Maximus Inc
Buy, Hold or Sell?

Let's analyse Maximus together

Penke I guess you are interested in Maximus 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 Maximus 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 Maximus (30 sec.)

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

How much money do you get?

$1.13

When do you have the money?

1 year

How often do you get paid?

100.0%

What is your share worth?

Current worth

$27.92

Expected worth in 1 year

$30.00

How sure are you?

87.5%

+ What do you gain per year?

Total Gains per Share

$3.21

Return On Investment

4.0%

For what price can you sell your share?

Current Price per Share

$79.78

Expected price per share

$76.91 - $86.56

How sure are you?

50%

1. Valuation of Maximus (5 min.)

Live pricePrice per Share (EOD)

$79.78

Book Value per Share

$27.92

Intrinsic Value Per Share

$-38.98 - $30.97

Total Value Per Share

$-11.06 - $58.88

My calculation of the intrinsic value of Maximus 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: ($0.94) 3Y: ($1.14) TTM: ($1.52)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($-0.01) 3Y: ($-0.12) TTM: ($0.61)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$2.47	$4.35	$1.83 - $4.36
2	$3.04	$8.39	$-0.10 - $4.16
3	$1.94	$12.13	$-2.02 - $3.96
4	$-0.67	$15.58	$-3.94 - $3.76
5	$-4.59	$18.76	$-5.87 - $3.57
6	$-9.68	$21.67	$-7.79 - $3.37
7	$-15.79	$24.34	$-9.72 - $3.17
8	$-22.79	$26.77	$-11.64 - $2.97
9	$-30.55	$28.97	$-13.57 - $2.77
10	$-38.98	$30.97	$-15.49 - $2.57

2. Growth of Maximus (5 min.)

Is Maximus growing?

	Current year	Previous year	Grow	Grow %
How rich?	$1.7b	$1.5b	$103.5m	6.3%

How much money is Maximus making?

	Current year	Previous year	Grow	Grow %
Making money	$46.4m	$47.6m	-$1.1m	-2.4%
Net Profit Margin	3.7%	4.0%	-	-

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

Quarterly Yearly

3. Financial Health of Maximus (5 min.)

4. Comparing to competitors in the Specialty Business Services industry (5 min.)

Industry Rankings (Specialty Business Services)

Richest
#20 / 210

Most Revenue
#28 / 210

Most Profit
#26 / 210

Most Efficient
#94 / 210

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

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

What can you expect buying and holding a share of Maximus?

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

Speculation

The Price per Share of Maximus is $79.78. 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 Maximus.
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 Maximus, 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 $27.92. Based on the TTM, the Book Value Change Per Share is $0.52 per quarter. Based on the YOY, the Book Value Change Per Share is $0.34 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 $0.28 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Maximus.

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	1.04	1.3%	0.76	0.9%	0.77	1.0%	0.89	1.1%	0.80	1.0%
Usd Book Value Change Per Share	0.85	1.1%	0.52	0.7%	0.34	0.4%	0.54	0.7%	0.50	0.6%
Usd Dividend Per Share	0.30	0.4%	0.28	0.4%	0.28	0.3%	0.27	0.3%	0.16	0.2%
Usd Total Gains Per Share	1.15	1.4%	0.80	1.0%	0.62	0.8%	0.81	1.0%	0.67	0.8%
Usd Price Per Share	83.86	-	80.44	-	67.17	-	74.79	-	66.68	-
Price to Earnings Ratio	20.11	-	29.92	-	23.76	-	22.92	-	22.20	-
Price-to-Total Gains Ratio	73.21	-	107.57	-	46,443.11	-	9,348.74	-	4,615.06	-
Price to Book Ratio	3.00	-	2.99	-	2.67	-	3.33	-	4.26	-
Price-to-Total Gains Ratio	73.21	-	107.57	-	46,443.11	-	9,348.74	-	4,615.06	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	79.78
Number of shares	12

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.28	0.27
Usd Book Value Change Per Share	0.52	0.54
Usd Total Gains Per Share	0.80	0.81
Gains per Quarter (12 shares)	9.62	9.71
Gains per Year (12 shares)	38.50	38.84

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	14	25	28	13	26	29
2	27	50	66	26	51	68
3	41	75	104	39	77	107
4	54	100	142	52	103	146
5	68	125	180	66	129	185
6	81	150	218	79	154	224
7	95	175	256	92	180	263
8	108	200	294	105	206	302
9	122	225	332	118	232	341
10	135	250	370	131	257	380

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	103.0	3.0	0.0	97.2%
Book Value Change Per Share	4.0	0.0	0.0	100.0%	11.0	1.0	0.0	91.7%	18.0	2.0	0.0	90.0%	34.0	6.0	0.0	85.0%	87.0	19.0	0.0	82.1%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	40.0	0.0	0.0	100.0%	77.0	0.0	29.0	72.6%
Total Gains per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	19.0	1.0	0.0	95.0%	35.0	5.0	0.0	87.5%	90.0	16.0	0.0	84.9%

Fundamentals of Maximus

About Maximus Inc

https://www.maximus.com
Specialty Business Services
39600
1600 Tysons Boulevard, McLean, VA, United States, 22102
Google Maps Bing Maps

Maximus, Inc. operates as a provider of government services in the United States and internationally. It operates through three segments: U.S. Federal Services, U.S. Services, and Outside the U.S. The U.S. Services segment offers program eligibility support and enrollment; centralized multilingual customer contact centers, multichannel, and digital self-service options for enrollment; application assistance and independent health plan choice counseling; beneficiary outreach, education, eligibility, enrollment, and redeterminations; and person-centered independent disability, long-term sick, and other health assessments. This segment also provides employment services, such as eligibility support, case management, job-readiness preparation, job search and employer outreach, job retention and career advancement, and educational and training services; technology solutions; system implementation project management services; and specialized consulting services. The U.S. Federal Services segment offers Business process services, eligibility and enrollment, outreach, and other services for federal health and human services programs; clinical services; and technology solutions, including application development and modernization services, enterprise business solutions, advanced analytics and emerging technologies, cybersecurity services, and infrastructure and engineering solutions. The Outside the U.S. segment offers BPS solutions for international governments, including health and disability assessments, program administration for employment services, wellbeing solutions, and other job seeker-related services. Maximus, Inc. was founded in 1975 and is headquartered in McLean, Virginia.

Fundamental data was last updated by Penke on 2024-04-04 19:16:05.

Financial Health

Profitability Details

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

Operating Efficiency Details

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

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is 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 able to pay all its debts with equity.

Valuation

Valuation Details

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

1.1. Profitability of Maximus Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Maximus earns for each $1 of revenue.

Above 10% is considered healthy but always compare Maximus to the Specialty Business Services industry mean.
A Net Profit Margin of 4.8% means that $0.05 for each $1 in revenue is generated as profit.

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

The MRQ is 4.8%. The company is making a profit. +1
The TTM is 3.7%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	4.8%	TTM	3.7%	+1.1%
TTM	3.7%	YOY	4.0%	-0.3%
TTM	3.7%	5Y	5.6%	-1.9%
5Y	5.6%	10Y	6.9%	-1.3%

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	4.8%	2.9%	+1.9%
TTM	3.7%	2.9%	+0.8%
YOY	4.0%	3.3%	+0.7%
5Y	5.6%	2.1%	+3.5%
10Y	6.9%	3.2%	+3.7%

Measures how much net profit Maximus earns for each $1 of revenue.

Revenue is the amount of profit Maximus 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 Maximus 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 Maximus to the Specialty Business Services industry mean.
Can be used to compare companies within the Specialty Business Services industry.

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

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Maximus. If profit margins remain low (compared to the Specialty Business Services 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 Maximus is 0.05. This means that Maximus earned $0.05 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 Specialty Business Services industry is 2.9%.
What is the trend?
The trend is important because it shows you how Maximus is performing over time. The most recent quarter might be important if Maximus 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 Maximus 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 Maximus with other companies in the same industry (Specialty Business Services).
Net profit margin should rise over the years.
Can be influenced when Maximus sells assets (profit will increase while costs remain the same).
It won’t show what part of Maximus 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 Maximus

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 Maximus = 64,148
Total revenue MRQ Maximus = 1,327,041
$64,148 / $1,327,041 = 0.05 or 4.8%

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 Maximus is using its assets to generate profit.

Above 5% is considered healthy but always compare Maximus to the Specialty Business Services industry mean.
1.6% Return on Assets means that Maximus generated $0.02 profit for each $1 in assets.

