Lululemon Athletica Inc.
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Penke I guess you are interested in Lululemon Athletica Inc.. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Lululemon Athletica Inc.. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Lululemon Athletica Inc. (30 sec.)

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

How much money do you get?

$0.08

When do you have the money?

1 year

How often do you get paid?

7.5%

What is your share worth?

Current worth

$33.43

Expected worth in 1 year

$42.23

How sure are you?

75.0%

+ What do you gain per year?

Total Gains per Share

$8.88

Return On Investment

2.4%

For what price can you sell your share?

Current Price per Share

$364.68

Expected price per share

$328.16 - $443.52

How sure are you?

50%

1. Valuation of Lululemon Athletica Inc. (5 min.)

Live pricePrice per Share (EOD)

$364.68

Book Value per Share

$33.43

Intrinsic Value Per Share

$146.62 - $306.16

Total Value Per Share

$180.06 - $339.59

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($1.03) 3Y: ($1.93) TTM: ($3.24)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.21) 3Y: ($0.36) TTM: ($0.68)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$5.94	$11.07	$7.42 - $13.43
2	$14.57	$27.25	$10.73 - $19.12
3	$25.54	$48.21	$14.05 - $24.80
4	$38.58	$73.68	$17.36 - $30.49
5	$53.41	$103.37	$20.67 - $36.18
6	$69.79	$137.01	$23.99 - $41.87
7	$87.49	$174.34	$27.30 - $47.56
8	$106.32	$215.14	$30.61 - $53.25
9	$126.09	$259.15	$33.92 - $58.94
10	$146.62	$306.16	$37.24 - $64.62

2. Growth of Lululemon Athletica Inc. (5 min.)

Is Lululemon Athletica Inc. growing?

	Current year	Previous year	Grow	Grow %
How rich?	$4.2b	$2.9b	$724.4m	19.8%

How much money is Lululemon Athletica Inc. making?

	Current year	Previous year	Grow	Grow %
Making money	$387.5m	$213.7m	$173.8m	44.9%
Net Profit Margin	15.5%	11.3%	-	-

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

Quarterly Yearly

3. Financial Health of Lululemon Athletica Inc. (5 min.)

4. Comparing to competitors in the Apparel Retail industry (5 min.)

Industry Rankings (Apparel Retail)

Richest
#5 / 89

Most Revenue
#8 / 89

Most Profit
#6 / 89

Most Efficient
#6 / 89

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

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

What can you expect buying and holding a share of Lululemon Athletica Inc.?

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

Speculation

The Price per Share of Lululemon Athletica Inc. is $364.68. 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 Lululemon Athletica Inc..
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

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

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $33.43. Based on the TTM, the Book Value Change Per Share is $2.20 per quarter. Based on the YOY, the Book Value Change Per Share is $0.87 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 $0.02 per quarter.

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

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	5.29	1.5%	3.05	0.8%	2.00	0.5%	1.86	0.5%	1.21	0.3%
Usd Book Value Change Per Share	5.62	1.5%	2.20	0.6%	0.87	0.2%	1.13	0.3%	0.65	0.2%
Usd Dividend Per Share	0.00	0.0%	0.02	0.0%	0.05	0.0%	0.01	0.0%	0.01	0.0%
Usd Total Gains Per Share	5.62	1.5%	2.22	0.6%	0.92	0.3%	1.14	0.3%	0.65	0.2%
Usd Price Per Share	453.82	-	401.44	-	325.27	-	322.51	-	197.75	-
Price to Earnings Ratio	21.45	-	37.15	-	42.30	-	61.72	-	50.11	-
Price-to-Total Gains Ratio	80.75	-	2,199.42	-	-41.63	-	106.06	-	278.75	-
Price to Book Ratio	13.57	-	13.99	-	14.32	-	16.36	-	12.12	-
Price-to-Total Gains Ratio	80.75	-	2,199.42	-	-41.63	-	106.06	-	278.75	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	364.68
Number of shares	2

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.02	0.01
Usd Book Value Change Per Share	2.20	1.13
Usd Total Gains Per Share	2.22	1.14
Gains per Quarter (2 shares)	4.44	2.28
Gains per Year (2 shares)	17.75	9.11

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	0	18	8	0	9	-1
2	0	35	26	0	18	8
3	0	53	44	0	27	17
4	1	70	62	0	36	26
5	1	88	80	1	45	35
6	1	106	98	1	54	44
7	1	123	116	1	63	53
8	1	141	134	1	72	62
9	1	158	152	1	81	71
10	2	176	170	1	90	80

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%	68.0	0.0	0.0	100.0%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	16.0	4.0	0.0	80.0%	30.0	10.0	0.0	75.0%	58.0	10.0	0.0	85.3%
Dividend per Share	2.0	0.0	2.0	50.0%	3.0	0.0	9.0	25.0%	3.0	0.0	17.0	15.0%	3.0	0.0	37.0	7.5%	3.0	0.0	65.0	4.4%
Total Gains per Share	4.0	0.0	0.0	100.0%	10.0	2.0	0.0	83.3%	16.0	4.0	0.0	80.0%	30.0	10.0	0.0	75.0%	58.0	10.0	0.0	85.3%

Fundamentals of Lululemon Athletica Inc.

About Lululemon Athletica Inc.

https://corporate.lululemon.com
Apparel Retail
38000
1818 Cornwall Avenue, Vancouver, BC, Canada, V6J 1C7
Google Maps Bing Maps

Lululemon Athletica Inc., together with its subsidiaries, designs, distributes, and retails athletic apparel, footwear, and accessories under the lululemon brand for women and men. It offers pants, shorts, tops, and jackets for healthy lifestyle, such as yoga, running, training, and other activities. It also provides fitness-inspired accessories. The company sells its products through a chain of company-operated stores; outlets; interactive workout platform; yoga and fitness studios, university campus retailers, and other partners; license and supply arrangements; and temporary locations, as well as through mobile apps and lululemon.com e-commerce website. It has operations in the United States, Canada, Mainland China, Australia, South Korea, Hong Kong, Japan, New Zealand, Taiwan, Singapore, Malaysia, Macau, Thailand, the Asia Pacific, the United Kingdom, Germany, France, Ireland, Spain, the Netherlands, Sweden, Norway, Switzerland, Europe, the Middle East, and Africa. Lululemon Athletica Inc. was founded in 1998 and is based in Vancouver, Canada.

Fundamental data was last updated by Penke on 2024-04-11 13:50:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Lululemon Athletica Inc..

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Lululemon Athletica Inc. earns for each $1 of revenue.

Above 10% is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail industry mean.
A Net Profit Margin of 20.9% means that $0.21 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Lululemon Athletica Inc.:

The MRQ is 20.9%. The company is making a huge profit. +2
The TTM is 15.5%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	20.9%	TTM	15.5%	+5.4%
TTM	15.5%	YOY	11.3%	+4.2%
TTM	15.5%	5Y	13.7%	+1.8%
5Y	13.7%	10Y	12.9%	+0.8%

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
MRQ	20.9%	3.5%	+17.4%
TTM	15.5%	3.2%	+12.3%
YOY	11.3%	4.3%	+7.0%
5Y	13.7%	0.9%	+12.8%
10Y	12.9%	2.0%	+10.9%

Measures how much net profit Lululemon Athletica Inc. earns for each $1 of revenue.

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

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

The net profit margin looks at how much net profit Lululemon Athletica Inc. earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail industry mean.
Can be used to compare companies within the Apparel Retail industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Lululemon Athletica Inc.. If profit margins remain low (compared to the Apparel Retail 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 Lululemon Athletica Inc. is 0.21. This means that Lululemon Athletica Inc. earned $0.21 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 Apparel Retail industry is 3.5%.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate net profit margin

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

Real example of Lululemon Athletica Inc.

You need the following data to determine net profit margin:

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

Net income MRQ Lululemon Athletica Inc. = 669,468
Total revenue MRQ Lululemon Athletica Inc. = 3,205,103
$669,468 / $3,205,103 = 0.21 or 20.9%

Higher is better

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

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

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

1.1.2. Return on Assets

Shows how efficient Lululemon Athletica Inc. is using its assets to generate profit.

Above 5% is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail industry mean.
9.4% Return on Assets means that Lululemon Athletica Inc. generated $0.09 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Lululemon Athletica Inc.:

The MRQ is 9.4%. Using its assets, the company is efficient in making profit. +1
The TTM is 6.1%. Using its assets, the company is efficient in making profit. +1

Trends

Current period		Compared to		+/-
MRQ	9.4%	TTM	6.1%	+3.3%
TTM	6.1%	YOY	4.2%	+1.9%
TTM	6.1%	5Y	5.0%	+1.1%
5Y	5.0%	10Y	4.9%	+0.1%

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
MRQ	9.4%	1.3%	+8.1%
TTM	6.1%	0.9%	+5.2%
YOY	4.2%	1.6%	+2.6%
5Y	5.0%	0.9%	+4.1%
10Y	4.9%	1.5%	+3.4%

Shows how efficient Lululemon Athletica Inc. is using its assets to generate profit.

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

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail 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 Lululemon Athletica Inc. is using its resources to generate profit. If the return on assets (9.4%) from Lululemon Athletica Inc. are higher than the Apparel Retail mean (1.3%) that means Lululemon Athletica Inc. is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Lululemon Athletica Inc. is 9.4%. This means the company generated $0.09 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Apparel Retail industry is 1.3%.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on assets

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

Real example Lululemon Athletica Inc.

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

Income statement
Balance sheet

Net income MRQ (income statement) from Lululemon Athletica Inc. = 669,468
Total assets MRQ (balance sheet) from Lululemon Athletica Inc. = 7,091,941
669,468 / 7,091,941 = 0.09 or 9.4%

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

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

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

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

1.1.3. Return on Equity

Shows how efficient Lululemon Athletica Inc. is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail industry mean.
15.8% Return on Equity means Lululemon Athletica Inc. generated $0.16 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Lululemon Athletica Inc.:

The MRQ is 15.8%. Using its investors money, the company is efficient in making profit. +1
The TTM is 10.3%. Using its investors money, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	15.8%	TTM	10.3%	+5.5%
TTM	10.3%	YOY	7.4%	+3.0%
TTM	10.3%	5Y	8.5%	+1.8%
5Y	8.5%	10Y	7.3%	+1.2%

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
MRQ	15.8%	4.4%	+11.4%
TTM	10.3%	2.5%	+7.8%
YOY	7.4%	4.6%	+2.8%
5Y	8.5%	2.1%	+6.4%
10Y	7.3%	3.0%	+4.3%

Shows how efficient Lululemon Athletica Inc. is using its investors money to generate profit.

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

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail 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 Apparel Retail 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 Lululemon Athletica Inc. is 15.8%. This means Lululemon Athletica Inc. generated $0.16 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Apparel Retail industry is 4.4%.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if Lululemon Athletica Inc. existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate return on equity

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

Real example of Lululemon Athletica Inc.

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Lululemon Athletica Inc. = 669,468
Shareholders equity (balance sheet) MRQ Lululemon Athletica Inc. = 4,232,081
669,468 / 4,232,081 = 0.16 or 15.8%

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 Lululemon Athletica Inc..

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Lululemon Athletica Inc. is operating .

Measures how much profit Lululemon Athletica Inc. makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail industry mean.
An Operating Margin of 29.4% means the company generated $0.29 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Lululemon Athletica Inc.:

The MRQ is 29.4%. The company is operating very efficient. +2
The TTM is 23.3%. The company is operating efficient. +1

Trends

Current period		Compared to		+/-
MRQ	29.4%	TTM	23.3%	+6.1%
TTM	23.3%	YOY	24.1%	-0.8%
TTM	23.3%	5Y	21.0%	+2.3%
5Y	21.0%	10Y	19.4%	+1.6%

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
MRQ	29.4%	6.2%	+23.2%
TTM	23.3%	3.4%	+19.9%
YOY	24.1%	5.0%	+19.1%
5Y	21.0%	2.8%	+18.2%
10Y	19.4%	3.5%	+15.9%

Measures how efficient Lululemon Athletica Inc. is operating .

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

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail 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 Lululemon Athletica Inc. is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Lululemon Athletica Inc. is 29.4%. This means that Lululemon Athletica Inc. earned $0.29 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Apparel Retail industry is 6.2%.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Lululemon Athletica Inc.

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Lululemon Athletica Inc. = 941,361
Total revenue MRQ Lululemon Athletica Inc. = 3,205,103
$941,361 / $3,205,103 = 0.29 or 29.4%

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 Lululemon Athletica Inc. is keeping operating costs low.

Below 1 is considered healthy (always compare to Apparel Retail industry mean).
An Operation Ratio of 0.71 means that the operating costs are $0.71 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Lululemon Athletica Inc.:

The MRQ is 0.706. The company is efficient in keeping operating costs low. +1
The TTM is 0.775. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.706	TTM	0.775	-0.069
TTM	0.775	YOY	0.795	-0.019
TTM	0.775	5Y	0.797	-0.021
5Y	0.797	10Y	0.806	-0.010

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
MRQ	0.706	1.071	-0.365
TTM	0.775	1.050	-0.275
YOY	0.795	0.993	-0.198
5Y	0.797	1.035	-0.238
10Y	0.806	1.010	-0.204

Measures how efficient Lululemon Athletica Inc. is keeping operating costs low.

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

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail 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 Lululemon Athletica Inc. is 70.6%. This means that Lululemon Athletica Inc. earned $0.71 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 Apparel Retail industry is 1.07.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Lululemon Athletica Inc.

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(1,301,678 +962,064) \ 3,205,103 = 0.71

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 Lululemon Athletica Inc..

1.3. Liquidity

1.3.1. Current Ratio

Measures if Lululemon Athletica Inc. is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Apparel Retail industry mean).
A Current Ratio of 2.49 means the company has $2.49 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Lululemon Athletica Inc.:

The MRQ is 2.489. The company is able to pay all its short-term debts. +1
The TTM is 2.410. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	2.489	TTM	2.410	+0.079
TTM	2.410	YOY	1.999	+0.411
TTM	2.410	5Y	2.281	+0.129
5Y	2.281	10Y	3.785	-1.504

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
MRQ	2.489	1.672	+0.817
TTM	2.410	1.647	+0.763
YOY	1.999	1.683	+0.316
5Y	2.281	1.705	+0.576
10Y	3.785	1.826	+1.959

Measures if Lululemon Athletica Inc. is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Apparel Retail 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 Lululemon Athletica Inc. if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Lululemon Athletica Inc. is 2.49. This means Lululemon Athletica Inc. has $2.49 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Apparel Retail industry is 1.67.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Lululemon Athletica Inc.

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
4,060,577 \ 1,631,261) = 2.49

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

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

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

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

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

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

1.3.2. Quick Ratio

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

Above 1 is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail industry mean.
A Quick Ratio of 1.45 means the company can pay off $1.45 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Lululemon Athletica Inc.:

The MRQ is 1.452. The company is able to pay all its short-term debts with the most liquid assets. +1
The TTM is 1.051. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.452	TTM	1.051	+0.401
TTM	1.051	YOY	0.607	+0.444
TTM	1.051	5Y	1.034	+0.017
5Y	1.034	10Y	2.210	-1.176

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
MRQ	1.452	0.563	+0.889
TTM	1.051	0.567	+0.484
YOY	0.607	0.551	+0.056
5Y	1.034	0.660	+0.374
10Y	2.210	0.726	+1.484

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

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail 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 Lululemon Athletica Inc. can pay off its short term debts. This shows if Lululemon Athletica Inc. can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Lululemon Athletica Inc. is 1.45. This means that Lululemon Athletica Inc. can pay off $1.45 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Apparel Retail industry is 0.56.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate quick ratio

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

Real life example Lululemon Athletica Inc.

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Lululemon Athletica Inc.: (2,243,971 + 8 +124,769) / 1,631,261 = 1.45

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 Lululemon Athletica Inc..

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Lululemon Athletica Inc. assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Lululemon Athletica Inc. to Apparel Retail industry mean.
A Debt to Asset Ratio of 0.40 means that Lululemon Athletica Inc. assets are financed with 40.3% credit (debt) and the remaining percentage (100% - 40.3%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Lululemon Athletica Inc.:

The MRQ is 0.403. The company is very able to pay all its debts by selling its assets. +2
The TTM is 0.408. The company is very able to pay all its debts by selling its assets. +2

Trends

Current period		Compared to		+/-
MRQ	0.403	TTM	0.408	-0.005
TTM	0.408	YOY	0.429	-0.021
TTM	0.408	5Y	0.418	-0.010
5Y	0.418	10Y	0.304	+0.114

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
MRQ	0.403	0.575	-0.172
TTM	0.408	0.575	-0.167
YOY	0.429	0.568	-0.139
5Y	0.418	0.568	-0.150
10Y	0.304	0.506	-0.202

Measures how much % of Lululemon Athletica Inc. assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Lululemon Athletica Inc. to Apparel Retail 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 Lululemon Athletica Inc. is 0.40. This means means that Lululemon Athletica Inc. is financed with 40.3% 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 Apparel Retail industry is 167.2%.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Lululemon Athletica Inc.

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,859,860 \ 7,091,941 = 40.3% or 0.40.

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 Lululemon Athletica Inc. is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Lululemon Athletica Inc. to the Apparel Retail industry mean.
A Debt to Equity ratio of 67.6% means that company has $0.68 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Lululemon Athletica Inc.:

The MRQ is 0.676. The company is very able to pay all its debts with equity. +2
The TTM is 0.689. The company is very able to pay all its debts with equity. +2

Trends

Current period		Compared to		+/-
MRQ	0.676	TTM	0.689	-0.014
TTM	0.689	YOY	0.753	-0.063
TTM	0.689	5Y	0.719	-0.030
5Y	0.719	10Y	0.480	+0.239

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
MRQ	0.676	1.237	-0.561
TTM	0.689	1.330	-0.641
YOY	0.753	1.248	-0.495
5Y	0.719	1.347	-0.628
10Y	0.480	1.140	-0.660

Measures if Lululemon Athletica Inc. is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

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

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

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

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Lululemon Athletica Inc. is 0.68. This means that Lululemon Athletica Inc. can pay off $0.68 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Apparel Retail industry is 1.24.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Lululemon Athletica Inc.

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,859,860 \ 4,232,081 = 0.68 or 67.6%

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 Lululemon Athletica Inc.

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Lululemon Athletica Inc. generates.

Above 15 is considered overpriced but always compare Lululemon Athletica Inc. to the Apparel Retail industry mean.
A PE ratio of 21.45 means the investor is paying $21.45 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Lululemon Athletica Inc.:

The EOD is 17.239. Based on the earnings, the company is fair priced.
The MRQ is 21.452. Based on the earnings, the company is fair priced.
The TTM is 37.147. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	17.239	MRQ	21.452	-4.214
MRQ	21.452	TTM	37.147	-15.695
TTM	37.147	YOY	42.299	-5.152
TTM	37.147	5Y	61.720	-24.573
5Y	61.720	10Y	50.107	+11.613

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
EOD	17.239	4.685	+12.554
MRQ	21.452	5.775	+15.677
TTM	37.147	7.143	+30.004
YOY	42.299	8.474	+33.825
5Y	61.720	7.255	+54.465
10Y	50.107	9.677	+40.430

Measures how much money you pay for each share for every $1 in earnings Lululemon Athletica Inc. generates.

