Lakeland Financial Corporation
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Let's analyse Lakeland Financial Corporation together

Penke I guess you are interested in Lakeland Financial Corporation. 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 Financial Corporation. 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 Financial Corporation (30 sec.)

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

How much money do you get?

$1.81

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$65.64

Expected worth in 1 year

$109.38

How sure are you?

92.5%

+ What do you gain per year?

Total Gains per Share

$45.55

Return On Investment

74.2%

For what price can you sell your share?

Current Price per Share

$61.37

Expected price per share

$54.28 - $69.31

How sure are you?

50%

1. Valuation of Lakeland Financial Corporation (5 min.)

Live pricePrice per Share (EOD)

$61.37

Book Value per Share

$65.64

Intrinsic Value Per Share

$25.33 - $51.42

Total Value Per Share

$90.97 - $117.06

My calculation of the intrinsic value of Lakeland Financial Corporation 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: ($0.83) 3Y: ($1.22) TTM: ($1.04)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.01) 3Y: ($0.00) TTM: ($-0.08)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$3.22	$4.93	$3.34 - $5.10
2	$6.27	$9.92	$3.35 - $5.32
3	$9.15	$14.97	$3.36 - $5.54
4	$11.87	$20.08	$3.36 - $5.77
5	$14.44	$25.23	$3.37 - $5.99
6	$16.87	$30.41	$3.38 - $6.21
7	$19.17	$35.63	$3.38 - $6.43
8	$21.34	$40.88	$3.39 - $6.65
9	$23.39	$46.14	$3.40 - $6.87
10	$25.33	$51.42	$3.40 - $7.10

2. Growth of Lakeland Financial Corporation (5 min.)

Is Lakeland Financial Corporation growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.7b	$1.9b	-$1.1b	-130.4%

How much money is Lakeland Financial Corporation making?

	Current year	Previous year	Grow	Grow %
Making money	$23.4m	$25.9m	-$2.5m	-10.7%
Net Profit Margin	34.0%	44.9%	-	-

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

Quarterly Yearly

3. Financial Health of Lakeland Financial Corporation (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 Financial Corporation? (5 min.)

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

What can you expect buying and holding a share of Lakeland Financial Corporation?

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

Speculation

The Price per Share of Lakeland Financial Corporation is $61.37. 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 Financial Corporation.
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 Financial Corporation, 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 $65.64. Based on the TTM, the Book Value Change Per Share is $10.93 per quarter. Based on the YOY, the Book Value Change Per Share is $-1.31 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 $0.45 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	1.14	1.9%	0.90	1.5%	1.00	1.6%	0.89	1.5%	0.72	1.2%
Usd Book Value Change Per Share	44.18	72.0%	10.93	17.8%	-1.31	-2.1%	2.28	3.7%	1.33	2.2%
Usd Dividend Per Share	0.45	0.7%	0.45	0.7%	0.39	0.6%	0.35	0.6%	0.27	0.4%
Usd Total Gains Per Share	44.64	72.7%	11.39	18.6%	-0.92	-1.5%	2.63	4.3%	1.60	2.6%
Usd Price Per Share	65.16	-	55.95	-	71.30	-	57.71	-	50.80	-
Price to Earnings Ratio	14.28	-	16.20	-	17.91	-	16.16	-	18.72	-
Price-to-Total Gains Ratio	1.46	-	172.80	-	2.37	-	95.60	-	92.82	-
Price to Book Ratio	0.99	-	2.01	-	2.59	-	2.24	-	2.49	-
Price-to-Total Gains Ratio	1.46	-	172.80	-	2.37	-	95.60	-	92.82	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	61.37
Number of shares	16

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.45	0.35
Usd Book Value Change Per Share	10.93	2.28
Usd Total Gains Per Share	11.39	2.63
Gains per Quarter (16 shares)	182.19	42.07
Gains per Year (16 shares)	728.77	168.30

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	29	700	719	23	146	158
2	58	1399	1448	45	292	326
3	87	2099	2177	68	437	494
4	116	2799	2906	90	583	662
5	145	3499	3635	113	729	830
6	174	4198	4364	135	875	998
7	203	4898	5093	158	1020	1166
8	232	5598	5822	180	1166	1334
9	261	6298	6551	203	1312	1502
10	290	6997	7280	225	1458	1670

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%	112.0	0.0	0.0	100.0%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	7.0	5.0	0.0	58.3%	15.0	5.0	0.0	75.0%	34.0	6.0	0.0	85.0%	90.0	19.0	3.0	80.4%
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%	112.0	0.0	0.0	100.0%
Total Gains per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	17.0	3.0	0.0	85.0%	37.0	3.0	0.0	92.5%	99.0	13.0	0.0	88.4%

Fundamentals of Lakeland Financial Corporation

About Lakeland Financial Corporation

https://www.lakecitybank.com
Banks - Regional
608
202 East Center Street, Warsaw, IN, United States, 46581-1387
Google Maps Bing Maps

Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services in the United States. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, construction, agri-business and agricultural, consumer 1-4 family mortgage, and other commercial and consumer loans. The company also provides retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. The company was founded in 1872 and is headquartered in Warsaw, Indiana.

Fundamental data was last updated by Penke on 2024-04-11 13:29:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is 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 just 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 underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is underpriced.

1.1. Profitability of Lakeland Financial Corporation.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Lakeland Financial Corporation earns for each $1 of revenue.

Above 10% is considered healthy but always compare Lakeland Financial Corporation to the Banks - Regional industry mean.
A Net Profit Margin of 27.4% means that $0.27 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Lakeland Financial Corporation:

The MRQ is 27.4%. The company is making a huge profit. +2
The TTM is 34.0%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	27.4%	TTM	34.0%	-6.6%
TTM	34.0%	YOY	44.9%	-10.9%
TTM	34.0%	5Y	42.6%	-8.6%
5Y	42.6%	10Y	39.9%	+2.7%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	27.4%	18.4%	+9.0%
TTM	34.0%	28.0%	+6.0%
YOY	44.9%	25.2%	+19.7%
5Y	42.6%	22.8%	+19.8%
10Y	39.9%	19.8%	+20.1%

Measures how much net profit Lakeland Financial Corporation earns for each $1 of revenue.

Revenue is the amount of profit Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation 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 Financial Corporation makes more profit. This shows the investor how efficiently Lakeland Financial Corporation is operating in general and compared to other companies in the same industry. Lakeland Financial Corporation 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 Financial Corporation. 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 Financial Corporation is 0.27. This means that Lakeland Financial Corporation earned $0.27 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 Financial Corporation is performing over time. The most recent quarter might be important if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation with other companies in the same industry (Banks - Regional).
Net profit margin should rise over the years.
Can be influenced when Lakeland Financial Corporation sells assets (profit will increase while costs remain the same).
It won’t show what part of Lakeland Financial Corporation 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 Financial Corporation

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 Financial Corporation = 29,626
Total revenue MRQ Lakeland Financial Corporation = 108,150
$29,626 / $108,150 = 0.27 or 27.4%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Lakeland Financial Corporation is using its assets to generate profit.

Above 5% is considered healthy but always compare Lakeland Financial Corporation to the Banks - Regional industry mean.
0.5% Return on Assets means that Lakeland Financial Corporation generated $0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Lakeland Financial Corporation:

The MRQ is 0.5%. Using its assets, the company is inefficient in making profit. -1
The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	0.5%	TTM	0.4%	+0.1%
TTM	0.4%	YOY	0.4%	0.0%
TTM	0.4%	5Y	0.4%	0.0%
5Y	0.4%	10Y	0.4%	+0.0%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.5%	0.1%	+0.4%
TTM	0.4%	0.2%	+0.2%
YOY	0.4%	0.2%	+0.2%
5Y	0.4%	0.2%	+0.2%
10Y	0.4%	0.2%	+0.2%

Shows how efficient Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation is using its resources to generate profit. If the return on assets (0.5%) from Lakeland Financial Corporation are higher than the Banks - Regional mean (0.1%) that means Lakeland Financial Corporation 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 Financial Corporation is 0.5%. 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 Financial Corporation is performing over time. The most recent quarter might be important if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation

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

Income statement
Balance sheet

Net income MRQ (income statement) from Lakeland Financial Corporation = 29,626
Total assets MRQ (balance sheet) from Lakeland Financial Corporation = 6,145,937
29,626 / 6,145,937 = 0.00 or 0.5%

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

Above 15%-20% is considered healthy but always compare Lakeland Financial Corporation to the Banks - Regional industry mean.
1.4% Return on Equity means Lakeland Financial Corporation generated $0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Lakeland Financial Corporation:

The MRQ is 1.4%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 3.1%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	1.4%	TTM	3.1%	-1.7%
TTM	3.1%	YOY	4.6%	-1.5%
TTM	3.1%	5Y	3.7%	-0.6%
5Y	3.7%	10Y	3.5%	+0.2%

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	1.4%	1.4%	+0.0%
TTM	3.1%	2.5%	+0.6%
YOY	4.6%	2.7%	+1.9%
5Y	3.7%	2.5%	+1.2%
10Y	3.5%	2.8%	+0.7%

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

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Lakeland Financial Corporation = 29,626
Shareholders equity (balance sheet) MRQ Lakeland Financial Corporation = 2,073,005
29,626 / 2,073,005 = 0.01 or 1.4%

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

1.2. Operating Efficiency of Lakeland Financial Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Lakeland Financial Corporation is operating .

Measures how much profit Lakeland Financial Corporation 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 Financial Corporation to the Banks - Regional industry mean.
An Operating Margin of 32.3% means the company generated $0.32 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Lakeland Financial Corporation:

The MRQ is 32.3%. The company is operating very efficient. +2
The TTM is 49.2%. The company is operating very efficient. +2

Trends

Current period		Compared to		+/-
MRQ	32.3%	TTM	49.2%	-17.0%
TTM	49.2%	YOY	69.3%	-20.0%
TTM	49.2%	5Y	67.5%	-18.3%
5Y	67.5%	10Y	69.0%	-1.4%

Measures how efficient Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation 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 Financial Corporation is 32.3%. This means that Lakeland Financial Corporation earned $0.32 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Lakeland Financial Corporation is performing over time. The most recent quarter might be important if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Lakeland Financial Corporation = 36,062
Total revenue MRQ Lakeland Financial Corporation = 108,150
$36,062 / $108,150 = 0.32 or 32.3%

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

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

Operation earnings can be calculated in multiple ways:

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

1.2.2. Operating Ratio

Measures how efficient Lakeland Financial Corporation is keeping operating costs low.

Below 1 is considered healthy (always compare to Banks - Regional industry mean).
An Operation Ratio of 0.26 means that the operating costs are $0.26 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Lakeland Financial Corporation:

The MRQ is 0.259. The company is very efficient in keeping operating costs low. +2
The TTM is -0.129.

Trends

Current period		Compared to		+/-
MRQ	0.259	TTM	-0.129	+0.387
TTM	-0.129	YOY	0.046	-0.175
TTM	-0.129	5Y	-0.045	-0.083
5Y	-0.045	10Y	0.040	-0.086

Measures how efficient Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation is 25.9%. This means that Lakeland Financial Corporation earned $0.26 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 Financial Corporation is performing over time. The most recent quarter might be important if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation

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
(17,208 +10,783) \ 108,150 = 0.26

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 Financial Corporation.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Lakeland Financial Corporation 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 5.43 means the company has $5.43 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Lakeland Financial Corporation:

The MRQ is 5.433. The company is very able to pay all its short-term debts. +2
The TTM is 14.848. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	5.433	TTM	14.848	-9.416
TTM	14.848	YOY	677.070	-662.222
TTM	14.848	5Y	280.789	-265.941
5Y	280.789	10Y	173.470	+107.319

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
TTM	14.848	0.124	+14.724
YOY	677.070	0.225	+676.845
5Y	280.789	0.219	+280.570
10Y	173.470	0.131	+173.339

Measures if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation is 5.43. This means Lakeland Financial Corporation has $5.43 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 Financial Corporation is performing over time. The most recent quarter might be important if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
72,173 \ 13,285) = 5.43

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

Above 1 is considered healthy but always compare Lakeland Financial Corporation to the Banks - Regional industry mean.
A Quick Ratio of 7.89 means the company can pay off $7.89 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Lakeland Financial Corporation:

The MRQ is 7.888. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 94.641. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	7.888	TTM	94.641	-86.753
TTM	94.641	YOY	1,237.762	-1,143.121
TTM	94.641	5Y	507.251	-412.609
5Y	507.251	10Y	312.482	+194.769

Measures if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation can pay off its short term debts. This shows if Lakeland Financial Corporation 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 Financial Corporation is 7.89. This means that Lakeland Financial Corporation can pay off $7.89 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 Financial Corporation is performing over time. The most recent quarter might be important if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation

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 Financial Corporation: (72,173 + 2,610 +30,011) / 13,285 = 7.89

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 Financial Corporation.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Lakeland Financial Corporation assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Lakeland Financial Corporation to Banks - Regional industry mean.
A Debt to Asset Ratio of 0.72 means that Lakeland Financial Corporation assets are financed with 72.3% credit (debt) and the remaining percentage (100% - 72.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Lakeland Financial Corporation:

The MRQ is 0.723. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.863. The company is just able to pay all its debts by selling its assets.

Trends

Current period		Compared to		+/-
MRQ	0.723	TTM	0.863	-0.140
TTM	0.863	YOY	0.684	+0.179
TTM	0.863	5Y	0.841	+0.021
5Y	0.841	10Y	0.869	-0.028

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	0.723	0.915	-0.192
TTM	0.863	0.917	-0.054
YOY	0.684	0.919	-0.235
5Y	0.841	0.919	-0.078
10Y	0.869	0.927	-0.058

Measures how much % of Lakeland Financial Corporation assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Lakeland Financial Corporation 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 Financial Corporation is 0.72. This means means that Lakeland Financial Corporation is financed with 72.3% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Banks - Regional industry is .
What is the trend?
The trend is important because it shows you how Lakeland Financial Corporation is performing over time. The most recent quarter might be important if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Lakeland Financial Corporation

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

Balance sheet
Debt to asset ratio = total debt \ total assets
4,441,425 \ 6,145,937 = 72.3% or 0.72.

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

Below 2 is considered healthy but always compare Lakeland Financial Corporation to the Banks - Regional industry mean.
A Debt to Equity ratio of 214.3% means that company has $2.14 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Lakeland Financial Corporation:

The MRQ is 2.143. The company is just not able to pay all its debts with equity.
The TTM is 8.082. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	2.143	TTM	8.082	-5.939
TTM	8.082	YOY	7.804	+0.278
TTM	8.082	5Y	7.879	+0.203
5Y	7.879	10Y	8.272	-0.392

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
MRQ	2.143	10.829	-8.686
TTM	8.082	11.013	-2.931
YOY	7.804	11.363	-3.559
5Y	7.879	11.437	-3.558
10Y	8.272	13.038	-4.766

Measures if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation is 2.14. This means that Lakeland Financial Corporation can pay off $2.14 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 Financial Corporation is performing over time. The most recent quarter might be important if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
4,441,425 \ 2,073,005 = 2.14 or 214.3%

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 Financial Corporation

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 Financial Corporation generates.

Above 15 is considered overpriced but always compare Lakeland Financial Corporation to the Banks - Regional industry mean.
A PE ratio of 14.28 means the investor is paying $14.28 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Lakeland Financial Corporation:

The EOD is 13.447. Based on the earnings, the company is underpriced. +1
The MRQ is 14.278. Based on the earnings, the company is underpriced. +1
The TTM is 16.196. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	13.447	MRQ	14.278	-0.830
MRQ	14.278	TTM	16.196	-1.918
TTM	16.196	YOY	17.911	-1.715
TTM	16.196	5Y	16.161	+0.036
5Y	16.161	10Y	18.720	-2.559

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	13.447	7.604	+5.843
MRQ	14.278	6.680	+7.598
TTM	16.196	5.295	+10.901
YOY	17.911	6.943	+10.968
5Y	16.161	9.770	+6.391
10Y	18.720	9.943	+8.777

Measures how much money you pay for each share for every $1 in earnings Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation is 14.28. This means the investor is paying $14.28 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 Financial Corporation is performing over time. The most recent quarter might be important if Lakeland Financial Corporation 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 Financial Corporation 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 Financial Corporation

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 \ 25,733 = EPS
PE ratio MRQ = 14.28

* 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 Financial Corporation:

The EOD is 15.608. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 16.572. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 19.826. Based on how much money comes from the company's main activities, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	15.608	MRQ	16.572	-0.964
MRQ	16.572	TTM	19.826	-3.253
TTM	19.826	YOY	11.437	+8.389
TTM	19.826	5Y	15.251	+4.575
5Y	15.251	10Y	17.815	-2.564

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	15.608	-2.126	+17.734
MRQ	16.572	-1.868	+18.440
TTM	19.826	-0.342	+20.168
YOY	11.437	6.448	+4.989
5Y	15.251	0.429	+14.822
10Y	17.815	0.091	+17.724

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Lakeland Financial Corporation 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 0.99 means the investor is paying $0.99 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Lakeland Financial Corporation:

The EOD is 0.935. Based on the equity, the company is cheap. +2
The MRQ is 0.993. Based on the equity, the company is cheap. +2
The TTM is 2.009. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	0.935	MRQ	0.993	-0.058
MRQ	0.993	TTM	2.009	-1.016
TTM	2.009	YOY	2.590	-0.581
TTM	2.009	5Y	2.244	-0.235
5Y	2.244	10Y	2.494	-0.250

Compared to industry (Banks - Regional)

Period	Company	Industry (mean)	+/-
EOD	0.935	0.439	+0.496
MRQ	0.993	0.386	+0.607
TTM	2.009	0.470	+1.539
YOY	2.590	0.642	+1.948
5Y	2.244	0.795	+1.449
10Y	2.494	1.025	+1.469

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 Financial Corporation.

3.1. Institutions holding Lakeland Financial Corporation

Institutions are holding 83.052% of the shares of Lakeland Financial Corporation.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	BlackRock Inc	14.2664	0.0062	3704496	34663	0.9445
2023-12-31	Vanguard Group Inc	7.1157	0.0026	1847688	42862	2.3749
2023-12-31	Victory Capital Management Inc.	6.2661	0.1115	1627094	174613	12.0217
2023-12-31	State Street Corporation	4.6958	0.0039	1219323	93838	8.3376
2023-12-31	Neuberger Berman Group LLC	4.5216	0.0667	1174114	-12435	-1.048
2023-12-31	Kayne Anderson Rudnick Investment Management LLC	3.7006	0.1567	960918	-52422	-5.1732
2023-12-31	Silvercrest Asset Management Group LLC	3.3751	0.4039	876385	-1462	-0.1665
2023-12-31	Dimensional Fund Advisors, Inc.	3.0094	0.0149	781429	10595	1.3745
2023-12-31	Copeland Capital Management, LLC	2.8074	0.9521	728974	-7611	-1.0333
2023-12-31	Goldman Sachs Group Inc	2.7504	0.0042	714176	336764	89.2298
2023-12-31	Geode Capital Management, LLC	2.1568	0.0038	560037	25234	4.7184
2023-12-31	Neumeier Investment Counsel LLC	2.1083	3.178	547457	245825	81.4983
2023-12-31	Northern Trust Corp	1.9348	0.0059	502396	39162	8.454
2023-12-31	Ameriprise Financial Inc	1.4221	0.0072	369262	-53392	-12.6326
2023-12-31	Fuller & Thaler Asset Management Inc	1.3382	0.1147	347485	-1519	-0.4352
2023-12-31	BTIM Corp	1.3078	0.1669	339586	16823	5.2122
2023-12-31	Charles Schwab Investment Management Inc	1.0145	0.0044	263434	12486	4.9755
2023-12-31	Bank of New York Mellon Corp	0.9234	0.0032	239762	-11356	-4.5222
2023-12-31	Morgan Stanley - Brokerage Accounts	0.8572	0.0013	222582	25381	12.8706
2023-12-31	Envestnet Asset Management Inc	0.8519	0.006	221200	221200	0
Total		66.4235	5.2141	17247798	+1139249	+6.6%

3.2. Funds holding Lakeland Financial Corporation

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-28	iShares Core S&P Small-Cap ETF	6.6052	0.1416	1715143	0	0
2023-12-31	Victory Small Cap Value CIT (Net 75)	4.5251	1.0885	1175000	105000	9.8131
2023-12-31	Victory Sycamore Small Company Opp R	4.5251	1.0907	1175000	105000	9.8131
2023-12-31	Neuberger Berman Genesis Inv	2.94	0.4835	763428	-1778	-0.2324
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.896	0.0031	751985	-3234	-0.4282
2024-03-28	iShares Russell 2000 ETF	2.3437	0.0616	608586	15084	2.5415
2024-03-29	Schwab US Dividend Equity ETF™	2.2449	0.0684	582912	164	0.0281
2023-12-31	Neumeier Poma Small Cap Value	1.7802	2.8433	462253	202940	78.2606
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4536	0.0236	377446	-350	-0.0926
2023-12-31	FullerThaler Behavioral Sm-Cp Eq R6	1.2582	0.2678	326715	-1600	-0.4873
2023-12-31	FullerThaler Behavioral Small-Cap Equity	1.2582	0.2677	326715	-1600	-0.4873
2024-01-31	Fidelity Small Cap Index	0.9694	0.068	251713	3723	1.5013
2024-02-29	Columbia Acorn Inst	0.8963	0.5133	232728	0	0
2024-03-28	SPDR® Portfolio S&P 600 Sm Cap ETF	0.8659	0.1418	224846	230	0.1024
2024-03-28	iShares Russell 2000 Value ETF	0.8374	0.115	217454	3402	1.5893
2024-03-31	Bridge Builder Small/Mid Cap Value	0.8287	0.1755	215192	0	0
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.7652	0.1424	198688	0	0
2024-02-29	DFA US Micro Cap I	0.7067	0.163	183511	0	0
2023-12-31	Virtus KAR Small-Cap Value I	0.7056	1.4989	183227	-6100	-3.2219
2024-02-29	DFA US Small Cap I	0.6965	0.0743	180847	0	0
Total		39.1019	9.232	10153389	+420881	+4.1%

3.3. Insider Transactions

Insiders are holding 3.284% of the shares of Lakeland Financial Corporation.