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

The MRQ is 1.6%. Using its assets, the company is less efficient in making profit.
The TTM is 1.2%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.6%	TTM	1.2%	+0.4%
TTM	1.2%	YOY	1.2%	+0.0%
TTM	1.2%	5Y	2.1%	-0.9%
5Y	2.1%	10Y	2.9%	-0.8%

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	1.6%	1.0%	+0.6%
TTM	1.2%	1.0%	+0.2%
YOY	1.2%	1.4%	-0.2%
5Y	2.1%	1.0%	+1.1%
10Y	2.9%	1.4%	+1.5%

Shows how efficient Maximus 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 Maximus to the Specialty Business Services 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 Maximus is using its resources to generate profit. If the return on assets (1.6%) from Maximus are higher than the Specialty Business Services mean (1.0%) that means Maximus 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 Maximus is 1.6%. This means the company generated $0.02 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Specialty Business Services industry is 1.0%.
What is the trend?
The trend is important because it shows you how Maximus is performing over time. The most recent quarter might be important if Maximus 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 Maximus 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 Maximus

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

Income statement
Balance sheet

Net income MRQ (income statement) from Maximus = 64,148
Total assets MRQ (balance sheet) from Maximus = 4,016,861
64,148 / 4,016,861 = 0.02 or 1.6%

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

Above 15%-20% is considered healthy but always compare Maximus to the Specialty Business Services industry mean.
3.7% Return on Equity means Maximus generated $0.04 for each $1 the owners (shareholders) invested.

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

The MRQ is 3.7%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.8%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.7%	TTM	2.8%	+0.9%
TTM	2.8%	YOY	3.1%	-0.3%
TTM	2.8%	5Y	4.0%	-1.2%
5Y	4.0%	10Y	5.1%	-1.1%

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	3.7%	2.5%	+1.2%
TTM	2.8%	2.8%	0.0%
YOY	3.1%	3.9%	-0.8%
5Y	4.0%	2.2%	+1.8%
10Y	5.1%	3.0%	+2.1%

Shows how efficient Maximus 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 Maximus to the Specialty Business Services 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 Specialty Business Services 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 Maximus is 3.7%. This means Maximus generated $0.04 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Specialty Business Services industry is 2.5%.
What is the trend?
The trend is important because it shows you how Maximus is performing over time. The most recent quarter might be important if Maximus 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 Maximus up to 10 years back (depending if Maximus 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 Maximus

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Maximus = 64,148
Shareholders equity (balance sheet) MRQ Maximus = 1,717,806
64,148 / 1,717,806 = 0.04 or 3.7%

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 Maximus Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Maximus is operating .

Measures how much profit Maximus 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 Maximus to the Specialty Business Services industry mean.
An Operating Margin of 8.1% means the company generated $0.08 for each $1 in revenue (before taxes).

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

The MRQ is 8.1%. The company is operating less efficient.
The TTM is 6.5%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	8.1%	TTM	6.5%	+1.6%
TTM	6.5%	YOY	6.7%	-0.3%
TTM	6.5%	5Y	8.2%	-1.7%
5Y	8.2%	10Y	10.4%	-2.2%

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	8.1%	6.5%	+1.6%
TTM	6.5%	5.0%	+1.5%
YOY	6.7%	5.0%	+1.7%
5Y	8.2%	4.3%	+3.9%
10Y	10.4%	5.3%	+5.1%

Measures how efficient Maximus 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 Maximus to the Specialty Business Services 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 Maximus 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 Maximus is 8.1%. This means that Maximus earned $0.08 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Specialty Business Services industry is 6.5%.
What is the trend?
The trend is important because it shows you how Maximus is performing over time. The most recent quarter might be important if Maximus 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 Maximus 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 Maximus

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Maximus = 107,510
Total revenue MRQ Maximus = 1,327,041
$107,510 / $1,327,041 = 0.08 or 8.1%

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 Maximus is keeping operating costs low.

Below 1 is considered healthy (always compare to Specialty Business Services industry mean).
An Operation Ratio of 0.92 means that the operating costs are $0.92 for each $1 in net sales.

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

The MRQ is 0.919. The company is less efficient in keeping operating costs low.
The TTM is 0.935. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	0.919	TTM	0.935	-0.016
TTM	0.935	YOY	0.935	0.000
TTM	0.935	5Y	0.918	+0.017
5Y	0.918	10Y	0.897	+0.021

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	0.919	1.079	-0.160
TTM	0.935	1.097	-0.162
YOY	0.935	1.022	-0.087
5Y	0.918	1.069	-0.151
10Y	0.897	1.045	-0.148

Measures how efficient Maximus 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 Maximus to the Specialty Business Services 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 Maximus is 91.9%. This means that Maximus earned $0.92 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 Specialty Business Services industry is 1.08.
What is the trend?
The trend is important because it shows you how Maximus is performing over time. The most recent quarter might be important if Maximus 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 Maximus 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 Maximus

You need the following data to determine operating ratio:

Income statement

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

(cost of revenue + total operating expenses) \ total revenue
(1,026,987 +192,544) \ 1,327,041 = 0.92

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 Maximus Inc.

1.3. Liquidity

1.3.1. Current Ratio

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

Above 1.5 is considered healthy (always compare to Specialty Business Services industry mean).
A Current Ratio of 1.69 means the company has $1.69 in assets for each $1 in short-term debts.

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

The MRQ is 1.685. The company is able to pay all its short-term debts. +1
The TTM is 1.500. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.685	TTM	1.500	+0.185
TTM	1.500	YOY	1.483	+0.017
TTM	1.500	5Y	1.694	-0.194
5Y	1.694	10Y	1.917	-0.223

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	1.685	1.417	+0.268
TTM	1.500	1.398	+0.102
YOY	1.483	1.373	+0.110
5Y	1.694	1.413	+0.281
10Y	1.917	1.443	+0.474

Measures if Maximus 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 Specialty Business Services 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 Maximus 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 Maximus is 1.69. This means Maximus has $1.69 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Specialty Business Services industry is 1.42.
What is the trend?
The trend is important because it shows you how Maximus is performing over time. The most recent quarter might be important if Maximus 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 Maximus 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 Maximus

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
1,109,619 \ 658,366) = 1.69

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

Above 1 is considered healthy but always compare Maximus to the Specialty Business Services industry mean.
A Quick Ratio of 1.38 means the company can pay off $1.38 for each $1 in debt (using most liquid assets).

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

The MRQ is 1.379. The company is able to pay all its short-term debts with the most liquid assets. +1
The TTM is 1.274. The company is able to pay all its short-term debts with the most liquid assets. +1

Trends

Current period		Compared to		+/-
MRQ	1.379	TTM	1.274	+0.105
TTM	1.274	YOY	1.301	-0.027
TTM	1.274	5Y	1.534	-0.259
5Y	1.534	10Y	1.740	-0.206

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	1.379	0.872	+0.507
TTM	1.274	0.877	+0.397
YOY	1.301	0.918	+0.383
5Y	1.534	0.999	+0.535
10Y	1.740	1.028	+0.712

1.4. Solvency of Maximus Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

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

Below 1 (100%) is considered healthy but always compare Maximus to Specialty Business Services industry mean.
A Debt to Asset Ratio of 0.57 means that Maximus assets are financed with 57.2% credit (debt) and the remaining percentage (100% - 57.2%) is financed by its owners/shareholders.

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

The MRQ is 0.572. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.582. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.572	TTM	0.582	-0.010
TTM	0.582	YOY	0.621	-0.039
TTM	0.582	5Y	0.501	+0.081
5Y	0.501	10Y	0.440	+0.061

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	0.572	0.572	+0.000
TTM	0.582	0.568	+0.014
YOY	0.621	0.571	+0.050
5Y	0.501	0.561	-0.060
10Y	0.440	0.559	-0.119

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

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

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Maximus to Specialty Business Services 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 Maximus is 0.57. This means means that Maximus is financed with 57.2% 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 Specialty Business Services industry is 141.7%.
What is the trend?
The trend is important because it shows you how Maximus is performing over time. The most recent quarter might be important if Maximus 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 Maximus 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 Maximus has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Maximus

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

Balance sheet
Debt to asset ratio = total debt \ total assets
2,299,055 \ 4,016,861 = 57.2% or 0.57.

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

Below 2 is considered healthy but always compare Maximus to the Specialty Business Services industry mean.
A Debt to Equity ratio of 133.8% means that company has $1.34 debt for each $1 in shareholders equity.

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

The MRQ is 1.338. The company is able to pay all its debts with equity. +1
The TTM is 1.394. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.338	TTM	1.394	-0.056
TTM	1.394	YOY	1.641	-0.247
TTM	1.394	5Y	1.144	+0.250
5Y	1.144	10Y	0.895	+0.250

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
MRQ	1.338	1.198	+0.140
TTM	1.394	1.234	+0.160
YOY	1.641	1.288	+0.353
5Y	1.144	1.290	-0.146
10Y	0.895	1.291	-0.396

Measures if Maximus 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 Maximus 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 Maximus is 1.34. This means that Maximus can pay off $1.34 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Business Services industry is 1.20.
What is the trend?
The trend is important because it shows you how Maximus is performing over time. The most recent quarter might be important if Maximus 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 Maximus 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 Maximus

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
2,299,055 \ 1,717,806 = 1.34 or 133.8%

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 Maximus 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 Maximus generates.

Above 15 is considered overpriced but always compare Maximus to the Specialty Business Services industry mean.
A PE ratio of 20.11 means the investor is paying $20.11 for every $1 in earnings.

