16,133	30,001	23,319	3,733	33,542	24,397	25,548	21,650	19,690	20,243	13,038	22,503	24,013	19,884	20,279	14,121	13,339	19,727	12,551	26,386	3,677	7,459	9,601	15,041	7,496	8,628	11,408	13,617	9,738	10,422	10,422	12,775	15,847	11,684	11,069	12,219	11,728	13,575	10,378	13,935	9,129	16,488	15,158	10,151	17,141	13,540	-6,108	-24,045	32,145	20,547	10,788	9,874	8,087	7,967	9,360	5,019	6,749	5,838	7,162	7,745	3,148	9,287	7,971	9,613	7,720	7,493	8,714	8,020	6,844	6,089	10,274	4,144	2,279	7,965	5,315	6,741	1,792	5,970	2,719	4,989	1,709	4,474	2,473	4,785	3,061	4,747	3,995	1,500	1,500	3,100
Total Cashflows From Investing Activities	0	0	-106,261	-40,836	-286,180	-123,176	-286,931	44,426	-473,378	111,897	100,961	-212,858	-239,871	-29,224	-419,649	-239,278	-231,339	-39,326	-8,465	-24,847	-140,482	-59,907	-51,773	-90,396	-73,901	-21,996	-79,936	-179,316	-221,941	-75,841	-114,980	-29,992	-134,263	-59,225	-69,212	-62,237	-59,275	-34,567	-101,482	-25,232	-67,190	-4,952	11,233	-5,157	-62,425	15,083	-16,278	-18,898	-34,349	48,230	60,183	45,883	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	30,328	0	0	59,921	20,827	0	0	0	5,596	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	0	31,591	23,818	0	0	43,975	31,056	21,870	12,816	14,802	19,000	30,353	38,927	-128	-940	79,088	70,626	54,830	35,188	25,419	19,224	27,846	24,431	23,720	0	0	0	0	0
Depreciation And Amortization	11,760	16,808	8,261	1,025	1,182	594	654	734	415	464	288	3,067	577	1,062	1,062	4,460	5,794	5,302	9,337	7,977	8,664	4,918	2,233	2,171	2,897	1,600	876	801	882
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
Ebit	-857	198,920	127,335	74,777	93,944	125,406	109,551	84,447	62,932	58,679	50,701	47,284	51,578	58,292	30,576	77,747	90,839	77,541	63,437	45,931	38,418	31,310	38,807	36,420	28,355	21,600	18,391	17,391	16,197
Ebitda	10,903	215,728	135,596	75,802	95,126	126,000	110,205	85,181	63,347	59,143	50,989	50,351	52,155	59,354	31,638	82,207	96,633	82,843	72,774	53,908	47,082	36,228	41,040	38,591	31,252	23,200	19,267	18,192	17,079
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	0	-600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	514,580	309,123	257,196	232,466	220,453	193,674	188,622	165,397	134,573	131,288	124,306	114,418	115,530	119,022	112,236	106,190	90,355	80,884	84,752	74,901	63,481	58,051	48,782	44,227	40,114	25,100	2,905	2,768	2,111
Income Before Tax	110,793	143,992	127,335	74,777	93,944	80,289	80,049	62,839	48,648	46,288	37,419	31,838	28,563	29,336	-13,173	22,389	26,189	24,437	29,805	24,114	22,194	13,964	15,976	14,700	8,114	8,600	7,870	7,696	7,083
Income Tax Expense	26,053	36,623	32,294	17,259	23,272	16,888	27,469	21,321	16,167	15,159	12,450	10,096	8,712	10,125	-7,777	7,224	8,201	7,460	9,584	7,619	7,087	3,887	4,953	4,695	2,714	2,900	2,697	2,634	2,287
Interest Expense	12,698	54,928	22,483	41,155	60,453	39,562	24,966	17,647	10,874	8,937	9,657	15,446	20,111	25,895	40,443	55,358	64,650	53,104	33,632	21,817	16,224	17,346	22,831	21,720	20,241	13,000	10,521	9,696	9,114
