Mercer International Inc
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Penke I guess you are interested in Mercer International 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 Mercer International 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 Mercer International Inc (30 sec.)

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

How much money do you get?

$0.37

When do you have the money?

1 year

How often do you get paid?

82.5%

What is your share worth?

Current worth

$9.55

Expected worth in 1 year

$6.49

How sure are you?

62.5%

+ What do you gain per year?

Total Gains per Share

$-2.68

Return On Investment

-26.2%

For what price can you sell your share?

Current Price per Share

$10.25

Expected price per share

$8.3161 - $10.62

How sure are you?

50%

1. Valuation of Mercer International Inc (5 min.)

Live pricePrice per Share (EOD)

$10.25

Book Value per Share

$9.55

Intrinsic Value Per Share

$-1.07 - $6.92

Total Value Per Share

$8.48 - $16.47

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

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($0.23) 3Y: ($0.00) TTM: ($-0.77)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.00) 3Y: ($0.00) TTM: ($-0.13)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-0.03	$0.89	$-0.04 - $0.90
2	$-0.08	$1.73	$-0.07 - $0.87
3	$-0.16	$2.52	$-0.10 - $0.85
4	$-0.25	$3.27	$-0.12 - $0.82
5	$-0.36	$3.98	$-0.15 - $0.80
6	$-0.48	$4.64	$-0.18 - $0.78
7	$-0.62	$5.27	$-0.21 - $0.75
8	$-0.76	$5.85	$-0.24 - $0.73
9	$-0.91	$6.41	$-0.26 - $0.70
10	$-1.07	$6.92	$-0.29 - $0.68

2. Growth of Mercer International Inc (5 min.)

Is Mercer International Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$635.4m	$769.8m	-$55.5m	-7.8%

How much money is Mercer International Inc making?

	Current year	Previous year	Grow	Grow %
Making money	-$60.5m	$61.7m	-$122.2m	-202.1%
Net Profit Margin	-12.1%	10.9%	-	-

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

Quarterly Yearly

3. Financial Health of Mercer International Inc (5 min.)

4. Comparing to competitors in the Paper & Paper Products industry (5 min.)

Industry Rankings (Paper & Paper Products)

Richest
#31 / 120

Most Revenue
#37 / 120

Most Profit
#116 / 120

Most Efficient
#110 / 120

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

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

What can you expect buying and holding a share of Mercer International Inc?

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

Speculation

The Price per Share of Mercer International Inc is $10.25. 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 Mercer International 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 Mercer International 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 $9.55. Based on the TTM, the Book Value Change Per Share is $-0.76 per quarter. Based on the YOY, the Book Value Change Per Share is $0.54 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 $0.09 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Mercer International 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	-1.31	-12.8%	-1.16	-11.4%	0.93	9.1%	0.06	0.6%	0.17	1.6%
Usd Book Value Change Per Share	-0.45	-4.4%	-0.76	-7.5%	0.54	5.3%	0.04	0.4%	0.11	1.1%
Usd Dividend Per Share	0.15	1.5%	0.09	0.9%	0.09	0.9%	0.12	1.1%	0.35	3.4%
Usd Total Gains Per Share	-0.30	-2.9%	-0.67	-6.5%	0.64	6.2%	0.16	1.5%	0.46	4.5%
Usd Price Per Share	9.48	-	8.98	-	12.76	-	11.19	-	11.37	-
Price to Earnings Ratio	-1.81	-	-2.58	-	4.60	-	10.65	-	18.33	-
Price-to-Total Gains Ratio	-31.43	-	-26.59	-	-21.47	-	-7.23	-	0.59	-
Price to Book Ratio	0.99	-	0.84	-	1.11	-	1.16	-	1.45	-
Price-to-Total Gains Ratio	-31.43	-	-26.59	-	-21.47	-	-7.23	-	0.59	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	10.25
Number of shares	97

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.09	0.12
Usd Book Value Change Per Share	-0.76	0.04
Usd Total Gains Per Share	-0.67	0.16
Gains per Quarter (97 shares)	-65.05	15.21
Gains per Year (97 shares)	-260.19	60.82

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	36	-297	-270	45	16	51
2	73	-593	-530	90	31	112
3	109	-890	-790	135	47	173
4	145	-1186	-1050	180	63	234
5	182	-1483	-1310	225	79	295
6	218	-1779	-1570	270	94	356
7	254	-2076	-1830	316	110	417
8	291	-2372	-2090	361	126	478
9	327	-2669	-2350	406	142	539
10	364	-2965	-2610	451	157	600

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	0.0	4.0	0.0	0.0%	8.0	4.0	0.0	66.7%	12.0	8.0	0.0	60.0%	30.0	10.0	0.0	75.0%	84.0	39.0	0.0	68.3%
Book Value Change Per Share	0.0	4.0	0.0	0.0%	5.0	7.0	0.0	41.7%	10.0	10.0	0.0	50.0%	24.0	16.0	0.0	60.0%	71.0	51.0	1.0	57.7%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	19.0	0.0	1.0	95.0%	33.0	0.0	7.0	82.5%	35.0	0.0	88.0	28.5%
Total Gains per Share	0.0	4.0	0.0	0.0%	5.0	7.0	0.0	41.7%	10.0	10.0	0.0	50.0%	25.0	15.0	0.0	62.5%	73.0	49.0	1.0	59.3%

Fundamentals of Mercer International Inc

About Mercer International Inc

https://www.mercerint.com
Paper & Paper Products
3508
700 West Pender Street, Vancouver, BC, Canada, V6C 1G8
Google Maps Bing Maps

Mercer International Inc., together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills. The company also manufactures, distributes, and sells lumber, cross-laminated timber, finger joint lumber, glue-laminated timber, wood pallets, electricity, biofuels, and wood residuals. In addition, it generates and sells green energy produced from biomass cogeneration power plant to third party. Further, it produces and sells NBSK pulp manufactured from softwood; green energy using carbon-neutral biofuels, such as black liquor and wood waste; tall oil from black liquor for use as a chemical additive and green energy source; bio extractives and biomaterials, including lignin, turpentine, cellulose filaments, and sandalwood oil; and biofuels; as well as provides transportation and logistics services. The company sells its pulp to pulp markets, integrated paper and paperboard manufacturers; and lumber products to distributors, construction firms, secondary manufacturers, retail yards, and home centers. Mercer International Inc. was founded in 1968 and is headquartered in Vancouver, Canada.

Fundamental data was last updated by Penke on 2024-04-11 14:29:04.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

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

Solvency Details

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

Valuation

Valuation Details

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

1.1. Profitability of Mercer International Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Mercer International Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Mercer International Inc to the Paper & Paper Products industry mean.
A Net Profit Margin of -18.5% means that $-0.19 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Mercer International Inc:

The MRQ is -18.5%. The company is making a huge loss. -2
The TTM is -12.1%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	-18.5%	TTM	-12.1%	-6.4%
TTM	-12.1%	YOY	10.9%	-23.0%
TTM	-12.1%	5Y	0.9%	-13.0%
5Y	0.9%	10Y	3.9%	-3.0%

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
MRQ	-18.5%	2.4%	-20.9%
TTM	-12.1%	3.4%	-15.5%
YOY	10.9%	5.9%	+5.0%
5Y	0.9%	4.6%	-3.7%
10Y	3.9%	4.5%	-0.6%

Measures how much net profit Mercer International Inc earns for each $1 of revenue.

Revenue is the amount of profit Mercer International 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 Mercer International 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 Mercer International Inc to the Paper & Paper Products industry mean.
Can be used to compare companies within the Paper & Paper Products industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Mercer International Inc. If profit margins remain low (compared to the Paper & Paper Products 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 Mercer International Inc is -0.19. This means that Mercer International Inc earned $-0.19 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 Paper & Paper Products industry is 2.4%.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International 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 Mercer International Inc with other companies in the same industry (Paper & Paper Products).
Net profit margin should rise over the years.
Can be influenced when Mercer International Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Mercer International 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 Mercer International 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 Mercer International Inc = -87,216
Total revenue MRQ Mercer International Inc = 470,494
$-87,216 / $470,494 = -0.19 or -18.5%

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 Mercer International Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Mercer International Inc to the Paper & Paper Products industry mean.
-3.3% Return on Assets means that Mercer International Inc generated $-0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Mercer International Inc:

The MRQ is -3.3%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -2.3%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-3.3%	TTM	-2.3%	-1.0%
TTM	-2.3%	YOY	2.5%	-4.8%
TTM	-2.3%	5Y	0.4%	-2.6%
5Y	0.4%	10Y	0.9%	-0.5%

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
MRQ	-3.3%	0.8%	-4.1%
TTM	-2.3%	1.0%	-3.3%
YOY	2.5%	2.2%	+0.3%
5Y	0.4%	1.5%	-1.1%
10Y	0.9%	1.3%	-0.4%

Shows how efficient Mercer International 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 Mercer International Inc to the Paper & Paper Products 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 Mercer International Inc is using its resources to generate profit. If the return on assets (-3.3%) from Mercer International Inc are higher than the Paper & Paper Products mean (0.8%) that means Mercer International 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 Mercer International Inc is -3.3%. This means the company generated $-0.03 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Paper & Paper Products industry is 0.8%.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International 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 Mercer International Inc

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

Income statement
Balance sheet

Net income MRQ (income statement) from Mercer International Inc = -87,216
Total assets MRQ (balance sheet) from Mercer International Inc = 2,662,578
-87,216 / 2,662,578 = -0.03 or -3.3%

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

Above 15%-20% is considered healthy but always compare Mercer International Inc to the Paper & Paper Products industry mean.
-13.7% Return on Equity means Mercer International Inc generated $-0.14 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Mercer International Inc:

The MRQ is -13.7%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -8.7%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-13.7%	TTM	-8.7%	-5.0%
TTM	-8.7%	YOY	8.2%	-16.9%
TTM	-8.7%	5Y	0.9%	-9.6%
5Y	0.9%	10Y	2.7%	-1.8%

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
MRQ	-13.7%	1.6%	-15.3%
TTM	-8.7%	2.0%	-10.7%
YOY	8.2%	4.1%	+4.1%
5Y	0.9%	2.5%	-1.6%
10Y	2.7%	2.6%	+0.1%

Shows how efficient Mercer International 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 Mercer International Inc to the Paper & Paper Products 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 Paper & Paper Products 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 Mercer International Inc is -13.7%. This means Mercer International Inc generated $-0.14 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Paper & Paper Products industry is 1.6%.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International Inc up to 10 years back (depending if Mercer International 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 Mercer International Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Mercer International Inc = -87,216
Shareholders equity (balance sheet) MRQ Mercer International Inc = 635,410
-87,216 / 635,410 = -0.14 or -13.7%

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

1.2. Operating Efficiency of Mercer International Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Mercer International Inc is operating .

Measures how much profit Mercer International 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 Mercer International Inc to the Paper & Paper Products industry mean.
An Operating Margin of -12.5% means the company generated $-0.13 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Mercer International Inc:

The MRQ is -12.5%. The company is operating very inefficient. -2
The TTM is -11.7%. The company is operating very inefficient. -2

Trends

Current period		Compared to		+/-
MRQ	-12.5%	TTM	-11.7%	-0.8%
TTM	-11.7%	YOY	15.2%	-26.9%
TTM	-11.7%	5Y	5.5%	-17.2%
5Y	5.5%	10Y	9.2%	-3.7%

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
MRQ	-12.5%	7.5%	-20.0%
TTM	-11.7%	3.3%	-15.0%
YOY	15.2%	7.4%	+7.8%
5Y	5.5%	7.0%	-1.5%
10Y	9.2%	6.7%	+2.5%

Measures how efficient Mercer International 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 Mercer International Inc to the Paper & Paper Products 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 Mercer International 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 Mercer International Inc is -12.5%. This means that Mercer International Inc earned $-0.13 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Paper & Paper Products industry is 7.5%.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International 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 Mercer International Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Mercer International Inc = -56,395
Total revenue MRQ Mercer International Inc = 470,494
$-56,395 / $470,494 = -0.13 or -12.5%

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 Mercer International Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Paper & Paper Products industry mean).
An Operation Ratio of 1.05 means that the operating costs are $1.05 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Mercer International Inc:

The MRQ is 1.048. The company is inefficient in keeping operating costs low. -1
The TTM is 0.861. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	1.048	TTM	0.861	+0.187
TTM	0.861	YOY	0.827	+0.033
TTM	0.861	5Y	0.885	-0.024
5Y	0.885	10Y	0.868	+0.017

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
MRQ	1.048	1.536	-0.488
TTM	0.861	1.521	-0.660
YOY	0.827	1.411	-0.584
5Y	0.885	1.297	-0.412
10Y	0.868	1.189	-0.321

Measures how efficient Mercer International 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 Mercer International Inc to the Paper & Paper Products 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 Mercer International Inc is 104.8%. This means that Mercer International Inc earned $1.05 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 Paper & Paper Products industry is 1.54.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International 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 Mercer International 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
(466,415 +26,740) \ 470,494 = 1.05

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 Mercer International Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Mercer International Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Paper & Paper Products industry mean).
A Current Ratio of 3.82 means the company has $3.82 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Mercer International Inc:

The MRQ is 3.816. The company is very able to pay all its short-term debts. +2
The TTM is 3.403. The company is very able to pay all its short-term debts. +2

Trends

Current period		Compared to		+/-
MRQ	3.816	TTM	3.403	+0.413
TTM	3.403	YOY	3.734	-0.331
TTM	3.403	5Y	3.750	-0.347
5Y	3.750	10Y	3.647	+0.103

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
MRQ	3.816	1.648	+2.168
TTM	3.403	1.579	+1.824
YOY	3.734	1.561	+2.173
5Y	3.750	1.539	+2.211
10Y	3.647	1.353	+2.294

Measures if Mercer International 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 Paper & Paper Products 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 Mercer International 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 Mercer International Inc is 3.82. This means Mercer International Inc has $3.82 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Paper & Paper Products industry is 1.65.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International 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 Mercer International Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,092,905 \ 286,437) = 3.82

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

Above 1 is considered healthy but always compare Mercer International Inc to the Paper & Paper Products industry mean.
A Quick Ratio of 2.17 means the company can pay off $2.17 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Mercer International Inc:

The MRQ is 2.165. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 1.903. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	2.165	TTM	1.903	+0.262
TTM	1.903	YOY	2.567	-0.664
TTM	1.903	5Y	2.466	-0.562
5Y	2.466	10Y	2.391	+0.075

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
MRQ	2.165	0.657	+1.508
TTM	1.903	0.648	+1.255
YOY	2.567	0.802	+1.765
5Y	2.466	0.700	+1.766
10Y	2.391	0.635	+1.756

Measures if Mercer International 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 Mercer International Inc to the Paper & Paper Products 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 Mercer International Inc can pay off its short term debts. This shows if Mercer International 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 Mercer International Inc is 2.17. This means that Mercer International Inc can pay off $2.17 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Paper & Paper Products industry is 0.66.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International 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 Mercer International 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 Mercer International Inc: (313,992 + 0 +306,166) / 286,437 = 2.17

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 Mercer International Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Mercer International Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Mercer International Inc to Paper & Paper Products industry mean.
A Debt to Asset Ratio of 0.76 means that Mercer International Inc assets are financed with 76.1% credit (debt) and the remaining percentage (100% - 76.1%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Mercer International Inc:

The MRQ is 0.761. The company is just able to pay all its debts by selling its assets.
The TTM is 0.733. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.761	TTM	0.733	+0.028
TTM	0.733	YOY	0.696	+0.037
TTM	0.733	5Y	0.719	+0.014
5Y	0.719	10Y	0.698	+0.021

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
MRQ	0.761	0.475	+0.286
TTM	0.733	0.466	+0.267
YOY	0.696	0.480	+0.216
5Y	0.719	0.487	+0.232
10Y	0.698	0.516	+0.182

Measures how much % of Mercer International Inc assets are financed with debt.

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Mercer International Inc to Paper & Paper Products 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 Mercer International Inc is 0.76. This means means that Mercer International Inc is financed with 76.1% 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 Paper & Paper Products industry is 164.8%.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International 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 Mercer International Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Mercer International Inc

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,027,168 \ 2,662,578 = 76.1% or 0.76.

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 Mercer International Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Mercer International Inc to the Paper & Paper Products industry mean.
A Debt to Equity ratio of 319.0% means that company has $3.19 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Mercer International Inc:

The MRQ is 3.190. The company is unable to pay all its debts with equity. -1
The TTM is 2.775. The company is unable to pay all its debts with equity. -1

Trends

Current period		Compared to		+/-
MRQ	3.190	TTM	2.775	+0.415
TTM	2.775	YOY	2.298	+0.478
TTM	2.775	5Y	2.582	+0.193
5Y	2.582	10Y	2.357	+0.225

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
MRQ	3.190	0.898	+2.292
TTM	2.775	0.871	+1.904
YOY	2.298	0.920	+1.378
5Y	2.582	0.980	+1.602
10Y	2.357	1.166	+1.191

Measures if Mercer International 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 Mercer International 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 Mercer International Inc is 3.19. This means that Mercer International Inc can pay off $3.19 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Paper & Paper Products industry is 0.90.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International 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 Mercer International Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,027,168 \ 635,410 = 3.19 or 319.0%

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 Mercer International 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 Mercer International Inc generates.

Above 15 is considered overpriced but always compare Mercer International Inc to the Paper & Paper Products industry mean.
A PE ratio of -1.81 means the investor is paying $-1.81 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Mercer International Inc:

The EOD is -1.955. Based on the earnings, the company is expensive. -2
The MRQ is -1.808. Based on the earnings, the company is expensive. -2
The TTM is -2.581. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-1.955	MRQ	-1.808	-0.147
MRQ	-1.808	TTM	-2.581	+0.773
TTM	-2.581	YOY	4.603	-7.184
TTM	-2.581	5Y	10.649	-13.230
5Y	10.649	10Y	18.334	-7.685

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
EOD	-1.955	5.744	-7.699
MRQ	-1.808	5.405	-7.213
TTM	-2.581	4.977	-7.558
YOY	4.603	8.355	-3.752
5Y	10.649	7.872	+2.777
10Y	18.334	10.874	+7.460

Measures how much money you pay for each share for every $1 in earnings Mercer International 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 Mercer International Inc to the Paper & Paper Products 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 Mercer International Inc is -1.81. This means the investor is paying $-1.81 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Paper & Paper Products industry is 5.41.
What is the trend?
The trend is important because it shows you how Mercer International Inc is performing over time. The most recent quarter might be important if Mercer International 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 Mercer International 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 Mercer International 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 \ 66,525 = EPS
PE ratio MRQ = -1.81

* 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 Mercer International Inc:

The EOD is -4.907. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -4.538. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -3.546. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-4.907	MRQ	-4.538	-0.369
MRQ	-4.538	TTM	-3.546	-0.992
TTM	-3.546	YOY	113.234	-116.780
TTM	-3.546	5Y	17.779	-21.325
5Y	17.779	10Y	4.112	+13.666

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
EOD	-4.907	3.841	-8.748
MRQ	-4.538	3.260	-7.798
TTM	-3.546	3.416	-6.962
YOY	113.234	2.922	+110.312
5Y	17.779	4.114	+13.665
10Y	4.112	3.729	+0.383

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Paper & Paper Products industry mean).
A PB ratio of 0.99 means the investor is paying $0.99 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Mercer International Inc:

The EOD is 1.073. Based on the equity, the company is underpriced. +1
The MRQ is 0.993. Based on the equity, the company is cheap. +2
The TTM is 0.843. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	1.073	MRQ	0.993	+0.081
MRQ	0.993	TTM	0.843	+0.149
TTM	0.843	YOY	1.108	-0.265
TTM	0.843	5Y	1.164	-0.321
5Y	1.164	10Y	1.446	-0.282

Compared to industry (Paper & Paper Products)

Period	Company	Industry (mean)	+/-
EOD	1.073	0.978	+0.095
MRQ	0.993	0.911	+0.082
TTM	0.843	0.941	-0.098
YOY	1.108	1.094	+0.014
5Y	1.164	1.131	+0.033
10Y	1.446	1.287	+0.159

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Mercer International Inc

Institutions are holding 62.345% of the shares of Mercer International Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	IAT REINSURANCE CO LTD	24.7727	28.8849	16480000	0	0
2023-12-31	BlackRock Inc	7.3134	0.0012	4865245	186627	3.9889
2023-12-31	Boundary Creek Advisors LP	6.0761	1.4985	4042109	1373481	51.4677
2023-12-31	Dimensional Fund Advisors, Inc.	5.6698	0.0104	3771854	18533	0.4938
2023-12-31	COWEN AND COMPANY, LLC	4.9606	2.052	3300000	0	0
2023-12-31	Gates Capital Management Inc	3.9116	0.5684	2602167	-2397413	-47.9523
2023-12-31	Redwood Capital Management, LLC	2.8578	3.2634	1901159	0	0
2023-12-31	Vanguard Group Inc	2.1649	0.0003	1440185	50887	3.6628
2023-12-31	Wells Fargo & Co	1.9381	0.0032	1289296	76504	6.3081
2023-12-31	Hotchkis & Wiley Capital Management LLC	1.8112	0.0407	1204910	-81250	-6.3173
2023-12-31	Pictet Asset Manangement SA	1.7966	0.0125	1195208	-11637	-0.9642
2023-12-31	State Street Corporation	1.5063	0.0005	1002085	75083	8.0996
2023-12-31	Charles Schwab Investment Management Inc	1.3748	0.0022	914588	98895	12.124
2023-12-31	Amvescap Plc.	1.2025	0.0018	799932	257858	47.5688
2023-12-31	Oppenheimer & Co Inc	1.186	0.1375	789018	-64922	-7.6026
2023-12-31	American Century Companies Inc	1.0557	0.0046	702315	-3407	-0.4828
2023-12-31	Herr Investment Group LLC	0.8297	0.304	551969	551969	0
2023-12-31	Bridgeway Capital Management, LLC	0.7595	0.1027	505248	20648	4.2608
2023-12-31	Geode Capital Management, LLC	0.7525	0.0005	500603	42700	9.3251
2023-12-31	Goldman Sachs Group Inc	0.6503	0.0004	432622	366493	554.2092
Total		72.5901	36.8897	48290513	+561049	+1.2%

3.2. Funds holding Mercer International Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-28	iShares Core S&P Small-Cap ETF	4.4679	0.0368	2972235	4224	0.1423
2024-02-29	DFA US Small Cap Value I	1.2525	0.0497	833223	64646	8.4111
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.9619	0.0058	639922	-1125	-0.1755
2024-02-29	DFA US Small Cap I	0.9069	0.0357	603310	0	0
2024-03-29	Schwab Fundamental US Small Company ETF	0.8989	0.0714	597983	0	0
2024-03-29	Avantis US Small Cap Value ETF	0.8618	0.0526	573282	0	0
2024-03-28	iShares S&P Small-Cap 600 Value ETF	0.8195	0.0751	545196	-504	-0.0924
2024-02-29	DFA US Targeted Value I	0.6926	0.0328	460748	67438	17.1463
2024-03-28	SPDR® Portfolio S&P 600 Sm Cap ETF	0.6074	0.0382	404097	400	0.0991
2024-02-29	Franklin MicroCap Value A	0.5506	1.6307	366300	0	0
2024-03-29	Dimensional US Targeted Value ETF	0.5215	0.0344	346956	0	0
2024-02-29	Vanguard Tax-Managed Small Cap Adm	0.5156	0.0354	343034	0	0
2024-03-28	SPDR® S&P 600 Small Cap Value ETF	0.4637	0.0769	308492	0	0
2023-12-31	Pictet-Global Megatrend Sel I USD	0.4627	0.0232	307836	-23976	-7.2258
2024-02-29	DFA US Micro Cap I	0.417	0.0355	277426	0	0
2023-12-31	Bridgeway Omni Small-Cap Value	0.4151	0.2039	276150	0	0
2023-12-31	Bridgeway Omni Small-Cap Value N	0.4151	0.2043	276150	0	0
2023-12-31	Aegis Value I	0.3975	0.6774	264447	0	0
2024-01-31	Keeley Small Cap Dividend Value I	0.3877	0.7963	257890	0	0
2024-03-28	EA Bridgeway Omni Small-Cap Value ETF	0.3725	0.2004	247823	0	0
Total		16.3884	4.3165	10902500	+111103	+1.0%

3.3. Insider Transactions

Insiders are holding 38.22% of the shares of Mercer International Inc.