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

The EOD is 19.133. Based on the earnings, the company is fair priced.
The MRQ is 20.111. Based on the earnings, the company is fair priced.
The TTM is 29.921. Based on the earnings, the company is overpriced. -1

Trends

Current period		Compared to		+/-
EOD	19.133	MRQ	20.111	-0.978
MRQ	20.111	TTM	29.921	-9.810
TTM	29.921	YOY	23.755	+6.166
TTM	29.921	5Y	22.924	+6.997
5Y	22.924	10Y	22.200	+0.724

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
EOD	19.133	11.235	+7.898
MRQ	20.111	11.529	+8.582
TTM	29.921	10.938	+18.983
YOY	23.755	13.087	+10.668
5Y	22.924	15.144	+7.780
10Y	22.200	14.339	+7.861

Measures how much money you pay for each share for every $1 in earnings Maximus 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 Maximus to the Specialty Business Services 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 Maximus is 20.11. This means the investor is paying $20.11 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Specialty Business Services industry is 11.53.
What is the trend?
The trend is important because it shows you how Maximus is performing over time. The most recent quarter might be important if Maximus 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 Maximus 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 Maximus

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 \ 61,535 = EPS
PE ratio MRQ = 20.11

* 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 Maximus Inc:

The EOD is -1,920.682. Based on how much money comes from the company's main activities, the company is expensive. -2
The MRQ is -2,018.907. Based on how much money comes from the company's main activities, the company is expensive. -2
The TTM is -511.834. Based on how much money comes from the company's main activities, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-1,920.682	MRQ	-2,018.907	+98.225
MRQ	-2,018.907	TTM	-511.834	-1,507.072
TTM	-511.834	YOY	8.706	-520.541
TTM	-511.834	5Y	-103.037	-408.797
5Y	-103.037	10Y	-49.872	-53.166

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
EOD	-1,920.682	4.815	-1,925.497
MRQ	-2,018.907	4.808	-2,023.715
TTM	-511.834	3.461	-515.295
YOY	8.706	5.823	+2.883
5Y	-103.037	3.912	-106.949
10Y	-49.872	5.136	-55.008

2. Book Value per Share

2.3. Price to Book Ratio

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

At or below 1 is considered healthy (always compare to Specialty Business Services industry mean).
A PB ratio of 3.00 means the investor is paying $3.00 for each $1 in book value.

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

The EOD is 2.858. Based on the equity, the company is underpriced. +1
The MRQ is 3.004. Based on the equity, the company is fair priced.
The TTM is 2.991. Based on the equity, the company is underpriced. +1

Trends

Current period		Compared to		+/-
EOD	2.858	MRQ	3.004	-0.146
MRQ	3.004	TTM	2.991	+0.013
TTM	2.991	YOY	2.668	+0.323
TTM	2.991	5Y	3.331	-0.340
5Y	3.331	10Y	4.258	-0.927

Compared to industry (Specialty Business Services)

Period	Company	Industry (mean)	+/-
EOD	2.858	1.695	+1.163
MRQ	3.004	1.909	+1.095
TTM	2.991	1.874	+1.117
YOY	2.668	1.956	+0.712
5Y	3.331	2.025	+1.306
10Y	4.258	2.202	+2.056

2. Total Gains per Share

3. Holders & Insider Transactions

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

3.1. Institutions holding Maximus Inc

Institutions are holding 100% of the shares of Maximus Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	FMR Inc	14.9807	0.0589	9142943	554754	6.4595
2023-12-31	BlackRock Inc	12.2476	0.016	7474867	386529	5.453
2023-12-31	Vanguard Group Inc	9.934	0.0111	6062856	69873	1.1659
2023-12-31	Victory Capital Management Inc.	8.7132	0.4691	5317817	-414915	-7.2376
2023-12-31	Mackenzie Investments	4.3369	0.3348	2646879	-589	-0.0222
2023-12-31	State Street Corporation	4.2075	0.0105	2567915	34069	1.3446
2023-12-31	AllianceBernstein L.P.	3.3522	0.066	2045900	-263629	-11.4148
2023-12-31	Geode Capital Management, LLC	2.2571	0.0121	1377550	54410	4.1122
2023-12-31	HHG PLC	2.0132	0.0615	1228711	-86722	-6.5927
2023-12-31	Van Berkom and Associates Inc	1.8366	2.7343	1120934	-3304	-0.2939
2023-12-31	Dimensional Fund Advisors, Inc.	1.7404	0.026	1062173	79729	8.1154
2023-12-31	Bank of America Corp	1.4439	0.0074	881218	34097	4.025
2023-12-31	Fuller & Thaler Asset Management Inc	1.3237	0.3432	807887	-229653	-22.1344
2023-12-31	Thrivent Financial For Lutherans	1.2816	0.1429	782180	-7537	-0.9544
2023-12-31	Northern Trust Corp	1.276	0.0118	778781	-14970	-1.886
2023-12-31	Charles Schwab Investment Management Inc	1.174	0.0153	716501	8702	1.2294
2023-12-31	Allspring Global Investments Holdings, LLC	1.1496	0.0975	701622	-20605	-2.853
2023-12-31	Ameriprise Financial Inc	1.1158	0.0171	680985	375159	122.6707
2023-12-31	NORGES BANK	1.0907	0.0098	665649	151904	29.568
2023-12-31	Bank of New York Mellon Corp	1.0592	0.011	646470	-23957	-3.5734
Total		76.5339	4.4563	46709838	+683345	+1.5%

3.2. Funds holding Maximus Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Victory Sycamore Established Value R	4.2519	1.206	2595000	-325000	-11.1301
2024-02-29	Vanguard Total Stock Mkt Idx Inv	3.1235	0.0103	1906288	-4339	-0.2271
2024-02-29	iShares Core S&P Mid-Cap ETF	3.0319	0.1921	1850389	-5312	-0.2863
2024-02-29	Vanguard Small Cap Index	2.5761	0.0936	1572208	14532	0.9329
2024-02-29	iShares Russell 2000 ETF	2.4156	0.1978	1474295	-241	-0.0163
2023-12-31	Fidelity Low-Priced Stock	2.4076	0.4478	1469396	-2795	-0.1899
2023-12-31	Canada Life US Small-Mid Cap Growth F	2.1992	5.0283	1342210	0	0
2023-12-31	Janus Henderson Triton D	1.7717	1.3297	1081289	-81913	-7.042
2023-12-31	Janus Henderson US SMID Cap Growth	1.7717	1.3354	1081289	-81913	-7.042
2024-01-31	Strategic Advisers Fidelity US TtlStk	1.6984	0.0868	1036536	39474	3.959
2023-12-31	Victory Sycamore Small Company Opp R	1.6958	1.2365	1035000	-50000	-4.6083
2023-12-31	Victory Small Cap Value CIT (Net 75)	1.6958	1.234	1035000	-50000	-4.6083
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	1.4727	0.0737	898823	-627	-0.0697
2024-02-29	Vanguard Small Cap Growth Index Inv	1.4441	0.2113	881355	12677	1.4593
2024-01-31	Undiscovered Managers Behavioral Val L	1.2983	0.8113	792371	126531	19.0032
2024-02-29	First Trust Value Line® Dividend ETF	1.2279	0.6133	749404	0	0
2023-12-31	Vanguard Explorer Inv	1.2232	0.2928	746535	1286	0.1726
2024-01-31	Fidelity Series Value Discovery	1.1796	0.5832	719900	0	0
2023-12-31	FullerThaler Behavioral Small-Cap Value	1.1472	0.6882	700143	-19896	-2.7632
2023-12-31	Fidelity Small Cap Discovery	1.0753	2.1204	656284	0	0
Total		38.7075	17.7925	23623715	-427536	-1.8%

3.3. Insider Transactions

Insiders are holding 1.018% of the shares of Maximus Inc.

Date	Owner	Type	Amount	Price
2024-02-16	David Mutryn	SELL	8000	83.95
2023-12-12	Ilene R Baylinson	SELL	10043	85.57
2023-11-30	Ilene R Baylinson	SELL	12	83.49
2023-09-29	Bruce Caswell	SELL	21049	74.68
2023-09-29	David Mutryn	SELL	3886	74.68
2023-09-29	Teresa Weipert	SELL	1444	74.68
2023-09-15	Michael J Warren	SELL	1880	79.84
2023-08-16	Michael J Warren	SELL	2490	79.53
2023-08-04	Bruce Caswell	BUY	3141	79.07
2023-05-15	Michelle F Link	SELL	1968	79.53