Interest Income	469,891	367,543	257,318	248,842	256,487	213,121	190,204	163,296	127,514	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	84,740	107,369	95,041	57,518	70,672	63,401	52,580	41,518	32,481	31,129	24,969	21,742	19,851	19,211	-5,396	15,165	17,988	16,977	20,221	16,495	15,107	10,077	11,023	10,005	5,400	5,700	5,173	5,061	4,796
Net Income Applicable To Common Shares	0	106,133	95,041	57,518	70,076	63,401	52,580	41,518	32,481	31,129	24,969	21,122	17,684	15,224	0	15,165	17,988	16,977	20,221	16,495	15,107	10,077	11,023	10,005	0	0	0	0	0
Net Income From Continuing Ops	98,249	107,369	95,041	57,518	70,672	63,401	52,580	41,518	32,481	31,129	24,969	21,742	19,851	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	298,013	312,615	234,835	207,687	196,034	173,559	165,238	145,649	116,640	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	4,103	1,152	1,152	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	472,648	198,920	127,335	74,777	93,944	119,851	109,551	84,447	62,932	58,679	50,701	47,284	51,578	58,292	30,576	77,747	90,839	77,541	63,437	45,931	38,418	31,310	38,807	36,420	28,355	21,600	18,391	17,391	16,197
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	402,923	31,591	129,861	157,689	126,509	73,823	1,675	1,672	1,586	2,025	2,088	2,034	2,409	2,572	1,693	2,348	1,825	1,573	1,625	1,473	1,081	26,741	9,975	7,807	11,759	3,500	15,486	14,623	14,085
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	620	2,167	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	16,176	16,808	8,261	7,551	5,419	6,149	5,190	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	2,236	2,523	1,642	1,253	1,945	1,437	1,675	1,672	1,586	2,025	2,088	2,034	2,409	2,700	2,633	2,348	1,825	1,573	1,625	1,473	1,081	0	0	0	0	0	0	0	0
Selling General Administrative	114,168	110,891	84,930	86,074	81,260	73,597	66,147	61,713	53,703	48,589	45,367	42,164	40,686	43,184	41,929	32,263	32,864	30,839	28,511	25,128	20,676	18,491	17,262	14,996	14,898	8,500	6,113	5,457	5,297
Tax Provision	31,446	36,623	32,294	17,259	23,272	16,888	27,469	21,321	16,167	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	41,932	227,757	-129,861	-157,689	-126,509	-73,823	1,675	1,672	1,586	2,025	2,088	2,034	2,409	2,700	2,633	2,348	1,825	1,573	1,625	1,473	1,081	-26,741	-9,975	-7,807	-11,759	-3,500	15,486	14,623	14,085
Total Other Income Expense Net	110,793	-54,928	127,335	74,777	93,944	-39,562	-29,502	-21,608	-14,284	-12,391	-13,282	-15,446	-23,015	-28,956	-43,749	-55,358	-64,650	-53,104	-33,632	-21,817	-16,224	-17,346	-22,831	-21,720	-20,241	-13,000	-10,521	-9,696	-9,114
Total Revenue	514,580	340,714	257,196	232,466	220,453	193,674	188,622	165,397	134,573	131,288	124,306	114,418	115,530	119,022	112,236	106,190	90,355	80,884	84,752	74,901	63,481	58,051	48,782	44,227	40,114	25,100	2,905	2,768	2,111