Date	Owner	Type	Amount	Price
2024-03-13	David M Findlay	SELL	12000	65.26
2024-03-12	Lisa M O'neill	SELL	1500	65.7
2024-03-12	Stephanie R Leniski	SELL	300	66.14
2024-03-11	Eric H Ottinger	SELL	5247	66.75
2024-03-04	Donald Robinson-gay	SELL	893	65.93
2024-03-04	Steven D Ross	SELL	1300	64.5
2024-02-22	Jonathan P Steiner	SELL	3328	63.73
2024-02-07	Stephanie R Leniski	SELL	2560	63.17
2024-02-01	Robert E Bartels Jr	BUY	360	64.05
2024-01-30	Michael L Kubacki	SELL	26600	71.51
2023-11-03	Robert E Bartels Jr	BUY	407	53.37
2023-09-05	M Scott Welch	BUY	3920	50.98
2023-08-17	Jonathan P Steiner	BUY	3000	55.26
2023-08-03	Robert E Bartels Jr	BUY	900	55.16
2023-05-08	Emily E Pichon	BUY	1025	47.8
2023-04-28	Brian J Smith	BUY	10000	51

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Lakeland Financial Corporation 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	-	-	44.185	10.934	+304%	-1.310	+103%	2.278	+1840%	1.331	+3219%
Book Value Per Share	-	-	65.643	33.271	+97%	76.641	-14%	36.482	+80%	26.323	+149%
Current Ratio	-	-	5.433	14.848	-63%	677.070	-99%	280.789	-98%	173.470	-97%
Debt To Asset Ratio	-	-	0.723	0.863	-16%	0.684	+6%	0.841	-14%	0.869	-17%
Debt To Equity Ratio	-	-	2.143	8.082	-73%	7.804	-73%	7.879	-73%	8.272	-74%
Dividend Per Share	-	-	0.454	0.454	+0%	0.393	+15%	0.352	+29%	0.267	+70%
Eps	-	-	1.141	0.903	+26%	1.000	+14%	0.895	+28%	0.717	+59%
Free Cash Flow Per Share	-	-	0.983	1.040	-5%	1.584	-38%	1.066	-8%	0.834	+18%
Free Cash Flow To Equity Per Share	-	-	1.429	0.679	+111%	0.662	+116%	3.462	-59%	3.362	-58%
Gross Profit Margin	-	-	1.000	0.951	+5%	0.963	+4%	0.983	+2%	0.991	+1%
Intrinsic Value_10Y_max	-	-	51.415	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	25.331	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	4.926	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	3.222	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	14.973	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	9.146	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	25.228	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	14.438	-	-	-	-	-	-	-	-
Market Cap	1593564105.000	-6%	1691977140.000	1452695842.500	+16%	1851411450.000	-9%	1498617597.750	+13%	1319215049.250	+28%
Net Profit Margin	-	-	0.274	0.340	-19%	0.449	-39%	0.426	-36%	0.399	-31%
Operating Margin	-	-	0.323	0.492	-34%	0.693	-53%	0.675	-52%	0.690	-53%
Operating Ratio	-	-	0.259	-0.129	+150%	0.046	+461%	-0.045	+118%	0.040	+539%
Pb Ratio	0.935	-6%	0.993	2.009	-51%	2.590	-62%	2.244	-56%	2.494	-60%
Pe Ratio	13.447	-6%	14.278	16.196	-12%	17.911	-20%	16.161	-12%	18.720	-24%
Price Per Share	61.370	-6%	65.160	55.945	+16%	71.300	-9%	57.714	+13%	50.805	+28%
Price To Free Cash Flow Ratio	15.608	-6%	16.572	19.826	-16%	11.437	+45%	15.251	+9%	17.815	-7%
Price To Total Gains Ratio	1.375	-6%	1.460	172.802	-99%	2.369	-38%	95.597	-98%	92.816	-98%
Quick Ratio	-	-	7.888	94.641	-92%	1237.762	-99%	507.251	-98%	312.482	-97%
Return On Assets	-	-	0.005	0.004	+30%	0.004	+19%	0.004	+21%	0.004	+31%
Return On Equity	-	-	0.014	0.031	-54%	0.046	-69%	0.037	-61%	0.035	-59%
Total Gains Per Share	-	-	44.639	11.387	+292%	-0.916	+102%	2.630	+1598%	1.598	+2694%
Usd Book Value	-	-	1704512000.000	863924250.000	+97%	1990087000.000	-14%	947297250.000	+80%	683508975.000	+149%
Usd Book Value Change Per Share	-	-	44.185	10.934	+304%	-1.310	+103%	2.278	+1840%	1.331	+3219%
Usd Book Value Per Share	-	-	65.643	33.271	+97%	76.641	-14%	36.482	+80%	26.323	+149%
Usd Dividend Per Share	-	-	0.454	0.454	+0%	0.393	+15%	0.352	+29%	0.267	+70%
Usd Eps	-	-	1.141	0.903	+26%	1.000	+14%	0.895	+28%	0.717	+59%
Usd Free Cash Flow	-	-	25524000.000	26997500.000	-5%	41130250.000	-38%	27683100.000	-8%	21661300.000	+18%
Usd Free Cash Flow Per Share	-	-	0.983	1.040	-5%	1.584	-38%	1.066	-8%	0.834	+18%
Usd Free Cash Flow To Equity Per Share	-	-	1.429	0.679	+111%	0.662	+116%	3.462	-59%	3.362	-58%
Usd Market Cap	1593564105.000	-6%	1691977140.000	1452695842.500	+16%	1851411450.000	-9%	1498617597.750	+13%	1319215049.250	+28%
Usd Price Per Share	61.370	-6%	65.160	55.945	+16%	71.300	-9%	57.714	+13%	50.805	+28%
Usd Profit	-	-	29626000.000	23441750.000	+26%	25954250.000	+14%	23235050.000	+28%	18617450.000	+59%
Usd Revenue	-	-	108150000.000	71446000.000	+51%	57980750.000	+87%	55773250.000	+94%	46500625.000	+133%
Usd Total Gains Per Share	-	-	44.639	11.387	+292%	-0.916	+102%	2.630	+1598%	1.598	+2694%
	EOD	+4 -4	MRQ	TTM	+25 -11	YOY	+18 -18	5Y	+22 -14	10Y	+26 -10

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	13.447
Price to Book Ratio (EOD)	Between	0-1	0.935
Net Profit Margin (MRQ)	Greater than	0	0.274
Operating Margin (MRQ)	Greater than	0	0.323
Quick Ratio (MRQ)	Greater than	1	7.888
Current Ratio (MRQ)	Greater than	1	5.433
Debt to Asset Ratio (MRQ)	Less than	1	0.723
Debt to Equity Ratio (MRQ)	Less than	1	2.143
Return on Equity (MRQ)	Greater than	0.15	0.014
Return on Assets (MRQ)	Greater than	0.05	0.005
Total			7/10 (70.0%)

Create your own Stock Scanner

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

4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	49.326
Ma 20	Greater than	Ma 50	61.415
Ma 50	Greater than	Ma 100	63.150
Ma 100	Greater than	Ma 200	63.473
Open	Greater than	Close	61.660
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities	-3,186	-2,239	-5,425	-4,408	-9,833	-6,345	-16,178	4,405,429	4,389,251
Other Stockholders Equity	-15,383	201	-15,182	-81	-15,263	-206	-15,469	2,088,474	2,073,005
Long-term Assets Other	-1,376,837	139,905	-1,236,932	45,793	-1,191,139	81,413	-1,109,726	7,285,100	6,175,374

Latest Balance Sheet

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

Summary

Total Assets	6,145,937
Total Liabilities	4,441,425
Total Stockholder Equity	2,073,005

	As reported
Total Liabilities	4,441,425
Total Stockholder Equity	+ 2,073,005
Total Assets	= 6,145,937

Assets

Total Assets	6,145,937
Total Current Assets	72,173
Long-term Assets	58,436

Total Current Assets

Total Current Assets (as reported)	72,173
Cash And Cash Equivalents	69,563
Short-term Investments	2,610
Net Receivables	30,011
Inventory	-102,184
Total Current Assets (calculated)	0
+/-	72,173

Long-term Assets

Long-term Assets (as reported)	58,436
Property Plant Equipment	58,436
Goodwill	4,970
Long Term Investments	1,181,646
Other Assets	6,015,328
Long-term Assets (calculated)	7,260,380
+/-	7,201,944

Liabilities & Shareholders' Equity

Total Current Liabilities	13,285
Long-term Liabilities	4,428,140
Total Stockholder Equity	2,073,005

Total Current Liabilities

Total Current Liabilities (as reported)	13,285
Short-term Debt	13,285
Accounts payable	20,893
Other Current Liabilities	4,389,251
Total Current Liabilities (calculated)	4,423,429
+/-	4,410,144

Long-term Liabilities

Long-term Liabilities (as reported)	4,428,140
Long term Debt	50,000
Long-term Liabilities (calculated)	50,000
+/-	4,378,140

Total Stockholder Equity

Total Stockholder Equity (as reported)	2,073,005
Common Stock	127,692
Accumulated Other Comprehensive Income	-155,195
Other Stockholders Equity	2,073,005
Total Stockholder Equity (calculated)	2,045,502
+/-	27,503

Other

Capital Stock	127,692
Cash and Short Term Investments	72,173
Common Stock Shares Outstanding	25,733
Current Deferred Revenue	-34,178
Liabilities and Stockholders Equity	6,514,430
Net Debt	-56,278
Net Invested Capital	699,704
Net Working Capital	58,888
Property Plant and Equipment Gross	113,817
Short Long Term Debt Total	13,285

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

> Total Assets

0
0
0
656,500
667,900
687,500
714,200
796,500
845,700
894,300
916,700
978,900
960,100
995,000
1,009,500
1,039,843
1,052,241
1,083,320
1,080,003
1,149,157
1,101,828
1,162,018
1,125,061
1,137,712
1,108,074
1,189,892
1,171,709
1,247,786
1,221,616
1,239,573
1,248,162
1,271,414
1,285,929
1,338,100
1,349,534
1,453,122
1,426,032
1,538,615
1,557,713
1,634,613
1,644,143
1,727,561
1,799,666
1,836,706
1,818,260
1,822,818
1,884,680
1,989,133
2,204,995
2,249,128
2,254,471
2,377,445
2,446,664
2,404,140
2,469,882
2,571,505
2,618,635
2,633,509
2,710,112
2,681,926
2,749,240
2,735,018
2,827,438
2,889,688
2,954,616
2,974,438
2,952,208
3,064,144
2,927,702
2,975,462
3,041,237
3,175,764
3,233,724
3,419,111
3,355,903
3,443,284
3,477,654
3,572,106
3,666,250
3,766,286
3,808,907
3,937,304
4,197,320
4,290,025
4,319,103
4,392,999
4,454,236
4,682,976
4,726,948
4,760,869
4,757,619
4,875,254
4,891,885
4,975,519
4,948,155
4,946,745
5,030,078
5,441,092
5,551,108
5,830,435
6,016,642
6,232,914
6,222,916
6,557,323
6,572,259
6,265,087
6,288,406
6,432,371
6,411,529
6,509,546
6,426,844
6,145,937

6,145,937

6,426,844

6,509,546

6,411,529

6,432,371

6,288,406

6,265,087

6,572,259

6,557,323

6,222,916

6,232,914

6,016,642

5,830,435

5,551,108

5,441,092

5,030,078

4,946,745

4,948,155

4,975,519

4,891,885

4,875,254

4,757,619

4,760,869

4,726,948

4,682,976

4,454,236

4,392,999

4,319,103

4,290,025

4,197,320

3,937,304

3,808,907

3,766,286

3,666,250

3,572,106

3,477,654

3,443,284

3,355,903

3,419,111

3,233,724

3,175,764

3,041,237

2,975,462

2,927,702

3,064,144

2,952,208

2,974,438

2,954,616

2,889,688

2,827,438

2,735,018

2,749,240

2,681,926

2,710,112

2,633,509

2,618,635

2,571,505

2,469,882

2,404,140

2,446,664

2,377,445

2,254,471

2,249,128

2,204,995

1,989,133

1,884,680

1,822,818

1,818,260

1,836,706

1,799,666

1,727,561

1,644,143

1,634,613

1,557,713

1,538,615

1,426,032

1,453,122

1,349,534

1,338,100

1,285,929

1,271,414

1,248,162

1,239,573

1,221,616

1,247,786

1,171,709

1,189,892

1,108,074

1,137,712

1,125,061

1,162,018

1,101,828

1,149,157

1,080,003

1,083,320

1,052,241

1,039,843

1,009,500

995,000

960,100

978,900

916,700

894,300

845,700

796,500

714,200

687,500

667,900

656,500

> Total Current Assets

0
0
0
0
0
0
44,900
54,700
56,300
52,700
52,500
67,200
41,100
60,300
51,800
68,524
66,018
77,687
54,423
91,426
44,652
79,120
63,780
75,660
39,902
103,211
53,396
79,148
57,468
61,355
57,318
57,307
55,824
65,826
52,388
86,909
58,463
94,265
62,864
84,803
67,851
82,047
82,019
73,972
81,583
60,102
45,573
65,404
179,401
101,958
53,348
65,748
101,653
50,497
48,250
64,583
106,306
66,047
136,026
69,215
206,031
69,137
110,173
114,196
176,504
204,395
191,137
707,749
567,606
545,745
552,743
540,649
557,421
645,234
552,319
575,211
599,334
569,223
585,100
568,207
576,031
618,757
791,149
683,158
651,500
679,676
679,503
728,766
742,831
758,675
768,690
817,989
801,693
823,614
765,628
723,005
772,339
775,093
791,562
1,003,533
1,361,729
1,714,101
1,814,728
2,099,472
2,017,007
1,490,828
1,419,810
1,343,804
180,404
200,535
71,202
72,173

72,173

71,202

200,535

180,404

1,343,804

1,419,810

1,490,828

2,017,007

2,099,472

1,814,728

1,714,101

1,361,729

1,003,533

791,562

775,093

772,339

723,005

765,628

823,614

801,693

817,989

768,690

758,675

742,831

728,766

679,503

679,676

651,500

683,158

791,149

618,757

576,031

568,207

585,100

569,223

599,334

575,211

552,319

645,234

557,421

540,649

552,743

545,745

567,606

707,749

191,137

204,395

176,504

114,196

110,173

69,137

206,031

69,215

136,026

66,047

106,306

64,583

48,250

50,497

101,653

65,748

53,348

101,958

179,401

65,404

45,573

60,102

81,583

73,972

82,019

82,047

67,851

84,803

62,864

94,265

58,463

86,909

52,388

65,826

55,824

57,307

57,318

61,355

57,468

79,148

53,396

103,211

39,902

75,660

63,780

79,120

44,652

91,426

54,423

77,687

66,018

68,524

51,800

60,300

41,100

67,200

52,500

52,700

56,300

54,700

44,900

Cash And Cash Equivalents

0
0
0
0
0
0
40,500
49,800
51,600
47,400
46,900
61,500
35,100
54,500
46,100
63,104
59,878
71,546
47,770
84,682
38,234
73,008
57,503
70,219
34,619
97,903
48,333
74,149
52,344
56,412
52,373
52,297
50,651
60,849
47,134
81,144
52,419
87,862
56,361
77,387
60,545
74,402
73,774
65,252
73,284
51,517
36,680
56,278
170,651
93,128
44,751
57,149
33,126
34,454
31,188
48,964
36,910
51,652
61,313
60,141
75,056
53,933
54,832
104,584
138,524
162,669
134,785
232,237
75,667
63,555
81,340
63,105
77,139
160,402
70,202
90,638
113,046
89,480
98,071
80,674
80,738
108,863
278,378
167,280
111,583
137,336
129,833
176,180
167,551
180,225
182,320
216,922
188,753
196,370
136,575
99,381
132,581
126,335
129,081
249,927
501,945
572,810
557,233
683,240
475,024
169,515
204,802
130,282
153,521
173,137
146,280
69,563

69,563

146,280

173,137

153,521

130,282

204,802

169,515

475,024

683,240

557,233

572,810

501,945

249,927

129,081

126,335

132,581

99,381

136,575

196,370

188,753

216,922

182,320

180,225

167,551

176,180

129,833

137,336

111,583

167,280

278,378

108,863

80,738

80,674

98,071

89,480

113,046

90,638

70,202

160,402

77,139

63,105

81,340

63,555

75,667

232,237

134,785

162,669

138,524

104,584

54,832

53,933

75,056

60,141

61,313

51,652

36,910

48,964

31,188

34,454

33,126

57,149

44,751

93,128

170,651

56,278

36,680

51,517

73,284

65,252

73,774

74,402

60,545

77,387

56,361

87,862

52,419

81,144

47,134

60,849

50,651

52,297

52,373

56,412

52,344

74,149

48,333

97,903

34,619

70,219

57,503

73,008

38,234

84,682

47,770

71,546

59,878

63,104

46,100

54,500

35,100

61,500

46,900

47,400

51,600

49,800

40,500

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,714
0
0
0
5,292
0
0
0
54,447
3,378
6,048
5,524
11,413
8,448
6,521
17,710
6,858
60,045
7,329
8,072
7,019
60,266
5,217
65,534
17,628
122,075
6,392
46,446
467,391
28,503
32,280
46,617
467,021
482,704
472,976
463,070
468,967
471,449
475,862
473,075
475,911
477,197
470,383
477,699
478,071
485,263
499,600
502,223
504,191
528,031
530,312
536,547
538,493
560,664
563,227
570,568
585,549
595,553
609,826
613,230
608,233
624,325
632,908
644,034
734,845
840,429
1,124,235
1,239,715
1,398,558
1,522,535
1,300,580
1,192,186
1,185,528
1,108,281
1,062,069
975,532
2,610

2,610

975,532

1,062,069

1,108,281

1,185,528

1,192,186

1,300,580

1,522,535

1,398,558

1,239,715

1,124,235

840,429

734,845

644,034

632,908

624,325

608,233

613,230

609,826

595,553

585,549

570,568

563,227

560,664

538,493

536,547

530,312

528,031

504,191

502,223

499,600

485,263

478,071

477,699

470,383

477,197

475,911

473,075

475,862

471,449

468,967

463,070

472,976

482,704

467,021

46,617

32,280

28,503

467,391

46,446

6,392

122,075

17,628

65,534

5,217

60,266

7,019

8,072

7,329

60,045

6,858

17,710

6,521

8,448

11,413

5,524

6,048

3,378

54,447

5,292

22,714

Net Receivables

0
0
0
0
0
0
4,400
4,900
4,700
5,300
5,600
5,700
6,000
5,800
5,700
5,420
6,140
6,141
6,653
6,744
6,418
6,112
6,277
5,441
5,283
5,308
5,063
4,999
5,124
4,943
4,945
5,010
5,173
4,977
5,254
5,765
6,044
6,403
6,503
7,416
7,306
7,645
8,245
8,720
8,299
8,585
8,893
9,126
8,750
8,830
8,597
8,599
8,482
8,714
8,990
8,600
9,130
9,178
9,179
9,074
8,900
8,812
8,895
9,612
9,477
9,446
9,735
8,491
9,235
9,214
8,333
8,577
8,833
8,970
9,042
8,662
9,091
9,360
9,330
9,462
10,030
10,294
10,548
11,687
11,886
12,028
13,123
14,093
14,616
15,223
15,802
15,518
17,387
17,418
15,823
15,391
15,433
15,850
18,447
18,761
19,355
17,056
17,780
17,674
19,448
20,733
22,822
27,994
26,883
27,398
28,994
30,011

30,011

28,994

27,398

26,883

27,994

22,822

20,733

19,448

17,674

17,780

17,056

19,355

18,761

18,447

15,850

15,433

15,391

15,823

17,418

17,387

15,518

15,802

15,223

14,616

14,093

13,123

12,028

11,886

11,687

10,548

10,294

10,030

9,462

9,330

9,360

9,091

8,662

9,042

8,970

8,833

8,577

8,333

9,214

9,235

8,491

9,735

9,446

9,477

9,612

8,895

8,812

8,900

9,074

9,179

9,178

9,130

8,600

8,990

8,714

8,482

8,599

8,597

8,830

8,750

9,126

8,893

8,585

8,299

8,720

8,245

7,645

7,306

7,416

6,503

6,403

6,044

5,765

5,254

4,977

5,173

5,010

4,945

4,943

5,124

4,999

5,063

5,308

5,283

5,441

6,277

6,112

6,418

6,744

6,653

6,141

6,140

5,420

5,700

5,800

6,000

5,700

5,600

5,300

4,700

4,900

4,400

Other Current Assets

0
0
0
0
0
0
0
709,100
751,900
803,700
825,200
873,800
880,900
896,300
919,600
932,989
948,475
968,804
988,862
1,020,810
1,020,735
1,046,652
1,030,255
1,031,639
1,037,695
1,056,473
1,088,200
850,753
849,175
867,490
875,102
895,009
905,979
956,179
973,826
1,025,645
1,045,628
1,118,513
1,168,692
1,223,016
1,250,833
1,303,776
1,356,754
1,381,124
1,403,876
1,427,910
1,480,193
1,551,445
1,643,692
1,718,625
1,763,809
1,881,907
1,853,199
1,920,607
1,970,892
2,055,122
1,994,946
2,095,821
2,031,477
2,134,563
2,017,322
2,176,731
2,170,005
2,268,296
2,233,324
2,219,318
2,193,199
1,849,517
1,837,885
1,916,401
1,981,928
2,121,843
2,160,309
2,253,178
2,285,016
2,345,209
2,353,715
2,484,154
2,554,468
2,668,354
2,694,015
2,764,833
2,846,811
3,045,614
3,081,390
3,121,549
3,176,827
3,354,281
3,362,746
3,376,755
3,355,747
3,408,649
3,430,909
3,478,390
3,504,696
3,550,383
3,567,499
3,967,790
4,050,233
4,027,789
3,749,630
3,330,069
3,103,505
2,995,014
21,682
190,444
227,820
158,376
180,504
200,919
175,658
181,835

181,835

175,658

200,919

180,504

158,376

227,820

190,444

21,682

2,995,014

3,103,505

3,330,069

3,749,630

4,027,789

4,050,233

3,967,790

3,567,499

3,550,383

3,504,696

3,478,390

3,430,909

3,408,649

3,355,747

3,376,755

3,362,746

3,354,281

3,176,827

3,121,549

3,081,390

3,045,614

2,846,811

2,764,833

2,694,015

2,668,354

2,554,468

2,484,154

2,353,715

2,345,209

2,285,016

2,253,178

2,160,309

2,121,843

1,981,928

1,916,401

1,837,885

1,849,517

2,193,199

2,219,318

2,233,324

2,268,296

2,170,005

2,176,731

2,017,322

2,134,563

2,031,477

2,095,821

1,994,946

2,055,122

1,970,892

1,920,607

1,853,199

1,881,907

1,763,809

1,718,625

1,643,692

1,551,445

1,480,193

1,427,910

1,403,876

1,381,124

1,356,754

1,303,776

1,250,833

1,223,016

1,168,692

1,118,513

1,045,628

1,025,645

973,826

956,179

905,979

895,009

875,102

867,490

849,175

850,753

1,088,200

1,056,473

1,037,695

1,031,639

1,030,255

1,046,652

1,020,735

1,020,810

988,862

968,804

948,475

932,989

919,600

896,300

880,900

873,800

825,200

803,700

751,900

709,100

> Long-term Assets

0
0
0
-100
0
0
241,700
280,900
312,800
348,000
324,700
365,600
345,200
308,400
314,300
309,751
316,459
317,885
323,315
335,023
335,990
333,129
332,224
310,956
310,281
314,701
320,159
317,885
314,973
310,728
315,742
319,098
324,126
316,095
323,320
340,568
321,941
325,837
326,157
326,794
325,459
341,738
360,893
381,610
332,801
334,806
358,914
372,284
381,902
428,545
437,314
429,790
491,812
433,036
450,740
451,800
517,383
471,641
542,609
478,148
525,887
489,150
547,260
507,196
544,788
550,725
567,872
506,878
522,211
513,316
506,566
513,272
515,994
520,699
518,568
522,864
524,605
518,729
526,682
529,725
538,861
553,714
559,360
561,253
586,213
591,774
597,906
599,929
621,371
625,439
633,182
648,616
659,283
673,515
677,831
673,357
690,240
698,209
709,313
799,113
905,283
1,188,744
1,304,683
1,462,837
1,586,388
1,491,562
1,383,462
1,376,837
63,677
63,809
58,782
58,436

58,436

58,782

63,809

63,677

1,376,837

1,383,462

1,491,562

1,586,388

1,462,837

1,304,683

1,188,744

905,283

799,113

709,313

698,209

690,240

673,357

677,831

673,515

659,283

648,616

633,182

625,439

621,371

599,929

597,906

591,774

586,213

561,253

559,360

553,714

538,861

529,725

526,682

518,729

524,605

522,864

518,568

520,699

515,994

513,272

506,566

513,316

522,211

506,878

567,872

550,725

544,788

507,196

547,260

489,150

525,887

478,148

542,609

471,641

517,383

451,800

450,740

433,036

491,812

429,790

437,314

428,545

381,902

372,284

358,914

334,806

332,801

381,610

360,893

341,738

325,459

326,794

326,157

325,837

321,941

340,568

323,320

316,095

324,126

319,098

315,742

310,728

314,973

317,885

320,159

314,701

310,281

310,956

332,224

333,129

335,990

335,023

323,315

317,885

316,459

309,751

314,300

308,400

345,200

365,600

324,700

348,000

312,800

280,900

241,700

-100

Property Plant Equipment

0
0
0
16,000
16,600
17,600
18,300
23,100
24,800
25,300
26,400
26,400
26,900
27,400
27,300
27,808
27,450
26,755
26,869
27,297
27,034
27,056
24,709
24,252
24,466
24,348
24,404
24,768
24,612
26,286
26,444
26,157
25,976
25,790
25,372
25,057
24,951
25,091
24,820
24,563
24,371
24,232
25,136
25,177
25,410
25,988
26,586
27,525
27,314
27,351
27,498
30,519
30,241
30,335
30,108
29,576
29,262
29,249
29,204
30,405
30,597
30,707
31,660
34,736
35,020
34,962
34,969
34,840
34,502
35,346
38,514
39,335
39,575
39,867
40,523
41,983
42,438
43,376
44,013
46,684
48,628
49,144
52,167
52,092
53,212
56,492
56,389
56,466
55,737
57,242
57,644
58,097
58,760
58,719
59,631
60,154
60,945
60,331
60,309
59,298
59,884
59,539
59,998
59,309
58,883
58,601
58,486
58,097
58,707
58,839
58,512
58,436