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Maximus 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	-	-	0.848	0.520	+63%	0.340	+150%	0.536	+58%	0.505	+68%
Book Value Per Share	-	-	27.916	26.902	+4%	25.167	+11%	22.783	+23%	17.274	+62%
Current Ratio	-	-	1.685	1.500	+12%	1.483	+14%	1.694	-1%	1.917	-12%
Debt To Asset Ratio	-	-	0.572	0.582	-2%	0.621	-8%	0.501	+14%	0.440	+30%
Debt To Equity Ratio	-	-	1.338	1.394	-4%	1.641	-18%	1.144	+17%	0.895	+50%
Dividend Per Share	-	-	0.297	0.282	+6%	0.277	+7%	0.273	+9%	0.164	+81%
Eps	-	-	1.042	0.755	+38%	0.773	+35%	0.895	+17%	0.799	+30%
Free Cash Flow Per Share	-	-	-0.010	1.519	-101%	0.368	-103%	1.102	-101%	0.938	-101%
Free Cash Flow To Equity Per Share	-	-	0.451	-0.082	+118%	-0.156	+135%	1.517	-70%	1.023	-56%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	0.983	+2%	0.873	+15%
Intrinsic Value_10Y_max	-	-	30.965	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-38.977	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	4.354	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	2.467	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	12.130	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	1.937	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	18.755	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-4.591	-	-	-	-	-	-	-	-
Market Cap	4869085092.000	-6%	5160325100.000	4948452050.000	+4%	4142573557.500	+25%	4680373978.000	+10%	4285856158.250	+20%
Net Profit Margin	-	-	0.048	0.037	+31%	0.040	+20%	0.056	-14%	0.069	-30%
Operating Margin	-	-	0.081	0.065	+25%	0.067	+20%	0.082	-1%	0.104	-22%
Operating Ratio	-	-	0.919	0.935	-2%	0.935	-2%	0.918	+0%	0.897	+2%
Pb Ratio	2.858	-5%	3.004	2.991	+0%	2.668	+13%	3.331	-10%	4.258	-29%
Pe Ratio	19.133	-5%	20.111	29.921	-33%	23.755	-15%	22.924	-12%	22.200	-9%
Price Per Share	79.780	-5%	83.860	80.438	+4%	67.165	+25%	74.786	+12%	66.678	+26%
Price To Free Cash Flow Ratio	-1920.682	+5%	-2018.907	-511.834	-75%	8.706	-23289%	-103.037	-95%	-49.872	-98%
Price To Total Gains Ratio	69.645	-5%	73.207	107.574	-32%	46443.107	-100%	9348.739	-99%	4615.058	-98%
Quick Ratio	-	-	1.379	1.274	+8%	1.301	+6%	1.534	-10%	1.740	-21%
Return On Assets	-	-	0.016	0.012	+37%	0.012	+37%	0.021	-24%	0.029	-46%
Return On Equity	-	-	0.037	0.028	+34%	0.031	+22%	0.040	-7%	0.051	-26%
Total Gains Per Share	-	-	1.146	0.802	+43%	0.617	+86%	0.809	+42%	0.669	+71%
Usd Book Value	-	-	1717806000.000	1655054000.000	+4%	1551539000.000	+11%	1423085500.000	+21%	1101770250.000	+56%
Usd Book Value Change Per Share	-	-	0.848	0.520	+63%	0.340	+150%	0.536	+58%	0.505	+68%
Usd Book Value Per Share	-	-	27.916	26.902	+4%	25.167	+11%	22.783	+23%	17.274	+62%
Usd Dividend Per Share	-	-	0.297	0.282	+6%	0.277	+7%	0.273	+9%	0.164	+81%
Usd Eps	-	-	1.042	0.755	+38%	0.773	+35%	0.895	+17%	0.799	+30%
Usd Free Cash Flow	-	-	-639000.000	93340500.000	-101%	23146000.000	-103%	69092800.000	-101%	60212675.000	-101%
Usd Free Cash Flow Per Share	-	-	-0.010	1.519	-101%	0.368	-103%	1.102	-101%	0.938	-101%
Usd Free Cash Flow To Equity Per Share	-	-	0.451	-0.082	+118%	-0.156	+135%	1.517	-70%	1.023	-56%
Usd Market Cap	4869085092.000	-6%	5160325100.000	4948452050.000	+4%	4142573557.500	+25%	4680373978.000	+10%	4285856158.250	+20%
Usd Price Per Share	79.780	-5%	83.860	80.438	+4%	67.165	+25%	74.786	+12%	66.678	+26%
Usd Profit	-	-	64148000.000	46486250.000	+38%	47623250.000	+35%	56019400.000	+15%	51354825.000	+25%
Usd Revenue	-	-	1327041000.000	1245630750.000	+7%	1182347000.000	+12%	1040050250.000	+28%	802658050.000	+65%
Usd Total Gains Per Share	-	-	1.146	0.802	+43%	0.617	+86%	0.809	+42%	0.669	+71%
	EOD	+3 -5	MRQ	TTM	+29 -6	YOY	+29 -6	5Y	+20 -16	10Y	+20 -16

4.2. Fundamental Score

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

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	19.133
Price to Book Ratio (EOD)	Between	0-1	2.858
Net Profit Margin (MRQ)	Greater than	0	0.048
Operating Margin (MRQ)	Greater than	0	0.081
Quick Ratio (MRQ)	Greater than	1	1.379
Current Ratio (MRQ)	Greater than	1	1.685
Debt to Asset Ratio (MRQ)	Less than	1	0.572
Debt to Equity Ratio (MRQ)	Less than	1	1.338
Return on Equity (MRQ)	Greater than	0.15	0.037
Return on Assets (MRQ)	Greater than	0.05	0.016
Total			5/10 (50.0%)

Create your own Stock Scanner

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

4.3. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	39.712
Ma 20	Greater than	Ma 50	81.544
Ma 50	Greater than	Ma 100	82.484
Ma 100	Greater than	Ma 200	82.542
Open	Greater than	Close	80.890
Total			2/5 (40.0%)

Create your own Symbol Scanner

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

Latest Balance Sheet

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

Summary

Total Assets	4,016,861
Total Liabilities	2,299,055
Total Stockholder Equity	1,717,806

	As reported
Total Liabilities	2,299,055
Total Stockholder Equity	+ 1,717,806
Total Assets	= 4,016,861

Assets

Total Assets	4,016,861
Total Current Assets	1,109,619
Long-term Assets	2,907,242

Total Current Assets

Total Current Assets (as reported)	1,109,619
Cash And Cash Equivalents	104,186
Short-term Investments	-72,512
Net Receivables	876,259
Other Current Assets	129,174
Total Current Assets (calculated)	1,037,107
+/-	72,512

Long-term Assets

Long-term Assets (as reported)	2,907,242
Property Plant Equipment	189,905
Goodwill	1,781,092
Intangible Assets	805,692
Long-term Assets Other	34,637
Long-term Assets (calculated)	2,811,326
+/-	95,916

Liabilities & Shareholders' Equity

Total Current Liabilities	658,366
Long-term Liabilities	1,640,689
Total Stockholder Equity	1,717,806

Total Current Liabilities

Total Current Liabilities (as reported)	658,366
Short-term Debt	138,933
Short Long Term Debt	90,443
Accounts payable	267,623
Other Current Liabilities	188,778
Total Current Liabilities (calculated)	685,777
+/-	27,411

Long-term Liabilities

Long-term Liabilities (as reported)	1,640,689
Long term Debt	1,222,243
Capital Lease Obligations	167,084
Long-term Liabilities Other	12,807
Long-term Liabilities (calculated)	1,402,134
+/-	238,555

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,717,806
Common Stock	585,278
Retained Earnings	1,163,116
Accumulated Other Comprehensive Income	-30,588
Total Stockholder Equity (calculated)	1,717,806
+/-	0

Other

Capital Stock	585,278
Cash and Short Term Investments	104,186
Common Stock Shares Outstanding	61,535
Current Deferred Revenue	63,032
Liabilities and Stockholders Equity	4,016,861
Net Debt	1,375,584
Net Invested Capital	3,030,492
Net Working Capital	451,253
Property Plant and Equipment Gross	189,905
Short Long Term Debt Total	1,479,770

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

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2019-12-31

2019-09-30

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2018-12-31

2018-09-30

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2018-03-31

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2017-09-30

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2016-09-30

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2016-03-31

2015-12-31

2015-09-30

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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

> Total Assets

0
0
90,900
96,800
87,500
96,800
111,900
120,500
185,100
195,700
206,500
223,000
227,400
244,205
253,811
256,903
267,768
270,274
328,898
347,715
359,749
360,838
363,214
352,090
357,400
361,580
380,249
415,020
434,013
446,461
466,784
464,747
472,620
499,516
517,079
534,562
542,179
569,140
558,905
558,501
529,413
534,799
564,646
564,464
416,078
426,269
436,963
458,946
370,068
388,023
413,177
433,234
460,075
474,244
494,378
527,741
536,744
572,618
590,067
565,279
584,411
615,834
651,586
695,293
705,905
744,360
759,058
857,978
844,200
896,979
922,080
900,996
892,252
954,961
1,275,645
1,280,171
1,275,535
1,342,813
1,298,093
1,348,819
1,296,337
1,316,486
1,283,495
1,350,662
1,401,530
1,430,500
1,401,059
1,462,000
1,669,302
1,687,716
1,690,906
1,745,732
1,989,791
1,960,406
2,062,986
2,024,702
2,066,233
2,441,395
4,370,593
4,118,965
4,181,868
4,107,696
4,057,923
3,992,714
4,234,915
3,898,856
3,943,184
3,985,797
4,016,861

