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LVMH Moët Hennessy - Louis Vuitton Société Européenne
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Quick analysis of Lvmh (30 sec.)










1. Valuation of Lvmh (5 min.)




Current price per share

€814.00

2. Growth of Lvmh (5 min.)




Is Lvmh growing?

Current yearPrevious yearGrowGrow %
How rich?$60.6b$37b$21.5b36.7%

How much money is Lvmh making?

Current yearPrevious yearGrowGrow %
Making money$7.5b$4.6b$2.8b38.0%
Net Profit Margin17.8%19.5%--

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

3. Financial Health of Lvmh (5 min.)




4. Comparing to competitors in the Luxury Goods industry (5 min.)




  Industry Rankings (Luxury Goods)  


Richest
#2 / 111

Most Revenue
#4 / 111

Most Profit
#4 / 111


Fundamentals of Lvmh

Financial Health

Profitability Details
 Compared to previous yearCompared 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 yearCompared to industry
The company is very efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

1.1. Profitability of LVMH Moët Hennessy - Louis Vuitton Société Européenne.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Lvmh earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Lvmh to the Luxury Goods industry mean.
  • A Net Profit Margin of 17.8% means that €0.18 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 17.8%. The company is making a huge profit. +2
  • The TTM is 17.8%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ17.8%TTM17.8%+0.0%
TTM17.8%YOY19.5%-1.7%
TTM17.8%5Y15.6%+2.1%
5Y15.6%10Y14.8%+0.9%
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ17.8%5.0%+12.8%
TTM17.8%5.5%+12.3%
YOY19.5%6.3%+13.2%
5Y15.6%2.8%+12.8%
10Y14.8%3.6%+11.2%
1.1.2. Return on Assets

Shows how efficient Lvmh is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Lvmh to the Luxury Goods industry mean.
  • 5.6% Return on Assets means that Lvmh generated €0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 5.6%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 5.3%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ5.6%TTM5.3%+0.3%
TTM5.3%YOY6.1%-0.8%
TTM5.3%5Y5.1%+0.2%
5Y5.1%10Y5.2%-0.1%
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ5.6%2.9%+2.7%
TTM5.3%3.0%+2.3%
YOY6.1%2.9%+3.2%
5Y5.1%2.0%+3.1%
10Y5.2%2.5%+2.7%
1.1.3. Return on Equity

Shows how efficient Lvmh is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Lvmh to the Luxury Goods industry mean.
  • 13.7% Return on Equity means Lvmh generated €0.14 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 13.7%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 13.3%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ13.7%TTM13.3%+0.4%
TTM13.3%YOY16.0%-2.7%
TTM13.3%5Y13.0%+0.3%
5Y13.0%10Y12.4%+0.6%
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ13.7%6.6%+7.1%
TTM13.3%6.1%+7.2%
YOY16.0%5.0%+11.0%
5Y13.0%4.3%+8.7%
10Y12.4%5.5%+6.9%

1.2. Operating Efficiency of LVMH Moët Hennessy - Louis Vuitton Société Européenne.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Lvmh is operating .

  • Measures how much profit Lvmh 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 Lvmh to the Luxury Goods industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY22.2%-22.2%
TTM-5Y18.9%-18.9%
5Y18.9%10Y19.3%-0.3%
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.1%-7.1%
TTM-6.1%-6.1%
YOY22.2%8.5%+13.7%
5Y18.9%5.4%+13.5%
10Y19.3%4.8%+14.5%
1.2.2. Operating Ratio

Measures how efficient Lvmh is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Luxury Goods industry mean).
  • An Operation Ratio of 0.32 means that the operating costs are €0.32 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 0.320. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.315. The company is very efficient in keeping operating costs low. +2
Trends
Current periodCompared to+/- 
MRQ0.320TTM0.315+0.004
TTM0.315YOY0.317-0.002
TTM0.3155Y0.517-0.202
5Y0.51710Y0.611-0.094
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3201.080-0.760
TTM0.3151.082-0.767
YOY0.3171.349-1.032
5Y0.5171.322-0.805
10Y0.6111.130-0.519

1.3. Liquidity of LVMH Moët Hennessy - Louis Vuitton Société Européenne.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Lvmh is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Luxury Goods industry mean).
  • A Current Ratio of 1.26 means the company has €1.26 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 1.260. The company is just able to pay all its short-term debts.
  • The TTM is 1.214. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.260TTM1.214+0.046
TTM1.214YOY1.182+0.031
TTM1.2145Y1.315-0.101
5Y1.31510Y1.402-0.086
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ1.2602.002-0.742
TTM1.2142.020-0.806
YOY1.1822.085-0.903
5Y1.3152.051-0.736
10Y1.4022.214-0.812
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Lvmh to the Luxury Goods industry mean.
  • A Quick Ratio of 0.59 means the company can pay off €0.59 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 0.592. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.602. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.592TTM0.602-0.010
TTM0.602YOY0.855-0.253
TTM0.6025Y0.961-0.360
5Y0.96110Y0.732+0.230
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5920.674-0.082
TTM0.6020.701-0.099
YOY0.8550.867-0.012
5Y0.9610.933+0.028
10Y0.7320.857-0.125

1.4. Solvency of LVMH Moët Hennessy - Louis Vuitton Société Européenne.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Lvmh assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Lvmh to Luxury Goods industry mean.
  • A Debt to Asset Ratio of 0.58 means that Lvmh assets are financed with 58.0% credit (debt) and the remaining percentage (100% - 58.0%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 0.580. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.589. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.580TTM0.589-0.009
TTM0.589YOY0.618-0.029
TTM0.5895Y0.604-0.015
5Y0.60410Y0.570+0.034
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5800.525+0.055
TTM0.5890.524+0.065
YOY0.6180.519+0.099
5Y0.6040.520+0.084
10Y0.5700.500+0.070
1.4.2. Debt to Equity Ratio

Measures if Lvmh is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Lvmh to the Luxury Goods industry mean.
  • A Debt to Equity ratio of 141.6% means that company has €1.42 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 1.416. The company is able to pay all its debts with equity. +1
  • The TTM is 1.482. The company is able to pay all its debts with equity. +1
Trends
Current periodCompared to+/- 
MRQ1.416TTM1.482-0.066
TTM1.482YOY1.660-0.178
TTM1.4825Y1.580-0.098
5Y1.58010Y1.384+0.196
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4161.033+0.383
TTM1.4821.037+0.445
YOY1.6601.077+0.583
5Y1.5801.145+0.435
10Y1.3841.202+0.182

2. Market Valuation of LVMH Moët Hennessy - Louis Vuitton Société Européenne

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Lvmh generates.

  • Above 15 is considered overpriced but always compare Lvmh to the Luxury Goods industry mean.
  • A PE ratio of 45.37 means the investor is paying €45.37 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The EOD is 54.313. Good. +1
  • The MRQ is 45.365. Good. +1
  • The TTM is 45.120. Good. +1
Trends
Current periodCompared to+/- 
EOD54.313MRQ45.365+8.948
MRQ45.365TTM45.120+0.246
TTM45.120YOY116.228-71.109
TTM45.1205Y168.094-122.974
5Y168.09410Y114.260+53.834
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
EOD54.31313.873+40.440
MRQ45.36513.814+31.551
TTM45.12015.578+29.542
YOY116.22817.155+99.073
5Y168.09414.774+153.320
10Y114.26017.786+96.474
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Lvmh.

