0 XP   0   0   0

Lojas Renner S.A
Buy, Hold or Sell?

Should you buy, hold or sell Lojas Renner S.A?

I guess you are interested in Lojas Renner S.A. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

Let's analyse Lojas Renner S.A

Let's start. I'm going to help you getting a better view of Lojas Renner S.A. 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.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Lojas Renner S.A even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Lojas Renner S.A is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Lojas Renner S.A. The closing price on 2023-02-03 was R$20.26 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Lojas Renner S.A Daily Candlestick Chart
Lojas Renner S.A Daily Candlestick Chart
Summary









1. Valuation of Lojas Renner S.A




Current price per share

R$20.26

2. Growth of Lojas Renner S.A




Is Lojas Renner S.A growing?

Current yearPrevious yearGrowGrow %
How rich?$1.9b$1.4b$446.5m23.6%

How much money is Lojas Renner S.A making?

Current yearPrevious yearGrowGrow %
Making money$59.7m$27.8m$31.8m53.4%
Net Profit Margin9.1%4.1%--

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

3. Financial Health of Lojas Renner S.A




Comparing to competitors in the Department Stores industry




  Industry Rankings (Department Stores)  


Richest
#47 / 138

Most Revenue
#64 / 138

Most Profit
#42 / 138


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is 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 yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

1.1. Profitability of Lojas Renner S.A.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Lojas Renner S.A earns for each R$1 of revenue.

  • Above 10% is considered healthy but always compare Lojas Renner S.A to the Department Stores industry mean.
  • A Net Profit Margin of 8.5% means that R$0.09 for each R$1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Lojas Renner S.A:

  • The MRQ is 8.5%. The company is making a profit. +1
  • The TTM is 9.1%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ8.5%TTM9.1%-0.6%
TTM9.1%YOY4.1%+5.0%
TTM9.1%5Y12.6%-3.5%
5Y12.6%10Y10.7%+2.0%
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ8.5%2.1%+6.4%
TTM9.1%2.1%+7.0%
YOY4.1%2.2%+1.9%
5Y12.6%1.8%+10.8%
10Y10.7%1.9%+8.8%
1.1.2. Return on Assets

Shows how efficient Lojas Renner S.A is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Lojas Renner S.A to the Department Stores industry mean.
  • 1.2% Return on Assets means that Lojas Renner S.A generated R$0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Lojas Renner S.A:

  • The MRQ is 1.2%. Using its assets, the company is less efficient in making profit.
  • The TTM is 1.5%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ1.2%TTM1.5%-0.2%
TTM1.5%YOY0.8%+0.6%
TTM1.5%5Y2.1%-0.7%
5Y2.1%10Y2.3%-0.2%
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2%0.4%+0.8%
TTM1.5%0.6%+0.9%
YOY0.8%0.6%+0.2%
5Y2.1%0.6%+1.5%
10Y2.3%0.8%+1.5%
1.1.3. Return on Equity

Shows how efficient Lojas Renner S.A is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Lojas Renner S.A to the Department Stores industry mean.
  • 2.6% Return on Equity means Lojas Renner S.A generated R$0.03 for each R$1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Lojas Renner S.A:

  • The MRQ is 2.6%. 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 periodCompared to+/- 
MRQ2.6%TTM3.1%-0.5%
TTM3.1%YOY1.9%+1.3%
TTM3.1%5Y4.8%-1.7%
5Y4.8%10Y5.8%-1.0%
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ2.6%1.1%+1.5%
TTM3.1%1.4%+1.7%
YOY1.9%1.4%+0.5%
5Y4.8%1.1%+3.7%
10Y5.8%1.6%+4.2%

1.2. Operating Efficiency of Lojas Renner S.A.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Lojas Renner S.A is operating .

  • Measures how much profit Lojas Renner S.A makes for each R$1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Lojas Renner S.A to the Department Stores industry mean.
  • An Operating Margin of 11.5% means the company generated R$0.11  for each R$1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Lojas Renner S.A:

  • The MRQ is 11.5%. The company is operating less efficient.
  • The TTM is 13.6%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ11.5%TTM13.6%-2.1%
TTM13.6%YOY9.0%+4.5%
TTM13.6%5Y16.5%-3.0%
5Y16.5%10Y9.7%+6.8%
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ11.5%4.2%+7.3%
TTM13.6%4.3%+9.3%
YOY9.0%3.3%+5.7%
5Y16.5%3.6%+12.9%
10Y9.7%3.2%+6.5%
1.2.2. Operating Ratio

Measures how efficient Lojas Renner S.A is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Department Stores industry mean).
  • An Operation Ratio of 0.82 means that the operating costs are R$0.82 for each R$1 in net sales.

Let's take a look of the Operating Ratio trends of Lojas Renner S.A:

  • The MRQ is 0.818. The company is less efficient in keeping operating costs low.
  • The TTM is 0.786. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.818TTM0.786+0.032
TTM0.786YOY1.102-0.316
TTM0.7865Y1.069-0.283
5Y1.06910Y0.802+0.267
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8181.512-0.694
TTM0.7861.467-0.681
YOY1.1021.425-0.323
5Y1.0691.360-0.291
10Y0.8021.113-0.311

1.3. Liquidity of Lojas Renner S.A.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Lojas Renner S.A is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Department Stores industry mean).
  • A Current Ratio of 1.80 means the company has R$1.80 in assets for each R$1 in short-term debts.