4,016,861

3,985,797

3,943,184

3,898,856

4,234,915

3,992,714

4,057,923

4,107,696

4,181,868

4,118,965

4,370,593

2,441,395

2,066,233

2,024,702

2,062,986

1,960,406

1,989,791

1,745,732

1,690,906

1,687,716

1,669,302

1,462,000

1,401,059

1,430,500

1,401,530

1,350,662

1,283,495

1,316,486

1,296,337

1,348,819

1,298,093

1,342,813

1,275,535

1,280,171

1,275,645

954,961

892,252

900,996

922,080

896,979

844,200

857,978

759,058

744,360

705,905

695,293

651,586

615,834

584,411

565,279

590,067

572,618

536,744

527,741

494,378

474,244

460,075

433,234

413,177

388,023

370,068

458,946

436,963

426,269

416,078

564,464

564,646

534,799

529,413

558,501

558,905

569,140

542,179

534,562

517,079

499,516

472,620

464,747

466,784

446,461

434,013

415,020

380,249

361,580

357,400

352,090

363,214

360,838

359,749

347,715

328,898

270,274

267,768

256,903

253,811

244,205

227,400

223,000

206,500

195,700

185,100

120,500

111,900

96,800

87,500

96,800

90,900

> Total Current Assets

0
0
87,500
93,100
83,400
92,100
106,400
112,400
176,900
175,800
180,100
196,600
196,600
188,759
174,450
174,442
183,859
186,277
242,088
260,247
271,548
265,554
259,477
235,424
239,210
241,433
248,484
275,772
286,810
297,138
305,699
304,420
311,866
332,096
346,299
356,077
355,176
376,937
381,953
383,680
361,154
369,345
400,351
398,737
250,647
263,962
276,689
325,087
246,410
263,742
282,784
292,111
312,990
316,128
338,163
356,149
363,442
396,845
411,905
391,276
411,756
441,582
417,450
448,684
454,231
493,562
502,880
489,599
482,859
535,452
554,400
532,460
523,470
570,009
583,087
580,899
558,117
600,263
563,217
620,980
587,455
617,961
589,539
657,242
718,849
759,032
739,276
808,632
723,024
740,010
739,378
789,425
843,908
863,453
979,512
932,558
986,827
932,137
1,307,362
1,079,494
1,148,329
1,090,500
1,071,584
1,032,313
1,256,087
951,904
996,036
1,055,466
1,109,619

1,109,619

1,055,466

996,036

951,904

1,256,087

1,032,313

1,071,584

1,090,500

1,148,329

1,079,494

1,307,362

932,137

986,827

932,558

979,512

863,453

843,908

789,425

739,378

740,010

723,024

808,632

739,276

759,032

718,849

657,242

589,539

617,961

587,455

620,980

563,217

600,263

558,117

580,899

583,087

570,009

523,470

532,460

554,400

535,452

482,859

489,599

502,880

493,562

454,231

448,684

417,450

441,582

411,756

391,276

411,905

396,845

363,442

356,149

338,163

316,128

312,990

292,111

282,784

263,742

246,410

325,087

276,689

263,962

250,647

398,737

400,351

369,345

361,154

383,680

381,953

376,937

355,176

356,077

346,299

332,096

311,866

304,420

305,699

297,138

286,810

275,772

248,484

241,433

239,210

235,424

259,477

265,554

271,548

260,247

242,088

186,277

183,859

174,442

174,450

188,759

196,600

180,100

175,800

176,900

112,400

106,400

92,100

83,400

93,100

87,500

Cash And Cash Equivalents

0
0
6,600
11,000
10,600
14,700
20,000
19,400
18,900
24,700
27,000
61,600
59,300
46,511
37,770
36,975
29,500
46,994
91,804
114,108
94,705
113,859
111,047
94,965
84,235
92,623
89,501
117,372
143,431
138,414
131,611
91,854
94,557
78,173
64,978
59,073
36,707
38,436
32,732
39,545
21,964
42,871
91,105
70,472
62,279
63,420
77,944
120,628
61,461
85,090
91,666
87,815
126,940
121,362
153,059
155,321
177,004
183,155
204,016
172,950
191,048
229,537
168,900
189,312
167,138
187,343
187,911
125,617
120,584
131,323
182,942
158,112
149,196
114,535
81,877
74,672
50,958
60,783
50,609
66,199
69,767
94,862
104,378
166,252
196,905
253,227
229,021
349,245
54,736
46,799
71,084
105,565
149,515
126,257
81,548
71,737
132,597
101,683
96,110
135,061
181,790
92,638
93,748
40,658
63,050
56,344
35,007
65,405
104,186

104,186

65,405

35,007

56,344

63,050

40,658

93,748

92,638

181,790

135,061

96,110

101,683

132,597

71,737

81,548

126,257

149,515

105,565

71,084

46,799

54,736

349,245

229,021

253,227

196,905

166,252

104,378

94,862

69,767

66,199

50,609

60,783

50,958

74,672

81,877

114,535

149,196

158,112

182,942

131,323

120,584

125,617

187,911

187,343

167,138

189,312

168,900

229,537

191,048

172,950

204,016

183,155

177,004

155,321

153,059

121,362

126,940

87,815

91,666

85,090

61,461

120,628

77,944

63,420

62,279

70,472

91,105

42,871

21,964

39,545

32,732

38,436

36,707

59,073

64,978

78,173

94,557

91,854

131,611

138,414

143,431

117,372

89,501

92,623

84,235

94,965

111,047

113,859

94,705

114,108

91,804

46,994

29,500

36,975

37,770

46,511

59,300

61,600

27,000

24,700

18,900

19,400

20,000

14,700

10,600

11,000

6,600

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
37,200
33,900
26,541
10,864
1,359
206
1,350
1,230
1,232
25,224
160
160
160
160
140
140
140
140
0
0
47,400
47,750
83,090
98,615
119,290
135,665
136,665
137,715
117,315
141,811
134,409
123,737
126,210
50
327
327
329
2,543
2,449
3,702
3,919
4,590
3,971
3,753
4,182
4,966
4,930
5,097
4,839
7,116
6,681
11,930
11,593
12,106
12,934
12,313
12,176
11,915
12,073
13,356
0
0
0
0
13,400
0
0
0
14,100
0
0
0
13,500
0
0
20,166
20,264
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-72,512

-72,512

20,264

20,166

13,500

14,100

13,400

13,356

12,073

11,915

12,176

12,313

12,934

12,106

11,593

11,930

6,681

7,116

4,839

5,097

4,930

4,966

4,182

3,753

3,971

4,590

3,919

3,702

2,449

2,543

329

327

126,210

123,737

134,409

141,811

117,315

137,715

136,665

135,665

119,290

98,615

83,090

47,750

47,400

140

160

25,224

1,232

1,230

1,350

206

1,359

10,864

26,541

33,900

37,200

Net Receivables

0
0
31,400
39,300
33,900
46,000
66,000
78,300
88,100
66,200
74,000
92,100
97,700
109,784
119,833
129,764
148,094
131,428
144,958
118,988
118,270
142,153
139,582
133,176
147,099
141,152
149,629
144,134
133,211
146,247
163,181
154,114
161,138
163,554
172,845
168,251
170,774
185,856
193,661
210,130
177,879
169,428
164,336
175,162
169,038
181,313
178,931
160,260
153,270
149,621
155,946
149,500
142,185
157,048
142,209
153,505
141,942
168,300
161,268
154,070
157,524
152,015
173,438
187,044
210,326
224,086
237,648
292,956
299,199
330,087
291,550
289,567
296,245
368,372
405,307
427,106
457,958
490,129
462,535
498,063
466,562
472,657
432,259
435,341
472,025
457,887
440,386
395,128
618,373
643,543
620,677
621,379
641,139
683,939
838,022
788,278
785,295
762,097
1,129,773
840,232
852,236
900,442
883,618
809,268
1,018,532
754,543
832,944
843,429
876,259

876,259

843,429

832,944

754,543

1,018,532

809,268

883,618

900,442

852,236

840,232

1,129,773

762,097

785,295

788,278

838,022

683,939

641,139

621,379

620,677

643,543

618,373

395,128

440,386

457,887

472,025

435,341

432,259

472,657

466,562

498,063

462,535

490,129

457,958

427,106

405,307

368,372

296,245

289,567

291,550

330,087

299,199

292,956

237,648

224,086

210,326

187,044

173,438

152,015

157,524

154,070

161,268

168,300

141,942

153,505

142,209

157,048

142,185

149,500

155,946

149,621

153,270

160,260

178,931

181,313

169,038

175,162

164,336

169,428

177,879

210,130

193,661

185,856

170,774

168,251

172,845

163,554

161,138

154,114

163,181

146,247

133,211

144,134

149,629

141,152

147,099

133,176

139,582

142,153

118,270

118,988

144,958

131,428

148,094

129,764

119,833

109,784

97,700

92,100

74,000

66,200

88,100

78,300

66,000

46,000

33,900

39,300

31,400

Other Current Assets

0
0
49,500
42,800
38,900
31,400
20,400
14,700
69,900
84,900
79,100
5,700
5,700
5,923
5,983
6,344
6,059
6,505
4,096
20,436
25,231
9,382
8,688
7,123
7,716
7,518
9,214
14,126
10,168
12,477
10,907
11,052
8,421
7,279
9,861
9,463
12,030
15,980
17,845
16,690
19,500
22,637
21,173
26,893
19,280
19,229
347
12,693
192
192
35,172
18,238
8,916
6,560
9,368
47,323
44,496
45,390
46,621
64,256
63,184
60,030
75,112
72,328
76,767
82,133
77,321
71,026
63,076
74,042
79,908
84,781
78,029
87,102
95,903
79,121
49,201
49,351
50,073
56,718
51,126
50,442
52,902
55,649
49,919
47,918
49,703
43,995
49,915
49,668
47,617
62,481
53,254
53,257
59,942
72,543
68,935
68,357
81,479
104,201
114,303
97,420
94,218
182,387
174,505
141,017
128,085
146,632
129,174