Date	Owner	Type	Amount	Price
2022-08-26	Rainer Rettig	SELL	12000	16.34
2022-08-16	Keith Purchase	SELL	10000	17.01
2022-03-07	Peter R Kellogg	BUY	7700	12.76
2021-12-23	Eric Xavier Heine	SELL	2900	9.43
2021-12-17	Eric Xavier Heine	SELL	1000	10.4
2021-11-30	Eric Xavier Heine	SELL	3000	10.76
2021-11-08	Peter R Kellogg	BUY	37140	10.47
2021-11-04	Peter R Kellogg	BUY	62860	10.34
2021-10-19	Eric Xavier Heine	SELL	2200	6.94
2021-10-07	Eric Xavier Heine	SELL	10000	11.19
2021-08-16	Eric Xavier Heine	SELL	7500	11.27
2021-05-13	Eric Xavier Heine	SELL	7000	15.46

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Mercer International 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	-	-	-0.452	-0.764	+69%	0.544	-183%	0.041	-1213%	0.108	-519%
Book Value Per Share	-	-	9.551	10.737	-11%	11.568	-17%	9.731	-2%	8.251	+16%
Current Ratio	-	-	3.816	3.403	+12%	3.734	+2%	3.750	+2%	3.647	+5%
Debt To Asset Ratio	-	-	0.761	0.733	+4%	0.696	+9%	0.719	+6%	0.698	+9%
Debt To Equity Ratio	-	-	3.190	2.775	+15%	2.298	+39%	2.582	+24%	2.357	+35%
Dividend Per Share	-	-	0.150	0.094	+60%	0.093	+61%	0.116	+29%	0.353	-57%
Eps	-	-	-1.311	-1.164	-11%	0.928	-241%	0.061	-2247%	0.168	-881%
Free Cash Flow Per Share	-	-	-0.522	-0.772	+48%	0.681	-177%	0.054	-1074%	0.230	-327%
Free Cash Flow To Equity Per Share	-	-	-0.551	0.087	-730%	0.989	-156%	0.297	-286%	0.356	-255%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	6.923	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-1.074	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	0.890	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.030	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	2.524	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-0.157	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	3.978	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-0.358	-	-	-	-	-	-	-	-
Market Cap	681880225.000	+8%	630657000.000	597144370.625	+6%	849265256.750	-26%	744278979.025	-15%	756736567.638	-17%
Net Profit Margin	-	-	-0.185	-0.121	-35%	0.109	-271%	0.009	-2180%	0.039	-572%
Operating Margin	-	-	-0.125	-0.117	-7%	0.152	-182%	0.055	-328%	0.092	-236%
Operating Ratio	-	-	1.048	0.861	+22%	0.827	+27%	0.885	+18%	0.868	+21%
Pb Ratio	1.073	+8%	0.993	0.843	+18%	1.108	-10%	1.164	-15%	1.446	-31%
Pe Ratio	-1.955	-8%	-1.808	-2.581	+43%	4.603	-139%	10.649	-117%	18.334	-110%
Price Per Share	10.250	+8%	9.480	8.976	+6%	12.760	-26%	11.187	-15%	11.375	-17%
Price To Free Cash Flow Ratio	-4.907	-8%	-4.538	-3.546	-22%	113.234	-104%	17.779	-126%	4.112	-210%
Price To Total Gains Ratio	-33.985	-8%	-31.432	-26.587	-15%	-21.466	-32%	-7.233	-77%	0.593	-5397%
Quick Ratio	-	-	2.165	1.903	+14%	2.567	-16%	2.466	-12%	2.391	-9%
Return On Assets	-	-	-0.033	-0.023	-31%	0.025	-232%	0.004	-1022%	0.009	-466%
Return On Equity	-	-	-0.137	-0.087	-37%	0.082	-268%	0.009	-1627%	0.027	-609%
Total Gains Per Share	-	-	-0.302	-0.671	+122%	0.637	-147%	0.157	-292%	0.461	-165%
Usd Book Value	-	-	635410000.000	714301000.000	-11%	769897250.000	-17%	647409200.000	-2%	548933525.000	+16%
Usd Book Value Change Per Share	-	-	-0.452	-0.764	+69%	0.544	-183%	0.041	-1213%	0.108	-519%
Usd Book Value Per Share	-	-	9.551	10.737	-11%	11.568	-17%	9.731	-2%	8.251	+16%
Usd Dividend Per Share	-	-	0.150	0.094	+60%	0.093	+61%	0.116	+29%	0.353	-57%
Usd Eps	-	-	-1.311	-1.164	-11%	0.928	-241%	0.061	-2247%	0.168	-881%
Usd Free Cash Flow	-	-	-34741000.000	-51336250.000	+48%	45355750.000	-177%	3574650.000	-1072%	15331750.000	-327%
Usd Free Cash Flow Per Share	-	-	-0.522	-0.772	+48%	0.681	-177%	0.054	-1074%	0.230	-327%
Usd Free Cash Flow To Equity Per Share	-	-	-0.551	0.087	-730%	0.989	-156%	0.297	-286%	0.356	-255%
Usd Market Cap	681880225.000	+8%	630657000.000	597144370.625	+6%	849265256.750	-26%	744278979.025	-15%	756736567.638	-17%
Usd Price Per Share	10.250	+8%	9.480	8.976	+6%	12.760	-26%	11.187	-15%	11.375	-17%
Usd Profit	-	-	-87216000.000	-60514000.000	-31%	61759750.000	-241%	7454850.000	-1270%	14294200.000	-710%
Usd Revenue	-	-	470494000.000	498461000.000	-6%	570234250.000	-17%	456279350.000	+3%	372309725.000	+26%
Usd Total Gains Per Share	-	-	-0.302	-0.671	+122%	0.637	-147%	0.157	-292%	0.461	-165%
	EOD	+5 -3	MRQ	TTM	+15 -20	YOY	+7 -28	5Y	+8 -27	10Y	+9 -26

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-1.955
Price to Book Ratio (EOD)	Between	0-1	1.073
Net Profit Margin (MRQ)	Greater than	0	-0.185
Operating Margin (MRQ)	Greater than	0	-0.125
Quick Ratio (MRQ)	Greater than	1	2.165
Current Ratio (MRQ)	Greater than	1	3.816
Debt to Asset Ratio (MRQ)	Less than	1	0.761
Debt to Equity Ratio (MRQ)	Less than	1	3.190
Return on Equity (MRQ)	Greater than	0.15	-0.137
Return on Assets (MRQ)	Greater than	0.05	-0.033
Total			3/10 (30.0%)

Create your own Stock Scanner

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

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	61.619
Ma 20	Greater than	Ma 50	9.800
Ma 50	Greater than	Ma 100	9.480
Ma 100	Greater than	Ma 200	9.140
Open	Greater than	Close	10.030
Total			4/5 (80.0%)

Create your own Symbol Scanner

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

Reversals in quarterly reports

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

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Other Current Liabilities		-13,049	-9,597	-22,646	1,254	-21,392	6,779	-14,613	212,982	198,369

Latest Balance Sheet

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

Summary

Total Assets	2,662,578
Total Liabilities	2,027,168
Total Stockholder Equity	635,410

	As reported
Total Liabilities	2,027,168
Total Stockholder Equity	+ 635,410
Total Assets	= 2,662,578

Assets

Total Assets	2,662,578
Total Current Assets	1,092,905
Long-term Assets	1,569,673

Total Current Assets

Total Current Assets (as reported)	1,092,905
Cash And Cash Equivalents	313,992
Net Receivables	306,166
Inventory	414,161
Other Current Assets	23,461
Total Current Assets (calculated)	1,057,780
+/-	35,125

Long-term Assets

Long-term Assets (as reported)	1,569,673
Property Plant Equipment	1,421,662
Goodwill	35,381
Long Term Investments	41,665
Intangible Assets	60,601
Long-term Assets (calculated)	1,559,309
+/-	10,364

Liabilities & Shareholders' Equity

Total Current Liabilities	286,437
Long-term Liabilities	1,740,731
Total Stockholder Equity	635,410

Total Current Liabilities

Total Current Liabilities (as reported)	286,437
Short-term Debt	11,707
Accounts payable	61,099
Other Current Liabilities	198,369
Total Current Liabilities (calculated)	271,175
+/-	15,262

Long-term Liabilities

Long-term Liabilities (as reported)	1,740,731
Long term Debt	1,568,740
Capital Lease Obligations	60,147
Long-term Liabilities Other	13,744
Long-term Liabilities (calculated)	1,642,631
+/-	98,100

Total Stockholder Equity

Total Stockholder Equity (as reported)	635,410
Common Stock	66,471
Retained Earnings	336,113
Accumulated Other Comprehensive Income	-126,671
Other Stockholders Equity	359,497
Total Stockholder Equity (calculated)	635,410
+/-	0

Other

Capital Stock	66,471
Cash and Short Term Investments	313,992
Common Stock Shares Outstanding	66,525
Current Deferred Revenue	15,262
Liabilities and Stockholders Equity	2,662,578
Net Debt	1,314,895
Net Invested Capital	2,204,150
Net Working Capital	806,468
Property Plant and Equipment Gross	2,947,917
Short Long Term Debt Total	1,628,887

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

2012-12-31

2012-09-30

2012-06-30

2012-03-31

2011-12-31

2011-09-30

2011-06-30

2011-03-31

2010-12-31

2010-09-30

2010-06-30

2010-03-31

2009-12-31

2009-09-30

2009-06-30

2009-03-31

2008-12-31

2008-09-30

2008-06-30

2008-03-31

2007-12-31

2007-09-30

2007-06-30

2007-03-31

2006-12-31

2006-09-30

2006-06-30

2006-03-31

2005-12-31

2005-09-30

2005-06-30

2005-03-31

2004-12-31

2004-09-30

2004-06-30

2004-03-31

2003-12-31

2003-09-30

2003-06-30

2003-03-31

2002-12-31

2002-09-30

2002-06-30

2002-03-31

2001-12-31

2001-09-30

2001-06-30

2001-03-31

2000-12-31

2000-09-30

2000-06-30

2000-03-31

1999-12-31

1999-09-30

1999-06-30

1999-03-31

1998-12-31

1998-09-30

1998-06-30

1998-03-31

1997-12-31

1997-09-30

1997-06-30

1997-03-31

1996-12-31

1996-09-30

1996-06-30

1996-03-31

1995-12-31

1995-09-30

1995-06-30

1995-03-31

1994-12-31

1994-09-30

1994-06-30

1994-03-31

1993-12-31

1993-09-30

1993-06-30

1993-03-31

1992-12-31

1992-09-30

1992-06-30

1992-03-31

1991-12-31

1991-09-30

1991-06-30

1991-03-31

1990-12-31

1990-09-30

1990-06-30

1990-03-31

1989-12-31

1989-09-30

1989-06-30

1989-03-31

> Total Assets

0
0
0
60,000
59,000
0
0
60,000
140,700
0
146,700
140,200
0
0
0
115,500
0
108,300
0
212,200
211,100
200,100
288,800
262,600
305,200
311,000
340,500
328,800
322,400
279,600
207,500
279,800
254,200
243,800
245,400
210,300
212,900
233,600
290,700
333,300
350,700
372,200
433,200
455,845
417,853
399,509
374,519
403,659
364,706
347,685
366,917
382,643
363,782
419,214
583,109
629,917
647,433
799,871
965,337
1,176,619
1,219,817
1,274,497
1,482,917
1,700,902
1,984,440
1,859,367
1,693,621
1,693,621
1,692,415
1,752,839
1,694,218
1,719,164
1,723,845
1,764,253
1,838,241
1,874,320
1,944,797
1,963,017
1,759,964
1,642,996
1,477,335
1,550,324
1,589,763
1,552,855
1,501,547
1,426,636
1,614,662
1,617,336
1,704,582
1,780,609
1,671,424
1,577,668
1,618,397
1,551,729
1,567,441
1,565,323
1,518,236
1,525,420
1,587,548
1,548,559
1,546,673
1,608,828
1,547,916
1,326,807
1,233,652
1,267,848
1,272,417
1,182,817
1,238,464
1,180,269
1,233,411
1,158,708
1,201,990
1,328,382
1,385,882
1,724,710
1,507,180
1,522,389
1,541,296
1,975,735
2,013,395
2,029,777
1,949,653
2,065,720
1,951,989
1,973,609
2,044,735
2,129,126
2,178,266
2,214,698
2,231,753
2,351,232
2,456,944
2,415,716
2,543,983
2,725,037
2,740,475
2,633,369
2,655,001
2,662,578

2,662,578

2,655,001

2,633,369

2,740,475

2,725,037

2,543,983

2,415,716

2,456,944

2,351,232

2,231,753

2,214,698

2,178,266

2,129,126

2,044,735

1,973,609

1,951,989

2,065,720

1,949,653

2,029,777

2,013,395

1,975,735

1,541,296

1,522,389

1,507,180

1,724,710

1,385,882

1,328,382

1,201,990

1,158,708

1,233,411

1,180,269

1,238,464

1,182,817

1,272,417

1,267,848

1,233,652

1,326,807

1,547,916

1,608,828

1,546,673

1,548,559

1,587,548

1,525,420

1,518,236

1,565,323

1,567,441

1,551,729

1,618,397

1,577,668

1,671,424

1,780,609

1,704,582

1,617,336

1,614,662

1,426,636

1,501,547

1,552,855

1,589,763

1,550,324

1,477,335

1,642,996

1,759,964

1,963,017

1,944,797

1,874,320

1,838,241

1,764,253

1,723,845

1,719,164

1,694,218

1,752,839

1,692,415

1,693,621

1,859,367

1,984,440

1,700,902

1,482,917

1,274,497

1,219,817

1,176,619

965,337

799,871

647,433

629,917

583,109

419,214

363,782

382,643

366,917

347,685

364,706

403,659

374,519

399,509

417,853

455,845

433,200

372,200

350,700

333,300

290,700

233,600

212,900

210,300

245,400

243,800

254,200

279,800

207,500

279,600

322,400

328,800

340,500

311,000

305,200

262,600

288,800

200,100

211,100

212,200

108,300

115,500

140,200

146,700

140,700

60,000

59,000

60,000

> Total Current Assets

0
0
0
34,000
0
0
0
30,400
0
0
0
64,000
0
0
0
56,200
0
40,900
0
134,000
124,800
107,200
165,500
147,300
183,300
176,200
202,000
140,600
131,500
135,700
99,400
132,700
113,000
102,300
104,000
100,400
102,100
96,100
121,100
121,700
84,900
81,100
111,400
69,116
74,726
91,883
90,776
92,881
78,557
77,045
80,641
83,025
75,882
104,849
119,931
101,057
95,013
131,834
133,158
161,425
168,970
175,307
211,012
280,956
434,593
384,557
317,882
317,882
292,706
309,158
289,806
292,732
317,850
352,028
396,108
423,865
423,579
464,462
419,675
360,416
289,958
302,365
290,641
289,135
306,597
346,396
424,401
474,638
516,535
573,236
550,016
483,735
501,058
481,199
484,578
456,262
455,736
463,537
500,229
471,773
495,120
557,960
554,130
377,835
402,847
417,367
453,070
388,811
415,994
385,764
429,364
401,851
452,978
474,478
513,605
852,339
627,642
661,563
678,034
810,699
843,751
837,892
783,008
844,697
788,553
783,636
834,480
874,852
935,079
937,601
952,276
1,064,305
1,169,385
1,169,114
1,096,688
1,178,175
1,195,843
999,345
1,064,500
1,092,905

1,092,905

1,064,500

999,345

1,195,843

1,178,175

1,096,688

1,169,114

1,169,385

1,064,305

952,276

937,601

935,079

874,852

834,480

783,636

788,553

844,697

783,008

837,892

843,751

810,699

678,034

661,563

627,642

852,339

513,605

474,478

452,978

401,851

429,364

385,764

415,994

388,811

453,070

417,367

402,847

377,835

554,130

557,960

495,120

471,773

500,229

463,537

455,736

456,262

484,578

481,199

501,058

483,735

550,016

573,236

516,535

474,638

424,401

346,396

306,597

289,135

290,641

302,365

289,958

360,416

419,675

464,462

423,579

423,865

396,108

352,028

317,850

292,732

289,806

309,158

292,706

317,882

384,557

434,593

280,956

211,012

175,307

168,970

161,425

133,158

131,834

95,013

101,057

119,931

104,849

75,882

83,025

80,641

77,045

78,557

92,881

90,776

91,883

74,726

69,116

111,400

81,100

84,900

121,700

121,100

96,100

102,100

100,400

104,000

102,300

113,000

132,700

99,400

135,700

131,500

140,600

202,000

176,200

183,300

147,300

165,500

107,200

124,800

134,000

40,900

56,200

64,000

30,400

34,000

Cash And Cash Equivalents

0
0
0
16,000
0
0
0
8,900
0
0
0
14,100
0
0
0
20,800
0
18,900
0
30,900
40,600
27,900
33,200
44,800
39,100
23,400
37,100
29,200
12,700
12,200
11,200
10,000
4,000
5,700
5,100
4,400
2,100
4,000
39,700
53,300
19,900
3,700
1,100
1,722
16,673
7,968
1,885
18,496
12,417
14,061
18,393
10,458
4,915
22,685
46,333
31,783
23,950
25,209
20,447
65,365
59,231
51,465
53,018
67,145
147,846
127,928
107,007
107,007
97,344
93,446
87,951
91,551
60,057
65,377
99,120
123,904
110,077
131,198
106,720
59,097
54,708
87,126
75,084
73,487
65,368
75,724
116,010
131,696
174,005
219,754
173,518
136,183
165,676
165,703
162,002
137,857
141,717
174,897
181,046
147,728
172,109
241,023
239,923
53,172
99,843
90,867
137,288
99,629
129,869
112,651
141,401
136,569
183,579
142,589
157,217
143,299
213,566
269,482
242,185
240,491
233,234
257,322
264,899
351,085
286,526
303,334
345,580
361,098
395,083
384,534
338,730
345,610
410,705
419,861
287,254
354,032
300,560
213,338
343,725
313,992

313,992

343,725

213,338

300,560

354,032

287,254

419,861

410,705

345,610

338,730

384,534

395,083

361,098

345,580

303,334

286,526

351,085

264,899

257,322

233,234

240,491

242,185

269,482

213,566

143,299

157,217

142,589

183,579

136,569

141,401

112,651

129,869

99,629

137,288

90,867

99,843

53,172

239,923

241,023

172,109

147,728

181,046

174,897

141,717

137,857

162,002

165,703

165,676

136,183

173,518

219,754

174,005

131,696

116,010

75,724

65,368

73,487

75,084

87,126

54,708

59,097

106,720

131,198

110,077

123,904

99,120

65,377

60,057

91,551

87,951

93,446

97,344

107,007

127,928

147,846

67,145

53,018

51,465

59,231

65,365

20,447

25,209

23,950

31,783

46,333

22,685

4,915

10,458

18,393

14,061

12,417

18,496

1,885

7,968

16,673

1,722

1,100

3,700

19,900

53,300

39,700

4,000

2,100

4,400

5,100

5,700

4,000

10,000

11,200

12,200

12,700

29,200

37,100

23,400

39,100

44,800

33,200

27,900

40,600

30,900

18,900

20,800

14,100

8,900

16,000

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
10,500
9,300
5,392
5,029
19,617
32,500
5,320
5,735
5,683
5,285
4,052
3,319
1,773
1,564
322
351
382
595
7
0
0
0
61,320
0
0
0
8,336
0
0
0
0
0
0
0
0
0
0
0
18,095
4,682
4,950
0
0
0
0
0
0
0
0
5,450
15,833
16,287
12,914
0
0
0
0
0
0
0
0
0
10,286
9,130
9,479
9,488
9,230
9,682
7,834
7,979
4,327
4,386
2,054
2,125
317,439
0
0
0
0
0
0
0
0
0
48,413
47,865
46,429
46,616
45,844
43,341
0
0
75,000
75,000
0
0
0
0
0

75,000

43,341

45,844

46,616

46,429

47,865

48,413

317,439

2,125

2,054

4,386

4,327

7,979

7,834

9,682

9,230

9,488

9,479

9,130

10,286

12,914

16,287

15,833

5,450

4,950

4,682

18,095

8,336

61,320

595

382

351

322

1,564

1,773

3,319

4,052

5,285

5,683

5,735

5,320

32,500

19,617

5,029

5,392

9,300

10,500

Net Receivables

0
0
0
12,200
0
0
0
16,700
0
0
0
47,400
0
0
0
11,400
0
18,400
0
92,400
71,400
68,500
115,000
82,500
71,700
62,000
55,800
17,700
18,400
22,200
14,700
18,400
16,400
14,300
16,400
22,300
29,200
35,100
41,300
33,800
31,800
45,400
81,100
41,448
35,672
47,149
38,715
46,088
37,623
38,210
39,916
42,658
43,842
51,199
42,898
33,530
36,287
60,207
65,405
40,588
33,902
39,462
41,033
74,079
83,006
91,038
90,971
90,971
95,069
111,272
115,475
109,306
137,915
149,329
147,562
139,876
152,180
155,522
115,665
140,324
107,387
107,841
107,092
102,474
121,348
152,441
138,897
161,869
159,533
150,901
149,802
156,162
155,806
131,566
152,323
145,591
153,908
126,233
131,301
135,893
149,062
134,749
139,326
141,088
135,600
152,767
139,405
134,254
137,344
125,384
130,760
123,892
134,743
177,707
181,062
206,027
212,845
190,807
193,648
252,692
308,573
273,502
228,154
208,740
221,921
209,184
202,619
227,055
237,318
225,238
253,731
345,345
387,779
308,067
324,343
351,993
345,193
335,402
266,927
306,166

306,166

266,927

335,402

345,193

351,993

324,343

308,067

387,779

345,345

253,731

225,238

237,318

227,055

202,619

209,184

221,921

208,740

228,154

273,502

308,573

252,692

193,648

190,807

212,845

206,027

181,062

177,707

134,743

123,892

130,760

125,384

137,344

134,254

139,405

152,767

135,600

141,088

139,326

134,749

149,062

135,893

131,301

126,233

153,908

145,591

152,323

131,566

155,806

156,162

149,802

150,901

159,533

161,869

138,897

152,441

121,348

102,474

107,092

107,841

107,387

140,324

115,665

155,522

152,180

139,876

147,562

149,329

137,915

109,306

115,475

111,272

95,069

90,971

91,038

83,006

74,079

41,033

39,462

33,902

40,588

65,405

60,207

36,287

33,530

42,898

51,199

43,842

42,658

39,916

38,210

37,623

46,088

38,715

47,149

35,672

41,448

81,100

45,400

31,800

33,800

41,300

35,100

29,200

22,300

16,400

14,300

16,400

18,400

14,700

22,200

18,400

17,700

55,800

62,000

71,700

82,500

115,000

68,500

71,400

92,400

18,400

11,400

47,400

16,700

12,200

Other Current Assets

0
0
0
1,000
0
0
0
4,800
0
0
0
2,500
0
0
0
24,000
0
3,600
0
4,100
3,900
900
900
1,000
53,200
66,300
82,600
66,000
73,400
81,400
58,200
83,600
75,500
65,600
67,500
57,900
55,600
39,900
17,500
15,100
16,200
5,100
5,100
2,857
2,641
2,530
2,935
3,000
2,624
2,713
2,497
3,534
2,842
3,676
1
18,223
16,789
22,478
-1
937
1,037
954
1,118
-1
98,354
54,383
16,936
16,936
13,919
1
-1
2,763
1,683
1,494
2,194
-1
7,922
-1
14,260
23,933
8,777
9,909
8,218
9,115
10,160
9,075
16,335
45,126
46,877
51,563
47,343
19,327
18,712
21,349
24,703
10,457
10,623
16,692
16,726
10,918
17,513
10,100
10,052
6,745
4,614
5,522
7,197
4,697
5,411
5,048
5,601
3,612
4,778
7,064
8,827
8,973
15,762
12,041
12,417
13,703
19,636
20,229
20,512
12,273
10,294
9,665
16,417
15,003
14,567
14,475
14,708
16,619
17,494
17,349
24,130
21,680
18,651
20,732
31,697
23,461

23,461

31,697

20,732

18,651

21,680

24,130

17,349

17,494

16,619

14,708

14,475

14,567

15,003

16,417

9,665

10,294

12,273

20,512

20,229

19,636

13,703

12,417

12,041

15,762

8,973

8,827

7,064

4,778

3,612

5,601

5,048

5,411

4,697

7,197

5,522

4,614

6,745

10,052

10,100

17,513

10,918

16,726

16,692

10,623

10,457

24,703

21,349

18,712

19,327

47,343

51,563

46,877

45,126

16,335

9,075

10,160

9,115

8,218

9,909

8,777

23,933

14,260

-1

7,922

-1

2,194

1,494

1,683

2,763

-1

13,919

16,936

54,383

98,354

-1

1,118

954

1,037

937

-1

22,478

16,789

18,223

3,676

2,842

3,534

2,497

2,713

2,624

3,000

2,935

2,530

2,641

2,857

5,100

16,200

15,100

17,500

39,900

55,600

57,900

67,500

65,600

75,500

83,600

58,200

81,400

73,400

66,000

82,600

66,300

53,200

1,000

900

3,900

4,100

3,600

24,000

2,500

4,800

1,000

> Long-term Assets

0
0
0
26,000
59,000
0
0
29,600
140,700
0
146,700
76,200
0
0
0
59,300
0
67,400
0
78,200
86,300
92,900
123,300
115,300
121,900
134,800
138,500
188,200
190,900
143,900
108,100
147,100
141,200
141,500
141,400
109,900
110,800
137,500
169,600
211,600
265,800
291,100
321,800
386,729
343,127
307,626
283,743
310,778
286,149
270,640
286,276
299,618
287,900
314,365
463,178
528,860
552,420
668,037
832,179
1,015,194
1,050,847
1,099,190
1,271,905
1,419,946
1,549,847
1,474,810
1,375,739
1,375,739
1,399,709
1,443,681
1,404,412
1,426,432
1,405,995
1,412,225
1,442,133
1,450,455
1,521,218
1,498,555
1,340,289
1,282,581
1,187,376
1,247,959
1,299,121
1,263,720
1,194,950
1,080,241
1,190,261
1,142,698
1,188,047
1,207,373
1,121,408
1,093,933
1,117,339
1,070,530
1,082,864
1,109,060
1,062,500
1,061,883
1,087,318
1,076,786
1,051,553
1,050,868
993,786
948,972
830,805
850,481
819,347
794,006
822,470
794,505
804,047
756,857
749,012
853,904
872,277
872,371
879,538
860,826
863,262
1,165,036
1,169,644
1,191,885
1,166,645
1,221,023
1,163,436
1,189,973
1,210,255
1,254,274
1,243,187
1,277,097
1,279,477
1,286,927
1,287,559
1,246,602
1,447,295
1,546,862
1,544,632
1,634,024
1,590,501
1,569,673