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

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Lululemon Athletica Inc. to the Apparel Retail 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 Lululemon Athletica Inc. is 21.45. This means the investor is paying $21.45 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Apparel Retail industry is 5.78.
What is the trend?
The trend is important because it shows you how Lululemon Athletica Inc. is performing over time. The most recent quarter might be important if Lululemon Athletica Inc. released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Lululemon Athletica Inc. up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

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

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Lululemon Athletica Inc.

You need the following data to determine the PE ratio:

Balance sheet
Income statement

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

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 126,584 = EPS
PE ratio MRQ = 21.45

* 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 Lululemon Athletica Inc.:

The EOD is 9.800. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 12.196. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is -7.265. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	9.800	MRQ	12.196	-2.396
MRQ	12.196	TTM	-7.265	+19.461
TTM	-7.265	YOY	-81.780	+74.515
TTM	-7.265	5Y	-3.467	-3.799
5Y	-3.467	10Y	-29.172	+25.706

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
EOD	9.800	4.045	+5.755
MRQ	12.196	3.772	+8.424
TTM	-7.265	2.254	-9.519
YOY	-81.780	0.882	-82.662
5Y	-3.467	1.573	-5.040
10Y	-29.172	2.465	-31.637

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Apparel Retail industry mean).
A PB ratio of 13.57 means the investor is paying $13.57 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Lululemon Athletica Inc.:

The EOD is 10.908. Based on the equity, the company is expensive. -2
The MRQ is 13.574. Based on the equity, the company is expensive. -2
The TTM is 13.990. Based on the equity, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	10.908	MRQ	13.574	-2.666
MRQ	13.574	TTM	13.990	-0.416
TTM	13.990	YOY	14.319	-0.329
TTM	13.990	5Y	16.358	-2.368
5Y	16.358	10Y	12.120	+4.238

Compared to industry (Apparel Retail)

Period	Company	Industry (mean)	+/-
EOD	10.908	1.322	+9.586
MRQ	13.574	1.363	+12.211
TTM	13.990	1.414	+12.576
YOY	14.319	1.812	+12.507
5Y	16.358	1.917	+14.441
10Y	12.120	1.926	+10.194

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Lululemon Athletica Inc.

Institutions are holding 93.274% of the shares of Lululemon Athletica Inc..

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-09-30	FMR Inc	14.4335	0.607	18213785	-116819	-0.6373
2023-09-30	BlackRock Inc	6.1701	0.0863	7786107	196590	2.5903
2023-09-30	Vanguard Group Inc	5.8038	0.0694	7323850	38432	0.5275
2023-12-31	Jennison Associates LLC	3.1188	1.4996	3935596	-837482	-17.546
2023-09-30	Edgewood Management LLC	2.4208	3.85	3054830	-94644	-3.0051
2023-09-30	State Street Corporation	2.1119	0.057	2665077	29564	1.1218
2023-09-30	T. Rowe Price Associates, Inc.	1.99	0.1419	2511158	-90113	-3.4642
2023-09-30	AllianceBernstein L.P.	1.7126	0.3545	2161154	1067591	97.625
2023-09-30	Morgan Stanley - Brokerage Accounts	1.5331	0.0759	1934683	437069	29.1844
2023-09-30	Schroder Investment Management Group	1.478	1.07	1865091	310347	19.9613
2023-09-30	Capital World Investors	1.2154	0.1172	1533681	219992	16.7461
2023-09-30	Geode Capital Management, LLC	1.1021	0.0638	1390686	28302	2.0774
2023-09-30	American Century Companies Inc	1.0887	0.4087	1373814	137454	11.1176
2023-09-30	Wellington Management Company LLP	1.0612	0.1034	1339078	52348	4.0683
2023-09-30	Artisan Partners Limited Partnership	1.0249	0.8463	1293379	-63045	-4.6479
2023-12-31	Massachusetts Financial Services Company	0.8375	0.1745	1056787	-7574	-0.7116
2023-09-30	JPMorgan Chase & Co	0.7874	0.0423	993624	-12133	-1.2064
2023-09-30	Pictet Asset Manangement SA	0.7046	0.423	889196	889196	0
2023-09-30	Winslow Capital Management, LLC	0.7018	1.6248	885549	139637	18.7203
2023-09-30	Bank of New York Mellon Corp	0.691	0.0739	872033	132069	17.848
Total		49.9872	11.6895	63079158	+2456781	+3.9%

3.2. Funds holding Lululemon Athletica Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-02-29	Performer (AFRIS)	11.0295	0.0177	13898116	13898116	0
2024-02-29	Fidelity Growth Compy Commingled Pl O	5.0139	3.7621	6317908	0	0
2024-02-29	Fidelity Growth Company Fund	3.6387	3.5893	4585106	0	0
2024-02-29	Vanguard Total Stock Mkt Idx Inv	2.87	0.109	3616471	-7803	-0.2153
2024-02-29	Vanguard Institutional 500 Index Trust	2.282	0.1256	2875545	30119	1.0585
2024-03-28	Invesco QQQ Trust	1.801	0.3415	2269465	2716	0.1198
2023-12-31	Edgewood Growth Instl	1.25	4.3416	1575080	425	0.027
2024-02-29	Fidelity Growth Company K6	1.2167	3.8945	1533183	-25000	-1.6044
2024-02-29	Fidelity Blue Chip Growth	1.1282	1.1301	1421684	20889	1.4912
2024-03-28	SPDR® S&P 500 ETF Trust	1.1104	0.1017	1399135	8160	0.5866
2024-02-29	Fidelity 500 Index	1.096	0.1252	1381073	13897	1.0165
2024-02-29	Fidelity Series Growth Company	1.0418	3.8821	1312758	-20000	-1.5006
2024-03-28	iShares Core S&P 500 ETF	0.9445	0.1015	1190150	8704	0.7367
2024-03-28	iShares MSCI USA Quality Factor ETF	0.9242	1.0632	1164592	223	0.0192
2024-02-29	Vanguard Growth Index Investor	0.851	0.2254	1072381	9556	0.8991
2024-02-29	AF High Growth (AFRIS)	0.8384	0.0183	1056430	1056430	0
2023-12-31	American Century Ultra® Inv	0.8079	2.4484	1018000	34000	3.4553
2023-12-31	American Century US Premier Lg Cp Gr	0.8079	2.4484	1018000	34000	3.4553
2024-02-29	Fidelity OTC	0.7655	1.5818	964565	0	0
2024-01-31	AllianceBernstein US L/C Growth Eqty MF	0.739	1.772	931200	8690	0.942
Total		40.1566	31.0794	50600842	+15073122	+29.8%

3.3. Insider Transactions

Insiders are holding 4.871% of the shares of Lululemon Athletica Inc..

Date	Owner	Type	Amount	Price
2024-03-26	Martha A M Morfitt	BUY	700	389.29
2023-12-18	Calvin Mcdonald	SELL	25000	497.5
2023-12-18	Meghan Frank	SELL	1553	500
2023-12-18	Nicole Neuburger	SELL	705	500
2023-12-14	Celeste Burgoyne	SELL	15400	494.64
2023-09-06	Michelle Sun Choe	SELL	27981	401

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Lululemon Athletica Inc. compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	5.620	2.199	+156%	0.870	+546%	1.126	+399%	0.648	+767%
Book Value Per Share	-	-	33.433	28.757	+16%	22.879	+46%	20.179	+66%	14.652	+128%
Current Ratio	-	-	2.489	2.410	+3%	1.999	+25%	2.281	+9%	3.785	-34%
Debt To Asset Ratio	-	-	0.403	0.408	-1%	0.429	-6%	0.418	-3%	0.304	+33%
Debt To Equity Ratio	-	-	0.676	0.689	-2%	0.753	-10%	0.719	-6%	0.480	+41%
Dividend Per Share	-	-	-	0.021	-100%	0.047	-100%	0.013	-100%	0.007	-100%
Eps	-	-	5.289	3.053	+73%	2.003	+164%	1.858	+185%	1.211	+337%
Free Cash Flow Per Share	-	-	9.303	3.245	+187%	0.645	+1342%	1.528	+509%	1.027	+806%
Free Cash Flow To Equity Per Share	-	-	9.001	2.165	+316%	-0.266	+103%	0.706	+1174%	0.409	+2102%
Gross Profit Margin	-	-	1.000	1.000	0%	0.314	+218%	0.863	+16%	0.931	+7%
Intrinsic Value_10Y_max	-	-	306.156	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	146.623	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	11.074	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	5.944	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	48.214	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	25.543	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	103.368	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	53.412	-	-	-	-	-	-	-	-
Market Cap	44086894560.000	-30%	57446350880.000	50996930100.000	+13%	41644589362.500	+38%	41673230495.000	+38%	25847668284.000	+122%
Net Profit Margin	-	-	0.209	0.155	+34%	0.113	+84%	0.137	+52%	0.129	+62%
Operating Margin	-	-	0.294	0.233	+26%	0.241	+22%	0.210	+40%	0.194	+52%
Operating Ratio	-	-	0.706	0.775	-9%	0.795	-11%	0.797	-11%	0.806	-12%
Pb Ratio	10.908	-24%	13.574	13.990	-3%	14.319	-5%	16.358	-17%	12.120	+12%
Pe Ratio	17.239	-24%	21.452	37.147	-42%	42.299	-49%	61.720	-65%	50.107	-57%
Price Per Share	364.680	-24%	453.820	401.440	+13%	325.265	+40%	322.509	+41%	197.745	+129%
Price To Free Cash Flow Ratio	9.800	-24%	12.196	-7.265	+160%	-81.780	+771%	-3.467	+128%	-29.172	+339%
Price To Total Gains Ratio	64.889	-24%	80.751	2199.422	-96%	-41.633	+152%	106.057	-24%	278.748	-71%
Quick Ratio	-	-	1.452	1.051	+38%	0.607	+139%	1.034	+40%	2.210	-34%
Return On Assets	-	-	0.094	0.061	+54%	0.042	+124%	0.050	+90%	0.049	+92%
Return On Equity	-	-	0.158	0.103	+53%	0.074	+115%	0.085	+85%	0.073	+116%
Total Gains Per Share	-	-	5.620	2.219	+153%	0.917	+513%	1.139	+393%	0.655	+758%
Usd Book Value	-	-	4232081000.000	3652872000.000	+16%	2928462750.000	+45%	2603416100.000	+63%	1931397525.000	+119%
Usd Book Value Change Per Share	-	-	5.620	2.199	+156%	0.870	+546%	1.126	+399%	0.648	+767%
Usd Book Value Per Share	-	-	33.433	28.757	+16%	22.879	+46%	20.179	+66%	14.652	+128%
Usd Dividend Per Share	-	-	-	0.021	-100%	0.047	-100%	0.013	-100%	0.007	-100%
Usd Eps	-	-	5.289	3.053	+73%	2.003	+164%	1.858	+185%	1.211	+337%
Usd Free Cash Flow	-	-	1177586000.000	411074750.000	+186%	81951500.000	+1337%	196354450.000	+500%	134027775.000	+779%
Usd Free Cash Flow Per Share	-	-	9.303	3.245	+187%	0.645	+1342%	1.528	+509%	1.027	+806%
Usd Free Cash Flow To Equity Per Share	-	-	9.001	2.165	+316%	-0.266	+103%	0.706	+1174%	0.409	+2102%
Usd Market Cap	44086894560.000	-30%	57446350880.000	50996930100.000	+13%	41644589362.500	+38%	41673230495.000	+38%	25847668284.000	+122%
Usd Price Per Share	364.680	-24%	453.820	401.440	+13%	325.265	+40%	322.509	+41%	197.745	+129%
Usd Profit	-	-	669468000.000	387547500.000	+73%	213700000.000	+213%	230741050.000	+190%	154143625.000	+334%
Usd Revenue	-	-	3205103000.000	2404819500.000	+33%	2027629500.000	+58%	1618379450.000	+98%	1112680425.000	+188%
Usd Total Gains Per Share	-	-	5.620	2.219	+153%	0.917	+513%	1.139	+393%	0.655	+758%
	EOD	+4 -4	MRQ	TTM	+30 -5	YOY	+32 -4	5Y	+31 -5	10Y	+26 -10

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	17.239
Price to Book Ratio (EOD)	Between	0-1	10.908
Net Profit Margin (MRQ)	Greater than	0	0.209
Operating Margin (MRQ)	Greater than	0	0.294
Quick Ratio (MRQ)	Greater than	1	1.452
Current Ratio (MRQ)	Greater than	1	2.489
Debt to Asset Ratio (MRQ)	Less than	1	0.403
Debt to Equity Ratio (MRQ)	Less than	1	0.676
Return on Equity (MRQ)	Greater than	0.15	0.158
Return on Assets (MRQ)	Greater than	0.05	0.094
Total			8/10 (80.0%)

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4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	41.475
Ma 20	Greater than	Ma 50	360.928
Ma 50	Greater than	Ma 100	417.812
Ma 100	Greater than	Ma 200	449.967
Open	Greater than	Close	362.170
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Latest Balance Sheet

Balance Sheet of 2024-01-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	7,091,941
Total Liabilities	2,859,860
Total Stockholder Equity	4,232,081

	As reported
Total Liabilities	2,859,860
Total Stockholder Equity	+ 4,232,081
Total Assets	= 7,091,941

Assets

Total Assets	7,091,941
Total Current Assets	4,060,577
Long-term Assets	3,031,364

Total Current Assets

Total Current Assets (as reported)	4,060,577
Cash And Cash Equivalents	2,243,963
Short-term Investments	8
Net Receivables	124,769
Inventory	1,323,602
Other Current Assets	368,235
Total Current Assets (calculated)	4,060,577
+/-	0

Long-term Assets

Long-term Assets (as reported)	3,031,364
Property Plant Equipment	2,811,421
Goodwill	24,083
Long-term Assets Other	186,684
Long-term Assets (calculated)	3,022,188
+/-	9,176

Liabilities & Shareholders' Equity

Total Current Liabilities	1,631,261
Long-term Liabilities	1,228,599
Total Stockholder Equity	4,232,081

Total Current Liabilities

Total Current Liabilities (as reported)	1,631,261
Short-term Debt	249,270
Accounts payable	348,441
Other Current Liabilities	727,071
Total Current Liabilities (calculated)	1,324,782
+/-	306,479

Long-term Liabilities

Long-term Liabilities (as reported)	1,228,599
Capital Lease Obligations Min Short Term Debt	1,154,012
Long-term Liabilities Other	29,201
Long-term Liabilities (calculated)	1,183,213
+/-	45,386

Total Stockholder Equity

Total Stockholder Equity (as reported)	4,232,081
Common Stock	606
Retained Earnings	3,920,362
Accumulated Other Comprehensive Income	-264,256
Other Stockholders Equity	575,369
Total Stockholder Equity (calculated)	4,232,081
+/-	0

Other

Capital Stock	606
Cash and Short Term Investments	2,243,971
Common Stock Shares Outstanding	126,584
Current Deferred Revenue	306,479
Liabilities and Stockholders Equity	7,091,941
Net Debt	-840,681
Net Invested Capital	4,232,081
Net Working Capital	2,429,316
Property Plant and Equipment Gross	4,028,846
Short Long Term Debt Total	1,403,282

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2024-01-31

2023-10-31

2023-07-31

2023-04-30

2023-01-31

2022-10-31

2022-07-31

2022-04-30

2022-01-31

2021-10-31

2021-07-31

2021-04-30

2021-01-31

2020-10-31

2020-07-31

2020-04-30

2020-01-31

2019-10-31

2019-07-31

2019-04-30

2019-01-31

2018-10-31

2018-07-31

2018-04-30

2018-01-31

2017-10-31

2017-07-31

2017-04-30

2017-01-31

2016-10-31

2016-07-31

2016-04-30

2016-01-31

2015-10-31

2015-07-31

2015-04-30

2015-01-31

2014-10-31

2014-07-31

2014-04-30

2014-01-31

2013-10-31

2013-07-31

2013-04-30

2013-01-31

2012-10-31

2012-07-31

2012-04-30

2012-01-31

2011-10-31

2011-07-31

2011-04-30

2011-01-31

2010-10-31

2010-07-31

2010-04-30

2010-01-31

2009-10-31

2009-07-31

2009-04-30

2009-01-31

2008-10-31

2008-07-31

2008-04-30

2008-01-31

2007-10-31

2007-07-31

2007-04-30

2007-01-31

2006-10-31

2006-07-31

2006-04-30

2006-01-31

2005-10-31

2005-07-31

2005-04-30

> Total Assets

0
0
0
41,914
0
0
0
71,855
69,034
83,498
141,176
155,092
159,324
174,469
198,019
211,636
207,786
225,826
246,768
307,258
333,090
363,696
418,972
499,302
536,460
586,461
636,070
734,634
770,619
829,138
888,781
1,051,078
1,053,476
1,114,122
1,174,554
1,249,688
1,290,957
1,297,920
1,284,487
1,296,213
1,337,716
1,294,221
1,321,559
1,314,077
1,401,655
1,415,501
1,478,940
1,657,541
1,609,334
1,686,923
1,720,449
1,998,483
2,011,705
1,881,157
1,981,011
2,084,711
2,463,020
2,694,744
2,855,144
3,281,354
3,201,786
3,494,027
3,627,920
4,185,215
4,329,831
4,405,098
4,572,007
4,942,478
4,697,212
4,920,711
5,309,436
5,607,038
5,571,544
5,992,458
6,022,264
7,091,941

7,091,941

6,022,264

5,992,458

5,571,544

5,607,038

5,309,436

4,920,711

4,697,212

4,942,478

4,572,007

4,405,098

4,329,831

4,185,215

3,627,920

3,494,027

3,201,786

3,281,354

2,855,144

2,694,744

2,463,020

2,084,711

1,981,011

1,881,157

2,011,705

1,998,483

1,720,449

1,686,923

1,609,334

1,657,541

1,478,940

1,415,501

1,401,655

1,314,077

1,321,559

1,294,221

1,337,716

1,296,213

1,284,487

1,297,920

1,290,957

1,249,688

1,174,554

1,114,122

1,053,476

1,051,078

888,781

829,138

770,619

734,634

636,070

586,461

536,460

499,302

418,972

363,696

333,090

307,258

246,768

225,826

207,786

211,636

198,019

174,469

159,324

155,092

141,176

83,498

69,034

71,855

41,914

> Total Current Assets

0
0
0
27,217
0
0
0
48,493
34,600
38,279
92,379
97,906
96,875
98,191
107,487
116,988
113,909
142,732
166,068
216,410
239,443
259,050
311,717
389,279
349,988
383,972
427,816
527,093
558,105
603,525
641,084
787,053
781,619
838,140
880,591
942,839
981,383
974,102
944,657
951,012
972,792
918,269
928,504
917,039
971,193
962,683
1,022,910
1,162,737
1,132,681
1,171,022
1,188,348
1,436,282
1,452,855
1,308,037
1,363,467
1,429,282
1,171,584
1,333,013
1,451,676
1,807,938
1,694,545
1,489,755
1,600,813
2,124,379
2,253,452
2,275,307
2,311,294
2,614,853
2,303,240
2,387,094
2,634,181
3,159,453
3,053,302
3,323,933
3,364,899
4,060,577