129,174

146,632

128,085

141,017

174,505

182,387

94,218

97,420

114,303

104,201

81,479

68,357

68,935

72,543

59,942

53,257

53,254

62,481

47,617

49,668

49,915

43,995

49,703

47,918

49,919

55,649

52,902

50,442

51,126

56,718

50,073

49,351

49,201

79,121

95,903

87,102

78,029

84,781

79,908

74,042

63,076

71,026

77,321

82,133

76,767

72,328

75,112

60,030

63,184

64,256

46,621

45,390

44,496

47,323

9,368

6,560

8,916

18,238

35,172

192

12,693

347

19,229

19,280

26,893

21,173

22,637

19,500

16,690

17,845

15,980

12,030

9,463

9,861

7,279

8,421

11,052

10,907

12,477

10,168

14,126

9,214

7,518

7,716

7,123

8,688

9,382

25,231

20,436

4,096

6,505

6,059

6,344

5,983

5,923

5,700

79,100

84,900

69,900

14,700

20,400

31,400

38,900

42,800

49,500

> Long-term Assets

0
0
3,400
3,700
4,100
4,700
5,500
8,100
8,200
19,900
26,400
26,400
30,800
55,446
79,361
82,461
83,909
83,997
86,810
87,468
88,201
95,284
103,737
116,666
118,190
120,147
131,765
139,248
147,203
149,323
161,085
160,327
160,754
167,420
170,780
178,485
187,003
192,203
176,952
174,821
168,259
165,454
164,295
165,727
165,431
162,307
160,274
133,859
123,658
124,281
130,393
141,123
147,085
158,116
156,215
171,592
173,302
175,773
178,162
174,003
172,655
174,252
234,136
246,609
251,674
250,798
256,178
368,379
361,341
361,527
367,680
368,536
368,782
384,952
692,558
699,272
717,418
742,550
734,876
727,839
708,882
698,525
693,956
693,420
682,681
671,468
661,783
653,368
946,278
947,706
951,528
956,307
1,145,883
1,096,953
1,083,474
1,092,144
1,079,406
1,509,258
3,063,231
3,039,471
3,033,539
3,017,196
2,986,339
2,960,401
2,978,828
2,946,952
2,947,148
2,930,331
2,907,242

2,907,242

2,930,331

2,947,148

2,946,952

2,978,828

2,960,401

2,986,339

3,017,196

3,033,539

3,039,471

3,063,231

1,509,258

1,079,406

1,092,144

1,083,474

1,096,953

1,145,883

956,307

951,528

947,706

946,278

653,368

661,783

671,468

682,681

693,420

693,956

698,525

708,882

727,839

734,876

742,550

717,418

699,272

692,558

384,952

368,782

368,536

367,680

361,527

361,341

368,379

256,178

250,798

251,674

246,609

234,136

174,252

172,655

174,003

178,162

175,773

173,302

171,592

156,215

158,116

147,085

141,123

130,393

124,281

123,658

133,859

160,274

162,307

165,431

165,727

164,295

165,454

168,259

174,821

176,952

192,203

187,003

178,485

170,780

167,420

160,754

160,327

161,085

149,323

147,203

139,248

131,765

120,147

118,190

116,666

103,737

95,284

88,201

87,468

86,810

83,997

83,909

82,461

79,361

55,446

30,800

26,400

19,900

8,200

8,100

5,500

4,700

4,100

3,700

3,400

Property Plant Equipment

0
0
2,700
2,900
2,900
3,100
4,200
4,500
4,800
13,000
14,400
14,700
15,100
15,618
16,330
18,724
19,213
19,299
20,515
20,539
20,938
23,606
24,375
25,406
25,245
26,204
26,344
26,217
26,139
26,570
26,048
25,693
25,771
25,820
26,937
31,156
57,005
32,885
32,570
33,429
32,927
32,782
33,141
35,901
35,580
34,333
33,799
33,994
33,392
33,549
37,845
45,286
46,443
46,809
46,821
48,873
36,314
49,359
50,426
78,356
50,235
50,722
57,227
58,798
58,284
58,845
63,371
77,710
73,333
70,982
71,961
80,246
83,355
103,234
118,169
137,830
138,131
137,493
136,295
131,569
121,799
112,882
106,622
101,651
95,931
90,741
84,944
77,544
81,352
76,693
84,694
99,589
293,067
260,544
244,360
243,880
227,996
238,913
254,738
241,976
231,493
218,128
199,453
185,143
212,470
209,548
205,371
202,760
189,905

189,905

202,760

205,371

209,548

212,470

185,143

199,453

218,128

231,493

241,976

254,738

238,913

227,996

243,880

244,360

260,544

293,067

99,589

84,694

76,693

81,352

77,544

84,944

90,741

95,931

101,651

106,622

112,882

121,799

131,569

136,295

137,493

138,131

137,830

118,169

103,234

83,355

80,246

71,961

70,982

73,333

77,710

63,371

58,845

58,284

58,798

57,227

50,722

50,235

78,356

50,426

49,359

36,314

48,873

46,821

46,809

46,443

45,286

37,845

33,549

33,392

33,994

33,799

34,333

35,580

35,901

33,141

32,782

32,927

33,429

32,570

32,885

57,005

31,156

26,937

25,820

25,771

25,693

26,048

26,570

26,139

26,217

26,344

26,204

25,245

25,406

24,375

23,606

20,938

20,539

20,515

19,299

19,213

18,724

16,330

15,618

15,100

14,700

14,400

13,000

4,800

4,500

4,200

3,100

2,900

2,700

Goodwill

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
49,818
48,959
53,059
60,559
68,812
70,781
71,291
80,574
81,757
82,358
82,742
84,710
84,886
85,143
85,537
85,537
86,832
86,832
86,832
86,832
86,688
86,019
86,019
86,086
86,086
86,086
86,086
83,576
60,659
58,976
58,763
61,288
61,029
61,364
69,067
67,806
71,251
72,189
72,832
73,252
71,323
72,020
72,705
104,697
112,032
112,021
111,670
109,295
171,867
172,216
173,191
175,471
170,626
166,470
162,214
379,895
376,302
387,118
401,152
398,929
397,558
393,480
395,011
397,386
402,976
403,261
405,082
400,904
399,882
585,735
587,751
583,703
584,469
586,659
585,772
586,757
593,129
595,927
899,796
1,757,795
1,774,406
1,776,239
1,780,370
1,783,870
1,779,415
1,783,239
1,780,200
1,780,884
1,779,215
1,781,092

1,781,092

1,779,215

1,780,884

1,780,200

1,783,239

1,779,415

1,783,870

1,780,370

1,776,239

1,774,406

1,757,795

899,796

595,927

593,129

586,757

585,772

586,659

584,469

583,703

587,751

585,735

399,882

400,904

405,082

403,261

402,976

397,386

395,011

393,480

397,558

398,929

401,152

387,118

376,302

379,895

162,214

166,470

170,626

175,471

173,191

172,216

171,867

109,295

111,670

112,021

112,032

104,697

72,705

72,020

71,323

73,252

72,832

72,189

71,251

67,806

69,067

61,364

61,029

61,288

58,763

58,976

60,659

83,576

86,086

86,019

86,688

86,832

85,537

85,143

84,886

84,710

82,742

82,358

81,757

80,574

71,291

70,781

68,812

60,559

53,059

48,959

49,818

Intangible Assets

0
0
0
0
0
0
0
0
0
2,600
6,800
8,300
12,600
32,543
54,294
52,586
51,194
49,815
50,455
49,818
49,555
53,405
2,666
6,540
77,701
77,938
88,110
88,969
89,246
89,306
94,999
94,693
94,436
94,316
93,802
94,588
94,079
32,093
32,342
39,645
36,588
35,268
34,089
3,603
40,219
32,010
32,166
17,824
17,194
19,139
19,620
21,424
24,116
30,943
30,909
32,493
45,926
33,943
33,998
5,651
31,871
31,943
53,190
52,720
53,433
55,248
57,702
82,495
82,008
84,516
83,599
78,973
74,295
69,342
141,408
134,841
130,340
148,765
143,949
139,166
132,981
129,209
126,857
125,517
120,767
116,710
113,072
110,464
227,326
220,586
216,726
211,619
204,013
194,837
186,562
183,926
180,918
285,814
938,226
922,036
912,110
894,441
877,657
863,644
847,784
822,587
815,963
811,459
805,692