1,569,673

1,590,501

1,634,024

1,544,632

1,546,862

1,447,295

1,246,602

1,287,559

1,286,927

1,279,477

1,277,097

1,243,187

1,254,274

1,210,255

1,189,973

1,163,436

1,221,023

1,166,645

1,191,885

1,169,644

1,165,036

863,262

860,826

879,538

872,371

872,277

853,904

749,012

756,857

804,047

794,505

822,470

794,006

819,347

850,481

830,805

948,972

993,786

1,050,868

1,051,553

1,076,786

1,087,318

1,061,883

1,062,500

1,109,060

1,082,864

1,070,530

1,117,339

1,093,933

1,121,408

1,207,373

1,188,047

1,142,698

1,190,261

1,080,241

1,194,950

1,263,720

1,299,121

1,247,959

1,187,376

1,282,581

1,340,289

1,498,555

1,521,218

1,450,455

1,442,133

1,412,225

1,405,995

1,426,432

1,404,412

1,443,681

1,399,709

1,375,739

1,474,810

1,549,847

1,419,946

1,271,905

1,099,190

1,050,847

1,015,194

832,179

668,037

552,420

528,860

463,178

314,365

287,900

299,618

286,276

270,640

286,149

310,778

283,743

307,626

343,127

386,729

321,800

291,100

265,800

211,600

169,600

137,500

110,800

109,900

141,400

141,500

141,200

147,100

108,100

143,900

190,900

188,200

138,500

134,800

121,900

115,300

123,300

92,900

86,300

78,200

67,400

59,300

76,200

146,700

140,700

29,600

59,000

26,000

Property Plant Equipment

0
0
0
10,500
0
0
0
12,300
0
0
0
17,400
0
0
0
9,900
0
10,600
0
40,800
48,000
53,900
75,700
69,000
86,500
99,800
103,000
104,000
108,500
115,300
88,300
125,100
120,300
121,200
121,100
87,800
88,400
95,700
136,100
161,000
217,600
242,900
274,900
351,828
309,986
275,175
253,047
265,607
244,797
234,007
246,712
248,167
235,942
266,158
263,552
464,222
483,533
595,156
756,864
936,837
971,253
1,002,846
1,171,498
1,267,953
1,438,033
1,340,481
1,240,112
1,240,112
1,227,890
1,289,338
1,261,214
1,283,034
1,289,704
1,311,311
1,354,668
1,362,837
1,426,020
1,413,459
1,274,023
1,227,419
1,166,567
1,228,851
1,281,051
1,244,424
1,175,874
1,063,561
1,160,751
1,126,170
1,172,020
1,192,993
1,107,903
1,064,058
1,084,718
1,034,185
1,047,317
1,069,746
1,028,275
1,026,252
1,049,044
1,038,631
1,014,511
1,006,906
923,993
883,150
779,211
800,244
783,773
762,391
791,893
767,014
779,606
738,276
734,587
823,364
844,502
844,848
851,622
836,116
834,347
1,029,257
1,036,538
1,045,783
1,022,693
1,087,246
1,032,211
1,053,037
1,078,277
1,122,991
1,111,815
1,145,121
1,151,777
1,145,343
1,139,509
1,105,298
1,261,676
1,356,371
1,363,793
1,448,811
1,414,098
1,421,662

1,421,662

1,414,098

1,448,811

1,363,793

1,356,371

1,261,676

1,105,298

1,139,509

1,145,343

1,151,777

1,145,121

1,111,815

1,122,991

1,078,277

1,053,037

1,032,211

1,087,246

1,022,693

1,045,783

1,036,538

1,029,257

834,347

836,116

851,622

844,848

844,502

823,364

734,587

738,276

779,606

767,014

791,893

762,391

783,773

800,244

779,211

883,150

923,993

1,006,906

1,014,511

1,038,631

1,049,044

1,026,252

1,028,275

1,069,746

1,047,317

1,034,185

1,084,718

1,064,058

1,107,903

1,192,993

1,172,020

1,126,170

1,160,751

1,063,561

1,175,874

1,244,424

1,281,051

1,228,851

1,166,567

1,227,419

1,274,023

1,413,459

1,426,020

1,362,837

1,354,668

1,311,311

1,289,704

1,283,034

1,261,214

1,289,338

1,227,890

1,240,112

1,340,481

1,438,033

1,267,953

1,171,498

1,002,846

971,253

936,837

756,864

595,156

483,533

464,222

263,552

266,158

235,942

248,167

246,712

234,007

244,797

265,607

253,047

275,175

309,986

351,828

274,900

242,900

217,600

161,000

136,100

95,700

88,400

87,800

121,100

121,200

120,300

125,100

88,300

115,300

108,500

104,000

103,000

99,800

86,500

69,000

75,700

53,900

48,000

40,800

10,600

9,900

17,400

12,300

10,500

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,904
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,037
30,937
34,821
34,792
33,921
35,381

35,381

33,921

34,792

34,821

30,937

33,037

17,904

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
62,574
56,049
57,659
55,382
53,122
48,188
48,413
47,865
46,429
46,616
45,844
43,341
49,651
49,574
46,584
45,262
45,635
45,466
49,223
43,933
41,665

41,665

43,933

49,223

45,466

45,635

45,262

46,584

49,574

49,651

43,341

45,844

46,616

46,429

47,865

48,413

48,188

53,122

55,382

57,659

56,049

62,574

Intangible Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,659
0
0
0
5,448
0
0
0
8,461
9,333
8,603
7,922
7,591
7,063
26,234
26,605
26,147
26,025
23,299
24,274
53,927
55,721
55,795
53,442
53,371
48,957
49,893
50,132
51,571
50,525
50,982
48,955
47,902
47,237
44,901
57,406
61,497
52,369
52,115
50,322
60,601

60,601

50,322

52,115

52,369

61,497

57,406

44,901

47,237

47,902

48,955

50,982

50,525

51,571

50,132

49,893

48,957

53,371

53,442

55,795

55,721

53,927

24,274

23,299

26,025

26,147

26,605

26,234

7,063

7,591

7,922

8,603

9,333

8,461

5,448

2,659

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
33,141
32,451
30,696
45,171
41,352
36,633
39,564
51,451
52,012
47,904
55,772
64,527
68,912
72,995
72,192
78,512
79,509
96,297
100,278
151,903
111,909
134,496
136,078
139,300
172,159
154,247
143,300
143,386
116,456
100,802
87,128
87,618
95,318
85,080
66,257
0
20,800
0
0
19,303
19,220
16,825
29,451
0
16,099
14,426
13,372
0
32,607
36,369
35,590
39,198
34,252
35,632
0
38,155
37,042
43,962
69,793
65,822
51,594
50,237
35,574
31,615
30,577
27,491
24,441
18,581
14,425
30,540
27,775
27,523
1,891
1,411
4,641
19,278
21,336
32,648
35,128
27,284
34,080
38,630
33,981
92,963
34,231
35,150
35,404
44,031
51,239
49,819
49,914
52,422
0
49,083
48,227
0

48,227

49,083

52,422

49,914

49,819

51,239

44,031

35,404

35,150

34,231

92,963

33,981

38,630

34,080

27,284

35,128

32,648

21,336

19,278

4,641

1,411

1,891

27,523

27,775

30,540

14,425

18,581

24,441

27,491

30,577

31,615

35,574

50,237

51,594

65,822

69,793

43,962

37,042

38,155

35,632

34,252

39,198

35,590

36,369

32,607

13,372

14,426

16,099

29,451

16,825

19,220

19,303

20,800

66,257

85,080

95,318

87,618

87,128

100,802

116,456

143,386

143,300

154,247

172,159

139,300

136,078

134,496

111,909

151,903

100,278

96,297

79,509

78,512

72,192

72,995

68,912

64,527

55,772

47,904

52,012

51,451

39,564

36,633

41,352

45,171

30,696

32,451

33,141

> Total Liabilities

0
0
0
24,700
14,600
0
0
15,200
86,300
0
100,400
93,700
0
0
0
73,700
0
59,500
0
132,400
127,900
108,300
151,300
123,200
134,000
119,200
131,700
101,800
95,300
105,600
64,600
85,300
70,100
64,000
63,000
74,800
71,500
89,700
134,400
180,300
204,900
231,900
295,000
352,825
319,629
293,112
266,209
278,252
241,649
229,260
239,326
265,413
251,963
273,426
437,403
498,662
517,167
660,576
818,592
1,009,594
1,079,859
1,116,804
1,331,738
1,480,453
1,673,181
1,642,036
1,478,541
1,478,541
1,495,566
1,509,979
1,445,928
1,430,390
1,419,451
1,428,110
1,451,537
1,470,310
1,519,390
1,532,386
1,404,937
1,411,595
1,373,341
1,435,924
1,472,005
1,429,678
1,382,258
1,304,610
1,388,633
1,333,305
1,341,286
1,384,148
1,282,234
1,210,172
1,233,375
1,184,756
1,196,640
1,196,442
1,165,014
1,187,373
1,233,097
1,200,242
1,184,533
1,183,215
1,072,800
887,927
892,066
877,873
879,456
799,841
800,639
780,049
814,093
779,580
806,854
883,133
887,881
1,174,044
922,686
983,887
971,354
1,394,306
1,392,713
1,383,252
1,358,266
1,515,317
1,489,221
1,479,349
1,494,028
1,528,099
1,610,628
1,610,564
1,603,917
1,657,208
1,688,610
1,663,594
1,823,634
1,886,253
1,917,602
1,899,900
1,989,549
2,027,168

2,027,168

1,989,549

1,899,900

1,917,602

1,886,253

1,823,634

1,663,594

1,688,610

1,657,208

1,603,917

1,610,564

1,610,628

1,528,099

1,494,028

1,479,349

1,489,221

1,515,317

1,358,266

1,383,252

1,392,713

1,394,306

971,354

983,887

922,686

1,174,044

887,881

883,133

806,854

779,580

814,093

780,049

800,639

799,841

879,456

877,873

892,066

887,927

1,072,800

1,183,215

1,184,533

1,200,242

1,233,097

1,187,373

1,165,014

1,196,442

1,196,640

1,184,756

1,233,375

1,210,172

1,282,234

1,384,148

1,341,286

1,333,305

1,388,633

1,304,610

1,382,258

1,429,678

1,472,005

1,435,924

1,373,341

1,411,595

1,404,937

1,532,386

1,519,390

1,470,310

1,451,537

1,428,110

1,419,451

1,430,390

1,445,928

1,509,979

1,495,566

1,478,541

1,642,036

1,673,181

1,480,453

1,331,738

1,116,804

1,079,859

1,009,594

818,592

660,576

517,167

498,662

437,403

273,426

251,963

265,413

239,326

229,260

241,649

278,252

266,209

293,112

319,629

352,825

295,000

231,900

204,900

180,300

134,400

89,700

71,500

74,800

63,000

64,000

70,100

85,300

64,600

105,600

95,300

101,800

131,700

119,200

134,000

123,200

151,300

108,300

127,900

132,400

59,500

73,700

93,700

100,400

86,300

15,200

14,600

24,700

> Total Current Liabilities

0
0
0
14,900
0
0
0
12,800
0
0
0
51,000
0
0
0
28,900
0
24,200
0
69,500
65,400
54,900
90,800
65,900
82,100
84,700
97,900
47,500
39,300
51,000
35,700
54,000
54,900
47,800
46,700
57,800
54,200
57,700
58,500
56,700
46,600
59,800
101,500
116,156
77,450
57,038
51,385
66,216
48,737
42,895
44,454
69,179
66,466
63,535
114,019
94,410
80,302
196,345
200,773
222,961
195,072
199,387
363,284
310,296
327,558
281,663
159,749
159,749
224,155
235,905
182,847
158,379
164,742
182,702
179,747
177,450
173,337
197,508
175,853
145,512
144,073
189,804
187,899
145,831
173,205
157,055
183,524
166,508
218,650
227,929
184,998
163,394
183,507
178,177
201,479
180,423
196,629
183,607
199,339
165,499
184,826
179,150
144,721
115,503
131,191
111,798
136,114
104,421
123,080
104,528
119,218
93,170
98,792
142,679
143,316
430,466
151,491
188,471
174,739
195,388
212,256
223,103
204,057
256,312
185,143
196,954
200,716
211,796
230,183
265,364
256,491
283,124
281,184
273,904
323,093
378,061
382,678
370,464
267,866
286,437

286,437

267,866

370,464

382,678

378,061

323,093

273,904

281,184

283,124

256,491

265,364

230,183

211,796

200,716

196,954

185,143

256,312

204,057

223,103

212,256

195,388

174,739

188,471

151,491

430,466

143,316

142,679

98,792

93,170

119,218

104,528

123,080

104,421

136,114

111,798

131,191

115,503

144,721

179,150

184,826

165,499

199,339

183,607

196,629

180,423

201,479

178,177

183,507

163,394

184,998

227,929

218,650

166,508

183,524

157,055

173,205

145,831

187,899

189,804

144,073

145,512

175,853

197,508

173,337

177,450

179,747

182,702

164,742

158,379

182,847

235,905

224,155

159,749

281,663

327,558

310,296

363,284

199,387

195,072

222,961

200,773

196,345

80,302

94,410

114,019

63,535

66,466

69,179

44,454

42,895

48,737

66,216

51,385

57,038

77,450

116,156

101,500

59,800

46,600

56,700

58,500

57,700

54,200

57,800

46,700

47,800

54,900

54,000

35,700

51,000

39,300

47,500

97,900

84,700

82,100

65,900

90,800

54,900

65,400

69,500

24,200

28,900

51,000

12,800

14,900

Short-term Debt

0
0
0
2,000
2,000
0
0
3,500
3,200
0
18,300
2,900
0
0
0
3,200
0
3,100
0
1,900
1,800
1,000
1,000
1,000
11,300
20,400
0
0
0
0
0
2,600
18,400
12,800
9,900
7,600
6,500
5,900
3,600
3,200
2,800
2,800
42,200
19,674
7,317
11,377
11,319
28,012
11,370
10,975
11,162
22,937
21,623
27,468
22,504
33,754
36,081
79,066
81,099
122,172
125,026
115,405
83,137
149,871
132,520
117,952
44,629
44,629
90,060
96,382
51,857
51,553
44,558
45,158
48,564
54,750
55,314
55,195
51,542
27,751
35,158
56,118
41,690
26,851
30,904
28,256
35,335
56,970
64,091
63,919
34,866
36,519
48,141
45,687
52,757
62,978
70,537
57,694
59,106
60,355
62,573
62,182
32,308
12,101
10,741
0
0
-25,145
0
0
0
-16,475
671,701
697,909
3,109
295,924
711,769
736,932
0
0
0
0
0
-154,989
0
0
0
21,901
21,408
21,319
36,676
11,659
10,429
9,770
11,195
12,623
12,824
13,208
12,691
11,707

11,707

12,691

13,208

12,824

12,623

11,195

9,770

10,429

11,659

36,676

21,319

21,408

21,901

-154,989

736,932

711,769

295,924

3,109

697,909

671,701

-16,475

-25,145

10,741

12,101

32,308

62,182

62,573

60,355

59,106

57,694

70,537

62,978

52,757

45,687

48,141

36,519

34,866

63,919

64,091

56,970

35,335

28,256

30,904

26,851

41,690

56,118

35,158

27,751

51,542

55,195

55,314

54,750

48,564

45,158

44,558

51,553

51,857

96,382

90,060

44,629

117,952

132,520

149,871

83,137

115,405

125,026

122,172

81,099

79,066

36,081

33,754

22,504

27,468

21,623

22,937

11,162

10,975

11,370

28,012

11,319

11,377

7,317

19,674

42,200

2,800

3,200

3,600

5,900

6,500

7,600

9,900

12,800

18,400

2,600

20,400

11,300

1,000

1,800

1,900

3,100

3,200

2,900

18,300

3,200

3,500

2,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,052,775
0
0
0
26,933
0
0
0
10,380
0
0
0
6,522
671,701
697,909
3,109
295,924
711,769
736,932
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

736,932

711,769

295,924

3,109

697,909

671,701

6,522

10,380

26,933

1,052,775

Accounts payable

0
0
0
0
0
0
0
5,800
0
0
0
10,700
0
0
0
6,600
0
10,600
0
58,600
55,900
48,200
84,300
59,800
65,900
59,900
73,200
47,500
39,300
51,000
35,700
6,000
36,500
35,000
36,800
50,200
47,700
51,700
54,900
37,800
43,800
57,000
59,400
40,287
41,672
41,369
36,591
37,058
37,186
31,737
33,099
46,242
44,843
36,067
40,399
34,519
36,178
45,689
52,382
47,036
53,577
59,877
80,035
33,132
107,264
122,520
113,813
113,813
134,095
139,523
130,990
55,564
118,750
136,663
130,312
72,432
117,331
141,624
122,966
49,697
108,176
132,813
145,263
47,275
142,537
129,117
147,067
53,918
154,261
163,526
147,731
59,298
134,306
131,511
147,709
40,018
125,045
124,899
139,197
103,814
120,973
115,643
111,151
102,225
119,374
110,704
29,307
96,032
25,550
26,293
27,274
92,133
28,852
45,327
37,357
133,557
42,828
49,175
46,529
194,484
39,579
38,645
43,718
255,544
62,652
53,267
62,169
42,730
52,609
67,679
48,104
282,307
67,061
67,409
87,064
377,306
381,923
369,851
267,343
61,099

61,099

267,343

369,851

381,923

377,306

87,064

67,409

67,061

282,307

48,104

67,679

52,609

42,730

62,169

53,267

62,652

255,544

43,718

38,645

39,579

194,484

46,529

49,175

42,828

133,557

37,357

45,327

28,852

92,133

27,274

26,293

25,550

96,032

29,307

110,704

119,374

102,225

111,151

115,643

120,973

103,814

139,197

124,899

125,045

40,018

147,709

131,511

134,306

59,298

147,731

163,526

154,261

53,918

147,067

129,117

142,537

47,275

145,263

132,813

108,176

49,697

122,966

141,624

117,331

72,432

130,312

136,663

118,750

55,564

130,990

139,523

134,095

113,813

122,520

107,264

33,132

80,035

59,877

53,577

47,036

52,382

45,689

36,178

34,519

40,399

36,067

44,843

46,242

33,099

31,737

37,186

37,058

36,591

41,369

41,672

40,287

59,400

57,000

43,800

37,800

54,900

51,700

47,700

50,200

36,800

35,000

36,500

6,000

35,700

51,000

39,300

47,500

73,200

59,900

65,900

59,800

84,300

48,200

55,900

58,600

10,600

6,600

10,700

5,800

Other Current Liabilities

0
0
0
12,900
-2,000
0
0
3,500
-3,200
0
-18,300
37,400
0
0
0
19,100
0
10,500
0
9,000
7,700
5,700
5,500
5,100
4,900
4,400
24,700
0
0
0
0
45,400
0
0
0
0
0
100
0
15,700
0
0
-100
56,195
28,461
4,292
3,475
1,146
181
183
193
27,367
0
0
51,116
26,137
8,043
71,590
67,292
53,753
16,469
24,105
200,112
90,222
87,774
41,191
1,307
1,307
110,685
109,113
103,321
3,021
1,434
881
871
32,644
692
689
1,345
36,398
108,915
133,686
146,209
68,279
142,302
128,799
148,189
33,049
154,559
164,010
150,132
60,828
135,365
979
1,013
72,962
1,048
1,015
1,035
-4,996
1,280
1,325
1,262
-18,791
1,076
1,094
106,807
10,380
97,530
78,235
91,944
6,522
69,940
97,352
105,959
-391
108,663
139,296
128,210
904
172,677
184,458
160,339
154,511
122,491
143,687
138,547
145,810
140,320
167,261
164,451
-18,144
198,093
192,594
222,235
-13,049
-22,646
-21,392
-14,613
198,369

198,369

-14,613

-21,392

-22,646

-13,049

222,235

192,594

198,093

-18,144

164,451

167,261

140,320

145,810

138,547

143,687

122,491

154,511

160,339

184,458

172,677

904

128,210

139,296

108,663

-391

105,959

97,352

69,940

6,522

91,944

78,235

97,530

10,380

106,807

1,094

1,076

-18,791

1,262

1,325

1,280

-4,996

1,035

1,015

1,048

72,962

1,013

979

135,365

60,828

150,132

164,010

154,559

33,049

148,189

128,799

142,302

68,279

146,209

133,686

108,915

36,398

1,345

689

692

32,644

871

881

1,434

3,021

103,321

109,113

110,685

1,307

41,191

87,774

90,222

200,112

24,105

16,469

53,753

67,292

71,590

8,043

26,137

51,116

27,367

193

183

181

1,146

3,475

4,292

28,461

56,195

-100

15,700

100

45,400

24,700

4,400

4,900

5,100

5,500

5,700

7,700

9,000

10,500

19,100

37,400

-18,300

-3,200

3,500

-2,000

12,900

> Long-term Liabilities

0
0
0
9,800
14,600
0
0
2,400
86,300
0
100,400
42,700
0
0
0
44,800
0
35,300
0
62,900
62,500
53,400
60,500
57,300
51,900
34,500
33,800
54,300
56,000
54,600
28,900
31,300
15,200
16,200
16,300
17,000
17,300
32,000
75,900
123,600
158,300
172,100
193,500
236,669
242,179
236,074
214,824
212,036
192,912
186,365
194,872
196,234
185,497
209,891
323,384
404,252
436,865
464,231
617,819
786,633
884,787
917,417
968,454
1,170,157
1,345,623
1,360,373
1,318,792
1,318,792
1,271,411
1,274,074
1,263,081
1,272,011
1,254,709
1,245,408
1,271,790
1,292,860
1,346,053
1,334,878
1,229,084
1,266,083
1,229,268
1,246,119
1,284,106
1,283,847
1,209,052
1,147,554
1,205,109
1,166,797
1,122,636
1,156,219
1,097,236
1,046,777
1,049,869
1,006,579
995,161
1,016,020
968,384
1,003,765
1,033,758
1,034,743
999,707
1,004,065
928,079
772,424
760,875
766,075
743,342
695,420
677,559
675,521
694,875
686,410
708,062
740,454
744,565
743,578
771,195
795,416
796,615
1,198,918
1,180,457
1,160,149
1,154,209
1,259,005
1,304,078
1,282,395
1,293,312
1,316,303
1,380,445
1,345,200
1,347,426
1,374,084
1,407,426
1,389,690
1,500,541
1,508,192
1,534,924
1,529,436
1,721,683
1,740,731

1,740,731

1,721,683

1,529,436

1,534,924

1,508,192

1,500,541

1,389,690

1,407,426

1,374,084

1,347,426

1,345,200

1,380,445

1,316,303

1,293,312

1,282,395

1,304,078

1,259,005

1,154,209

1,160,149

1,180,457

1,198,918

796,615

795,416

771,195

743,578

744,565

740,454

708,062

686,410

694,875

675,521

677,559

695,420

743,342

766,075

760,875

772,424

928,079

1,004,065

999,707

1,034,743

1,033,758

1,003,765

968,384

1,016,020

995,161

1,006,579

1,049,869

1,046,777

1,097,236

1,156,219

1,122,636

1,166,797

1,205,109

1,147,554

1,209,052

1,283,847

1,284,106

1,246,119

1,229,268

1,266,083

1,229,084

1,334,878

1,346,053

1,292,860

1,271,790

1,245,408

1,254,709

1,272,011

1,263,081

1,274,074

1,271,411

1,318,792

1,360,373

1,345,623

1,170,157

968,454

917,417

884,787

786,633

617,819

464,231

436,865

404,252

323,384

209,891

185,497

196,234

194,872

186,365

192,912

212,036

214,824

236,074

242,179

236,669

193,500

172,100

158,300

123,600

75,900

32,000

17,300

17,000

16,300

16,200

15,200

31,300

28,900

54,600

56,000

54,300

33,800

34,500

51,900

57,300

60,500

53,400

62,500

62,900

35,300

44,800

42,700

100,400

86,300

2,400

14,600

9,800

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,079,982
1,031,378
1,006,873
1,005,764
1,119,035
1,173,991
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,173,991

1,119,035

1,005,764

1,006,873

1,031,378

1,079,982

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
2,972
2,672
3,425
3,721
3,129
3,264
3,339
3,065
2,825
2,999
24,553
34,615
47,072
69,643
60,606
54,621
82,973
65,823
84,834
102,558
124,234
204,649
200,830
188,686
141,966
90,215
108,041
80,170
77,460
54,251
66,268
66,295
74,355
41,898
50,313
89,172
99,597
95,420
105,696
101,434
107,070
104,242
112,857
109,439
104,598
109,444
116,226
118,197
126,700
122,933
127,035
119,294
117,716
110,006
110,988
92,716
97,532
95,393
88,205
59,557
61,819
56,544
54,566
38,339
46,228
41,441
51,673
31,943
51,334
52,896
53,979
26,225
59,426
58,484
63,857
132,860
136,934
141,666
137,814
129,450
120,651
119,646
119,457
119,747
121,994
121,800
122,591
129,965
136,791
136,623
153,149
152,209
0
113,909
120,314
0

120,314

113,909

152,209

153,149

136,623

136,791

129,965

122,591

121,800

121,994

119,747

119,457

119,646

120,651

129,450

137,814

141,666

136,934

132,860

63,857

58,484

59,426

26,225

53,979

52,896

51,334

31,943

51,673

41,441

46,228

38,339

54,566

56,544

61,819

59,557

88,205

95,393

97,532

92,716

110,988

110,006

117,716

119,294

127,035

122,933

126,700

118,197

116,226

109,444

104,598

109,439

112,857

104,242

107,070

101,434

105,696

95,420

99,597

89,172

50,313

41,898

74,355

66,295

66,268

54,251

77,460

80,170

108,041

90,215

141,966

188,686

200,830

204,649

124,234

102,558

84,834

65,823

82,973

54,621

60,606

69,643

47,072

34,615

24,553

2,999

2,825

3,065

3,339

3,264

3,129

3,721

3,425

2,672

2,972

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13,711
0
0
0
22,156
0
0
0
13,171
0
17,588
18,560
17,314
17,997
19,996
21,574
31,961
38,102
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

38,102

31,961

21,574

19,996

17,997

17,314

18,560

17,588

13,171

22,156

13,711

> Total Stockholder Equity

0
0
0
35,300
37,000
0
0
39,200
40,600
0
41,300
41,500
0
0
0
38,200
0
46,700
0
77,100
80,000
84,400
115,700
111,500
132,300
188,800
205,700
227,000
227,100
174,000
142,900
194,500
184,100
179,800
182,400
135,500
141,400
143,900
156,300
153,000
145,800
140,300
138,200
103,020
98,224
106,397
108,310
125,407
123,057
118,425
127,591
117,230
111,819
145,788
123,417
131,255
130,266
139,295
146,745
167,025
139,958
157,693
151,179
220,449
311,259
217,331
215,080
215,080
196,849
242,860
248,290
288,774
304,394
336,143
386,704
404,010
425,407
430,631
355,027
231,402
153,376
166,618
175,096
176,546
165,796
159,908
261,424
313,962
388,651
420,337
412,726
391,570
408,904
387,577
390,972
391,204
373,932
358,300
364,840
359,078
370,765
432,044
475,116
438,880
341,586
389,975
392,961
382,976
437,825
400,220
419,318
379,128
395,136
445,249
498,001
550,666
584,494
538,502
569,942
581,429
620,682
646,525
591,387
550,403
462,768
494,260
550,707
601,027
567,638
604,134
627,836
694,024
768,334
752,122
720,349
838,784
822,873
733,469
665,452
635,410