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

Let's take a look of the Price Earnings to Growth Ratio trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The MRQ is 39.238. Seems overpriced? -1
  • The TTM is 29.294. Seems overpriced? -1
Trends
Current periodCompared to+/- 
MRQ39.238TTM29.294+9.944
TTM29.294YOY118.124-88.830
TTM29.2945Y408.072-378.778
5Y408.07210Y224.791+183.281
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
MRQ39.23812.214+27.024
TTM29.29414.302+14.992
YOY118.12412.086+106.038
5Y408.07234.621+373.451
10Y224.79141.603+183.188

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

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

  • At or below 1 is considered healthy (always compare to Luxury Goods industry mean).
  • A PB ratio of 6.05 means the investor is paying €6.05 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of LVMH Moët Hennessy - Louis Vuitton Société Européenne:

  • The EOD is 7.246. Seems overpriced? -1
  • The MRQ is 6.053. Seems overpriced? -1
  • The TTM is 5.807. Seems overpriced? -1
Trends
Current periodCompared to+/- 
EOD7.246MRQ6.053+1.194
MRQ6.053TTM5.807+0.246
TTM5.807YOY14.114-8.308
TTM5.8075Y11.835-6.029
5Y11.83510Y9.499+2.336
Compared to industry (Luxury Goods)
PeriodCompanyIndustry (mean)+/- 
EOD7.2461.774+5.472
MRQ6.0531.774+4.279
TTM5.8071.949+3.858
YOY14.1141.847+12.267
5Y11.8351.714+10.121
10Y9.4992.024+7.475
2. Total Gains per Share

2.4. Latest News of LVMH Moët Hennessy - Louis Vuitton Société Européenne

Does LVMH Moët Hennessy - Louis Vuitton Société Européenne still have the same value as the quarterly reports suggest? Recent changes may be an indication that the value of the company is changing. Read the news from LVMH Moët Hennessy - Louis Vuitton Société Européenne to keep up to date. Note: the news is often already included in the price.

DateTitleRead
2023-05-30
17:47
LVMH: Share transactions disclosureRead
2023-05-23
17:47
LVMH: Share transactions disclosureRead
2023-05-16
17:47
LVMH: Share transactions disclosureRead
2023-05-09
17:48
LVMH: Share transactions disclosureRead

3. Summary

3.1. Key Performance Indicators

The key performance indicators of LVMH Moët Hennessy - Louis Vuitton Société Européenne compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--7.72215.644-51%18.926-59%5.617+37%2.664+190%
Book Value Growth--1.0741.0760%2.591-59%2.049-48%2.094-49%
Book Value Per Share--112.333108.472+4%63.299+77%56.013+101%43.829+156%
Book Value Per Share Growth--1.0741.182-9%2.371-55%2.023-47%2.082-48%
Current Ratio--1.2601.214+4%1.182+7%1.315-4%1.402-10%
Debt To Asset Ratio--0.5800.589-2%0.618-6%0.604-4%0.570+2%
Debt To Equity Ratio--1.4161.482-4%1.660-15%1.580-10%1.384+2%
Dividend Per Share--1.7501.7500%1.584+10%1.549+13%1.211+44%
Dividend Per Share Growth--1.0001.199-17%0.905+10%1.037-4%1.034-3%
Eps--14.98713.975+7%5.844+156%4.936+204%3.580+319%
Eps Growth--1.1561.738-33%1.037+12%1.487-22%1.244-7%
Free Cash Flow Per Share--7.6377.6370%7.699-1%5.416+41%3.493+119%
Free Cash Flow Per Share Growth--1.0000.988+1%1.008-1%1.082-8%1.057-5%
Free Cash Flow To Equity Per Share---17.537-7.845-55%1.230-1526%-0.097-99%-0.128-99%
Free Cash Flow To Equity Per Share Growth---9.492-3.679-61%0.871-1190%1.587-698%0.962-1087%
Gross Profit Margin--1.0001.0000%-0.171+117%-1.121+212%-1.520+252%
Net Profit Margin--0.1780.178+0%0.195-9%0.156+14%0.148+20%
Operating Margin----0%0.222-100%0.189-100%0.193-100%
Operating Ratio--0.3200.315+1%0.317+1%0.517-38%0.611-48%
Pb Ratio7.246+16%6.0535.807+4%14.114-57%11.835-49%9.499-36%
Pe Ratio54.313+16%45.36545.120+1%116.228-61%168.094-73%114.260-60%
Peg Ratio--39.23829.294+34%118.124-67%408.072-90%224.791-83%
Price Per Share814.000+16%679.900630.800+8%669.467+2%459.200+48%298.775+128%
Price To Total Gains Ratio85.940+16%71.78247.379+52%4.198+1610%6.008+1095%2.621+2639%
Profit Growth--1.1561.062+9%1.375-16%1.151+0%1.092+6%
Quick Ratio--0.5920.602-2%0.855-31%0.961-38%0.732-19%
Return On Assets--0.0560.053+6%0.061-8%0.051+11%0.052+8%
Return On Equity--0.1370.133+3%0.160-14%0.130+6%0.124+11%
Revenue Growth--1.1561.095+6%1.405-18%1.107+4%1.063+9%
Total Gains Per Share--9.47217.394-46%20.510-54%7.166+32%3.875+144%
Total Gains Per Share Growth--0.3740.405-8%1.754-79%1.134-67%1.097-66%
Usd Book Value--60651186000.00058566582750.000+4%37059702625.000+64%30754933595.588+97%23904679929.054+154%
Usd Book Value Change Per Share--8.27416.763-51%20.279-59%6.018+37%2.854+190%
Usd Book Value Per Share--120.365116.228+4%67.825+77%60.018+101%46.962+156%
Usd Dividend Per Share--1.8751.8750%1.697+10%1.660+13%1.298+44%
Usd Eps--16.05914.974+7%6.262+156%5.289+204%3.836+319%
Usd Free Cash Flow--4123132000.0004123132000.0000%4434938500.000-7%2973444014.706+39%1908790371.622+116%
Usd Free Cash Flow Per Share--8.1838.1830%8.249-1%5.803+41%3.742+119%
Usd Free Cash Flow To Equity Per Share---18.791-8.406-55%1.318-1526%-0.103-99%-0.138-99%
Usd Price Per Share872.201+16%728.513675.902+8%717.334+2%492.033+48%320.137+128%
Usd Profit--8091968000.0007545503000.000+7%4677633250.000+73%3136343529.412+158%2180936891.892+271%
Usd Revenue--45490532500.00042422828000.000+7%24165003750.000+88%18951809588.235+140%14051346925.676+224%
Usd Total Gains Per Share--10.14918.638-46%21.976-54%7.679+32%4.152+144%
 EOD+2 -3MRQTTM+18 -18YOY+20 -235Y+30 -1310Y+28 -15