4,060,577

3,364,899

3,323,933

3,053,302

3,159,453

2,634,181

2,387,094

2,303,240

2,614,853

2,311,294

2,275,307

2,253,452

2,124,379

1,600,813

1,489,755

1,694,545

1,807,938

1,451,676

1,333,013

1,171,584

1,429,282

1,363,467

1,308,037

1,452,855

1,436,282

1,188,348

1,171,022

1,132,681

1,162,737

1,022,910

962,683

971,193

917,039

928,504

918,269

972,792

951,012

944,657

974,102

981,383

942,839

880,591

838,140

781,619

787,053

641,084

603,525

558,105

527,093

427,816

383,972

349,988

389,279

311,717

259,050

239,443

216,410

166,068

142,732

113,909

116,988

107,487

98,191

96,875

97,906

92,379

38,279

34,600

48,493

27,217

Cash And Cash Equivalents

0
0
0
3,877
0
0
0
16,029
4,393
9,727
36,325
53,339
34,062
43,735
52,039
56,797
59,271
83,797
101,832
159,573
173,640
178,172
224,775
316,286
260,871
264,728
276,946
409,437
424,330
444,286
439,423
590,179
588,418
610,273
600,745
698,649
751,965
725,073
633,582
664,479
655,881
541,262
403,446
501,482
550,046
535,350
480,386
734,846
698,289
721,212
650,054
990,501
966,571
777,841
703,607
881,320
576,241
623,738
586,153
1,093,505
823,006
522,998
481,581
1,150,517
1,179,739
1,170,041
993,591
1,259,871
649,016
498,831
352,624
1,154,867
950,607
1,107,530
1,091,138
2,243,963

2,243,963

1,091,138

1,107,530

950,607

1,154,867

352,624

498,831

649,016

1,259,871

993,591

1,170,041

1,179,739

1,150,517

481,581

522,998

823,006

1,093,505

586,153

623,738

576,241

881,320

703,607

777,841

966,571

990,501

650,054

721,212

698,289

734,846

480,386

535,350

550,046

501,482

403,446

541,262

655,881

664,479

633,582

725,073

751,965

698,649

600,745

610,273

588,418

590,179

439,423

444,286

424,330

409,437

276,946

264,728

260,871

316,286

224,775

178,172

173,640

159,573

101,832

83,797

59,271

56,797

52,039

43,735

34,062

53,339

36,325

9,727

4,393

16,029

3,877

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
0
0
0
0
0
0
0
0
0
0
0
136,127
34,894
8
8
8
8
47
8

34,894

136,127

Net Receivables

0
0
0
1,300
0
0
0
2,291
3,548
3,458
4,532
4,432
4,338
4,505
4,007
4,029
3,868
5,789
6,515
8,238
9,177
7,851
9,121
9,116
12,149
9,720
10,814
5,202
4,848
6,639
8,041
6,351
7,754
11,597
12,105
11,903
7,849
8,835
10,719
13,746
13,287
12,209
12,463
13,108
9,502
10,196
11,910
9,200
10,707
15,873
21,281
19,173
21,875
23,535
29,448
35,786
20,105
27,659
35,744
40,219
62,126
81,622
73,081
75,708
56,956
56,150
75,343
77,001
78,391
81,784
96,179
132,906
107,468
106,221
407,262
124,769

124,769

407,262

106,221

107,468

132,906

96,179

81,784

78,391

77,001

75,343

56,150

56,956

75,708

73,081

81,622

62,126

40,219

35,744

27,659

20,105

35,786

29,448

23,535

21,875

19,173

21,281

15,873

10,707

9,200

11,910

10,196

9,502

13,108

12,463

12,209

13,287

13,746

10,719

8,835

7,849

11,903

12,105

11,597

7,754

6,351

8,041

6,639

4,848

5,202

10,814

9,720

12,149

9,116

9,121

7,851

9,177

8,238

6,515

5,789

3,868

4,029

4,007

4,505

4,338

4,432

4,532

3,458

3,548

2,291

1,300

Other Current Assets

0
0
0
274
0
0
0
192
192
20
1,828
1,043
3,427
2,740
2,378
4,111
6,135
12,393
5,618
4,529
5,876
6,507
4,798
6,408
12,545
20,640
10,887
8,357
26,096
27,222
28,894
35,301
41,735
53,266
61,587
58,100
44,194
63,692
70,495
78,417
67,125
84,191
30,066
40,095
33,320
51,376
42,738
48,269
43,504
51,408
42,496
67,271
44,037
51,786
57,828
93,735
50,032
74,750
75,962
110,761
156,374
10,077
179,970
187,506
22,109
21,876
19,597
269,573
45,083
50,054
63,838
371,578
339,989
330,734
50,527
368,235

368,235

50,527

330,734

339,989

371,578

63,838

50,054

45,083

269,573

19,597

21,876

22,109

187,506

179,970

10,077

156,374

110,761

75,962

74,750

50,032

93,735

57,828

51,786

44,037

67,271

42,496

51,408

43,504

48,269

42,738

51,376

33,320

40,095

30,066

84,191

67,125

78,417

70,495

63,692

44,194

58,100

61,587

53,266

41,735

35,301

28,894

27,222

26,096

8,357

10,887

20,640

12,545

6,408

4,798

6,507

5,876

4,529

5,618

12,393

6,135

4,111

2,378

2,740

3,427

1,043

1,828

192

274

> Long-term Assets

0
0
0
14,697
0
0
0
23,362
34,435
45,219
48,797
57,186
62,449
76,278
90,532
94,648
93,877
83,094
80,700
90,848
93,647
104,646
107,255
110,023
186,472
202,489
208,254
207,541
212,514
225,613
247,697
264,025
271,857
275,982
293,963
306,849
309,574
323,818
339,830
345,201
364,924
375,952
393,055
397,038
430,462
452,818
456,030
494,804
476,653
515,901
532,101
562,201
558,850
573,120
617,544
655,429
1,291,436
1,361,731
1,403,468
1,473,416
1,507,241
2,004,272
2,027,107
2,060,836
2,076,379
2,129,791
2,260,713
2,327,625
2,393,972
2,533,617
2,675,255
2,447,585
2,518,242
2,668,525
2,657,365
3,031,364

3,031,364

2,657,365

2,668,525

2,518,242

2,447,585

2,675,255

2,533,617

2,393,972

2,327,625

2,260,713

2,129,791

2,076,379

2,060,836

2,027,107

2,004,272

1,507,241

1,473,416

1,403,468

1,361,731

1,291,436

655,429

617,544

573,120

558,850

562,201

532,101

515,901

476,653

494,804

456,030

452,818

430,462

397,038

393,055

375,952

364,924

345,201

339,830

323,818

309,574

306,849

293,963

275,982

271,857

264,025

247,697

225,613

212,514

207,541

208,254

202,489

186,472

110,023

107,255

104,646

93,647

90,848

80,700

83,094

93,877

94,648

90,532

76,278

62,449

57,186

48,797

45,219

34,435

23,362

14,697

Property Plant Equipment

0
0
0
10,427
0
0
0
18,822
21,169
27,215
36,377
44,039
49,063
55,473
59,893
61,662
60,960
61,265
59,900
61,591
63,844
64,609
67,457
70,954
144,917
151,120
153,119
162,941
168,374
181,122
204,052
214,639
222,878
228,794
243,626
255,603
271,370
285,849
301,841
296,008
314,336
324,093
346,705
349,605
377,813
395,010
399,658
423,499
398,833
426,961
440,403
473,642
472,262
487,546
531,250
567,237
1,209,712
1,274,134
1,308,864
1,361,357
1,391,148
1,424,319
1,433,966
1,480,522
1,493,824
1,536,008
1,665,870
1,731,253
1,794,782
1,927,760
2,069,177
2,239,033
2,306,264
2,446,370
2,462,525
2,811,421

2,811,421

2,462,525

2,446,370

2,306,264

2,239,033

2,069,177

1,927,760

1,794,782

1,731,253

1,665,870

1,536,008

1,493,824

1,480,522

1,433,966

1,424,319

1,391,148

1,361,357

1,308,864

1,274,134

1,209,712

567,237

531,250

487,546

472,262

473,642

440,403

426,961

398,833

423,499

399,658

395,010

377,813

349,605

346,705

324,093

314,336

296,008

301,841

285,849

271,370

255,603

243,626

228,794

222,878

214,639

204,052

181,122

168,374

162,941

153,119

151,120

144,917

70,954

67,457

64,609

63,844

61,591

59,900

61,265

60,960

61,662

59,893

55,473

49,063

44,039

36,377

27,215

21,169

18,822

10,427

Goodwill

0
0
0
840
0
0
0
812
865
898
1,008
963
940
933
738
774
738
738
738
899
738
738
19,757
20,274
21,965
18,437
24,042
26,336
26,246
26,042
25,989
26,060
25,865
23,851
24,488
25,279
25,371
25,405
25,184
24,413
24,672
24,260
24,244
23,830
24,493
24,263
24,112
24,233
23,990
24,549
24,340
24,606
24,345
24,255
24,237
24,239
24,094
24,184
24,478
24,423
24,044
386,593
386,632
386,877
387,115
387,024
387,065
386,880
386,837
386,868
386,515
24,144
24,041
24,176
23,912
24,083

24,083

23,912

24,176

24,041

24,144

386,515

386,868

386,837

386,880

387,065

387,024

387,115

386,877

386,632

386,593

24,044

24,423

24,478

24,184

24,094

24,239

24,237

24,255

24,345

24,606

24,340

24,549

23,990

24,233

24,112

24,263

24,493

23,830

24,244

24,260

24,672

24,413

25,184

25,405

25,371

25,279

24,488

23,851

25,865

26,060

25,989

26,042

26,246

26,336

24,042

18,437

21,965

20,274

19,757

738

899

738

774

738

933

940

963

1,008

898

865

812

840

Intangible Assets

0
0
0
2,442
0
0
0
2,140
7,367
7,205
7,774
7,161
6,730
6,441
7,901
7,386
7,428
8,525
7,519
7,151
7,358
23,997
6,731
6,838
6,804
9,997
8,309
5,536
5,275
4,851
4,541
4,141
3,945
5,373
4,503
2,922
2,736
2,533
2,274
1,750
1,604
1,351
1,163
947
827
634
455
324
258
200
136
73
16
24,255
24,237
24,239
0
0
0
24,423
24,044
84,471
82,276
80,080
77,885
75,690
73,494
71,299
69,103
66,908
64,719
21,961
20,082
18,204
0
0

18,204

20,082

21,961

64,719

66,908

69,103

71,299

73,494

75,690

77,885

80,080

82,276

84,471

24,044

24,423

24,239

24,237

24,255

136

200

258

324

455

634

827

947

1,163

1,351

1,604

1,750

2,274

2,533

2,736

2,922

4,503

5,373

3,945

4,141

4,541

4,851

5,275

5,536

8,309

9,997

6,804

6,838

6,731

23,997

7,358

7,151

7,519

8,525

7,428

7,386

7,901

6,441

6,730

7,161

7,774

7,205

7,367

2,140

2,442

Other 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
108,889
124,233
113,357
38,834
48,919
134,284
138,193
143,250
50,740
49,627
47,747
47,882
50,172
49,652
0

49,652

50,172

47,882

47,747

49,627

50,740

143,250

138,193

134,284

48,919

38,834

113,357

124,233

108,889

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
7,894
8,189
18,379
18,350
8,587
8,504
8,503
8,934
0
15,005
13,839
16,103
0
4,995
4,992
4,798
0
16,294
15,667
10,759
0
13,044
12,696
12,446
0
32,509
40,016
37,583
0
30,923
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

30,923

37,583

40,016

32,509

12,446

12,696

13,044

10,759

15,667

16,294

4,798

4,992

4,995

16,103

13,839

15,005

8,934

8,503

8,504

8,587

18,350

18,379

8,189

7,894

> Total Liabilities

0
0
0
13,852
0
0
0
33,908
23,977
30,528
43,115
42,739
37,490
37,961
57,759
56,794
39,516
48,747
54,169
74,150
65,294
70,382
92,299
105,009
80,599
86,784
106,980
128,453
97,217
102,793
120,960
163,779
123,416
134,834
131,794
153,006
162,576
171,253
199,226
206,645
192,705
198,753
261,600
286,595
265,430
259,299
274,471
297,568
261,647
289,114
299,173
401,523
375,471
560,942
574,254
638,736
1,096,300
1,187,365
1,206,408
1,329,136
1,365,999
1,492,925
1,464,967
1,626,649
1,689,976
1,733,932
1,913,552
2,202,432
2,029,162
2,062,913
2,270,232
2,458,239
2,251,468
2,458,976
2,496,415
2,859,860

2,859,860

2,496,415

2,458,976

2,251,468

2,458,239

2,270,232

2,062,913

2,029,162

2,202,432

1,913,552

1,733,932

1,689,976

1,626,649

1,464,967

1,492,925

1,365,999

1,329,136

1,206,408

1,187,365

1,096,300

638,736

574,254

560,942

375,471

401,523

299,173

289,114

261,647

297,568

274,471

259,299

265,430

286,595

261,600

198,753

192,705

206,645

199,226

171,253

162,576

153,006

131,794

134,834

123,416

163,779

120,960

102,793

97,217

128,453

106,980

86,784

80,599

105,009

92,299

70,382

65,294

74,150

54,169

48,747

39,516

56,794

57,759

37,961

37,490

42,739

43,115

30,528

23,977

33,908

13,852

> Total Current Liabilities

0
0
0
12,242
0
0
0
31,284
21,367
25,135
35,941
35,822
30,201
28,216
46,770
45,335
27,375
35,268
39,447
58,678
46,797
46,713
64,276
85,364
58,990
64,958
82,514
103,439
70,834
74,976
91,190
133,357
92,326
100,941
94,614
113,514
105,483
114,900
147,750
159,881
143,482
148,108
208,328
225,504
202,428
197,438
212,708
241,449
205,973
224,291
240,577
292,598
267,341
449,161
443,671
500,477
502,942
552,609
574,769
620,418
631,496
763,309
730,878
883,178
964,814
981,354
1,118,020
1,405,334
1,206,891
1,207,210
1,322,835
1,492,198
1,256,771
1,386,370
1,448,114
1,631,261

1,631,261

1,448,114

1,386,370

1,256,771

1,492,198

1,322,835

1,207,210

1,206,891

1,405,334

1,118,020

981,354

964,814

883,178

730,878

763,309

631,496

620,418

574,769

552,609

502,942

500,477

443,671

449,161

267,341

292,598

240,577

224,291

205,973

241,449

212,708

197,438

202,428

225,504

208,328

148,108

143,482

159,881

147,750

114,900

105,483

113,514

94,614

100,941

92,326

133,357

91,190

74,976

70,834

103,439

82,514

64,958

58,990

85,364

64,276

46,713

46,797

58,678

39,447

35,268

27,375

45,335

46,770

28,216

30,201

35,822

35,941

25,135

21,367

31,284

12,242

Short-term Debt

0
0
0
0
0
0
0
0
1,455
0
0
-1,124,597
0
0
0
-19,373,559
0
0
0
-15,102
0
0
0
0
0
0
0
21,460
-8,897
10,722
11,992
48,138
10,329
9,004
9,900
-37,574
9,441
9,070
11,859
28,652
10,782
11,207
56,662
48,242
47,917
43,224
31,958
40,472
38,154
132,141
150,439
178,857
166,003
100,000
208,492
192,834
127,180
130,182
131,385
128,497
144,646
147,941
138,082
166,091
168,145
150,087
175,445
188,996
178,273
196,259
188,110
207,972
210,506
216,837
217,138
249,270

249,270

217,138

216,837

210,506

207,972

188,110

196,259

178,273

188,996

175,445

150,087

168,145

166,091

138,082

147,941

144,646

128,497

131,385

130,182

127,180

192,834

208,492

100,000

166,003

178,857

150,439

132,141

38,154

40,472

31,958

43,224

47,917

48,242

56,662

11,207

10,782

28,652

11,859

9,070

9,441

-37,574

9,900

9,004

10,329

48,138

11,992

10,722

-8,897

21,460

-15,102

-19,373,559

-1,124,597

1,455

Accounts payable

0
0
0
5,877
0
0
0
4,933
3,079
4,928
12,605
5,200
4,852
1,322
8,448
5,269
5,218
3,073
5,866
11,028
8,019
7,275
9,275
6,659
3,409
4,445
6,040
14,536
4,229
6,953
6,569
1,045
3,756
12,721
4,783
12,647
6,960
7,100
9,545
9,339
5,318
7,488
5,845
10,381
6,443
8,295
9,132
24,846
8,533
19,049
14,113
24,646
16,255
110,523
153,140
95,533
88,258
110,513
116,281
79,997
78,940
122,767
160,779
172,246
196,934
203,546
227,067
289,728
308,086
259,927
300,870
172,732
287,464
298,914
309,324
348,441

348,441

309,324

298,914

287,464

172,732

300,870

259,927

308,086

289,728

227,067

203,546

196,934

172,246

160,779

122,767

78,940

79,997

116,281

110,513

88,258

95,533

153,140

110,523

16,255

24,646

14,113

19,049

8,533

24,846

9,132

8,295

6,443

10,381

5,845

7,488

5,318

9,339

9,545

7,100

6,960

12,647

4,783

12,721

3,756

1,045

6,569

6,953

4,229

14,536

6,040

4,445

3,409

6,659

9,275

7,275

8,019

11,028

5,866

3,073

5,218

5,269

8,448

1,322

4,852

5,200

12,605

4,928

3,079

4,933

5,877

Other Current Liabilities

0
0
0
6,365
0
0
0
26,351
6,641
20,207
23,336
-1,093,975
25,349
26,894
38,322
-19,333,494
22,157
32,195
33,581
32,548
38,778
39,438
55,001
78,705
55,581
60,513
76,474
44,670
57,800
39,597
54,969
49,061
48,825
53,365
56,141
100,098
58,163
69,498
98,330
75,638
88,156
93,265
110,698
109,145
97,681
99,738
127,445
105,677
99,888
16,931
23,525
6,427
15,573
174,218
18,565
112,698
193,855
223,099
241,651
291,511
302,624
386,176
327,257
388,993
458,586
490,700
577,852
718,415
536,622
578,358
662,196
860,016
534,831
654,503
708,396
727,071