Let's take a look of the Current Ratio trends of Lojas Renner S.A:

  • The MRQ is 1.805. The company is able to pay all its short-term debts. +1
  • The TTM is 1.759. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.805TTM1.759+0.046
TTM1.759YOY2.123-0.364
TTM1.7595Y1.669+0.090
5Y1.66910Y0.994+0.675
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8050.990+0.815
TTM1.7590.966+0.793
YOY2.1230.996+1.127
5Y1.6690.913+0.756
10Y0.9940.730+0.264
1.3.2. Quick Ratio

Measures if Lojas Renner S.A is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Lojas Renner S.A to the Department Stores industry mean.
  • A Quick Ratio of 1.56 means the company can pay off R$1.56 for each R$1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Lojas Renner S.A:

  • The MRQ is 1.555. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.544. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.555TTM1.544+0.012
TTM1.544YOY1.801-0.257
TTM1.5445Y1.242+0.302
5Y1.24210Y1.072+0.170
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5550.195+1.360
TTM1.5440.200+1.344
YOY1.8010.218+1.583
5Y1.2420.247+0.995
10Y1.0720.217+0.855

1.4. Solvency of Lojas Renner S.A.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Lojas Renner S.A assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Lojas Renner S.A to Department Stores industry mean.
  • A Debt to Asset Ratio of 0.53 means that Lojas Renner S.A assets are financed with 53.0% credit (debt) and the remaining percentage (100% - 53.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Lojas Renner S.A:

  • The MRQ is 0.530. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.539. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.530TTM0.539-0.009
TTM0.539YOY0.568-0.030
TTM0.5395Y0.566-0.027
5Y0.56610Y0.591-0.025
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5300.650-0.120
TTM0.5390.651-0.112
YOY0.5680.671-0.103
5Y0.5660.625-0.059
10Y0.5910.608-0.017
1.4.2. Debt to Equity Ratio

Measures if Lojas Renner S.A is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Lojas Renner S.A to the Department Stores industry mean.
  • A Debt to Equity ratio of 112.6% means that company has R$1.13 debt for each R$1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Lojas Renner S.A:

  • The MRQ is 1.126. The company is able to pay all its debts with equity. +1
  • The TTM is 1.167. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.126TTM1.167-0.041
TTM1.167YOY1.366-0.199
TTM1.1675Y1.321-0.153
5Y1.32110Y1.474-0.153
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1261.927-0.801
TTM1.1672.032-0.865
YOY1.3662.094-0.728
5Y1.3211.890-0.569
10Y1.4741.828-0.354

2. Market Valuation of Lojas Renner S.A

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every R$1 in earnings Lojas Renner S.A generates.

  • Above 15 is considered overpriced but always compare Lojas Renner S.A to the Department Stores industry mean.
  • A PE ratio of 104.98 means the investor is paying R$104.98 for every R$1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Lojas Renner S.A:

  • The EOD is 76.372. Neutral. Compare to industry.
  • The MRQ is 104.984. Seems overpriced? -1
  • The TTM is 91.395. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
EOD76.372MRQ104.984-28.611
MRQ104.984TTM91.395+13.589
TTM91.395YOY69.887+21.508
TTM91.3955Y318.564-227.170
5Y318.56410Y469.055-150.490
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
EOD76.37225.898+50.474
MRQ104.98425.076+79.908
TTM91.39531.034+60.361
YOY69.88747.770+22.117
5Y318.56444.281+274.283
10Y469.05530.330+438.725
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Lojas Renner S.A.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Lojas Renner S.A:

  • The MRQ is 146.328. Seems overpriced? -1
  • The TTM is 126.793. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ146.328TTM126.793+19.536
TTM126.793YOY257.680-130.887
TTM126.7935Y16,819.703-16,692.911
5Y16,819.70310Y9,407.029+7,412.674
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
MRQ146.3280.206+146.122
TTM126.793-0.002+126.795
YOY257.6800.130+257.550
5Y16,819.7030.142+16,819.561
10Y9,407.0290.142+9,406.887

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Lojas Renner S.A is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Department Stores industry mean).
  • A PB ratio of 2.76 means the investor is paying R$2.76 for each R$1 in book value.

Let's take a look of the Price to Book Ratio trends of Lojas Renner S.A:

  • The EOD is 2.011. Good. +1
  • The MRQ is 2.765. Good. +1
  • The TTM is 2.581. Good. +1
Trends
Current periodCompared to+/- 
EOD2.011MRQ2.765-0.754
MRQ2.765TTM2.581+0.184
TTM2.581YOY5.980-3.399
TTM2.5815Y7.422-4.841
5Y7.42210Y18.740-11.317
Compared to industry (Department Stores)
PeriodCompanyIndustry (mean)+/- 
EOD2.0111.134+0.877
MRQ2.7651.258+1.507
TTM2.5811.438+1.143
YOY5.9801.284+4.696
5Y7.4221.069+6.353
10Y18.7400.780+17.960
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Lojas Renner S.A compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.1730.335-48%0.821-79%0.353-51%0.222-22%
Book Value Growth--1.0151.008+1%1.193-15%1.071-5%1.060-4%
Book Value Per Share--10.0729.921+2%7.390+36%6.042+67%4.044+149%
Book Value Per Share Growth--1.0181.038-2%1.166-13%1.072-5%1.060-4%
Current Ratio--1.8051.759+3%2.123-15%1.669+8%0.994+82%
Debt To Asset Ratio--0.5300.539-2%0.568-7%0.566-6%0.591-10%
Debt To Equity Ratio--1.1261.167-4%1.366-18%1.321-15%1.474-24%
Dividend Per Share--0.2760.307-10%0.245+13%0.207+33%0.187+47%
Dividend Per Share Growth--0.7761.077-28%0.960-19%9.563-92%6.589-88%
Eps--0.2650.313-15%0.142+86%0.256+4%0.196+36%
Eps Growth--0.7171.437-50%2.489-71%7.186-90%4.417-84%
Free Cash Flow Per Share--0.0260.115-78%0.116-78%0.135-81%0.131-80%
Free Cash Flow Per Share Growth--0.1011.258-92%0.283-64%2.397-96%2.395-96%
Free Cash Flow To Equity Per Share---0.439-0.322-27%1.231-136%0.319-238%0.236-286%
Free Cash Flow To Equity Per Share Growth--1.504-0.424+128%2.815-47%1.087+38%1.483+1%
Gross Profit Margin---0.689-0.581-16%-0.109-84%0.462-249%0.731-194%
Intrinsic Value_10Y_max--4.500--------
Intrinsic Value_10Y_min---70.836--------
Intrinsic Value_1Y_max--0.513--------
Intrinsic Value_1Y_min---0.843--------
Intrinsic Value_3Y_max--1.493--------
Intrinsic Value_3Y_min---7.966--------
Intrinsic Value_5Y_max--2.417--------
Intrinsic Value_5Y_min---20.988--------
Net Profit Margin--0.0850.091-6%0.041+108%0.126-32%0.107-20%
Operating Margin--0.1150.136-15%0.090+27%0.165-31%0.097+18%
Operating Ratio--0.8180.786+4%1.102-26%1.069-24%0.802+2%
Pb Ratio2.011-37%2.7652.581+7%5.980-54%7.422-63%18.740-85%
Pe Ratio76.372-37%104.98491.395+15%69.887+50%318.564-67%469.055-78%
Peg Ratio--146.328126.793+15%257.680-43%16819.703-99%9407.029-98%
Price Per Share20.260-37%27.85025.603+9%41.195-32%37.622-26%45.037-38%
Price To Total Gains Ratio45.122-37%62.02672.415-14%108.280-43%-19.359+131%308.427-80%
Profit Growth--0.7161.369-48%2.513-72%7.176-90%4.413-84%
Quick Ratio--1.5551.544+1%1.801-14%1.242+25%1.072+45%
Return On Assets--0.0120.015-15%0.008+49%0.021-41%0.023-47%
Return On Equity--0.0260.031-16%0.019+39%0.048-46%0.058-55%
Revenue Growth--0.8321.093-24%1.215-32%1.125-26%1.104-25%
Total Gains Per Share--0.4490.642-30%1.066-58%0.560-20%0.409+10%
Total Gains Per Share Growth--0.9142.039-55%10.731-91%8.932-90%5.949-85%
Usd Book Value--1908227504.7001893965551.025+1%1447435910.575+32%1156192123.995+65%771557753.595+147%
Usd Book Value Change Per Share--0.0340.065-48%0.160-79%0.069-51%0.043-22%
Usd Book Value Per Share--1.9631.934+2%1.440+36%1.178+67%0.788+149%
Usd Dividend Per Share--0.0540.060-10%0.048+13%0.040+33%0.036+47%
Usd Eps--0.0520.061-15%0.028+86%0.050+4%0.038+36%
Usd Free Cash Flow--4893549.20022010203.175-78%25205637.400-81%5155514.290-5%2577757.145+90%
Usd Free Cash Flow Per Share--0.0050.022-78%0.023-78%0.026-81%0.025-80%
Usd Free Cash Flow To Equity Per Share---0.086-0.063-27%0.240-136%0.062-238%0.046-286%
Usd Price Per Share3.949-37%5.4284.990+9%8.029-32%7.332-26%8.778-38%
Usd Profit--50257303.80059720624.575-16%27835618.000+81%48584067.810+3%37112916.470+35%
Usd Revenue--588136476.800639892659.050-8%476076675.350+24%466873438.880+26%372154236.378+58%
Usd Total Gains Per Share--0.0880.125-30%0.208-58%0.109-20%0.080+10%
 EOD+3 -2MRQTTM+10 -33YOY+19 -245Y+20 -2310Y+22 -21

3.2. Fundamental Score

Let's check the fundamental score of Lojas Renner S.A based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1576.372
Price to Book Ratio (EOD)Between0-12.011
Net Profit Margin (MRQ)Greater than00.085
Operating Margin (MRQ)Greater than00.115
Quick Ratio (MRQ)Greater than11.555
Current Ratio (MRQ)Greater than11.805
Debt to Asset Ratio (MRQ)Less than10.530
Debt to Equity Ratio (MRQ)Less than11.126
Return on Equity (MRQ)Greater than0.150.026
Return on Assets (MRQ)Greater than0.050.012
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Lojas Renner S.A based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5044.268
Ma 20Greater thanMa 5020.818
Ma 50Greater thanMa 10020.862
Ma 100Greater thanMa 20024.323
OpenGreater thanClose21.320
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in BRL. All numbers in thousands.