3.2. Fundamental Score

Let's check the fundamental score of LVMH Moët Hennessy - Louis Vuitton Société Européenne based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1554.313
Price to Book Ratio (EOD)Between0-17.246
Net Profit Margin (MRQ)Greater than00.178
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.592
Current Ratio (MRQ)Greater than11.260
Debt to Asset Ratio (MRQ)Less than10.580
Debt to Equity Ratio (MRQ)Less than11.416
Return on Equity (MRQ)Greater than0.150.137
Return on Assets (MRQ)Greater than0.050.056
Total4/10 (40.0%)

3.3. Technical Score

Let's check the technical score of LVMH Moët Hennessy - Louis Vuitton Société Européenne based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5038.988
Ma 20Greater thanMa 50852.050
Ma 50Greater thanMa 100857.084
Ma 100Greater thanMa 200829.338
OpenGreater thanClose827.900
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-03-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets31,327,750
Total Liabilities19,100,500
Total Stockholder Equity12,227,250
 As reported
Total Liabilities 19,100,500
Total Stockholder Equity+ 12,227,250
Total Assets = 31,327,750

Assets

Total Assets31,327,750
Total Current Assets8,575,250
Long-term Assets8,575,250
Total Current Assets
Cash And Cash Equivalents 2,005,250
Short-term Investments 636,000
Inventory 4,137,000
Other Current Assets 1,797,000
Total Current Assets  (as reported)8,575,250
Total Current Assets  (calculated)8,575,250
+/-0
Long-term Assets
Property Plant Equipment 8,317,500
Goodwill 6,476,000
Intangible Assets 6,214,500
Long-term Assets Other 684,500
Long-term Assets  (as reported)22,752,500
Long-term Assets  (calculated)21,692,500
+/- 1,060,000

Liabilities & Shareholders' Equity

Total Current Liabilities6,997,250
Long-term Liabilities12,103,250
Total Stockholder Equity12,227,250
Total Current Liabilities
Accounts payable 1,771,500
Other Current Liabilities 5,225,750
Total Current Liabilities  (as reported)6,997,250
Total Current Liabilities  (calculated)6,997,250
+/-0
Long-term Liabilities
Long-term Liabilities  (as reported)12,103,250
Long-term Liabilities  (calculated)0
+/- 12,103,250
Total Stockholder Equity
Common Stock38,000
Retained Earnings 10,849,750
Total Stockholder Equity (as reported)12,227,250
Total Stockholder Equity (calculated)10,887,750
+/- 1,339,500
Other
Cash and Short Term Investments 2,641,250
Common Stock Shares Outstanding 503,896
Liabilities and Stockholders Equity 31,327,750
Net Debt 6,623,500
Short Long Term Debt Total 8,628,750