	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
Cost Of Revenue	0	0	0	0	0	0	0	0	0	6,495	5,692	0	0	0	0	0	0	0	0	0	12,819	11,704	10,259	9,193	8,300	8,447	7,618	6,691	5,879	6,250	4,945	4,796	1,081	3,157	3,379	3,344	3,967	3,538	3,723	3,574	3,859	4,247	5,078	5,816	6,192	7,190	8,067	8,904	9,115	8,995	10,585	10,232	10,253	11,181	11,667	12,075	14,979	14,686	44,753	17,640	24,265	16,395	21,498	16,930	21,036	17,884	16,086	15,620	16,067	14,496	12,530	11,737	10,345	9,063	7,964	7,816	7,372	6,682	5,592	5,773	5,317	4,959	4,297	4,651	4,929	12,740	5,038	5,139	5,615	6,073	6,207	6,536	6,619	6,069	5,588	5,444	0	0	0	0
Depreciation And Amortization	3,453	3,015	2,733	2,559	7,869	2,372	3,285	3,282	1,558	3,077	1,678	226	249	250	261	265	289	288	301	304	142	142	153	157	165	104	190	195	202	201	164	167	99	98	107	111	111	111	119	124	1,143	123	41	860	838	794	720	715	519	46	266	265	1,020	265	266	265	1,083	265	266	1,094	1,063	747	1,318	1,332	1,942	1,192	1,357	1,303	1,256	1,317	-688	3,417	2,859	2,862	1,921	1,695	2,218	2,193	1,742	1,824	6,112	-1,432	1,512	2,472	2,574	850	607	887	484	1,269	49	431	331	599	588	653	1,397	800	300	400
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	0	25,679	26,523	61,613	72,592	54,491	45,286	26,551	33,637	35,903	42,372	39,628	33,913	29,703	27,465	31,377	40,348	38,772	42,316	37,198	34,249	32,503	30,273	28,381	29,434	28,705	27,198	24,214	24,773	22,691	20,166	16,817	16,314	15,555	15,396	15,667	14,750	15,553	14,634	14,235	11,044	13,057	12,339	10,210	11,585	11,817	12,362	11,520	12,051	13,202	12,895	12,911	13,363	14,368	14,793	15,014	13,692	15,583	-16,347	16,002	13,618	22,287	17,684	24,158	21,512	24,213	23,715	21,399	18,071	21,645	19,520	18,305	17,740	16,754	15,228	13,715	13,126	12,471	10,188	10,146	10,438	9,846	9,061	9,073	9,867	2,892	9,466	9,085	9,696	9,762	9,674	9,675	9,859	9,280	8,698	8,584	5,955	6,100	5,800	5,400
Ebitda	3,453	28,694	29,256	64,172	80,461	56,863	48,571	29,833	35,195	38,980	44,050	39,854	34,162	29,953	27,726	31,642	40,637	39,060	42,617	37,502	34,391	32,645	30,426	28,538	29,599	28,809	27,388	24,409	24,975	22,892	20,330	16,984	16,413	15,653	15,503	15,778	14,861	15,664	14,753	14,359	0	13,180	12,380	11,070	12,423	12,611	13,082	12,235	12,570	13,248	13,161	13,176	14,383	14,633	15,059	15,279	14,775	15,848	-16,081	17,096	14,681	23,034	19,002	25,490	23,454	25,405	25,072	22,702	19,327	22,962	18,832	21,722	20,599	19,616	17,149	15,410	15,344	14,664	11,930	11,970	16,550	8,414	10,573	11,545	12,441	3,742	10,073	9,972	10,180	11,031	9,723	10,106	10,190	9,879	9,286	9,237	7,352	6,900	6,100	5,800
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
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	135,630	74,324	78,211	82,190	88,663	87,518	87,365	77,168	64,893	64,807	65,009	61,883	61,387	58,292	55,464	57,323	56,928	54,794	55,004	53,727	49,263	48,707	48,644	47,060	47,608	47,023	47,015	46,976	42,907	44,515	39,604	38,371	34,580	34,191	33,627	33,256	33,319	33,261	32,790	33,445	31,758	32,132	29,742	28,987	29,601	28,295	28,519	28,003	28,139	29,446	29,131	28,814	29,893	31,079	29,482	28,696	32,842	26,576	26,503	27,865	26,813	27,358	26,926	25,093	23,400	22,239	23,406	21,310	17,612	21,202	21,045	21,025	20,756	21,709	21,151	21,136	20,896	20,647	16,924	16,434	16,902	16,038	15,652	14,889	15,198	15,048	14,385	13,420	12,956	12,553	11,913	11,360	11,238	11,383	11,101	10,506	10,514	10,300	6,700	6,200