Summary
Total Assets20,816,608
Total Liabilities11,025,805
Total Stockholder Equity9,790,803
 As reported
Total Liabilities 11,025,805
Total Stockholder Equity+ 9,790,803
Total Assets = 20,816,608

Assets

Total Assets20,816,608
Total Current Assets13,171,312
Long-term Assets13,171,312
Total Current Assets
Cash And Cash Equivalents 3,940,208
Short-term Investments 466,108
Net Receivables 6,479,976
Inventory 2,016,741
Total Current Assets  (as reported)13,171,312
Total Current Assets  (calculated)12,903,033
+/- 268,279
Long-term Assets
Property Plant Equipment 5,268,990
Goodwill 236,253
Intangible Assets 1,213,568
Other Assets 926,485
Long-term Assets  (as reported)7,645,296
Long-term Assets  (calculated)7,645,296
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities7,298,565
Long-term Liabilities3,727,240
Total Stockholder Equity9,790,803
Total Current Liabilities
Short-term Debt 2,647,232
Short Long Term Debt 1,959,497
Accounts payable 1,446,560
Other Current Liabilities 3,026,137
Total Current Liabilities  (as reported)7,298,565
Total Current Liabilities  (calculated)9,079,426
+/- 1,780,861
Long-term Liabilities
Long term Debt Total 3,552,746
Other Liabilities 174,494
Long-term Liabilities  (as reported)3,727,240
Long-term Liabilities  (calculated)3,727,240
+/-0
Total Stockholder Equity
Common Stock9,001,388
Retained Earnings 340,154
Other Stockholders Equity 449,261
Total Stockholder Equity (as reported)9,790,803
Total Stockholder Equity (calculated)9,790,803
+/-0
Other
Capital Stock9,001,388
Cash And Equivalents3,836,644
Cash and Short Term Investments 4,406,316
Common Stock Shares Outstanding 972,040
Liabilities and Stockholders Equity 20,816,608
Net Debt 2,259,770
Net Invested Capital 13,198,507
Net Tangible Assets 8,340,982
Net Working Capital 5,872,747
Short Long Term Debt Total 6,199,978