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-09-302003-06-302003-03-312002-12-312002-09-302002-06-302002-03-312001-12-312001-09-302001-06-302001-03-312000-12-31
> Total Assets 
0
0
0
0
5,354,250
5,354,250
5,354,250
5,354,250
5,135,750
5,135,750
5,135,750
5,135,750
5,124,250
5,124,250
5,124,250
5,124,250
7,013,250
7,013,250
7,013,250
7,013,250
7,196,250
7,196,250
7,196,250
7,196,250
7,685,250
7,685,250
7,685,250
7,685,250
7,894,250
7,894,250
7,894,250
7,894,250
8,026,500
8,026,500
8,026,500
8,026,500
32,106,000
9,291,000
33,229,000
9,291,000
37,164,000
11,767,250
44,577,000
11,767,250
47,069,000
12,482,500
49,143,000
12,482,500
49,930,000
13,918,500
50,689,000
13,918,500
55,674,000
13,340,500
56,160,000
13,340,500
53,362,000
14,400,250
55,081,000
14,400,250
57,601,000
14,905,500
57,823,000
14,905,500
59,622,000
17,137,500
65,840,000
17,137,500
68,550,000
18,575,000
71,740,000
18,575,000
74,300,000
24,126,750
90,924,000
24,126,750
96,507,000
27,167,750
103,643,000
27,167,750
108,671,000
31,327,750
116,586,000
31,327,750
125,311,000
0
131,309,000
31,327,750
134,646,000
31,327,750
31,327,750134,646,00031,327,750131,309,0000125,311,00031,327,750116,586,00031,327,750108,671,00027,167,750103,643,00027,167,75096,507,00024,126,75090,924,00024,126,75074,300,00018,575,00071,740,00018,575,00068,550,00017,137,50065,840,00017,137,50059,622,00014,905,50057,823,00014,905,50057,601,00014,400,25055,081,00014,400,25053,362,00013,340,50056,160,00013,340,50055,674,00013,918,50050,689,00013,918,50049,930,00012,482,50049,143,00012,482,50047,069,00011,767,25044,577,00011,767,25037,164,0009,291,00033,229,0009,291,00032,106,0008,026,5008,026,5008,026,5008,026,5007,894,2507,894,2507,894,2507,894,2507,685,2507,685,2507,685,2507,685,2507,196,2507,196,2507,196,2507,196,2507,013,2507,013,2507,013,2507,013,2505,124,2505,124,2505,124,2505,124,2505,135,7505,135,7505,135,7505,135,7505,354,2505,354,2505,354,2505,354,2500000
   > Total Current Assets 
0
0
0
0
1,981,750
1,981,750
1,981,750
1,981,750
1,981,000
1,981,000
1,981,000
1,981,000
2,072,500
2,072,500
2,072,500
2,072,500
2,129,000
2,129,000
2,129,000
2,129,000
2,291,250
2,291,250
2,291,250
2,291,250
2,618,750
2,618,750
2,618,750
2,618,750
2,618,500
2,618,500
2,618,500
2,618,500
2,743,750
2,743,750
2,743,750
2,743,750
10,975,000
2,799,750
10,840,000
2,799,750
11,199,000
3,316,750
13,811,000
3,316,750
13,267,000
3,568,250
14,118,000
3,568,250
14,273,000
4,020,500
14,196,000
4,020,500
16,082,000
4,527,500
15,406,000
4,527,500
18,110,000
4,737,500
17,535,000
4,737,500
18,950,000
4,849,500
18,278,000
4,849,500
19,398,000
5,270,500
24,490,000
5,270,500
21,082,000
5,887,750
22,166,000
5,887,750
23,551,000
6,627,500
24,106,000
6,627,500
26,510,000
9,993,250
36,081,000
9,993,250
39,973,000
8,575,250
30,614,000
8,575,250
34,301,000
37,291,000
37,291,000
8,575,250
39,740,000
8,575,250
8,575,25039,740,0008,575,25037,291,00037,291,00034,301,0008,575,25030,614,0008,575,25039,973,0009,993,25036,081,0009,993,25026,510,0006,627,50024,106,0006,627,50023,551,0005,887,75022,166,0005,887,75021,082,0005,270,50024,490,0005,270,50019,398,0004,849,50018,278,0004,849,50018,950,0004,737,50017,535,0004,737,50018,110,0004,527,50015,406,0004,527,50016,082,0004,020,50014,196,0004,020,50014,273,0003,568,25014,118,0003,568,25013,267,0003,316,75013,811,0003,316,75011,199,0002,799,75010,840,0002,799,75010,975,0002,743,7502,743,7502,743,7502,743,7502,618,5002,618,5002,618,5002,618,5002,618,7502,618,7502,618,7502,618,7502,291,2502,291,2502,291,2502,291,2502,129,0002,129,0002,129,0002,129,0002,072,5002,072,5002,072,5002,072,5001,981,0001,981,0001,981,0001,981,0001,981,7501,981,7501,981,7501,981,7500000
       Cash And Cash Equivalents 
0
0
0
0
203,000
203,000
203,000
203,000
205,750
205,750
205,750
205,750
254,250
254,250
254,250
254,250
367,500
367,500
367,500
367,500
305,500
305,500
305,500
305,500
389,750
389,750
389,750
389,750
253,250
253,250
253,250
253,250
611,500
611,500
611,500
611,500
2,446,000
573,000
1,897,000
573,000
2,292,000
575,750
3,349,000
575,750
2,303,000
549,000
2,601,000
549,000
2,196,000
805,250
1,888,000
805,250
3,221,000
1,022,750
2,159,000
1,022,750
4,091,000
898,500
2,556,000
898,500
3,594,000
886,000
2,882,000
886,000
3,544,000
934,500
8,449,000
934,500
3,738,000
1,152,500
4,222,000
1,152,500
4,610,000
1,418,250
3,999,000
1,418,250
5,673,000
4,990,750
14,426,000
4,990,750
19,963,000
2,005,250
7,231,000
2,005,250
8,021,000
0
7,899,000
2,005,250
7,300,000
2,005,250
2,005,2507,300,0002,005,2507,899,00008,021,0002,005,2507,231,0002,005,25019,963,0004,990,75014,426,0004,990,7505,673,0001,418,2503,999,0001,418,2504,610,0001,152,5004,222,0001,152,5003,738,000934,5008,449,000934,5003,544,000886,0002,882,000886,0003,594,000898,5002,556,000898,5004,091,0001,022,7502,159,0001,022,7503,221,000805,2501,888,000805,2502,196,000549,0002,601,000549,0002,303,000575,7503,349,000575,7502,292,000573,0001,897,000573,0002,446,000611,500611,500611,500611,500253,250253,250253,250253,250389,750389,750389,750389,750305,500305,500305,500305,500367,500367,500367,500367,500254,250254,250254,250254,250205,750205,750205,750205,750203,000203,000203,000203,0000000
       Short-term Investments 
0
0
0
0
15,000
15,000
15,000
15,000
57,750
57,750
57,750
57,750
52,750
52,750
52,750
52,750
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
44,250
0
44,250
177,000
42,750
187,000
42,750
171,000
63,250
184,000
63,250
253,000
96,250
257,000
96,250
385,000
93,500
351,000
93,500
374,000
128,750
510,000
128,750
515,000
166,500
728,000
166,500
666,000
183,250
788,000
183,250
733,000
188,000
953,000
188,000
752,000
636,000
1,469,000
636,000
2,544,000
0
2,498,000
636,000
3,552,000
636,000
636,0003,552,000636,0002,498,00002,544,000636,0001,469,000636,000752,000188,000953,000188,000733,000183,250788,000183,250666,000166,500728,000166,500515,000128,750510,000128,750374,00093,500351,00093,500385,00096,250257,00096,250253,00063,250184,00063,250171,00042,750187,00042,750177,00044,250044,2500000000000000000000000000000052,75052,75052,75052,75057,75057,75057,75057,75015,00015,00015,00015,0000000
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,620,000
3,620,000
4,826,000
4,826,000
4,524,000
4,524,000