58,436

58,512

58,839

58,707

58,097

58,486

58,601

58,883

59,309

59,998

59,539

59,884

59,298

60,309

60,331

60,945

60,154

59,631

58,719

58,760

58,097

57,644

57,242

55,737

56,466

56,389

56,492

53,212

52,092

52,167

49,144

48,628

46,684

44,013

43,376

42,438

41,983

40,523

39,867

39,575

39,335

38,514

35,346

34,502

34,840

34,969

34,962

35,020

34,736

31,660

30,707

30,597

30,405

29,204

29,249

29,262

29,576

30,108

30,335

30,241

30,519

27,498

27,351

27,314

27,525

26,586

25,988

25,410

25,177

25,136

24,232

24,371

24,563

24,820

25,091

24,951

25,057

25,372

25,790

25,976

26,157

26,444

26,286

24,612

24,768

24,404

24,348

24,466

24,252

24,709

27,056

27,034

27,297

26,869

26,755

27,450

27,808

27,300

27,400

26,900

26,400

25,300

24,800

23,100

18,300

17,600

16,600

16,000

Goodwill

0
0
0
0
0
0
0
9,600
12,700
12,600
12,600
11,500
11,200
11,000
10,800
10,522
10,298
10,074
9,849
9,624
9,407
9,190
6,317
6,161
6,011
5,860
5,709
6,012
5,975
5,938
5,900
6,430
6,376
6,323
6,269
6,215
6,163
6,110
6,057
6,004
5,952
5,900
5,847
5,795
4,970
4,970
4,970
5,589
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970

4,970

5,589

4,970

5,795

5,847

5,900

5,952

6,004

6,057

6,110

6,163

6,215

6,269

6,323

6,376

6,430

5,900

5,938

5,975

6,012

5,709

5,860

6,011

6,161

6,317

9,190

9,407

9,624

9,849

10,074

10,298

10,522

10,800

11,000

11,200

11,500

12,600

12,700

9,600

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,109,087
2,143,274
2,192,874
2,186,722
2,177,153
2,167,918
2,224,018
2,227,506
2,298,765
2,352,291
2,488,079
2,530,096
2,628,791
2,657,263
2,717,643
2,728,784
2,852,051
2,930,718
3,040,613
3,072,202
3,158,759
3,242,755
3,433,124
3,492,374
3,536,662
3,594,211
3,774,684
3,801,552
3,817,104
3,798,270
3,868,585
3,892,495
4,563,809
4,593,247
4,627,936
4,664,436
5,081,061
5,183,308
5,333,811
5,262,308
1,124,235
1,239,715
1,398,558
1,522,535
1,427,991
1,320,006
128,599
508
1,191,139
1,105,026
1,181,646

1,181,646

1,105,026

1,191,139

508

128,599

1,320,006

1,427,991

1,522,535

1,398,558

1,239,715

1,124,235

5,262,308

5,333,811

5,183,308

5,081,061

4,664,436

4,627,936

4,593,247

4,563,809

3,892,495

3,868,585

3,798,270

3,817,104

3,801,552

3,774,684

3,594,211

3,536,662

3,492,374

3,433,124

3,242,755

3,158,759

3,072,202

3,040,613

2,930,718

2,852,051

2,728,784

2,717,643

2,657,263

2,628,791

2,530,096

2,488,079

2,352,291

2,298,765

2,227,506

2,224,018

2,167,918

2,177,153

2,186,722

2,192,874

2,143,274

2,109,087

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
10,298
10,074
9,849
9,624
9,407
9,190
6,317
6,161
6,011
5,860
5,709
6,012
5,975
5,938
5,900
6,430
6,376
6,323
6,269
6,215
6,163
6,110
6,057
6,004
5,952
5,900
5,847
5,795
774
722
671
5,589
568
516
465
413
362
310
259
207
194
180
166
153
139
126
112
99
86
73
60
47
35
24
12
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
4,970
3,300
0
0
0
3,800
0
0
0
0
0
0
0
0
0
0
0
2,700
0
0
0
0

2,700

3,800

3,300

4,970

112

126

139

153

166

180

194

207

259

310

362

413

465

516

568

5,589

671

722

774

5,795

5,847

5,900

5,952

6,004

6,057

6,110

6,163

6,215

6,269

6,323

6,376

6,430

5,900

5,938

5,975

6,012

5,709

5,860

6,011

6,161

6,317

9,190

9,407

9,624

9,849

10,074

10,298

Earning Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
661,695
677,720
689,551
664,571
747,237
720,664
0
0
0
0
0
0
0
0
0
0
0
0
0
0

720,664

747,237

664,571

689,551

677,720

661,695

Other Assets

0
0
0
656,600
667,900
687,500
427,600
460,900
476,600
493,600
539,500
546,100
573,800
626,300
643,400
661,568
669,764
687,748
702,265
722,708
721,186
749,769
729,057
751,096
757,891
771,980
798,154
850,753
849,175
867,490
875,102
895,009
905,979
956,179
973,826
1,025,645
1,045,628
1,118,513
1,168,692
1,223,016
1,250,833
1,303,776
1,356,754
1,381,124
1,403,876
1,427,910
1,480,193
1,551,445
1,643,692
1,718,625
1,763,809
1,881,907
1,853,199
1,920,607
1,970,892
2,055,122
1,994,946
2,095,821
2,031,477
2,134,563
2,017,322
2,176,731
2,170,005
2,268,296
2,233,324
2,219,318
2,193,199
1,849,517
1,837,885
1,916,401
1,981,928
2,121,843
2,160,309
2,253,178
2,285,016
2,345,209
2,353,715
2,484,154
2,554,468
2,668,354
2,694,015
2,764,833
2,846,811
3,045,614
3,081,390
3,121,549
3,176,827
3,354,281
3,362,746
3,376,755
3,355,747
3,408,649
3,430,909
3,478,390
3,504,696
3,550,383
3,567,499
3,967,790
4,050,233
4,027,789
3,749,630
3,330,069
3,103,505
2,995,014
2,968,864
3,282,697
3,485,134
3,711,730
6,167,448
6,245,202
6,296,860
6,015,328

6,015,328

6,296,860

6,245,202

6,167,448

3,711,730

3,485,134

3,282,697

2,968,864

2,995,014

3,103,505

3,330,069

3,749,630

4,027,789

4,050,233

3,967,790

3,567,499

3,550,383

3,504,696

3,478,390

3,430,909

3,408,649

3,355,747

3,376,755

3,362,746

3,354,281

3,176,827

3,121,549

3,081,390

3,045,614

2,846,811

2,764,833

2,694,015

2,668,354

2,554,468

2,484,154

2,353,715

2,345,209

2,285,016

2,253,178

2,160,309

2,121,843

1,981,928

1,916,401

1,837,885

1,849,517

2,193,199

2,219,318

2,233,324

2,268,296

2,170,005

2,176,731

2,017,322

2,134,563

2,031,477

2,095,821

1,994,946

2,055,122

1,970,892

1,920,607

1,853,199

1,881,907

1,763,809

1,718,625

1,643,692

1,551,445

1,480,193

1,427,910

1,403,876

1,381,124

1,356,754

1,303,776

1,250,833

1,223,016

1,168,692

1,118,513

1,045,628

1,025,645

973,826

956,179

905,979

895,009

875,102

867,490

849,175

850,753

798,154

771,980

757,891

751,096

729,057

749,769

721,186

722,708

702,265

687,748

669,764

661,568

643,400

626,300

573,800

546,100

539,500

493,600

476,600

460,900

427,600

687,500

667,900

656,600

> Total Liabilities

0
0
0
614,500
624,800
642,200
667,100
25,400
25,400
843,500
44,600
923,700
21,500
940,800
955,400
985,649
996,970
1,026,604
1,020,101
1,084,184
1,033,544
1,092,436
1,051,118
1,064,178
1,032,460
1,110,072
1,089,619
1,163,906
1,135,549
1,152,030
1,159,363
1,181,392
1,191,738
1,245,170
1,250,797
1,351,357
1,322,761
1,430,159
1,447,242
1,521,279
1,526,813
1,607,217
1,672,679
1,706,519
30,972
1,686,200
1,742,647
1,842,863
2,053,949
2,098,146
2,101,113
2,227,565
2,237,598
2,191,947
2,250,168
2,291,422
2,332,002
2,395,457
2,464,585
2,434,840
2,498,098
2,475,618
2,558,591
45,968
2,673,656
2,686,780
2,657,218
45,966
30,965
30,965
2,726,693
2,853,800
2,901,633
3,075,536
3,003,954
3,081,899
3,106,815
3,196,342
3,279,550
3,373,385
3,401,944
3,518,411
3,769,940
3,862,958
3,881,901
3,942,539
3,991,720
4,214,309
4,253,615
4,274,385
4,259,078
4,353,550
4,348,618
4,410,156
4,363,719
4,348,645
4,423,506
4,820,200
4,914,269
5,173,251
5,364,974
5,555,443
5,539,714
5,852,417
5,963,157
1,948
5,769,186
5,863,484
5,809,523
5,917,551
5,869,660
4,441,425

4,441,425

5,869,660

5,917,551

5,809,523

5,863,484

5,769,186

1,948

5,963,157

5,852,417

5,539,714

5,555,443

5,364,974

5,173,251

4,914,269

4,820,200

4,423,506

4,348,645

4,363,719

4,410,156

4,348,618

4,353,550

4,259,078

4,274,385

4,253,615

4,214,309

3,991,720

3,942,539

3,881,901

3,862,958

3,769,940

3,518,411

3,401,944

3,373,385

3,279,550

3,196,342

3,106,815

3,081,899

3,003,954

3,075,536

2,901,633

2,853,800

2,726,693

30,965

45,966

2,657,218

2,686,780

2,673,656

45,968

2,558,591

2,475,618

2,498,098

2,434,840

2,464,585

2,395,457

2,332,002

2,291,422

2,250,168

2,191,947

2,237,598

2,227,565

2,101,113

2,098,146

2,053,949

1,842,863

1,742,647

1,686,200

30,972

1,706,519

1,672,679

1,607,217

1,526,813

1,521,279

1,447,242

1,430,159

1,322,761

1,351,357

1,250,797

1,245,170

1,191,738

1,181,392

1,159,363

1,152,030

1,135,549

1,163,906

1,089,619

1,110,072

1,032,460

1,064,178

1,051,118

1,092,436

1,033,544

1,084,184

1,020,101

1,026,604

996,970

985,649

955,400

940,800

21,500

923,700

44,600

843,500

25,400

667,100

642,200

624,800

614,500

> Total Current Liabilities

0
0
0
614,500
624,800
642,200
83,000
729,000
777,000
4,000
845,400
24,000
885,500
20,000
45,000
59,760
51,776
56,123
40,000
56,684
30,288
37,394
39,712
40,131
43,068
44,000
38,532
30,000
10,581
11,848
13,289
58,160
12,303
71,662
62,792
77,593
36,262
91,977
71,428
77,471
75,184
155,850
1,820
187,484
1,652,400
90,884
91,176
91,242
165,017
106,630
81,864
45,840
80,169
384,633
194,098
231,373
226,726
16,065
15,327
41,476
157,485
14,986
15,355
2,585,600
17,118
14,802
15,414
2,735,500
2,590,200
2,637,000
75,000
148,918
27,938
112,996
2,748
107,946
3,592
78,921
3,712
73,773
39,212
4,403
5,142
185,676
90,901
219,809
5,439
86,311
7,484
7,328
8,742
180,404
11,794
112,454
12,071
11,604
10,082
8,446
6,303
5,959
4,283
3,871
2,916
2,619
2,303
1,948
2,200
3,186
5,425
9,833
227,555
13,285

13,285

227,555

9,833

5,425

3,186

2,200

1,948

2,303

2,619

2,916

3,871

4,283

5,959

6,303

8,446

10,082

11,604

12,071

112,454

11,794

180,404

8,742

7,328

7,484

86,311

5,439

219,809

90,901

185,676

5,142

4,403

39,212

73,773

3,712

78,921

3,592

107,946

2,748

112,996

27,938

148,918

75,000

2,637,000

2,590,200

2,735,500

15,414

14,802

17,118

2,585,600

15,355

14,986

157,485

41,476

15,327

16,065

226,726

231,373

194,098

384,633

80,169

45,840

81,864

106,630

165,017

91,242

91,176

90,884

1,652,400

187,484

1,820

155,850

75,184

77,471

71,428

91,977

36,262

77,593

62,792

71,662

12,303

58,160

13,289

11,848

10,581

30,000

38,532

44,000

43,068

40,131

39,712

37,394

30,288

56,684

40,000

56,123

51,776

59,760

45,000

20,000

885,500

24,000

845,400

4,000

777,000

729,000

83,000

642,200

624,800

614,500

Short-term Debt

0
0
0
0
0
0
83,000
0
0
4,000
0
24,000
24,000
20,000
45,000
55,000
45,000
50,000
40,000
50,000
20,000
30,000
30,000
34,000
31,361
44,000
38,532
30,000
10,581
11,848
13,289
58,160
12,303
71,662
62,792
77,593
36,262
91,977
71,428
77,471
75,184
155,850
1,820
187,484
187,484
90,884
91,176
91,242
165,017
106,630
81,864
45,840
62,531
365,564
177,563
217,333
211,086
2,427
2,411
30,000
144,924
2,408
2,560
157,030
140,203
113,734
133,590
136,921
113,552
139,692
75,000
146,000
25,000
110,000
68,578
105,000
60,517
75,000
80,414
70,000
35,000
56,368
60,198
180,000
85,000
215,000
63,888
80,000
80,000
312,167
208,280
170,000
152,928
100,000
30,928
170,000
0
0
0
100,000
0
0
0
0
0
354
179
297,727
200,547
400,365
227,555
13,285

13,285

227,555

400,365

200,547

297,727

179

354

100,000

170,000

30,928

100,000

152,928

170,000

208,280

312,167

80,000

63,888

215,000

85,000

180,000

60,198

56,368

35,000

70,000

80,414

75,000

60,517

105,000

68,578

110,000

25,000

146,000

75,000

139,692

113,552

136,921

133,590

113,734

140,203

157,030

2,560

2,408

144,924

30,000

2,411

2,427

211,086

217,333

177,563

365,564

62,531

45,840

81,864

106,630

165,017

91,242

91,176

90,884

187,484

1,820

155,850

75,184

77,471

71,428

91,977

36,262

77,593

62,792

71,662

12,303

58,160

13,289

11,848

10,581

30,000

38,532

44,000

31,361

34,000

30,000

20,000

50,000

40,000

50,000

45,000

55,000

45,000

20,000

24,000

4,000

83,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
191,370
0
0
0
170,584
94,504
56,368
60,198
261,005
144,776
306,146
94,846
181,610
125,644
312,167
0
0
0
100,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

100,000

312,167

125,644

181,610

94,846

306,146

144,776

261,005

60,198

56,368

94,504

170,584

191,370

Accounts payable

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,760
6,776
6,123
803,137
6,684
10,288
7,394
9,712
6,131
11,707
843,162
877,814
913,325
961,494
966,244
1,002,037
926,391
1,006,811
1,022,335
1,043,513
1,115,399
1,132,546
1,125,872
1,250,970
1,266,245
1,319,745
1,408,080
1,533,877
1,475,765
1,498,002
1,408,753
1,462,984
1,478,918
1,576,598
1,605,035
1,707,930
1,885,299
17,638
19,069
16,535
14,040
15,640
13,638
12,916
11,476
12,561
12,578
12,795
2,412,696
17,118
14,802
15,414
15,321
18,116
11,685
12,766
2,918
2,938
2,996
2,748
2,946
3,592
3,921
3,712
3,773
4,212
4,403
5,142
5,676
5,901
4,809
5,439
6,311
7,484
7,328
8,742
10,404
11,794
12,454
12,071
11,604
10,082
8,446
6,303
5,959
4,283
3,871
2,916
2,619
2,303
1,948
2,200
3,186
5,425
9,833
16,178
20,893

20,893

16,178

9,833

5,425

3,186

2,200

1,948

2,303

2,619

2,916

3,871

4,283

5,959

6,303

8,446

10,082

11,604

12,071

12,454

11,794

10,404

8,742

7,328

7,484

6,311

5,439

4,809

5,901

5,676

5,142

4,403

4,212

3,773

3,712

3,921

3,592

2,946

2,748

2,996

2,938

2,918

12,766

11,685

18,116

15,321

15,414

14,802

17,118

2,412,696

12,795

12,578

12,561

11,476

12,916

13,638

15,640

14,040

16,535

19,069

17,638

1,885,299

1,707,930

1,605,035

1,576,598

1,478,918

1,462,984

1,408,753

1,498,002

1,475,765

1,533,877

1,408,080

1,319,745

1,266,245

1,250,970

1,125,872

1,132,546

1,115,399

1,043,513

1,022,335

1,006,811

926,391

1,002,037

966,244

961,494

913,325

877,814

843,162

11,707

6,131

9,712

7,394

10,288

6,684

803,137

6,123

6,776

4,760

Other Current Liabilities

0
0
0
614,500
624,800
642,200
-83,000
729,000
777,000
-4,000
845,400
-24,000
885,500
-20,000
-45,000
-59,760
-51,776
-56,123
-40,000
-56,684
-30,288
-37,394
-39,712
-40,131
-43,068
-44,000
-38,532
-30,000
-10,581
-11,848
-13,289
-58,160
-12,303
-71,662
-62,792
-77,593
-36,262
-91,977
-71,428
-77,471
-75,184
-155,850
-1,820
-187,484
0
-90,884
-91,176
-91,242
-165,017
-106,630
-81,864
-45,840
-80,169
-384,633
-194,098
-231,373
-226,726
-16,065
-15,327
-41,476
-157,485
-14,986
-15,355
2,412,696
-17,118
-14,802
-15,414
2,581,756
2,451,188
2,483,492
-75,000
-148,918
-27,938
-112,996
-2,748
-107,946
-3,592
-78,921
-3,712
-73,773
-39,212
-4,403
-5,142
-185,676
-90,901
-219,809
-5,439
-86,311
-7,484
-7,328
-8,742
-180,404
-11,794
-112,454
-12,071
-11,604
-10,082
-8,446
-6,303
-5,959
-4,283
-3,871
-2,916
-2,619
-2,303
-1,948
-2,200
-3,186
-5,425
-9,833
-16,178
4,389,251

4,389,251

-16,178

-9,833

-5,425

-3,186

-2,200

-1,948

-2,303

-2,619

-2,916

-3,871

-4,283

-5,959

-6,303

-8,446

-10,082

-11,604

-12,071

-112,454

-11,794

-180,404

-8,742

-7,328

-7,484

-86,311

-5,439

-219,809

-90,901

-185,676

-5,142

-4,403

-39,212

-73,773

-3,712

-78,921

-3,592

-107,946

-2,748

-112,996

-27,938

-148,918

-75,000

2,483,492

2,451,188

2,581,756

-15,414

-14,802

-17,118

2,412,696

-15,355

-14,986

-157,485

-41,476

-15,327

-16,065

-226,726

-231,373

-194,098

-384,633

-80,169

-45,840

-81,864

-106,630

-165,017

-91,242

-91,176

-90,884

-187,484

-1,820

-155,850

-75,184

-77,471

-71,428

-91,977

-36,262

-77,593

-62,792

-71,662

-12,303

-58,160

-13,289

-11,848

-10,581

-30,000

-38,532

-44,000

-43,068

-40,131

-39,712

-37,394

-30,288

-56,684

-40,000

-56,123

-51,776

-59,760

-45,000

-20,000

885,500

-24,000

845,400

-4,000

777,000

729,000

-83,000

642,200

624,800

614,500

> Long-term Liabilities

0
0
0
1,000
1,000
900
44,600
25,400
25,400
44,600
44,600
21,400
21,500
35,700
35,800
16,473
16,463
11,453
11,443
11,433
11,422
11,411
11,400
11,389
11,377
31,369
50,693
50,693
50,698
49,405
49,412
60,975
60,974
40,974
40,974
40,974
40,974
40,974
40,974
30,974
30,973
30,973
30,973
30,973
30,972
30,972
30,972
30,972
30,971
120,971
120,971
120,971
70,970
70,970
70,970
70,970
70,969
70,969
70,969
48,006
45,968
45,968
45,968
45,968
45,966
45,966
45,966
45,966
30,965
30,965
30,965
30,965
30,963
30,963
30,963
30,963
30,962
30,962
30,962
30,962
30,960
30,960
30,960
30,960
30,958
30,958
30,958
30,958
30,928
205,928
110,928
200,928
30,928
130,928
30,928
170,000
85,500
85,500
85,500
85,500
75,000
75,000
75,000
75,000
75,000
3,903,108
2,200
3,186
5,425
400,000
4,154,825
4,428,140

4,428,140

4,154,825

400,000

5,425

3,186

2,200

3,903,108

75,000

85,500

170,000

30,928

130,928

30,928

200,928

110,928

205,928

30,928

30,958

30,960

30,962

30,963

30,965

45,966

45,968

48,006

70,969

70,970

120,971

30,971

30,972

30,973

30,974

40,974

60,974

60,975

49,412

49,405

50,698

50,693

31,369

11,377

11,389

11,400

11,411

11,422

11,433

11,443

11,453

16,463

16,473

35,800

35,700

21,500

21,400

44,600

25,400

44,600

900

1,000

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
0
0
0
0
0
0
0
0
0
0
0
0
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
30,928
0
0
0
0
30,928
30,928
30,928
30,928
0
85,500
110,500
85,500
85,500
75,000
75,000
75,000
75,000
75,000
0
0
572,000
200,000
400,000
0
0

400,000

200,000

572,000

75,000

85,500

110,500

85,500

30,928

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,523
7,827
8,405
8,053
11,828
9,085
11,413
7,974
13,778
13,895
14,175
14,920
12,019
8,797
8,860
9,265
9,139
8,192
9,224
9,334
10,520
9,247
10,644
12,518
13,398
12,314
12,017
12,297
14,857
14,601
15,886
16,808
17,515
15,900
14,921
18,686
19,257
20,277
17,932
15,276
18,795
14,672
14,015
13,794
14,738
14,717
14,688
15,745
18,655
16,633
16,603
16,711
25,360
13,742
14,943
14,891
17,535
13,867
14,741
17,409
21,097
18,614
20,640
19,380
25,745
27,628
26,840
24,041
26,770
20,454
22,884
24,044
28,483
19,937
26,132
22,598
31,066
25,176
32,129
28,122
41,222
52,934
49,728
44,987
55,721
77,457
47,160
39,391
59,532
79,492
97,412
97,382
81,221
79,660
0
0