805,692

811,459

815,963

822,587

847,784

863,644

877,657

894,441

912,110

922,036

938,226

285,814

180,918

183,926

186,562

194,837

204,013

211,619

216,726

220,586

227,326

110,464

113,072

116,710

120,767

125,517

126,857

129,209

132,981

139,166

143,949

148,765

130,340

134,841

141,408

69,342

74,295

78,973

83,599

84,516

82,008

82,495

57,702

55,248

53,433

52,720

53,190

31,943

31,871

5,651

33,998

33,943

45,926

32,493

30,909

30,943

24,116

21,424

19,620

19,139

17,194

17,824

32,166

32,010

40,219

3,603

34,089

35,268

36,588

39,645

32,342

32,093

94,079

94,588

93,802

94,316

94,436

94,693

94,999

89,306

89,246

88,969

88,110

77,938

77,701

6,540

2,666

53,405

49,555

49,818

50,455

49,815

51,194

52,586

54,294

32,543

12,600

8,300

6,800

2,600

Other Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
39,828
63,031
63,737
64,696
64,698
66,295
66,929
67,263
71,678
79,362
91,260
92,945
93,943
105,421
113,031
121,064
122,753
135,037
134,634
134,983
141,600
143,843
147,329
154,398
159,318
144,382
141,392
135,332
132,672
131,154
129,826
129,851
127,974
126,475
99,865
90,266
90,732
92,548
95,837
100,642
111,307
109,394
122,719
124,797
126,414
127,736
122,263
122,420
123,530
176,909
187,811
193,390
191,953
192,807
290,669
288,008
290,545
295,719
288,290
285,427
281,718
574,389
561,442
579,287
605,057
598,581
596,270
587,083
585,643
587,334
591,769
586,750
58,935
62,863
65,478
51,865
62,676
66,405
60,630
62,144
55,800
65,795
71,209
280,447
84,735
112,472
101,053
113,697
124,257
125,359
132,199
135,335
134,617
144,930
105,870
0

105,870

144,930

134,617

135,335

132,199

125,359

124,257

113,697

101,053

112,472

84,735

280,447

71,209

65,795

55,800

62,144

60,630

66,405

62,676

51,865

65,478

62,863

58,935

586,750

591,769

587,334

585,643

587,083

596,270

598,581

605,057

579,287

561,442

574,389

281,718

285,427

288,290

295,719

290,545

288,008

290,669

192,807

191,953

193,390

187,811

176,909

123,530

122,420

122,263

127,736

126,414

124,797

122,719

109,394

111,307

100,642

95,837

92,548

90,732

90,266

99,865

126,475

127,974

129,851

129,826

131,154

132,672

135,332

141,392

144,382

159,318

154,398

147,329

143,843

141,600

134,983

134,634

135,037

122,753

121,064

113,031

105,421

93,943

92,945

91,260

79,362

71,678

67,263

66,929

66,295

64,698

64,696

63,737

63,031

39,828

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
425
453
676
732
778
812
789
1,369
833
1,249
1,167
1,179
566
590
1,567
0
0
0
0
0
11,077
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

11,077

1,567

590

566

1,179

1,167

1,249

833

1,369

789

812

778

732

676

453

425

> Total Liabilities

0
0
21,700
30,700
18,800
23,700
33,400
35,800
33,800
36,300
39,200
47,500
43,400
50,989
51,692
47,970
49,544
40,207
47,113
46,301
43,228
39,877
47,495
49,961
51,449
55,181
67,711
81,743
75,689
83,593
94,356
91,199
91,530
110,597
120,497
128,608
131,802
151,676
157,154
153,602
132,950
135,240
169,512
155,064
143,512
141,390
139,928
183,240
113,652
126,393
130,071
136,106
157,011
155,042
168,878
188,952
179,567
190,028
194,093
190,822
192,489
205,111
221,887
244,187
244,199
251,169
268,085
328,470
305,088
325,343
333,578
344,811
333,811
366,732
635,247
664,472
662,793
679,372
592,572
595,679
533,965
493,076
393,404
404,894
393,878
364,172
345,312
375,581
551,923
520,135
476,007
497,531
690,786
821,938
868,039
782,883
767,922
1,071,490
2,917,146
2,638,636
2,653,442
2,553,480
2,536,361
2,443,343
2,653,908
2,297,134
2,310,331
2,317,962
2,299,055

2,299,055

2,317,962

2,310,331

2,297,134

2,653,908

2,443,343

2,536,361

2,553,480

2,653,442

2,638,636

2,917,146

1,071,490

767,922

782,883

868,039

821,938

690,786

497,531

476,007

520,135

551,923

375,581

345,312

364,172

393,878

404,894

393,404

493,076

533,965

595,679

592,572

679,372

662,793

664,472

635,247

366,732

333,811

344,811

333,578

325,343

305,088

328,470

268,085

251,169

244,199

244,187

221,887

205,111

192,489

190,822

194,093

190,028

179,567

188,952

168,878

155,042

157,011

136,106

130,071

126,393

113,652

183,240

139,928

141,390

143,512

155,064

169,512

135,240

132,950

153,602

157,154

151,676

131,802

128,608

120,497

110,597

91,530

91,199

94,356

83,593

75,689

81,743

67,711

55,181

51,449

49,961

47,495

39,877

43,228

46,301

47,113

40,207

49,544

47,970

51,692

50,989

43,400

47,500

39,200

36,300

33,800

35,800

33,400

23,700

18,800

30,700

21,700

> Total Current Liabilities

0
0
19,300
30,500
18,700
23,800
33,400
35,400
33,400
35,800
37,700
46,100
41,900
47,642
49,151
46,630
48,379
39,554
46,470
45,781
42,770
39,480
45,314
49,462
50,931
54,767
67,177
74,452
66,323
69,962
77,793
74,906
74,819
91,270
100,879
107,737
108,842
127,013
138,769
136,614
117,615
120,127
157,060
131,592
119,991
117,168
117,122
173,308
105,123
116,936
118,887
127,465
145,110
133,271
145,031
164,688
152,848
161,286
166,284
163,893
163,837
176,963
185,625
199,136
195,714
209,841
226,169
262,307
233,716
255,999
261,376
265,321
253,953
272,821
365,968
356,380
319,276
307,357
300,862
340,756
289,112
298,375
285,450
316,266
279,256
279,351
244,046
277,449
312,226
320,761
356,699
364,238
432,708
438,332
502,544
561,168
547,400
593,724
860,604
789,433
710,792
753,266
730,206
774,447
746,222
681,175
683,301
723,014
658,366

658,366

723,014

683,301

681,175

746,222

774,447

730,206

753,266

710,792

789,433

860,604

593,724

547,400

561,168

502,544

438,332

432,708

364,238

356,699

320,761

312,226

277,449

244,046

279,351

279,256

316,266

285,450

298,375

289,112

340,756

300,862

307,357

319,276

356,380

365,968

272,821

253,953

265,321

261,376

255,999

233,716

262,307

226,169

209,841

195,714

199,136

185,625

176,963

163,837

163,893

166,284

161,286

152,848

164,688

145,031

133,271

145,110

127,465

118,887

116,936

105,123

173,308

117,122

117,168

119,991

131,592

157,060

120,127

117,615

136,614

138,769

127,013

108,842

107,737

100,879

91,270

74,819

74,906

77,793

69,962

66,323

74,452

67,177

54,767

50,931

49,462

45,314

39,480

42,770

45,781

46,470

39,554

48,379

46,630

49,151

47,642

41,900

46,100

37,700

35,800

33,400

35,400

33,400

23,800

18,700

30,500

19,300

Short-term Debt

0
0
400
200
200
0
0
0
0
0
0
0
0
4,045
2,013
209
284
284
0
20,460
15,700
16,894
23,819
21,537
19,010
20,299
21,899
809
1,466
2,119
1,631
1,649
1,613
1,577
1,540
1,502
1,517
1,532
1,547
1,690
1,707
1,594
1,742
1,627
1,643
1,238
830
417
41,749
39,961
43,384
46,796
50,739
45,353
48,341
56,400
44,924
1,028
2,969
42
86
2,137
2,122
178
176
172
167
170
164
158
164
98,830
76,474
84,652
127,053
356
340
329
326
277
240
217
180
141
70,098
93,485
83,644
99,993
5,124
3,681
3,648
9,658
92,634
88,008
81,878
91,626
86,641
95,981
143,158
156,632
149,048
130,642
127,378
127,457
137,032
140,418
140,286
136,696
138,933

138,933

136,696

140,286

140,418

137,032

127,457

127,378

130,642

149,048

156,632

143,158

95,981

86,641

91,626

81,878

88,008

92,634

9,658

3,648

3,681

5,124

99,993

83,644

93,485

70,098

141

180

217

240

277

326

329

340

356

127,053

84,652

76,474

98,830

164

158

164

170

167

172

176

178

2,122

2,137

2,969

1,028

44,924

56,400

48,341

45,353

50,739

46,796

43,384

39,961

41,749

417

830

1,238

1,643

1,627

1,742

1,594

1,707

1,690

1,547

1,532

1,517

1,502

1,540

1,577

1,613

1,649

1,631

2,119

1,466

809

21,899

20,299

19,010

21,537

23,819

16,894

15,700

20,460

284

209

2,013

4,045

200

400

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
157
0
0
0
356
0
329
326
277
240
217
15,720
141
12,050
0
0
0
5,124
3,681
3,648
9,658
7,009
9,352
7,000
10,878
14,159
16,551
60,586
80,555
78,703
59,911
59,698
63,458
77,479
84,490
86,901
86,844
90,443