5,021,000
5,021,000
4,896,000
3,004,000
5,499,000
5,499,000
4,849,000
4,849,000
4,677,000
4,677,000
4,783,000
4,783,000
6,112,000
6,112,000
6,639,000
6,639,000
0
4,258,000
0
04,258,00006,639,0006,639,0006,112,0006,112,0004,783,0004,783,0004,677,0004,677,0004,849,0004,849,0005,499,0005,499,0003,004,0004,896,0005,021,0005,021,0004,524,0004,524,0004,826,0004,826,0003,620,0003,620,00000000000000000000000000000000000000000000000000000000000000000000
       Other Current Assets 
0
0
0
0
907,000
907,000
907,000
907,000
863,750
863,750
863,750
863,750
887,250
887,250
887,250
887,250
728,000
728,000
728,000
728,000
890,000
890,000
890,000
890,000
1,026,000
1,026,000
1,026,000
1,026,000
923,500
923,500
923,500
923,500
721,250
721,250
721,250
721,250
1,213,000
729,000
1,410,000
729,000
1,255,000
863,500
1,742,000
863,500
1,455,000
955,000
1,431,000
955,000
3,820,000
1,026,000
3,529,000
1,026,000
4,104,000
1,072,750
3,737,000
1,072,750
4,291,000
1,218,750
4,341,000
1,218,750
4,875,000
1,233,500
4,376,000
1,233,500
4,934,000
1,480,250
4,666,000
1,480,250
5,921,000
1,447,500
5,333,000
1,447,500
5,790,000
1,596,750
5,758,000
1,596,750
-1,000
1,560,750
1,000
1,560,750
1,000
1,797,000
-2,000
1,797,000
7,188,000
638,000
-1,000
1,797,000
-2,000
1,797,000
1,797,000-2,0001,797,000-1,000638,0007,188,0001,797,000-2,0001,797,0001,0001,560,7501,0001,560,750-1,0001,596,7505,758,0001,596,7505,790,0001,447,5005,333,0001,447,5005,921,0001,480,2504,666,0001,480,2504,934,0001,233,5004,376,0001,233,5004,875,0001,218,7504,341,0001,218,7504,291,0001,072,7503,737,0001,072,7504,104,0001,026,0003,529,0001,026,0003,820,000955,0001,431,000955,0001,455,000863,5001,742,000863,5001,255,000729,0001,410,000729,0001,213,000721,250721,250721,250721,250923,500923,500923,500923,5001,026,0001,026,0001,026,0001,026,000890,000890,000890,000890,000728,000728,000728,000728,000887,250887,250887,250887,250863,750863,750863,750863,750907,000907,000907,000907,0000000
   > Long-term Assets 
0
0
0
0
3,372,500
3,372,500
3,372,500
3,372,500
3,154,750
3,154,750
3,154,750
3,154,750
3,051,750
3,051,750
3,051,750
3,051,750
4,884,250
4,884,250
4,884,250
4,884,250
4,905,000
4,905,000
4,905,000
4,905,000
5,066,500
5,066,500
5,066,500
5,066,500
5,275,750
5,275,750
5,275,750
5,275,750
5,282,750
5,282,750
5,282,750
5,282,750
21,131,000
6,491,250
22,389,000
6,491,250
25,965,000
8,450,500
30,766,000
8,450,500
33,802,000
8,914,250
35,025,000
8,914,250
35,657,000
9,898,000
36,493,000
9,898,000
39,592,000
8,813,000
40,754,000
8,813,000
35,252,000
9,662,750
37,546,000
9,662,750
38,651,000
10,056,000
39,545,000
10,056,000
40,224,000
11,867,000
41,350,000
11,867,000
47,468,000
12,687,250
49,574,000
12,687,250
50,749,000
17,499,250
66,818,000
17,499,250
69,997,000
17,174,500
67,562,000
17,174,500
68,698,000
22,752,500
85,972,000
22,752,500
91,010,000
0
94,018,000
22,752,500
94,906,000
22,752,500
22,752,50094,906,00022,752,50094,018,000091,010,00022,752,50085,972,00022,752,50068,698,00017,174,50067,562,00017,174,50069,997,00017,499,25066,818,00017,499,25050,749,00012,687,25049,574,00012,687,25047,468,00011,867,00041,350,00011,867,00040,224,00010,056,00039,545,00010,056,00038,651,0009,662,75037,546,0009,662,75035,252,0008,813,00040,754,0008,813,00039,592,0009,898,00036,493,0009,898,00035,657,0008,914,25035,025,0008,914,25033,802,0008,450,50030,766,0008,450,50025,965,0006,491,25022,389,0006,491,25021,131,0005,282,7505,282,7505,282,7505,282,7505,275,7505,275,7505,275,7505,275,7505,066,5005,066,5005,066,5005,066,5004,905,0004,905,0004,905,0004,905,0004,884,2504,884,2504,884,2504,884,2503,051,7503,051,7503,051,7503,051,7503,154,7503,154,7503,154,7503,154,7503,372,5003,372,5003,372,5003,372,5000000
       Property Plant Equipment 
0
0
0
0
962,500
962,500
962,500
962,500
917,000
917,000
917,000
917,000
940,000
940,000
940,000
940,000
1,245,750
1,245,750
1,245,750
1,245,750
1,293,250
1,293,250
1,293,250
1,293,250
1,354,750
1,354,750
1,354,750
1,354,750
1,522,000
1,522,000
1,522,000
1,522,000
1,535,000
1,535,000
1,535,000
1,535,000
6,140,000
1,683,250
6,498,000
1,683,250
6,733,000
2,004,250
6,977,000
2,004,250
8,017,000
2,065,000
8,243,000
2,065,000
8,260,000
2,249,250
8,286,000
2,249,250
8,997,000
2,438,750
9,302,000
2,438,750
9,755,000
2,648,750
10,133,000
2,648,750
10,595,000
2,821,000
10,716,000
2,821,000
11,284,000
3,110,750
11,323,000
3,110,750
12,443,000
3,627,500
13,628,000
3,627,500
14,510,000
7,565,000
27,389,000
7,565,000
30,260,000
7,529,500
31,118,000
7,529,500
30,118,000
8,317,500
32,535,000
8,317,500
33,270,000
35,696,000
35,091,000
8,317,500
36,950,000
8,317,500
8,317,50036,950,0008,317,50035,091,00035,696,00033,270,0008,317,50032,535,0008,317,50030,118,0007,529,50031,118,0007,529,50030,260,0007,565,00027,389,0007,565,00014,510,0003,627,50013,628,0003,627,50012,443,0003,110,75011,323,0003,110,75011,284,0002,821,00010,716,0002,821,00010,595,0002,648,75010,133,0002,648,7509,755,0002,438,7509,302,0002,438,7508,997,0002,249,2508,286,0002,249,2508,260,0002,065,0008,243,0002,065,0008,017,0002,004,2506,977,0002,004,2506,733,0001,683,2506,498,0001,683,2506,140,0001,535,0001,535,0001,535,0001,535,0001,522,0001,522,0001,522,0001,522,0001,354,7501,354,7501,354,7501,354,7501,293,2501,293,2501,293,2501,293,2501,245,7501,245,7501,245,7501,245,750940,000940,000940,000940,000917,000917,000917,000917,000962,500962,500962,500962,5000000
       Goodwill 
0
0
0
0
907,750
907,750
907,750
907,750
852,500
852,500
852,500
852,500
805,500
805,500
805,500
805,500
1,119,750
1,119,750
1,119,750
1,119,750
1,134,250
1,134,250
1,134,250
1,134,250
1,204,500
1,204,500
1,204,500
1,204,500
1,104,250
1,104,250
1,104,250
1,104,250
1,067,500
1,067,500
1,067,500
1,067,500
4,270,000
1,256,750
4,408,000
1,256,750
5,027,000
1,739,250
6,416,000
1,739,250
6,957,000
1,951,500
7,245,000
1,951,500
7,806,000
2,489,750
7,956,000
2,489,750
9,959,000
2,202,500
8,988,000
2,202,500
8,810,000
2,530,500
9,723,000
2,530,500
10,122,000
2,600,250
10,611,000
2,600,250
10,401,000
4,128,500
11,899,000
4,128,500
16,514,000
3,431,750
14,026,000
3,431,750
13,727,000
4,008,500
16,406,000
4,008,500
16,034,000
4,010,500
13,485,000
4,010,500
16,042,000
6,476,000
29,928,000
6,476,000
25,904,000
0
25,552,000