Balance Sheet

Currency in BRL. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302004-12-312003-12-312003-06-302002-12-312002-06-302001-12-312001-06-302000-12-312000-06-30
> Total Assets 
430,375
505,580
501,381
534,758
527,366
597,532
577,796
641,689
742,334
891,897
1,057,284
878,213
954,478
963,209
1,200,396
1,058,047
1,093,191
1,166,322
1,381,408
1,212,372
1,243,715
1,199,471
1,559,105
1,382,198
1,520,286
1,560,587
1,921,197
1,832,162
1,871,880
1,905,562
2,456,015
2,212,079
2,228,907
2,641,337
2,983,504
2,859,507
2,909,729
3,322,175
3,770,028
3,485,527
3,513,137
4,012,280
4,515,524
4,302,066
4,407,842
4,511,948
5,321,540
5,083,749
5,224,002
5,296,100
5,863,719
5,571,244
5,812,619
5,674,332
6,475,212
6,251,926
6,596,513
6,486,567
7,547,658
7,026,755
7,305,307
7,547,252
8,821,048
10,347,815
10,318,428
10,542,628
11,791,735
11,742,079
12,828,071
12,982,090
14,642,583
14,736,953
18,744,462
19,462,761
21,411,985
21,060,632
20,949,309
20,816,608
20,816,60820,949,30921,060,63221,411,98519,462,76118,744,46214,736,95314,642,58312,982,09012,828,07111,742,07911,791,73510,542,62810,318,42810,347,8158,821,0487,547,2527,305,3077,026,7557,547,6586,486,5676,596,5136,251,9266,475,2125,674,3325,812,6195,571,2445,863,7195,296,1005,224,0025,083,7495,321,5404,511,9484,407,8424,302,0664,515,5244,012,2803,513,1373,485,5273,770,0283,322,1752,909,7292,859,5072,983,5042,641,3372,228,9072,212,0792,456,0151,905,5621,871,8801,832,1621,921,1971,560,5871,520,2861,382,1981,559,1051,199,4711,243,7151,212,3721,381,4081,166,3221,093,1911,058,0471,200,396963,209954,478878,2131,057,284891,897742,334641,689577,796597,532527,366534,758501,381505,580430,375
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,085,477
3,890,929
4,205,998
4,010,903
4,907,941
4,360,150
4,609,391
4,779,355
5,930,335
5,573,986
5,376,263
5,524,786
6,656,209
6,598,661
7,203,646
7,265,876
8,896,766
8,217,276
12,010,484
12,473,226
13,984,780
13,818,020
13,452,844
13,171,312
13,171,31213,452,84413,818,02013,984,78012,473,22612,010,4848,217,2768,896,7667,265,8767,203,6466,598,6616,656,2095,524,7865,376,2635,573,9865,930,3354,779,3554,609,3914,360,1504,907,9414,010,9034,205,9983,890,9294,085,477000000000000000000000000000000000000000000000000000000
       Cash And Cash 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
894,881
905,490
970,338
770,949
1,059,873
788,850
757,693
555,121
944,671
702,226
810,451
763,075
1,148,053
1,356,898
1,632,342
1,216,174
1,926,478
2,263,790
4,940,478
5,276,525
5,489,417
5,312,889
4,365,617
3,940,208
3,940,2084,365,6175,312,8895,489,4175,276,5254,940,4782,263,7901,926,4781,216,1741,632,3421,356,8981,148,053763,075810,451702,226944,671555,121757,693788,8501,059,873770,949970,338905,490894,881000000000000000000000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
25,267
82,360
51,588
0
0
439,693
623,152
137,238
275,151
224,249
307,998
622,923
627,971
605,572
520,544
674,287
514,194
458,085
344,359
354,679
466,108
466,108354,679344,359458,085514,194674,287520,544605,572627,971622,923307,998224,249275,151137,238623,152439,6930051,58882,36025,267000000000000000000000000000000000000000000000000000000000
       Net Receivables 
104,949
169,903
132,873
188,656
172,551
248,530
195,673
268,734
341,217
278,672
404,644
327,876
332,432
310,937
441,636
362,710
371,258
376,447
511,916
378,216
395,511
354,135
695,442
549,730
608,664
551,818
809,249
670,707
731,002
687,622
912,358
757,266
860,344
781,411
1,052,896
902,692
1,026,803
1,016,759
1,357,753
1,166,340
1,246,651
1,245,678
1,689,504
1,412,562
1,484,772
1,503,309
2,049,306
1,731,628
1,885,113
1,801,715
2,256,345
1,865,382
2,015,454
1,841,445
2,345,112
2,048,752
2,336,587
2,188,650
2,784,531
2,357,158
2,569,354
2,535,142
3,371,510
2,703,346
2,896,784
3,300,811
4,084,357
3,012,644
2,231,722
2,678,827
3,811,668
2,686,095
4,698,719
4,812,287
6,262,270
6,015,844
6,664,875
6,479,976
6,479,9766,664,8756,015,8446,262,2704,812,2874,698,7192,686,0953,811,6682,678,8272,231,7223,012,6444,084,3573,300,8112,896,7842,703,3463,371,5102,535,1422,569,3542,357,1582,784,5312,188,6502,336,5872,048,7522,345,1121,841,4452,015,4541,865,3822,256,3451,801,7151,885,1131,731,6282,049,3061,503,3091,484,7721,412,5621,689,5041,245,6781,246,6511,166,3401,357,7531,016,7591,026,803902,6921,052,896781,411860,344757,266912,358687,622731,002670,707809,249551,818608,664549,730695,442354,135395,511378,216511,916376,447371,258362,710441,636310,937332,432327,876404,644278,672341,217268,734195,673248,530172,551188,656132,873169,903104,949
       Other Current Assets 
36,681
388
31,029
18,711
17,459
24,739
23,502
25,348
33,096
28,320
27,300
24,067
25,627
23,569
36,786
27,200
34,470
34,685
46,398
37,086
40,402
37,628
42,491
39,785
41,336
40,069
53,233
3,476
3,318
3,384
952
2,228
1,815
2,799
1,647
3,859
3,634
3,698
1,856
3,550
3,747
7,686
3,176
10,786
8,068
6,691
3,397
96,967
37,231
182,468
104,805
18,016
11,206
9,131
63,218
15,893
24,374
10,763
58,001
21,965
90,898
64,628
64,156
80,943
143,923
86,872
75,044
94,964
41,594
29,724
5,435
32,498
4,803,501
4,998,540
6,448,156
6,208,588
6,894,346
6,748,255