79,660

81,221

97,382

97,412

79,492

59,532

39,391

47,160

77,457

55,721

44,987

49,728

52,934

41,222

28,122

32,129

25,176

31,066

22,598

26,132

19,937

28,483

24,044

22,884

20,454

26,770

24,041

26,840

27,628

25,745

19,380

20,640

18,614

21,097

17,409

14,741

13,867

17,535

14,891

14,943

13,742

25,360

16,711

16,603

16,633

18,655

15,745

14,688

14,717

14,738

13,794

14,015

14,672

18,795

15,276

17,932

20,277

19,257

18,686

14,921

15,900

17,515

16,808

15,886

14,601

14,857

12,297

12,017

12,314

13,398

12,518

10,644

9,247

10,520

9,334

9,224

8,192

9,139

9,265

8,860

8,797

12,019

14,920

14,175

13,895

13,778

7,974

11,413

9,085

11,828

8,053

8,405

7,827

8,523

> Total Stockholder Equity

0
0
0
42,000
43,100
45,300
47,100
48,300
49,500
50,800
52,000
55,200
55,400
54,200
54,100
54,194
55,271
56,716
59,902
64,973
68,284
69,582
73,943
73,534
75,614
79,820
82,090
83,880
86,067
87,543
88,799
90,022
94,191
92,930
98,737
101,765
103,271
108,456
110,471
113,334
117,330
120,344
126,987
130,187
134,944
136,618
142,033
146,270
151,046
150,982
153,358
149,880
208,977
212,104
219,625
279,994
286,544
237,963
245,438
246,997
251,053
259,311
268,758
273,200
280,871
287,569
294,901
297,739
306,585
307,519
314,455
321,875
332,002
343,486
351,860
361,296
370,750
375,675
386,611
392,812
406,874
418,804
427,291
426,978
437,113
450,371
462,427
468,578
473,244
486,395
498,452
521,615
543,178
565,274
584,347
598,011
606,483
620,803
636,750
657,095
651,579
677,382
683,113
704,817
609,013
561,974
519,131
568,798
601,917
591,906
557,095
2,073,005

2,073,005

557,095

591,906

601,917

568,798

519,131

561,974

609,013

704,817

683,113

677,382

651,579

657,095

636,750

620,803

606,483

598,011

584,347

565,274

543,178

521,615

498,452

486,395

473,244

468,578

462,427

450,371

437,113

426,978

427,291

418,804

406,874

392,812

386,611

375,675

370,750

361,296

351,860

343,486

332,002

321,875

314,455

307,519

306,585

297,739

294,901

287,569

280,871

273,200

268,758

259,311

251,053

246,997

245,438

237,963

286,544

279,994

219,625

212,104

208,977

149,880

153,358

150,982

151,046

146,270

142,033

136,618

134,944

130,187

126,987

120,344

117,330

113,334

110,471

108,456

103,271

101,765

98,737

92,930

94,191

90,022

88,799

87,543

86,067

83,880

82,090

79,820

75,614

73,534

73,943

69,582

68,284

64,973

59,902

56,716

55,271

54,194

54,100

54,200

55,400

55,200

52,000

50,800

49,500

48,300

47,100

45,300

43,100

42,000

Common Stock

0
0
0
1,400
1,500
1,500
0
0
0
0
0
0
0
0
0
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
1,453
-89
1,453
83,487
84,623
85,009
85,384
85,766
86,401
86,422
87,015
87,380
88,010
88,440
89,255
90,039
90,459
90,921
92,229
93,249
93,789
94,205
95,505
96,121
96,068
96,865
98,216
99,123
99,962
101,002
103,064
104,405
104,532
105,744
107,636
108,862
107,860
109,223
111,045
112,383
111,571
112,689
114,243
114,858
113,337
113,424
114,011
114,927
114,764
117,796
119,625
120,615
121,138
123,571
125,832
127,004
125,840
123,367
125,758
127,692

127,692

125,758

123,367

125,840

127,004

125,832

123,571

121,138

120,615

119,625

117,796

114,764

114,927

114,011

113,424

113,337

114,858

114,243

112,689

111,571

112,383

111,045

109,223

107,860

108,862

107,636

105,744

104,532

104,405

103,064

101,002

99,962

99,123

98,216

96,865

96,068

96,121

95,505

94,205

93,789

93,249

92,229

90,921

90,459

90,039

89,255

88,440

88,010

87,380

87,015

86,422

86,401

85,766

85,384

85,009

84,623

83,487

1,453

-89

1,453

1,500

1,400

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
170,218
176,154
181,903
188,014
194,046
200,615
203,654
212,900
219,002
225,648
233,108
239,889
247,715
255,751
263,345
271,004
278,301
285,792
294,002
302,202
310,317
319,118
327,873
337,616
347,427
357,710
363,794
376,850
390,404
404,394
419,179
432,953
446,969
460,736
475,247
484,857
496,891
512,041
529,005
536,390
552,063
567,518
583,134
596,578
612,026
630,337
646,100
658,629
661,447
0
0

661,447

658,629

646,100

630,337

612,026

596,578

583,134

567,518

552,063

536,390

529,005

512,041

496,891

484,857

475,247

460,736

446,969

432,953

419,179

404,394

390,404

376,850

363,794

357,710

347,427

337,616

327,873

319,118

310,317

302,202

294,002

285,792

278,301

271,004

263,345

255,751

247,715

239,889

233,108

225,648

219,002

212,900

203,654

200,615

194,046

188,014

181,903

176,154

170,218

Accumulated Other Comprehensive Income

0
0
0
800
-200
800
700
700
500
200
200
1,800
700
-2,000
-3,500
-4,797
-5,111
-5,414
-3,725
-207
1,787
1,698
4,224
1,835
2,077
4,272
4,658
3,937
2,612
1,373
-26
-1,282
169
-3,803
-796
-1,267
-3,353
-1,508
-3,060
-3,814
-5,309
-6,094
-2,988
-3,178
-2,578
-4,585
-2,033
-1,010
-158
-3,934
-5,162
-12,024
-11,166
-9,959
-5,437
-5,993
-3,311
520
3,682
1,350
1,419
3,762
6,800
5,139
6,241
6,491
6,644
5,689
4,988
-625
-1,452
-2,494
454
3,352
2,587
3,830
5,869
2,722
5,035
2,142
7,363
10,166
7,992
-2,387
-1,902
369
452
-670
-7,920
-9,710
-13,276
-6,191
2,487
9,500
13,467
12,059
22,550
24,802
25,224
27,744
15,110
22,271
10,932
16,093
-93,687
-158,534
-221,729
-188,923
-167,370
-177,645
-228,111
-155,195

-155,195

-228,111

-177,645

-167,370

-188,923

-221,729

-158,534

-93,687

16,093

10,932

22,271

15,110

27,744

25,224

24,802

22,550

12,059

13,467

9,500

2,487

-6,191

-13,276

-9,710

-7,920

-670

452

369

-1,902

-2,387

7,992

10,166

7,363

2,142

5,035

2,722

5,869

3,830

2,587

3,352

454

-2,494

-1,452

-625

4,988

5,689

6,644

6,491

6,241

5,139

6,800

3,762

1,419

1,350

3,682

520

-3,311

-5,993

-5,437

-9,959

-11,166

-12,024

-5,162

-3,934

-158

-1,010

-2,033

-4,585

-2,578

-3,178

-2,988

-6,094

-5,309

-3,814

-3,060

-1,508

-3,353

-1,267

-796

-3,803

169

-1,282

-26

1,373

2,612

3,937

4,658

4,272

2,077

1,835

4,224

1,698

1,787

-207

-3,725

-5,414

-5,111

-4,797

-3,500

-2,000

700

1,800

200

500

700

800

-200

800

Capital Surplus

Treasury Stock

-14,314

-14,261

-4,153

-4,099

-3,884

-3,833

-3,756

-3,711

-3,522

-3,478

-3,408

-3,371

-3,169

-3,133

-2,913

-2,883

-2,681

-2,653

-2,455

-2,432

-2,213

-2,191

-2,000

-1,983

-1,786

-2,130

-1,988

-1,970

-1,779

-1,762

-1,643

-1,613

-1,408

-1,394

-1,222

-1,211

-1,091

-1,521

-1,418

-1,645

-1,562

-1,635

-1,540

-1,524

-1,432

-1,417

-1,552

-1,535

-1,442

-1,427

-1,341

-1,328

-1,255

-1,242

-1,129

-1,118

-1,017

-1,007

-919

-910

-829

-820

-748

-740

-671

-665

-918

-910

-827

-819

-866

-823

-736

-669

-670

-604

-544

-478

Other Stockholders Equity

0
0
0
7,800
8,400
7,900
9,800
9,800
9,700
9,800
9,600
9,700
9,600
9,600
9,500
8,116
8,059
8,059
7,993
7,993
7,933
7,933
7,867
7,868
7,801
7,801
7,744
7,671
8,772
8,844
9,014
9,591
10,035
10,633
10,721
11,715
12,496
12,925
13,349
13,368
14,209
14,734
16,504
16,849
17,764
17,896
18,092
18,190
18,583
17,941
19,678
20,533
23,320
23,419
23,775
81,947
82,988
83,448
83,739
84,348
84,880
85,331
85,804
86,158
-1,394
87,032
87,642
-1,643
-1,762
-1,779
-1,970
-1,988
-2,130
-1,786
-1,983
-2,000
-2,191
-2,213
-2,432
-2,455
-2,653
-2,681
-2,883
-2,913
-3,133
-3,169
-3,371
-3,408
-3,478
-3,522
-3,711
-3,756
-3,833
-3,884
-4,099
-4,153
-14,261
-14,314
-14,526
-14,581
-14,685
-14,748
-14,962
-15,025
-15,016
-15,089
-15,309
-15,383
-15,182
-15,263
-15,469
2,073,005