6,476,000
24,782,000
6,476,000
6,476,00024,782,0006,476,00025,552,000025,904,0006,476,00029,928,0006,476,00016,042,0004,010,50013,485,0004,010,50016,034,0004,008,50016,406,0004,008,50013,727,0003,431,75014,026,0003,431,75016,514,0004,128,50011,899,0004,128,50010,401,0002,600,25010,611,0002,600,25010,122,0002,530,5009,723,0002,530,5008,810,0002,202,5008,988,0002,202,5009,959,0002,489,7507,956,0002,489,7507,806,0001,951,5007,245,0001,951,5006,957,0001,739,2506,416,0001,739,2505,027,0001,256,7504,408,0001,256,7504,270,0001,067,5001,067,5001,067,5001,067,5001,104,2501,104,2501,104,2501,104,2501,204,5001,204,5001,204,5001,204,5001,134,2501,134,2501,134,2501,134,2501,119,7501,119,7501,119,7501,119,750805,500805,500805,500805,500852,500852,500852,500852,500907,750907,750907,750907,7500000
       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
1,448,000
1,448,000
1,461,000
1,461,000
1,559,000
1,559,000
1,761,000
1,761,000
1,658,000
1,658,000
2,009,000
2,009,000
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000002,009,0002,009,0001,658,0001,658,0001,761,0001,761,0001,559,0001,559,0001,461,0001,461,0001,448,0001,448,00000000000000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
0
0
0
0
1,049,750
1,049,750
1,049,750
1,049,750
975,500
975,500
975,500
975,500
959,250
959,250
959,250
959,250
2,132,500
2,132,500
2,132,500
2,132,500
2,056,750
2,056,750
2,056,750
2,056,750
1,999,750
1,999,750
1,999,750
1,999,750
2,134,000
2,134,000
2,134,000
2,134,000
2,174,250
2,174,250
2,174,250
2,174,250
8,697,000
2,276,000
9,247,000
2,276,000
9,104,000
2,870,500
11,156,000
2,870,500
11,482,000
2,877,500
11,572,000
2,877,500
11,510,000
2,864,500
11,490,000
2,864,500
11,458,000
3,257,750
12,654,000
3,257,750
13,031,000
3,393,000
13,502,000
3,393,000
13,572,000
3,333,750
13,519,000
3,333,750
13,335,000
3,428,500
13,119,000
3,428,500
13,714,000
4,313,500
17,026,000
4,313,500
17,254,000
4,393,750
17,265,000
4,393,750
17,575,000
4,331,500
17,533,000
4,331,500
17,326,000
6,214,500
17,564,000
6,214,500
24,858,000
0
25,711,000
6,214,500
25,715,000
6,214,500
6,214,50025,715,0006,214,50025,711,000024,858,0006,214,50017,564,0006,214,50017,326,0004,331,50017,533,0004,331,50017,575,0004,393,75017,265,0004,393,75017,254,0004,313,50017,026,0004,313,50013,714,0003,428,50013,119,0003,428,50013,335,0003,333,75013,519,0003,333,75013,572,0003,393,00013,502,0003,393,00013,031,0003,257,75012,654,0003,257,75011,458,0002,864,50011,490,0002,864,50011,510,0002,877,50011,572,0002,877,50011,482,0002,870,50011,156,0002,870,5009,104,0002,276,0009,247,0002,276,0008,697,0002,174,2502,174,2502,174,2502,174,2502,134,0002,134,0002,134,0002,134,0001,999,7501,999,7501,999,7501,999,7502,056,7502,056,7502,056,7502,056,7502,132,5002,132,5002,132,5002,132,500959,250959,250959,250959,250975,500975,500975,500975,5001,049,7501,049,7501,049,7501,049,7500000
       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
0
0
0
0
2,744,000
2,744,000
2,573,000
2,573,000
2,801,000
2,801,000
2,895,000
2,895,000
3,498,000
3,498,000
3,800,000
3,800,000
3,199,000
3,199,000
3,113,000
3,113,000
3,666,000
3,666,000
4,206,000
4,206,000
4,889,000
4,889,000
0
4,847,000
0
04,847,00004,889,0004,889,0004,206,0004,206,0003,666,0003,666,0003,113,0003,113,0003,199,0003,199,0003,800,0003,800,0003,498,0003,498,0002,895,0002,895,0002,801,0002,801,0002,573,0002,573,0002,744,0002,744,00000000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
0
0
0
0
3,143,750
3,143,750
3,143,750
3,143,750
2,943,500
2,943,500
2,943,500
2,943,500
2,830,500
2,830,500
2,830,500
2,830,500
4,392,250
4,392,250
4,392,250
4,392,250
4,297,750
4,297,750
4,297,750
4,297,750
4,553,250
4,553,250
4,553,250
4,553,250
4,422,500
4,422,500
4,422,500
4,422,500
4,330,250
4,330,250
4,330,250
4,330,250
17,321,000
4,740,000
16,738,000
4,740,000
18,960,000
5,889,250
23,388,000
5,889,250
23,557,000
6,066,000
24,425,000
6,066,000
24,264,000
6,987,750
24,186,000
6,987,750
27,951,000
7,589,750
27,556,000
7,589,750
30,359,000
7,950,500
30,636,000
7,950,500
31,802,000
7,929,750
31,750,000
7,929,750
31,719,000
9,572,500
37,548,000
9,572,500
38,290,000
10,085,750
40,258,000
10,085,750
40,343,000
14,535,500
55,534,000
14,535,500
58,142,000
17,460,500
66,111,000
17,460,500
69,842,000
19,100,500
73,962,000
19,100,500
76,402,000
0
78,596,000
19,100,500
78,042,000
19,100,500
19,100,50078,042,00019,100,50078,596,000076,402,00019,100,50073,962,00019,100,50069,842,00017,460,50066,111,00017,460,50058,142,00014,535,50055,534,00014,535,50040,343,00010,085,75040,258,00010,085,75038,290,0009,572,50037,548,0009,572,50031,719,0007,929,75031,750,0007,929,75031,802,0007,950,50030,636,0007,950,50030,359,0007,589,75027,556,0007,589,75027,951,0006,987,75024,186,0006,987,75024,264,0006,066,00024,425,0006,066,00023,557,0005,889,25023,388,0005,889,25018,960,0004,740,00016,738,0004,740,00017,321,0004,330,2504,330,2504,330,2504,330,2504,422,5004,422,5004,422,5004,422,5004,553,2504,553,2504,553,2504,553,2504,297,7504,297,7504,297,7504,297,7504,392,2504,392,2504,392,2504,392,2502,830,5002,830,5002,830,5002,830,5002,943,5002,943,5002,943,5002,943,5003,143,7503,143,7503,143,7503,143,7500000
   > Total Current Liabilities 
0
0
0
0
1,650,250
1,650,250
1,650,250
1,650,250
1,529,500
1,529,500
1,529,500
1,529,500
1,483,250
1,483,250
1,483,250
1,483,250
1,647,750
1,647,750
1,647,750
1,647,750
1,589,000
1,589,000
1,589,000
1,589,000
1,942,500
1,942,500
1,942,500
1,942,500
1,653,750
1,653,750
1,653,750
1,653,750
1,512,000
1,512,000
1,512,000
1,512,000
6,048,000
1,765,000
5,159,000
1,765,000
7,060,000
2,398,500
10,391,000
2,398,500
9,594,000
2,370,500
10,053,000
2,370,500
9,482,000
2,925,000
9,679,000
2,925,000
11,700,000
3,043,750
11,893,000
3,043,750
12,175,000
3,174,750
10,999,000
3,174,750
12,699,000
3,202,500
12,452,000
3,202,500
12,810,000
3,750,750
13,383,000
3,750,750
15,003,000
4,208,250
15,766,000
4,208,250
16,833,000
5,655,750
21,048,000
5,655,750
22,623,000
6,329,500
23,208,000
6,329,500
25,318,000
6,997,250
27,929,000
6,997,250
27,989,000
31,934,000
31,934,000
6,997,250
31,543,000
6,997,250