727,071

708,396

654,503

534,831

860,016

662,196

578,358

536,622

718,415

577,852

490,700

458,586

388,993

327,257

386,176

302,624

291,511

241,651

223,099

193,855

112,698

18,565

174,218

15,573

6,427

23,525

16,931

99,888

105,677

127,445

99,738

97,681

109,145

110,698

93,265

88,156

75,638

98,330

69,498

58,163

100,098

56,141

53,365

48,825

49,061

54,969

39,597

57,800

44,670

76,474

60,513

55,581

78,705

55,001

39,438

38,778

32,548

33,581

32,195

22,157

-19,333,494

38,322

26,894

25,349

-1,093,975

23,336

20,207

6,641

26,351

6,365

> Long-term Liabilities

0
0
0
1,610
0
0
0
2,624
2,610
5,393
7,174
6,918
7,289
9,745
10,989
11,459
12,141
13,479
14,722
15,472
18,497
23,669
28,023
19,645
21,609
21,826
24,466
25,014
26,383
27,817
29,770
30,422
31,090
33,893
37,180
39,492
57,093
56,353
51,476
46,764
49,223
50,645
53,272
61,091
63,002
61,861
61,763
56,119
55,674
64,823
58,596
108,925
108,130
111,781
130,583
138,259
593,358
634,756
631,639
708,718
734,503
729,616
734,089
743,471
725,162
752,578
795,532
797,098
822,271
855,703
947,397
966,041
994,697
1,072,606
1,048,301
1,228,599

1,228,599

1,048,301

1,072,606

994,697

966,041

947,397

855,703

822,271

797,098

795,532

752,578

725,162

743,471

734,089

729,616

734,503

708,718

631,639

634,756

593,358

138,259

130,583

111,781

108,130

108,925

58,596

64,823

55,674

56,119

61,763

61,861

63,002

61,091

53,272

50,645

49,223

46,764

51,476

56,353

57,093

39,492

37,180

33,893

31,090

30,422

29,770

27,817

26,383

25,014

24,466

21,826

21,609

19,645

28,023

23,669

18,497

15,472

14,722

13,479

12,141

11,459

10,989

9,745

7,289

6,918

7,174

5,393

2,610

2,624

1,610

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
7,894
8,189
18,379
18,350
8,587
8,504
8,503
8,934
0
15,005
13,839
16,103
0
4,995
4,992
4,798
0
16,294
15,667
10,759
0
13,044
12,696
12,446
0
32,509
40,016
37,583
0
30,923
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

30,923

37,583

40,016

32,509

12,446

12,696

13,044

10,759

15,667

16,294

4,798

4,992

4,995

16,103

13,839

15,005

8,934

8,503

8,504

8,587

18,350

18,379

8,189

7,894

Other 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
96,970
98,703
110,881
108,245
107,844
111,072
105,042
96,001
97,838
97,024
103,679
106,115
95,870
97,347
0

97,347

95,870

106,115

103,679

97,024

97,838

96,001

105,042

111,072

107,844

108,245

110,881

98,703

96,970

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,376
3,633
3,800
3,545
3,524
10,759
11,382
11,198
11,064
7,262
6,950
7,668
0
1,336
1,582
1,582
1,582
14,249
13,834
14,114
14,190
43,432
40,764
46,901
47,199
58,755
60,807
60,010
60,374
53,352
53,061
53,271
50,884
55,084
54,533
0
0
0

54,533

55,084

50,884

53,271

53,061

53,352

60,374

60,010

60,807

58,755

47,199

46,901

40,764

43,432

14,190

14,114

13,834

14,249

1,582

1,336

7,668

6,950

7,262

11,064

11,198

11,382

10,759

3,524

3,545

3,800

3,633

11,376

> Total Stockholder Equity

0
0
0
28,052
0
0
0
37,379
44,490
52,466
97,586
112,034
121,577
136,508
140,260
154,843
168,270
177,079
192,599
233,108
267,796
289,354
322,149
390,389
451,813
495,389
524,655
601,376
673,402
720,729
767,821
887,299
930,060
979,288
1,042,760
1,096,682
1,128,381
1,126,667
1,085,261
1,089,568
1,145,011
1,095,468
1,059,959
1,027,482
1,136,225
1,156,202
1,204,469
1,359,973
1,347,687
1,397,809
1,421,276
1,596,960
1,636,234
1,320,215
1,406,757
1,445,975
1,366,720
1,507,379
1,648,736
1,952,218
1,835,787
2,001,102
2,162,953
2,558,566
2,639,855
2,671,166
2,658,455
2,740,046
2,668,050
2,857,798
3,039,204
3,148,799
3,320,076
3,533,482
3,525,849
4,232,081

4,232,081

3,525,849

3,533,482

3,320,076

3,148,799

3,039,204

2,857,798

2,668,050

2,740,046

2,658,455

2,671,166

2,639,855

2,558,566

2,162,953

2,001,102

1,835,787

1,952,218

1,648,736

1,507,379

1,366,720

1,445,975

1,406,757

1,320,215

1,636,234

1,596,960

1,421,276

1,397,809

1,347,687

1,359,973

1,204,469

1,156,202

1,136,225

1,027,482

1,059,959

1,095,468

1,145,011

1,089,568

1,085,261

1,126,667

1,128,381

1,096,682

1,042,760

979,288

930,060

887,299

767,821

720,729

673,402

601,376

524,655

495,389

451,813

390,389

322,149

289,354

267,796

233,108

192,599

177,079

168,270

154,843

140,260

136,508

121,577

112,034

97,586

52,466

44,490

37,379

28,052

Common Stock

0
0
0
0
0
0
0
0
0
443
466
467
468
473
503
504
507
508
509
511
514
517
528
534
540
544
547
551
558
558
559
562
563
575
576
577
578
571
662
661
660
656
648
637
637
636
636
637
636
628
628
628
630
613
613
608
615
615
617
621
624
625
626
626
625
623
621
616
614
612
612
611
610
608
606
606

606

608

610

611

612

614

616

621

623

625

626

625

624

621

617

615

608

613

630

628

636

637

636

637

648

656

660

661

662

571

578

577

576

575

563

562

559

558

551

547

544

540

534

528

517

514

511

509

508

507

504

503

473

468

467

466

443

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
189,656
223,028
261,407
300,201
373,719
420,362
477,584
534,900
0
691,554
748,018
814,130
923,822
942,803
937,767
926,369
1,020,619
1,050,016
1,035,903
1,003,331
1,019,515
1,049,430
1,090,549
1,158,834
1,294,214
1,312,957
1,285,559
1,336,216
1,455,002
1,530,147
1,224,044
1,310,452
1,346,890
1,281,432
1,404,866
1,522,921
1,820,637
1,786,147
1,872,948
2,016,591
2,346,428
2,408,006
2,445,845
2,398,186
2,512,840
2,471,432
2,636,377
2,874,955
2,926,127
3,118,584
0
0
0

3,118,584

2,926,127

2,874,955

2,636,377

2,471,432

2,512,840

2,398,186

2,445,845

2,408,006

2,346,428

2,016,591

1,872,948

1,786,147

1,820,637

1,522,921

1,404,866

1,281,432

1,346,890

1,310,452

1,224,044

1,530,147

1,455,002

1,336,216

1,285,559

1,312,957

1,294,214

1,158,834

1,090,549

1,049,430

1,019,515

1,003,331

1,035,903

1,050,016

1,020,619

926,369

937,767

942,803

923,822

814,130

748,018

691,554

534,900

477,584

420,362

373,719

300,201

261,407

223,028

189,656

Accumulated Other Comprehensive Income

0
0
0
559
0
0
0
-1,057
1,106
2,399
6,617
5,397
4,237
3,513
-1,410
-11,151
-5,960
4,362
4,319
5,867
14,258
11,032
14,517
20,329
37,494
36,416
21,831
21,549
29,094
18,527
21,168
21,090
16,643
-5,258
-14,411
-68,068
-55,678
-52,014
-81,270
-173,407
-150,801
-190,169
-190,834
-238,203
-164,641
-192,693
-217,441
-201,500
-233,275
-160,421
-191,439
-142,923
-185,895
-204,144
-211,462
-216,808
-232,531
-228,017
-218,137
-224,581
-285,185
-230,885
-228,616
-177,155
-133,519
-157,039
-146,765
-195,917
-216,709
-212,283
-291,807
-252,584
-277,614
-239,842
-315,830
-264,256

-264,256

-315,830

-239,842

-277,614

-252,584

-291,807

-212,283

-216,709

-195,917

-146,765

-157,039

-133,519

-177,155

-228,616

-230,885

-285,185

-224,581

-218,137

-228,017

-232,531

-216,808

-211,462

-204,144

-185,895

-142,923

-191,439

-160,421

-233,275

-201,500

-217,441

-192,693

-164,641

-238,203

-190,834

-190,169

-150,801

-173,407

-81,270

-52,014

-55,678

-68,068

-14,411

-5,258

16,643

21,090

21,168

18,527

29,094

21,549

21,831

36,416

37,494

20,329

14,517

11,032

14,258

5,867

4,319

4,362

-5,960

-11,151

-1,410

3,513

4,237

5,397

6,617

2,399

1,106

-1,057

559

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
179,870
190,751
197,022
202,076
205,557
218,252
224,060
211,194
0
221,300
235,953
242,465
240,351
240,678
240,343
239,500
241,695
245,136
249,078
246,814
245,533
250,799
257,710
262,440
266,622
267,369
272,043
275,871
284,253
291,352
299,702
307,154
315,285
317,204
329,915
343,335
355,541
334,201
358,414
374,352
388,667
364,743
381,737
406,413
422,507
412,713
433,092
455,444
474,645
478,496
0
0
0

478,496

474,645

455,444

433,092

412,713

422,507

406,413

381,737

364,743

388,667

374,352

358,414

334,201

355,541

343,335

329,915

317,204

315,285

307,154

299,702

291,352

284,253

275,871

272,043

267,369

266,622

262,440

257,710

250,799

245,533

246,814

249,078

245,136

241,695

239,500

240,343

240,678

240,351

242,465

235,953

221,300

211,194

224,060

218,252

205,557

202,076

197,022

190,751

179,870

Treasury Stock

Other Stockholders Equity

0
0
0
95,835
0
0
0
99,111
100,518
101,638
134,947
136,005
138,231
142,734
152,327
155,961
157,677
146,919
148,413
158,921
165,627
168,616
172,214
179,870
190,751
197,022
202,076
205,557
218,252
224,060
211,194
221,372
221,300
235,953
242,465
240,351
240,678
240,343
239,500
241,695
245,136
249,078
246,814
245,533
250,799
257,710
262,440
266,622
267,369
272,043
275,871
284,253
291,352
299,702
307,154
315,285
317,204
329,915
343,335
355,541
334,201
358,414
374,352
388,667
364,743
381,737
406,413
422,507
412,713
433,092
455,444
474,645
478,496
505,127
536,390
575,369

575,369

536,390

505,127

478,496

474,645

455,444

433,092

412,713

422,507

406,413

381,737

364,743

388,667

374,352

358,414

334,201

355,541

343,335

329,915

317,204

315,285

307,154

299,702

291,352

284,253

275,871

272,043

267,369

266,622

262,440

257,710

250,799

245,533

246,814

249,078

245,136

241,695

239,500

240,343

240,678

240,351

242,465

235,953

221,300

221,372

211,194

224,060

218,252

205,557

202,076

197,022

190,751

179,870

172,214

168,616

165,627

158,921

148,413

146,919

157,677

155,961

152,327

142,734

138,231

136,005

134,947

101,638

100,518

99,111

95,835

Balance Sheet

Currency in USD. All numbers in thousands.

	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31
Accounts Payable	348,441	172,732	289,728	172,246	95,533	95,533	24,646	24,846	10,381	9,339	1,045	1,045	14,536	6,659	11,028	5,269	5,200	4,933	5,877	-	-
Accumulated Amortization	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	-	-
Accumulated Other Comprehensive Income	-264,256	-252,584	-195,917	-177,155	-216,808	-216,808	-142,923	-201,500	-238,203	-173,407	21,090	21,090	21,549	20,329	5,867	-11,151	5,397	-1,057	559	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Lease Obligations	1,154,012	862,362	692,056	632,590	547,127	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Stock	606	611	616	626	621	608	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Surpluse	0	474,645	422,507	388,667	355,541	315,285	284,253	266,622	245,533	241,695	240,351	0	205,557	179,870	0	0	0	0	0	-	-
Cash	2,243,963	1,154,867	1,259,871	1,150,517	881,320	881,320	990,501	734,846	501,482	664,479	590,179	590,179	409,437	316,286	159,573	56,797	53,339	16,029	3,877	-	433
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Cash And Short Term Investments	2,243,971	1,154,867	1,259,871	1,150,517	881,320	881,320	990,501	734,846	501,482	664,479	590,179	590,179	409,437	316,286	159,573	56,797	53,339	16,029	3,877	-	433
Common Stock	606	611	616	626	608	608	628	637	637	661	562	562	551	534	511	504	467	0	0	-	-
Common Stock Shares Outstanding	127,060	128,017	130,295	130,871	133,971	133,971	136,198	137,302	140,610	144,298	145,806	145,806	145,278	143,858	141,898	141,885	138,596	130,608	89,549	89,549	67,691
Common Stock Total Equity	0	611	616	626	621	608	628	637	637	661	600	600	600	500	511	500	500	0	0	-	-
Current Deferred Revenue	306,479	251,478	208,195	155,848	99,412	99,412	82,668	70,454	57,736	46,252	35,113	35,113	22,773	7,894	0	19,373,559	1,124,597	0	0	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	8,587	7,894	0	0	0	0	0	-	-
Deferred Long Term Liab	0	55,084	53,352	58,755	43,432	14,249	1,336	7,262	10,759	3,633	0	0	0	0	0	0	0	0	0	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Good Will	24,083	24,144	386,880	386,877	24,239	24,239	24,606	24,233	23,830	24,413	26,060	26,060	26,336	20,274	899	774	963	812	840	-	-
Intangible Assets	0	21,961	71,299	80,080	241	24,239	73	324	947	1,750	4,141	4,141	5,536	6,838	7,151	7,386	7,161	2,140	2,442	-	-
Inventory	1,323,602	1,447,367	966,481	647,230	404,842	404,842	329,562	298,432	284,009	208,116	155,222	155,222	104,097	57,469	44,070	52,051	39,092	26,628	21,078	-	-
Liabilities And Stockholders Equity	7,091,941	5,607,038	4,942,478	4,185,215	2,084,711	2,084,711	1,998,483	1,657,541	1,314,077	1,296,213	1,051,078	1,051,078	734,634	499,302	307,258	211,636	155,092	71,855	41,914	-	2,323
Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Long Term Debt Total	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Debt	-840,681	-84,533	-378,819	-351,836	-141,359	-881,320	-984,074	-734,846	-501,482	-664,479	-590,179	-590,179	-409,437	-316,286	-159,573	-56,797	-53,339	-16,029	-3,877	-	-433
Net Invested Capital	4,232,081	3,148,799	2,740,046	2,558,566	1,952,218	1,445,975	1,596,960	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Receivables	124,769	132,906	77,001	75,708	35,786	35,786	19,173	9,200	13,108	13,746	6,351	6,351	5,202	9,116	8,238	4,029	4,432	2,291	1,300	-	-
Net Tangible Assets	0	3,102,694	2,281,867	2,091,609	1,927,795	1,421,736	1,572,281	1,335,416	1,002,705	1,063,405	1,068,481	0	569,504	363,277	0	0	0	0	0	-	-
Net Working Capital	2,429,316	1,667,255	1,209,519	1,241,201	1,187,520	928,805	1,143,684	921,288	691,535	791,131	653,696	653,696	423,654	303,915	157,732	71,653	62,085	17,209	14,975	-	-
Non Current Assets Total	3,031,364	2,447,585	2,327,625	2,060,836	655,429	655,429	562,201	494,804	397,038	345,201	264,025	264,025	207,541	110,023	90,848	94,648	57,186	23,362	14,697	-	-
Non Current Liabilities Other	29,201	910,957	743,746	8,976	665,286	124,010	107,589	48,857	50,332	43,131	0	0	25,014	19,645	0	0	0	0	0	-	-
Non Current Liabilities Total	1,228,599	966,041	797,098	743,471	138,259	138,259	108,925	56,119	61,091	46,764	30,422	30,422	25,014	19,645	15,472	11,459	6,918	2,624	1,610	-	-
Non Currrent Assets Other	186,684	162,447	138,193	113,357	63,953	63,953	63,880	46,748	22,656	23,030	4,152	4,152	4,141	2,762	3,673	5,453	3,899	999	801	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	4,805	3,904	0	0	0	0	0	-	-
Other Assets	0	47,747	138,193	113,357	87,636	61,558	63,880	0	0	0	0	0	0	0	0	0	0	0	0	-	2,323
Other Current Assets	368,235	371,578	269,573	187,506	93,735	93,735	67,271	48,269	40,095	78,417	35,301	35,301	8,357	6,408	4,529	4,111	1,043	192	274	-	-
Other Current Liab	727,071	860,016	718,415	388,993	112,698	112,698	6,427	105,677	109,145	75,638	49,061	49,061	44,670	78,705	47,650	40,065	30,622	26,351	6,365	-	-
Other Liab	0	0	105,042	110,881	97,254	138,259	108,925	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Stockholder Equity	575,369	474,645	422,507	388,667	315,285	315,285	284,253	266,622	245,533	241,695	221,372	221,372	205,557	179,870	158,921	155,961	136,005	99,111	95,835	-	419
Preferred Stock Redeemable	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	-	-
Property Plant And Equipment Gross	4,028,846	2,239,033	1,731,253	1,480,522	1,361,357	567,237	473,642	423,499	349,605	296,008	255,600	214,600	162,900	71,000	61,591	61,700	43,600	18,822	10,427	-	-
Property Plant And Equipment Net	2,811,421	2,239,033	1,731,253	1,480,522	567,237	567,237	473,642	423,499	349,605	296,008	214,639	214,639	162,941	70,954	61,591	61,662	44,039	18,822	10,427	-	-
Property Plant Equipment	0	1,269,614	927,710	1,480,522	671,693	567,237	473,642	423,499	349,605	296,008	255,603	0	162,941	70,954	0	0	0	0	0	-	-
Retained Earnings	3,920,362	2,926,127	2,512,840	2,346,428	1,346,890	1,346,890	1,455,002	1,294,214	1,019,515	1,020,619	644,275	644,275	373,719	189,656	67,809	9,528	-29,835	-60,677	-68,344	-	-
Retained Earnings Total Equity	0	2,926,127	2,512,840	2,346,428	1,820,637	1,346,890	1,455,002	1,294,214	1,019,515	1,020,619	923,822	0	373,719	189,656	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	0	-	-
Short Long Term Debt Total	1,403,282	1,070,334	881,052	798,681	739,961	0	6,427	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Short Term Debt	249,270	207,972	188,996	166,091	192,834	192,834	178,857	40,472	48,242	28,652	48,138	48,138	21,460	0	0	0	0	0	0	-	-
Short Term Investments	8	8	318,698	183,015	203,360	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	-	-
Total Assets	7,091,941	5,607,038	4,942,478	4,185,215	2,084,711	2,084,711	1,998,483	1,657,541	1,314,077	1,296,213	1,051,078	1,051,078	734,634	499,302	307,258	211,636	155,092	71,855	41,914	-	2,323
Total Current Assets	4,060,577	3,159,453	2,614,853	2,124,379	1,429,282	1,429,282	1,436,282	1,162,737	917,039	951,012	787,053	787,053	527,093	389,279	216,410	116,988	97,906	48,493	27,217	-	433
Total Current Liabilities	1,631,261	1,492,198	1,405,334	883,178	500,477	500,477	292,598	241,449	225,504	159,881	133,357	133,357	103,439	85,364	58,678	45,335	35,822	31,284	12,242	-	-
Total Liab	2,859,860	2,458,239	2,202,432	1,626,649	638,736	638,736	401,523	297,568	286,595	206,645	163,779	163,779	128,453	105,009	74,150	56,794	42,739	33,908	13,852	-	1,904
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Stockholder Equity	4,232,081	3,148,799	2,740,046	2,558,566	1,445,975	1,445,975	1,596,960	1,359,973	1,027,482	1,089,568	887,299	887,299	601,376	390,389	233,108	154,843	112,034	37,379	28,052	-	419
Treasury Stock	0	0	0	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	-	-