Income Before Tax	27,151	28,694	29,256	25,692	46,053	38,349	38,653	20,937	28,935	30,303	36,871	31,226	24,246	18,810	15,538	16,183	24,923	25,283	23,901	19,837	20,580	20,424	20,136	19,149	21,088	20,893	20,339	17,729	18,193	17,166	15,262	12,218	12,755	11,857	11,692	12,344	11,552	12,382	11,667	11,044	11,044	9,846	8,952	7,577	8,517	7,977	8,172	7,172	7,361	7,348	6,993	6,861	7,654	7,271	7,374	7,037	5,151	4,781	-27,843	4,738	385	9,165	4,344	8,495	4,390	7,118	8,300	6,381	2,742	7,486	7,309	6,900	7,537	7,995	7,591	6,682	6,680	6,715	5,471	5,248	5,871	5,637	5,514	5,172	5,688	-1,598	5,178	4,696	4,481	4,089	3,867	3,539	3,740	3,711	3,610	3,640	1,014	1,100	2,400	2,000
Income Tax Expense	7,083	6,455	6,628	5,887	12,476	9,603	9,536	5,008	6,765	8,014	9,464	8,051	5,398	4,383	3,687	3,791	6,208	6,409	6,444	4,211	5,030	3,666	4,298	3,894	7,913	7,170	6,969	5,417	6,240	5,839	5,132	4,110	4,291	4,032	3,830	4,014	3,613	4,136	3,886	3,703	3,703	3,229	3,049	2,469	2,688	2,488	2,719	2,201	2,245	2,242	2,135	2,090	2,634	2,399	2,621	2,471	3,011	2,770	-15,121	1,563	-504	3,309	1,464	2,955	1,095	2,319	2,776	2,011	619	2,379	2,254	2,208	2,379	2,637	2,454	2,114	2,024	2,163	1,753	1,679	1,875	1,815	1,768	1,629	1,652	-887	1,667	1,455	1,395	1,258	1,199	1,101	1,094	1,189	1,176	1,236	114	700	700	600
Interest Expense	6,052	57,633	49,226	38,480	26,539	16,142	6,633	5,614	4,702	5,600	5,501	6,680	7,724	9,299	10,454	13,678	14,288	15,944	15,650	14,571	12,228	10,658	8,767	7,909	7,082	6,620	5,791	5,473	5,504	4,487	3,935	3,721	2,936	2,825	2,639	2,474	2,378	2,344	2,130	2,172	2,172	2,368	2,484	2,633	3,068	3,840	4,190	4,348	4,690	4,937	5,179	5,305	5,709	6,324	6,666	7,196	8,541	9,968	10,670	11,264	13,233	13,122	13,340	15,663	17,122	17,095	15,415	15,018	15,329	14,159	12,211	11,405	10,203	8,759	7,637	7,033	6,446	5,756	4,717	4,898	4,567	4,209	3,547	3,901	4,179	4,490	4,288	4,389	5,215	5,673	5,807	6,136	6,119	5,569	5,088	4,944	4,941	5,000	3,400	3,400
Interest Income	129,326	126,539	120,768	114,405	108,179	96,427	86,935	76,002	63,731	64,938	65,241	63,408	62,859	61,433	60,973	63,577	63,836	64,626	64,848	63,177	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	20,068	22,239	22,628	19,805	33,577	28,746	29,117	15,929	22,170	22,289	27,407	23,175	18,848	14,427	11,851	12,392	18,715	18,874	17,457	15,626	15,550	16,758	15,838	15,255	13,175	13,723	13,370	12,312	11,953	11,327	10,130	8,108	8,464	7,825	7,862	8,330	7,939	8,246	7,781	7,341	7,341	6,617	5,903	5,108	5,829	5,489	5,453	4,971	5,116	5,106	4,858	4,771	5,020	4,872	4,753	4,566	2,140	2,011	-12,722	3,175	889	5,856	2,880	5,540	3,295	4,799	5,524	4,370	2,123	5,107	5,055	4,692	5,158	5,358	5,137	4,568	4,656	4,552	3,718	3,569	3,996	3,822	3,746	3,543	4,036	-711	3,511	3,241	3,086	2,831	2,668	2,438	2,646	2,522	2,434	2,404	900	400	1,700	1,400