635,410

665,452

733,469

822,873

838,784

720,349

752,122

768,334

694,024

627,836

604,134

567,638

601,027

550,707

494,260

462,768

550,403

591,387

646,525

620,682

581,429

569,942

538,502

584,494

550,666

498,001

445,249

395,136

379,128

419,318

400,220

437,825

382,976

392,961

389,975

341,586

438,880

475,116

432,044

370,765

359,078

364,840

358,300

373,932

391,204

390,972

387,577

408,904

391,570

412,726

420,337

388,651

313,962

261,424

159,908

165,796

176,546

175,096

166,618

153,376

231,402

355,027

430,631

425,407

404,010

386,704

336,143

304,394

288,774

248,290

242,860

196,849

215,080

217,331

311,259

220,449

151,179

157,693

139,958

167,025

146,745

139,295

130,266

131,255

123,417

145,788

111,819

117,230

127,591

118,425

123,057

125,407

108,310

106,397

98,224

103,020

138,200

140,300

145,800

153,000

156,300

143,900

141,400

135,500

182,400

179,800

184,100

194,500

142,900

174,000

227,100

227,000

205,700

188,800

132,300

111,500

115,700

84,400

80,000

77,100

46,700

38,200

41,500

41,300

40,600

39,200

37,000

35,300

Common 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
99,038
99,038
99,038
99,995
99,995
99,995
99,995
99,995
99,995
66,810
76,093
75,671
80,868
83,894
88,421
91,016
98,236
97,639
97,158
99,136
112,970
234,353
218,601
218,247
218,247
219,991
232,282
230,399
258,208
270,607
274,254
289,541
296,213
320,189
320,690
286,502
282,379
269,113
284,589
297,033
290,624
272,442
247,323
295,444
291,543
321,334
331,179
336,342
320,967
330,849
314,437
318,911
328,472
318,560
323,849
335,897
328,549
329,063
386,081
386,338
386,338
388,613
388,897
388,897
64,424
64,618
64,656
64,656
64,656
64,936
64,974
64,974
64,974
65,127
65,171
65,171
65,171
65,620
65,598
65,598
65,598
65,769
65,800
65,800
65,800
65,920
65,988
65,988
65,988
66,083
66,132
66,132
66,132
66,386
66,471
66,471
66,471

66,471

66,386

66,132

66,083

65,988

65,920

65,800

65,769

65,598

65,620

65,171

65,127

64,974

64,936

64,656

64,618

64,424

388,897

388,613

386,338

386,081

329,063

328,549

335,897

323,849

318,560

328,472

318,911

314,437

330,849

320,967

336,342

331,179

321,334

291,543

295,444

247,323

272,442

290,624

297,033

284,589

269,113

282,379

286,502

320,690

320,189

296,213

289,541

274,254

270,607

258,208

230,399

232,282

219,991

218,247

218,601

234,353

112,970

99,136

97,158

97,639

98,236

91,016

88,421

83,894

80,868

75,671

76,093

66,810

99,995

99,038

Retained Earnings Total Equity

Accumulated Other Comprehensive 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
-52,400
-48,700
-55,242
-61,109
-61,912
-70,050
-63,286
-70,211
-74,772
-65,775
-68,936
-1,771
-1,980
-3,216
-5,057
754
1,792
4,925
6,659
5,104
3,893
6,531
13,755
12,734
13,988
18,686
18,686
14,817
27,039
25,637
10,248
12,916
35,334
53,891
52,958
41,256
44,410
34,096
-2,606
-9,213
10,744
32,494
33,949
41,573
31,750
35,721
42,176
50,064
50,257
29,557
27,666
31,629
27,630
37,384
33,302
27,623
18,975
25,139
31,470
22,385
28,892
-12,452
-52,441
-164,069
-132,820
-146,687
-171,574
-118,950
-145,638
-131,998
-185,269
-173,805
-115,022
-76,710
-59,001
-42,869
-99,224
-101,780
-128,170
-131,982
-107,822
-156,321
-116,560
-191,548
-147,329
-95,041
-27,575
-63,218
-44,819
-86,948
-90,793
-101,369
-185,508
-280,278
-179,962
-161,539
-149,035
-187,393
-126,671

-126,671

-187,393

-149,035

-161,539

-179,962

-280,278

-185,508

-101,369

-90,793

-86,948

-44,819

-63,218

-27,575

-95,041

-147,329

-191,548

-116,560

-156,321

-107,822

-131,982

-128,170

-101,780

-99,224

-42,869

-59,001

-76,710

-115,022

-173,805

-185,269

-131,998

-145,638

-118,950

-171,574

-146,687

-132,820

-164,069

-52,441

-12,452

28,892

22,385

31,470

25,139

18,975

27,623

33,302

37,384

27,630

31,629

27,666

29,557

50,257

50,064

42,176

35,721

31,750

41,573

33,949

32,494

10,744

-9,213

-2,606

34,096

44,410

41,256

52,958

53,891

35,334

12,916

10,248

25,637

27,039

14,817

18,686

13,988

12,734

13,755

6,531

3,893

5,104

6,659

4,925

1,792

754

-5,057

-3,216

-1,980

-1,771

-68,936

-65,775

-74,772

-70,211

-63,286

-70,050

-61,912

-61,109

-55,242

-48,700

-52,400

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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
342,438
341,644
342,815
343,994
344,994
344,753
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

344,753

344,994

343,994

342,815

341,644

342,438

Treasury Stock

Other Stockholders Equity

0
0
0
24,900
26,700
0
0
26,000
26,300
0
24,400
21,000
0
0
0
11,600
0
14,600
0
25,200
24,700
25,700
25,900
14,700
23,500
64,400
63,500
66,000
60,300
58,000
55,400
71,700
58,100
50,100
48,000
45,700
45,400
43,900
52,100
54,800
47,500
98,100
99,300
0
0
0
0
0
0
0
0
0
-1
1
0
100,764
106,575
-1
110,746
281
17
17
17
18
18
17
16
16
60
112
156
204
136
182
192
196
367
701
650
416
-7,824
-8,237
-8,020
-8,714
-7,551
-6,601
-6,717
-5,186
-8,298
-8,120
-7,209
-6,295
-5,810
-5,983
-5,077
-4,691
-4,746
-4,642
-14,067
-11,756
-12,539
-15,356
4,221
4,769
3,194
3,638
4,149
329,246
329,943
330,669
331,641
333,673
335,683
336,556
337,330
338,695
338,735
340,450
341,420
342,438
341,644
342,815
343,994
344,994
344,753
344,688
345,583
345,696
346,186
347,093
348,098
347,902
348,756
350,224
351,438
354,495
355,467
356,769
358,055
359,497