2,073,005

-15,469

-15,263

-15,182

-15,383

-15,309

-15,089

-15,016

-15,025

-14,962

-14,748

-14,685

-14,581

-14,526

-14,314

-14,261

-4,153

-4,099

-3,884

-3,833

-3,756

-3,711

-3,522

-3,478

-3,408

-3,371

-3,169

-3,133

-2,913

-2,883

-2,681

-2,653

-2,455

-2,432

-2,213

-2,191

-2,000

-1,983

-1,786

-2,130

-1,988

-1,970

-1,779

-1,762

-1,643

87,642

87,032

-1,394

86,158

85,804

85,331

84,880

84,348

83,739

83,448

82,988

81,947

23,775

23,419

23,320

20,533

19,678

17,941

18,583

18,190

18,092

17,896

17,764

16,849

16,504

14,734

14,209

13,368

13,349

12,925

12,496

11,715

10,721

10,633

10,035

9,591

9,014

8,844

8,772

7,671

7,744

7,801

7,868

7,867

7,933

7,993

8,059

8,116

9,500

9,600

9,700

9,600

9,800

9,700

9,800

7,900

8,400

7,800

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Accounts Payable	20,893	3,186	2,619	5,959	11,604	10,404	6,311	5,676	3,773	2,946	2,918	15,321	13,550	11,476	14,040	1,885,299	1,478,918	1,475,765	1,266,245	1,115,399	926,391	913,325	6,131	6,684	4,760	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	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-155,195	-188,923	16,093	27,744	12,059	-6,191	-670	-2,387	2,142	3,830	-2,494	5,689	5,139	1,350	-5,993	-12,024	-1,010	-3,178	-3,814	-1,267	-1,282	3,937	1,835	-207	-4,797	1,800	700	396	631	-1,655
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	127,692	127,004	120,615	114,927	114,858	112,383	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Cash	151,824	130,282	683,240	249,927	99,381	216,922	176,180	167,280	80,674	90,638	63,105	232,237	56,909	42,513	48,964	57,149	56,278	65,252	77,387	81,144	52,297	74,149	70,219	84,682	63,104	61,500	49,800	44,879	26,895	24,147
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	17,126	1,315,810	2,081,798	984,772	707,614	802,471	714,673	671,471	558,745	566,549	532,072	699,258	152,259	77,769	55,983	57,149	56,278	65,252	77,387	81,144	52,297	74,149	70,219	84,682	63,104	61,500	49,800	44,879	26,895	24,147
Common Stock	127,692	127,004	120,615	114,927	114,858	112,383	108,862	104,405	99,123	96,121	93,249	90,039	87,380	85,766	83,487	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	0	0	1,448	1,438	1,438
Common Stock Shares Outstanding	25,723	25,713	25,620	25,574	25,759	25,728	25,663	25,461	25,246	25,172	24,952	24,724	24,487	24,321	19,429	18,690	18,636	18,563	18,434	18,192	18,004	17,875	17,524	17,442	17,442	17,442	17,412	17,382	17,262	17,262
Common Stock Total Equity	0	127,004	120,615	114,927	114,858	112,383	108,862	104,405	99,123	96,121	93,249	90,039	87,380	0	0	0	0	0	1,453	1,453	1,453	1,453	1,453	1,453	1,453	0	0	1,448	1,438	1,438
Current Deferred Revenue	-50,744	-294,541	2,024	-5,122	-158,957	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	664,571	629,355	577,553	549,145	503,955	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	5,589	5,795	6,004	6,215	6,430	6,012	6,161	9,624	10,522	11,500	9,600	0	0	0
Intangible Assets	0	2,700	2,400	3,500	3,800	3,300	3,000	4,970	4,970	4,970	4,970	47	99	153	207	413	5,589	5,795	6,004	6,215	6,430	6,012	6,161	9,624	0	0	0	0	0	0
Inventory	-47,137	-158,376	-701,110	-269,104	-115,188	316	40	153	210	1,869	2,247	10,119	5,028	9,301	2,393	1,354	2,924	2,246	960	3,252	3,988	10,439	9,928	183	0	0	0	0	0	0
Liabilities And Stockholders Equity	6,524,029	6,432,371	6,557,323	5,830,435	4,946,745	4,875,254	4,682,976	4,290,025	3,766,286	3,443,284	3,175,764	3,064,144	2,889,688	2,681,926	2,571,505	2,377,445	1,989,133	1,836,706	1,634,613	1,453,122	1,271,414	1,247,786	1,137,712	1,149,157	1,039,843	978,900	796,500	656,551	568,579	496,963
Long Term Debt	50,000	572,000	75,000	85,500	170,000	30,928	110,958	30,928	30,928	30,928	30,928	30,928	30,928	45,969	70,970	70,971	30,972	30,973	30,974	30,974	40,975	39,393	34,707	24,398	0	0	0	0	0	0
Long Term Debt Total	0	572,000	75,000	85,500	0	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	1,181,646	128,599	1,398,558	5,333,811	4,627,936	3,868,585	3,774,684	3,433,124	3,040,613	2,717,643	2,488,079	2,224,018	2,192,874	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-101,824	144,718	-608,240	-164,427	70,619	-15,994	-65,222	43,680	20,288	45,325	113,860	-186,271	-10,941	35,493	376,057	109,662	65,936	153,205	31,058	37,423	66,838	6,544	-24,830	-23,249	8,369	-16,100	-24,400	67,032	67,668	41,608
Net Invested Capital	699,704	843,798	779,817	742,595	768,011	722,543	579,536	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	30,011	27,994	17,674	18,761	15,391	15,518	14,093	11,687	9,462	8,662	8,577	8,491	9,612	9,074	8,600	8,599	9,126	8,720	7,416	5,765	5,010	4,999	5,441	6,744	5,420	5,700	4,900	4,254	4,003	3,464
Net Tangible Assets	0	563,828	699,847	652,125	593,041	516,645	463,608	422,008	387,842	356,326	316,905	292,722	268,131	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	-4,241,594	1,340,618	2,096,853	997,574	711,401	4,046,234	3,996,736	3,543,096	3,162,788	2,812,474	2,513,574	-178,234	2,368,942	2,162,302	1,888,332	1,901,815	1,525,607	1,267,612	1,230,348	1,034,961	894,156	899,901	62,399	47,336	35,213	36,400	34,800	-565,367	-46,233	-20,712
Non Current Assets Total	6,342,194	1,376,837	1,462,837	799,113	673,357	648,616	599,929	561,253	529,725	522,864	513,272	506,878	507,196	478,148	451,800	429,790	372,284	381,610	326,794	340,568	319,098	317,885	30,413	36,921	38,330	37,900	32,700	223,130	209,744	181,047
Non Current Liabilities Other	0	102,678	39,391	44,987	33,222	22,598	17,733	18,365	15,607	14,463	11,973	1,390	15,745	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,450,807	3,186	75,000	85,500	170,000	30,928	110,958	30,960	30,962	30,963	30,965	45,966	45,968	48,006	70,970	120,971	30,972	30,973	30,974	40,974	60,975	50,693	19,300	19,300	19,300	19,200	19,200	23,531	17,432	17,432
Non Currrent Assets Other	6,175,374	-1,376,837	-1,462,837	-799,113	-673,357	3,408,649	3,354,281	3,045,614	2,668,354	2,345,209	2,121,843	1,849,517	-47,675	-17,628	-446,623	5,383	5,589	5,795	6,004	6,215	6,430	6,012	6,161	9,624	10,522	11,500	9,600	-223,130	-209,744	-181,047
Noncontrolling Interest In Consolidated Entity	0	89	89	89	89	89	89	89	89	89	89	89	89	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	0	3,711,730	2,995,014	4,027,789	3,550,383	5,523,870	5,282,905	4,851,278	4,296,011	3,966,148	3,689,036	3,571,022	3,396,884	3,160,074	3,023,305	2,807,235	2,361,417	2,218,316	1,961,407	1,793,690	1,590,512	1,565,671	35,164	22,194	0	0	0	384,288	327,937	288,305
Other Current Assets	181,835	158,376	701,110	269,104	115,188	3,408,649	3,354,281	3,045,614	2,668,354	2,345,209	2,121,843	1,849,517	2,220,621	2,116,935	2,055,122	1,881,907	1,551,445	1,381,124	1,223,016	1,025,645	895,009	850,753	1,031,639	1,020,810	932,989	873,800	709,100	0	0	0
Other Current Liab	4,402,536	-3,186	-2,619	-5,959	-11,604	4,142,307	4,097,159	3,577,912	3,183,421	2,873,120	2,546,068	2,581,756	-13,550	-2,037	-136,718	0	0	0	0	0	0	0	1,004,769	1,008,216	906,540	880,600	729,000	526,120	-77,131	-48,323
Other Liab	0	97,382	39,391	44,987	28,122	22,598	17,733	18,365	15,607	17,409	14,891	16,711	15,745	13,794	15,276	18,686	16,808	12,297	12,518	9,334	9,265	14,920	7,974	8,053	0	0	0	0	0	0
Other Stockholder Equity	-15,553	-15,383	-15,025	-14,581	-4,153	-3,756	-3,408	-2,913	-2,455	-2,000	-1,988	-1,643	86,158	84,348	81,947	20,533	18,190	16,849	13,368	11,715	9,591	7,671	9,703	7,786	3,319	9,700	9,800	8,628	8,458	6,172
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	54,095	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Property Plant And Equipment Gross	113,817	111,117	110,466	59,298	60,154	58,097	56,466	52,092	46,684	41,983	39,335	34,840	34,736	30,405	29,576	30,519	27,525	25,177	24,563	25,057	26,157	24,768	24,252	27,297	27,808	26,400	23,100	16,014	13,736	11,295
Property Plant And Equipment Net	57,899	58,097	59,309	59,298	60,154	58,097	56,466	52,092	46,684	41,983	39,335	34,840	34,736	30,405	29,576	30,519	27,525	25,177	24,563	25,057	26,157	24,768	24,252	27,297	27,808	26,400	23,100	16,014	13,736	11,295
Property Plant Equipment	0	58,097	59,309	59,298	60,154	58,097	56,466	52,092	46,684	41,983	39,335	34,840	34,736	30,405	29,576	30,519	27,525	25,177	24,563	25,057	26,157	24,768	24,252	27,297	0	0	0	0	0	0
Retained Earnings	692,760	646,100	583,134	529,005	475,247	419,179	363,794	327,873	294,002	263,345	233,108	203,654	181,903	161,299	149,945	141,371	129,090	116,516	102,327	89,864	80,260	70,819	62,378	55,734	49,422	43,700	37,800	31,967	26,858	22,279
Retained Earnings Total Equity	0	646,100	583,134	529,005	475,247	419,179	363,794	327,873	294,002	263,345	233,108	203,654	181,903	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	170,000	80,000	180,000	170,584	191,370	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	50,000	275,000	75,000	85,500	170,000	200,928	110,958	210,960	100,962	135,963	176,965	45,966	45,968	78,006	425,021	166,811	122,214	218,457	108,445	118,567	119,135	80,693	45,389	61,433	71,473	45,400	25,400	111,911	94,563	65,755
Short Term Debt	50,744	297,727	595	11,081	170,561	170,000	80,000	180,000	70,000	105,000	146,000	136,921	157,030	32,037	354,051	45,840	91,242	187,484	77,471	77,593	58,160	30,000	34,000	50,000	55,000	24,000	0	88,380	77,131	48,323
Short Term Investments	1,051,728	1,185,528	1,398,558	734,845	608,233	585,549	538,493	504,191	478,071	475,911	468,967	467,021	47,675	17,628	7,019	6,858	11,413	54,447	5,292	22,714	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	6,524,029	6,432,371	6,557,323	5,830,435	4,946,745	4,875,254	4,682,976	4,290,025	3,766,286	3,443,284	3,175,764	3,064,144	2,889,688	2,681,926	2,571,505	2,377,445	1,989,133	1,836,706	1,634,613	1,453,122	1,271,414	1,247,786	1,137,712	1,149,157	1,039,843	978,900	796,500	656,551	568,579	496,963
Total Current Assets	181,835	1,343,804	2,099,472	1,003,533	723,005	4,226,638	4,083,047	3,728,772	3,236,561	2,920,420	2,662,492	2,557,266	2,382,492	2,203,778	2,119,705	1,947,655	1,616,849	1,455,096	1,307,819	1,112,554	952,316	929,901	1,107,299	1,112,236	1,001,513	941,000	763,800	49,133	30,898	27,611
Total Current Liabilities	4,423,429	3,186	2,619	5,959	11,604	180,404	86,311	185,676	73,773	107,946	148,918	2,735,500	13,550	41,476	231,373	45,840	91,242	187,484	77,471	77,593	58,160	30,000	1,044,900	1,064,900	966,300	904,600	729,000	614,500	77,131	48,323
Total Liab	5,874,236	5,863,484	5,852,417	5,173,251	4,348,645	4,353,550	4,214,309	3,862,958	3,373,385	3,081,899	2,853,800	2,766,316	2,616,399	2,434,840	2,291,422	2,227,565	1,842,863	1,706,519	1,521,279	1,351,357	1,181,392	1,163,906	1,064,178	1,084,184	985,649	923,700	748,200	614,508	531,825	467,074
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	649,704	568,798	704,817	657,095	598,011	521,615	468,578	426,978	392,812	361,296	321,875	297,739	273,200	246,997	279,994	149,880	146,270	130,187	113,334	101,765	90,022	83,880	73,534	64,973	54,194	55,200	48,300	42,043	36,754	29,889
Treasury Stock	0	0	0	0	-4,153	-3,756	-3,408	-2,913	-2,455	-2,000	-1,988	-1,643	-1,222	-1,418	-1,540	-1,552	-1,341	-1,129	-919	-748	-918	-866	-669	-544	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31
Accounts Payable	20,893	16,178	9,833	5,425	3,186	2,200	1,948	2,303	2,619	2,916	3,871	4,283	5,959	6,303	8,446	10,082	11,604	12,071	12,454	11,794	10,404	8,742	7,328	7,484	6,311	5,439	4,809	5,901	5,676	5,142	4,403	4,212	3,773	3,712	3,921	3,592	2,946	2,748	2,996	2,938	2,918	12,766	11,685	18,116	15,321	15,414	14,802	17,118	2,412,696	12,795	12,578	12,561	11,476	12,916	13,638	15,640	14,040	16,535	19,069	17,638	1,885,299	1,707,930	1,605,035	1,576,598	1,478,918	1,462,984	1,408,753	1,498,002	1,475,765	1,533,877	1,408,080	1,319,745	1,266,245	1,250,970	1,125,872	1,132,546	1,115,399	1,043,513	1,022,335	1,006,811	926,391	1,002,037	966,244	961,494	913,325	877,814	843,162	11,707	6,131	9,712	7,394	10,288	6,684	803,137	6,123	6,776	4,760	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-155,195	-228,111	-177,645	-167,370	-188,923	-221,729	-158,534	-93,687	16,093	10,932	22,271	15,110	27,744	25,224	24,802	22,550	12,059	13,467	9,500	2,487	-6,191	-13,276	-9,710	-7,920	-670	452	369	-1,902	-2,387	7,992	10,166	7,363	2,142	5,035	2,722	5,869	3,830	2,587	3,352	454	-2,494	-1,452	-625	4,988	5,689	6,644	6,491	6,241	5,139	6,800	3,762	1,419	1,350	3,682	520	-3,311	-5,993	-5,437	-9,959	-11,166	-12,024	-5,162	-3,934	-158	-1,010	-2,033	-4,585	-2,578	-3,178	-2,988	-6,094	-5,309	-3,814	-3,060	-1,508	-3,353	-1,267	-796	-3,803	169	-1,282	-26	1,373	2,612	3,937	4,658	4,272	2,077	1,835	4,224	1,698	1,787	-207	-3,725	-5,414	-5,111	-4,797	-3,500	-2,000	700	1,800	200	200	500	700	700	800	-200	800	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	127,692	125,758	123,367	125,840	127,004	125,832	123,571	121,138	120,615	119,625	117,796	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0
Cash	69,563	146,280	173,137	153,521	130,282	204,802	169,515	475,024	683,240	557,233	572,810	501,945	249,927	129,081	126,335	132,581	99,381	136,575	196,370	188,753	216,922	182,320	180,225	167,551	176,180	129,833	137,336	111,583	167,280	278,378	108,863	80,738	80,674	98,071	89,480	113,046	90,638	70,202	160,402	77,139	63,105	81,340	63,555	75,667	232,237	134,785	162,669	138,524	104,584	54,832	53,933	75,056	60,141	61,313	51,652	36,910	48,964	31,188	34,454	33,126	57,149	44,751	93,128	170,651	56,278	36,680	51,517	73,284	65,252	73,774	74,402	60,545	77,387	56,361	87,862	52,419	81,144	47,134	60,849	50,651	52,297	52,373	56,412	52,344	74,149	48,333	97,903	34,619	70,219	57,503	73,008	38,234	84,682	47,770	71,546	59,878	63,104	46,100	54,500	35,100	61,500	46,900	47,400	51,600	49,800	40,500	0	0	0	0	0	0
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	72,173	71,202	173,137	153,521	1,315,810	1,396,988	1,470,095	1,997,559	2,081,798	1,796,948	1,697,045	1,342,374	984,772	773,115	759,243	756,906	707,614	749,805	806,196	784,306	802,471	752,888	743,452	728,215	714,673	666,380	667,648	639,614	671,471	780,601	608,463	566,001	558,745	575,770	559,863	590,243	566,549	543,277	636,264	548,588	532,072	544,410	536,531	558,371	699,258	181,402	194,949	167,027	104,584	101,278	60,325	197,131	60,141	126,847	56,869	97,176	55,983	39,260	41,783	93,171	57,149	44,751	93,128	170,651	56,278	36,680	51,517	73,284	65,252	73,774	74,402	60,545	77,387	56,361	87,862	52,419	81,144	47,134	60,849	50,651	52,297	52,373	56,412	52,344	74,149	48,333	97,903	34,619	70,219	57,503	73,008	38,234	84,682	47,770	71,546	59,878	63,104	46,100	54,500	35,100	61,500	46,900	47,400	51,600	49,800	40,500	0	0	0	0	0	0
Common Stock	127,692	125,758	123,367	125,840	127,004	125,832	123,571	121,138	120,615	119,625	117,796	114,764	114,927	114,011	113,424	113,337	114,858	114,243	112,689	111,571	112,383	111,045	109,223	107,860	108,862	107,636	105,744	104,532	104,405	103,064	101,002	99,962	99,123	98,216	96,865	96,068	96,121	95,505	94,205	93,789	93,249	92,229	90,921	90,459	90,039	89,255	88,440	88,010	87,380	87,015	86,422	86,401	85,766	85,384	85,009	84,623	83,487	1,453	-89	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	0	0	0	0	0	0	0	0	0	1,500	1,500	1,400	0	0	0
Common Stock Shares Outstanding	25,733	25,694	25,686	25,743	25,754	25,735	25,698	25,690	25,669	25,635	25,602	25,550	25,520	25,487	25,470	25,736	25,818	25,797	25,774	25,666	25,746	25,745	25,709	25,697	25,701	25,656	25,620	25,596	25,518	25,458	25,396	25,328	25,325	25,272	25,230	25,184	25,194	25,164	25,109	25,071	25,033	24,952	24,820	24,791	24,753	24,736	24,680	24,659	24,421	24,486	24,450	24,428	24,293	24,348	24,319	24,265	24,137	18,797	18,773	18,761	18,602	18,703	18,703	18,637	18,323	18,651	18,632	18,630	18,240	18,583	18,549	18,511	18,021	18,464	18,389	18,397	17,809	18,176	18,145	18,158	17,529	18,052	17,933	17,871	17,442	17,978	17,921	17,705	17,442	17,561	17,442	17,489	17,442	17,442	17,442	17,442	17,442	17,376	17,442	17,442	17,442	17,442	17,397	17,397	17,397	17,418	17,430	17,420	17,380	17,380	17,380	17,380
Common Stock Total Equity	0	0	123,367	125,840	127,004	125,832	123,571	121,138	120,615	119,625	117,796	114,764	114,927	114,011	113,424	113,337	114,858	114,243	112,689	111,571	112,383	111,045	109,223	107,860	108,862	107,636	105,744	104,532	104,405	103,064	101,002	99,962	99,123	98,216	96,865	96,068	96,121	95,505	94,205	93,789	93,249	92,229	90,921	90,459	90,039	89,255	88,440	88,010	87,380	87,015	86,422	0	0	0	0	0	0	0	0	0	0	0	1,453	0	0	0	0	0	0	0	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	1,453	0	0	0	0	0	0	0	0	0	1,500	1,500	1,400	0	0	0
Current Deferred Revenue	-34,178	0	-390,532	-195,122	-294,541	2,021	1,594	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	720,664	747,237	664,571	689,551	677,720	661,695	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	5,589	4,970	4,970	4,970	5,795	5,847	5,900	5,952	6,004	6,057	6,110	6,163	6,215	6,269	6,323	6,376	6,430	5,900	5,938	5,975	6,012	5,709	5,860	6,011	6,161	6,317	9,190	9,407	9,624	9,849	10,074	10,298	10,522	10,800	11,000	11,200	11,500	12,600	12,600	12,700	9,600	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	2,700	0	0	0	0	0	0	0	0	0	0	0	3,800	0	0	0	3,300	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	4,970	12	24	35	47	60	73	86	99	112	126	139	153	166	180	194	207	259	310	362	413	465	516	568	5,589	671	722	774	5,795	5,847	5,900	5,952	6,004	6,057	6,110	6,163	6,215	6,269	6,323	6,376	6,430	5,900	5,938	5,975	6,012	5,709	5,860	6,011	6,161	6,317	9,190	9,407	9,624	9,849	10,074	10,298	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory	-102,184	-204,652	-200,919	-180,504	-158,376	-227,820	-190,444	213	196	316	1,079	464	322	316	316	362	316	323	323	399	316	427	118	1,521	3,386	4,571	4,415	3,984	6,068	5,593	4,247	2,429	3,504	3,363	3,636	2,721	1,869	1,927	2,205	3,235	2,247	1,164	5,657	7,296	10,119	7,388	6,861	6,607	5,028	8,333	5,856	3,912	9,301	8,372	1,854	1,853	2,393	2,657	6,453	4,925	1,354	3,470	2,924	3,141	2,924	5,646	718	1,175	2,246	1,493	765	1,601	960	3,478	4,269	2,817	3,252	2,575	6,143	3,790	3,988	11,272	12,760	7,110	10,439	1,187	2,628	4,422	9,928	2,937	1,287	1,515	183	708	775	656	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities And Stockholders Equity	6,514,430	6,426,844	6,509,546	6,411,529	6,432,371	6,288,406	6,265,087	6,572,259	6,557,323	6,222,916	6,232,914	6,016,642	5,830,435	5,551,108	5,441,092	5,030,078	4,946,745	4,948,155	4,975,519	4,891,885	4,875,254	4,757,619	4,760,869	4,726,948	4,682,976	4,454,236	4,392,999	4,319,103	4,290,025	4,197,320	3,937,304	3,808,907	3,766,286	3,666,250	3,572,106	3,477,654	3,443,284	3,355,903	3,419,111	3,233,724	3,175,764	3,041,237	2,975,462	2,927,702	3,064,144	2,952,208	2,974,438	2,954,616	2,889,688	2,827,438	2,735,018	2,749,240	2,681,926	2,710,112	2,633,509	2,618,635	2,571,505	2,469,882	2,404,140	2,446,664	2,377,445	2,254,471	2,249,128	2,204,995	1,989,133	1,884,680	1,822,818	1,818,260	1,836,706	1,799,666	1,727,561	1,644,143	1,634,613	1,557,713	1,538,615	1,426,032	1,453,122	1,349,534	1,338,100	1,285,929	1,271,414	1,248,162	1,239,573	1,221,616	1,247,786	1,171,709	1,189,892	1,108,074	1,137,712	1,125,061	1,162,018	1,101,828	1,149,157	1,080,003	1,083,320	1,052,241	1,039,843	1,009,500	995,000	960,100	978,900	916,700	894,300	845,700	796,500	714,200	687,500	667,900	656,500	0	0	0
Long Term Debt	50,000	90,000	400,000	200,000	572,000	0	0	75,000	75,000	75,000	75,000	75,000	85,500	85,500	110,500	85,500	170,000	30,928	30,928	30,928	30,928	110,928	205,928	30,928	30,958	30,928	30,928	30,928	30,928	30,928	30,960	30,928	30,928	30,928	30,928	30,962	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	45,968	45,969	70,969	70,969	70,969	70,970	70,970	70,970	70,970	120,971	120,971	120,971	30,971	30,972	30,972	30,972	30,972	30,973	30,973	30,973	30,973	30,974	40,974	40,974	40,974	40,974	40,974	40,974	60,974	60,975	49,412	49,405	50,698	50,693	50,693	50,700	30,701	34,707	34,167	30,715	31,611	34,398	34,727	33,121	36,609	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Total	0	0	400,000	200,000	572,000	0	0	75,000	75,000	75,000	75,000	75,000	85,500	85,500	110,500	85,500	0	30,928	30,928	30,928	30,928	0	0	0	0	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	30,928	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,181,646	1,105,026	1,191,139	508	128,599	1,320,006	1,427,991	1,522,535	1,398,558	1,239,715	1,124,235	5,262,308	5,333,811	5,183,308	5,081,061	4,664,436	4,627,936	4,593,247	4,563,809	3,892,495	3,868,585	3,798,270	3,817,104	3,801,552	3,774,684	3,594,211	3,536,662	3,492,374	3,433,124	3,242,755	3,158,759	3,072,202	3,040,613	2,930,718	2,852,051	2,728,784	2,717,643	2,657,263	2,628,791	2,530,096	2,488,079	2,352,291	2,298,765	2,227,506	2,224,018	2,167,918	2,177,153	2,186,722	2,192,874	2,143,274	2,109,087	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	-56,278	-56,280	226,863	46,479	144,718	-199,361	-163,289	-400,024	-608,240	-482,233	-497,810	-426,945	-164,427	-43,581	-40,835	-47,081	70,619	-105,647	-65,442	-157,825	-15,994	-71,392	25,703	-136,623	-65,222	-98,875	108,622	4,375	43,680	-247,418	-77,903	-14,778	20,288	-67,109	16,482	-82,084	45,325	-39,239	-19,439	-21,176	113,860	24,625	-32,590	-44,702	-186,271	-88,819	-116,703	-92,558	-58,616	-6,304	-5,557	115,836	17,865	12,067	21,744	245,145	239,339	217,345	402,080	100,375	109,662	158,084	134,473	25,337	65,936	85,468	70,339	-42,312	153,205	-40,981	112,421	45,612	31,058	56,041	45,089	24,817	37,423	56,632	51,787	22,626	66,838	10,328	4,841	8,935	6,544	40,892	-22,534	8,119	-24,830	-16,103	-31,597	-6,812	-23,249	3,673	-10,093	1,585	8,369	34,700	1,200	-13,600	-16,100	-2,300	1,200	-26,200	-24,400	87,100	84,700	105,800	88,400	0	0	0
Net Invested Capital	699,704	647,095	991,906	801,917	843,798	0	0	684,013	779,817	758,113	752,382	726,579	742,595	722,250	706,303	691,983	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	30,011	28,994	27,398	26,883	27,994	22,822	20,733	19,448	17,674	17,780	17,056	19,355	18,761	18,447	15,850	15,433	15,391	15,823	17,418	17,387	15,518	15,802	15,223	14,616	14,093	13,123	12,028	11,886	11,687	10,548	10,294	10,030	9,462	9,330	9,360	9,091	8,662	9,042	8,970	8,833	8,577	8,333	9,214	9,235	8,491	9,735	9,446	9,477	9,612	8,895	8,812	8,900	9,074	9,179	9,178	9,130	8,600	8,990	8,714	8,482	8,599	8,597	8,830	8,750	9,126	8,893	8,585	8,299	8,720	8,245	7,645	7,306	7,416	6,503	6,403	6,044	5,765	5,254	4,977	5,173	5,010	4,945	4,943	5,124	4,999	5,063	5,308	5,283	5,441	6,277	6,112	6,418	6,744	6,653	6,141	6,140	5,420	5,700	5,800	6,000	5,700	5,600	5,300	4,700	4,900	4,400	0	0	0	0	0	0
Net Tangible Assets	0	0	586,936	596,947	563,828	514,161	557,004	604,043	699,847	678,143	672,412	646,609	652,125	631,780	615,833	601,513	593,041	579,377	560,304	538,208	516,645	493,482	481,425	468,274	463,608	457,457	445,401	432,143	422,008	422,321	413,834	401,904	387,842	381,641	370,705	365,780	356,326	346,890	338,516	327,032	316,905	309,473	302,525	301,580	292,722	289,871	282,526	275,815	268,131	263,676	254,215	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	58,888	-156,353	190,702	174,979	1,340,618	1,417,610	1,488,880	2,014,704	2,096,853	1,811,812	1,710,230	1,357,446	997,574	785,259	766,647	762,257	711,401	753,557	711,160	789,899	637,585	759,948	751,347	735,347	642,455	674,064	459,867	560,599	497,482	786,007	614,354	536,819	494,434	581,388	490,302	595,742	467,265	549,571	532,238	529,483	391,731	477,743	-2,091,255	-2,022,594	-2,027,751	175,723	189,593	159,386	-2,471,404	94,818	54,151	48,546	27,739	120,699	49,982	-120,420	-166,790	-145,848	-334,136	21,484	19,908	-28,516	-4,672	14,384	-25,838	-45,603	-30,782	-1,570,817	-113,512	80,199	-73,803	-7,333	7,332	-8,564	2,288	22,201	9,316	-10,404	-5,836	43,521	-853	44,029	49,507	46,887	49,148	14,864	59,211	-3,166	35,529	24,068	41,726	14,364	34,742	14,423	21,564	14,242	8,764	6,800	40,300	-844,400	43,200	-792,900	48,700	-720,700	-674,300	-38,100	0	0	0	0	0	0
Non Current Assets Total	58,436	58,782	63,809	63,677	1,376,837	1,383,462	1,491,562	1,586,388	1,462,837	1,304,683	1,188,744	905,283	799,113	709,313	698,209	690,240	673,357	677,831	673,515	659,283	648,616	633,182	625,439	621,371	599,929	597,906	591,774	586,213	561,253	559,360	553,714	538,861	529,725	526,682	518,729	524,605	522,864	518,568	520,699	515,994	513,272	506,566	513,316	522,211	506,878	567,872	550,725	544,788	507,196	547,260	489,150	525,887	478,148	542,609	471,641	517,383	451,800	450,740	433,036	491,812	429,790	437,314	428,545	381,902	372,284	358,914	334,806	332,801	381,610	360,893	341,738	325,459	326,794	326,157	325,837	321,941	340,568	323,320	316,095	324,126	319,098	315,742	310,728	314,973	317,885	320,159	314,701	310,281	310,956	332,224	333,129	335,990	335,023	323,315	317,885	316,459	309,751	314,300	308,400	345,200	365,600	324,700	348,000	312,800	280,900	241,700	0	0	-100	0	0	0
Non Current Liabilities Other	0	0	84,659	86,370	102,678	102,853	79,492	65,231	39,391	47,160	81,908	55,721	44,987	54,512	57,827	46,221	33,222	37,330	30,475	36,459	22,598	26,132	19,937	20,999	17,733	17,445	15,645	20,869	18,365	21,698	23,225	21,533	15,607	16,928	14,693	17,505	14,463	11,993	10,871	14,597	11,973	2,177	2,057	7,244	1,390	1,189	1,831	18,655	15,745	14,688	14,717	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,428,140	4,154,825	400,000	5,425	3,186	2,200	3,903,108	75,000	75,000	75,000	75,000	75,000	85,500	85,500	85,500	85,500	170,000	30,928	130,928	30,928	200,928	110,928	205,928	30,928	30,958	30,958	30,958	30,958	30,960	30,960	30,960	30,960	30,962	30,962	30,962	30,962	30,963	30,963	30,963	30,963	30,965	30,965	30,965	30,965	45,966	45,966	45,966	45,966	45,968	45,968	45,968	45,968	48,006	70,969	70,969	70,969	70,970	70,970	70,970	70,970	120,971	120,971	120,971	30,971	30,972	30,972	30,972	30,972	30,973	30,973	30,973	30,973	30,974	40,974	40,974	40,974	40,974	40,974	40,974	60,974	60,975	49,412	49,405	50,698	50,693	50,693	31,369	11,377	11,389	11,400	11,411	11,422	11,433	11,443	11,453	16,463	16,473	35,800	35,700	21,500	21,400	44,600	44,600	25,400	25,400	44,600	900	1,000	1,000	0	0	0
Non Currrent Assets Other	6,175,374	-1,109,726	-1,191,139	-1,236,932	-1,376,837	-1,383,462	-1,491,562	-1,586,388	-1,462,837	-1,304,683	-1,188,744	-905,283	-799,113	-709,313	-698,209	-690,240	-673,357	-677,831	-673,515	-659,283	-648,616	-633,182	-625,439	-621,371	-599,929	-597,906	-591,774	-586,213	-561,253	-559,360	-553,714	-538,861	-529,725	-526,682	-518,729	-524,605	-522,864	-518,568	-520,699	-515,994	-513,272	-506,566	-513,316	-522,211	-506,878	-567,872	-550,725	-544,788	-507,196	-547,260	-489,150	-525,887	-478,148	-542,609	-471,641	-517,383	-451,800	-450,740	-433,036	-491,812	-429,790	-437,314	-428,545	-381,902	-372,284	-358,914	-334,806	-332,801	-381,610	-360,893	-341,738	-325,459	-326,794	-326,157	-325,837	-321,941	-340,568	-323,320	-316,095	-324,126	-319,098	-315,742	-310,728	-314,973	-317,885	-320,159	-314,701	-310,281	-310,956	-332,224	-333,129	-335,990	-335,023	-323,315	-317,885	-316,459	-309,751	-314,300	-308,400	-345,200	-365,600	-324,700	-348,000	-312,800	-280,900	-241,700	-17,600	-16,600	-16,000	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	89	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	6,015,328	6,296,860	6,245,202	6,167,448	3,711,730	3,485,134	3,282,697	2,968,864	2,995,014	3,103,505	3,330,069	3,749,630	4,027,789	4,050,233	3,967,790	3,567,499	3,550,383	3,504,696	3,478,390	3,430,909	3,408,649	3,355,747	3,376,755	3,362,746	3,354,281	3,176,827	3,121,549	3,081,390	3,045,614	2,846,811	2,764,833	2,694,015	2,668,354	2,554,468	2,484,154	2,353,715	2,345,209	2,285,016	2,253,178	2,160,309	2,121,843	1,981,928	1,916,401	1,837,885	1,849,517	2,193,199	2,219,318	2,233,324	2,268,296	2,170,005	2,176,731	2,017,322	2,134,563	2,031,477	2,095,821	1,994,946	2,055,122	1,970,892	1,920,607	1,853,199	1,881,907	1,763,809	1,718,625	1,643,692	1,551,445	1,480,193	1,427,910	1,403,876	1,381,124	1,356,754	1,303,776	1,250,833	1,223,016	1,168,692	1,118,513	1,045,628	1,025,645	973,826	956,179	905,979	895,009	875,102	867,490	849,175	850,753	798,154	771,980	757,891	751,096	729,057	749,769	721,186	722,708	702,265	687,748	669,764	661,568	643,400	626,300	573,800	546,100	539,500	493,600	476,600	460,900	427,600	687,500	667,900	656,600	0	0	0
Other Current Assets	181,835	175,658	200,919	180,504	158,376	227,820	190,444	21,682	2,995,014	3,103,505	3,330,069	3,749,630	4,027,789	4,050,233	3,967,790	3,567,499	3,550,383	3,504,696	3,478,390	3,430,909	3,408,649	3,355,747	3,376,755	3,362,746	3,354,281	3,176,827	3,121,549	3,081,390	3,045,614	2,846,811	2,764,833	2,694,015	2,668,354	2,554,468	2,484,154	2,353,715	2,345,209	2,285,016	2,253,178	2,160,309	2,121,843	1,981,928	1,916,401	1,837,885	1,849,517	2,193,199	2,219,318	2,233,324	2,268,296	2,170,005	2,176,731	2,017,322	2,134,563	2,031,477	2,095,821	1,994,946	2,055,122	1,970,892	1,920,607	1,853,199	1,881,907	1,763,809	1,718,625	1,643,692	1,551,445	1,480,193	1,427,910	1,403,876	1,381,124	1,356,754	1,303,776	1,250,833	1,223,016	1,168,692	1,118,513	1,045,628	1,025,645	973,826	956,179	905,979	895,009	875,102	867,490	849,175	850,753	1,088,200	1,056,473	1,037,695	1,031,639	1,030,255	1,046,652	1,020,735	1,020,810	988,862	968,804	948,475	932,989	919,600	896,300	880,900	873,800	825,200	803,700	751,900	709,100	0	0	0	0	0	0	0
Other Current Liab	4,389,251	-16,178	-9,833	-5,425	-3,186	-2,200	-1,948	-2,303	-2,619	-2,916	-3,871	-4,283	-5,959	-6,303	-8,446	-10,082	-11,604	-12,071	-112,454	-11,794	-180,404	-8,742	-7,328	-7,484	-86,311	-5,439	-219,809	-90,901	-185,676	-5,142	-4,403	-39,212	-73,773	-3,712	-78,921	-3,592	-107,946	-2,748	-112,996	-27,938	-148,918	-75,000	2,483,492	2,451,188	2,581,756	-15,414	-14,802	-17,118	2,412,696	-15,355	-14,986	-157,485	-41,476	-15,327	-16,065	-226,726	-231,373	-194,098	-384,633	-80,169	-45,840	-81,864	-106,630	-165,017	-91,242	-91,176	-90,884	0	-187,484	-1,820	-155,850	-75,184	-77,471	-71,428	-91,977	-36,262	-77,593	-62,792	-71,662	-12,303	-58,160	-13,289	-11,848	-10,581	-30,000	-38,532	-44,000	-43,068	-40,131	-39,712	-37,394	-30,288	-56,684	-40,000	-56,123	-51,776	-59,760	-45,000	-20,000	885,500	-24,000	845,400	-4,000	777,000	729,000	-83,000	642,200	624,800	614,500	0	0	0
Other Liab	0	0	79,660	81,221	97,382	97,412	79,492	59,532	39,391	47,160	77,457	55,721	44,987	49,728	52,934	41,222	28,122	32,129	25,176	31,066	22,598	26,132	19,937	28,483	24,044	22,884	20,454	26,770	24,041	26,840	27,628	25,745	19,380	20,640	18,614	21,097	17,409	14,741	13,867	17,535	14,891	14,943	13,742	25,360	16,711	16,603	16,633	18,655	15,745	14,688	14,717	14,738	13,794	14,015	14,672	18,795	15,276	17,932	20,277	19,257	18,686	14,921	15,900	17,515	16,808	15,886	14,601	14,857	12,297	12,017	12,314	13,398	12,518	10,644	9,247	10,520	9,334	9,224	8,192	9,139	9,265	8,860	8,797	12,019	14,920	14,175	13,895	13,778	7,974	11,413	9,085	11,828	8,053	8,405	7,827	8,523	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Stockholder Equity	2,073,005	-15,469	-15,263	-15,182	-15,383	-15,309	-15,089	-15,016	-15,025	-14,962	-14,748	-14,685	-14,581	-14,526	-14,314	-14,261	-4,153	-4,099	-3,884	-3,833	-3,756	-3,711	-3,522	-3,478	-3,408	-3,371	-3,169	-3,133	-2,913	-2,883	-2,681	-2,653	-2,455	-2,432	-2,213	-2,191	-2,000	-1,983	-1,786	-2,130	-1,988	-1,970	-1,779	-1,762	-1,643	87,642	87,032	-1,394	86,158	85,804	85,331	84,880	84,348	83,739	83,448	82,988	81,947	23,775	23,419	23,320	20,533	19,678	17,941	18,583	18,190	18,092	17,896	17,764	16,849	16,504	14,734	14,209	13,368	13,349	12,925	12,496	11,715	10,721	10,633	10,035	9,591	9,014	8,844	8,772	7,671	7,744	7,801	7,801	7,868	7,867	7,933	7,933	7,993	7,993	8,059	8,059	8,116	9,500	9,600	9,600	9,700	9,600	9,800	9,700	9,800	9,800	7,900	8,400	7,800	0	0	0
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	54,199	54,095	53,992	53,891	53,792	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	113,817	0	0	0	111,117	0	0	0	0	0	59,539	59,884	59,298	60,309	60,331	60,945	60,154	59,631	58,719	58,760	58,097	57,644	57,242	55,737	56,466	56,389	56,492	53,212	52,092	52,167	49,144	48,628	46,684	44,013	43,376	42,438	41,983	40,523	39,867	39,575	39,335	38,514	35,346	34,502	34,840	34,969	34,962	35,020	34,736	31,660	30,707	30,597	30,405	29,204	29,249	29,262	29,576	30,108	30,335	30,241	30,519	27,498	27,351	27,314	27,525	26,586	25,988	25,410	25,177	25,136	24,232	24,371	24,563	24,820	25,091	25,057	25,057	25,372	25,790	25,976	26,157	26,444	26,286	24,612	24,768	24,404	24,348	24,466	24,252	24,709	27,056	27,034	27,297	26,869	26,755	27,450	27,808	27,300	27,400	26,900	26,400	26,400	25,300	24,800	23,100	18,300	17,600	16,600	16,000	0	0	0
Property Plant And Equipment Net	58,436	58,512	58,839	58,707	58,097	58,486	58,601	58,883	59,309	59,998	59,539	59,884	59,298	60,309	60,331	60,945	60,154	59,631	58,719	58,760	58,097	57,644	57,242	55,737	56,466	56,389	56,492	53,212	52,092	52,167	49,144	48,628	46,684	44,013	43,376	42,438	41,983	40,523	39,867	39,575	39,335	38,514	35,346	34,502	34,840	34,969	34,962	35,020	34,736	31,660	30,707	30,597	30,405	29,204	29,249	29,262	29,576	30,108	30,335	30,241	30,519	27,498	27,351	27,314	27,525	26,586	25,988	25,410	25,177	25,136	24,232	24,371	24,563	24,820	25,091	24,951	25,057	25,372	25,790	25,976	26,157	26,444	26,286	24,612	24,768	24,404	24,348	24,466	24,252	24,709	27,056	27,034	27,297	26,869	26,755	27,450	27,808	27,300	27,400	26,900	26,400	26,400	25,300	24,800	23,100	18,300	17,600	16,600	16,000	0	0	0