6,997,25031,543,0006,997,25031,934,00031,934,00027,989,0006,997,25027,929,0006,997,25025,318,0006,329,50023,208,0006,329,50022,623,0005,655,75021,048,0005,655,75016,833,0004,208,25015,766,0004,208,25015,003,0003,750,75013,383,0003,750,75012,810,0003,202,50012,452,0003,202,50012,699,0003,174,75010,999,0003,174,75012,175,0003,043,75011,893,0003,043,75011,700,0002,925,0009,679,0002,925,0009,482,0002,370,50010,053,0002,370,5009,594,0002,398,50010,391,0002,398,5007,060,0001,765,0005,159,0001,765,0006,048,0001,512,0001,512,0001,512,0001,512,0001,653,7501,653,7501,653,7501,653,7501,942,5001,942,5001,942,5001,942,5001,589,0001,589,0001,589,0001,589,0001,647,7501,647,7501,647,7501,647,7501,483,2501,483,2501,483,2501,483,2501,529,5001,529,5001,529,5001,529,5001,650,2501,650,2501,650,2501,650,2500000
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,708,000
0
694,000
0
1,834,000
0
3,922,000
0
3,134,000
0
4,103,000
0
2,976,000
0
3,905,000
0
4,688,000
0
5,629,000
0
4,189,000
0
3,695,000
0
3,769,000
0
4,579,000
0
3,447,000
13,090,000
4,869,000
2,099,000
4,530,000
1,560,000
5,659,000
1,228,000
5,027,000
1,962,000
9,919,000
2,130,000
9,783,000
0
10,992,000
0
12,801,000
0
14,548,000
0
10,463,000
0
13,683,000
0
11,991,000
0
011,991,000013,683,000010,463,000014,548,000012,801,000010,992,00009,783,0002,130,0009,919,0001,962,0005,027,0001,228,0005,659,0001,560,0004,530,0002,099,0004,869,00013,090,0003,447,00004,579,00003,769,00003,695,00004,189,00005,629,00004,688,00003,905,00002,976,00004,103,00003,134,00003,922,00001,834,0000694,00001,708,000000000000000000000000000000000000000
       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
13,090,000
13,090,000
2,099,000
2,099,000
1,560,000
1,560,000
1,228,000
1,228,000
1,962,000
7,890,000
2,130,000
7,611,000
0
8,655,000
0
10,638,000
0
12,108,000
0
8,076,000
0
11,024,000
0
9,359,000
0
09,359,000011,024,00008,076,000012,108,000010,638,00008,655,00007,611,0002,130,0007,890,0001,962,0001,228,0001,228,0001,560,0001,560,0002,099,0002,099,00013,090,00013,090,00000000000000000000000000000000000000000000000000000000000000000000
       Accounts payable 
0
0
0
0
357,250
357,250
357,250
357,250
409,750
409,750
409,750
409,750
399,000
399,000
399,000
399,000
433,000
433,000
433,000
433,000
474,750
474,750
474,750
474,750
523,750
523,750
523,750
523,750
573,000
573,000
573,000
573,000
477,750
477,750
477,750
477,750
1,911,000
574,500
1,880,000
574,500
2,298,000
738,000
2,392,000
738,000
2,952,000
783,500
2,761,000
783,500
3,134,000
827,000
2,905,000
827,000
3,308,000
901,500
3,001,000
901,500
3,606,000
990,000
3,374,000
990,000
3,960,000
1,046,000
3,607,000
1,046,000
4,184,000
1,135,000
3,851,000
1,135,000
4,540,000
1,328,500
4,608,000
1,328,500
5,314,000
1,453,500
5,163,000
1,453,500
5,814,000
1,274,500
4,200,000
1,274,500
5,098,000
1,771,500
5,662,000
1,771,500
7,086,000
7,569,000
7,569,000
1,771,500
8,788,000
1,771,500
1,771,5008,788,0001,771,5007,569,0007,569,0007,086,0001,771,5005,662,0001,771,5005,098,0001,274,5004,200,0001,274,5005,814,0001,453,5005,163,0001,453,5005,314,0001,328,5004,608,0001,328,5004,540,0001,135,0003,851,0001,135,0004,184,0001,046,0003,607,0001,046,0003,960,000990,0003,374,000990,0003,606,000901,5003,001,000901,5003,308,000827,0002,905,000827,0003,134,000783,5002,761,000783,5002,952,000738,0002,392,000738,0002,298,000574,5001,880,000574,5001,911,000477,750477,750477,750477,750573,000573,000573,000573,000523,750523,750523,750523,750474,750474,750474,750474,750433,000433,000433,000433,000399,000399,000399,000399,000409,750409,750409,750409,750357,250357,250357,250357,2500000
       Other Current Liabilities 
0
0
0
0
1,293,000
1,293,000
1,293,000
1,293,000
1,119,750
1,119,750
1,119,750
1,119,750
1,084,250
1,084,250
1,084,250
1,084,250
1,214,750
1,214,750
1,214,750
1,214,750
1,114,250
1,114,250
1,114,250
1,114,250
1,418,750
1,418,750
1,418,750
1,418,750
1,080,750
1,080,750
1,080,750
1,080,750
1,034,250
1,034,250
1,034,250
1,034,250
2,429,000
1,190,500
2,585,000
1,190,500
2,928,000
1,660,500
4,077,000
1,660,500
3,508,000
1,587,000
3,189,000
1,587,000
3,372,000
2,098,000
2,869,000
2,098,000
3,704,000
2,142,250
3,263,000
2,142,250
4,380,000
2,184,750
3,930,000
2,184,750
4,970,000
2,156,500
4,266,000
2,156,500
5,179,000
2,615,750
4,663,000
2,615,750
5,933,000
2,879,750
5,499,000
2,879,750
6,492,000
4,202,250
5,966,000
4,202,250
7,026,000
5,055,000
8,016,000
5,055,000
7,419,000
5,225,750
7,719,000
5,225,750
10,440,000
7,636,000
10,682,000
5,225,750
10,764,000
5,225,750
5,225,75010,764,0005,225,75010,682,0007,636,00010,440,0005,225,7507,719,0005,225,7507,419,0005,055,0008,016,0005,055,0007,026,0004,202,2505,966,0004,202,2506,492,0002,879,7505,499,0002,879,7505,933,0002,615,7504,663,0002,615,7505,179,0002,156,5004,266,0002,156,5004,970,0002,184,7503,930,0002,184,7504,380,0002,142,2503,263,0002,142,2503,704,0002,098,0002,869,0002,098,0003,372,0001,587,0003,189,0001,587,0003,508,0001,660,5004,077,0001,660,5002,928,0001,190,5002,585,0001,190,5002,429,0001,034,2501,034,2501,034,2501,034,2501,080,7501,080,7501,080,7501,080,7501,418,7501,418,7501,418,7501,418,7501,114,2501,114,2501,114,2501,114,2501,214,7501,214,7501,214,7501,214,7501,084,2501,084,2501,084,2501,084,2501,119,7501,119,7501,119,7501,119,7501,293,0001,293,0001,293,0001,293,0000000
   > Long-term Liabilities 
0
0
0
0
1,493,500
1,493,500
1,493,500
1,493,500
1,414,000
1,414,000
1,414,000
1,414,000
1,347,250
1,347,250
1,347,250
1,347,250
2,744,500
2,744,500
2,744,500
2,744,500
2,708,750
2,708,750
2,708,750
2,708,750
2,610,750
2,610,750
2,610,750
2,610,750
2,768,750
2,768,750
2,768,750
2,768,750
2,818,250
2,818,250
2,818,250
2,818,250
11,273,000
2,975,000
11,579,000
2,975,000
11,900,000
3,490,750
12,997,000
3,490,750
13,963,000
3,695,500
14,372,000
3,695,500
14,782,000
4,062,750
14,507,000
4,062,750
16,251,000
4,546,000
15,663,000
4,546,000
18,184,000
4,775,750
19,637,000
4,775,750
19,103,000
4,727,250
19,298,000
4,727,250
18,909,000
5,821,750
24,165,000
5,821,750
23,287,000
5,877,500
24,492,000
5,877,500
23,510,000
8,879,750
34,486,000
8,879,750
35,519,000
11,131,000
42,903,000
11,131,000
44,524,000
12,103,250
46,033,000
12,103,250
48,413,000
0
46,662,000
12,103,250
46,499,000
12,103,250