Net Income Applicable To Common Shares	0	0	22,628	19,805	33,188	28,407	29,117	15,929	22,170	22,289	27,407	23,175	18,848	14,427	11,743	12,392	18,562	18,874	17,457	15,626	15,550	16,758	15,838	15,255	13,175	13,723	13,370	12,312	11,953	11,327	10,130	8,108	8,464	7,825	7,862	8,330	7,939	8,246	7,781	7,163	7,341	6,617	5,903	5,108	5,829	5,489	5,453	4,351	4,822	4,813	4,564	3,485	4,424	3,283	3,849	3,668	1,255	1,126	-2,636	2,636	889	5,856	2,880	5,540	3,295	4,799	5,524	4,370	2,123	5,107	5,055	4,692	5,158	5,358	5,137	4,568	4,656	4,552	3,718	3,569	3,996	3,822	3,746	3,543	4,036	-3,511	3,511	3,241	3,086	2,831	2,668	2,438	2,646	2,521	2,434	2,404	0	0	0	0
Net Income From Continuing Ops	20,068	22,239	22,628	19,805	33,577	28,746	29,117	15,929	22,170	22,289	27,407	23,175	18,848	14,427	11,851	12,392	18,715	18,874	17,457	15,626	15,550	16,758	15,838	15,255	13,175	13,723	13,370	12,312	11,953	11,327	10,130	8,108	8,464	7,825	7,862	8,330	7,939	8,246	7,781	7,163	7,341	6,617	5,903	5,108	5,829	5,489	5,453	4,971	0	5,106	4,858	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	65,308	68,906	71,542	75,925	81,640	80,285	80,302	70,388	59,029	59,338	59,740	56,728	55,135	52,134	50,519	49,899	49,548	48,682	49,198	48,606	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-702	9,283	-6,199	1,721	1,152	0	0	0	1,152	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	125,350	28,694	29,256	61,613	72,592	54,491	45,286	26,551	33,637	35,903	42,372	39,628	33,913	29,703	27,465	31,377	40,348	38,772	42,316	37,198	34,249	32,503	30,273	28,381	29,434	28,705	27,198	24,214	24,773	22,691	20,166	16,817	16,314	15,555	15,396	15,667	14,750	15,553	14,634	14,235	11,044	13,057	12,339	10,210	11,585	11,817	12,362	11,520	-117,529	13,202	12,895	12,911	-120,423	14,368	14,793	15,014	13,692	15,583	-16,347	16,002	13,618	22,287	17,684	24,158	21,512	24,213	23,715	21,399	18,071	21,645	19,520	18,305	17,740	16,754	15,228	13,715	13,126	12,471	10,188	10,146	10,438	9,846	9,061	9,073	9,867	2,892	9,466	9,085	9,696	9,762	9,674	9,675	9,859	9,280	8,698	8,584	5,955	6,100	5,800	5,400
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	108,350	45,630	48,955	20,577	91,968	53,832	44,577	25,894	71,338	6,495	5,692	318	1,253	381	232	227	1,945	423	538	469	1,437	343	456	361	1,675	442	508	401	1,672	429	385	309	2,667	396	416	240	2,025	629	476	2,088	0	715	435	288	2,034	718	458	470	30,138	612	619	615	31,166	511	648	554	2,633	667	784	557	2,348	648	544	458	1,825	363	564	411	1,573	363	423	411	1,625	390	534	341	1,473	450	376	315	1,081	6,192	6,591	5,816	13,993	12,156	4,919	4,335	3,260	2,791	2,239	1,685	1,379	2,103	2,403	1,922	4,559	4,200	900	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	620	0	293	294	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	3,453	3,015	2,733	2,559	7,869	2,372	3,285	3,282	1,558	3,077	1,678	226	2,192	1,844	1,734	1,781	1,426	-2,167	3,066	3,094	1,583	1,563	1,523	1,480	1,429	1,296	1,258	1,207	1,278	1,239	1,133	1,045	722	971	1,172	960	931	938	956	1,143	1,143	966	944	860	838	794	720	715	519	963	989	1,010	1,020	1,038	1,019	1,046	1,083	1,099	1,092	1,094	1,063	747	1,318	1,332	1,942	1,192	1,357	1,303	1,256	1,317	-688	3,417	2,859	2,862	1,921	1,695	2,218	2,193	1,742	1,824	6,112	-1,432	1,512	2,472	2,574	850	607	484	484	1,269	49	431	331	599	588	653	1,397	800	300	400
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