	2024-01-31	2023-10-31	2023-07-31	2023-04-30	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30	2020-01-31	2019-10-31	2019-07-31	2019-04-30	2019-01-31	2018-10-31	2018-07-31	2018-04-30	2018-01-31	2017-10-31	2017-07-31	2017-04-30	2017-01-31	2016-10-31	2016-07-31	2016-04-30	2016-01-31	2015-10-31	2015-07-31	2015-04-30	2015-01-31	2014-10-31	2014-07-31	2014-04-30	2014-01-31	2013-10-31	2013-07-31	2013-04-30	2013-01-31	2012-10-31	2012-07-31	2012-04-30	2012-01-31	2011-10-31	2011-07-31	2011-04-30	2011-01-31	2010-10-31	2010-07-31	2010-04-30	2010-01-31	2009-10-31	2009-07-31	2009-04-30	2009-01-31	2008-10-31	2008-07-31	2008-04-30	2008-01-31	2007-10-31	2007-07-31	2007-04-30	2007-01-31	2006-10-31	2006-07-31	2006-04-30	2006-01-31	2005-10-31	2005-07-31	2005-04-30
Accounts Payable	348,441	309,324	298,914	287,464	172,732	300,870	259,927	308,086	289,728	227,067	203,546	196,934	172,246	160,779	122,767	78,940	79,997	116,281	110,513	88,258	95,533	153,140	110,523	16,255	24,646	14,113	19,049	8,533	24,846	9,132	8,295	6,443	10,381	5,845	7,488	5,318	9,339	9,545	7,100	6,960	12,647	4,783	12,721	3,756	1,045	6,569	6,953	4,229	14,536	6,040	4,445	3,409	6,659	9,275	7,275	8,019	11,028	5,866	3,073	5,218	5,269	8,448	1,322	4,852	5,200	12,605	4,928	3,079	4,933	-	-	-	5,877	-	-	-
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	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-
Accumulated Other Comprehensive Income	-264,256	-315,830	-239,842	-277,614	-252,584	-291,807	-212,283	-216,709	-195,917	-146,765	-157,039	-133,519	-177,155	-228,616	-230,885	-285,185	-224,581	-218,137	-228,017	-232,531	-216,808	-211,462	-204,144	-185,895	-142,923	-191,439	-160,421	-233,275	-201,500	-217,441	-192,693	-164,641	-238,203	-190,834	-190,169	-150,801	-173,407	-81,270	-52,014	-55,678	-68,068	-14,411	-5,258	16,643	21,090	21,168	18,527	29,094	21,549	21,831	36,416	37,494	20,329	14,517	11,032	14,258	5,867	4,319	4,362	-5,960	-11,151	-1,410	3,513	4,237	5,397	6,617	2,399	1,106	-1,057	-	-	-	559	-	-	-
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	-	-	-	-	-	-	-	-
Capital Lease Obligations	1,403,282	1,168,092	1,193,573	1,099,088	1,070,334	1,038,483	954,124	904,543	881,052	859,905	794,821	785,062	798,681	773,468	780,587	783,888	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	606	606	608	610	611	612	612	614	616	621	623	625	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	478,496	474,645	455,444	433,092	412,713	422,507	406,413	381,737	364,743	388,667	374,352	358,414	334,201	355,541	343,335	329,915	317,204	315,285	307,154	299,702	291,352	284,253	275,871	272,043	267,369	266,622	262,440	257,710	250,799	245,533	246,814	249,078	245,136	241,695	239,500	240,343	240,678	240,351	242,465	235,953	221,300	0	211,194	224,060	218,252	205,557	202,076	197,022	190,751	179,870	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Cash	2,243,963	1,091,138	1,107,530	950,607	1,154,867	352,624	498,831	649,016	1,259,871	993,591	1,170,041	1,179,739	1,150,517	481,581	522,998	823,006	1,093,505	586,153	623,738	576,241	881,320	703,607	777,841	966,571	990,501	650,054	721,212	698,289	734,846	480,386	535,350	550,046	501,482	403,446	541,262	655,881	664,479	633,582	725,073	751,965	698,649	600,745	610,273	588,418	590,179	439,423	444,286	424,330	409,437	276,946	264,728	260,871	316,286	224,775	178,172	173,640	159,573	101,832	83,797	59,271	56,797	52,039	43,735	34,062	53,339	36,325	9,727	4,393	16,029	-	-	-	3,877	-	-	-
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	-	-	-	-	-	-	-	-
Cash And Short Term Investments	2,243,971	1,091,138	1,107,530	950,607	1,154,867	352,624	498,831	649,016	1,259,871	993,591	1,170,041	1,179,739	1,150,517	481,581	522,998	823,006	1,093,505	586,153	623,738	576,241	881,320	703,607	777,841	966,571	990,501	650,054	721,212	698,289	734,846	480,386	535,350	550,046	501,482	403,446	541,262	655,881	664,479	633,582	725,073	751,965	698,649	600,745	610,273	588,418	590,179	439,423	444,286	424,330	409,437	276,946	264,728	260,871	316,286	224,775	178,172	173,640	159,573	101,832	83,797	59,271	56,797	52,039	43,735	34,062	53,339	36,325	9,727	4,393	16,029	-	-	-	3,877	-	-	-
Common Stock	606	606	608	610	611	612	612	614	616	621	623	625	626	626	625	624	621	617	615	615	608	613	613	630	628	628	628	636	637	636	636	637	637	648	656	660	661	662	571	578	577	576	575	563	562	559	558	558	551	547	544	540	534	528	517	514	511	509	508	507	504	503	473	468	467	466	443	0	0	-	-	-	0	-	-	-
Common Stock Shares Outstanding	126,584	126,770	127,263	127,621	127,802	127,820	127,906	128,541	129,508	130,189	130,490	130,984	130,956	130,924	130,799	130,803	130,896	130,805	130,783	131,337	132,466	133,077	134,530	135,931	135,723	135,578	136,303	137,192	137,245	137,237	137,229	137,496	138,240	140,457	141,644	142,337	142,346	143,441	145,544	145,861	146,035	146,014	145,916	145,849	145,974	145,748	145,678	145,637	145,422	145,349	145,228	144,910	144,740	143,670	143,500	143,164	143,038	142,200	140,802	140,662	141,491	141,218	140,752	143,302	135,554	143,367	137,782	132,120	132,120	89,549	89,549	89,549	89,549	89,549	89,549	89,549
Common Stock Total Equity	0	0	0	610	611	612	612	614	616	621	623	625	626	626	625	624	621	617	615	615	608	613	600	600	600	600	600	636	600	600	636	600	637	600	700	700	700	700	600	600	600	600	600	600	600	600	600	600	600	500	544	500	500	528	500	500	511	500	500	500	500	500	500	500	500	466	443	0	0	-	-	-	0	-	-	-
Current Deferred Revenue	306,479	213,256	216,116	223,970	251,478	171,659	172,666	183,910	208,195	137,656	137,021	141,149	155,848	104,760	106,425	105,286	120,413	85,452	88,815	93,649	99,412	63,474	64,420	69,510	82,668	52,500	56,170	59,398	70,454	44,173	46,181	50,387	57,736	35,123	36,148	39,226	46,252	28,016	29,232	30,919	38,343	23,790	25,851	29,416	35,113	17,660	17,704	17,702	22,773	18,350	0	8,189	7,894	0	11,715	15,352	15,102	6,128	6,974	19,097	19,373,559	10,988,598	13,431,078	5,716,876	1,124,597	0	0	10,192	-	-	-	-	-	-	-	-
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	30,923	0	37,583	40,016	32,509	0	12,446	12,696	13,044	0	10,759	15,667	16,294	0	4,798	4,992	4,995	0	16,103	13,839	15,005	0	8,934	8,503	8,504	8,587	18,350	18,379	8,189	7,894	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Deferred Long Term Liab	0	0	0	54,533	55,084	50,884	53,271	53,061	53,352	60,374	60,010	60,807	58,755	47,199	46,901	40,764	43,432	14,190	14,114	13,834	14,249	1,582	1,582	1,582	1,336	0	7,668	6,950	7,262	11,064	11,198	11,382	10,759	3,524	3,545	3,800	3,633	11,376	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Good Will	24,083	23,912	24,176	24,041	24,144	386,515	386,868	386,837	386,880	387,065	387,024	387,115	386,877	386,632	386,593	24,044	24,423	24,478	24,184	24,094	24,239	24,237	24,255	24,345	24,606	24,340	24,549	23,990	24,233	24,112	24,263	24,493	23,830	24,244	24,260	24,672	24,413	25,184	25,405	25,371	25,279	24,488	23,851	25,865	26,060	25,989	26,042	26,246	26,336	24,042	18,437	21,965	20,274	19,757	738	738	899	738	738	738	774	738	933	940	963	1,008	898	865	812	-	-	-	840	-	-	-
Intangible Assets	0	0	18,204	20,082	21,961	64,719	66,908	69,103	71,299	73,494	75,690	77,885	80,080	82,276	84,471	24,044	24,423	0	0	0	24,239	24,237	24,255	16	73	136	200	258	324	455	634	827	947	1,163	1,351	1,604	1,750	2,274	2,533	2,736	2,922	4,503	5,373	3,945	4,141	4,541	4,851	5,275	5,536	8,309	9,997	6,804	6,838	6,731	23,997	7,358	7,151	7,519	8,525	7,428	7,386	7,901	6,441	6,730	7,161	7,774	7,205	7,367	2,140	-	-	-	2,442	-	-	-
Inventory	1,323,602	1,663,617	1,660,753	1,580,313	1,447,367	1,741,716	1,462,076	1,275,040	966,481	943,900	789,836	732,890	647,230	770,990	672,773	625,849	518,513	627,102	494,294	443,006	404,842	495,991	392,672	373,445	329,562	396,892	316,368	303,950	298,432	364,514	277,279	286,230	284,009	357,753	280,607	236,499	208,116	229,861	176,502	177,375	186,090	206,154	163,004	143,712	155,222	164,726	125,378	107,679	104,097	129,169	88,884	64,423	57,469	73,023	66,520	50,750	44,070	52,103	46,542	44,635	52,051	49,062	43,433	55,048	39,092	49,694	23,848	25,406	26,628	-	-	-	21,078	-	-	-
Liabilities And Stockholders Equity	7,091,941	6,022,264	5,992,458	5,571,544	5,607,038	5,309,436	4,920,711	4,697,212	4,942,478	4,572,007	4,405,098	4,329,831	4,185,215	3,627,920	3,494,027	3,201,786	3,281,354	2,855,144	2,694,744	2,463,020	2,084,711	1,981,011	1,881,157	2,011,705	1,998,483	1,720,449	1,686,923	1,609,334	1,657,541	1,478,940	1,415,501	1,401,655	1,314,077	1,321,559	1,294,221	1,337,716	1,296,213	1,284,487	1,297,920	1,290,957	1,249,688	1,174,554	1,114,122	1,053,476	1,051,078	888,781	829,138	770,619	734,634	636,070	586,461	536,460	499,302	418,972	363,696	333,090	307,258	246,768	225,826	207,786	211,636	198,019	174,469	159,324	155,092	141,176	83,498	69,034	71,855	-	-	-	41,914	-	-	-
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	-	-	-	-	-	-	-	-
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	0	0	-	-	-	-	-	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-
Net Debt	-840,681	76,954	86,043	148,481	-84,533	685,859	455,293	255,527	-378,819	-133,686	-375,220	-394,677	-351,836	291,887	257,589	-39,118	-353,544	109,157	74,755	88,697	-881,320	-703,607	-677,841	-961,048	-990,501	-637,890	-721,212	-698,289	-734,846	-480,386	-535,350	-550,046	-501,482	-403,446	-541,262	-655,881	-664,479	-633,582	-725,073	-751,965	-698,649	-600,745	-610,273	-588,418	-590,179	-439,423	-444,286	-424,330	-409,437	-276,946	-264,728	-260,871	-316,286	-224,775	-178,172	-173,640	-159,573	-101,832	-83,797	-59,271	-56,797	-52,039	-43,735	-34,062	-53,339	-36,325	-9,727	-2,938	-16,029	-	-	-	-3,877	-	-	-
Net Invested Capital	4,232,081	3,525,849	3,533,482	3,320,076	3,148,799	3,039,204	2,857,798	2,668,050	2,740,046	2,658,455	2,671,166	2,639,855	2,558,566	2,162,953	2,001,102	1,835,787	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	124,769	407,262	106,221	107,468	132,906	96,179	81,784	78,391	77,001	75,343	56,150	56,956	75,708	73,081	81,622	62,126	40,219	35,744	27,659	20,105	35,786	29,448	23,535	21,875	19,173	21,281	15,873	10,707	9,200	11,910	10,196	9,502	13,108	12,463	12,209	13,287	13,746	10,719	8,835	7,849	11,903	12,105	11,597	7,754	6,351	8,041	6,639	4,848	5,202	10,814	9,720	12,149	9,116	9,121	7,851	9,177	8,238	6,515	5,789	3,868	4,029	4,007	4,505	4,338	4,432	4,532	3,458	3,548	2,291	-	-	-	1,300	-	-	-
Net Tangible Assets	0	3,380,661	3,361,499	3,299,994	3,102,694	2,974,485	2,790,890	2,212,110	2,281,867	2,197,896	2,126,302	2,096,134	2,091,609	2,080,677	1,916,631	1,811,743	1,927,795	1,624,258	1,483,195	1,342,626	1,421,736	1,382,520	1,295,960	1,611,873	1,572,281	1,396,800	1,373,060	1,323,439	1,335,416	1,179,902	1,131,305	1,110,905	1,002,705	1,034,552	1,069,857	1,118,735	1,063,405	1,057,803	1,098,729	1,100,274	1,068,481	1,013,769	950,064	900,250	0	737,291	689,836	636,745	569,504	492,304	466,955	423,044	363,277	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Net Working Capital	2,429,316	1,916,785	1,937,563	1,796,531	1,667,255	1,311,346	1,179,884	1,096,349	1,209,519	1,193,274	1,293,953	1,288,638	1,241,201	869,935	726,446	1,063,049	1,187,520	876,907	780,404	668,642	928,805	919,796	858,876	1,185,514	1,143,684	947,771	946,731	926,708	921,288	810,202	765,245	768,765	691,535	720,176	770,161	829,310	791,131	796,907	859,202	875,900	829,325	785,977	737,199	689,293	653,696	549,894	528,549	487,271	423,654	345,302	319,014	290,998	303,915	247,441	212,337	192,646	157,732	126,621	107,464	86,534	71,653	60,716	69,975	66,674	62,085	56,438	13,143	13,233	-	-	-	-	-	-	-	-
Non Current Assets Total	3,031,364	2,657,365	2,668,525	2,518,242	2,447,585	2,675,255	2,533,617	2,393,972	2,327,625	2,260,713	2,129,791	2,076,379	2,060,836	2,027,107	2,004,272	1,507,241	1,473,416	1,403,468	1,361,731	1,291,436	655,429	617,544	573,120	558,850	562,201	532,101	515,901	476,653	494,804	456,030	452,818	430,462	397,038	393,055	375,952	364,924	345,201	339,830	323,818	309,574	306,849	293,963	275,982	271,857	264,025	247,697	225,613	212,514	207,541	208,254	202,489	186,472	110,023	107,255	104,646	93,647	90,848	80,700	83,094	93,877	94,648	90,532	76,278	62,449	57,186	48,797	45,219	34,435	23,362	-	-	-	14,697	-	-	-
Non Current Liabilities Other	29,201	27,650	24,748	911,609	910,957	867,958	773,877	740,655	743,746	697,085	9,761	9,365	8,976	643,740	639,565	693,739	665,286	617,449	620,642	579,524	124,010	129,001	110,199	106,548	107,589	58,596	57,155	48,724	48,857	50,699	50,663	51,620	50,332	49,748	47,100	45,423	43,131	40,100	0	0	0	0	0	0	0	29,770	27,817	26,383	25,014	24,466	21,826	21,609	19,645	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Non Current Liabilities Total	1,228,599	1,048,301	1,072,606	994,697	966,041	947,397	855,703	822,271	797,098	795,532	752,578	725,162	743,471	734,089	729,616	734,503	708,718	631,639	634,756	593,358	138,259	130,583	111,781	108,130	108,925	58,596	64,823	55,674	56,119	61,763	61,861	63,002	61,091	53,272	50,645	49,223	46,764	51,476	56,353	57,093	39,492	37,180	33,893	31,090	30,422	29,770	27,817	26,383	25,014	24,466	21,826	21,609	19,645	28,023	23,669	18,497	15,472	14,722	13,479	12,141	11,459	10,989	9,745	7,289	6,918	7,174	5,393	2,610	2,624	-	-	-	1,610	-	-	-
Non Currrent Assets Other	186,684	135,193	179,775	167,855	162,447	122,649	119,739	113,192	138,193	103,463	100,798	87,755	113,357	124,233	55,440	92,049	87,636	25,021	20,820	15,859	63,953	10,091	10,197	8,884	63,880	9,056	24,175	21,063	46,748	19,359	32,911	14,285	22,656	10,184	10,581	8,018	23,030	5,733	5,039	5,102	23,045	5,243	4,125	4,164	4,152	4,181	5,095	12,619	4,141	4,434	4,556	4,597	2,762	3,493	3,587	6,355	3,673	6,415	6,330	5,654	5,453	10,900	7,249	5,500	3,899	2,699	9,225	4,418	999	-	-	-	801	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,616	5,136	4,805	4,435	4,288	4,048	3,904	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Other Assets	0	49,652	50,172	47,882	47,747	49,627	50,740	143,250	138,193	134,284	48,919	38,834	113,357	124,233	108,889	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Current Assets	368,235	50,527	330,734	339,989	371,578	63,838	50,054	45,083	269,573	19,597	21,876	22,109	187,506	179,970	10,077	156,374	110,761	75,962	74,750	50,032	93,735	57,828	51,786	44,037	67,271	42,496	51,408	43,504	48,269	42,738	51,376	33,320	40,095	30,066	84,191	67,125	78,417	70,495	63,692	44,194	58,100	61,587	53,266	41,735	35,301	28,894	27,222	26,096	8,357	10,887	20,640	12,545	6,408	4,798	6,507	5,876	4,529	5,618	12,393	6,135	4,111	2,378	2,740	3,427	1,043	1,828	20	192	192	-	-	-	274	-	-	-
Other Current Liab	727,071	708,396	654,503	534,831	860,016	662,196	578,358	536,622	718,415	577,852	490,700	458,586	388,993	327,257	386,176	302,624	291,511	241,651	223,099	193,855	112,698	18,565	174,218	15,573	6,427	23,525	16,931	99,888	105,677	127,445	99,738	97,681	109,145	110,698	93,265	88,156	75,638	98,330	69,498	58,163	100,098	56,141	53,365	48,825	49,061	54,969	39,597	57,800	44,670	76,474	60,513	55,581	78,705	55,001	39,438	38,778	32,548	33,581	32,195	22,157	-19,333,494	38,322	26,894	25,349	-1,093,975	23,336	20,207	6,641	26,351	-	-	-	6,365	-	-	-
Other Liab	0	97,347	95,870	106,115	103,679	97,024	97,838	96,001	105,042	111,072	107,844	108,245	110,881	98,703	96,970	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Stockholder Equity	575,369	536,390	505,127	478,496	474,645	455,444	433,092	412,713	422,507	406,413	381,737	364,743	388,667	374,352	358,414	334,201	355,541	343,335	329,915	317,204	315,285	307,154	299,702	291,352	284,253	275,871	272,043	267,369	266,622	262,440	257,710	250,799	245,533	246,814	249,078	245,136	241,695	239,500	240,343	240,678	240,351	242,465	235,953	221,300	221,372	211,194	224,060	218,252	205,557	202,076	197,022	190,751	179,870	172,214	168,616	165,627	158,921	148,413	146,919	157,677	155,961	152,327	142,734	138,231	136,005	134,947	101,638	100,518	99,111	-	-	-	95,835	-	-	-
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	-	-	-	-	-	-	-	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Property Plant And Equipment Gross	4,028,846	3,586,632	2,446,370	1,312,793	2,239,033	1,122,490	1,059,859	974,784	0	876,489	1,536,008	1,493,824	1,480,522	1,433,966	1,424,319	1,391,148	1,361,357	1,308,864	1,274,134	1,209,712	567,237	531,250	487,500	472,300	473,600	440,400	427,000	398,833	423,500	399,700	395,010	377,800	349,605	346,700	324,100	314,300	296,000	301,800	285,800	271,400	255,600	243,600	228,800	222,900	214,600	204,100	181,100	168,400	162,900	153,100	151,120	144,900	71,000	67,457	64,600	63,800	61,591	59,900	61,300	61,000	61,700	59,900	55,500	49,100	43,600	36,377	27,215	21,169	18,822	-	-	-	10,427	-	-	-
Property Plant And Equipment Net	2,811,421	2,462,525	2,446,370	2,306,264	2,239,033	2,069,177	1,927,760	1,794,782	1,731,253	1,665,870	1,536,008	1,493,824	1,480,522	1,433,966	1,424,319	1,391,148	1,361,357	1,308,864	1,274,134	1,209,712	567,237	531,250	487,546	472,262	473,642	440,403	426,961	398,833	423,499	399,658	395,010	377,813	349,605	346,705	324,093	314,336	296,008	301,841	285,849	271,370	255,603	243,626	228,794	222,878	214,639	204,052	181,122	168,374	162,941	153,119	151,120	144,917	70,954	67,457	64,609	63,844	61,591	59,900	61,265	60,960	61,662	59,893	55,473	49,063	44,039	36,377	27,215	21,169	18,822	-	-	-	10,427	-	-	-
Property Plant Equipment	0	2,462,525	2,446,370	1,312,793	1,269,614	1,122,490	1,059,859	1,794,782	927,710	1,665,870	1,536,008	1,493,824	1,480,522	719,880	698,514	659,265	671,693	656,372	617,090	582,738	567,237	531,250	487,546	472,262	473,642	440,403	426,961	398,833	423,499	399,658	395,010	377,813	349,605	346,705	324,093	314,336	296,008	301,841	285,849	271,370	255,603	243,626	228,794	222,878	0	204,052	181,122	168,374	162,941	153,119	151,120	144,917	70,954	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Retained Earnings	3,920,362	3,304,683	3,267,589	3,118,584	2,926,127	2,874,955	2,636,377	2,471,432	2,512,840	2,398,186	2,445,845	2,408,006	2,346,428	2,016,591	1,872,948	1,786,147	1,820,637	1,522,921	1,404,866	1,281,432	1,346,890	1,310,452	1,224,044	1,530,147	1,455,002	1,336,216	1,285,559	1,312,957	1,294,214	1,158,834	1,090,549	1,049,430	1,019,515	1,003,331	1,035,903	1,050,016	1,020,619	926,369	937,767	942,803	923,822	814,130	748,018	691,554	644,275	534,900	477,584	420,362	373,719	300,201	261,407	223,028	189,656	134,890	109,189	87,397	67,809	39,358	25,290	16,046	9,528	-11,160	-10,211	-21,359	-29,835	-44,444	-52,013	-57,135	-60,677	-	-	-	-68,344	-	-	-
Retained Earnings Total Equity	0	0	0	3,118,584	2,926,127	2,874,955	2,636,377	2,471,432	2,512,840	2,398,186	2,445,845	2,408,006	2,346,428	2,016,591	1,872,948	1,786,147	1,820,637	1,522,921	1,404,866	1,281,432	1,346,890	1,310,452	1,224,044	1,530,147	1,455,002	1,336,216	1,285,559	1,312,957	1,294,214	1,158,834	1,090,549	1,049,430	1,019,515	1,003,331	1,035,903	1,050,016	1,020,619	926,369	937,767	942,803	923,822	814,130	748,018	691,554	0	534,900	477,584	420,362	373,719	300,201	261,407	223,028	189,656	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Short Long Term Debt Total	1,403,282	1,168,092	1,193,573	1,099,088	1,070,334	1,038,483	954,124	904,543	881,052	859,905	794,821	785,062	798,681	773,468	780,587	783,888	739,961	695,310	698,493	664,938	0	0	100,000	5,523	0	12,164	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,455	-	-	-	-	-	-	-	-
Short Term Debt	249,270	217,138	216,837	210,506	207,972	188,110	196,259	178,273	188,996	175,445	150,087	168,145	166,091	138,082	147,941	144,646	128,497	131,385	130,182	127,180	192,834	208,492	100,000	166,003	178,857	150,439	132,141	38,154	40,472	31,958	43,224	47,917	48,242	56,662	11,207	10,782	28,652	11,859	9,070	9,441	-37,574	9,900	9,004	10,329	48,138	11,992	10,722	-8,897	21,460	0	0	0	0	0	0	0	-15,102	0	0	0	-19,373,559	0	0	0	-1,124,597	0	0	1,455	-	-	-	-	-	-	-	-
Short Term Investments	8	47	8	8	8	8	34,894	136,127	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-	-	-	-	-	-
Total Assets	7,091,941	6,022,264	5,992,458	5,571,544	5,607,038	5,309,436	4,920,711	4,697,212	4,942,478	4,572,007	4,405,098	4,329,831	4,185,215	3,627,920	3,494,027	3,201,786	3,281,354	2,855,144	2,694,744	2,463,020	2,084,711	1,981,011	1,881,157	2,011,705	1,998,483	1,720,449	1,686,923	1,609,334	1,657,541	1,478,940	1,415,501	1,401,655	1,314,077	1,321,559	1,294,221	1,337,716	1,296,213	1,284,487	1,297,920	1,290,957	1,249,688	1,174,554	1,114,122	1,053,476	1,051,078	888,781	829,138	770,619	734,634	636,070	586,461	536,460	499,302	418,972	363,696	333,090	307,258	246,768	225,826	207,786	211,636	198,019	174,469	159,324	155,092	141,176	83,498	69,034	71,855	-	-	-	41,914	-	-	-
Total Current Assets	4,060,577	3,364,899	3,323,933	3,053,302	3,159,453	2,634,181	2,387,094	2,303,240	2,614,853	2,311,294	2,275,307	2,253,452	2,124,379	1,600,813	1,489,755	1,694,545	1,807,938	1,451,676	1,333,013	1,171,584	1,429,282	1,363,467	1,308,037	1,452,855	1,436,282	1,188,348	1,171,022	1,132,681	1,162,737	1,022,910	962,683	971,193	917,039	928,504	918,269	972,792	951,012	944,657	974,102	981,383	942,839	880,591	838,140	781,619	787,053	641,084	603,525	558,105	527,093	427,816	383,972	349,988	389,279	311,717	259,050	239,443	216,410	166,068	142,732	113,909	116,988	107,487	98,191	96,875	97,906	92,379	38,279	34,600	48,493	-	-	-	27,217	-	-	-
Total Current Liabilities	1,631,261	1,448,114	1,386,370	1,256,771	1,492,198	1,322,835	1,207,210	1,206,891	1,405,334	1,118,020	981,354	964,814	883,178	730,878	763,309	631,496	620,418	574,769	552,609	502,942	500,477	443,671	449,161	267,341	292,598	240,577	224,291	205,973	241,449	212,708	197,438	202,428	225,504	208,328	148,108	143,482	159,881	147,750	114,900	105,483	113,514	94,614	100,941	92,326	133,357	91,190	74,976	70,834	103,439	82,514	64,958	58,990	85,364	64,276	46,713	46,797	58,678	39,447	35,268	27,375	45,335	46,770	28,216	30,201	35,822	35,941	25,135	21,367	31,284	-	-	-	12,242	-	-	-
Total Liab	2,859,860	2,496,415	2,458,976	2,251,468	2,458,239	2,270,232	2,062,913	2,029,162	2,202,432	1,913,552	1,733,932	1,689,976	1,626,649	1,464,967	1,492,925	1,365,999	1,329,136	1,206,408	1,187,365	1,096,300	638,736	574,254	560,942	375,471	401,523	299,173	289,114	261,647	297,568	274,471	259,299	265,430	286,595	261,600	198,753	192,705	206,645	199,226	171,253	162,576	153,006	131,794	134,834	123,416	163,779	120,960	102,793	97,217	128,453	106,980	86,784	80,599	105,009	92,299	70,382	65,294	74,150	54,169	48,747	39,516	56,794	57,759	37,961	37,490	42,739	43,115	30,528	23,977	33,908	-	-	-	13,852	-	-	-
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	-	-	-	-	-	-	-	-
Total Stockholder Equity	4,232,081	3,525,849	3,533,482	3,320,076	3,148,799	3,039,204	2,857,798	2,668,050	2,740,046	2,658,455	2,671,166	2,639,855	2,558,566	2,162,953	2,001,102	1,835,787	1,952,218	1,648,736	1,507,379	1,366,720	1,445,975	1,406,757	1,320,215	1,636,234	1,596,960	1,421,276	1,397,809	1,347,687	1,359,973	1,204,469	1,156,202	1,136,225	1,027,482	1,059,959	1,095,468	1,145,011	1,089,568	1,085,261	1,126,667	1,128,381	1,096,682	1,042,760	979,288	930,060	887,299	767,821	720,729	673,402	601,376	524,655	495,389	451,813	390,389	322,149	289,354	267,796	233,108	192,599	177,079	168,270	154,843	140,260	136,508	121,577	112,034	97,586	52,466	44,490	37,379	-	-	-	28,052	-	-	-
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31
Begin Period Cash Flow	1,154,859	1,259,871	1,150,517	1,093,505	990,501	990,501	734,846	501,482	664,479	698,649	409,437	409,437	316,286	159,573	56,797	52,545	16,029	3,877	2,652
Capital Expenditures	651,865	638,657	394,502	229,226	225,807	225,807	157,864	149,511	143,487	119,733	93,229	93,229	122,311	42,839	16,307	40,530	29,676	12,414	7,846
Cash And Cash Equivalents Changes	0	-70,961	116,230	27,016	213,735	-109,181	255,655	233,364	-162,997	-34,170	108,470	0	93,151	156,713	0	0	0	0	0
Cash Flows Other Operating	0	-180,498	35,721	-190,529	-155,633	12,791	53,763	-29,022	-51,895	-7,262	-10,617	0	-15,505	24,332	0	0	0	0	0
Change In Cash	1,089,104	-105,004	109,354	57,012	-109,181	-109,181	255,655	233,364	-162,997	-34,170	180,742	180,742	93,151	156,713	102,776	4,252	37,311	12,152	1,225
Change In Working Capital	199,223	-596,992	129,131	-47,549	112,875	112,875	104,628	603	-59,743	8,577	-32,258	-32,258	-13,730	23,966	30,790	-3,363	-8,504	12,869	-16,677
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	-118,627	174,877	-88,201	66,539	66,539	48,934	-8,677	82,039	29,004	8,207	8,207	3,743	-587	2,229	0	0	0	0
Change To Inventory	66,584	-510,510	-323,609	-96,548	-85,942	-85,942	-21,178	-5,403	-83,286	-26,806	-51,022	-51,022	-46,072	-7,954	11,296	-19,782	-12,057	-5,431	-10,694
Change To Liabilities	0	70,679	398,320	130,625	67,214	179,167	65,841	30,480	71,791	43,264	-6,702	0	0	0	0	0	0	0	0
Change To Netincome	0	440,201	79,148	76,494	67,797	30,478	24,014	-2,014	22,700	7,856	4,450	0	2,996	8,502	0	0	0	0	0
Change To Operating Activities	0	-16,740	122,758	-3,535	-25,047	55,979	46,035	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	379,384	291,791	224,206	185,478	122,484	122,484	108,235	87,697	73,383	58,364	43,000	43,000	30,259	24,614	20,832	15,823	8,341	4,619	2,466
Dividends Paid	0	23,905	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,454,775	0	0
End Period Cash Flow	2,243,963	1,154,867	1,259,871	1,150,517	881,320	881,320	990,501	734,846	501,482	664,479	590,179	590,179	409,437	316,286	159,573	56,797	53,339	16,029	3,877
Exchange Rate Changes	0	0	0	0	0	-18,952	37,572	23,094	-44,557	-79,809	-72,368	0	-3,517	5,858	0	0	0	0	0
Free Cash Flow	1,644,299	327,806	994,606	574,110	516,972	516,972	331,473	235,608	155,253	194,716	186,884	186,884	81,304	137,156	101,653	5,907	8,415	13,285	-18,128
Investments	-654,132	47,804	-23,389	-695,532	347	-16,216	-7,203	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	-923	0	0	0	0	0	0	0	0	0	0	0
Net Income	1,550,190	854,800	975,322	588,913	483,801	483,801	258,662	303,381	266,047	239,033	271,431	271,431	184,964	122,197	58,281	39,363	30,842	7,666	1,394
Other Cashflows From Financing Activities	-32,606	47,778	-50,579	-32,388	-10,044	-9,524	-3,229	-2,918	-4,204	-1,646	-5,491	-5,491	15,364	13,699	-2,649	12,024	564	222	-72,951
Other Cashflows From Investing Activities	0	20,916	-10,000	-13,725	4,293	-771	-8,325	0	0	0	0	0	-5,654	-12,482	0	0	0	0	0
Other Non Cash Items	102,190	335,747	-3,508	-9,211	-21,735	-21,735	11,618	-5,821	-2,445	-1,881	-11,252	-11,252	-7,525	-9,289	2,054	-1,087	5,947	2,830	2,700
Sale Purchase Of Stock	-558,652	-479,159	-812,602	-63,663	-598,340	-598,340	-100,261	-29,327	-274,193	-147,431	8,171	0	9,614	5,836	0	0	-6,992	0	0
Stock Based Compensation	93,560	78,075	69,137	50,797	28,568	28,568	17,610	16,822	10,356	8,269	15,637	15,637	10,340	7,273	5,616	2,143	-334	793	10
Total Cash From Financing Activities	-548,828	-467,487	-844,987	-80,788	-590,214	-590,214	-97,862	-25,338	-273,693	-149,077	-5,491	-5,491	15,364	13,699	-2,649	13,461	31,977	669	20,086
Total Cash From Operating Activities	2,296,164	966,463	1,389,108	803,336	742,779	742,779	489,337	385,119	298,740	314,449	280,113	280,113	203,615	179,995	117,960	46,438	38,091	25,699	-10,282
Total Cashflows From Investing Activities	0	-569,937	-427,891	-695,532	-278,408	-242,794	-173,392	-149,511	-143,487	-119,733	-106,408	0	-122,311	-42,839	0	0	0	0	0