6,748,2556,894,3466,208,5886,448,1564,998,5404,803,50132,4985,43529,72441,59494,96475,04486,872143,92380,94364,15664,62890,89821,96558,00110,76324,37415,89363,2189,13111,20618,016104,805182,46837,23196,9673,3976,6918,06810,7863,1767,6863,7473,5501,8563,6983,6343,8591,6472,7991,8152,2289523,3843,3183,47653,23340,06941,33639,78542,49137,62840,40237,08646,39834,68534,47027,20036,78623,56925,62724,06727,30028,32033,09625,34823,50224,73917,45918,71131,02938836,681
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
4,773,829
4,942,165
5,017,842
5,135,526
5,143,418
5,624,425
5,716,214
5,745,817
6,519,677
6,733,978
6,989,535
7,427,205
7,242,612
7,496,465
7,645,296
7,645,2967,496,4657,242,6127,427,2056,989,5356,733,9786,519,6775,745,8175,716,2145,624,4255,143,4185,135,5265,017,8424,942,1654,773,829000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
116,340
120,018
123,275
126,610
125,110
129,594
141,762
150,601
162,039
177,476
201,523
209,249
232,426
244,092
241,062
240,716
252,846
254,146
283,768
289,734
305,779
324,554
358,628
350,828
356,578
354,209
357,572
356,790
360,491
359,466
412,603
414,185
453,996
473,940
599,481
633,359
671,099
745,619
846,204
843,189
865,645
936,726
1,063,348
1,101,156
1,138,162
1,204,275
1,304,065
1,320,473
1,391,883
1,475,060
1,545,704
1,559,316
1,589,602
1,603,876
1,645,069
1,636,648
1,668,458
1,716,613
1,813,627
1,822,018
1,853,263
1,910,603
1,994,449
3,895,146
3,994,335
4,041,700
4,053,671
4,020,609
3,675,497
3,831,666
3,854,298
4,417,409
4,713,172
4,793,105
5,085,047
5,023,081
5,191,469
5,268,990
5,268,9905,191,4695,023,0815,085,0474,793,1054,713,1724,417,4093,854,2983,831,6663,675,4974,020,6094,053,6714,041,7003,994,3353,895,1461,994,4491,910,6031,853,2631,822,0181,813,6271,716,6131,668,4581,636,6481,645,0691,603,8761,589,6021,559,3161,545,7041,475,0601,391,8831,320,4731,304,0651,204,2751,138,1621,101,1561,063,348936,726865,645843,189846,204745,619671,099633,359599,481473,940453,996414,185412,603359,466360,491356,790357,572354,209356,578350,828358,628324,554305,779289,734283,768254,146252,846240,716241,062244,092232,426209,249201,523177,476162,039150,601141,762129,594125,110126,610123,275120,018116,340
       Goodwill 
0
0
0
0
0
45,372
0
24,061
2,750
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
159,884
159,884
77,008
77,008
77,008
77,008
77,008
77,008
77,008
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
0
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
116,679
244,193
223,963
223,963
238,730
236,253
236,253238,730223,963223,963244,193116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,6790116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,679116,67977,00877,00877,00877,00877,00877,00877,008159,884159,884000000000000000000000002,75024,061045,37200000
       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
46
46
46
46
46
46
46
46
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000004646464646464646000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
0
45,372
0
0
0
0
0
0
0
0
39,308
39,472
38,808
39,568
51,409
48,979
47,796
49,544
50,480
46,528
43,842
41,490
46,113
43,529
41,974
41,006
66,977
67,770
235,930
247,432
204,858
209,733
226,507
235,544
256,165
256,630
258,354
308,051
322,203
313,311
340,559
350,791
368,084
361,394
371,837
386,715
420,295
420,496
470,286
472,011
500,244
495,518
501,811
501,558
526,235
538,370
565,794
465,943
518,397
516,173
565,028
596,799
667,556
679,810
758,061
797,038
823,957
813,464
829,870
876,523
983,677
997,107
1,126,689
1,213,568
1,213,5681,126,689997,107983,677876,523829,870813,464823,957797,038758,061679,810667,556596,799565,028516,173518,397465,943565,794538,370526,235501,558501,811495,518500,244472,011470,286420,496420,295386,715371,837361,394368,084350,791340,559313,311322,203308,051258,354256,630256,165235,544226,507209,733204,858247,432235,93067,77066,97741,00641,97443,52946,11341,49043,84246,52850,48049,54447,79648,97951,40939,56838,80839,47239,3080000000045,37200000
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
24,606
23,705
21,180
16,208
16,944
76,064
16,092
12,847
13,050
610,488
645,684
676,981
422,165
400,292
434,482
434,482400,292422,165676,981645,684610,48813,05012,84716,09276,06416,94416,20821,18023,70524,606000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
261,605
340,923
363,589
398,332
442,848
558,183
493,354
545,809
594,000
354,339
539,705
347,165
400,557
408,625
656,430
497,304
492,002
529,302
798,480
602,272
587,049
511,297
847,612
656,148
741,483
745,935
1,143,557
924,160
956,238
928,766
1,434,707
1,155,293
1,211,962
1,572,748
1,828,506
1,689,325
1,789,878
2,151,941
2,464,345
2,168,381
2,246,770
2,696,818
3,022,271
2,783,892
2,839,958
2,843,586
3,466,272
3,139,065
3,220,489
3,122,416
3,552,823
3,310,426
3,515,415
3,308,209
3,838,416
3,581,112
3,782,501
3,567,899
4,324,212
3,758,357
3,843,524
3,939,770
4,866,536
6,287,296
6,206,178
6,269,597
7,087,121
7,053,914
7,402,119
7,694,327
9,141,267
9,371,482
9,402,637
9,965,146
11,605,364
11,435,892
11,300,964
11,025,805