Selling And Marketing Expenses	613	565	547	511	550	816	760	397	1,140	395	427	318	413	381	232	227	515	423	538	469	277	343	456	361	324	442	508	401	549	429	385	309	534	396	416	240	534	629	476	650	650	715	435	288	388	718	458	470	563	612	619	615	987	511	648	554	625	667	784	557	698	648	544	458	414	456	564	391	376	363	423	411	360	390	534	341	332	450	376	315	1,081	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	26,487	27,510	29,212	30,959	27,604	27,326	27,610	28,351	20,734	21,939	21,028	22,129	21,836	21,308	21,554	21,376	20,492	19,488	20,659	20,621	18,900	18,561	18,013	18,123	16,786	16,314	16,465	16,582	15,365	16,232	14,574	15,542	13,699	13,245	13,052	12,633	12,692	12,184	12,045	11,671	11,671	11,803	11,057	10,836	10,887	10,485	10,466	10,326	9,985	10,214	10,189	10,593	11,031	10,781	10,769	10,603	10,300	10,170	11,556	9,903	7,884	8,282	7,693	8,404	8,486	8,123	8,098	8,157	7,917	7,617	7,672	7,633	6,856	7,408	7,142	7,105	7,054	6,965	5,562	5,547	5,426	5,240	5,051	4,959	4,498	4,625	4,714	4,654	4,393	4,452	4,240	4,177	3,669	4,027	3,754	3,546	2,898	4,700	2,300	2,300
Tax Provision	7,083	6,455	6,628	5,887	12,476	9,603	9,536	5,008	6,765	8,014	9,464	8,051	5,398	4,383	3,687	3,791	6,208	6,409	6,444	4,211	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	10,280	-45,630	-48,955	-20,577	-91,968	53,832	44,577	25,894	-71,338	-22,409	-16,945	318	1,253	381	232	227	1,945	423	538	469	1,437	343	456	361	1,675	442	508	401	1,672	429	385	309	1,586	396	416	240	2,025	629	476	2,088	25,000	715	435	288	2,034	718	458	470	30,138	612	619	615	31,166	511	648	554	2,633	667	784	557	2,348	648	544	458	1,825	363	564	411	1,573	363	423	411	1,625	390	534	341	1,473	450	376	315	1,081	-6,192	-6,591	-5,816	-13,993	-12,156	-4,919	-4,335	-3,260	-2,791	-2,239	-1,685	-1,379	-2,103	-2,403	-1,922	-4,559	-4,200	-900	-800
Total Other Income Expense Net	27,151	28,694	29,256	-35,921	-26,539	-16,142	-6,633	-5,614	-4,702	-5,600	-5,501	-8,402	-9,667	-10,893	-11,927	-15,194	-15,425	-13,489	-18,415	-17,361	-13,669	-12,079	-10,137	-9,232	-8,346	-7,812	-6,859	-6,485	-6,580	-5,525	-4,904	-4,599	-3,559	-3,698	-3,704	-3,323	-3,198	-3,171	-2,967	-3,191	0	-3,211	-3,387	-2,633	-3,068	-3,840	-4,190	-4,348	124,890	-5,854	-5,902	-6,050	128,077	-7,097	-7,419	-7,977	-8,541	-10,802	-11,496	-11,264	-13,233	-13,122	-13,340	-15,663	-17,122	-17,095	-15,415	-15,018	-15,329	-14,159	-12,211	-11,405	-10,203	-8,759	-7,637	-7,033	-6,446	-5,756	-4,717	-4,898	-4,567	-4,209	-3,547	-3,901	-4,179	-4,490	-4,288	-4,389	-5,215	-5,673	-5,807	-6,136	-6,119	-5,569	-5,088	-4,944	-4,941	-5,000	-3,400	-3,400
Total Revenue	135,630	74,324	78,211	82,190	88,663	87,518	87,365	77,168	64,893	64,807	65,009	61,883	61,387	58,292	55,464	57,323	56,928	54,794	55,004	53,727	49,263	48,707	48,644	47,060	47,608	47,023	47,015	46,976	42,907	44,515	39,604	38,371	34,580	34,191	33,627	33,256	33,319	33,261	32,790	33,445	33,445	32,132	29,742	28,987	29,601	28,295	28,519	28,003	28,139	29,446	29,131	28,814	29,893	31,079	29,482	28,696	32,842	26,576	26,503	27,865	26,813	27,358	26,926	25,093	23,400	22,239	23,406	21,310	17,612	21,202	21,045	21,025	20,756	21,709	21,151	21,136	20,896	20,647	16,924	16,434	16,902	16,038	15,652	14,889	15,198	15,048	14,385	13,420	12,956	12,553	11,913	11,360	11,238	11,383	11,101	10,506	10,514	10,300	6,700	6,200