	2024-01-31	2023-10-31	2023-07-31	2023-04-30	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30	2020-01-31	2019-10-31	2019-07-31	2019-04-30	2019-01-31	2018-10-31	2018-07-31	2018-04-30	2018-01-31	2017-10-31	2017-07-31	2017-04-30	2017-01-31	2016-10-31	2016-07-31	2016-04-30	2016-01-31	2015-10-31	2015-07-31	2015-04-30	2015-01-31	2014-10-31	2014-07-31	2014-04-30	2014-01-31	2013-10-31	2013-07-31	2013-04-30	2013-01-31	2012-10-31	2012-07-31	2012-04-30	2012-01-31	2011-10-31	2011-07-31	2011-04-30	2011-01-31	2010-10-31	2010-07-31	2010-04-30	2010-01-31	2009-10-31	2009-07-31	2009-04-30	2009-01-31	2008-10-31	2008-07-31	2008-04-30	2008-01-31	2007-10-31	2007-07-31	2007-04-30
Begin Period Cash Flow	1,091,091	1,107,530	950,607	1,154,867	352,624	498,831	649,016	1,259,871	993,591	1,170,041	1,179,739	1,150,517	481,581	522,998	823,006	1,093,505	586,153	623,738	576,241	881,320	703,607	777,841	966,571	990,501	650,054	721,212	698,289	734,846	480,386	535,350	550,046	501,482	403,446	541,262	655,881	664,479	633,582	725,073	751,965	698,649	600,745	610,273	588,418	590,179	439,423	444,286	424,330	409,437	276,946	264,728	260,871	316,286	224,775	178,172	173,640	159,573	101,832	83,797	59,271	56,797	52,039	43,735	34,062	53,339	36,325	9,727	4,393	16,029
Capital Expenditures	206,512	162,900	145,511	136,942	206,980	175,607	144,718	111,352	127,511	122,497	80,269	64,225	58,396	66,107	52,622	52,101	68,831	78,453	67,330	68,434	69,061	72,739	49,693	34,314	50,736	57,239	30,010	19,879	43,343	34,907	44,617	26,644	35,426	42,943	37,182	27,936	30,360	37,271	26,655	25,447	34,463	27,931	23,038	20,976	21,188	32,995	26,350	12,696	15,967	19,020	12,493	74,831	8,406	10,380	18,175	5,878	6,093	3,911	3,748	2,555	10,487	10,759	10,684	8,600	10,495	9,843	6,293	3,045
Cash And Cash Equivalents Changes	0	0	0	-208,115	0	0	0	-604,144	294,741	-186,023	1,102	6,410	639,560	-45,126	-309,962	-257,456	510,659	-44,012	44,091	-297,003	177,713	-74,234	-188,730	-23,930	340,447	-71,158	22,923	-36,557	254,460	-54,964	-14,696	48,564	98,036	-137,816	-114,619	-8,598	30,897	-91,491	-26,892	53,316	97,904	-9,528	21,855	-1,761	0	-4,863	19,956	14,893	132,491	12,218	3,857	-55,415	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	2,287	0	0	0	-14,282	106,695	-78,892	37,282	-29,364	588	-93,308	-13,802	-84,007	-994	-35,183	-54,117	-65,339	73,349	-18,961	-47,924	6,327	42,355	19,930	-12,897	4,375	18,452	-14,116	-23,343	-10,015	25,637	-64,123	-21,945	8,536	-4,675	18,817	-19,642	-1,762	22,631	-9,514	-10,520	-13,214	0	-102,752	49,183	29,451	-14,969	10,288	-29	-10,795	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	1,152,872	-16,392	156,923	-204,260	802,243	-146,207	-150,185	-610,855	266,280	-176,450	-9,698	29,222	668,936	-41,417	-300,008	-270,499	507,352	-37,585	47,497	-305,079	177,713	-74,234	-188,730	-23,930	340,447	-71,158	22,923	-36,557	254,460	-54,964	-14,696	48,564	98,036	-137,816	-114,619	-8,598	30,897	-91,491	-26,892	53,316	97,904	-9,528	21,855	-1,761	150,756	-4,863	19,956	14,893	132,491	12,218	3,857	-55,415	91,511	46,603	4,532	14,067	57,741	18,035	24,526	2,474	4,758	8,304	9,674	-19,278	17,015	26,598	5,334	-11,636
Change In Working Capital	641,839	-90,242	-2,776	-349,598	459,532	-278,006	-272,814	-505,704	256,216	-94,473	-14,833	-17,779	286,589	-186,217	45,945	-193,866	205,537	-141,060	-61,145	-197,403	164,778	-21,872	41,440	-71,471	202,783	-48,364	2,859	-52,650	145,770	-99,590	-17,909	-27,668	126,524	-84,798	-56,644	-44,825	37,428	-27,199	-9,997	8,345	86,016	-61,238	-19,818	-55,032	51,829	-20,448	-23,084	-40,555	56,390	-13,766	-22,216	-34,138	39,481	13,664	-13,137	-16,042	29,956	1,422	9,074	-9,662	1,147	10,989	8,596	-24,095	14,421	7,762	43,295	-14,421
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	-2,557	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	0	-97,688	2,122	-169,409	100,520	-55,956	-58,288	-104,903	101,830	-2,325	47,302	28,070	39,255	-137,259	-7,564	17,367	33,250	-7,250	-62,670	-107,164	76,195	8,036	-35,313	17,621	28,780	28,958	-10,802	1,998	32,322	-23,913	-18,778	-13,277	27,969	-18,647	-14,664	-6,353	-2,846	16,167	-12,703	6,703	27,008	-11,343	-10,552	-37,646	22,870	14,140	-12,996	12,974	3,909	26,269	-4,554	-2,557	25,080	16,468	-3,398	-3,159	842	0	0	-13,555	0	0	0	347,432	0	0	0	0
Change To Inventory	368,385	-67,751	-78,876	-155,174	321,514	-321,457	-189,960	-320,607	-34,788	-151,457	-63,146	-74,218	137,606	-95,960	-15,384	-122,810	107,533	-131,766	-50,502	-42,856	91,948	-104,825	-22,295	-50,770	74,297	-85,434	3,404	-13,445	68,257	-90,607	4,035	12,912	68,031	-77,307	-48,213	-25,797	17,346	-54,132	-1,261	11,241	34,645	-45,911	-19,912	-6,229	9,516	-39,070	-18,719	-2,749	24,923	-40,831	-24,612	-5,552	16,069	-6,246	-12,411	-5,366	8,309	-5,527	245	8,269	-3,471	-10,810	10,454	-15,956	-1,630	0	0	1,630
Change To Liabilities	0	15,128	201	-196,711	101,747	56,404	-60,162	-3,186	165,610	-8,855	5,070	3,785	72,653	3,051	75,131	12,951	87,059	25,889	43,474	-89,208	-7,378	101,914	111,659	-27,028	79,929	17,140	12,352	-43,580	54,513	5,133	1,399	-30,565	29,209	56,632	13,514	-27,564	25,376	8,116	10,906	-1,134	24,086	-5,813	10,614	-35,589	0	16,698	4,154	-20,283	0	16,777	-132	-15,234	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	133,412	43,874	20,580	386,759	9,165	12,960	7,980	-3,157	42,075	38,784	36,447	49,237	18,883	7,915	459	35,102	16,120	11,401	5,174	14,150	2,623	8,323	5,382	13,580	-9,869	2,662	17,641	-13,625	4,690	4,040	2,881	11,622	5,717	3,502	1,859	-17,947	-6,008	622	31,189	-19,866	6,085	-2,928	21,159	0	1,305	3,269	-265	11,320	1,488	-10,048	236	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	24,045	144,402	-146,865	69,004	-20,525	-621	-64,598	-100,823	-73,678	16,358	57,320	45,697	-13,320	23,280	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	103,290	97,969	94,009	84,116	80,162	79,188	67,971	64,470	62,120	57,963	53,638	50,485	52,269	49,033	40,644	43,532	47,489	44,022	37,599	32,823	35,369	31,686	28,656	26,773	28,106	28,560	28,406	23,163	24,056	23,958	20,498	19,185	20,885	19,707	16,695	16,096	16,655	15,612	13,637	12,460	12,345	12,916	12,078	11,729	12,038	11,483	9,681	9,798	9,371	7,327	7,520	6,041	6,198	6,426	6,602	5,388	5,596	5,684	5,274	4,278	4,721	3,904	3,818	3,381	2,847	2,125	1,865	1,504
Dividends Paid	0	0	5,255	5,255	23,905	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
End Period Cash Flow	2,243,963	1,091,138	1,107,530	950,607	1,154,867	352,624	498,831	649,016	1,259,871	993,591	1,170,041	1,179,739	1,150,517	481,581	522,998	823,006	1,093,505	586,153	623,738	576,241	881,320	703,607	777,841	966,571	990,501	650,054	721,212	698,289	734,846	480,386	535,350	550,046	501,482	403,446	541,262	655,881	664,479	633,582	725,073	751,965	698,649	600,745	610,273	588,418	590,179	439,423	444,286	424,330	409,437	276,946	264,728	260,871	316,286	224,775	178,172	173,640	159,573	101,832	83,797	59,271	56,797	52,039	43,735	34,062	53,339	36,325	9,727	4,393
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	12,543	1,660	-5,802	-27,353	32,915	-21,470	47,718	-21,591	11,393	-17,317	-19,785	48,803	-33,097	-37	-26,862	15,439	-69,055	-22,462	2,271	9,437	-51,419	-7,821	-11,566	-1,562	0	745	-2,921	2,826	-2,527	-5,132	-1,461	5,603	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	1,177,586	226,953	331,199	-91,439	839,284	-109,790	-47,080	-354,608	603,473	35,855	205,394	149,884	659,536	-40,765	128,683	-173,344	505,379	-33,389	45,515	-131,237	356,842	34,111	124,496	1,523	307,292	-27,968	52,628	-479	244,445	-37,564	15,637	13,090	237,374	-49,164	-25,961	-6,996	117,248	5,585	26,355	45,528	149,070	-4,056	22,758	4,159	145,685	16,725	21,218	3,256	134,128	14,971	1,381	-69,176	83,672	42,985	3,805	6,694	60,373	18,453	22,563	264	6,746	7,303	10,722	-18,864	17,112	-8,948	8,889	-8,638
Investments	-208,807	-161,665	-145,441	-1,277	-183,075	-161,918	-123,616	10,024	13,058	10,552	-116,029	-85,464	-78,988	-5,114	4,506	6,475	-3,031	-1,684	405	4,657	-7,819	-3,883	-4,514	0	-2,604	-4,599	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100,000	0	0	0	0	0	-923	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	669,468	248,714	341,603	290,405	119,811	255,470	289,521	189,998	434,504	187,788	208,074	144,956	329,837	143,643	86,801	28,632	298,021	125,982	124,990	96,603	218,465	94,413	95,770	75,153	119,761	58,944	48,711	31,246	136,135	68,285	53,625	45,336	117,416	53,153	47,668	47,810	110,853	60,451	48,748	18,981	109,692	66,112	56,464	47,279	109,375	57,380	57,702	46,974	73,888	38,942	38,618	33,516	54,966	25,936	21,707	19,588	28,451	14,068	9,244	6,518	10,939	8,801	11,148	8,476	14,609	7,569	5,122	3,542
Other Cashflows From Financing Activities	-1,729	-17,243	-2,305	-18,283	72,230	-8,103	324	-32,059	-18,718	-13,627	-7,163	-42,899	-14,647	50,274	59,630	-30,059	-15,481	-15,607	-12,638	-18,939	-17,498	-115,290	90,347	-6,500	3,837	-1,977	-341	-1,961	-607	-83	2,243	-1,143	-6,726	-639	1,387	-1,028	-3,044	-152	-55,518	-1,649	-7,918	2,349	10,663	-4,358	-4,642	-22,333	1,659	8,811	890	2,379	3,937	8,158	-82	1,807	1,156	4,982	-4,110	81	-179	350	2,305	7,059	2,661	-8,600	1,454,690	36,723	-5,719	1,002
Other Cashflows From Investing Activities	0	1,235	70	-1,277	23,905	13,689	21,102	10,024	-381,444	-256,439	-35,760	-21,239	-20,592	-5,114	-451,581	0	5,929	-369	-1,136	-131	0	0	-771	0	-1	-8,324	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-5,654	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-25,519	-314,907	135,107	-244,902	365,129	-11,147	2,323	-10,378	-33,935	-14,583	23,495	21,515	388,095	-160,134	-7,869	-149,875	-10,489	2,055	-447	-4,983	-17,065	-2,863	-1,596	-211	-4,153	4,178	-3,318	14,911	-22,056	-123	-912	-293	-1,779	-17	-440	-209	-1,385	-1,149	2,387	-1,734	-22,974	1,920	-6,930	16,873	-4,080	-2,051	-884	-4,237	-1,912	-1,222	-2,196	-2,195	-3,539	-158	-2,359	-3,233	2,054	-1,070	1,262	-192	1,127	-3,295	-1,092	2,172	-5,951,173	-8,559	8,336	1,408
Sale Purchase Of Stock	-54,009	-212,626	-193,538	-98,479	-104,183	-16,992	-125,340	-232,644	-321,266	-236,423	-171,082	-83,831	20,168	-63,663	-63,663	-63,663	-307	-7,993	-1,569	-163,530	-184,005	-8,089	-406,238	-8	-992	-8,468	-77,997	-12,804	-771	880	-12,791	-15,765	-104,219	-87,976	-63,183	-18,815	-17,165	-74,462	-55,800	1,575	693	2,344	4,971	163	0	-24,384	775	4,574	753	1,157	1,741	5,963	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock Based Compensation	23,403	24,573	24,283	21,301	18,588	20,312	20,817	18,358	17,259	21,657	15,289	14,932	13,699	15,186	15,784	6,128	9,523	14,065	11,848	10,157	9,952	5,568	7,855	5,193	4,562	4,338	5,980	2,730	3,883	4,813	4,952	3,174	3,717	618	3,953	2,068	2,887	2,013	1,392	1,977	-2,366	4,165	4,002	4,286	3,809	3,788	4,149	3,891	2,595	2,679	2,337	2,729	1,908	1,802	1,837	1,726	1,387	1,413	1,447	1,369	2,272	-1,270	1,197	-55	5,947,097	0	0	0
Total Cash From Financing Activities	-38,245	-204,932	-190,252	-115,399	-68,059	-14,852	-125,016	-259,560	-321,790	-232,430	-168,532	-122,235	616	753	8,430	-90,587	2,382	-8,570	-693	-170,292	-183,853	-106,122	-302,139	1,900	2,845	-8,797	-77,423	-14,487	-1,378	-83	-10,548	-13,329	-106,241	-88,615	-61,796	-17,041	-17,296	-74,614	-55,518	-1,649	253	2,349	10,663	-4,358	6,372	-22,333	1,659	8,811	890	2,379	3,937	8,158	5,754	1,807	1,156	4,982	-2,901	81	-179	350	2,336	8,131	2,939	54	-30	36,723	-5,719	1,002
Total Cash From Operating Activities	1,384,098	389,853	476,710	45,503	1,046,264	65,817	97,638	-243,256	730,984	158,352	285,663	214,109	717,932	25,342	181,305	-121,243	574,210	45,064	112,845	-62,803	425,903	106,850	174,189	35,837	358,028	29,271	82,638	19,400	287,788	-2,657	60,254	39,734	272,800	-6,221	11,221	20,940	147,608	42,856	53,010	70,975	183,533	23,875	45,796	25,135	166,873	49,720	47,568	15,952	150,095	33,991	13,874	5,655	92,078	53,365	21,980	12,572	66,466	22,364	26,311	2,819	17,233	18,062	21,407	-10,264	27,607	895	15,183	-5,594
Total Cashflows From Investing Activities	0	-161,665	-145,441	-138,219	-183,075	-161,918	-123,616	-101,328	-114,453	-111,945	-116,029	-85,464	-78,988	-71,221	-499,697	-45,626	-65,933	-80,506	-68,061	-63,908	-76,880	-76,622	-54,978	-34,314	-53,341	-70,162	-30,010	-19,879	-43,343	-34,907	-44,617	-26,644	-35,426	-42,943	-37,182	-27,936	-30,360	-37,271	-26,655	-25,447	-34,463	-27,931	-23,038	-20,976	0	-32,995	-26,350	-12,696	-15,967	-19,020	-12,493	-74,831	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.