359,497

358,055

356,769

355,467

354,495

351,438

350,224

348,756

347,902

348,098

347,093

346,186

345,696

345,583

344,688

344,753

344,994

343,994

342,815

341,644

342,438

341,420

340,450

338,735

338,695

337,330

336,556

335,683

333,673

331,641

330,669

329,943

329,246

4,149

3,638

3,194

4,769

4,221

-15,356

-12,539

-11,756

-14,067

-4,642

-4,746

-4,691

-5,077

-5,983

-5,810

-6,295

-7,209

-8,120

-8,298

-5,186

-6,717

-6,601

-7,551

-8,714

-8,020

-8,237

-7,824

416

650

701

367

196

192

182

136

204

156

112

281

110,746

-1

106,575

100,764

-1

99,300

98,100

47,500

54,800

52,100

43,900

45,400

45,700

48,000

50,100

58,100

71,700

55,400

58,000

60,300

66,000

63,500

64,400

23,500

14,700

25,900

25,700

24,700

25,200

14,600

11,600

21,000

24,400

26,300

26,000

26,700

24,900

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Accounts Payable	61,099	377,306	282,307	42,730	255,544	194,484	133,557	92,133	96,032	102,225	103,814	40,018	129,143	53,918	47,275	49,697	72,432	55,564	71,057	33,132	47,036	34,519	46,242	37,058	40,287	37,800	50,200	6,000	47,500	59,800	58,600	6,600	10,700	5,800	-
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	-
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	-
Accumulated Other Comprehensive Income	-126,671	-179,962	-90,793	-27,575	-116,560	-128,170	-59,001	-185,269	-171,574	-52,441	31,470	33,302	27,666	42,176	33,949	-2,606	52,958	10,248	17,886	13,755	6,659	-5,057	-68,936	-63,286	-55,242	0	0	0	0	0	0	0	0	0	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Lease Obligations	60,147	65,859	73,807	51,262	41,623	38,593	27,464	26,467	0	0	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	66,471	66,132	65,988	65,800	65,598	65,171	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Capital Surpluse	0	0	0	0	344,994	342,438	338,695	333,673	329,246	0	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	313,992	354,032	345,610	361,098	351,085	240,491	143,299	136,569	99,629	53,172	147,728	137,857	136,183	131,696	73,487	59,097	123,904	91,551	98,878	67,145	65,365	31,783	10,458	18,496	1,722	53,300	4,400	10,000	29,200	44,800	30,900	20,800	14,100	8,900	16,000
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	-
Cash And Short Term Investments	313,992	354,032	345,610	361,098	351,085	240,491	143,299	136,569	99,629	53,172	147,728	137,857	152,016	131,696	73,487	59,097	123,904	91,551	98,878	67,145	65,372	32,105	14,510	23,816	7,114	53,300	4,400	10,000	29,200	44,800	30,900	20,800	14,100	8,900	16,000
Common Stock	66,471	66,132	65,988	65,800	65,598	65,171	64,974	64,656	64,424	386,338	328,549	328,472	320,967	291,543	290,624	282,379	296,213	258,208	214,907	112,970	98,236	80,868	99,995	99,995	99,038	0	0	0	0	0	0	0	0	0	-
Common Stock Shares Outstanding	66,407	66,602	66,284	65,768	65,553	65,771	65,393	65,098	64,777	62,515	55,674	55,597	56,986	56,963	36,297	36,285	45,303	40,041	31,344	17,315	17,053	16,651	16,622	15,761	16,356	15,306	14,954	14,000	12,794	11,244	10,435	10,256	11,231	10,435	8,750
Common Stock Total Equity	0	0	0	65,800	65,598	65,171	64,974	64,656	64,424	64,156	328,500	327,800	320,600	293,200	290,400	283,500	295,900	258,200	214,907	112,970	98,236	80,868	0	0	0	0	0	0	0	0	0	0	0	0	-
Current Deferred Revenue	15,262	1,181	7,302	7,161	-5,866	0	-97,406	0	0	-13,655	-56,139	9,545	-66,598	58,960	74,774	72,136	49,548	48,241	51,300	37,071	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Liab	0	0	0	0	0	0	31,961	17,314	13,171	22,156	13,711	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	-
Good Will	35,381	30,937	0	0	0	17,904	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Intangible Assets	60,601	61,497	47,902	51,571	53,371	53,927	26,147	7,591	8,461	5,448	2,659	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Inventory	414,161	450,470	356,731	271,696	272,599	303,813	176,601	133,451	141,001	146,576	170,908	156,453	156,230	135,948	104,059	137,062	151,302	82,959	96,037	71,656	30,057	17,199	22,323	19,977	17,697	19,500	15,800	20,700	27,700	19,000	6,600	0	0	0	4,800
Liabilities And Stockholders Equity	2,662,578	2,725,037	2,351,232	2,129,126	2,065,720	1,975,735	1,724,710	1,158,708	1,182,817	1,326,807	1,548,559	1,565,323	1,577,668	1,617,336	1,552,855	1,603,141	1,874,320	1,719,164	1,649,581	1,700,902	1,176,619	629,917	382,643	403,659	455,845	333,300	210,300	279,800	328,800	262,600	212,200	115,500	140,200	60,000	60,000
Long Term Debt	1,568,740	1,302,747	1,181,971	1,145,294	1,087,932	1,041,389	662,997	617,545	638,043	683,975	927,577	886,133	926,202	1,044,363	1,182,819	1,128,769	1,199,344	1,161,508	1,102,450	1,064,117	733,576	368,944	193,169	208,315	0	0	0	0	0	0	0	0	0	0	-
Long Term Debt Total	0	0	0	0	1,119,035	1,066,058	690,461	644,012	650,342	0	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	41,665	45,635	49,651	46,429	53,122	62,574	0	0	0	0	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	-
Net Debt	1,314,895	1,001,951	898,509	835,458	778,470	839,491	843,086	507,443	550,713	649,662	850,937	823,998	832,178	977,407	1,131,927	1,146,021	1,135,346	1,123,499	1,042,180	1,147,858	789,189	371,548	205,648	217,831	251,115	71,400	18,200	21,200	-4,000	-8,400	8,600	4,400	2,500	-3,000	-11,500
Net Invested Capital	2,204,150	2,141,531	1,875,995	1,746,321	1,638,335	1,622,818	1,509,587	0	0	0	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	306,166	351,993	345,345	227,055	208,740	252,692	206,027	123,892	134,254	141,088	135,893	145,591	156,162	161,869	102,474	140,324	139,876	109,306	87,952	74,079	40,588	33,530	42,658	46,088	41,448	33,800	22,300	18,400	17,700	82,500	92,400	11,400	47,400	16,700	12,200
Net Tangible Assets	0	746,350	646,122	549,456	497,032	527,502	526,094	371,537	374,515	429,955	356,419	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Working Capital	806,468	800,114	781,181	663,056	588,385	615,311	421,873	308,681	284,390	262,332	306,274	275,839	320,341	308,130	143,305	214,904	246,415	134,353	131,599	-29,340	-61,536	6,647	13,846	26,665	-47,040	65,000	42,600	78,700	93,100	81,400	64,500	27,300	13,000	17,600	-
Non Current Assets Total	1,569,673	1,546,862	1,286,927	1,254,274	1,221,023	1,165,036	872,371	756,857	794,006	948,972	1,076,786	1,109,060	1,093,933	1,142,698	1,263,720	1,242,725	1,450,455	1,426,432	1,351,905	1,419,946	1,015,194	528,860	299,618	310,778	386,729	211,600	109,900	147,100	188,200	115,300	78,200	59,300	76,200	29,600	26,000
Non Current Liabilities Other	13,744	14,072	13,590	10,909	14,114	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Current Liabilities Total	1,740,731	1,508,192	1,374,084	1,316,303	1,259,005	1,198,918	743,578	686,410	695,420	772,424	1,034,743	1,016,020	1,046,777	1,166,797	1,283,847	1,273,728	1,292,860	1,272,011	1,307,467	1,170,157	786,633	404,252	196,234	212,036	236,669	123,600	17,000	31,300	54,300	57,300	62,900	44,800	42,700	2,400	9,800
Non Currrent Assets Other	-86,960	-73,537	42,854	31,928	26,038	17,904	-30,585	-6,324	9,983	22,767	20,998	16,084	13,950	-6,041	14,388	10,496	61,882	103,819	46,454	78,142	65,811	53,991	42,274	45,171	34,901	50,600	22,100	22,000	84,200	46,300	37,400	49,400	58,800	17,300	15,500
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	-
Other Assets	0	52,422	44,031	92,963	27,284	19,278	2,951	10,990	23,154	60,374	35,496	39,198	0	0	15,394	0	81,670	131,846	131,823	145,027	73,532	51,305	38,916	34,774	0	0	0	0	0	0	0	0	0	0	-
Other Current Assets	23,461	21,680	16,619	15,003	12,273	13,703	8,973	3,612	4,697	6,745	10,918	10,457	19,327	45,126	9,115	23,933	-1	2,763	14,809	-1	937	18,223	3,534	3,000	2,857	15,100	57,900	83,600	66,000	1,000	4,100	24,000	2,500	4,800	1,000
Other Current Liab	198,369	-13,049	-18,144	153,223	768	904	98,391	1,037	8,389	14,832	57,469	67,883	67,578	968	812	710	720	3,021	6,352	90,222	53,753	26,137	27,367	1,146	56,195	15,700	0	45,400	0	5,100	9,000	19,100	37,400	3,500	12,900
Other Liab	0	152,209	129,965	119,747	129,450	132,860	58,395	47,114	43,165	59,557	92,716	119,294	118,197	109,439	101,434	89,172	66,295	80,170	188,686	102,558	54,621	34,615	3,065	3,721	0	0	0	0	0	0	0	0	0	0	-
Other Stockholder Equity	359,497	354,495	347,902	345,696	344,994	342,438	338,695	333,673	329,246	4,769	-11,756	-4,691	-6,295	-5,186	-8,714	416	196	204	16	18	281	100,764	0	0	0	54,800	45,700	71,700	66,000	14,700	25,200	11,600	21,000	26,000	24,900
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	-
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	-
Property Plant And Equipment Gross	2,947,917	1,356,371	1,145,343	1,122,991	1,087,246	1,029,257	844,848	738,276	762,391	883,150	1,038,600	1,066,500	1,062,700	1,132,700	1,243,400	1,232,400	1,361,500	1,282,800	1,212,687	1,267,953	936,837	464,222	0	0	0	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Net	1,421,662	1,356,371	1,145,343	1,122,991	1,087,246	1,029,257	844,848	738,276	762,391	883,150	1,038,631	1,069,746	1,064,058	1,126,170	1,244,424	1,227,419	1,362,837	1,283,034	1,212,687	1,267,953	936,837	464,222	248,167	265,607	351,828	161,000	87,800	125,100	104,000	69,000	40,800	9,900	17,400	12,300	10,500
Property Plant Equipment	0	1,356,371	1,145,343	1,122,991	1,087,246	1,029,257	844,848	738,276	762,391	883,150	1,038,631	1,066,587	1,065,050	1,123,575	1,244,817	1,227,244	1,362,837	1,282,938	1,213,405	1,267,205	938,701	463,427	248,167	265,607	0	0	0	0	0	0	0	0	0	0	-
Retained Earnings	336,113	598,119	370,927	217,106	256,371	301,990	205,998	166,068	160,880	100,214	10,815	34,121	49,232	-14,571	-139,313	-48,787	54,643	20,114	-56,772	93,706	61,849	55,444	86,171	88,698	59,224	98,200	89,800	122,800	161,000	96,800	50,700	26,600	20,500	13,200	10,400
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt	0	0	0	0	0	0	295,924	6,522	10,380	26,933	1,052,775	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	1,628,887	1,355,983	1,244,119	1,196,556	1,129,555	1,079,982	986,385	644,012	650,342	702,834	998,665	961,855	968,361	1,109,102	1,205,414	1,205,119	1,259,250	1,215,050	1,141,058	1,215,003	854,554	403,331	216,106	236,327	252,837	124,700	22,600	31,200	25,200	36,400	39,500	25,200	16,600	5,900	4,500
Short Term Debt	11,707	12,623	11,659	8,682	5,866	0	295,924	6,522	10,380	12,101	60,355	62,978	33,272	52,661	22,970	22,970	54,750	51,553	37,368	149,871	122,172	33,754	22,937	28,012	19,674	3,200	7,600	2,600	0	1,000	1,900	3,200	2,900	3,500	2,000
Short Term Investments	0	0	0	46,429	0	0	317,439	4,327	9,230	10,286	0	0	15,833	0	0	18,095	0	0	8,336	61,320	7	322	4,052	5,320	5,392	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	-
Total Assets	2,662,578	2,725,037	2,351,232	2,129,126	2,065,720	1,975,735	1,724,710	1,158,708	1,182,817	1,326,807	1,548,559	1,565,323	1,577,668	1,617,336	1,552,855	1,603,141	1,874,320	1,719,164	1,649,581	1,700,902	1,176,619	629,917	382,643	403,659	455,845	333,300	210,300	279,800	328,800	262,600	212,200	115,500	140,200	60,000	60,000
Total Current Assets	1,092,905	1,178,175	1,064,305	874,852	844,697	810,699	852,339	401,851	388,811	377,835	471,773	456,262	483,735	474,638	289,135	360,416	423,865	292,732	297,676	280,956	161,425	101,057	83,025	92,881	69,116	121,700	100,400	132,700	140,600	147,300	134,000	56,200	64,000	30,400	34,000
Total Current Liabilities	286,437	378,061	283,124	211,796	256,312	195,388	430,466	93,170	104,421	115,503	165,499	180,423	163,394	166,508	145,831	145,512	177,450	158,379	166,077	310,296	222,961	94,410	69,179	66,216	116,156	56,700	57,800	54,000	47,500	65,900	69,500	28,900	51,000	12,800	14,900
Total Liab	2,027,168	1,886,253	1,657,208	1,528,099	1,515,317	1,394,306	1,174,044	779,580	799,841	887,927	1,200,242	1,196,442	1,210,172	1,333,305	1,429,678	1,419,240	1,470,310	1,430,390	1,473,544	1,480,453	1,009,594	498,662	265,413	278,252	352,825	180,300	74,800	85,300	101,800	123,200	132,400	73,700	93,700	15,200	24,700
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	-
Total Stockholder Equity	635,410	838,784	694,024	601,027	550,403	581,429	550,666	379,128	382,976	438,880	359,078	391,204	391,570	313,962	176,546	231,402	404,010	288,774	176,037	220,449	167,025	131,255	117,230	125,407	103,020	153,000	135,500	194,500	227,000	111,500	77,100	38,200	41,500	39,200	35,300
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	-
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	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31
Accounts Payable	61,099	267,343	369,851	381,923	377,306	87,064	67,409	67,061	282,307	48,104	67,679	52,609	42,730	62,169	53,267	62,652	255,544	43,718	38,645	39,579	194,484	46,529	49,175	42,828	133,557	37,357	45,327	28,852	92,133	27,274	26,293	25,550	96,032	29,307	110,704	119,374	102,225	111,151	115,643	120,973	103,814	139,197	124,899	125,045	40,018	147,709	131,511	134,306	59,298	147,731	163,526	154,261	53,918	147,067	129,117	142,537	47,275	145,263	132,813	108,176	49,697	122,966	141,624	117,331	72,432	130,312	136,663	118,750	55,564	130,990	139,523	134,095	113,813	113,813	122,520	107,264	33,132	80,035	59,877	53,577	47,036	52,382	45,689	36,178	34,519	40,399	36,067	44,843	46,242	33,099	31,737	37,186	37,058	36,591	41,369	41,672	40,287	59,400	57,000	43,800	37,800	54,900	51,700	47,700	50,200	36,800	35,000	36,500	6,000	35,700	51,000	39,300	47,500	73,200	59,900	65,900	59,800	84,300	48,200	55,900	58,600	-	10,600	-	6,600	-	-	-	10,700	-	-	0	5,800	-	-	0	-	-	-	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Accumulated Other Comprehensive Income	-126,671	-187,393	-149,035	-161,539	-179,962	-280,278	-185,508	-101,369	-90,793	-86,948	-44,819	-63,218	-27,575	-95,041	-147,329	-191,548	-116,560	-156,321	-107,822	-131,982	-128,170	-101,780	-99,224	-42,869	-59,001	-76,710	-115,022	-173,805	-185,269	-131,998	-145,638	-118,950	-171,574	-146,687	-132,820	-164,069	-52,441	-12,452	28,892	22,385	31,470	25,139	18,975	27,623	33,302	37,384	27,630	31,629	27,666	29,557	50,257	50,064	42,176	35,721	31,750	41,573	33,949	32,494	10,744	-9,213	-2,606	34,096	44,410	41,256	52,958	53,891	35,334	12,916	10,248	25,637	27,039	14,817	18,686	18,686	13,988	12,734	13,755	6,531	3,893	5,104	6,659	4,925	1,792	754	-5,057	-3,216	-1,980	-1,771	-68,936	-65,775	-74,772	-70,211	-63,286	-70,050	-61,912	-61,109	-55,242	-48,700	-52,400	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Capital Lease Obligations	60,147	11,593	11,670	9,501	65,859	61,413	62,874	67,306	73,807	62,458	65,527	60,661	51,262	49,653	48,680	46,973	41,623	32,308	34,839	35,749	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	66,471	66,471	66,471	66,386	66,132	66,132	66,132	66,083	65,988	65,988	65,988	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	344,753	344,994	343,994	342,815	341,644	342,438	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	313,992	343,725	213,338	300,560	354,032	287,254	419,861	410,705	345,610	338,730	384,534	395,083	361,098	345,580	303,334	286,526	351,085	264,899	257,322	233,234	240,491	242,185	269,482	213,566	143,299	157,217	142,589	183,579	136,569	141,401	112,651	129,869	99,629	137,288	90,867	99,843	53,172	239,923	241,023	172,109	147,728	181,046	174,897	141,717	137,857	162,002	165,703	165,676	136,183	173,518	219,754	174,005	131,696	116,010	75,724	65,368	73,487	75,084	87,126	54,708	59,097	106,720	131,198	110,077	123,904	99,120	65,377	60,057	91,551	87,951	93,446	97,344	107,007	107,007	127,928	147,846	67,145	53,018	51,465	59,231	65,365	20,447	25,209	23,950	31,783	46,333	22,685	4,915	10,458	18,393	14,061	12,417	18,496	1,885	7,968	16,673	1,722	1,100	3,700	19,900	53,300	39,700	4,000	2,100	4,400	5,100	5,700	4,000	10,000	11,200	12,200	12,700	29,200	37,100	23,400	39,100	44,800	33,200	27,900	40,600	30,900	-	18,900	-	20,800	-	-	-	14,100	-	-	0	8,900	-	-	0	16,000	-	-	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Cash And Short Term Investments	313,992	343,725	213,338	300,560	354,032	362,254	494,861	410,705	345,610	338,730	384,534	395,083	361,098	345,580	303,334	286,526	351,085	264,899	257,322	233,234	240,491	242,185	269,482	213,566	143,299	157,217	142,589	183,579	136,569	141,401	112,651	129,869	99,629	137,288	90,867	99,843	53,172	239,923	241,023	172,109	147,728	181,046	174,897	141,717	137,857	162,002	178,617	181,963	152,016	178,969	219,754	174,005	131,696	116,010	75,724	65,368	73,487	75,084	87,126	54,708	59,097	106,720	131,198	110,077	123,904	99,120	65,377	60,057	91,551	87,951	93,446	97,344	107,007	107,007	127,928	147,846	67,145	53,018	51,465	59,231	65,372	21,042	25,591	24,301	32,105	47,897	24,458	8,234	14,510	23,678	19,744	18,152	23,816	34,385	27,585	21,702	7,114	10,400	14,200	19,900	53,300	39,700	4,000	2,100	4,400	5,100	5,700	4,000	10,000	11,200	12,200	12,700	29,200	37,100	23,400	39,100	44,800	33,200	27,900	40,600	30,900	-	18,900	-	20,800	-	-	-	14,100	-	-	0	8,900	-	-	0	16,000	-	-	-
Common Stock	66,471	66,471	66,471	66,386	66,132	66,132	66,132	66,083	65,988	65,988	65,988	65,920	65,800	65,800	65,800	65,769	65,598	65,598	65,598	65,620	65,171	65,171	65,171	65,127	64,974	64,974	64,974	64,936	64,656	64,656	64,656	64,618	64,424	388,897	388,897	388,613	386,338	386,338	386,081	329,063	328,549	335,897	323,849	318,560	328,472	318,911	314,437	330,849	320,967	336,342	331,179	321,334	291,543	295,444	247,323	272,442	290,624	297,033	284,589	269,113	282,379	286,502	320,690	320,189	296,213	289,541	274,254	270,607	258,208	230,399	232,282	219,991	218,247	218,247	218,601	234,353	112,970	99,136	97,158	97,639	98,236	91,016	88,421	83,894	80,868	75,671	76,093	66,810	99,995	99,995	99,995	99,995	99,995	99,995	99,038	99,038	99,038	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Common Stock Shares Outstanding	66,525	66,471	66,425	66,259	66,167	66,589	66,589	66,425	66,037	66,306	66,333	66,199	65,800	65,891	65,779	65,694	65,514	65,974	65,842	65,911	66,190	65,818	65,683	65,575	65,184	65,394	64,946	65,288	66,032	65,155	64,628	64,902	65,745	64,791	64,781	64,706	64,100	64,569	64,343	56,336	54,628	55,696	55,670	55,633	56,300	55,619	55,874	55,555	55,700	56,566	56,999	56,997	57,800	57,022	56,993	36,320	36,300	36,306	36,289	36,285	36,000	36,429	36,464	36,437	37,000	45,248	35,179	35,979	41,400	35,457	40,937	40,503	32,567	32,572	32,995	25,465	17,350	17,350	17,304	17,109	17,517	17,517	17,468	16,779	16,779	16,712	17,244	16,811	16,900	16,900	16,944	16,964	16,841	19,683	17,262	17,850	16,629	16,814	16,724	14,722	15,000	13,120	15,000	15,366	15,484	15,484	15,185	15,238	13,529	13,529	13,750	13,316	13,284	13,284	13,000	10,909	11,181	11,181	11,000	11,613	11,333	11,333	11,714	10,000	11,333	11,333	10,909	10,625	10,000	10,000	13,333	13,333	11,693	11,693	11,693	11,604	10,247	10,247	10,247	10,247
Common Stock Total Equity	0	0	0	0	0	0	0	0	0	0	65,988	65,920	65,800	65,800	65,800	65,769	65,598	65,598	65,598	65,620	65,171	65,171	65,200	65,100	65,000	65,000	65,000	64,900	64,700	64,700	64,700	64,600	64,400	388,900	388,900	388,600	64,200	386,300	386,100	329,100	328,500	336,600	323,800	318,900	327,800	319,400	314,400	330,900	320,600	331,400	331,800	322,400	293,200	295,500	248,300	274,200	290,400	296,900	284,600	268,800	283,500	286,900	320,800	319,900	295,900	289,500	274,400	270,600	258,200	230,300	232,300	220,000	214,907	218,247	218,601	234,353	112,970	99,136	97,158	97,639	98,236	91,016	88,421	83,894	80,868	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Current Deferred Revenue	15,262	2,445	8,797	10,577	1,181	2,599	4,131	5,601	7,302	7,260	9,105	15,846	1,355	0	0	0	1,246	0	0	0	0	0	0	0	1,376	0	0	0	10,990	0	0	0	23,154	0	0	0	19,968	0	0	0	6,326	0	0	0	4,465	0	0	0	6,750	0	0	0	22,570	0	0	0	3,426	0	0	0	31,666	0	0	0	17,624	0	0	0	48,241	-103,321	-109,113	-110,685	51,300	0	0	0	37,071	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Deferred Long Term Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	38,102	31,961	21,574	19,996	17,997	17,314	18,560	17,588	0	13,171	0	0	0	22,156	0	0	0	13,711	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	35,381	33,921	34,792	34,821	30,937	33,037	0	0	0	0	0	0	0	0	0	0	0	0	0	0	17,904	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Intangible Assets	60,601	50,322	52,115	52,369	61,497	57,406	44,901	47,237	47,902	48,955	50,982	50,525	51,571	50,132	49,893	48,957	53,371	53,442	55,795	55,721	53,927	24,274	23,299	26,025	26,147	26,605	26,234	7,063	7,591	7,922	8,603	9,333	8,461	0	0	0	5,448	0	0	0	2,659	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Inventory	414,161	422,151	429,873	531,439	450,470	385,961	348,837	353,407	356,731	345,107	313,354	288,111	271,696	269,864	261,453	269,812	272,599	269,443	286,839	282,308	303,813	229,784	189,233	185,469	176,601	164,374	145,064	125,492	133,451	143,623	134,847	133,688	141,001	139,829	141,196	136,484	146,576	154,204	165,072	149,889	170,908	165,442	140,755	144,591	156,453	145,549	149,666	144,577	156,230	173,903	151,018	136,120	135,948	153,159	109,156	109,721	104,059	100,247	97,489	119,086	137,062	183,030	167,528	153,400	151,302	138,159	128,435	110,449	82,959	79,248	88,926	86,374	102,968	102,968	111,208	105,387	71,656	73,634	51,060	33,128	30,057	26,708	23,558	17,636	17,199	25,479	25,516	20,964	22,323	14,550	16,378	20,158	19,977	14,741	14,619	14,711	17,697	14,800	16,400	17,000	19,500	22,600	17,100	15,200	15,800	15,000	16,700	17,100	20,700	15,300	19,900	27,000	27,700	26,500	24,500	19,300	19,000	16,400	9,900	8,900	6,600	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	4,800	-	-	-
Liabilities And Stockholders Equity	2,662,578	2,655,001	2,633,369	2,740,475	2,725,037	2,543,983	2,415,716	2,456,944	2,351,232	2,231,753	2,214,698	2,178,266	2,129,126	2,044,735	1,973,609	1,951,989	2,065,720	1,949,653	2,029,777	2,013,395	1,975,735	1,541,296	1,522,389	1,507,180	1,724,710	1,385,882	1,328,382	1,201,990	1,158,708	1,233,411	1,180,269	1,238,464	1,182,817	1,272,417	1,267,848	1,233,652	1,326,807	1,547,916	1,608,828	1,546,673	1,548,559	1,587,548	1,525,420	1,518,236	1,565,323	1,567,441	1,551,729	1,618,397	1,577,668	1,671,424	1,780,609	1,704,582	1,617,336	1,614,662	1,426,636	1,501,547	1,552,855	1,589,763	1,550,324	1,477,335	1,642,996	1,759,964	1,963,017	1,944,797	1,874,320	1,838,241	1,764,253	1,723,845	1,719,164	1,694,218	1,752,839	1,692,415	1,693,621	1,693,621	1,859,367	1,984,440	1,700,902	1,482,917	1,274,497	1,219,817	1,176,619	965,337	799,871	647,433	629,917	583,109	419,214	363,782	382,643	366,917	347,685	364,706	403,659	374,519	399,509	417,853	455,845	433,200	372,200	350,700	333,300	290,700	233,600	212,900	210,300	245,400	243,800	254,200	279,800	207,500	279,600	322,400	328,800	340,500	311,000	305,200	262,600	288,800	200,100	211,100	212,200	-	108,300	-	115,500	-	-	-	140,200	146,700	-	140,700	60,000	-	-	59,000	60,000	-	-	-
Long Term Debt	1,568,740	1,589,776	1,403,857	1,378,531	1,302,747	1,297,174	1,199,963	1,213,758	1,181,971	1,162,377	1,157,873	1,197,790	1,145,294	1,124,202	1,114,069	1,136,454	1,087,932	984,087	983,644	1,007,774	1,041,389	696,519	699,261	684,335	685,392	669,012	667,562	638,731	637,153	624,642	616,492	615,966	643,910	670,092	682,879	673,562	683,975	815,145	882,443	885,994	927,577	915,572	884,793	843,506	886,133	862,370	879,349	917,010	926,202	950,898	1,029,528	1,011,847	1,044,363	1,089,859	1,053,294	1,111,097	1,182,819	1,177,232	1,149,814	1,125,106	1,128,769	1,137,372	1,257,512	1,240,259	1,199,344	1,176,879	1,156,564	1,148,006	1,161,508	1,131,667	1,160,792	1,111,729	1,102,450	1,113,127	1,152,400	1,216,901	1,064,117	882,374	851,142	800,878	733,576	531,594	395,315	389,953	368,944	299,355	205,580	182,863	193,169	191,533	183,101	189,783	208,315	211,399	233,402	239,207	0	0	0	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	1,173,991	1,119,035	1,005,764	1,006,873	1,031,378	1,079,982	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	41,665	43,933	49,223	45,466	45,635	45,262	46,584	49,574	49,651	43,341	45,844	46,616	46,429	47,865	48,413	48,188	53,122	55,382	57,659	56,049	62,574	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Net Debt	1,314,895	1,257,644	1,202,189	1,087,472	1,001,951	1,071,333	842,976	870,359	898,509	886,105	838,866	863,368	835,458	828,275	859,415	896,901	778,470	751,496	761,161	810,289	839,491	490,573	467,450	498,203	843,086	539,491	552,313	481,497	507,443	505,796	515,822	498,401	550,713	546,151	605,247	598,105	649,662	628,700	723,178	796,384	850,937	810,431	785,282	789,455	823,998	769,263	775,809	816,751	835,425	837,738	886,709	913,762	981,716	1,011,352	996,743	1,068,320	1,135,809	1,144,919	1,119,624	1,106,066	1,103,302	1,082,355	1,181,749	1,183,927	1,135,346	1,130,876	1,137,629	1,130,876	1,123,499	1,094,770	1,164,454	1,102,246	1,058,548	1,058,548	1,152,837	1,200,544	1,147,858	924,637	921,185	870,372	789,189	615,244	448,553	401,941	371,548	275,042	211,657	199,382	205,648	184,302	183,279	188,736	217,831	220,833	236,811	229,851	251,115	232,700	169,400	139,200	71,400	37,900	32,100	19,800	18,200	19,100	21,000	27,100	21,200	12,600	15,400	14,800	-4,000	-24,600	9,900	2,900	-8,400	5,000	4,800	600	8,600	-	1,800	-	4,400	-	-	-	2,500	28,600	-	9,900	-3,000	-	-	4,400	-11,500	-	-	-
Net Invested Capital	2,204,150	2,255,228	2,137,326	2,201,404	2,141,531	2,017,523	1,952,085	1,982,092	1,875,995	1,790,213	1,762,007	1,765,428	1,746,321	1,674,909	1,608,329	1,599,222	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	306,166	266,927	335,402	345,193	351,993	324,343	308,067	387,779	345,345	253,731	225,238	237,318	227,055	202,619	209,184	221,921	208,740	228,154	273,502	308,573	252,692	193,648	190,807	212,845	206,027	181,062	177,707	134,743	123,892	130,760	125,384	137,344	134,254	139,405	152,767	135,600	141,088	139,326	134,749	149,062	135,893	131,301	126,233	153,908	145,591	152,323	131,566	155,806	156,162	149,802	150,901	159,533	161,869	138,897	152,441	121,348	102,474	107,092	107,841	107,387	140,324	115,665	155,522	152,180	139,876	147,562	149,329	137,915	109,306	115,475	111,272	95,069	90,971	90,971	91,038	83,006	74,079	41,033	39,462	33,902	40,588	65,405	60,207	36,287	33,530	42,898	51,199	43,842	42,658	39,916	38,210	37,623	46,088	38,715	47,149	35,672	41,448	81,100	45,400	31,800	33,800	41,300	35,100	29,200	22,300	16,400	14,300	16,400	18,400	14,700	22,200	18,400	17,700	55,800	62,000	71,700	82,500	115,000	68,500	71,400	92,400	-	18,400	-	11,400	-	-	-	47,400	-	-	0	16,700	-	-	0	12,200	-	-	-
Net Tangible Assets	0	581,209	646,562	0	746,350	629,906	707,221	721,097	646,122	578,881	553,152	517,113	549,456	500,575	444,367	413,811	497,032	537,945	590,730	564,961	527,502	545,668	515,203	558,469	526,094	471,396	419,015	388,073	371,537	411,396	391,617	0	374,515	0	0	0	429,955	0	0	0	356,419	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Net Working Capital	806,468	796,634	628,881	813,165	800,114	773,595	895,210	888,201	781,181	695,785	672,237	704,896	663,056	633,764	586,682	603,410	588,385	578,951	614,789	631,495	615,311	503,295	473,092	476,151	421,873	370,289	331,799	354,186	308,681	310,146	281,236	292,914	284,390	316,956	305,569	271,656	262,332	409,409	378,810	310,294	306,274	300,891	279,929	259,106	275,839	283,099	303,022	317,551	320,341	365,019	345,307	297,885	308,130	240,877	189,341	133,392	143,305	102,743	112,561	145,885	214,904	243,822	266,954	250,242	246,415	216,361	169,326	153,108	134,353	106,959	73,253	68,551	158,133	158,133	102,894	107,035	-29,340	-152,272	-24,080	-26,102	-61,536	-67,615	-64,511	14,711	6,647	5,912	41,314	9,416	13,846	36,187	34,150	29,820	26,665	39,391	34,845	-2,724	-47,040	9,900	21,300	38,300	65,000	62,600	38,400	47,900	42,600	57,300	54,500	58,100	78,700	63,700	84,700	92,200	93,100	104,100	91,500	101,200	81,400	74,700	52,300	59,400	-	-	-	-	-	-	-	-	13,000	-	-	0	-	-	-	0	-	-	-	-
Non Current Assets Total	1,569,673	1,590,501	1,634,024	1,544,632	1,546,862	1,447,295	1,246,602	1,287,559	1,286,927	1,279,477	1,277,097	1,243,187	1,254,274	1,210,255	1,189,973	1,163,436	1,221,023	1,166,645	1,191,885	1,169,644	1,165,036	863,262	860,826	879,538	872,371	872,277	853,904	749,012	756,857	804,047	794,505	822,470	794,006	819,347	850,481	830,805	948,972	993,786	1,050,868	1,051,553	1,076,786	1,087,318	1,061,883	1,062,500	1,109,060	1,082,864	1,070,530	1,117,339	1,093,933	1,121,408	1,207,373	1,188,047	1,142,698	1,190,261	1,080,241	1,194,950	1,263,720	1,299,121	1,247,959	1,187,376	1,282,581	1,340,289	1,498,555	1,521,218	1,450,455	1,442,133	1,412,225	1,405,995	1,426,432	1,404,412	1,443,681	1,399,709	1,375,739	1,375,739	1,474,810	1,549,847	1,419,946	1,271,905	1,099,190	1,050,847	1,015,194	832,179	668,037	552,420	528,860	463,178	314,365	287,900	299,618	286,276	270,640	286,149	310,778	283,743	307,626	343,127	386,729	321,800	291,100	265,800	211,600	169,600	137,500	110,800	109,900	141,400	141,500	141,200	147,100	108,100	143,900	190,900	188,200	138,500	134,800	121,900	115,300	123,300	92,900	86,300	78,200	-	67,400	-	59,300	-	-	-	76,200	146,700	-	140,700	29,600	-	-	59,000	26,000	-	-	-
Non Current Liabilities Other	13,744	14,158	14,431	14,170	14,072	12,163	13,227	13,270	13,590	11,192	12,130	14,566	10,909	14,213	13,733	13,323	14,114	13,423	14,394	14,118	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Non Current Liabilities Total	1,740,731	1,721,683	1,529,436	1,534,924	1,508,192	1,500,541	1,389,690	1,407,426	1,374,084	1,347,426	1,345,200	1,380,445	1,316,303	1,293,312	1,282,395	1,304,078	1,259,005	1,154,209	1,160,149	1,180,457	1,198,918	796,615	795,416	771,195	743,578	744,565	740,454	708,062	686,410	694,875	675,521	677,559	695,420	743,342	766,075	760,875	772,424	928,079	1,004,065	999,707	1,034,743	1,033,758	1,003,765	968,384	1,016,020	995,161	1,006,579	1,049,869	1,046,777	1,097,236	1,156,219	1,122,636	1,166,797	1,205,109	1,147,554	1,209,052	1,283,847	1,284,106	1,246,119	1,229,268	1,266,083	1,229,084	1,334,878	1,346,053	1,292,860	1,271,790	1,245,408	1,254,709	1,272,011	1,263,081	1,274,074	1,271,411	1,318,792	1,318,792	1,360,373	1,345,623	1,170,157	968,454	917,417	884,787	786,633	617,819	464,231	436,865	404,252	323,384	209,891	185,497	196,234	194,872	186,365	192,912	212,036	214,824	236,074	242,179	236,669	193,500	172,100	158,300	123,600	75,900	32,000	17,300	17,000	16,300	16,200	15,200	31,300	28,900	54,600	56,000	54,300	33,800	34,500	51,900	57,300	60,500	53,400	62,500	62,900	-	35,300	-	44,800	-	-	-	42,700	100,400	-	86,300	2,400	-	-	14,600	9,800	-	-	-
Non Currrent Assets Other	-86,960	-47,161	-39,173	-73,113	52,422	-72,946	48,560	49,896	42,854	34,243	33,896	32,960	31,928	32,744	37,414	32,848	26,038	32,220	31,183	19,985	17,904	-36,511	-35,500	-36,100	1,376	-20,400	-15,700	-10,700	10,990	-2,100	1,300	5,900	23,154	21,374	21,953	22,091	22,767	20,402	20,600	20,112	20,998	19,078	16,432	14,883	16,084	15,311	15,902	15,701	13,950	-11,447	-10,548	-6,387	16,529	11,807	11,977	14,111	14,388	14,607	15,986	16,429	10,496	30,450	65,877	65,607	61,882	61,749	75,644	80,198	103,819	88,443	104,732	99,342	45,794	45,794	39,794	42,114	78,142	87,974	84,159	67,289	65,811	63,617	61,335	57,881	53,991	189,572	38,094	42,965	42,274	39,564	27,855	32,282	45,171	30,696	32,451	33,141	34,901	46,900	48,200	48,200	50,600	33,500	41,800	22,400	22,100	20,300	20,300	20,900	22,000	19,800	28,600	82,400	84,200	35,500	35,000	35,400	46,300	47,600	39,000	38,300	37,400	-	56,800	-	49,400	-	-	-	58,800	-	-	0	17,300	-	-	0	15,500	-	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Other Assets	0	48,227	49,083	0	52,422	49,914	49,819	51,239	44,031	35,404	35,150	34,231	92,963	33,981	38,630	34,080	27,284	35,128	32,648	21,336	19,278	4,641	1,411	1,891	27,523	27,775	30,540	14,425	18,581	24,441	27,491	30,577	31,615	35,574	50,237	51,594	65,822	69,793	43,962	37,042	38,155	0	35,632	34,252	39,198	35,590	36,369	32,607	0	13,372	14,426	16,099	0	29,451	16,825	19,220	19,303	0	0	20,800	0	66,257	85,080	95,318	87,618	87,128	100,802	116,456	143,386	143,300	154,247	172,159	139,300	136,078	134,496	111,909	151,903	100,278	96,297	79,509	78,512	72,192	72,995	68,912	64,527	55,772	47,904	52,012	51,451	39,564	36,633	41,352	45,171	30,696	32,451	33,141	0	0	0	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	23,461	31,697	20,732	18,651	21,680	24,130	17,349	17,494	16,619	14,708	14,475	14,567	15,003	16,417	9,665	10,294	12,273	20,512	20,229	19,636	13,703	12,417	12,041	15,762	8,973	8,827	7,064	4,778	3,612	5,601	5,048	5,411	4,697	7,197	5,522	4,614	6,745	10,052	10,100	17,513	10,918	16,726	16,692	10,623	10,457	24,703	21,349	18,712	19,327	47,343	51,563	46,877	45,126	16,335	9,075	10,160	9,115	8,218	9,909	8,777	23,933	14,260	-1	7,922	-1	2,194	1,494	1,683	2,763	-1	1	13,919	16,936	16,936	54,383	98,354	-1	1,118	954	1,037	937	-1	22,478	16,789	18,223	1	3,676	2,842	3,534	2,497	2,713	2,624	3,000	2,935	2,530	2,641	2,857	5,100	5,100	16,200	15,100	17,500	39,900	55,600	57,900	67,500	65,600	75,500	83,600	58,200	81,400	73,400	66,000	82,600	66,300	53,200	1,000	900	900	3,900	4,100	-	3,600	-	24,000	-	-	-	2,500	-	-	0	4,800	-	-	0	1,000	-	-	-
Other Current Liab	198,369	-14,613	-21,392	-22,646	-13,049	222,235	192,594	198,093	-18,144	164,451	167,261	140,320	145,810	138,547	143,687	122,491	154,511	160,339	184,458	172,677	904	128,210	139,296	108,663	-391	105,959	97,352	69,940	6,522	91,944	78,235	97,530	10,380	106,807	1,094	1,076	-18,791	1,262	1,325	1,280	-4,996	1,035	1,015	1,048	72,962	1,013	979	135,365	60,828	150,132	164,010	154,559	33,049	148,189	128,799	142,302	68,279	146,209	133,686	108,915	36,398	1,345	689	692	32,644	871	881	1,434	3,021	103,321	109,113	110,685	1,307	1,307	41,191	87,774	90,222	200,112	24,105	16,469	53,753	67,292	71,590	8,043	26,137	51,116	0	0	27,367	193	183	181	1,146	3,475	4,292	28,461	56,195	-100	0	0	15,700	0	100	0	0	0	0	0	45,400	0	0	0	0	24,700	4,400	4,900	5,100	5,500	5,700	7,700	9,000	-	10,500	-	19,100	-	-	-	37,400	-18,300	-	-3,200	3,500	-	-	-2,000	12,900	-	-	-
Other Liab	0	120,314	113,909	0	152,209	153,149	136,623	136,791	129,965	122,591	121,800	121,994	119,747	119,457	119,646	120,651	129,450	137,814	141,666	136,934	132,860	63,857	58,484	59,426	26,225	53,979	52,896	51,334	31,943	51,673	41,441	46,228	38,339	54,566	56,544	61,819	59,557	88,205	95,393	97,532	92,716	110,988	110,006	117,716	119,294	127,035	122,933	126,700	118,197	116,226	109,444	104,598	109,439	112,857	104,242	107,070	101,434	105,696	95,420	99,597	89,172	50,313	41,898	74,355	66,295	66,268	54,251	77,460	80,170	108,041	90,215	141,966	188,686	200,830	204,649	124,234	102,558	84,834	65,823	82,973	54,621	60,606	69,643	47,072	34,615	24,553	2,999	2,825	3,065	3,339	3,264	3,129	3,721	3,425	2,672	2,972	0	0	0	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	359,497	358,055	356,769	355,467	354,495	351,438	350,224	348,756	347,902	348,098	347,093	346,186	345,696	345,583	344,688	344,753	344,994	343,994	342,815	341,644	342,438	341,420	340,450	338,735	338,695	337,330	336,556	335,683	333,673	331,641	330,669	329,943	329,246	4,149	3,638	3,194	4,769	4,221	-15,356	-12,539	-11,756	-14,067	-4,642	-4,746	-4,691	-5,077	-5,983	-5,810	-6,295	-7,209	-8,120	-8,298	-5,186	-6,717	-6,601	-7,551	-8,714	-8,020	-8,237	-7,824	416	650	701	367	196	192	182	136	204	156	112	60	16	16	17	18	18	17	17	17	281	110,746	-1	106,575	100,764	0	1	-1	0	0	0	0	0	0	0	0	0	99,300	98,100	47,500	54,800	52,100	43,900	45,400	45,700	48,000	50,100	58,100	71,700	55,400	58,000	60,300	66,000	63,500	64,400	23,500	14,700	25,900	25,700	24,700	25,200	-	14,600	-	11,600	-	-	-	21,000	24,400	-	26,300	26,000	-	-	26,700	24,900	-	-	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	2,947,917	1,414,098	1,448,811	1,363,793	1,356,371	1,261,676	0	0	0	0	1,145,121	1,111,815	1,122,991	1,078,277	1,053,037	1,032,211	1,087,246	1,022,693	1,045,783	1,036,538	1,029,257	834,347	836,100	851,600	844,800	844,500	823,400	734,600	738,300	779,600	767,000	791,900	762,400	783,800	800,200	779,200	883,200	924,000	1,006,900	1,014,500	1,038,600	1,051,400	1,026,100	1,029,200	1,066,500	1,048,800	1,034,000	1,085,000	1,062,700	1,091,800	1,195,200	1,175,800	1,132,700	1,160,900	1,067,800	1,183,300	1,243,400	1,280,300	1,229,100	1,165,100	1,232,400	1,275,700	1,413,800	1,424,900	1,361,500	1,354,400	1,311,900	1,289,700	1,282,800	1,260,500	1,289,200	1,228,100	1,212,687	1,240,112	1,340,481	1,438,033	1,267,953	1,171,498	1,002,846	971,253	936,837	756,864	595,156	483,533	464,222	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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 Net	1,421,662	1,414,098	1,448,811	1,363,793	1,356,371	1,261,676	1,105,298	1,139,509	1,145,343	1,151,777	1,145,121	1,111,815	1,122,991	1,078,277	1,053,037	1,032,211	1,087,246	1,022,693	1,045,783	1,036,538	1,029,257	834,347	836,116	851,622	844,848	844,502	823,364	734,587	738,276	779,606	767,014	791,893	762,391	783,773	800,244	779,211	883,150	923,993	1,006,906	1,014,511	1,038,631	1,049,044	1,026,252	1,028,275	1,069,746	1,047,317	1,034,185	1,084,718	1,064,058	1,107,903	1,192,993	1,172,020	1,126,170	1,160,751	1,063,561	1,175,874	1,244,424	1,281,051	1,228,851	1,166,567	1,227,419	1,274,023	1,413,459	1,426,020	1,362,837	1,354,668	1,311,311	1,289,704	1,283,034	1,261,214	1,289,338	1,227,890	1,240,112	1,240,112	1,340,481	1,438,033	1,267,953	1,171,498	1,002,846	971,253	936,837	756,864	595,156	483,533	464,222	263,552	266,158	235,942	248,167	246,712	234,007	244,797	265,607	253,047	275,175	309,986	351,828	274,900	242,900	217,600	161,000	136,100	95,700	88,400	87,800	121,100	121,200	120,300	125,100	88,300	115,300	108,500	104,000	103,000	99,800	86,500	69,000	75,700	53,900	48,000	40,800	-	10,600	-	9,900	-	-	-	17,400	-	-	0	12,300	-	-	0	10,500	-	-	-