11,025,80511,300,96411,435,89211,605,3649,965,1469,402,6379,371,4829,141,2677,694,3277,402,1197,053,9147,087,1216,269,5976,206,1786,287,2964,866,5363,939,7703,843,5243,758,3574,324,2123,567,8993,782,5013,581,1123,838,4163,308,2093,515,4153,310,4263,552,8233,122,4163,220,4893,139,0653,466,2722,843,5862,839,9582,783,8923,022,2712,696,8182,246,7702,168,3812,464,3452,151,9411,789,8781,689,3251,828,5061,572,7481,211,9621,155,2931,434,707928,766956,238924,1601,143,557745,935741,483656,148847,612511,297587,049602,272798,480529,302492,002497,304656,430408,625400,557347,165539,705354,339594,000545,809493,354558,183442,848398,332363,589340,923261,605
   > Total Current Liabilities 
110,849
183,325
178,025
211,781
214,557
274,929
263,165
307,296
374,682
310,250
492,836
327,830
375,082
382,326
627,633
446,721
439,605
489,983
754,543
556,049
511,210
427,750
766,640
579,899
658,454
666,276
1,062,130
841,103
862,863
829,365
977,575
708,507
755,123
814,870
1,065,575
923,858
1,033,323
1,071,413
1,725,212
1,465,531
1,550,010
1,592,957
1,932,589
1,691,760
1,317,281
1,458,548
2,037,362
1,694,770
1,854,113
1,886,717
2,319,127
2,075,776
2,354,817
2,384,018
2,917,751
2,341,067
2,656,776
2,331,216
2,941,712
2,382,238
2,937,272
3,239,419
4,324,355
4,447,882
3,872,384
3,696,457
4,768,397
4,803,382
4,783,009
4,766,933
5,633,411
4,412,481
4,375,925
5,408,443
7,954,100
7,826,743
7,876,084
7,298,565
7,298,5657,876,0847,826,7437,954,1005,408,4434,375,9254,412,4815,633,4114,766,9334,783,0094,803,3824,768,3973,696,4573,872,3844,447,8824,324,3553,239,4192,937,2722,382,2382,941,7122,331,2162,656,7762,341,0672,917,7512,384,0182,354,8172,075,7762,319,1271,886,7171,854,1131,694,7702,037,3621,458,5481,317,2811,691,7601,932,5891,592,9571,550,0101,465,5311,725,2121,071,4131,033,323923,8581,065,575814,870755,123708,507977,575829,365862,863841,1031,062,130666,276658,454579,899766,640427,750511,210556,049754,543489,983439,605446,721627,633382,326375,082327,830492,836310,250374,682307,296263,165274,929214,557211,781178,025183,325110,849
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,875,920
2,080,317
2,148,431
392,281
490,715
480,534
810,431
860,516
1,120,763
1,871,540
1,218,087
804,586
894,018
0
0
0
0
0
1,058,031
1,563,476
2,752,074
2,978,417
2,985,410
2,647,232
2,647,2322,985,4102,978,4172,752,0741,563,4761,058,03100000894,018804,5861,218,0871,871,5401,120,763860,516810,431480,534490,715392,2812,148,4312,080,3171,875,920000000000000000000000000000000000000000000000000000000
       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
1,875,920
2,080,317
2,148,431
392,281
490,715
480,534
810,431
860,516
1,120,763
1,871,540
1,218,087
804,586
894,018
1,796,251
2,213,070
1,584,666
1,418,471
801,744
449,999
944,116
2,085,974
2,323,439
2,306,419
1,959,497
1,959,4972,306,4192,323,4392,085,974944,116449,999801,7441,418,4711,584,6662,213,0701,796,251894,018804,5861,218,0871,871,5401,120,763860,516810,431480,534490,715392,2812,148,4312,080,3171,875,920000000000000000000000000000000000000000000000000000000
       Accounts payable 
64,418
107,930
77,623
100,489
93,913
122,670
99,957
145,066
167,923
138,665
218,955
152,212
146,969
156,129
220,272
158,469
159,145
200,222
260,050
184,313
192,508
156,740
169,888
147,529
184,040
209,440
268,072
212,523
243,175
241,612
318,285
278,361
289,480
304,511
429,887
307,840
370,869
351,642
456,484
364,939
391,258
373,530
471,384
357,361
396,496
459,360
561,480
407,225
489,860
515,248
553,453
403,359
534,516
541,420
679,721
481,747
532,843
645,953
842,254
594,833
686,049
788,835
955,834
660,803
707,863
818,680
1,082,399
851,614
638,396
974,243
1,404,852
1,071,891
1,124,721
1,389,226
1,762,233
1,416,407
1,527,040
1,446,560
1,446,5601,527,0401,416,4071,762,2331,389,2261,124,7211,071,8911,404,852974,243638,396851,6141,082,399818,680707,863660,803955,834788,835686,049594,833842,254645,953532,843481,747679,721541,420534,516403,359553,453515,248489,860407,225561,480459,360396,496357,361471,384373,530391,258364,939456,484351,642370,869307,840429,887304,511289,480278,361318,285241,612243,175212,523268,072209,440184,040147,529169,888156,740192,508184,313260,050200,222159,145158,469220,272156,129146,969152,212218,955138,665167,923145,06699,957122,67093,913100,48977,623107,93064,418
       Other Current Liabilities 
44,533
66,930
51,722
33,270
72,961
83,160
90,522
110,791
148,466
83,256
210,700
83,819
134,206
132,132
313,996
187,368
174,272
160,068
372,934
260,826
183,017
141,010
278,843
182,766
198,948
178,501
411,641
246,667
215,359
199,224
379,864
287,559
320,182
275,459
463,529
352,783
359,099
368,331
598,480
411,394
355,914
390,774
725,606
572,340
498,051
514,728
916,345
689,161
641,294
644,061
1,059,085
855,761
857,775
835,025
1,241,859
977,386
1,061,339
1,120,439
1,582,619
1,261,982
807,815
930,724
1,058,314
739,045
819,158
913,878
1,455,037
1,353,832
1,182,583
1,321,941
1,531,473
1,706,824
2,193,173
2,247,059
2,923,115
3,259,329
3,065,662
3,026,137
3,026,1373,065,6623,259,3292,923,1152,247,0592,193,1731,706,8241,531,4731,321,9411,182,5831,353,8321,455,037913,878819,158739,0451,058,314930,724807,8151,261,9821,582,6191,120,4391,061,339977,3861,241,859835,025857,775855,7611,059,085644,061641,294689,161916,345514,728498,051572,340725,606390,774355,914411,394598,480368,331359,099352,783463,529275,459320,182287,559379,864199,224215,359246,667411,641178,501198,948182,766278,843141,010183,017260,826372,934160,068174,272187,368313,996132,132134,20683,819210,70083,256148,466110,79190,52283,16072,96133,27051,72266,93044,533