Property Plant Equipment	0	0	58,839	58,707	58,097	63,927	58,601	58,883	59,309	59,998	63,990	59,884	59,298	60,309	60,331	60,945	60,154	59,631	58,719	58,760	58,097	57,644	57,242	55,737	56,466	56,389	56,492	53,212	52,092	52,167	49,144	48,628	46,684	44,013	43,376	42,438	41,983	40,523	39,867	39,575	39,335	38,514	35,346	34,502	34,840	34,969	34,962	35,020	34,736	31,660	30,707	30,597	30,405	29,204	29,249	29,262	29,576	30,108	30,335	30,241	30,519	27,498	27,351	27,314	27,525	26,586	25,988	25,410	25,177	25,136	24,232	24,371	24,563	24,820	25,091	24,951	25,057	25,372	25,790	25,976	26,157	26,444	26,286	24,612	24,768	24,404	24,348	24,466	24,252	24,709	27,056	27,034	27,297	26,869	26,755	27,450	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Earnings	692,760	674,917	661,447	658,629	646,100	630,337	612,026	596,578	583,134	567,518	552,063	536,390	529,005	512,041	496,891	484,857	475,247	460,736	446,969	432,953	419,179	404,394	390,404	376,782	363,794	357,710	347,427	337,616	327,873	319,118	310,317	302,202	294,002	285,792	278,301	271,004	263,345	255,751	247,715	239,889	233,108	225,648	219,002	212,900	203,654	200,615	194,046	188,014	181,903	176,154	170,218	164,754	161,299	158,017	153,995	152,668	149,945	147,295	144,753	143,031	141,371	138,842	135,522	132,621	129,090	125,974	123,307	119,758	116,516	113,471	110,251	106,977	102,327	98,729	95,586	92,675	89,864	87,359	84,647	82,534	80,260	78,358	75,873	73,230	70,819	68,235	66,294	64,283	62,378	60,399	58,498	57,111	55,734	54,181	52,618	50,870	49,422	48,100	46,600	45,100	43,700	42,200	40,800	39,300	37,800	36,600	35,100	33,400	32,000	0	0	0
Retained Earnings Total Equity	0	0	661,447	658,629	646,100	630,337	612,026	596,578	583,134	567,518	552,063	536,390	529,005	512,041	496,891	484,857	475,247	460,736	446,969	432,953	419,179	404,394	390,404	376,850	363,794	357,710	347,427	337,616	327,873	319,118	310,317	302,202	294,002	285,792	278,301	271,004	263,345	255,751	247,715	239,889	233,108	225,648	219,002	212,900	203,654	200,615	194,046	188,014	181,903	176,154	170,218	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100,000	0	0	0	312,167	125,644	181,610	94,846	306,146	144,776	261,005	60,198	56,368	94,504	170,584	0	0	0	191,370	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	13,285	90,000	400,000	200,000	275,000	5,441	6,226	75,000	75,000	75,000	75,000	75,000	85,500	85,500	85,500	85,500	170,000	30,928	130,928	30,928	200,928	110,928	205,928	30,928	110,958	30,958	245,958	115,958	210,960	30,960	30,960	65,960	100,962	30,962	105,962	30,962	135,963	30,963	140,963	55,963	176,965	105,965	30,965	30,965	45,966	45,966	45,966	45,966	45,968	48,528	48,376	190,892	78,006	73,380	73,396	282,055	288,303	248,533	436,534	133,501	166,811	202,835	227,601	195,988	122,214	122,148	121,856	30,972	218,457	32,793	186,823	106,157	108,445	112,402	132,951	77,236	118,567	103,766	112,636	73,277	119,135	62,701	61,253	61,279	80,693	89,225	75,369	42,738	45,389	41,400	41,411	31,422	61,433	51,443	61,453	61,463	71,473	80,800	55,700	21,500	45,400	44,600	48,600	25,400	25,400	127,600	84,700	105,800	88,400	0	0	0
Short Term Debt	13,285	227,555	400,365	200,547	297,727	179	354	0	0	0	0	0	100,000	0	0	0	170,000	30,928	100,000	152,928	170,000	208,280	312,167	80,000	80,000	63,888	215,000	85,000	180,000	60,198	56,368	35,000	70,000	80,414	75,000	60,517	105,000	68,578	110,000	25,000	146,000	75,000	139,692	113,552	136,921	133,590	113,734	140,203	157,030	2,560	2,408	144,924	30,000	2,411	2,427	211,086	217,333	177,563	365,564	62,531	45,840	81,864	106,630	165,017	91,242	91,176	90,884	187,484	187,484	1,820	155,850	75,184	77,471	71,428	91,977	36,262	77,593	62,792	71,662	12,303	58,160	13,289	11,848	10,581	30,000	38,532	44,000	31,361	34,000	30,000	30,000	20,000	50,000	40,000	50,000	45,000	55,000	45,000	20,000	24,000	24,000	0	4,000	0	0	83,000	0	0	0	0	0	0
Short Term Investments	2,610	975,532	1,062,069	1,108,281	1,185,528	1,192,186	1,300,580	1,522,535	1,398,558	1,239,715	1,124,235	840,429	734,845	644,034	632,908	624,325	608,233	613,230	609,826	595,553	585,549	570,568	563,227	560,664	538,493	536,547	530,312	528,031	504,191	502,223	499,600	485,263	478,071	477,699	470,383	477,197	475,911	473,075	475,862	471,449	468,967	463,070	472,976	482,704	467,021	46,617	32,280	28,503	467,391	46,446	6,392	122,075	17,628	65,534	5,217	60,266	7,019	8,072	7,329	60,045	6,858	17,710	6,521	8,448	11,413	5,524	6,048	3,378	54,447	0	0	0	5,292	0	0	0	22,714	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	6,145,937	6,426,844	6,509,546	6,411,529	6,432,371	6,288,406	6,265,087	6,572,259	6,557,323	6,222,916	6,232,914	6,016,642	5,830,435	5,551,108	5,441,092	5,030,078	4,946,745	4,948,155	4,975,519	4,891,885	4,875,254	4,757,619	4,760,869	4,726,948	4,682,976	4,454,236	4,392,999	4,319,103	4,290,025	4,197,320	3,937,304	3,808,907	3,766,286	3,666,250	3,572,106	3,477,654	3,443,284	3,355,903	3,419,111	3,233,724	3,175,764	3,041,237	2,975,462	2,927,702	3,064,144	2,952,208	2,974,438	2,954,616	2,889,688	2,827,438	2,735,018	2,749,240	2,681,926	2,710,112	2,633,509	2,618,635	2,571,505	2,469,882	2,404,140	2,446,664	2,377,445	2,254,471	2,249,128	2,204,995	1,989,133	1,884,680	1,822,818	1,818,260	1,836,706	1,799,666	1,727,561	1,644,143	1,634,613	1,557,713	1,538,615	1,426,032	1,453,122	1,349,534	1,338,100	1,285,929	1,271,414	1,248,162	1,239,573	1,221,616	1,247,786	1,171,709	1,189,892	1,108,074	1,137,712	1,125,061	1,162,018	1,101,828	1,149,157	1,080,003	1,083,320	1,052,241	1,039,843	1,009,500	995,000	960,100	978,900	916,700	894,300	845,700	796,500	714,200	687,500	667,900	656,500	0	0	0
Total Current Assets	72,173	71,202	200,535	180,404	1,343,804	1,419,810	1,490,828	2,017,007	2,099,472	1,814,728	1,714,101	1,361,729	1,003,533	791,562	775,093	772,339	723,005	765,628	823,614	801,693	817,989	768,690	758,675	742,831	728,766	679,503	679,676	651,500	683,158	791,149	618,757	576,031	568,207	585,100	569,223	599,334	575,211	552,319	645,234	557,421	540,649	552,743	545,745	567,606	707,749	191,137	204,395	176,504	114,196	110,173	69,137	206,031	69,215	136,026	66,047	106,306	64,583	48,250	50,497	101,653	65,748	53,348	101,958	179,401	65,404	45,573	60,102	81,583	73,972	82,019	82,047	67,851	84,803	62,864	94,265	58,463	86,909	52,388	65,826	55,824	57,307	57,318	61,355	57,468	79,148	53,396	103,211	39,902	75,660	63,780	79,120	44,652	91,426	54,423	77,687	66,018	68,524	51,800	60,300	41,100	67,200	52,500	52,700	56,300	54,700	44,900	0	0	0	0	0	0
Total Current Liabilities	13,285	227,555	9,833	5,425	3,186	2,200	1,948	2,303	2,619	2,916	3,871	4,283	5,959	6,303	8,446	10,082	11,604	12,071	112,454	11,794	180,404	8,742	7,328	7,484	86,311	5,439	219,809	90,901	185,676	5,142	4,403	39,212	73,773	3,712	78,921	3,592	107,946	2,748	112,996	27,938	148,918	75,000	2,637,000	2,590,200	2,735,500	15,414	14,802	17,118	2,585,600	15,355	14,986	157,485	41,476	15,327	16,065	226,726	231,373	194,098	384,633	80,169	45,840	81,864	106,630	165,017	91,242	91,176	90,884	1,652,400	187,484	1,820	155,850	75,184	77,471	71,428	91,977	36,262	77,593	62,792	71,662	12,303	58,160	13,289	11,848	10,581	30,000	38,532	44,000	43,068	40,131	39,712	37,394	30,288	56,684	40,000	56,123	51,776	59,760	45,000	20,000	885,500	24,000	845,400	4,000	777,000	729,000	83,000	642,200	624,800	614,500	0	0	0
Total Liab	4,441,425	5,869,660	5,917,551	5,809,523	5,863,484	5,769,186	1,948	5,963,157	5,852,417	5,539,714	5,555,443	5,364,974	5,173,251	4,914,269	4,820,200	4,423,506	4,348,645	4,363,719	4,410,156	4,348,618	4,353,550	4,259,078	4,274,385	4,253,615	4,214,309	3,991,720	3,942,539	3,881,901	3,862,958	3,769,940	3,518,411	3,401,944	3,373,385	3,279,550	3,196,342	3,106,815	3,081,899	3,003,954	3,075,536	2,901,633	2,853,800	2,726,693	30,965	30,965	45,966	2,657,218	2,686,780	2,673,656	45,968	2,558,591	2,475,618	2,498,098	2,434,840	2,464,585	2,395,457	2,332,002	2,291,422	2,250,168	2,191,947	2,237,598	2,227,565	2,101,113	2,098,146	2,053,949	1,842,863	1,742,647	1,686,200	30,972	1,706,519	1,672,679	1,607,217	1,526,813	1,521,279	1,447,242	1,430,159	1,322,761	1,351,357	1,250,797	1,245,170	1,191,738	1,181,392	1,159,363	1,152,030	1,135,549	1,163,906	1,089,619	1,110,072	1,032,460	1,064,178	1,051,118	1,092,436	1,033,544	1,084,184	1,020,101	1,026,604	996,970	985,649	955,400	940,800	21,500	923,700	44,600	843,500	25,400	25,400	667,100	642,200	624,800	614,500	0	0	0
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	2,073,005	557,095	591,906	601,917	568,798	519,131	561,974	609,013	704,817	683,113	677,382	651,579	657,095	636,750	620,803	606,483	598,011	584,347	565,274	543,178	521,615	498,452	486,395	473,244	468,578	462,427	450,371	437,113	426,978	427,291	418,804	406,874	392,812	386,611	375,675	370,750	361,296	351,860	343,486	332,002	321,875	314,455	307,519	306,585	297,739	294,901	287,569	280,871	273,200	268,758	259,311	251,053	246,997	245,438	237,963	286,544	279,994	219,625	212,104	208,977	149,880	153,358	150,982	151,046	146,270	142,033	136,618	134,944	130,187	126,987	120,344	117,330	113,334	110,471	108,456	103,271	101,765	98,737	92,930	94,191	90,022	88,799	87,543	86,067	83,880	82,090	79,820	75,614	73,534	73,943	69,582	68,284	64,973	59,902	56,716	55,271	54,194	54,100	54,200	55,400	55,200	52,000	50,800	49,500	48,300	47,100	45,300	43,100	42,000	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-14,314	-14,261	-4,153	-4,099	-3,884	-3,833	-3,756	-3,711	-3,522	-3,478	-3,408	-3,371	-3,169	-3,133	-2,913	-2,883	-2,681	-2,653	-2,455	-2,432	-2,213	-2,191	-2,000	-1,983	-1,786	-2,130	-1,988	-1,970	-1,779	-1,762	-1,643	-1,613	-1,408	-1,394	-1,222	-1,211	-1,091	-1,521	-1,418	-1,645	-1,562	-1,635	-1,540	-1,524	-1,432	-1,417	-1,552	-1,535	-1,442	-1,427	-1,341	-1,328	-1,255	-1,242	-1,129	-1,118	-1,017	-1,007	-919	-910	-829	-820	-748	-740	-671	-665	-918	-910	-827	-819	-866	-823	-736	-736	-669	-670	-604	-604	-544	-544	-478	-478	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Begin Period Cash Flow	130,282	683,240	249,927	99,381	216,922	176,180	167,280	80,674	90,638	63,105	232,237	104,584	60,141	55,983	64,007	67,691	119,699	82,679	103,858	57,441	87,149	79,123	88,993	63,104	61,508	49,800	44,900	26,895	24,147	12,869
Capital Expenditures	5,991	4,821	6,167	5,719	7,998	7,968	9,582	9,825	9,167	6,565	7,504	2,899	6,660	3,027	1,318	4,924	4,070	2,250	1,715	1,241	3,627	2,843	1,476	2,354	3,919	4,000	5,500	3,558	3,650	2,490
Cash And Cash Equivalents Changes	0	-552,958	433,313	150,546	-117,541	40,742	8,900	86,606	-9,964	27,533	-169,132	127,653	44,443	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	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	21,542	-552,958	433,313	150,546	-117,541	40,742	8,900	86,606	-9,964	27,533	-169,132	127,653	44,443	4,158	-8,024	-3,684	-52,008	37,020	-21,179	46,417	-29,708	8,026	-9,870	25,889	1,596	137,500	36,400	17,984	2,748	11,278
Change In Working Capital	3,908	30,039	-2,223	-14,077	1,801	5,180	3,371	2,371	2,068	1,332	4,911	6,642	-2,849	-3,532	-17,558	-357	6,449	-4,067	435	2,066	230	3,845	-923	-1,829	-414	-2,400	200	237	-822	-15
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
Change To Account Receivables	-6,169	-10,711	-1,852	-6,315	-4,733	-3,301	787	-1,386	-398	-1,368	5,860	1,121	-538	0	0	527	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	-4,046,234	-3,996,736	-3,543,096	-3,162,788	-2,812,474	-2,513,574	0	3,736	0	69	544	1,987	0	2,522	902	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	1,969	1,558	0	0	564	3,770	1,183	4,518	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	65,525	18,035	2,891	12,992	24,564	19,912	10,115	9,414	11,895	24,126	15,198	20,680	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	40,750	-371	-7,762	6,534	8,481	2,584	3,757	2,466	2,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	6,173	6,777	8,387	6,814	6,458	6,157	5,718	4,827	4,311	3,938	3,625	3,570	2,333	2,248	2,458	2,545	2,343	4,056	5,039	6,445	4,584	4,672	3,470	4,557	3,595	2,700	1,400	1,277	1,209	928
Dividends Paid	47,107	40,851	34,653	30,579	29,652	25,291	21,409	18,213	15,710	13,568	9,385	13,643	10,058	11,590	9,719	7,417	6,637	5,908	5,361	4,806	4,306	3,809	3,352	2,894	2,549	2,000	1,700	1,335	1,023	806
End Period Cash Flow	151,824	130,282	683,240	249,927	99,381	216,922	176,180	167,280	80,674	90,638	63,105	232,237	104,584	60,141	55,983	64,007	67,691	119,699	82,679	103,858	57,441	87,149	79,123	88,993	63,104	187,300	81,300	44,879	26,895	24,147
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	107,990	164,521	107,601	81,509	92,041	97,007	67,660	52,374	46,614	49,135	55,461	47,693	44,682	42,672	22,944	24,428	28,973	17,943	23,952	22,342	21,913	18,877	5,336	12,858	11,730	2,200	3,400	3,633	4,384	7,786
Investments	-54,932	-610,901	-326,565	-697,839	-156,640	-159,102	-386,097	-429,757	-329,713	-232,483	-305,548	-37,387	-171,982	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	405	221	115	119	118	115	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	22,000	-10,500	85,500	-106,483	94,873	-79,395	90,421	-20,786	-101,471	124,992	-20,109	-32,063	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	93,767	103,817	95,733	84,337	87,047	80,411	57,330	52,084	46,367	43,805	38,839	35,394	30,662	24,543	18,979	19,701	19,211	18,721	17,958	14,545	13,865	12,366	10,113	9,322	8,319	7,900	7,500	6,444	5,645	5,126
Other Cashflows From Financing Activities	306,770	20,433	696,688	986,349	87,645	207,878	626,350	484,914	289,516	225,583	104,314	148,953	178,415	169,291	214,108	384,724	132,758	187,092	177,735	191,443	54,254	92,599	50,214	101,667	73,617	163,500	46,300	64,737	557,296	430,779
Other Cashflows From Investing Activities	0	-10,802	1,186	-8,466	-4,055	628	-371	-2,866	-227	-745	532	-18,434	1,969	1,687	0	0	0	0	2,051	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-93,767	20,898	4,137	-5,476	-3,919	465	1,677	-2,681	-2,131	-594	7,662	-5,604	19,992	22,072	-319	7,463	5,040	1,483	2,235	527	6,861	837	-5,848	3,162	4,149	-2,000	-200	-767	2,002	4,237
Sale Purchase Of Stock	-575	-579	-559	-10,547	-515	-463	-495	-458	-455	-444	-399	-421	-244	-56,256	-231	0	0	0	0	0	0	0	0	0	0	0	0	863,944	0	0
Stock Based Compensation	3,653	7,811	7,158	1,790	4,187	5,608	5,698	4,210	2,535	2,803	1,962	1,344	1,342	739	411	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-37,507	-95,776	651,091	775,342	-48,887	102,209	327,708	466,855	273,362	211,626	80,423	135,781	169,774	78,106	172,079	377,306	126,120	181,183	162,374	166,636	18,028	88,749	46,818	93,733	61,031	137,500	36,400	81,047	62,979	44,420
Total Cash From Operating Activities	113,981	169,342	113,768	87,228	100,039	104,975	77,242	62,199	55,781	55,700	62,965	50,592	51,342	45,699	24,262	29,352	33,043	20,193	25,667	23,583	25,540	21,720	6,812	15,212	15,649	6,200	8,900	7,191	8,034	10,276
Total Cashflows From Investing Activities	0	-626,524	-331,546	-712,024	-168,693	-166,442	-396,050	-442,448	-339,107	-239,793	-312,520	-58,720	-176,673	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31
Begin Period Cash Flow	146,280	173,137	153,521	130,282	204,802	169,515	475,024	683,240	557,233	572,810	501,945	249,927	129,081	126,335	132,581	99,381	136,575	196,370	188,753	216,922	182,320	180,225	167,551	176,180	129,833	137,336	111,583	167,280	278,378	108,863	80,738	80,674	98,071	89,480	113,046	90,638	70,202	160,402	77,139	63,105	81,340	63,555	75,667	232,237	181,402	194,949	167,027	104,584	101,278	60,325	197,131	60,141	126,847	56,869	97,176	55,983	39,260	41,783	93,171	64,007	62,461	99,649	179,099	67,691	42,204	57,565	76,662	119,699	104,164	97,383	64,978	82,679	62,443	92,941	58,084	103,858	53,830	66,944	57,474	57,441	59,606	63,596	60,534	87,149	60,243	104,508	40,876	79,123	62,624	77,615	39,109	88,993	48,682	71,790	59,878	63,104	46,100	54,500	18,300	61,500	20,900	47,200	62,700	49,800	2,100	4,900	14,700	14,700	0	17,500	0	0
Capital Expenditures	981	1,187	1,668	2,155	1,143	1,364	1,223	1,091	902	1,970	1,133	2,162	565	1,876	1,145	2,133	2,024	2,411	1,472	2,091	2,538	1,843	2,909	678	1,486	1,282	4,529	2,285	1,176	4,164	1,558	2,927	3,582	2,264	1,907	1,414	2,853	1,522	1,120	1,070	1,643	3,971	1,549	341	631	704	614	950	3,695	1,520	692	753	1,739	505	536	247	40	355	652	271	3,607	583	496	238	1,418	1,022	991	639	455	1,289	277	229	221	396	667	431	369	181	361	330	276	715	2,253	383	901	716	452	774	115	409	616	336	1,030	799	271	254	1,119	500	1,100	1,200	1,100	1,500	1,000	400	2,100	1,100	1,400	900	700	1,500	1,000	400
Cash And Cash Equivalents Changes	0	0	19,616	23,239	-74,520	35,287	-305,509	-208,216	126,007	-15,577	70,865	252,018	120,846	2,746	-6,246	33,200	-37,194	-59,795	7,617	-28,169	34,602	2,095	12,674	-8,629	46,347	-7,503	25,753	-55,697	-111,098	169,515	28,125	64	-17,397	8,591	-23,566	22,408	20,436	-90,200	83,263	14,034	-18,235	17,785	-12,112	-156,570	50,835	-13,547	27,922	62,443	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	5,544	-26,857	19,616	23,239	-74,520	35,287	-305,509	-208,216	126,007	-15,577	70,865	252,018	120,846	2,746	-6,246	33,200	-37,194	-59,795	7,617	-28,169	34,602	2,095	12,674	-8,629	46,347	-7,503	25,753	-55,697	-111,098	169,515	28,125	64	-17,397	8,591	-23,566	22,408	20,436	-90,200	83,263	14,034	-18,235	17,785	-12,112	-156,570	50,835	-13,547	27,922	62,443	3,306	40,953	-136,806	136,990	-66,706	69,978	-40,307	41,193	16,723	-2,523	-51,388	29,164	1,546	-37,188	-79,450	111,408	25,487	-15,361	-19,097	-43,037	15,535	6,781	32,405	-17,701	20,236	-30,498	34,857	-45,774	50,028	-13,114	9,470	33	-2,165	-3,990	3,062	-26,615	26,906	-44,265	63,632	-38,247	16,499	-14,991	38,506	-49,884	40,311	-23,108	11,912	-3,226	17,004	-8,400	36,200	-19,600	56,500	20,900	47,200	12,900	-14,700	2,100	4,900	-11,400	14,700	-10,500	17,500	-3,700
Change In Working Capital	-6,706	19,983	-4,748	-4,621	-4,886	8,405	12,829	13,691	-1,329	-2,083	-4,491	5,680	-1,163	-12,117	2,925	-3,722	579	3,073	-1,785	-66	3,607	1,932	-624	265	6,646	-2,255	-2,982	1,962	-3,948	-35	3,052	3,302	-1,700	2,271	-2,434	3,931	2,560	55	-3,937	2,654	381	2,060	-5,290	7,760	3,031	1,242	-1,320	3,689	-2,530	-1,052	-1,548	2,281	749	-677	-6,726	3,122	-15,154	-4,665	1,296	965	4,914	-1,859	-2,005	-1,407	3,264	-160	352	2,993	-1,854	-941	-2,838	1,566	-387	2,476	-2,630	976	312	998	-732	1,488	1,122	770	-2,455	793	546	1,834	32	1,433	-62	-224	-2,205	1,568	-2,009	735	-1,230	675	86	-400	-300	200	1,000	-1,200	-1,100	-1,100	500	-5,800	-17,400	-10,300	-614,500	-614,500	0	-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	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-2,783	-1,975	-1,912	501	-7,929	-2,947	2,987	-2,822	238	-3,878	3,203	-1,415	-2,328	-3,332	520	-1,175	683	-2,377	-1,697	-1,342	1,306	-1,795	-682	-2,130	3,557	-4,554	1,161	623	348	525	1,034	-3,293	-463	-10	-8	83	296	-1,046	-319	-299	0	158	0	0	-166	0	31	135	-717	-83	88	174	0	0	0	0	0	0	0	117	527	529	296	376	0	0	135	421	0	0	0	110	0	0	0	0	0	0	33	0	0	0	0	0	0	0	0	0	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	-4,918,233	-5,044,170	-5,111,359	-5,031,322	-4,841,795	-4,742,883	-4,339,838	-4,273,388	-4,270,324	-4,189,550	-4,232,602	-4,046,234	-4,124,437	-4,135,430	-4,105,577	-3,996,736	-3,856,330	-3,581,416	-3,641,989	-3,543,096	-3,637,960	-3,383,590	-3,230,834	-3,162,788	-3,139,568	-2,974,456	-2,953,049	-2,812,474	-2,837,335	-2,785,416	-2,689,792	9,345	9,843	5,109	3,540	0	0	0	0	3,736	792	2,840	5,092	0	0	419	559	69	0	0	0	544	0	0	0	1,987	1,528	1,698	1,160	0	0	341	0	2,522	0	0	411	902	1,422	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,339	0	-560	2,018	6,595	0	0	0	0	0	0	0	0	0	0	0	2,738	1,969	2,027	1,383	3,659	1,558	1,259	1,006	968	0	0	0	1,600	0	0	1,947	496	564	0	0	794	3,770	3,574	2,195	2,572	1,183	2,196	4,027	4,708	4,518	2,417	0	2,338	0	0	0	0	0	0	0	0	0	0	0	0	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	-5,149	3,165	8,515	5,089	17,782	24,062	3,504	2,386	13,316	924	1,371	-2,251	1,555	2,216	5,967	5,761	-713	1,977	8,444	9,044	-527	7,603	12,478	1,384	-196	6,246	-790	1,209	3,509	6,187	388	5,097	-1,411	5,340	4,980	2,327	-394	4,982	2,193	9,214	-1,143	13,862	5,187	3,236	1,428	5,347	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-2,836	-2,836	3,043	11,352	9,842	16,513	-1,567	1,795	-7,694	7,095	1,165	-8,785	2,405	-2,547	-104	5,450	-88	1,276	2,301	3,727	58	2,395	2,584	2,299	-4,143	1,339	3,757	0	0	0	2,466	0	0	0	2,700	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1,163	1,655	1,684	1,671	1,700	1,672	1,666	1,739	2,135	2,494	1,985	1,773	1,774	1,692	1,667	1,681	1,662	1,622	1,635	1,539	1,579	1,563	1,479	1,536	1,552	1,447	1,396	1,323	1,246	1,276	1,177	1,128	1,047	1,070	1,096	1,098	1,039	980	959	960	963	931	872	859	1,502	704	685	679	632	574	562	565	551	560	563	574	623	625	610	600	1,035	293	556	661	214	640	681	808	1,113	1,159	855	929	1,215	1,099	1,296	1,429	1,567	1,661	1,734	1,483	1,171	915	1,323	1,175	878	1,270	1,176	1,348	824	882	685	1,079	1,095	1,149	1,415	898	-505	1,300	1,400	1,400	-100	1,500	600	700	400	300	400	300	400	300	300	300
Dividends Paid	11,783	11,782	11,793	11,749	10,214	10,214	10,225	10,198	8,667	8,664	8,675	8,647	7,628	7,626	7,636	7,689	7,687	7,687	7,697	6,581	6,578	6,580	6,588	5,545	5,543	5,542	5,553	4,771	4,767	4,679	4,688	4,079	4,076	4,074	4,083	3,477	3,476	3,475	3,486	3,131	3,128	3,123	3,134	5,563	5,563	2,778	2,787	2,515	2,512	2,511	2,525	2,510	2,500	2,500	3,397	3,193	2,628	2,625	2,546	1,920	1,907	1,899	1,901	1,710	1,708	1,707	1,706	1,516	1,514	1,510	1,508	1,376	1,377	1,373	1,368	1,243	1,234	1,234	1,229	1,109	1,107	1,105	1,106	988	864	983	982	980	866	867	867	752	635	752	753	754	649	600	700	600	500	500	600	400	400	400	500	400	300	400	300	300
End Period Cash Flow	151,824	146,280	173,137	153,521	130,282	204,802	169,515	475,024	683,240	557,233	572,810	501,945	249,927	129,081	126,335	132,581	99,381	136,575	196,370	188,753	216,922	182,320	180,225	167,551	176,180	129,833	137,336	111,583	167,280	278,378	108,863	80,738	80,674	98,071	89,480	113,046	90,638	70,202	160,402	77,139	63,105	81,340	63,555	75,667	232,237	181,402	194,949	167,027	104,584	101,278	60,325	197,131	60,141	126,847	56,869	97,176	55,983	39,260	41,783	93,171	64,007	62,461	99,649	179,099	67,691	42,204	57,565	76,662	119,699	104,164	97,383	64,978	82,679	62,443	92,941	58,084	103,858	53,830	66,944	57,474	57,441	59,606	63,596	60,534	87,149	60,243	104,508	40,876	79,123	62,624	77,615	39,109	88,993	48,682	71,790	59,878	63,104	46,100	54,500	41,900	56,500	20,900	47,200	62,700	-14,700	2,100	4,900	-11,400	14,700	-10,500	17,500	-3,700
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	25,524	49,384	7,794	25,288	33,349	42,327	42,232	46,613	26,885	24,946	34,025	21,745	25,398	18,649	20,080	17,382	26,141	24,804	19,528	21,568	27,269	27,771	16,706	25,261	22,619	15,927	10,639	18,475	11,556	10,525	14,754	15,539	9,092	14,398	8,062	15,062	13,197	12,316	9,798	13,824	11,138	15,012	6,544	22,767	13,158	11,879	9,633	13,023	9,397	8,255	7,657	19,373	11,556	9,346	5,365	16,405	-2,397	10,622	8,785	5,934	8,419	6,545	5,200	4,264	9,060	5,508	5,033	9,372	4,122	3,824	2,768	7,229	7,619	8,705	1,217	6,411	4,866	9,862	1,327	6,287	11,008	5,430	-3,550	9,025	-4,791	6,564	7,822	9,282	-2,692	3,193	1,349	3,486	2,793	3,560	2,355	4,150	1,830	4,000	500	5,400	2,100	1,100	600	-1,600	200	800	-300	2,700	500	1,300	500	1,300
Investments	-32,533	10,544	-81,599	52,657	-180,989	26,384	-62,791	-328,085	-212,887	-166,861	-241,156	58,319	-155,691	-107,884	-406,858	-27,406	-45,153	-23,702	-70,965	-16,820	-82,904	4,068	-19,415	-60,851	-192,156	-64,472	-46,130	-83,339	-211,049	-89,263	-96,375	-33,070	-116,091	-84,192	-119,940	-9,490	-61,910	-28,071	-100,833	-41,669	-153,818	-52,248	-74,472	-25,010	-46,367	5,820	5,505	-2,345	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	405	0	0	0	221	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	200,000	-22,000	22,000	297,000	-75,000	-75,000	-75,000	-75,000	0	-10,500	-10,500	-25,000	100,000	10,500	-30,928	-15,000	63,000	-123,555	68,203	-103,887	186,523	-55,966	86,764	-211,300	130,412	-85,271	169,847	3,830	-38,136	-45,120	59,208	-46,201	66,098	-99,891	91,829	-134,383	88,600	-147,517	25,917	96,304	26,140	-23,369	3,331	19,856	-26,469	-16,827	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	29,626	25,252	14,611	24,278	25,977	28,525	25,673	23,642	24,283	24,119	24,348	22,983	24,592	22,776	19,670	17,299	22,198	21,454	21,713	21,682	21,363	20,570	20,142	18,336	11,627	15,825	15,364	14,514	13,522	13,480	12,803	12,279	12,286	11,565	11,380	11,136	11,070	11,511	11,312	9,912	10,588	9,769	9,236	9,246	8,602	9,347	8,819	8,626	8,261	8,447	7,989	5,965	5,782	6,521	6,219	6,021	5,381	5,268	4,460	3,870	4,439	5,219	4,802	5,241	4,824	4,374	5,255	4,758	4,559	4,730	4,782	4,650	4,977	4,522	4,404	4,055	3,748	3,951	3,344	3,502	3,010	3,591	3,749	3,515	3,535	2,953	2,993	2,885	2,846	2,767	2,371	2,129	2,304	2,315	2,501	2,202	2,019	2,100	2,100	2,100	2,000	1,900	2,000	2,000	1,600	1,900	2,200	1,830	1,620	1,610	1,710	1,500
Other Cashflows From Financing Activities	113,439	131,016	30,331	31,984	169,419	42,497	-199,750	83,488	320,788	19,804	164,694	191,517	268,863	99,527	386,724	231,354	-149,453	62,071	27,417	147,728	96,459	-22,916	22,036	112,414	498,165	46,751	66,870	14,564	95,500	252,779	114,584	22,053	95,234	81,434	92,217	20,632	75,285	-72,392	177,700	44,992	141,671	58,118	58,600	-139,074	132,105	-49,250	41,770	71,204	87,638	79,919	-15,899	91,709	189,023	139,206	100,284	180,252	141,904	60,814	-58,683	127,995	123,460	4,071	46,552	210,642	99,341	55,209	3,214	-25,005	33,848	65,928	81,922	5,395	72,164	15,884	108,937	-29,250	101,301	4,598	74,841	10,703	51,166	7,433	21,070	-25,415	73,498	-20,812	77,496	-37,583	16,478	26,567	61,640	-54,471	64,438	-7,143	35,333	9,039	36,317	14,400	36,900	-19,000	57,000	21,400	47,800	13,300	-14,300	24,600	17,700	9,900	29,500	9,300	36,500	6,600
Other Cashflows From Investing Activities	0	0	-36	-142	-10,079	-70	-613	-43	-49	338	144	-197	-10,041	292	1,497	-214	-60	-66	-60	-3,869	401	-59	-21	307	35	35	-37	-404	-2,920	355	-122	-179	-1,544	1,244	200	-127	-2,698	1,619	105	229	27	217	367	-79	-19,924	1,131	284	75	1,936	1,092	800	444	1,687	1,382	656	256	0	155	88	96	0	0	0	0	0	0	0	0	0	0	0	0	2,051	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-29,626	-209	-1,415	3,954	10,603	2,996	927	6,372	965	-1,213	12,477	-8,092	-815	7,128	-8,557	-3,232	2,665	-1,713	-2,967	-1,904	1,310	2,428	-4,718	1,445	797	-393	-505	1,778	-434	-1,406	-1,992	1,151	-337	319	-1,296	-817	1	-962	881	-514	-982	4,276	1,248	3,120	-64	921	1,967	818	6,490	1,397	978	11,127	-918	50	66	64	-714	270	-191	316	1,638	3,475	2,343	7	2,176	1,676	-264	1,452	759	165	246	313	2,035	1,004	-1,186	382	-392	3,433	-2,658	144	5,981	869	-3,914	3,925	-8,849	1,223	4,073	4,390	-6,185	177	1,114	-954	2,433	160	-60	629	1,349	1,500	-1,600	2,900	300	400	100	-2,800	-200	5,500	15,900	11,770	613,680	615,390	-510	100
Sale Purchase Of Stock	-84	-206	-81	-204	-74	-220	-73	-212	-63	-214	-63	-219	-55	-212	-53	-10,227	-54	-215	-51	-195	-45	-189	-44	-185	-37	-202	-36	-220	-30	-202	-28	-198	-23	-219	-22	-191	-17	-197	-21	-209	-18	-191	-17	-173	-30	-205	-14	-172	-11	-120	-10	-103	-17	-83	-56,060	-96	-16	-92	-15	-108	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	200	0	0	0	400
Stock Based Compensation	1,861	2,185	-2,554	2,161	1,098	2,093	2,360	2,260	1,023	1,785	2,969	1,381	968	375	34	413	561	1,359	1,067	1,200	1,293	1,633	1,271	1,411	1,189	1,690	1,260	1,559	1,016	1,398	1,012	784	734	880	568	353	536	1,039	631	597	597	637	289	439	183	472	261	428	281	414	381	266	-473	242	157	813	178	108	86	39	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	11,572	-87,972	93,457	-54,564	83,199	32,063	-284,337	73,299	312,058	10,926	155,956	172,151	261,180	91,689	379,035	43,438	-18,122	-60,831	59,114	-29,048	89,836	-29,685	15,404	26,654	215,849	41,007	61,281	9,571	91,315	247,898	109,868	17,774	91,146	77,141	88,112	16,963	71,847	-76,064	174,193	41,650	124,418	54,804	55,449	-154,248	103,968	-32,377	12,500	51,690	54,301	80,430	-24,924	59,967	-31,569	67,252	8,426	33,997	99,260	58,097	-49,219	63,941	121,552	2,172	44,651	208,931	97,632	53,502	1,508	-26,522	32,333	64,418	80,414	4,018	70,787	14,511	107,569	-30,493	100,067	3,364	53,612	9,593	19,440	6,328	18,664	-26,404	72,627	-21,809	76,506	-38,575	15,601	25,689	60,762	-55,234	63,793	-7,905	29,570	8,275	30,631	13,800	36,200	-19,600	56,500	20,900	47,200	12,900	-14,700	24,200	17,200	9,700	29,200	8,900	36,200	6,700
Total Cash From Operating Activities	26,505	50,571	9,462	27,443	34,492	43,691	43,455	47,704	27,787	26,916	35,158	23,907	25,963	20,525	21,225	19,515	28,165	27,215	21,000	23,659	29,807	29,614	19,615	25,939	24,105	17,209	15,168	20,760	12,732	14,689	16,312	18,466	12,674	16,662	9,969	16,476	16,050	13,838	10,918	14,894	12,781	18,983	8,093	23,108	13,789	12,583	10,247	13,973	13,092	9,775	8,349	20,126	13,295	9,851	5,901	16,652	-2,357	10,977	9,437	6,205	12,026	7,128	5,696	4,502	10,478	6,530	6,024	10,011	4,577	5,113	3,045	7,458	7,840	9,101	1,884	6,842	5,235	10,043	1,688	6,617	11,284	6,145	-1,297	9,408	-3,890	7,280	8,274	10,056	-2,577	3,602	1,965	3,822	3,823	4,359	2,626	4,404	2,949	4,500	1,600	6,600	3,200	2,600	1,600	-1,200	2,300	1,900	1,100	3,600	1,200	2,800	1,500	1,700
Total Cashflows From Investing Activities	0	0	-83,303	50,360	-192,211	-40,467	-64,627	-329,219	-213,838	-53,419	-120,249	55,960	-166,297	-109,468	-406,506	-29,753	-47,237	-26,179	-72,497	-22,780	-85,041	2,166	-22,345	-61,222	-193,607	-65,719	-50,696	-86,028	-215,145	-93,072	-98,055	-36,176	-121,217	-85,212	-121,647	-11,031	-67,461	-27,974	-101,848	-42,510	-155,434	-56,002	-75,654	-25,430	-66,922	6,247	5,175	-3,220	0	0	0	56,897	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31
Cost Of Revenue	49,858	5,763	0	0	0	54,099	32,806	21,620	16,612	14,985	17,297	29,247	43,612	54,819	57,264	65,423	67,715	55,868	32,833	18,056	20,391	25,585	41,426	46,207	0	0	0	0	0	0
Depreciation And Amortization	6,173	6,777	8,387	6,814	6,458	6,157	5,718	4,827	4,311	3,938	3,625	3,570	2,333	2,248	2,458	2,545	2,343	4,056	5,039	6,445	4,584	4,672	3,470	4,557	3,595	2,700	1,400	1,277	1,209	928
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	110,333	161,844	117,444	103,876	107,385	146,643	119,440	97,687	85,812	81,175	75,695	79,274	75,192	67,652	63,910	84,124	90,994	81,459	57,790	38,680	38,830	41,415	54,058	58,439	49,497	47,900	39,500	33,685	30,351	23,037
Ebitda	110,333	168,621	125,831	110,690	113,843	152,800	125,158	102,514	90,123	85,113	79,320	82,844	77,525	69,900	66,368	86,669	93,337	85,515	62,829	45,125	43,414	46,087	57,528	62,996	53,092	50,600	40,900	34,962	31,560	23,965
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	408	-4,137	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	343,267	231,923	210,134	197,987	189,637	181,696	163,668	143,197	129,814	126,185	115,541	108,489	114,571	115,749	102,750	86,596	74,136	70,591	67,974	59,730	60,626	56,613	50,912	45,419	44,255	38,800	32,100	5,919	4,756	5,064
Income Before Tax	110,333	125,164	117,444	103,876	107,385	98,944	89,634	77,217	69,200	66,190	58,398	52,576	45,380	36,780	27,848	28,908	27,577	28,235	27,437	21,847	20,693	18,886	14,857	13,438	12,404	11,800	11,400	9,948	8,709	8,150
Income Tax Expense	16,566	21,347	21,711	19,539	20,338	18,533	32,304	25,133	22,833	22,385	19,559	17,182	14,718	12,237	8,869	9,207	8,366	9,514	9,479	7,302	6,828	6,520	4,744	4,116	4,085	3,900	3,900	3,504	3,064	3,024
Interest Expense	146,232	36,680	15,131	30,095	60,163	47,699	29,806	20,470	16,612	14,985	17,297	26,698	29,812	30,872	36,062	55,216	63,417	53,224	30,353	16,833	18,137	22,529	39,201	45,001	37,093	36,100	28,100	23,737	21,642	14,887
Interest Income	343,267	239,567	193,219	193,103	215,210	198,970	165,698	138,951	122,539	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	89	89	89	89	89	89	89	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	93,767	103,817	95,733	84,337	87,047	80,411	57,330	52,084	46,367	43,805	38,839	35,394	30,662	24,543	18,979	19,701	19,211	18,721	17,958	14,545	13,865	12,366	10,113	9,322	8,319	7,900	7,500	6,444	5,645	5,126
Net Income Applicable To Common Shares	0	103,817	95,733	84,337	87,047	80,411	57,330	52,084	46,367	43,805	38,839	35,394	30,662	21,356	16,285	19,701	19,211	18,721	17,958	14,545	13,865	12,366	10,113	9,322	0	0	0	0	0	0
Net Income From Continuing Ops	93,767	103,817	95,733	84,337	87,047	80,411	57,330	52,084	46,367	43,805	77,957	35,394	30,662	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	197,035	202,887	178,088	163,008	155,047	151,271	135,892	118,481	105,927	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
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	110,333	161,844	117,444	103,876	107,385	146,643	119,440	97,687	85,812	81,175	75,695	79,274	75,192	67,652	63,910	84,124	90,994	81,459	57,790	38,680	38,830	41,415	54,058	58,439	49,497	47,900	39,500	33,685	30,351	23,037
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	8,583	6,483	92,690	94,111	82,252	35,053	44,228	45,510	44,002	45,010	39,846	29,215	36,750	36,051	33,382	2,472	16,858	10,868	10,184	21,050	21,796	15,198	3,146	13,020	5,242	9,100	7,400	27,766	25,595	17,973
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
Reconciled Depreciation	6,173	6,777	8,387	6,814	6,458	6,157	5,718	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	5,198	4,262	3,093	4,371	0	0	0	0	0	0	0	0	0	0	442	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	8,583	60,529	64,386	54,213	54,443	55,120	52,052	47,263	44,140	43,657	40,808	34,539	36,464	34,464	33,157	25,482	23,817	22,378	20,543	19,673	19,829	18,501	17,324	15,927	15,911	14,100	11,300	9,570	8,521	7,278
Tax Provision	16,566	21,347	21,711	19,539	20,338	18,533	32,304	25,133	22,833	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	8,583	6,483	-92,690	-94,111	-82,252	-35,053	-44,228	-45,510	-44,002	-45,010	-39,846	-29,215	36,750	36,051	33,382	-2,472	16,858	10,868	-10,184	-21,050	-21,796	-15,198	3,146	13,020	5,242	9,100	7,400	27,766	25,595	17,973
Total Other Income Expense Net	110,333	-36,680	117,444	103,876	107,385	-47,699	-29,806	-20,470	-16,612	-14,985	-17,297	-26,698	-29,812	-30,872	-36,062	-55,216	-63,417	-53,224	-30,353	-16,833	-18,137	-22,529	-39,201	-45,001	-37,093	-36,100	-28,100	-23,737	-21,642	-14,887
Total Revenue	343,267	231,923	210,134	197,987	189,637	181,696	163,668	143,197	129,814	126,185	115,541	108,489	114,571	115,749	102,750	86,596	74,136	70,591	67,974	59,730	60,626	56,613	50,912	45,419	44,255	38,800	32,100	5,919	4,756	5,064