Property Plant Equipment	0	1,414,098	1,448,811	0	1,356,371	1,261,676	1,105,298	1,139,509	1,145,343	1,151,777	1,145,121	1,111,815	1,122,991	1,078,277	1,053,037	1,032,211	1,087,246	1,022,693	1,045,783	1,036,538	1,029,257	834,347	836,116	851,622	844,848	844,502	823,364	734,587	738,276	779,606	767,014	791,893	762,391	783,773	800,244	779,211	883,150	923,993	1,006,906	1,014,511	1,038,631	1,052,231	1,026,252	1,029,073	1,066,587	1,048,614	1,034,838	1,084,237	1,065,050	1,097,071	1,196,782	1,177,324	1,123,575	1,158,447	1,072,811	1,184,738	1,244,817	1,279,876	1,227,978	1,166,040	1,227,244	1,273,842	1,413,189	1,427,827	1,362,837	1,349,448	1,309,858	1,291,538	1,282,938	1,262,109	1,288,532	1,230,322	1,213,405	1,244,240	1,342,144	1,439,254	1,267,205	1,169,991	1,002,353	970,227	938,701	725,480	596,089	483,710	463,427	408,157	264,495	236,186	248,167	246,712	234,007	244,797	265,607	253,047	275,175	309,986	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Retained Earnings	336,113	428,319	459,264	562,559	598,119	583,057	521,274	454,864	370,927	300,698	235,872	218,750	217,106	234,365	231,101	243,794	256,371	338,116	345,934	345,400	301,990	265,131	232,105	223,501	205,998	172,407	158,741	168,322	166,068	155,019	150,533	162,214	160,880	146,602	130,260	113,848	100,214	97,009	32,427	31,856	10,815	17,871	20,119	32,495	34,121	39,754	51,492	52,236	49,232	54,037	47,021	25,551	-14,571	-63,023	-112,565	-140,666	-139,313	-146,411	-120,478	-98,701	-48,787	33,779	64,830	63,595	54,643	43,080	26,373	20,735	20,114	-7,902	-16,573	-38,019	-21,869	-21,869	-15,275	64,154	93,706	45,495	56,625	37,198	61,849	50,804	49,083	45,618	55,444	50,962	71,674	46,781	86,171	93,371	93,202	93,273	88,698	78,365	69,271	60,295	59,224	87,600	94,600	98,300	98,200	104,200	100,000	96,000	89,800	134,400	129,700	126,000	122,800	87,500	116,000	166,800	161,000	142,200	124,400	108,800	96,800	89,800	57,600	54,200	50,700	-	32,100	-	26,600	-	-	-	20,500	16,900	-	14,300	13,200	-	-	10,300	10,400	-	-	-
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	736,932	711,769	295,924	3,109	697,909	671,701	6,522	0	0	0	10,380	0	0	0	26,933	0	0	0	1,052,775	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,628,887	1,601,369	1,415,527	1,388,032	1,355,983	1,358,587	1,262,837	1,281,064	1,244,119	1,224,835	1,223,400	1,258,451	1,196,556	1,173,855	1,162,749	1,183,427	1,129,555	1,016,395	1,018,483	1,043,523	1,079,982	732,758	736,932	711,769	986,385	696,708	694,902	665,076	644,012	647,197	628,473	628,270	650,342	683,439	696,114	697,948	702,834	868,623	964,201	968,493	998,665	991,477	960,179	931,173	961,855	931,266	941,512	982,427	971,608	1,011,257	1,106,463	1,087,767	1,113,411	1,127,362	1,072,467	1,133,688	1,209,296	1,220,003	1,206,750	1,160,773	1,162,399	1,189,075	1,312,947	1,294,004	1,259,250	1,229,996	1,203,006	1,190,933	1,215,050	1,182,721	1,257,900	1,199,590	1,165,555	1,165,555	1,280,765	1,348,390	1,215,003	977,655	972,650	929,603	854,554	635,691	473,762	425,891	403,331	321,375	234,342	204,297	216,106	202,695	197,340	201,153	236,327	222,718	244,779	246,524	252,837	233,800	173,100	159,100	124,700	77,600	36,100	21,900	22,600	24,200	26,700	31,100	31,200	23,800	27,600	27,500	25,200	12,500	33,300	42,000	36,400	38,200	32,700	41,200	39,500	-	20,700	-	25,200	-	-	-	16,600	28,600	-	9,900	5,900	-	-	4,400	4,500	-	-	-
Short Term Debt	11,707	12,691	13,208	12,824	12,623	11,195	9,770	10,429	11,659	36,676	21,319	21,408	21,901	0	0	0	-154,989	0	0	0	0	0	736,932	711,769	295,924	3,109	697,909	671,701	-16,475	0	0	0	-25,145	0	0	10,741	12,101	32,308	62,182	62,573	60,355	59,106	57,694	70,537	62,978	52,757	45,687	48,141	36,519	34,866	63,919	64,091	56,970	35,335	28,256	30,904	26,851	41,690	56,118	35,158	27,751	51,542	55,195	55,314	54,750	48,564	45,158	44,558	51,553	51,857	96,382	90,060	44,629	44,629	117,952	132,520	149,871	83,137	115,405	125,026	122,172	81,099	79,066	36,081	33,754	22,504	27,468	21,623	22,937	11,162	10,975	11,370	28,012	11,319	11,377	7,317	19,674	42,200	2,800	2,800	3,200	3,600	5,900	6,500	7,600	9,900	12,800	18,400	2,600	0	0	0	0	0	20,400	11,300	1,000	1,000	1,000	1,800	1,900	-	3,100	-	3,200	-	-	-	2,900	18,300	-	3,200	3,500	-	-	2,000	2,000	-	-	-
Short Term Investments	0	0	0	0	0	75,000	75,000	0	0	43,341	45,844	46,616	46,429	47,865	48,413	0	0	0	0	0	0	0	0	0	317,439	2,125	2,054	4,386	4,327	7,979	7,834	9,682	9,230	9,488	9,479	9,130	10,286	0	0	0	0	0	0	0	0	0	12,914	16,287	15,833	5,450	0	0	0	0	0	0	0	0	4,950	4,682	18,095	0	0	0	0	0	0	0	0	0	0	0	8,336	0	0	0	61,320	0	0	0	7	595	382	351	322	1,564	1,773	3,319	4,052	5,285	5,683	5,735	5,320	32,500	19,617	5,029	5,392	9,300	10,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Total Assets	2,662,578	2,655,001	2,633,369	2,740,475	2,725,037	2,543,983	2,415,716	2,456,944	2,351,232	2,231,753	2,214,698	2,178,266	2,129,126	2,044,735	1,973,609	1,951,989	2,065,720	1,949,653	2,029,777	2,013,395	1,975,735	1,541,296	1,522,389	1,507,180	1,724,710	1,385,882	1,328,382	1,201,990	1,158,708	1,233,411	1,180,269	1,238,464	1,182,817	1,272,417	1,267,848	1,233,652	1,326,807	1,547,916	1,608,828	1,546,673	1,548,559	1,587,548	1,525,420	1,518,236	1,565,323	1,567,441	1,551,729	1,618,397	1,577,668	1,671,424	1,780,609	1,704,582	1,617,336	1,614,662	1,426,636	1,501,547	1,552,855	1,589,763	1,550,324	1,477,335	1,642,996	1,759,964	1,963,017	1,944,797	1,874,320	1,838,241	1,764,253	1,723,845	1,719,164	1,694,218	1,752,839	1,692,415	1,693,621	1,693,621	1,859,367	1,984,440	1,700,902	1,482,917	1,274,497	1,219,817	1,176,619	965,337	799,871	647,433	629,917	583,109	419,214	363,782	382,643	366,917	347,685	364,706	403,659	374,519	399,509	417,853	455,845	433,200	372,200	350,700	333,300	290,700	233,600	212,900	210,300	245,400	243,800	254,200	279,800	207,500	279,600	322,400	328,800	340,500	311,000	305,200	262,600	288,800	200,100	211,100	212,200	-	108,300	-	115,500	-	-	-	140,200	146,700	-	140,700	60,000	-	-	59,000	60,000	-	-	-
Total Current Assets	1,092,905	1,064,500	999,345	1,195,843	1,178,175	1,096,688	1,169,114	1,169,385	1,064,305	952,276	937,601	935,079	874,852	834,480	783,636	788,553	844,697	783,008	837,892	843,751	810,699	678,034	661,563	627,642	852,339	513,605	474,478	452,978	401,851	429,364	385,764	415,994	388,811	453,070	417,367	402,847	377,835	554,130	557,960	495,120	471,773	500,229	463,537	455,736	456,262	484,578	481,199	501,058	483,735	550,016	573,236	516,535	474,638	424,401	346,396	306,597	289,135	290,641	302,365	289,958	360,416	419,675	464,462	423,579	423,865	396,108	352,028	317,850	292,732	289,806	309,158	292,706	317,882	317,882	384,557	434,593	280,956	211,012	175,307	168,970	161,425	133,158	131,834	95,013	101,057	119,931	104,849	75,882	83,025	80,641	77,045	78,557	92,881	90,776	91,883	74,726	69,116	111,400	81,100	84,900	121,700	121,100	96,100	102,100	100,400	104,000	102,300	113,000	132,700	99,400	135,700	131,500	140,600	202,000	176,200	183,300	147,300	165,500	107,200	124,800	134,000	-	40,900	-	56,200	-	-	-	64,000	-	-	0	30,400	-	-	0	34,000	-	-	-
Total Current Liabilities	286,437	267,866	370,464	382,678	378,061	323,093	273,904	281,184	283,124	256,491	265,364	230,183	211,796	200,716	196,954	185,143	256,312	204,057	223,103	212,256	195,388	174,739	188,471	151,491	430,466	143,316	142,679	98,792	93,170	119,218	104,528	123,080	104,421	136,114	111,798	131,191	115,503	144,721	179,150	184,826	165,499	199,339	183,607	196,629	180,423	201,479	178,177	183,507	163,394	184,998	227,929	218,650	166,508	183,524	157,055	173,205	145,831	187,899	189,804	144,073	145,512	175,853	197,508	173,337	177,450	179,747	182,702	164,742	158,379	182,847	235,905	224,155	159,749	159,749	281,663	327,558	310,296	363,284	199,387	195,072	222,961	200,773	196,345	80,302	94,410	114,019	63,535	66,466	69,179	44,454	42,895	48,737	66,216	51,385	57,038	77,450	116,156	101,500	59,800	46,600	56,700	58,500	57,700	54,200	57,800	46,700	47,800	54,900	54,000	35,700	51,000	39,300	47,500	97,900	84,700	82,100	65,900	90,800	54,900	65,400	69,500	-	24,200	-	28,900	-	-	-	51,000	-	-	0	12,800	-	-	0	14,900	-	-	-
Total Liab	2,027,168	1,989,549	1,899,900	1,917,602	1,886,253	1,823,634	1,663,594	1,688,610	1,657,208	1,603,917	1,610,564	1,610,628	1,528,099	1,494,028	1,479,349	1,489,221	1,515,317	1,358,266	1,383,252	1,392,713	1,394,306	971,354	983,887	922,686	1,174,044	887,881	883,133	806,854	779,580	814,093	780,049	800,639	799,841	879,456	877,873	892,066	887,927	1,072,800	1,183,215	1,184,533	1,200,242	1,233,097	1,187,373	1,165,014	1,196,442	1,196,640	1,184,756	1,233,375	1,210,172	1,282,234	1,384,148	1,341,286	1,333,305	1,388,633	1,304,610	1,382,258	1,429,678	1,472,005	1,435,924	1,373,341	1,411,595	1,404,937	1,532,386	1,519,390	1,470,310	1,451,537	1,428,110	1,419,451	1,430,390	1,445,928	1,509,979	1,495,566	1,478,541	1,478,541	1,642,036	1,673,181	1,480,453	1,331,738	1,116,804	1,079,859	1,009,594	818,592	660,576	517,167	498,662	437,403	273,426	251,963	265,413	239,326	229,260	241,649	278,252	266,209	293,112	319,629	352,825	295,000	231,900	204,900	180,300	134,400	89,700	71,500	74,800	63,000	64,000	70,100	85,300	64,600	105,600	95,300	101,800	131,700	119,200	134,000	123,200	151,300	108,300	127,900	132,400	-	59,500	-	73,700	-	-	-	93,700	100,400	-	86,300	15,200	-	-	14,600	24,700	-	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Total Stockholder Equity	635,410	665,452	733,469	822,873	838,784	720,349	752,122	768,334	694,024	627,836	604,134	567,638	601,027	550,707	494,260	462,768	550,403	591,387	646,525	620,682	581,429	569,942	538,502	584,494	550,666	498,001	445,249	395,136	379,128	419,318	400,220	437,825	382,976	392,961	389,975	341,586	438,880	475,116	432,044	370,765	359,078	364,840	358,300	373,932	391,204	390,972	387,577	408,904	391,570	412,726	420,337	388,651	313,962	261,424	159,908	165,796	176,546	175,096	166,618	153,376	231,402	355,027	430,631	425,407	404,010	386,704	336,143	304,394	288,774	248,290	242,860	196,849	215,080	215,080	217,331	311,259	220,449	151,179	157,693	139,958	167,025	146,745	139,295	130,266	131,255	123,417	145,788	111,819	117,230	127,591	118,425	123,057	125,407	108,310	106,397	98,224	103,020	138,200	140,300	145,800	153,000	156,300	143,900	141,400	135,500	182,400	179,800	184,100	194,500	142,900	174,000	227,100	227,000	205,700	188,800	132,300	111,500	115,700	84,400	80,000	77,100	-	46,700	-	38,200	-	-	-	41,500	41,300	-	40,600	39,200	-	-	37,000	35,300	-	-	-
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31
Begin Period Cash Flow	354,032	345,610	361,098	351,085	240,491	460,738	140,896	108,859	53,172	147,728	137,439	138,958	128,342	68,215	60,823	118,117	101,935	110,265	58,664	70,430	38,044	12,332	18,496	1,722	53,250	4,400	10,000	29,200	42,500	30,900	26,500	12,800	9,000	8,300
Capital Expenditures	136,324	179,237	160,825	79,165	132,657	87,612	59,692	44,370	50,345	39,388	45,707	48,541	49,004	50,938	41,303	35,782	7,103	43,470	26,022	296,177	408,913	209,234	6,845	0	0	69,800	13,100	18,200	8,400	9,800	18,900	0	1,100	0
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-40,040	8,422	-15,488	10,013	110,594	-220,247	319,842	32,037	46,457	-94,556	10,289	-1,102	7,841	63,481	12,664	-59,019	21,969	-18,138	40,214	-3,285	27,321	19,451	-8,038	16,774	-51,528	48,800	-5,600	-19,500	-13,300	14,000	4,600	8,000	5,100	600
Change In Working Capital	-64,190	-24,995	-154,886	-76,962	106,483	-34,601	-52,138	7,712	-12,987	-25,479	-13,931	-6,874	-2,384	-95,964	84,895	-32,597	-68,405	-13,323	31,226	-46,008	-7,140	1,364	8,629	-11,661	300	3,400	-11,600	-300	-45,800	-30,300	-34,000	-7,500	3,000	-7,500
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
Change To Account Receivables	52,507	-20,476	-121,579	-6,269	41,369	-10,370	-64,949	9,466	-11,256	-25,113	4,780	-7,396	-1,604	-40,038	32,105	-14,811	-7,381	-14,800	0	0	0	15,633	6,955	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-15,836	-63,184	-96,442	-11,430	24,683	-58,082	-19,994	6,844	-13,235	6,445	-14,563	1,775	-22,958	-32,534	46,074	-18,558	-56,518	9,719	-4,912	-39,268	-9,471	1,803	2,337	-3,391	-996	-2,400	2,000	5,300	-7,300	-12,800	2,700	0	0	0
Change To Liabilities	0	66,796	75,589	-53,744	45,256	37,959	37,170	-10,274	9,665	-5,382	-11,569	0	18,490	0	0	1,726	4,823	0	59,570	23,448	1,363	0	0	267	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-5,537	33,913	6,841	21,045	45,951	38,287	26,143	28,372	-21,099	-2,014	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-8,131	-12,454	-5,519	-4,825	-4,108	-4,365	1,676	1,839	-1,429	-1,792	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	172,502	144,153	132,199	128,921	126,394	96,729	85,294	71,984	68,333	78,012	78,645	76,774	72,588	74,785	77,612	77,626	82,738	74,376	63,559	39,932	30,304	26,902	20,557	22,139	7,018	11,200	13,300	11,000	13,900	8,900	600	1,100	2,000	1,300
Dividends Paid	19,950	19,847	17,167	21,892	35,279	40,724	29,866	29,733	7,418	7,418	7,418	0	0	0	0	0	0	0	0	0	0	0	0	0	834	600	500	0	0	0	0	0	300	0
End Period Cash Flow	313,992	354,032	345,610	361,098	351,085	240,491	460,738	140,896	99,629	53,172	147,728	137,857	136,183	131,696	73,487	59,097	123,904	92,127	98,878	67,145	65,365	31,783	10,458	18,496	1,722	53,200	4,400	9,700	29,200	44,900	31,100	20,800	14,100	8,900
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-205,329	181,423	21,389	-37,600	111,626	149,056	82,234	96,412	108,875	105,200	-9,382	12,258	94,934	70,460	12,165	-52,301	20,860	21,495	-12,603	-283,165	-369,387	41,733	19,814	39,952	-8,636	-51,300	2,900	-26,200	-20,600	25,000	-37,300	-3,200	7,800	-3,000
Investments	-153,730	-425,677	-187,127	17,540	-139,358	-467,479	-121,551	-44,303	0	0	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
Net Borrowings	0	105,327	17,047	52,651	43,221	69,121	337,336	-23,079	-33,821	-214,765	9,823	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	-242,056	247,039	170,988	-17,235	-9,639	128,589	70,483	34,943	75,502	120,966	-25,768	-13,874	64,902	114,748	-89,101	-100,878	32,388	83,425	-138,642	27,065	-4,517	-6,640	-2,527	29,474	-38,109	9,000	-32,600	16,100	64,100	45,500	14,000	8,000	7,300	4,300
Other Cashflows From Financing Activities	256,359	111,815	832,220	48,371	-1,090	373,024	553,562	-9,565	-13,013	663,873	79,882	8,587	18,403	311,278	15,187	8,496	-45,335	557	71,306	273,970	384,993	184,401	-26,926	-61,547	208,268	84,300	-3,200	5,800	-1,300	-10,400	28,900	12,800	5,800	700
Other Cashflows From Investing Activities	0	9,645	24,956	1,798	-321	445	-232	67	528	910	739	0	0	0	0	27,838	48,336	0	72,498	0	431	0	0	26,073	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	95,209	-19,277	12,728	21,162	25,882	25,415	13,341	4,675	8,448	-8,481	-17,677	2,234	7,622	37,625	-11,988	36,213	-31,192	713	89,478	-1	20,879	20,107	0	0	22,155	100	46,900	-31,700	-35,300	10,700	1,000	-4,800	-3,400	-1,100
Sale Purchase Of Stock	0	0	0	-162	-754	0	0	0	0	53,859	53,859	0	-9,690	0	0	0	400	700	0	0	0	0	0	0	-217	0	0	0	0	-1,100	-200	-800	-4,800	-3,500
Stock Based Compensation	5,922	6,737	2,394	928	3,036	3,940	2,890	4,659	2,409	1,586	3,574	2,697	4,290	3,184	652	368	541	-155,269	-18,615	49,563	0	0	0	0	0	-5,500	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	228,624	81,965	-9,504	26,317	6,098	14,861	288,751	-62,377	-56,664	-175,752	15,233	-30,239	-77,848	-8,150	-19,126	-43,478	-44,890	1,291	150,180	279,715	386,140	184,688	-26,926	-61,547	207,217	87,000	-3,700	5,800	5,800	-11,500	31,200	12,000	700	-2,800
Total Cash From Operating Activities	-69,005	360,660	182,214	41,565	244,283	236,668	141,926	140,782	159,220	144,588	36,325	60,800	143,938	121,398	53,469	-16,519	27,963	64,965	13,419	13,012	39,526	41,733	26,659	39,952	-8,636	18,500	16,000	-8,000	-12,200	34,800	-18,400	-3,200	8,900	-3,000
Total Cashflows From Investing Activities	0	-425,677	-187,127	-59,827	-139,358	-467,479	-121,551	-44,303	-49,817	-38,478	-44,968	0	0	0	0	2,789	36,465	0	0	0	0	0	0	38,275	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1991-12-31	1991-03-31	1990-03-31
Begin Period Cash Flow	343,725	213,338	300,560	354,032	287,254	419,861	410,705	345,610	338,730	384,534	395,083	361,098	345,580	303,334	286,526	351,085	264,899	257,322	233,234	240,491	242,185	269,482	213,566	460,738	159,342	144,643	187,965	140,896	141,401	112,651	129,869	99,629	137,288	90,867	99,843	53,172	239,923	241,023	172,109	147,728	181,046	181,404	143,974	133,489	162,002	168,060	165,676	140,165	173,518	219,754	174,005	139,810	116,010	75,724	65,368	68,857	75,084	87,126	54,708	56,321	106,720	131,198	110,077	133,933	100,600	66,164	60,705	93,223	87,951	93,446	97,344	101,217	127,928	127,928	147,846	64,230	53,018	51,465	59,231	63,977	20,447	25,209	23,950	32,972	22,622	22,685	4,915	10,224	18,393	14,061	12,417	18,496	1,885	7,968	16,673	1,722	1,100	3,700	19,900	53,300	35,600	1,900	2,100	4,400	0	1,800	4,000	10,000	6,800	12,106	12,706	29,200	13,700	0	39,100	44,800	600	0	30,400	30,900	7,800	9,000	8,300
Capital Expenditures	26,022	37,391	39,482	33,445	50,208	48,623	47,053	33,353	33,464	38,766	62,692	25,903	19,407	14,669	21,633	23,456	50,530	37,264	25,158	19,705	15,546	26,907	28,808	16,351	16,644	14,736	19,908	8,404	14,249	8,770	13,895	7,456	19,266	10,418	12,724	7,937	13,663	10,553	6,866	8,306	6,078	9,434	14,288	14,593	13,289	11,751	11,879	11,292	13,526	12,568	11,517	11,393	11,585	14,505	16,994	7,854	12,697	6,802	11,580	10,224	11,658	11,742	7,643	4,739	3,243	10,402	6,216	8,046	13,071	10,657	12,629	7,113	3,288	3,288	4,903	5,359	31,211	156,986	45,667	62,313	145,389	161,941	93,204	8,379	209,234	5,277	28,309	-11,981	1,787	642	3,009	1,407	12,560	-22,128	-34,811	0	0	68,200	38,100	74,900	28,800	29,500	7,600	3,900	4,600	2,500	4,100	1,900	6,400	1,000	7,400	5,400	5,000	2,500	5,700	5,200	2,300	0	0	0	0	0	0
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-29,733	130,387	-87,222	-53,472	66,778	-132,607	9,156	65,095	6,880	-45,804	-10,549	33,985	15,518	42,246	16,808	-64,559	86,186	7,577	24,088	-7,257	-1,694	-27,297	55,916	-247,172	301,396	14,699	-43,322	47,069	-505	28,750	-17,218	30,240	-37,659	46,421	-8,976	46,671	-186,751	-1,100	68,914	24,381	-33,318	-358	30,923	8,228	-24,146	-6,058	26	25,511	-37,335	-46,236	45,749	34,195	15,685	40,286	10,356	-3,489	-1,597	-12,042	32,418	-1,613	-47,623	-24,478	21,121	-23,856	23,304	34,436	5,459	-32,518	4,176	-5,495	-3,898	-3,873	-20,921	-20,921	-19,918	83,616	14,127	1,553	-7,766	-4,746	44,918	-4,762	1,259	-9,022	9,161	-63	17,770	-5,309	-7,935	4,332	1,644	-6,079	16,611	-6,083	-8,705	14,951	622	-2,600	-16,200	-33,400	13,600	35,600	1,900	-2,300	-700	-700	1,800	-6,000	-9,200	6,800	-600	-16,494	-5,500	13,700	-15,800	-5,700	-4,500	600	-7,100	-500	-1,600	-1,200	2,700
Change In Working Capital	-14,386	-37,604	60,265	-72,465	-24,199	1,032	54,322	-56,150	-86,325	-62,548	23,555	-29,568	-6,998	-1,707	34,436	-96,959	92,193	30,449	26,951	-43,110	-18,317	-57,289	41,330	-325	-37,687	-15,861	-7,612	9,022	-16,316	562	-7,954	31,420	-28,836	25,396	-24,004	14,457	-24,764	-14,739	-3,597	17,621	-35,075	-9,184	21,620	7,501	-35,664	-1,072	4,770	24,674	-2,860	-48,764	-3,335	52,575	-22,822	-19,300	-32,726	-21,116	-14,322	13,907	65,880	19,430	-4,414	-10,449	1,855	-19,589	-7,150	-7,139	-8,204	-45,912	-9,149	4,029	-13,131	4,928	413	413	-5,631	8,008	-32,620	-1,761	-18,278	6,651	18,864	-4,783	-18,824	-2,397	4,087	12,874	-16,361	764	2,129	2,397	-2,289	6,392	17,795	-21,354	-17,653	9,551	-2,600	10,300	-2,800	-4,600	-5,700	17,300	-1,900	-6,300	-6,100	-3,000	2,200	-4,700	-10,300	200	16,400	-6,600	-57,900	21,000	-11,400	2,500	11,500	-34,200	-12,000	4,400	0	0	0
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-36,595	65,592	12,168	11,342	-16,179	-17,679	65,509	-52,127	-94,079	-31,441	16,364	-12,423	-17,507	17,226	14,938	-20,926	24,137	41,381	32,204	-56,353	-18,563	-2,848	13,475	-5,132	-64,949	1,584	-37,426	-6,288	9,466	-3,533	8,548	3,953	-11,256	10,623	-13,061	-9,621	-25,113	-14,439	14,517	-17,332	13,993	-696	21,749	1,144	8,394	-2,333	1,695	2,685	-1,604	-9,452	5,523	7,177	-40,038	19,591	4,727	-17,144	32,105	4,455	4,728	20,409	-14,811	18,352	-6,845	-3,833	-11,890	2,500	-11,300	-31,200	7,300	5,000	-16,200	-12,200	0	0	0	0	0	0	0	4,934	0	0	0	0	15,633	5,555	0	0	6,955	6,248	4,702	6,545	0	0	1,437	4,124	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	3,175	8,543	58,880	-86,434	-39,314	-8,803	-13,342	-1,725	-14,167	-39,512	-21,964	-20,799	9,013	-8,031	11,442	-18,120	2,069	9,242	-7,769	21,141	2,045	-41,084	-12,221	-6,822	-10,082	-14,043	-5,294	9,425	3,551	-7,695	-3,648	14,636	-5,533	-2,054	-727	-4,921	1,259	-147	-13,390	18,723	-4,638	-20,576	2,793	7,358	-10,136	7,491	-11,301	15,658	14,884	-31,926	-12,005	6,090	17,874	-37,025	-6,323	-7,060	2,257	5,200	30,499	8,118	20,080	-26,537	-13,215	1,114	-12,056	-4,304	-13,515	-26,643	-5,419	1,494	2,779	10,865	8,733	8,733	-9,281	-10,966	5,273	-22,614	-18,218	-3,709	-1,837	-2,881	-4,959	206	2,469	-42	-1,531	907	-2,386	2,982	3,275	-1,534	-4,249	-1,322	-4	2,184	-3,896	2,100	-300	1,100	2,800	-3,900	-1,400	100	-1,100	-900	2,100	1,900	1,400	-2,400	0	0	-32,000	27,900	-7,400	4,200	-8,200	-2,100	-500	-2,000	0	0	0
Change To Liabilities	0	-100,449	-7,490	0	29,227	34,323	3,813	-567	28,806	12,180	30,167	4,436	256	-4,219	7,879	-57,660	57,923	-16,691	4,197	-173	-6,171	-10,803	36,906	18,027	37,170	41,929	43,835	6,881	-10,274	11,877	-13,313	13,210	9,665	36,593	18,071	27,773	-5,382	14,199	14,180	22,242	-11,569	24,482	11,744	13,581	0	16,900	4,376	3,532	18,490	33,452	35,661	36,008	0	20,600	16,386	10,760	0	14,096	11,132	0	1,726	2,809	9,135	0	4,823	7,977	20,454	8,253	0	0	0	0	59,570	40,714	49,988	31,916	23,448	32,695	14,817	7,394	1,363	12,858	5,347	0	0	0	0	0	0	0	0	2,152	267	1,456	2,531	3,136	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-2,727	12,587	12,587	5,959	-13,262	-2,181	3,947	7,471	-741	4,227	22,956	4,899	-9,234	7,879	-2,437	5,096	-6,847	19,363	3,433	9,999	3,572	4,646	27,734	38,287	5,832	5,176	15,416	26,143	5,917	5,510	0	28,372	0	0	0	-21,099	0	0	0	-2,014	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	-11,290	-3,293	-3,293	2,067	-6,809	-1,658	-1,731	-6,885	-3,775	-1,012	-782	1,240	-6,683	177	-253	8,064	-3,483	-1,681	-7,725	4,372	-5,252	3,170	-6,398	-4,365	-1,496	-1,846	-996	1,676	-190	459	0	1,839	0	0	0	-1,429	0	0	0	-1,792	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	43,806	40,953	40,152	47,591	48,865	32,144	31,028	32,116	34,962	34,315	31,955	30,967	33,890	31,884	30,201	32,946	31,947	32,052	32,148	30,247	27,086	23,310	23,014	23,319	22,775	22,673	20,625	19,221	18,772	18,031	17,962	17,219	17,377	17,086	16,483	17,387	18,977	19,397	19,851	19,787	18,869	19,828	19,268	18,945	20,288	19,329	17,493	19,143	15,598	16,357	20,671	19,962	17,476	23,194	15,560	18,554	18,280	21,352	20,114	17,867	18,648	15,228	21,348	22,402	22,506	22,541	19,272	18,419	19,835	17,354	19,946	17,241	17,021	17,021	16,107	14,462	18,526	6,044	7,451	7,911	9,180	7,480	7,192	6,452	6,948	6,576	7,484	5,894	5,051	5,108	5,052	5,346	2,386	6,262	6,801	6,690	-3,982	4,600	3,100	3,300	1,100	3,500	3,300	3,300	16,100	1,200	-1,900	-2,100	15,700	-400	-2,500	-1,800	22,600	-2,400	-3,000	-3,300	5,800	1,500	1,300	300	0	0	0
Dividends Paid	9,979	4,989	4,982	4,982	9,925	4,962	4,960	4,960	8,585	4,293	4,289	4,289	8,563	4,282	26,232	9,047	18,048	9,025	8,206	0	16,300	8,150	8,147	8,127	7,477	7,477	7,472	7,440	7,440	7,440	7,435	7,418	7,418	0	0	0	676,656	0	0	0	7,418	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	34	0	0	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	313,992	343,725	213,338	300,560	354,032	287,254	419,861	410,705	345,610	338,730	384,534	395,083	361,098	345,580	303,334	286,526	351,085	264,899	257,322	233,234	240,491	242,185	269,482	213,566	460,738	159,342	144,643	187,965	140,896	141,401	112,651	129,869	99,629	137,288	90,867	99,843	53,172	239,923	241,023	172,109	147,728	181,046	174,897	141,717	137,857	162,002	165,703	165,676	136,183	173,518	219,754	174,005	131,696	116,010	75,724	65,368	73,487	75,084	87,126	54,708	59,097	106,720	131,198	110,077	123,904	100,600	66,164	60,705	92,127	87,951	93,446	97,344	107,007	107,007	127,928	147,846	67,145	53,018	51,465	59,231	65,365	20,447	25,209	23,950	31,783	22,622	22,685	4,915	10,458	18,393	14,061	12,417	18,496	1,885	7,968	16,673	1,722	1,100	3,700	19,900	13,600	35,600	1,900	2,100	-700	-700	1,800	4,000	-9,200	6,800	12,106	12,706	-5,500	13,700	-15,800	39,100	-4,500	600	-7,100	30,400	-1,600	7,800	11,000
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	-34,741	-62,725	-24,784	-83,095	441	38,037	107,488	35,457	-2,834	1,378	18,460	4,385	-593	13,819	42,472	-93,298	5,985	19,597	63,563	22,481	48,231	-16,138	56,937	60,026	22,025	19,051	-3,823	44,981	15,354	27,666	-2,618	56,010	-2,015	61,272	-2,290	51,908	13,108	26,296	14,423	51,373	-30,682	-2,899	9,601	13,514	-32,768	95	7,387	36,914	-15,920	-21,439	38,033	94,259	31,164	41,058	3,787	-5,548	-19,047	3,141	37,231	-9,160	-37,387	-17,384	1,489	981	18,527	34,536	-798	-31,405	11,432	28,035	-19,820	1,848	-3,699	-3,699	-8,189	-8,396	-16,726	-154,708	-59,817	-51,914	-113,936	-161,878	-90,464	-3,109	18,037	7,590	8,864	1,965	-1,807	7,032	-504	15,093	30,514	-5,998	-1,876	17,312	-12,436	-60,500	-37,800	-79,100	-37,000	-6,400	-4,800	-3,100	13,700	-14,300	7,100	-3,600	-11,700	3,800	-900	-17,400	100	8,500	-16,200	-13,000	27,900	10,200	-12,100	6,500	-4,300	5,500	-2,700
Investments	-20,185	-29,306	-117,752	-32,624	27,019	-304,352	-75,000	-26,790	-32,850	-85,621	-42,359	-26,297	5,370	7,267	-20,837	-23,405	-57,050	-37,102	-25,240	-19,966	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	194,813	22,407	22,407	-2,930	97,425	-14,737	25,569	19,749	3,967	-42,042	35,373	18,292	8,750	-25,651	51,260	101,625	101,625	-24,732	-33,672	352,267	-3,443	17,665	-297,368	337,336	295,756	26,525	15,055	-23,079	7,662	7,662	0	-33,821	0	0	0	-214,765	0	0	0	9,823	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	-87,216	-25,956	-98,306	-30,578	20,024	66,746	71,372	88,897	74,522	69,118	21,415	5,933	-12,977	7,545	-8,411	-3,392	-72,721	1,207	10,259	51,616	45,009	41,176	16,755	25,649	41,718	21,143	-2,104	9,726	18,489	11,926	-4,241	8,769	21,696	23,760	16,412	13,634	3,205	91,819	2,765	23,177	-11,247	-2,345	-12,107	362	-7,096	-11,744	3,979	1,565	-5,555	11,463	20,822	41,020	45,258	62,873	16,046	-10,130	5,990	-20,665	-19,103	-52,206	-81,960	-24,809	1,362	4,529	11,061	15,581	4,296	1,450	30,511	8,148	24,670	20,096	-6,144	-6,144	-73,377	-25,484	42,736	-12,351	20,018	-23,338	6,168	855	361	-11,901	699	-20,387	17,741	-4,693	-7,200	169	-71	4,575	10,333	9,094	8,976	1,071	-28,309	-7,100	-2,800	100	-6,000	4,200	4,500	6,300	-44,600	4,700	4,100	3,200	7,100	-200	3,300	5,900	18,700	17,800	15,600	12,000	6,400	32,200	3,300	3,600	3,600	1,200	-1,000
Other Cashflows From Financing Activities	9,976	192,205	24,190	29,988	-2,129	97,189	277	29,544	824,351	10,755	-18,223	871,039	69,093	17,198	-1,697	-9,801	207,733	1,486	-6,315	4,949	342,684	-944	16,894	17,833	499,053	-389	23,607	243,955	12,287	15,744	-6,369	-486	-6,517	-10,391	1,714	1,313	1,333,904	1,436	761	4,344	-661	51,025	22,641	21,384	10,696	999	-2,805	3,692	20,078	-3,573	23,232	5,806	283,972	6,176	8,838	12,639	36,167	3,828	-6,607	13,267	-6,688	-22,154	13,034	-27,670	-962	-22,678	-2,581	-19,114	2,196	-59,968	14,019	44,398	-100,668	-100,668	-18,456	192,936	21,566	154,750	51,710	45,944	145,870	156,262	89,887	-5,963	43,979	138,750	9,899	-7,940	-1,935	-4,219	-543	-20,229	-13,798	-3,234	-24,815	-19,700	79,851	56,100	22,500	48,800	34,700	32,300	17,000	-300	-1,400	4,900	-5,000	-2,700	2,200	800	800	2,800	-8,800	5,900	200	4,600	-11,300	2,300	-7,200	-900	-1,700	-100	300
Other Cashflows From Investing Activities	0	8,085	3,830	3,830	945	1,638	499	6,563	614	4,403	20,333	-394	555	396	796	51	-140	162	-82	-261	167	211	67	67	-232	-381	77	-240	67	709	2,028	0	528	0	0	0	910	0	0	0	739	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	27,838	0	0	0	48,336	45,357	15,098	16,049	0	0	0	0	72,498	73,132	0	0	0	143	140	0	431	54	0	0	0	0	0	674	0	0	0	0	26,073	30,124	36,308	18,682	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	49,385	-14,001	45,305	14,520	11,526	-15,096	-10,322	-5,385	-3,639	-6,751	1,976	21,142	9,705	-5,874	12,657	-1,060	14,328	-6,320	17,735	139	-285	1,288	1,683	22,729	1,031	874	68	11,368	2,107	1,602	245	721	1,356	1,231	-1,963	7,824	25,282	-29,915	-1,483	-2,365	-4,584	-2,446	-5,853	-4,343	-250	2,853	-1,779	766	-1,889	9,950	8,496	7,386	1,581	740	23,575	-3,579	-15,104	-4,809	-15,232	20,038	43,183	24,349	-28,113	-3,669	-8,277	249	-27,162	-259	342	125,006	-67,909	-56,726	-20,249	-20,249	89,659	-3,922	-14,157	10,346	-23,341	19,175	-2,759	-3,489	14,011	13,116	6,303	13,804	-652	0	0	0	-187	187	0	0	0	0	22,455	-100	2,800	-3,000	2,400	-1,900	-3,100	-2,500	52,900	-14,700	6,800	1,900	-17,800	3,200	-10,700	-9,500	11,600	-25,400	-11,700	-19,000	6,500	10,700	-4,700	-1,800	-7,900	4,300	-1,700
Sale Purchase Of Stock	0	0	0	0	0	0	0	0	0	0	0	0	-592	0	592	-162	0	0	-754	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	84	-84	53,900	0	53,859	0	0	0	-3,980	0	0	0	466	-10,500	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100	300	500	100	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	600	0	-1,400	0	0	0	0	6,800	-1,700	0	0	100	-1,100	0
Stock Based Compensation	1,555	1,754	1,387	1,226	3,057	1,214	1,517	949	-196	1,005	975	610	113	895	-34	-46	1,000	1,179	1,202	-345	1,018	970	1,759	193	1,365	774	912	-161	2,032	972	764	891	624	427	728	630	663	592	600	-269	1,963	838	398	342	446	1,144	-67	1,158	427	187	756	2,920	1,449	842	214	679	101	562	33	-44	264	213	207	146	243	1,954	4,001	-1,400	-41,522	-111,972	-20	-1,755	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-1,943	185,158	17,310	28,099	-13,811	90,587	-19,420	24,609	9,535	-2,288	-48,163	31,412	7,879	4,166	-27,348	32,250	85,810	-10,982	-40,007	-28,723	326,384	-12,537	8,747	-307,733	278,912	-7,866	16,135	1,570	-18,232	642	-13,804	-30,983	-34,329	-13,459	-9,611	735	-189,155	-13,911	54,171	-26,857	-5,645	4,071	22,120	-5,823	4,868	-19,612	-4,647	-10,631	-5,199	-18,292	4,585	-58,942	-12,189	-4,602	8,425	216	20,433	-25,149	-8,464	-5,946	-6,688	-22,154	13,034	-27,670	-952	-22,656	-2,497	-18,785	2,746	-59,872	14,019	44,398	-100,279	-100,279	-24,288	279,295	26,587	154,765	52,040	46,323	145,954	156,262	89,887	-5,963	43,979	138,750	9,899	-7,940	-1,935	-4,219	-543	-20,229	-13,798	-3,234	-24,815	-19,700	79,817	56,100	22,500	48,800	35,000	33,300	17,800	900	-1,400	4,900	-5,100	-2,100	2,200	1,400	800	1,400	-4,900	5,900	200	4,600	-4,500	600	-7,100	-500	-1,600	-1,200	2,700
Total Cash From Operating Activities	-8,719	-25,334	14,698	-49,650	50,649	86,660	154,541	68,810	30,630	40,144	81,152	30,288	18,814	28,488	64,105	-69,842	56,515	56,861	88,721	42,186	63,777	10,769	85,745	76,377	38,669	33,787	16,085	53,385	29,603	36,436	11,277	63,466	17,251	71,690	10,434	59,845	26,771	36,849	21,289	59,679	-24,604	6,535	23,889	28,107	-19,479	11,846	19,266	48,206	-2,394	-8,871	49,550	105,652	42,749	55,563	20,781	2,305	-6,350	9,943	48,811	1,064	-25,729	-5,642	9,132	5,720	21,770	24,134	5,418	-23,359	24,503	38,692	-7,191	8,961	-411	-411	-3,286	-3,037	14,485	2,278	-14,150	10,399	31,453	63	2,740	5,270	18,037	12,867	8,864	1,965	-20	7,674	2,505	16,500	30,514	-5,998	-1,876	17,312	-12,436	7,700	300	-4,200	-8,200	23,100	2,800	800	18,300	-11,800	11,200	-1,700	-5,300	2,800	6,500	-12,000	-4,900	11,000	-10,500	-7,800	30,200	10,200	-12,100	6,500	-4,300	5,500	-2,700
Total Cashflows From Investing Activities	0	-29,306	-117,752	-117,752	27,019	-304,352	-121,554	-26,790	-32,850	-85,621	-42,359	-26,297	-13,482	7,267	-20,837	-23,405	-57,050	-37,102	-25,240	-19,966	-395,691	-26,696	-28,741	-16,351	-121,551	-15,117	-81,458	-8,404	-44,303	-7,853	-11,451	0	-49,817	0	0	0	-38,478	0	0	0	-44,968	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,669	2,789	14,161	0	0	36,465	36,049	7,961	8,349	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	674	0	0	0	0	38,275	39,016	36,318	18,682	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31	2005-12-31	2004-12-31	2003-12-31	2002-12-31	2001-12-31	2000-12-31	1999-12-31	1998-12-31	1997-12-31	1996-12-31	1995-12-31	1994-12-31	1993-12-31	1992-12-31	1991-12-31	1990-12-31	1989-12-31
Cost Of Revenue	2,025,705	1,782,736	1,377,739	1,292,544	1,466,181	1,128,389	952,412	773,351	821,284	965,387	999,141	987,685	958,432	855,870	867,815	872,752	883,093	684,154	573,317	314,405	225,906	224,200	165,307	156,204	110,296	127,500	128,300	134,400	177,800	107,800	34,600	32,000	29,800	7,000	5,500
Depreciation And Amortization	172,502	168,587	146,598	131,056	132,478	96,729	85,294	71,984	68,333	78,012	78,645	76,774	72,588	74,785	77,612	77,626	82,738	74,376	63,559	39,932	30,304	26,902	20,557	22,139	7,018	11,200	13,300	11,000	13,900	8,900	600	1,100	2,000	1,300	700
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	-
Ebit	-146,022	392,368	346,583	63,729	84,003	262,450	169,427	112,420	165,083	156,850	39,290	64,733	144,020	223,092	-18,338	18,555	49,384	-66,370	87,819	-35,743	-18,169	3,167	1,183	43,575	10,288	12,700	67,400	16,400	5,400	43,000	102,100	9,600	14,000	10,000	2,100
Ebitda	26,480	560,955	493,181	194,785	216,481	359,179	254,721	184,404	233,416	234,862	117,935	141,507	216,608	297,877	59,274	96,181	132,122	8,006	151,378	4,189	12,135	30,069	21,740	65,714	17,306	23,900	80,700	27,400	19,300	51,900	102,700	10,700	16,000	11,300	2,800
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Extraordinary Items	0	0	0	0	0	0	-30,918	0	0	0	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	-31,861	498,201	425,516	130,596	158,230	329,329	216,733	158,272	211,920	209,725	89,244	115,475	194,271	341,810	20,200	129,964	145,529	139,371	34,893	21,398	18,689	26,960	23,104	79,998	17,571	47,400	55,800	52,300	97,500	100,900	78,200	24,500	30,800	15,100	10,800
Income Before Tax	-269,823	345,303	260,567	-11,139	9,587	177,270	103,935	59,464	104,951	104,192	-16,572	-4,229	69,096	118,193	-111,746	-115,632	49,583	168,612	-172,397	-36,082	-7,628	-6,917	-2,453	29,582	-37,017	9,300	-32,500	12,500	56,500	43,100	9,800	5,900	10,100	5,800	7,400
Income Tax Expense	-27,767	98,264	89,579	6,096	19,226	48,681	33,452	24,521	29,449	-16,774	9,196	9,645	-901	-7,819	-8,409	3,448	15,062	75,813	-12,837	-59,823	3,987	-277	74	108	1,092	300	100	-3,100	-9,100	-2,400	-4,200	-2,100	2,800	1,500	2,300
Interest Expense	88,246	71,499	70,047	80,746	75,750	51,464	54,796	51,575	53,891	67,516	69,156	73,802	76,463	89,934	92,799	91,539	71,400	91,931	86,860	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	9,018	6,459	1,725	0	75,750	51,464	54,796	51,575	60,132	0	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	7,812	607	2,234	5,100	11,237	0	0	1,827	1,413	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	-242,056	247,039	170,988	-17,235	-9,639	128,589	70,483	34,943	75,502	113,154	-26,375	-16,115	64,902	114,748	-89,101	-100,878	32,388	83,425	-138,642	27,065	-4,517	-6,640	-2,527	29,474	-38,109	9,000	-32,600	16,100	64,100	46,100	16,800	8,000	7,300	4,800	5,600
Net Income Applicable To Common Shares	0	247,039	170,988	-17,235	-9,639	128,589	70,483	34,943	75,502	113,154	-26,375	0	64,962	114,484	0	0	32,695	91,379	0	27,049	0	0	0	29,474	0	0	0	0	0	0	0	0	0	0	-
Net Income From Continuing Ops	-242,056	247,039	170,988	-17,235	-9,639	128,589	70,483	34,943	75,502	120,966	-25,768	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Interest Income	-79,228	-71,499	-70,047	-80,746	-75,750	-51,464	-54,796	-51,575	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Operating Income	-188,774	392,368	346,583	63,729	84,003	267,867	167,054	113,743	165,684	161,798	31,660	64,809	144,020	223,092	-18,338	18,555	101,616	122,087	19,343	-24,345	-5,708	725	6,602	43,575	-11,867	12,700	18,900	16,400	36,100	53,400	56,800	9,600	14,000	10,000	6,700
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	-
Other Operating Expenses	2,148,884	1,888,569	1,456,672	1,359,411	1,540,408	1,189,851	1,002,091	817,880	867,520	1,013,314	1,050,310	1,038,350	1,008,683	974,588	906,353	984,161	927,006	701,438	588,867	360,147	250,303	253,165	181,809	192,627	139,734	162,200	165,200	170,300	239,200	155,300	56,000	46,900	46,600	12,100	9,600
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	-
Reconciled Depreciation	172,502	144,153	132,199	128,921	126,394	96,729	85,294	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
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	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	50,595	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	123,179	105,833	78,933	66,867	73,962	59,591	49,679	44,529	46,236	47,927	51,200	71	54,000	44,100	38,100	44,100	42,000	43,500	15,559	36,687	24,341	26,190	16,502	14,284	0	0	0	0	0	0	0	0	0	0	-
Tax Provision	-27,767	98,264	89,579	6,096	19,226	48,681	33,452	24,521	29,449	0	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	123,179	105,833	78,933	66,867	74,227	61,462	49,679	44,529	46,236	47,927	51,169	50,665	50,251	118,718	38,538	111,408	43,913	17,284	15,550	45,742	24,397	28,965	16,502	36,423	29,438	34,700	36,900	35,900	61,400	47,500	21,400	14,900	16,800	5,100	4,100
Total Other Income Expense Net	-35,555	-47,065	-86,016	-74,868	-74,416	-39,133	-8,323	-2,704	-6,842	9,910	14,509	4,764	1,538	-14,966	-609	-42,648	52,232	188,457	-68,476	11,399	12,461	-5,172	5,419	-13,993	-22,155	-3,400	-48,500	-3,900	30,700	10,400	-45,300	-3,700	-3,900	-4,200	4,600
Total Revenue	1,993,844	2,280,937	1,803,255	1,423,140	1,624,411	1,457,718	1,169,145	931,623	1,033,204	1,175,112	1,088,385	1,103,159	1,152,703	1,197,681	888,015	1,002,716	1,028,622	823,525	608,210	335,803	244,595	251,160	188,411	236,202	127,867	174,900	184,100	186,700	275,300	208,700	112,800	56,500	60,600	22,100	16,300