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

Gross Profit (+$)
totalRevenue	514,580
Cost of Revenue	-0
Gross Profit	514,580	514,580

Operating Income (+$)
Gross Profit	514,580
Operating Expense	-41,932
Operating Income	472,648	472,648

Operating Expense (+$)
Research Development	0
Selling General Administrative	114,168
Selling And Marketing Expenses	2,236
Operating Expense	41,932	116,404

Net Interest Income (+$)
Interest Income	469,891
Interest Expense	-12,698
Other Finance Cost	-159,180
Net Interest Income	298,013

Pretax Income (+$)
Operating Income	472,648
Net Interest Income	298,013
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	110,793	361,855 EBIT - interestExpense = -13,555 110,793 97,438
Interest Expense	12,698
Earnings Before Interest and Taxes (EBIT)	-857	123,491
Earnings Before Interest and Taxes (EBITDA)	10,903

After tax Income (+$)
Income Before Tax	110,793
Tax Provision	-31,446
Net Income From Continuing Ops	98,249	79,347
Net Income	84,740
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	402,923
Total Other Income/Expenses Net	110,793	-298,013

Technical Analysis of Lakeland Bancorp 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 Lakeland Bancorp Inc. The general trend of Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc.

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

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

The bullish price targets are: 12.30 < 12.58 < 12.66.

The bearish price targets are: 10.89 > 10.41.

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Lakeland Bancorp 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 Lakeland Bancorp 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.

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current macd is -0.21515737.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Lakeland Bancorp 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 Lakeland Bancorp 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 Lakeland Bancorp Inc price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current adx is 15.97.

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

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Lakeland Bancorp Inc shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current sar is 12.39.

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

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current rsi is 42.95. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

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

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current cci is -96.29976906.

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current cmo is -16.18381898.

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

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current willr is -66.66666667.

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

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

Lakeland Bancorp 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 Lakeland Bancorp Inc.

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current atr is 0.40251107.

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current obv is -5,281,283.

Lakeland Bancorp 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 Lakeland Bancorp Inc. The current mfi is 55.98.

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

MFI > 50: +1

Lakeland Bancorp Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

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

6.3. Candlestick Patterns

Lakeland Bancorp Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	42.946
Ma 20	Greater than	Ma 50	11.786
Ma 50	Greater than	Ma 100	11.959
Ma 100	Greater than	Ma 200	12.858
Open	Greater than	Close	11.310
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Lakeland Bancorp Inc Buy, Hold or Sell?

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Quick analysis of Lakeland Bancorp Inc (30 sec.)

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

$11.36

$17.93

$10.24 - $17.58

$28.17 - $35.51

2. Growth of Lakeland Bancorp Inc (5 min.)

Is Lakeland Bancorp Inc growing?

How much money is Lakeland Bancorp Inc making?

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

3. Financial Health of Lakeland Bancorp Inc (5 min.)

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

Industry Rankings (Banks - Regional)

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

What can you expect buying and holding a share of Lakeland Bancorp Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Lakeland Bancorp Inc

About Lakeland Bancorp Inc

Financial Health

Valuation

1.1. Profitability of Lakeland Bancorp Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Banks - Regional)

1.1.2. Return on Assets

Trends

Compared to industry (Banks - Regional)

1.1.3. Return on Equity

Trends

Compared to industry (Banks - Regional)

1.2. Operating Efficiency of Lakeland Bancorp Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Lakeland Bancorp Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Banks - Regional)

1.3.2. Quick Ratio

Trends

1.4. Solvency of Lakeland Bancorp Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Banks - Regional)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Banks - Regional)

2. Market Valuation of Lakeland Bancorp Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Lakeland Bancorp Inc
Buy, Hold or Sell?