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31
Cost Of Revenue	17,208	-29,395	-24,457	1,438	1,513	1,380	1,459	0	0	0	0	0	0	0	0	0	0	0	0	0	14,438	13,554	12,962	13,145	10,619	8,419	7,502	6,266	6,550	5,360	5,082	4,628	4,167	4,255	4,226	3,964	3,919	3,780	3,696	3,590	3,752	3,998	4,512	5,035	7,069	6,500	7,601	8,077	10,283	10,010	10,503	12,816	14,531	14,057	13,410	12,821	13,826	13,768	14,228	15,442	15,245	17,404	16,535	16,239	17,361	18,069	16,484	15,801	16,151	14,736	13,415	11,566	10,358	9,047	7,348	6,080	5,390	4,344	4,103	4,219	4,503	4,808	5,511	5,569	6,244	6,632	6,363	6,346	8,026	10,357	10,914	12,129	12,636	11,742	11,218	10,611	0	0	0	0	0	0	0	0	0	0	6,830	6,410	6,210	6,080	5,750	5,700
Depreciation And Amortization	1,163	1,655	1,684	1,671	1,700	1,672	1,666	1,739	2,135	2,494	1,985	1,773	1,774	1,692	1,667	1,681	1,662	1,622	1,635	1,539	1,579	1,563	1,479	1,536	1,552	1,447	1,396	1,323	1,246	1,276	1,177	1,128	1,047	1,070	1,096	1,098	1,039	980	959	960	963	931	872	859	1,502	704	685	679	632	574	562	565	551	560	563	574	623	625	610	600	1,035	293	556	661	214	640	681	808	1,113	1,159	855	929	1,215	1,099	1,296	1,429	1,567	1,661	1,734	1,483	1,171	915	1,323	1,175	878	1,270	1,176	1,348	824	882	685	1,079	1,095	1,149	1,415	898	-505	1,300	1,400	1,400	-100	1,500	600	700	400	300	400	300	400	300	300	300
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	34,899	28,076	14,807	54,079	49,480	44,828	36,201	31,335	33,105	33,142	34,017	32,311	35,804	34,219	31,421	32,527	41,059	41,797	43,346	41,346	40,981	37,703	36,514	31,445	32,175	31,367	29,760	26,138	25,504	25,338	23,976	22,869	22,331	21,661	21,262	20,558	20,554	20,956	20,758	18,907	19,400	18,513	18,902	18,880	18,229	20,587	20,312	20,146	19,316	20,475	19,593	15,808	16,570	17,557	16,996	16,529	15,627	16,212	15,763	16,308	19,432	21,516	20,356	22,826	23,143	22,636	23,265	21,950	21,688	21,517	20,086	18,168	17,283	15,288	13,448	11,771	10,477	10,188	8,840	9,175	8,321	9,831	10,484	10,194	10,905	10,103	10,182	10,225	11,582	13,499	14,065	14,912	15,455	14,939	14,484	13,561	12,497	12,500	12,500	12,100	12,500	12,300	12,000	11,300	9,900	10,100	10,180	9,280	8,720	8,500	8,430	8,040
Ebitda	36,062	29,731	16,491	55,750	51,180	46,500	37,867	33,074	35,240	35,636	36,002	34,084	37,578	35,911	33,088	34,208	42,721	43,419	44,981	42,885	42,560	39,266	37,993	32,981	33,727	32,814	31,156	27,461	26,750	26,614	25,153	23,997	23,378	22,731	22,358	21,656	21,593	21,936	21,717	19,867	20,363	19,444	19,774	19,739	19,731	21,291	20,997	20,825	19,948	21,049	20,155	16,373	17,121	18,117	17,559	17,103	16,250	16,837	16,373	16,908	20,467	21,809	20,912	23,487	23,357	23,276	23,946	22,758	22,801	22,676	20,941	19,097	18,498	16,387	14,744	13,200	12,044	11,849	10,574	10,658	9,492	10,746	11,807	11,369	11,783	11,373	11,358	11,573	12,406	14,381	14,750	15,991	16,550	16,088	15,899	14,459	11,992	13,800	13,900	13,500	12,400	13,800	12,600	12,000	10,300	10,400	10,580	9,580	9,120	8,800	8,730	8,340
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	90,942	59,228	60,025	56,943	62,527	58,050	54,508	52,486	51,734	53,686	51,797	52,917	53,367	50,003	47,868	46,749	47,213	47,690	47,425	47,309	47,302	45,869	44,936	43,589	42,643	42,085	40,636	38,304	37,630	36,754	35,220	33,593	33,584	32,663	31,839	31,728	31,637	32,279	31,653	30,616	30,656	29,338	28,102	27,445	26,837	28,456	28,409	28,857	28,318	28,777	28,863	28,481	29,664	29,514	28,592	27,979	27,839	26,766	25,560	22,585	21,377	23,474	21,470	20,275	19,086	18,672	18,819	17,559	17,792	17,738	17,803	17,258	18,368	16,914	16,722	15,970	15,593	15,345	14,424	14,368	15,141	14,879	15,676	14,930	14,562	14,260	14,225	13,566	13,919	13,652	12,017	11,324	11,573	11,386	11,459	11,001	10,955	11,700	11,000	10,400	10,100	10,000	9,600	9,000	8,200	8,100	1,410	1,180	1,100	1,030	1,240	890
Income Before Tax	36,062	29,731	16,491	28,049	30,964	34,762	31,257	28,181	29,790	29,588	30,053	28,013	30,663	28,153	24,118	20,942	27,629	26,573	27,122	26,061	26,843	25,249	25,252	21,600	23,406	23,398	22,758	20,072	20,104	19,978	18,894	18,241	18,164	17,406	17,036	16,594	16,635	17,176	17,062	15,317	15,648	14,515	14,390	13,845	12,410	14,087	13,211	12,868	11,933	12,865	11,990	8,592	8,560	9,650	9,336	9,234	8,051	7,944	6,471	5,382	6,510	7,822	6,842	7,740	6,836	6,264	7,687	6,790	6,579	7,291	7,310	7,055	7,626	6,900	6,762	6,149	5,662	5,994	4,983	5,208	4,286	5,410	5,698	5,299	5,427	4,512	4,566	4,381	4,291	4,112	3,451	3,003	3,318	3,289	3,666	3,165	2,804	3,200	3,300	3,100	3,100	2,900	3,000	2,900	2,300	2,900	3,350	2,870	2,500	2,420	2,690	2,340
Income Tax Expense	6,436	4,479	1,880	3,771	4,987	6,237	5,584	4,539	5,507	5,469	5,705	5,030	6,071	5,377	4,448	3,643	5,431	5,119	5,409	4,379	5,480	4,679	5,110	3,264	11,779	7,573	7,394	5,558	6,582	6,498	6,091	5,962	5,878	5,841	5,656	5,458	5,565	5,665	5,750	5,405	5,060	4,746	5,154	4,599	3,808	4,740	4,392	4,242	3,672	4,418	4,001	2,627	2,778	3,129	3,117	3,213	2,669	2,677	2,011	1,512	2,071	2,597	2,040	2,499	2,012	1,890	2,432	2,032	2,020	2,561	2,528	2,405	2,649	2,378	2,358	2,094	1,914	2,043	1,639	1,706	1,276	1,819	1,949	1,784	1,892	1,559	1,573	1,496	1,445	1,345	1,080	874	1,014	974	1,165	963	785	1,100	1,100	1,000	1,100	1,000	1,000	900	700	1,000	1,150	1,040	890	810	970	840
Interest Expense	189	40,230	35,958	27,701	18,516	10,066	4,944	3,154	3,315	3,554	3,964	4,298	5,141	6,066	7,303	11,585	13,430	15,224	16,224	15,285	14,138	12,454	11,262	9,845	8,769	7,969	7,002	6,066	5,400	5,360	5,082	4,628	4,167	4,255	4,226	3,964	3,919	3,780	3,696	3,590	3,752	3,998	4,512	5,035	5,819	6,500	7,101	7,278	7,383	7,610	7,603	7,216	8,010	7,907	7,660	7,295	7,576	8,268	9,292	10,926	12,922	13,694	13,514	15,086	16,307	16,372	15,578	15,160	15,109	14,226	12,776	11,113	9,657	8,388	6,686	5,622	4,815	4,194	3,857	3,967	4,035	4,421	4,786	4,895	5,478	5,591	5,616	5,844	7,291	9,387	10,614	11,909	12,137	11,650	10,818	10,396	9,693	9,300	9,200	9,000	9,400	9,400	9,000	8,400	7,600	7,200	6,830	6,410	6,210	6,080	5,750	5,700
Interest Income	90,942	88,623	84,482	79,220	75,353	62,558	53,622	48,034	48,322	49,295	47,625	47,977	49,854	45,979	46,831	50,439	52,312	54,769	54,635	53,494	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	89	89	89	89	89	89	89	89	89	89	89	89	89	89	-890	1,424	-534	89	-801	1,335	-534	89	89	0	0	0	89	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	29,626	25,252	14,611	24,278	25,977	28,525	25,673	23,642	24,283	24,119	24,348	22,983	24,592	22,776	19,670	17,299	22,198	21,454	21,713	21,682	21,363	20,570	20,142	18,336	11,627	15,825	15,364	14,514	13,522	13,480	12,803	12,279	12,286	11,565	11,380	11,136	11,070	11,511	11,312	9,912	10,588	9,769	9,236	9,246	8,602	9,347	8,819	8,626	8,261	8,447	7,989	5,965	5,782	6,521	6,219	6,021	5,382	5,267	4,460	3,870	4,439	5,225	4,802	5,241	4,824	4,374	5,255	4,758	4,559	4,730	4,782	4,650	4,977	4,522	4,404	4,055	3,748	3,951	3,344	3,502	3,010	3,591	3,749	3,515	3,535	2,953	2,993	2,885	2,846	2,767	2,371	2,129	2,304	2,315	2,501	2,202	2,019	2,100	2,200	2,100	2,000	1,900	2,000	2,000	1,600	1,900	2,200	1,830	1,620	1,610	1,710	1,500
Net Income Applicable To Common Shares	0	0	14,611	24,278	25,977	28,525	25,673	23,642	24,283	24,119	24,348	22,983	24,592	22,776	19,670	17,299	22,198	21,454	21,713	21,682	21,363	20,570	20,142	18,336	11,627	15,825	15,364	14,514	13,522	13,480	12,803	12,279	12,286	11,565	11,380	11,136	11,070	11,511	11,312	9,912	10,588	9,769	9,236	9,246	8,602	9,347	8,819	8,626	8,261	8,447	7,989	5,965	5,782	6,521	3,837	5,216	4,579	4,466	3,660	3,580	4,439	5,225	4,796	5,241	4,824	4,374	5,255	4,758	4,559	4,730	4,782	4,650	4,977	4,522	4,404	4,055	3,748	3,951	3,344	3,502	3,010	3,591	3,749	3,515	3,332	3,021	3,060	2,953	2,846	2,767	2,371	2,129	2,304	2,315	2,501	2,202	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income From Continuing Ops	29,626	25,252	14,611	24,278	25,977	28,525	25,673	23,642	24,283	24,119	24,348	22,983	24,592	22,776	19,670	17,299	22,198	21,454	21,713	21,682	21,363	20,570	20,142	18,336	11,627	15,825	15,364	14,514	13,522	13,480	12,803	12,279	12,286	11,565	11,380	11,136	11,070	11,511	11,312	9,912	49,706	9,769	9,236	9,246	8,602	9,347	8,819	8,626	0	8,447	7,989	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	48,599	48,393	48,524	51,519	56,837	52,492	48,678	44,880	45,007	45,741	43,661	43,679	44,713	39,913	39,528	38,854	38,882	39,545	38,411	38,209	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	36,062	29,731	16,491	54,079	49,480	44,828	36,201	31,335	33,105	33,142	34,017	32,311	35,804	34,219	31,421	32,527	41,059	41,797	43,346	41,346	40,981	37,703	36,514	31,445	32,175	31,367	29,760	26,138	25,504	25,338	23,976	22,869	22,331	21,661	21,262	20,558	20,554	20,956	20,758	18,907	19,400	18,513	18,902	18,880	18,229	20,587	20,312	20,146	19,316	20,475	19,593	15,808	16,570	17,557	16,996	16,529	15,627	16,212	15,763	16,308	19,432	21,516	20,356	22,826	23,143	22,636	23,265	21,950	21,688	21,517	20,086	18,168	17,283	15,288	13,448	11,771	10,477	10,188	8,840	9,175	8,321	9,831	10,484	10,194	10,905	10,103	10,182	10,225	11,582	13,499	14,065	14,912	15,455	14,939	14,484	13,561	12,497	12,500	12,500	12,100	12,500	12,300	12,000	11,300	9,900	10,100	3,350	2,870	2,500	2,420	2,690	2,340
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	72,088	2,114	2,049	3,559	3,469	2,934	2,873	1,559	18,629	1,342	1,839	1,877	17,563	1,306	1,053	1,147	6,154	1,479	1,071	937	6,321	934	910	872	10,468	962	801	954	12,126	819	859	827	11,253	694	728	689	11,083	705	736	800	11,256	10,825	9,200	8,565	8,608	9,779	9,872	10,426	9,002	9,373	9,270	9,408	9,911	8,779	8,649	8,712	12,212	8,839	9,797	6,277	1,945	1,958	1,114	2,551	4,057	3,964	4,446	4,391	3,896	3,779	2,283	910	1,085	1,626	3,274	4,199	5,116	5,157	5,584	5,193	6,820	5,048	5,192	4,736	3,657	4,157	4,043	3,341	2,337	153	2,048	3,588	3,882	3,553	3,025	2,560	1,542	800	1,500	1,700	2,400	2,300	2,400	2,300	1,700	2,000	18,550	17,540	17,230	16,850	15,800	15,650
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	1,163	1,655	1,684	1,671	1,700	1,672	1,666	1,739	2,135	2,494	1,985	1,773	1,774	1,692	1,667	1,681	1,662	1,622	1,635	1,539	1,579	1,563	1,479	1,536	1,552	1,447	1,396	1,323	1,246	1,276	1,177	1,128	1,047	1,070	1,096	1,098	1,039	980	959	960	963	931	872	859	1,502	704	685	679	632	574	562	565	551	560	563	574	623	625	610	600	1,035	293	556	661	214	640	681	808	1,113	1,159	855	929	1,215	1,099	1,296	1,567	1,567	1,661	1,734	1,483	1,171	915	1,323	1,175	878	1,270	1,176	1,348	824	882	685	1,079	1,095	1,149	1,415	898	-505	1,300	1,400	1,400	-100	1,500	600	700	400	300	400	300	400	300	300	300
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	1,201	1,298	1,431	1,120	1,426	1,433	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	442	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,830	6,410	6,210	6,080	5,750	5,700
Selling General Administrative	16,627	16,848	12,177	18,289	15,173	16,534	16,850	16,050	15,094	15,978	16,956	16,358	14,969	13,846	12,454	12,944	13,270	13,587	13,415	14,171	14,501	14,058	12,948	13,662	12,599	13,416	12,680	13,357	12,055	12,311	11,912	10,985	11,317	11,155	10,669	10,999	10,849	10,811	10,436	10,880	10,639	9,437	8,891	9,165	8,532	9,712	9,423	9,916	8,840	9,340	8,997	9,287	8,661	8,694	8,568	8,541	8,319	8,614	8,617	7,607	6,369	6,411	6,449	6,253	6,111	6,032	5,819	5,855	5,769	5,595	5,525	5,489	5,319	5,051	5,027	5,146	4,968	4,921	4,859	4,925	5,040	5,076	5,008	4,705	4,564	4,803	4,536	4,598	4,122	4,616	4,374	4,212	4,046	4,257	3,595	4,029	4,111	4,100	3,900	3,800	3,800	3,700	3,300	3,300	3,200	2,900	4,890	4,720	4,810	4,690	4,300	4,250
Tax Provision	6,436	4,479	1,880	3,771	4,987	6,237	5,584	4,539	5,507	5,469	5,705	5,030	6,071	5,377	4,448	3,643	5,431	5,119	5,409	4,379	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	10,783	2,114	2,049	2,121	1,956	1,554	1,414	1,559	-18,629	1,342	1,839	1,877	-17,563	1,306	1,053	1,147	-6,154	1,479	1,071	937	-6,321	934	910	872	-10,468	962	801	954	-12,126	819	859	827	-11,253	694	728	689	-11,083	705	736	800	-11,256	-10,825	-9,200	-8,565	-8,608	9,779	9,872	10,426	-9,002	9,373	-9,270	9,408	9,911	8,779	8,649	8,712	-12,212	8,839	-9,797	-6,277	-1,945	-1,958	-1,114	2,551	4,057	3,964	4,446	4,391	3,896	3,779	2,283	910	-1,085	-1,626	-3,274	-4,199	-5,116	-5,157	-5,584	-5,193	-6,820	-5,048	-5,192	-4,736	-3,657	-4,157	-4,043	-3,341	-2,337	-153	2,048	3,588	3,882	3,553	3,025	2,560	1,542	800	1,500	1,700	2,400	2,300	2,400	2,300	1,700	2,000	11,720	11,130	11,020	10,770	10,050	9,950
Total Other Income Expense Net	36,062	29,731	16,491	-26,030	-18,516	-10,066	-4,944	-3,154	-3,315	-3,554	-3,964	-4,298	-5,141	-6,066	-7,303	-11,585	-13,430	-15,224	-16,224	-15,285	-14,138	-12,454	-11,262	-9,845	-8,769	-7,969	-7,002	-6,066	-5,400	-5,360	-5,082	-4,628	-4,167	-4,255	-4,226	-3,964	-3,919	-3,780	-3,696	-3,590	-3,752	-3,998	-4,512	-5,035	-5,819	-6,500	-7,101	-7,278	-7,383	-7,610	-7,603	-7,216	-8,010	-7,907	-7,660	-7,295	-7,576	-8,268	-9,292	-10,926	-12,922	-13,694	-13,514	-15,086	-16,307	-16,372	-15,578	-15,160	-15,109	-14,226	-12,776	-11,113	-9,657	-8,388	-6,686	-5,622	-4,815	-4,194	-3,857	-3,967	-4,035	-4,421	-4,786	-4,895	-5,478	-5,591	-5,616	-5,844	-7,291	-9,387	-10,614	-11,909	-12,137	-11,650	-10,818	-10,396	-9,693	-9,300	-9,200	-9,000	-9,400	-9,400	-9,000	-8,400	-7,600	-7,200	0	0	0	0	0	0
Total Revenue	108,150	59,228	60,025	58,381	64,040	59,430	55,967	52,486	51,734	53,686	51,797	52,917	53,367	50,003	47,868	46,749	47,213	47,690	47,425	47,309	47,302	45,869	44,936	43,589	42,643	42,085	40,636	38,304	37,630	36,754	35,220	33,593	33,584	32,663	31,839	31,728	31,637	32,279	31,653	30,616	30,656	29,338	28,102	27,445	26,837	28,456	28,409	28,857	28,318	28,777	28,863	28,481	29,664	29,514	28,592	27,979	27,839	26,766	25,560	22,585	21,377	23,474	21,470	20,275	19,086	18,672	18,819	17,559	17,792	17,738	17,803	17,258	18,368	16,914	16,722	15,970	15,593	15,345	14,424	14,368	15,141	14,879	15,676	14,930	14,562	14,260	14,225	13,566	13,919	13,652	12,017	11,324	11,573	11,386	11,459	11,001	10,955	11,700	11,000	10,400	10,100	10,000	9,600	9,000	8,200	8,100	8,240	7,590	7,310	7,110	6,990	6,590