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-12-31	2003-09-30	2003-06-30	2003-03-31	2002-12-31	2002-09-30	2002-06-30	2002-03-31	2001-12-31	2001-09-30	2001-06-30	2001-03-31	2000-12-31	2000-09-30	2000-06-30	2000-03-31	1999-12-31	1999-09-30	1999-06-30	1999-03-31	1998-12-31	1998-09-30	1998-06-30	1998-03-31	1997-12-31	1997-09-30	1997-06-30	1997-03-31	1996-12-31	1996-09-30	1996-06-30	1996-03-31	1995-12-31	1995-09-30	1995-06-30	1995-03-31	1994-12-31	1994-09-30	1994-06-30	1994-03-31	1993-12-31	1993-09-30	1993-06-30	1993-03-31	1992-12-31	1992-09-30	1992-06-30	1992-03-31	1991-12-31	1991-09-30	1991-06-30	1991-03-31	1990-12-31	1990-09-30	1990-06-30	1990-03-31	1989-12-31	1989-09-30	1989-06-30	1989-03-31
Cost Of Revenue	466,415	40,884	606,303	508,836	500,037	399,832	434,675	448,192	370,320	336,515	329,761	341,143	365,038	304,027	314,512	308,967	377,713	346,828	368,471	373,169	303,649	253,206	294,040	277,494	257,027	251,882	251,431	192,072	170,248	198,047	191,082	213,974	182,950	214,396	221,686	202,252	217,003	242,145	250,233	256,006	258,523	243,818	262,313	230,290	249,053	264,577	224,262	252,457	245,996	218,282	64,873	250,517	231,419	221,174	222,232	188,496	197,261	199,979	209,093	192,900	348,500	203,868	225,085	220,108	269,829	213,311	193,291	179,955	134,649	171,644	196,544	174,867	168,274	168,274	144,003	117,904	148,248	50,360	54,504	58,329	69,560	53,454	48,542	50,194	70,320	48,266	51,693	47,860	40,192	39,874	43,264	36,631	33,086	39,533	41,383	42,202	22,596	26,300	29,200	32,100	32,400	25,500	33,300	36,300	18,900	36,100	37,300	36,500	47,200	27,100	41,900	38,500	13,300	54,100	58,600	51,900	35,700	39,100	17,900	15,700	-	-	100	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Depreciation And Amortization	43,806	403,267	40,152	47,591	48,865	39,396	39,827	40,362	34,962	34,315	31,955	30,967	33,890	31,884	30,201	32,946	31,947	32,052	32,148	30,247	27,086	23,310	23,014	23,319	22,775	22,673	20,625	19,221	18,772	18,031	17,962	17,219	17,377	17,086	16,483	17,387	18,977	19,397	19,851	19,787	18,869	19,828	19,268	18,945	20,288	19,329	17,493	19,143	15,598	16,357	20,671	19,962	17,476	23,194	15,560	18,424	18,280	19,600	18,995	17,867	18,648	15,228	21,348	22,402	22,506	22,541	19,272	18,419	19,835	17,354	19,946	17,241	17,021	17,021	16,107	14,462	18,526	6,044	7,451	7,911	9,180	7,480	7,192	6,452	6,948	6,576	7,484	5,894	5,051	5,108	5,052	5,346	2,386	6,262	6,801	6,690	-3,982	4,600	3,100	3,300	1,100	3,500	3,300	3,300	16,100	1,200	-1,900	-2,100	15,700	-400	-2,500	-1,800	22,600	-2,400	-3,000	-3,300	5,800	1,500	1,300	300	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Ebit	-58,887	-51,803	-105,694	-16,887	-1,465	108,723	114,031	122,351	100,282	118,490	49,230	58,018	9,358	25,634	12,579	22,036	-95,146	19,634	39,061	94,591	59,122	63,087	37,344	75,811	44,582	41,288	19,000	41,768	19,347	29,805	16,640	27,814	26,363	43,976	33,450	43,917	31,907	44,778	21,939	39,249	10,551	17,772	-1,086	12,138	11,121	9,263	23,163	21,668	-2,883	47,953	31,752	51,738	63,204	70,063	42,792	24,197	14,818	-722	-13,660	-16,468	14,970	46,305	-22,999	31,810	28,421	28,171	-11,566	5,760	-11,323	61,028	-62,337	-51,859	-45,138	1,478	98,313	2,771	-33,807	11,363	-36,258	24,449	-24,589	-15,382	7,737	12,355	-5,684	25,218	-15,133	5,890	-17,717	1,760	168	4,489	13,868	12,559	11,968	5,180	18,088	-7,000	1,400	-2,100	-5,100	5,200	5,600	7,000	4,700	5,500	4,600	4,200	12,800	-400	-7,100	6,900	-43,100	20,500	13,500	15,200	-1,200	47,300	3,000	4,300	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Ebitda	-15,081	351,464	-65,542	30,704	47,400	148,119	153,858	162,713	135,244	152,805	81,185	88,985	43,248	57,518	42,780	54,982	-63,199	51,686	71,209	124,838	86,208	86,397	60,358	99,130	67,357	63,961	39,625	60,989	38,119	47,836	34,602	45,033	43,740	61,062	49,933	61,304	50,884	64,175	41,790	59,036	29,420	37,600	18,181	31,083	31,409	28,592	40,655	40,811	12,716	64,310	52,423	71,700	80,680	93,258	58,352	42,621	33,098	18,878	5,336	1,398	33,618	61,533	-1,651	54,212	50,927	50,712	7,706	24,179	8,512	78,382	-42,391	-34,618	-28,117	18,499	114,420	17,233	-15,281	17,407	-28,807	32,360	-15,409	-7,902	14,929	18,807	1,264	31,794	-7,649	11,784	-12,666	6,868	5,220	9,835	16,254	18,821	18,769	11,870	14,106	-2,400	4,500	1,200	-4,000	8,700	8,900	10,300	20,800	6,700	2,700	2,100	28,500	-800	-9,600	5,100	-20,500	18,100	10,500	11,900	4,600	48,800	4,300	4,600	4,800	35,500	4,000	9,900	-43,300	18,100	17,600	17,300	7,800	1,700	20,900	1,400	-2,800	4,800	3,500	200	-5,500	4,100	4,100	4,000
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,079	429,937	-76,440	13,830	83,019	132,982	137,651	144,549	148,637	133,231	72,071	71,577	33,157	29,124	26,683	41,632	-46,541	36,708	57,282	110,781	108,576	77,852	52,492	90,409	80,659	53,616	31,746	50,712	51,446	39,894	27,063	39,869	54,878	56,497	45,250	55,295	65,622	59,465	34,959	49,679	24,159	30,274	11,087	23,618	25,028	22,111	34,081	35,085	10,135	59,843	269,857	65,942	73,768	98,292	70,482	53,488	24,936	28,796	13,821	-7,729	-89,773	47,659	43,603	62,603	-8,071	59,481	45,741	46,454	53,767	50,456	16,622	17,839	10,708	10,708	12,604	8,946	-3,749	10,689	8,668	6,792	7,145	-81	6,481	4,723	-1,697	8,160	11,361	8,121	-7,363	7,402	9,046	19,365	21,947	22,161	22,332	13,558	-1,429	3,900	7,600	7,600	2,000	14,200	15,000	16,200	26,800	12,200	8,400	7,900	39,200	5,300	2,300	11,400	21,900	27,700	25,500	22,200	12,500	59,900	16,200	11,700	60,800	35,500	5,100	9,900	3,600	18,100	17,600	17,300	22,900	17,200	20,900	2,500	9,300	4,800	3,500	1,500	4,100	4,100	4,100	4,000
Income Before Tax	-86,132	-21,972	-125,785	-35,934	28,632	98,040	105,498	113,133	118,228	101,608	32,100	8,631	-11,332	5,770	-7,529	1,952	-88,596	1,451	20,692	76,040	65,466	51,358	25,216	35,230	53,273	27,775	5,680	17,207	23,829	17,035	3,632	14,968	29,374	30,339	22,339	22,899	9,222	62,620	7,323	25,027	-5,602	-1,074	-11,294	1,473	-5,190	-9,291	6,847	3,436	-18,659	14,568	28,182	48,597	49,563	60,094	21,048	-14,782	6,859	-23,585	-18,654	-68,448	-96,733	-37,145	19,597	811	17,095	6,536	19,402	5,136	73,209	-2,257	50,865	45,131	-5,332	-5,332	-110,499	-30,048	-15,472	-20,938	32,484	-32,479	2,794	1,053	1,217	-11,888	411	-30,300	18,404	-1,194	-7,160	177	-45	4,575	10,435	9,109	8,990	1,048	-26,022	-6,400	-2,200	700	-5,800	0	0	0	0	0	0	0	3,700	2,200	3,700	6,000	19,800	8,400	16,000	12,300	5,300	32,100	2,600	3,100	-	-	3,800	-	-	-	-	-	5,700	1,000	-	1,300	-	-	-	-900	-	-	-	-
Income Tax Expense	1,084	-3,984	-27,479	-5,356	8,608	31,294	34,126	24,236	43,706	32,490	10,685	2,698	1,645	-1,775	882	5,344	-15,875	244	10,433	24,424	20,457	10,182	8,461	9,581	11,555	6,632	7,784	7,481	5,340	5,109	7,873	6,199	7,678	6,579	5,927	9,265	6,017	-29,199	4,558	1,850	5,989	1,271	813	1,110	3,344	2,452	2,867	976	-11,170	4,243	5,238	1,156	-144	-9,751	1,607	274	-1,289	-83	-2,649	-3,956	-847	-8,327	12,813	1,307	5,304	-9,805	13,405	5,076	24,609	-3,210	27,885	25,578	8,154	8,154	-29,539	3,933	-59,777	-293	267	-25	3,724	33	214	13	-288	17,774	11	7,041	40	8	26	3,544	102	15	14	-23	24,342	400	2,400	-800	200	1,000	1,100	700	49,300	700	500	1,000	-3,200	-1,400	-5,000	100	-400	-9,400	400	300	-1,100	-100	-700	-500	-6,100	-3,400	-300	-2,100	-2,200	-1,700	-2,400	-1,700	2,100	100	-	100	-	-	-	100	-	-	-	-
Interest Expense	27,245	21,863	20,091	19,047	18,768	17,935	17,332	17,464	17,016	16,882	17,130	19,019	20,690	19,864	20,108	20,084	20,647	18,183	18,369	18,551	15,492	11,729	12,128	12,115	14,084	13,513	13,320	13,879	12,857	12,791	12,736	13,191	13,256	13,275	13,476	13,884	15,445	17,456	17,165	17,450	17,372	17,566	17,094	16,837	19,771	18,084	17,551	18,853	15,473	19,173	21,546	22,458	20,238	24,285	20,590	22,048	21,115	23,554	22,896	21,956	65,756	16,424	16,013	16,620	71,400	18,599	4,600	20,068	91,931	22,092	23,112	22,925	21,911	26,189	25,179	24,983	20,289	5,342	2,848	3,673	6,827	2,339	2,665	2,685	3,713	2,725	4,480	3,502	3,579	3,391	3,960	3,544	3,433	3,450	2,978	4,132	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	20,084	20,647	18,183	18,369	18,551	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	4,330	3,482	2,194	2,136	-115	722	800	908	1,464	770	2,018	895	5,100	-2,284	2,284	6,449	4,435	6,943	4,822	0	2,138	0	0	0	0	-5,429	5,429	0	711	1,058	1,460	0	10,134	0	0	0	0	0	0	0	1,566	-12,506	12,506	0	2,374	2,450	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-87,216	-25,956	-98,306	-30,578	20,024	66,746	71,372	88,897	74,522	69,118	21,415	5,933	-12,977	7,545	-8,411	-3,392	-72,721	1,207	10,259	51,616	45,009	41,176	16,755	25,649	41,718	21,143	-2,104	9,726	18,489	11,926	-4,241	8,769	21,696	23,760	16,412	13,634	3,205	88,337	571	21,041	-9,833	-2,996	-12,894	-544	-7,096	-12,470	1,918	1,565	-5,555	11,463	20,822	41,020	45,258	62,873	15,111	-10,130	5,990	-20,665	-16,101	-52,206	-81,960	-24,185	1,372	4,529	11,062	15,268	4,276	1,451	30,511	8,530	23,555	20,096	-6,676	-6,676	-75,097	-25,484	42,736	-12,283	19,790	-23,338	6,168	1,020	1,003	-11,901	699	-20,315	18,393	-4,693	-7,200	169	-71	4,575	10,333	9,094	8,976	1,071	-28,309	-7,100	-2,800	100	-6,000	4,200	4,500	6,300	-44,600	4,800	4,100	3,200	7,100	2,300	3,300	5,900	18,700	17,800	15,600	12,000	7,000	32,200	3,300	3,600	6,100	3,400	4,100	2,100	2,200	1,700	2,400	1,700	3,600	900	-	1,200	-	-	-	-1,000	-	-	-	-
Net Income Applicable To Common Shares	0	-25,956	-98,306	-98,306	20,024	66,746	71,372	88,897	74,522	69,118	21,415	5,933	-12,977	7,545	-8,411	-3,392	-72,721	1,207	10,259	51,616	45,009	41,176	16,755	25,649	41,718	21,143	-50,734	9,726	18,489	11,926	-13,010	8,769	21,696	23,760	16,412	13,634	3,205	88,337	571	21,041	-26,375	0	0	0	0	-1,841	1,841	1,564	58,276	6,686	21,876	41,206	45,133	63,384	16,174	0	5,875	0	0	0	0	-1,356	1,356	4,534	11,169	15,533	4,531	1,462	39,824	7,457	24,452	19,646	0	0	0	0	42,699	-19,994	19,994	0	5,716	1,316	347	0	722	-17,665	17,665	0	-169	169	-4,575	4,575	10,333	9,094	8,976	1,071	0	0	0	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 From Continuing Ops	-87,216	-25,956	-98,306	-30,578	20,024	66,746	71,372	88,897	74,522	69,118	21,415	5,933	-12,977	7,545	-8,411	-3,392	-72,721	1,207	10,259	51,616	45,009	41,176	16,755	25,649	-15,328	126,819	-50,734	9,726	23,017	16,167	-4,241	0	75,502	0	0	0	120,966	0	0	0	-25,768	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Net Interest Income	-18,227	-21,863	-20,091	-19,047	-18,768	-17,935	-17,332	-17,464	-17,016	-16,882	-17,130	-19,019	-20,690	-19,864	-20,108	-20,084	-20,647	-18,183	-18,369	-18,551	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Operating Income	-56,395	-3,426	-108,832	-16,887	-1,465	108,723	114,031	122,351	129,963	113,755	51,836	51,029	15,616	13,736	10,315	24,062	-66,106	18,747	37,810	93,552	90,997	63,346	37,476	76,048	66,292	41,289	18,487	40,986	39,045	29,821	16,777	28,100	44,172	44,032	33,549	43,931	52,348	48,186	22,021	39,243	6,918	13,591	-1,094	12,227	11,198	9,263	23,163	21,668	-2,883	47,953	52,423	51,738	63,204	70,063	58,352	24,197	14,818	-722	-13,660	-16,468	13,669	13,877	9,791	29,428	34,704	30,628	14,811	19,334	50,098	43,617	13,905	13,938	-26,333	-26,333	11,118	-1,158	-14,865	-5,907	-699	-2,333	-2,154	-5,009	1,976	-514	4,956	-2,541	3,659	2,348	-10,649	2,664	-45	8,119	13,868	12,559	11,968	5,180	-3,967	-6,700	-400	-700	-5,100	5,200	5,600	7,000	4,700	5,500	4,600	4,200	12,800	900	-1,700	6,900	-11,600	15,400	15,300	17,700	-1,200	47,300	3,000	4,300	4,800	35,500	4,000	9,900	-43,300	18,100	17,600	17,300	7,800	1,700	20,900	1,400	-2,800	4,800	3,500	200	-5,500	4,100	4,100	4,000
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Other Operating Expenses	493,155	70,980	638,695	542,787	535,793	424,091	458,295	470,390	388,994	355,991	349,996	361,691	382,579	319,415	330,880	326,537	397,278	364,789	387,943	390,398	321,228	267,712	309,056	291,855	271,394	264,209	264,690	201,798	182,649	208,120	201,368	225,743	193,656	226,861	233,387	213,616	230,277	253,424	263,171	266,442	273,204	256,552	274,494	241,681	262,882	277,425	235,180	265,874	259,014	230,172	77,323	264,721	241,983	249,403	234,362	217,788	207,379	229,498	236,573	201,638	245,058	237,650	258,897	253,283	227,054	242,164	224,221	207,075	138,318	178,483	199,261	178,768	205,315	205,315	145,489	128,008	159,363	66,956	63,871	67,453	78,859	58,383	53,047	55,431	66,397	58,967	59,395	53,633	43,478	44,612	52,355	47,877	41,165	49,135	51,747	50,580	25,134	36,900	37,200	40,400	39,500	34,500	42,700	45,500	41,000	42,800	41,100	40,200	73,600	31,500	45,900	43,000	46,800	66,400	68,800	56,400	49,400	51,700	31,100	23,100	56,000	-	1,200	-	46,900	-	-	-	15,100	15,500	-	1,100	12,100	-	-	1,300	9,600	-	-	-
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Reconciled Depreciation	43,806	40,953	40,152	47,591	48,865	32,144	31,028	32,116	34,962	34,315	31,955	30,967	33,890	31,884	30,201	32,946	31,947	32,052	32,148	30,247	27,086	23,310	23,014	23,319	22,775	22,673	20,625	19,221	18,772	18,031	17,962	17,219	17,377	17,086	16,483	17,387	18,977	19,397	19,851	19,787	18,869	19,828	19,268	18,945	20,288	19,329	18,468	19,143	15,598	16,357	20,671	19,962	17,476	23,194	15,560	18,554	18,280	21,352	20,114	17,867	18,648	15,228	21,348	22,402	22,506	22,541	19,272	18,419	19,835	17,354	19,946	17,241	15,969	17,021	16,107	14,462	18,526	6,044	7,451	7,911	9,180	7,480	7,192	6,452	6,948	6,576	7,484	5,894	5,051	5,108	5,052	5,346	2,386	6,262	6,801	6,690	-3,982	4,600	3,100	3,300	1,100	3,500	3,300	3,300	16,100	1,200	-1,900	-2,100	15,700	-400	-2,500	-1,800	22,600	-2,400	-3,000	-3,300	5,800	1,500	1,300	300	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	11,385	0	12,843	10,869	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2,534	0	2,451	0	1,541	2,713	0	1,429	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	26,740	30,096	32,392	33,951	35,756	24,259	23,620	22,198	18,674	19,476	20,235	20,548	17,541	15,388	16,368	17,570	19,565	17,961	19,472	17,229	17,579	14,506	15,000	14,400	14,400	12,300	13,300	9,700	12,400	10,100	10,300	11,800	10,700	12,500	11,700	11,400	13,300	11,300	12,900	10,400	14,700	12,500	12,200	6	12,500	5	49	13,200	15,300	12,400	12,400	13,800	11,500	8,900	12,700	11,200	11,200	9,500	8,200	9,300	7,000	14,900	12,400	10,300	12,200	5,930	10,900	7,305	11,100	5,753	9,733	9,300	7,083	1,191	809	10,113	10,234	8,882	9,288	8,040	9,870	4,430	4,801	5,240	6,037	5,964	8,410	5,779	2,555	2,916	5,131	5,900	5,693	3,340	3,563	1,688	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	0	-	-	-	-
Tax Provision	1,084	3,984	-27,479	-5,356	8,608	31,294	34,126	24,236	43,706	32,490	10,685	2,698	1,645	-1,775	882	5,344	-15,875	244	10,433	24,424	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	26,740	30,096	32,392	33,951	35,756	24,259	23,620	22,198	18,674	19,476	20,235	20,548	17,541	15,388	16,368	17,570	19,565	17,961	19,472	17,229	17,579	14,506	15,016	14,361	14,367	12,327	13,259	9,726	12,401	10,073	10,286	11,769	10,706	12,465	11,701	11,364	13,274	11,279	12,938	10,436	14,681	12,734	12,181	11,391	13,830	12,848	10,918	13,417	13,018	11,889	12,450	14,204	10,564	28,229	12,130	29,292	10,118	29,518	27,480	8,739	-103,442	33,782	33,812	33,175	-42,775	28,853	30,930	27,120	3,669	6,839	2,717	3,901	37,041	37,041	1,486	10,104	11,115	16,596	9,367	9,124	9,299	4,929	4,505	5,237	-3,923	10,701	7,702	5,773	3,286	4,738	9,091	11,246	8,079	9,602	10,364	8,378	2,538	10,600	8,000	8,300	7,100	9,000	9,400	9,200	22,100	6,700	3,800	3,700	26,400	4,400	4,000	4,500	33,500	12,300	10,200	4,500	13,700	12,600	13,200	7,400	-56,000	-	1,100	-	-46,900	-	-	-	-14,700	15,500	-	1,100	-12,100	-	-	1,300	-9,600	-	-	-
Total Other Income Expense Net	-45,244	-18,546	3,138	-19,047	30,097	-10,683	-8,533	-9,218	5,281	4,735	-2,606	-23,379	-6,258	11,898	2,264	-2,026	-1,843	887	1,251	1,039	-10,039	-259	-132	-28,703	1,065	-1	513	-9,900	-2,359	5	-409	59	-1,542	-418	2,266	-7,148	-27,681	31,890	2,467	3,234	2,292	-1,047	6,894	6,083	3,383	-470	1,234	622	-303	-14,212	-2,694	19,316	6,598	14,316	-16,713	-16,931	13,156	691	17,901	-30,025	-43,949	-27,893	32,790	-2,382	6,283	2,457	26,377	13,574	61,421	-17,411	76,242	65,797	18,805	21,001	-87,195	-3,929	18,943	-17,270	35,559	-26,781	22,435	10,372	-5,761	-12,869	7,910	-27,759	18,792	-3,542	7,068	904	-213	3,630	-3,433	-3,450	-2,978	-4,132	-22,055	300	-1,800	1,400	-700	0	0	0	0	0	0	0	-9,100	1,300	5,400	-900	31,500	-5,100	1,800	2,500	6,500	-15,200	-400	-1,200	-	-	-200	-	-	-	-	-	-2,100	-700	-	-100	-	-	-	-1,100	-	-	-	-
Total Revenue	470,494	470,821	529,863	522,666	583,056	532,814	572,326	592,741	518,957	469,746	401,832	412,720	398,195	333,151	341,195	350,599	331,172	383,536	425,753	483,950	412,225	331,058	346,532	367,903	337,686	305,498	283,177	242,784	221,694	237,941	218,145	253,843	237,828	270,893	266,936	257,547	282,625	301,610	285,192	305,685	282,682	274,092	273,400	253,908	274,080	286,687	258,342	287,542	256,131	278,125	334,730	316,459	305,187	319,466	292,713	241,985	222,197	228,776	222,914	185,170	258,727	251,527	268,688	282,711	261,758	272,792	239,032	226,409	188,416	222,100	213,166	192,706	178,982	178,982	156,607	126,850	144,499	61,049	63,172	65,121	76,705	53,373	55,023	54,917	68,623	56,426	63,054	55,981	32,829	47,276	52,310	55,996	55,033	61,694	63,715	55,760	21,167	30,200	36,800	39,700	34,400	39,700	48,300	52,500	45,700	48,300	45,700	44,400	86,400	32,400	44,200	49,900	35,200	81,800	84,100	74,100	48,200	99,000	34,100	27,400	60,800	35,500	5,200	9,900	3,600	18,100	17,600	17,300	22,900	17,200	20,900	2,500	9,300	4,800	3,500	1,500	4,100	4,100	4,100	4,000