12,103,25046,499,00012,103,25046,662,000048,413,00012,103,25046,033,00012,103,25044,524,00011,131,00042,903,00011,131,00035,519,0008,879,75034,486,0008,879,75023,510,0005,877,50024,492,0005,877,50023,287,0005,821,75024,165,0005,821,75018,909,0004,727,25019,298,0004,727,25019,103,0004,775,75019,637,0004,775,75018,184,0004,546,00015,663,0004,546,00016,251,0004,062,75014,507,0004,062,75014,782,0003,695,50014,372,0003,695,50013,963,0003,490,75012,997,0003,490,75011,900,0002,975,00011,579,0002,975,00011,273,0002,818,2502,818,2502,818,2502,818,2502,768,7502,768,7502,768,7502,768,7502,610,7502,610,7502,610,7502,610,7502,708,7502,708,7502,708,7502,708,7502,744,5002,744,5002,744,5002,744,5001,347,2501,347,2501,347,2501,347,2501,414,0001,414,0001,414,0001,414,0001,493,5001,493,5001,493,5001,493,5000000
       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
0
0
0
0
0
0
0
0
0
0
0
0
24,730,000
0
23,982,000
0
24,052,000
0
23,132,000
0
23,156,000
0
023,156,000023,132,000024,052,000023,982,000024,730,00000000000000000000000000000000000000000000000000000000000000000000000000000000000
       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
0
0
0
0
15,949,000
15,949,000
16,233,000
16,233,000
17,792,000
17,792,000
17,498,000
17,498,000
18,758,000
18,758,000
20,042,000
20,042,000
16,888,000
16,888,000
19,784,000
19,784,000
22,044,000
22,044,000
24,336,000
24,336,000
23,443,000
23,443,000
0
0
0
00023,443,00023,443,00024,336,00024,336,00022,044,00022,044,00019,784,00019,784,00016,888,00016,888,00020,042,00020,042,00018,758,00018,758,00017,498,00017,498,00017,792,00017,792,00016,233,00016,233,00015,949,00015,949,00000000000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
0
0
0
0
2,210,500
2,210,500
2,210,500
2,210,500
2,192,250
2,192,250
2,192,250
2,192,250
2,293,750
2,293,750
2,293,750
2,293,750
2,621,000
2,621,000
2,621,000
2,621,000
2,898,500
2,898,500
2,898,500
2,898,500
3,132,000
3,132,000
3,132,000
3,132,000
3,471,750
3,471,750
3,471,750
3,471,750
3,696,250
3,696,250
3,696,250
3,696,250
13,796,000
4,551,000
15,368,000
4,551,000
17,198,000
5,878,000
20,292,000
5,878,000
22,451,000
6,416,500
23,643,000
6,416,500
24,564,000
6,930,750
25,459,000
6,930,750
26,695,000
5,750,750
27,544,000
5,750,750
21,763,000
6,449,750
23,132,000
6,449,750
24,339,000
6,975,750
24,662,000
6,975,750
26,393,000
7,565,000
26,848,000
7,565,000
28,852,000
8,489,250
29,990,000
8,489,250
32,293,000
9,591,250
33,678,000
9,591,250
36,586,000
9,707,250
35,811,000
9,707,250
37,412,000
12,227,250
41,183,000
12,227,250
47,119,000
0
50,754,000
12,227,250
55,111,000
12,227,250
12,227,25055,111,00012,227,25050,754,000047,119,00012,227,25041,183,00012,227,25037,412,0009,707,25035,811,0009,707,25036,586,0009,591,25033,678,0009,591,25032,293,0008,489,25029,990,0008,489,25028,852,0007,565,00026,848,0007,565,00026,393,0006,975,75024,662,0006,975,75024,339,0006,449,75023,132,0006,449,75021,763,0005,750,75027,544,0005,750,75026,695,0006,930,75025,459,0006,930,75024,564,0006,416,50023,643,0006,416,50022,451,0005,878,00020,292,0005,878,00017,198,0004,551,00015,368,0004,551,00013,796,0003,696,2503,696,2503,696,2503,696,2503,471,7503,471,7503,471,7503,471,7503,132,0003,132,0003,132,0003,132,0002,898,5002,898,5002,898,5002,898,5002,621,0002,621,0002,621,0002,621,0002,293,7502,293,7502,293,7502,293,7502,192,2502,192,2502,192,2502,192,2502,210,5002,210,5002,210,5002,210,5000000
   Common Stock
0
0
0
0
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
36,750
147,000
36,750
147,000
36,750
147,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
38,000
152,000
152,000
152,000
38,000
151,000
38,000
38,000151,00038,000152,000152,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000152,00038,000147,00036,750147,00036,750147,00036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,75036,7500000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income -5,553,250-5,553,250-5,553,250-5,553,25000-5,553,250-20,541,000-5,553,250-17,123,000-4,280,750-16,245,000-4,280,750-14,671,000-3,667,750-13,097,000-3,667,750-11,176,000-2,794,000-10,686,000-2,794,000-10,073,000-2,518,250-9,356,000-2,518,250-9,144,000-2,286,000-8,836,000-2,286,000-8,456,000-2,114,000-8,058,000-2,114,000-7,332,000-1,833,000-6,766,000-1,833,000-6,418,000-1,604,500-6,006,000-1,604,500-5,843,000-1,460,7500-1,460,750000000000000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,225,000
0
2,225,000
0
2,225,000
0
2,225,000
0
1,289,000
0
01,289,00002,225,00002,225,00002,225,00002,225,00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000-912,0000-493,0000-260,00000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
2,173,750
2,173,750
2,173,750
2,173,750
712,000
712,000
712,000
712,000
664,000
664,000
664,000
664,000
2,224,250
2,224,250
2,224,250
2,224,250
2,392,000
2,392,000
2,392,000
2,392,000
2,589,000
2,589,000
2,589,000
2,589,000
2,928,500
2,928,500
2,928,500
2,928,500
3,220,750
3,220,750
3,220,750
3,220,750
11,894,000
3,756,250
14,171,000
3,756,250
14,019,000
5,073,750
18,830,000
5,073,750
19,234,000
6,983,250
21,810,000
6,983,250
20,988,000
7,638,250
23,730,000
7,638,250
23,107,000
6,133,750
25,883,000
6,133,750
15,963,000
7,632,500
21,400,000
7,632,500
20,614,000
8,228,500
22,799,000
8,228,500
22,260,000
8,763,000
24,577,000
8,763,000
23,571,000
9,656,750
26,834,000
9,656,750
25,787,000
11,428,250
30,258,000
11,428,250
29,263,000
5,109,250
35,137,000
5,109,250
1,897,000
6,892,750
35,742,000
6,892,750
3,568,000
44,115,000
4,370,000
0
40,876,000
0
040,876,00004,370,00044,115,0003,568,0006,892,75035,742,0006,892,7501,897,0005,109,25035,137,0005,109,25029,263,00011,428,25030,258,00011,428,25025,787,0009,656,75026,834,0009,656,75023,571,0008,763,00024,577,0008,763,00022,260,0008,228,50022,799,0008,228,50020,614,0007,632,50021,400,0007,632,50015,963,0006,133,75025,883,0006,133,75023,107,0007,638,25023,730,0007,638,25020,988,0006,983,25021,810,0006,983,25019,234,0005,073,75018,830,0005,073,75014,019,0003,756,25014,171,0003,756,25011,894,0003,220,7503,220,7503,220,7503,220,7502,928,5002,928,5002,928,5002,928,5002,589,0002,589,0002,589,0002,589,0002,392,0002,392,0002,392,0002,392,0002,224,2502,224,2502,224,2502,224,250664,000664,000664,000664,000712,000712,000712,000712,0002,173,7502,173,7502,173,7502,173,7500000



Balance Sheet

Currency in EUR. All numbers in thousands.