	2024-01-31	2023-01-31	2022-01-31	2021-01-31	2020-01-31	2019-01-31	2018-01-31	2017-01-31	2016-01-31	2015-01-31	2014-01-31	2013-01-31	2012-01-31	2011-01-31	2010-01-31	2009-01-31	2008-01-31	2007-01-31	2006-01-31	2005-01-31	2004-01-31
Cost Of Revenue	4,014,883	3,618,178	2,648,052	1,937,888	1,472,032	1,472,032	1,250,391	1,144,775	1,063,357	883,033	607,532	607,532	431,569	316,757	229,812	174,421	128,411	72,903	41,177	-	-
Depreciation And Amortization	379,384	8,752	8,782	5,160	122,484	122,484	108,235	87,697	73,383	58,364	43,000	43,000	30,259	24,614	20,832	15,823	8,341	4,619	2,466	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Ebit	2,207,644	2,123,874	1,416,143	879,670	705,836	705,836	424,816	421,152	369,076	376,033	376,439	376,439	286,958	181,049	87,140	60,148	50,125	23,442	3,727	40,748	761
Ebitda	2,587,028	2,132,626	1,424,925	884,830	828,320	828,320	533,051	508,849	442,459	434,397	419,439	419,439	317,217	205,663	107,972	75,971	58,466	28,060	6,193	40,748	761
Effect Of Accounting Charges	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	-	-
Gross Profit	5,604,395	4,492,340	3,608,565	2,463,991	1,816,287	1,816,287	1,398,790	1,199,617	997,166	914,180	762,826	762,826	569,270	394,947	223,086	179,067	146,302	75,982	42,952	40,748	18,188
Income Before Tax	2,175,735	1,332,571	1,333,869	819,350	715,250	715,250	459,998	422,729	368,495	383,135	381,396	381,396	289,458	183,277	86,710	57,386	50,979	16,308	3,730	-	757
Income Tax Expense	625,545	477,771	358,547	230,437	231,449	231,449	201,336	119,348	102,448	144,102	109,965	109,965	104,494	61,080	28,429	16,884	20,471	8,753	2,336	1,411	438
Interest Expense	0	0	82,274	60,320	170,216	9,414	73,053	1,577	581	7,102	5,768	4,082	1,599	1,878	430	3,900	1,188	7,022	4	0	4
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	901	350	0	0	0	0	0	-	-
Net Income	1,550,190	854,800	975,322	588,913	483,801	483,801	258,662	303,381	266,047	239,033	279,547	270,556	184,063	121,847	58,281	39,363	30,842	7,666	1,394	-1,411	319
Net Income Applicable To Common Shares	0	854,800	975,322	588,913	645,596	483,801	258,662	303,381	266,047	239,033	279,547	0	184,063	121,847	0	0	0	0	0	-	-
Net Income From Continuing Ops	1,550,190	854,800	975,322	588,913	645,596	483,801	258,662	303,381	266,047	239,033	279,547	0	184,964	122,197	0	0	0	0	0	-	-
Net Interest Income	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	4,163	514	-636	8,283	9,414	3,997	1,577	-581	7,102	5,768	0	2,500	2,886	0	0	0	0	0	-	-
Non Recurring	0	407,913	41,394	29,842	0	0	38,525	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Operating Income	2,207,644	1,328,408	1,333,355	819,986	705,836	705,836	456,001	421,152	369,076	376,033	376,439	376,439	286,958	180,391	86,546	56,564	50,125	16,213	3,727	40,748	761
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Operating Expenses	7,411,634	6,384,377	4,881,868	3,552,051	2,582,483	2,582,483	2,154,655	1,923,240	1,691,447	1,421,180	993,919	993,919	713,881	529,541	365,973	296,924	224,589	132,671	80,402	-	17,427
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Reconciled Depreciation	379,384	291,791	224,206	185,478	161,933	122,484	108,235	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	-	-
Selling And Marketing Expenses	0	328,600	297,500	216,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Selling General Administrative	3,397,218	2,757,447	1,927,534	1,393,003	1,332,768	1,111,844	911,581	778,465	628,090	538,147	448,700	386,400	282,400	214,600	136,161	118,100	93,400	0	0	-	-
Tax Provision	625,545	477,771	358,547	230,437	251,797	231,449	201,336	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Operating Expenses	3,396,751	2,766,199	2,233,816	1,614,163	1,110,451	1,110,451	904,264	778,465	628,090	538,147	386,387	386,387	282,312	212,784	136,161	122,503	96,177	59,768	39,225	-	17,427
Total Other Income Expense Net	-31,909	-393,570	-40,880	-30,478	9,414	9,414	-34,528	1,577	-581	7,102	4,957	4,957	2,500	1,114	-215	-3,583	854	-7,228	4	-	-4
Total Revenue	9,619,278	8,110,518	6,256,617	4,401,879	3,288,319	3,288,319	2,649,181	2,344,392	2,060,523	1,797,213	1,370,358	1,370,358	1,000,839	711,704	452,898	353,488	274,713	148,885	84,129	40,748	18,188