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

Gross Profit (+$)
totalRevenue	1,993,844
Cost of Revenue	-2,025,705
Gross Profit	-31,861	-31,861

Operating Income (+$)
Gross Profit	-31,861
Operating Expense	-123,179
Operating Income	-188,774	-155,040

Operating Expense (+$)
Research Development	0
Selling General Administrative	123,179
Selling And Marketing Expenses	0
Operating Expense	123,179	123,179

Net Interest Income (+$)
Interest Income	9,018
Interest Expense	-88,246
Other Finance Cost	-0
Net Interest Income	-79,228

Pretax Income (+$)
Operating Income	-188,774
Net Interest Income	-79,228
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	-269,823	-153,219 EBIT - interestExpense = -234,268 -269,823 -153,810
Interest Expense	88,246
Earnings Before Interest and Taxes (EBIT)	-146,022	-181,577
Earnings Before Interest and Taxes (EBITDA)	26,480

After tax Income (+$)
Income Before Tax	-269,823
Tax Provision	--27,767
Net Income From Continuing Ops	-242,056	-242,056
Net Income	-242,056
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	2,148,884
Total Other Income/Expenses Net	-35,555	79,228

Technical Analysis of Mercer International 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 Mercer International Inc. The general trend of Mercer International Inc is BULLISH with 100.0% 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 Mercer International 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 (100.0%)		Bearish trend (-100.0%)
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 Mercer International Inc.

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

Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 9.9536 < 10.29 < 10.62.

The bearish price targets are: 9.0604 > 9.049 > 8.3161.

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Mercer International 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 Mercer International Inc. The current mas is .

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

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

Mercer International 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 Mercer International Inc. The current macd is 0.10682938.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-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 Mercer International Inc price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Mercer International Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Mercer International Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +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

Mercer International 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 Mercer International Inc. The current adx is 16.58.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Mercer International Inc shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1

Mercer International 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 Mercer International Inc. The current sar is 9.17265021.

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

Mercer International 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 Mercer International Inc. The current rsi is 61.62. The current phase is Continuation in bull market.

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

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing 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.

Mercer International 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 Mercer International Inc. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 5/6.
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 > 80: The STOCH %K is above 80 and overbought. +2
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 Mercer International Inc price going up in the near term. +2
Trending down: The STOCH %K is trending down. -1

Mercer International 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 Mercer International Inc. The current cci is 113.03.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

Mercer International 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 Mercer International Inc. The current cmo is 33.39.

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

Mercer International 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 Mercer International Inc. The current willr is -7.68639508.

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

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

Mercer International 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 Mercer International Inc.

Mercer International 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 Mercer International Inc. The current atr is 0.35909277.

Mercer International 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 Mercer International Inc. The current obv is 7,335,822.

Mercer International 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 Mercer International Inc. The current mfi is 66.80.

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

MFI > 50: +1

Mercer International Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Mercer International 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
2023-12-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-05	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.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-06	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-19	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-03	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-16	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-17	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-18	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-01-19	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.
2024-01-24	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.
2024-01-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-30	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-31	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-07	RSI	LONG ENTRY	SHORT CLOSE	30 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-02-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-13	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
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-16	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-21	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-02-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-28	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-02-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-04	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-07	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-03-08	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-12	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	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-13	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-14	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-15	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-03-19	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-25	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-03-26	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-04	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-09	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-10	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.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-15	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-18	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-04-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-24	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-25	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside

6.3. Candlestick Patterns

Mercer International Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	61.619
Ma 20	Greater than	Ma 50	9.800
Ma 50	Greater than	Ma 100	9.480
Ma 100	Greater than	Ma 200	9.140
Open	Greater than	Close	10.030
Total			4/5 (80.0%)

Create your own Symbol Scanner

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Quick analysis of Mercer International Inc (30 sec.)

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

$10.25

$9.55

$-1.07 - $6.92

$8.48 - $16.47

2. Growth of Mercer International Inc (5 min.)

Is Mercer International Inc growing?

How much money is Mercer International Inc making?

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

3. Financial Health of Mercer International Inc (5 min.)

4. Comparing to competitors in the Paper & Paper Products industry (5 min.)

Industry Rankings (Paper & Paper Products)

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

What can you expect buying and holding a share of Mercer International Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Mercer International Inc

About Mercer International Inc

Financial Health

Valuation

1.1. Profitability of Mercer International Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Paper & Paper Products)

1.1.2. Return on Assets

Trends

Compared to industry (Paper & Paper Products)

1.1.3. Return on Equity

Trends

Compared to industry (Paper & Paper Products)

1.2. Operating Efficiency of Mercer International Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Paper & Paper Products)

1.2.2. Operating Ratio

Trends

Compared to industry (Paper & Paper Products)

1.3. Liquidity of Mercer International Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Paper & Paper Products)

1.3.2. Quick Ratio

Trends

Compared to industry (Paper & Paper Products)

1.4. Solvency of Mercer International Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Paper & Paper Products)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Paper & Paper Products)

2. Market Valuation of Mercer International Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Paper & Paper Products)

Mercer International Inc
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