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,839,414
2,333,794
2,573,140
2,318,724
2,250,532
2,619,110
2,927,394
3,507,856
4,959,001
5,026,712
4,556,703
3,651,264
3,609,149
3,424,880
3,727,240
3,727,2403,424,8803,609,1493,651,2644,556,7035,026,7124,959,0013,507,8562,927,3942,619,1102,250,5322,318,7242,573,1402,333,7941,839,414000000000000000000000000000000000000000000000000000000000000000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,042,687
2,200,179
2,463,866
2,757,726
3,332,312
4,755,142
4,818,017
4,314,803
3,376,064
3,352,601
3,219,177
3,552,746
3,552,7463,219,1773,352,6013,376,0644,314,8034,818,0174,755,1423,332,3122,757,7262,463,8662,200,1792,042,687000000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
0
0
919
0
590
0
7,377
6,966
44,089
46,869
19,335
25,475
26,299
28,797
50,583
52,397
39,319
43,937
46,223
46,099
53,807
51,311
48,071
43,349
42,183
46,156
49,990
62,513
70,743
80,056
72,182
84,456
89,759
96,928
101,577
94,777
97,660
93,974
64,644
60,778
59,110
42,836
42,342
39,350
38,210
33,441
35,268
32,505
37,429
37,273
38,248
42,091
41,624
40,916
41,662
40,558
28,805
22,347
23,835
35,353
37,191
42,428
40,758
65,878
60,684
54,429
50,353
155,244
169,668
175,544
203,859
208,695
241,900
275,200
256,548
205,703
174,494
174,494205,703256,548275,200241,900208,695203,859175,544169,668155,24450,35354,42960,68465,87840,75842,42837,19135,35323,83522,34728,80540,55841,66240,91641,62442,09138,24837,27337,42932,50535,26833,44138,21039,35042,34242,83659,11060,77864,64493,97497,66094,777101,57796,92889,75984,45672,18280,05670,74362,51349,99046,15642,18343,34948,07151,31153,80746,09946,22343,93739,31952,39750,58328,79726,29925,47519,33546,86944,0896,9667,37705900919000
> Total Stockholder Equity
168,770
164,657
137,792
136,426
84,518
39,349
84,442
95,880
148,334
537,558
517,579
531,048
553,921
554,584
543,966
560,743
601,189
637,020
582,928
610,100
656,666
688,174
711,493
726,050
778,803
814,652
777,640
908,002
915,642
976,796
1,021,308
1,056,786
1,016,945
1,068,589
1,154,998
1,170,182
1,119,851
1,170,234
1,305,683
1,317,146
1,266,367
1,315,462
1,493,253
1,518,174
1,567,884
1,668,362
1,855,268
1,944,684
2,003,513
2,173,684
2,310,896
2,260,818
2,297,204
2,366,123
2,636,796
2,670,814
2,814,012
2,918,668
3,223,446
3,268,398
3,461,783
3,607,482
3,954,512
4,060,519
4,112,250
4,273,031
4,704,614
4,688,165
5,425,952
5,287,763
5,501,316
5,365,471
9,341,825
9,497,615
9,806,621
9,624,740
9,648,345
9,790,803
9,790,8039,648,3459,624,7409,806,6219,497,6159,341,8255,365,4715,501,3165,287,7635,425,9524,688,1654,704,6144,273,0314,112,2504,060,5193,954,5123,607,4823,461,7833,268,3983,223,4462,918,6682,814,0122,670,8142,636,7962,366,1232,297,2042,260,8182,310,8962,173,6842,003,5131,944,6841,855,2681,668,3621,567,8841,518,1741,493,2531,315,4621,266,3671,317,1461,305,6831,170,2341,119,8511,170,1821,154,9981,068,5891,016,9451,056,7861,021,308976,796915,642908,002777,640814,652778,803726,050711,493688,174656,666610,100582,928637,020601,189560,743543,966554,584553,921531,048517,579537,558148,33495,88084,44239,34984,518136,426137,792164,657168,770
   Common Stock
0
0
0
0
0
0
0
0
0
398,138
398,138
398,138
398,138
398,138
399,820
399,820
399,820
399,820
399,820
399,820
399,820
399,820
399,926
400,037
400,132
402,131
402,945
403,216
403,629
405,377
408,734
408,734
413,725
414,126
421,683
421,683
437,856
440,881
461,595
461,881
702,861
702,861
719,735
719,735
725,054
730,700
750,853
750,853
1,128,234
1,130,364
1,136,124
1,136,124
1,160,305
1,170,192
1,178,368
1,178,368
2,534,081
2,553,723
2,556,896
2,556,896
2,600,047
2,614,480
2,637,473
2,637,473
3,774,294
3,790,628
3,795,634
3,795,634
3,795,901
3,797,161
3,805,326
3,805,326
7,742,170
7,792,835
8,978,349
8,978,349
8,987,760
9,001,388
9,001,3888,987,7608,978,3498,978,3497,792,8357,742,1703,805,3263,805,3263,797,1613,795,9013,795,6343,795,6343,790,6283,774,2942,637,4732,637,4732,614,4802,600,0472,556,8962,556,8962,553,7232,534,0811,178,3681,178,3681,170,1921,160,3051,136,1241,136,1241,130,3641,128,234750,853750,853730,700725,054719,735719,735702,861702,861461,881461,595440,881437,856421,683421,683414,126413,725408,734408,734405,377403,629403,216402,945402,131400,132400,037399,926399,820399,820399,820399,820399,820399,820399,820399,820398,138398,138398,138398,138398,138000000000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000-108,620-108,620-108,620-110,450-119,461-119,461-119,461-119,461-35,549000-44,536-44,536-44,845-27,857-27,857-27,857-27,857-27,857-19,021-10,140-10,140-10,140-6,01600000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
260,464
284,352
81,016
75,805
98,385
104,988
146,086
139,877
126,241
128,435
54,008
71,554
61,741
108,203
91,986
93,978
26,905
89,465
1,700,300
1,747,941
828,272
596,198
409,013
449,261
449,261409,013596,198828,2721,747,9411,700,30089,46526,90593,97891,986108,20361,74171,55454,008128,435126,241139,877146,086104,98898,38575,80581,016284,352260,464000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in BRL. All numbers in thousands.