	2024-01-31	2023-10-31	2023-07-31	2023-04-30	2023-01-31	2022-10-31	2022-07-31	2022-04-30	2022-01-31	2021-10-31	2021-07-31	2021-04-30	2021-01-31	2020-10-31	2020-07-31	2020-04-30	2020-01-31	2019-10-31	2019-07-31	2019-04-30	2019-01-31	2018-10-31	2018-07-31	2018-04-30	2018-01-31	2017-10-31	2017-07-31	2017-04-30	2017-01-31	2016-10-31	2016-07-31	2016-04-30	2016-01-31	2015-10-31	2015-07-31	2015-04-30	2015-01-31	2014-10-31	2014-07-31	2014-04-30	2014-01-31	2013-10-31	2013-07-31	2013-04-30	2013-01-31	2012-10-31	2012-07-31	2012-04-30	2012-01-31	2011-10-31	2011-07-31	2011-04-30	2011-01-31	2010-10-31	2010-07-31	2010-04-30	2010-01-31	2009-10-31	2009-07-31	2009-04-30	2009-01-31	2008-10-31	2008-07-31	2008-04-30	2008-01-31	2007-10-31	2007-07-31	2007-04-30	2007-01-31	2006-10-31	2006-07-31	2006-04-30	2006-01-31	2005-10-31	2005-07-31	2005-04-30
Cost Of Revenue	1,301,678	947,554	910,654	849,987	1,244,219	818,037	812,852	743,070	892,941	621,028	607,932	526,151	716,816	490,072	413,441	317,560	586,665	411,094	397,556	360,595	498,875	340,878	327,306	304,973	406,291	297,056	283,632	263,412	362,041	265,990	260,359	256,385	349,809	254,896	240,985	217,667	292,450	208,308	193,401	188,874	242,203	175,294	158,558	175,057	210,982	141,237	126,879	128,434	162,502	101,720	90,251	77,096	101,939	78,968	71,910	63,940	74,046	56,553	52,557	46,731	52,261	45,154	41,108	36,645	48,729	30,270	27,434	21,979	-	-	-	-	-	-	-	-
Depreciation And Amortization	103,290	97,969	1,879	1,878	2,173	79,188	67,971	64,470	2,197	57,963	53,638	50,485	2,195	2,241	40,644	43,532	47,489	44,022	37,599	32,823	35,369	31,686	28,656	26,773	28,106	28,560	28,406	23,163	24,056	23,958	20,498	19,185	20,885	19,707	16,695	16,096	16,655	15,612	13,637	12,460	12,345	12,916	12,078	11,729	12,038	11,483	9,681	9,798	9,371	7,327	7,520	6,041	6,198	6,426	6,602	5,388	5,596	5,684	5,274	4,278	4,721	3,904	3,818	3,381	2,847	2,125	1,865	1,504	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-
Ebit	941,361	487,117	479,257	401,414	1,130,252	352,427	380,848	260,347	593,476	306,201	307,317	209,149	473,510	221,982	147,337	-10,781	368,998	175,829	167,982	128,812	296,051	135,903	134,208	104,305	232,174	127,602	75,084	70,085	172,573	92,975	53,461	57,589	145,398	68,178	66,579	68,036	140,533	81,156	67,888	69,801	141,802	92,336	78,986	65,889	152,575	80,611	70,188	63,267	118,187	59,102	58,886	50,783	74,301	42,285	32,151	32,313	42,127	20,929	9,035	9,775	20,239	12,965	15,333	11,267	21,677	11,411	9,699	6,848	-	-	-	-	-	-	-	-
Ebitda	1,044,651	585,086	481,136	403,292	1,132,425	431,615	448,819	324,817	595,673	364,164	360,955	259,634	475,705	224,223	187,981	32,751	416,487	219,851	205,581	161,635	331,420	167,589	162,864	131,078	260,280	156,162	103,490	93,248	196,629	116,933	73,959	76,774	166,283	87,885	83,274	84,132	157,188	96,768	81,525	82,261	154,147	105,252	91,064	77,618	164,613	92,094	79,869	73,065	127,558	66,429	66,406	56,824	80,499	48,711	38,753	37,701	47,723	26,613	14,309	14,053	24,960	16,868	19,151	14,648	24,524	13,536	11,564	8,352	-92,438	40,234	40,234	28,184	-59,370	21,032	21,032	21,032
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	-	-	-	-	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Gross Profit	1,903,425	1,256,664	1,298,511	1,150,805	1,527,619	1,038,852	1,055,476	870,393	1,236,172	829,393	842,686	700,314	1,012,734	627,354	489,501	334,402	810,826	505,044	485,796	421,720	668,583	406,777	396,194	344,733	522,511	321,962	297,422	256,895	427,899	278,426	254,161	239,131	354,467	224,797	212,025	205,877	310,041	211,088	197,307	195,744	278,790	204,606	185,955	170,725	274,507	175,300	155,755	157,264	209,018	128,496	122,072	109,684	143,460	96,832	80,298	74,357	86,560	56,338	45,164	34,949	51,662	41,894	44,376	41,522	56,364	35,880	31,247	22,811	40,234	40,234	40,234	28,184	21,032	21,032	21,032	21,032
Income Before Tax	931,720	347,957	486,619	409,439	318,135	352,758	401,353	260,325	590,732	257,962	291,127	194,048	457,018	204,340	124,065	33,925	418,616	177,754	169,832	131,191	334,281	137,947	135,799	107,223	257,504	86,640	69,524	46,330	197,486	93,603	74,537	57,103	167,221	65,288	67,421	68,565	158,943	82,970	69,778	71,444	155,666	93,789	80,281	67,390	154,032	82,035	71,354	73,975	116,447	60,340	60,080	52,591	71,839	42,467	36,335	32,635	41,501	20,923	14,355	9,931	16,253	13,200	15,755	12,174	21,935	12,249	9,840	6,955	-	-	-	-	-	-	-	-
Income Tax Expense	262,252	99,243	145,016	119,034	198,324	97,288	111,832	70,327	156,228	70,174	83,053	49,092	127,181	60,697	37,264	5,293	120,595	51,772	44,842	34,588	115,816	43,534	40,029	32,070	137,743	27,696	20,813	15,084	61,351	25,318	20,912	11,767	49,805	12,135	19,753	20,755	48,090	22,519	21,030	52,463	45,974	27,678	23,816	20,111	44,657	24,655	13,652	27,001	42,559	21,399	21,462	19,075	16,873	16,532	14,628	13,047	13,050	6,855	5,111	3,413	5,312	4,370	3,415	3,753	7,460	4,763	4,798	3,449	-1,495	-1,495	-1,495	-3,181	-349	-349	-349	-349
Interest Expense	0	0	0	8,025	20,814	331	20,505	22	79,530	48,239	16,190	15,101	39,740	17,642	23,272	1,174	6,154	1,925	1,850	2,379	6,553	2,044	1,591	2,918	2,776	40,962	5,560	23,755	857	628	578	486	1,519	2,890	842	529	5,347	1,814	1,890	1,643	4,249	1,453	1,295	1,501	2,625	1,360	686	579	2,110	1,091	955	1,664	4,539	52	4,269	322	173	6	23	156	428	236	770	962	1,282	922	221	143	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	64	-480	0	371	147	239	144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Net Income	669,468	248,714	341,603	290,405	119,811	255,470	289,521	189,998	434,504	187,788	208,074	144,956	329,837	143,643	86,801	28,632	298,021	125,982	124,990	96,603	218,465	94,413	95,770	75,153	119,761	58,944	48,711	31,246	136,135	68,285	53,625	45,336	117,416	53,153	47,668	47,810	110,853	60,451	48,748	18,981	109,692	66,111	56,465	47,279	109,375	57,316	57,222	46,643	73,518	38,794	38,379	33,372	54,766	25,701	21,792	19,588	28,451	14,068	9,244	6,518	10,939	8,831	11,148	8,476	14,609	7,569	5,122	3,542	1,495	1,495	1,495	3,181	349	349	349	349
Net Income Applicable To Common Shares	0	248,714	341,603	290,405	290,405	255,470	289,521	189,998	434,504	187,788	208,074	144,956	329,837	143,643	86,801	28,632	298,021	125,982	124,990	96,603	218,465	94,413	95,770	75,153	119,761	58,944	48,711	31,246	136,135	68,285	53,625	45,336	117,416	53,153	47,668	47,810	110,853	60,451	48,748	18,981	109,692	66,111	56,465	47,279	0	57,316	57,222	54,188	73,518	38,794	38,379	33,372	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Net Income From Continuing Ops	669,468	248,714	341,603	290,405	119,811	255,470	289,521	189,998	434,504	187,788	208,074	144,956	329,837	143,643	86,801	28,632	298,021	125,982	124,990	96,603	218,465	94,413	95,770	75,153	119,761	58,944	48,711	31,246	136,135	68,285	53,625	45,336	117,416	53,153	47,668	47,810	110,853	60,451	48,748	18,981	109,692	66,111	56,465	47,279	0	57,380	-57,702	54,188	73,889	38,941	38,618	33,516	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Net Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	8,025	0	331	145	-22	176	15	96	227	-886	-580	-344	1,174	2,129	1,925	1,850	2,379	2,861	2,044	1,591	2,918	1,226	1,052	812	907	857	628	578	-486	938	-2,890	842	529	1,755	1,814	1,890	1,643	1,519	1,453	1,295	1,501	0	1,424	-1,166	0	380	619	597	904	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	1,460	24,127	8,143	7,664	32,775	8,531	-11,464	0	0	0	0	0	0	0	0	0	2,001	21,007	3,186	12,331	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	941,361	338,115	479,257	401,414	314,426	352,427	401,208	260,347	590,556	257,947	291,031	193,821	457,905	204,920	124,409	32,751	416,487	175,829	167,982	128,812	331,420	135,903	134,208	104,305	256,278	85,588	68,712	45,423	196,629	92,975	73,959	57,589	166,283	68,178	66,579	68,036	157,188	81,156	67,888	69,801	154,147	92,336	78,986	65,889	152,575	80,611	70,188	73,065	116,067	59,721	59,483	51,687	71,298	42,376	34,243	32,474	41,435	20,926	14,332	9,853	16,044	13,055	15,544	11,721	21,677	11,830	9,770	6,848	-92,438	40,234	40,234	28,184	-59,370	21,032	21,032	21,032
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	-	-	-	-	-	-	-	-
Other Operating Expenses	2,263,742	1,791,602	1,729,908	1,599,378	2,049,499	1,504,462	1,477,300	1,353,116	1,537,097	1,168,347	1,151,444	1,024,980	1,263,842	903,975	767,069	619,211	981,004	740,309	715,370	653,503	836,038	611,752	589,292	545,401	670,523	512,423	509,156	462,553	593,311	451,441	440,561	437,927	537,993	411,515	386,431	355,508	445,303	338,240	322,820	314,817	366,846	287,564	265,527	279,893	332,914	235,926	212,446	212,633	255,453	170,495	152,840	135,093	172,329	133,424	117,965	105,823	118,792	91,965	83,389	71,827	87,879	73,938	69,941	66,447	83,415	54,321	48,911	37,941	132,671	-	-	-	80,402	-	-	-
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	-	-	-	-	-	-	-	-
Reconciled Depreciation	103,290	97,969	1,879	1,878	80,162	79,188	67,971	64,470	62,120	57,963	53,638	50,485	52,269	49,033	40,644	43,532	47,489	44,022	37,599	32,823	35,369	31,686	28,656	26,773	28,106	28,560	28,406	23,163	24,056	23,958	20,498	19,185	20,885	19,707	16,695	16,096	16,655	15,612	13,637	12,460	12,345	12,916	12,078	11,729	12,038	11,483	9,681	9,798	9,371	7,327	7,520	6,041	6,198	6,426	6,602	5,388	5,596	5,684	5,274	4,278	4,721	3,904	3,818	3,381	2,847	2,125	1,865	1,504	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-
Selling And Marketing Expenses	0	0	0	0	328,600	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-
Selling General Administrative	989,535	842,795	817,375	747,513	474,507	684,236	662,253	607,851	641,959	545,124	541,317	496,634	544,831	411,662	352,904	301,429	389,528	332,254	317,145	293,842	334,254	272,194	264,600	240,800	264,200	215,400	225,500	199,141	231,300	185,500	180,202	181,500	188,184	156,600	145,400	137,800	152,900	129,900	129,400	125,900	124,600	112,300	107,000	104,800	121,900	94,700	85,600	84,200	93,000	68,800	62,589	58,000	72,200	54,456	46,100	41,900	44,746	35,400	30,800	25,200	31,200	28,800	28,900	29,200	34,300	24,051	0	0	-	-	-	-	-	-	-	-
Tax Provision	262,252	99,243	145,016	119,034	198,324	97,288	111,832	70,327	156,228	70,174	83,053	49,092	127,183	60,697	37,264	5,293	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	962,064	844,048	819,254	749,391	805,280	686,425	664,448	610,046	644,156	547,319	543,512	498,829	547,026	413,903	353,628	301,651	394,339	329,215	317,814	292,908	337,163	270,874	261,986	240,428	264,232	215,367	225,524	199,141	231,270	185,451	180,202	181,542	188,184	156,619	145,446	137,841	152,853	129,932	129,419	125,943	124,643	112,270	106,969	104,836	121,932	94,689	85,567	84,199	92,951	68,775	62,589	57,997	70,390	54,456	46,055	41,883	44,746	35,412	30,832	25,096	35,618	28,784	28,833	29,802	34,687	24,051	21,477	15,963	-132,671	-	-	-	-80,402	-	-	-
Total Other Income Expense Net	-9,641	-64,659	7,362	8,025	-404,204	331	10,325	-22	-1,284	-24,112	-8,047	-7,437	-8,688	-9,111	-11,808	1,174	2,129	1,925	1,850	2,379	2,861	2,044	1,591	2,918	-775	-19,955	-2,374	-11,424	857	628	578	-486	938	-2,890	842	529	1,755	1,814	1,890	1,643	1,519	1,453	1,295	1,501	1,457	1,424	1,166	910	380	619	597	904	-1,231	91	2,092	161	-313	-3	23	78	-4,195	145	211	454	258	419	71	107	-	-	-	-	-	-	-	-
Total Revenue	3,205,103	2,204,218	2,209,165	2,000,792	2,771,838	1,856,889	1,868,328	1,613,463	2,129,113	1,450,421	1,450,618	1,226,465	1,729,550	1,117,426	902,942	651,962	1,397,491	916,138	883,352	782,315	1,167,458	747,655	723,500	649,706	928,802	619,018	581,054	520,307	789,940	544,416	514,520	495,516	704,276	479,693	453,010	423,544	602,491	419,396	390,708	384,618	520,993	379,900	344,513	345,782	485,489	316,537	282,634	285,698	371,520	230,216	212,323	186,780	245,399	175,800	152,208	138,297	160,606	112,891	97,721	81,680	103,923	87,047	85,484	78,167	105,093	66,150	58,681	44,789	40,234	40,234	40,234	28,184	21,032	21,032	21,032	21,032

Latest Income Statement (annual, 2024-01-31)

Gross Profit (+$)
totalRevenue	9,619,278
Cost of Revenue	-4,014,883
Gross Profit	5,604,395	5,604,395

Operating Income (+$)
Gross Profit	5,604,395
Operating Expense	-3,396,751
Operating Income	2,207,644	2,207,644

Operating Expense (+$)
Research Development	0
Selling General Administrative	3,397,218
Selling And Marketing Expenses	0
Operating Expense	3,396,751	3,397,218

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

Pretax Income (+$)
Operating Income	2,207,644
Net Interest Income	0
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	2,175,735	2,239,553 EBIT - interestExpense = 2,207,644 2,175,735 1,550,190
Interest Expense	0
Earnings Before Interest and Taxes (EBIT)	2,207,644	2,175,735
Earnings Before Interest and Taxes (EBITDA)	2,587,028

After tax Income (+$)
Income Before Tax	2,175,735
Tax Provision	-625,545
Net Income From Continuing Ops	1,550,190	1,550,190
Net Income	1,550,190
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	7,411,634
Total Other Income/Expenses Net	-31,909	0

Technical Analysis of Lululemon Athletica Inc.
The psychology behind the price

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

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Lululemon Athletica Inc.. The general trend of Lululemon Athletica Inc. is BEARISH with 57.1% 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 Lululemon Athletica Inc.'s overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

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

Indicator zone transitions	Bullish trend (-57.1%)		Bearish trend (57.1%)
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 Lululemon Athletica Inc..

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

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

The bullish price targets are: 384.37 < 440.26 < 443.52.

The bearish price targets are: 330.61 > 328.42 > 328.16.

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Lululemon Athletica Inc. Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Lululemon Athletica Inc.. The current mas is .

The long score for the Moving Averages is 3/14.
The longshort score for the Moving Averages is -8/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Lululemon Athletica Inc. Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Lululemon Athletica Inc.. The current macd is -20.00327632.

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

Lululemon Athletica Inc. Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Lululemon Athletica Inc.. The current adx is 45.62.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Lululemon Athletica Inc. shares, leading to potential downward momentum in its price. -1
PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2

Lululemon Athletica Inc. Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Lululemon Athletica Inc.. The current sar is 332.40.

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

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

Lululemon Athletica Inc. Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Lululemon Athletica Inc.. The current rsi is 41.47. The current phase is Continuation in bear market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Lululemon Athletica Inc. Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Lululemon Athletica Inc.. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-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 Lululemon Athletica Inc. price going up in the near term. +2
Trending up: The STOCH %K is trending up. +1

Lululemon Athletica Inc. Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Lululemon Athletica Inc.. The current cci is 7.90100076.

Lululemon Athletica Inc. Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Lululemon Athletica Inc.. The current cmo is 1.56409614.

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

Lululemon Athletica Inc. Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Lululemon Athletica Inc.. The current willr is -20.26679148.

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

Lululemon Athletica Inc. Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Lululemon Athletica Inc..

Lululemon Athletica Inc. Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Lululemon Athletica Inc.. The current atr is 10.24.

Lululemon Athletica Inc. Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Lululemon Athletica Inc.. The current obv is 13,549,066.

Lululemon Athletica Inc. Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Lululemon Athletica Inc.. The current mfi is 39.42.

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

Lululemon Athletica Inc. Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Lululemon Athletica Inc..

6.2. Trading Signals

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

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

6.3. Candlestick Patterns

Lululemon Athletica Inc. Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	41.475
Ma 20	Greater than	Ma 50	360.928
Ma 50	Greater than	Ma 100	417.812
Ma 100	Greater than	Ma 200	449.967
Open	Greater than	Close	362.170
Total			1/5 (20.0%)

Create your own Symbol Scanner

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Lululemon Athletica Inc. Buy, Hold or Sell?

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Quick analysis of Lululemon Athletica Inc. (30 sec.)

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

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Lululemon Athletica Inc. (5 min.)

$364.68

$33.43

$146.62 - $306.16

$180.06 - $339.59

2. Growth of Lululemon Athletica Inc. (5 min.)

Is Lululemon Athletica Inc. growing?

How much money is Lululemon Athletica Inc. making?

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

3. Financial Health of Lululemon Athletica Inc. (5 min.)

4. Comparing to competitors in the Apparel Retail industry (5 min.)

Industry Rankings (Apparel Retail)

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

What can you expect buying and holding a share of Lululemon Athletica Inc.?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Lululemon Athletica Inc.

About Lululemon Athletica Inc.

Financial Health

Valuation

1.1. Profitability of Lululemon Athletica Inc..

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Apparel Retail)

1.1.2. Return on Assets

Trends

Compared to industry (Apparel Retail)

1.1.3. Return on Equity

Trends

Compared to industry (Apparel Retail)

1.2. Operating Efficiency of Lululemon Athletica Inc..

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Apparel Retail)

1.2.2. Operating Ratio

Trends

Compared to industry (Apparel Retail)

1.3. Liquidity of Lululemon Athletica Inc..

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Apparel Retail)

1.3.2. Quick Ratio

Trends

Compared to industry (Apparel Retail)

1.4. Solvency of Lululemon Athletica Inc..

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Apparel Retail)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Apparel Retail)

2. Market Valuation of Lululemon Athletica Inc.

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Apparel Retail)

Lululemon Athletica Inc.
Buy, Hold or Sell?