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

Gross Profit (+$)
totalRevenue	343,267
Cost of Revenue	-49,858
Gross Profit	343,267	293,409

Operating Income (+$)
Gross Profit	343,267
Operating Expense	-8,583
Operating Income	110,333	334,684

Operating Expense (+$)
Research Development	0
Selling General Administrative	8,583
Selling And Marketing Expenses	0
Operating Expense	8,583	8,583

Net Interest Income (+$)
Interest Income	343,267
Interest Expense	-146,232
Other Finance Cost	-0
Net Interest Income	197,035

Pretax Income (+$)
Operating Income	110,333
Net Interest Income	197,035
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	110,333	0 EBIT - interestExpense = -35,899 110,333 239,999
Interest Expense	146,232
Earnings Before Interest and Taxes (EBIT)	110,333	256,565
Earnings Before Interest and Taxes (EBITDA)	110,333

After tax Income (+$)
Income Before Tax	110,333
Tax Provision	-16,566
Net Income From Continuing Ops	93,767	93,767
Net Income	93,767
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	8,583
Total Other Income/Expenses Net	110,333	-197,035

Technical Analysis of Lakeland Financial Corporation
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 Financial Corporation. The general trend of Lakeland Financial Corporation is BEARISH with 14.3% 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 Financial Corporation'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 (-14.3%)		Bearish trend (14.3%)
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 Financial Corporation.

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: 66.97 < 68.27 < 69.31.

The bearish price targets are: 57.59 > 56.75 > 54.28.

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Lakeland Financial Corporation 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 Financial Corporation. The current mas is .

The long score for the Moving Averages is 6/14.
The longshort score for the Moving Averages is -2/(-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 higher than the MA 200. +1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Lakeland Financial Corporation 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 Financial Corporation. The current macd is -1.01215854.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

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

Lakeland Financial Corporation 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 Financial Corporation. The current adx is 14.14.

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

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Lakeland Financial Corporation shares, leading to potential upward 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 Financial Corporation 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 Financial Corporation. The current sar is 62.79.

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 Financial Corporation 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 Financial Corporation. The current rsi is 49.33. The current phase is Continuation in bear market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Lakeland Financial Corporation 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 Financial Corporation. The current phase is Correction 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 above 50. There are more buyers than sellers. +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 Financial Corporation price going up in the near term. +2
Trending down: The STOCH %K is trending down. -1

Lakeland Financial Corporation 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 Financial Corporation. The current cci is 5.49198441.

Lakeland Financial Corporation 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 Financial Corporation. The current cmo is 7.30681055.

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

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

Lakeland Financial Corporation 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 Financial Corporation. The current willr is -36.78929766.

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 Financial Corporation is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Lakeland Financial Corporation 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 Financial Corporation.

Lakeland Financial Corporation 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 Financial Corporation. The current atr is 1.80531424.

Lakeland Financial Corporation 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 Financial Corporation. The current obv is -3,264,278.

Lakeland Financial Corporation 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 Financial Corporation. The current mfi is 44.94.

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

MFI < 50: -1

Lakeland Financial Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Lakeland Financial Corporation.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-11-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-01	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	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	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-15	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
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	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-26	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-28	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
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	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-01-16	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-17	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-19	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-24	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-25	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-26	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-30	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-31	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-02-05	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-07	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-09	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-13	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.
	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).
2024-02-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-20	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.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-22	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-23	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-27	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-28	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-29	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-03-01	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-04	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.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-05	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-07	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	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
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-19	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-20	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.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-21	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-26	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-03-27	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	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).
2024-03-28	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-04-01	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-03	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.
2024-04-04	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-05	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	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.
2024-04-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-19	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).
2024-04-22	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.

6.3. Candlestick Patterns

Lakeland Financial Corporation Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	49.326
Ma 20	Greater than	Ma 50	61.415
Ma 50	Greater than	Ma 100	63.150
Ma 100	Greater than	Ma 200	63.473
Open	Greater than	Close	61.660
Total			2/5 (40.0%)

Create your own Symbol Scanner

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Quick analysis of Lakeland Financial Corporation (30 sec.)

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

$61.37

$65.64

$25.33 - $51.42

$90.97 - $117.06

2. Growth of Lakeland Financial Corporation (5 min.)

Is Lakeland Financial Corporation growing?

How much money is Lakeland Financial Corporation making?

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

3. Financial Health of Lakeland Financial Corporation (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 Financial Corporation? (5 min.)

What can you expect buying and holding a share of Lakeland Financial Corporation?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Lakeland Financial Corporation

About Lakeland Financial Corporation

Financial Health

Valuation

1.1. Profitability of Lakeland Financial Corporation.

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 Financial Corporation.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

1.2.2. Operating Ratio

Trends

1.3. Liquidity of Lakeland Financial Corporation.

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 Financial Corporation.

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 Financial Corporation

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Banks - Regional)

Lakeland Financial Corporation
Buy, Hold or Sell?