90,443

86,844

86,901

84,490

77,479

63,458

59,698

59,911

78,703

80,555

60,586

16,551

14,159

10,878

7,000

9,352

7,009

9,658

3,648

3,681

5,124

12,050

141

15,720

217

240

277

326

329

356

157

Accounts payable

0
0
2,400
3,100
3,500
4,600
6,300
9,700
7,800
9,200
7,800
10,300
8,700
9,346
9,420
12,565
12,177
11,976
12,736
12,709
12,376
11,569
10,651
10,867
10,739
13,459
20,397
21,578
20,331
20,826
25,778
27,476
26,178
34,868
41,641
38,151
40,700
46,825
65,433
54,484
44,350
51,456
50,032
54,425
52,441
53,391
51,802
48,950
36,799
53,218
49,971
44,368
47,550
53,151
55,834
49,295
53,638
62,206
61,552
55,470
62,490
67,278
60,755
71,314
82,826
80,553
87,689
109,020
105,723
109,654
101,313
103,181
113,671
126,122
164,486
155,411
161,905
135,704
133,162
150,711
134,482
130,537
111,856
122,083
133,408
119,589
98,486
114,378
152,532
169,099
182,551
177,786
174,707
191,505
217,831
253,338
266,038
278,629
420,510
305,565
273,289
302,912
259,016
264,553
272,196
259,463
283,686
282,081
267,623

267,623

282,081

283,686

259,463

272,196

264,553

259,016

302,912

273,289

305,565

420,510

278,629

266,038

253,338

217,831

191,505

174,707

177,786

182,551

169,099

152,532

114,378

98,486

119,589

133,408

122,083

111,856

130,537

134,482

150,711

133,162

135,704

161,905

155,411

164,486

126,122

113,671

103,181

101,313

109,654

105,723

109,020

87,689

80,553

82,826

71,314

60,755

67,278

62,490

55,470

61,552

62,206

53,638

49,295

55,834

53,151

47,550

44,368

49,971

53,218

36,799

48,950

51,802

53,391

52,441

54,425

50,032

51,456

44,350

54,484

65,433

46,825

40,700

38,151

41,641

34,868

26,178

27,476

25,778

20,826

20,331

21,578

20,397

13,459

10,739

10,867

10,651

11,569

12,376

12,709

12,736

11,976

12,177

12,565

9,420

9,346

8,700

10,300

7,800

9,200

7,800

9,700

6,300

4,600

3,500

3,100

2,400

Other Current Liabilities

0
0
16,500
27,200
15,000
19,200
27,100
25,700
25,600
26,600
29,900
35,800
33,200
34,251
37,718
33,856
35,918
11,142
33,734
1,856
6,030
5,286
4,388
4,119
7,363
4,929
2,734
29,709
22,989
26,616
25,043
24,586
25,614
28,097
29,164
35,186
28,310
31,221
26,436
26,026
23,294
25,645
60,368
36,995
28,446
29,388
30,654
104,265
5,134
4,406
3,708
14,124
14,543
4,448
5,471
923
1,000
50,940
56,654
60,479
45,231
48,283
60,129
65,804
50,311
63,044
72,304
99,980
73,748
93,145
102,452
7,432
7,702
6,951
10,843
122,971
80,155
90,895
97,072
116,076
89,725
104,088
105,916
122,320
12,565
13,534
11,177
11,896
117,339
108,766
129,549
133,450
122,611
112,613
154,092
164,549
136,414
157,639
228,090
228,648
176,877
197,642
237,015
295,291
240,793
214,498
194,507
243,760
188,778

188,778

243,760

194,507

214,498

240,793

295,291

237,015

197,642

176,877

228,648

228,090

157,639

136,414

164,549

154,092

112,613

122,611

133,450

129,549

108,766

117,339

11,896

11,177

13,534

12,565

122,320

105,916

104,088

89,725

116,076

97,072

90,895

80,155

122,971

10,843

6,951

7,702

7,432

102,452

93,145

73,748

99,980

72,304

63,044

50,311

65,804

60,129

48,283

45,231

60,479

56,654

50,940

1,000

923

5,471

4,448

14,543

14,124

3,708

4,406

5,134

104,265

30,654

29,388

28,446

36,995

60,368

25,645

23,294

26,026

26,436

31,221

28,310

35,186

29,164

28,097

25,614

24,586

25,043

26,616

22,989

29,709

2,734

4,929

7,363

4,119

4,388

5,286

6,030

1,856

33,734

11,142

35,918

33,856

37,718

34,251

33,200

35,800

29,900

26,600

25,600

25,700

27,100

19,200

15,000

27,200

16,500

> Long-term Liabilities

0
0
2,400
200
100
-100
0
400
400
500
1,500
1,400
1,500
3,347
2,541
1,340
1,165
653
643
520
458
397
2,181
499
518
414
534
7,291
9,366
13,631
16,563
16,293
16,711
19,327
19,618
20,871
22,960
24,663
18,385
16,988
15,335
15,113
12,452
23,472
23,521
24,222
22,806
9,932
8,529
9,457
11,184
8,641
11,901
21,771
23,847
24,264
26,719
28,742
27,809
26,929
28,652
28,148
36,262
45,051
48,485
41,328
41,916
66,163
71,372
69,344
72,202
79,490
79,858
93,911
269,279
308,092
343,517
372,015
291,710
254,923
244,853
194,701
107,954
88,628
114,622
84,821
101,266
98,132
239,697
199,374
119,308
133,293
258,078
383,606
365,495
221,715
220,522
477,766
2,056,542
1,849,203
1,942,650
1,800,214
1,806,155
1,668,896
1,907,686
1,615,959
1,627,030
1,594,948
1,640,689

1,640,689

1,594,948

1,627,030

1,615,959

1,907,686

1,668,896

1,806,155

1,800,214

1,942,650

1,849,203

2,056,542

477,766

220,522

221,715

365,495

383,606

258,078

133,293

119,308

199,374

239,697

98,132

101,266

84,821

114,622

88,628

107,954

194,701

244,853

254,923

291,710

372,015

343,517

308,092

269,279

93,911

79,858

79,490

72,202

69,344

71,372

66,163

41,916

41,328

48,485

45,051

36,262

28,148

28,652

26,929

27,809

28,742

26,719

24,264

23,847

21,771

11,901

8,641

11,184

9,457

8,529

9,932

22,806

24,222

23,521

23,472

12,452

15,113

15,335

16,988

18,385

24,663

22,960

20,871

19,618

19,327

16,711

16,293

16,563

13,631

9,366

7,291

534

414

518

499

2,181

397

458

520

643

653

1,165

1,340

2,541

3,347

1,500

1,400

1,500

500

400

-100

100

200

2,400

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
1,452
1,802
1,794
1,654
1,632
1,625
1,538
1,558
1,494
1,420
1,333
1,319
1,229
1,149
1,150
0
0
0
166,844
210,618
244,955
286,017
210,683
165,338
150,292
115,559
15,540
527
12,050
0
0
0
120,321
75,295
268
0
0
150,155
145,161
18,017
18,481
250,601
1,633,135
1,429,137
1,515,089
1,387,386
1,423,276
1,292,483
1,486,975
1,205,028
1,223,133
0
0

1,223,133

1,205,028

1,486,975

1,292,483

1,423,276

1,387,386

1,515,089

1,429,137

1,633,135

250,601

18,481

18,017

145,161

150,155

268

75,295

120,321

12,050

527

15,540

115,559

150,292

165,338

210,683

286,017

244,955

210,618

166,844

1,150

1,149

1,229

1,319

1,333

1,420

1,494

1,558

1,538

1,625

1,632

1,654

1,794

1,802

1,452

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
425
453
676
732
778
812
789
1,369
833
1,249
1,167
1,179
566
590
1,567
0
0
0
0
0
11,077
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

11,077

1,567

590

566

1,179

1,167

1,249

833

1,369

789

812

778

732

676

453

425

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
3,347
2,541
785
625
582
643
520
458
397
2,181
499
518
414
534
725
497
432
137
419
298
164
0
40
0
0
0
0
0
0
0
10,143
12,319
11,470
10,996
9,932
8,529
9,457
8,972
8,398
11,658
18,172
19,936
17,907
19,343
19,608
18,191
13,330
14,497
15,387
17,926
33,109
38,668
24,369
23,872
48,485
70,143
68,195
54,087
57,047
62,205
77,981
85,892
82,315
83,031
78,651
75,270
72,772
71,830
68,592
67,683
67,995
76,658
84,821
101,266
98,132
119,376
124,079
119,040
133,293
136,458
124,112
117,098
99,687
106,363
117,041
305,066
298,295
307,907
306,158
289,844
290,238
301,630
288,974
0
302,432
0

302,432

288,974

301,630

290,238

289,844

306,158

307,907

298,295

305,066

117,041

106,363

99,687

117,098

124,112

136,458

133,293

119,040

124,079

119,376

98,132

101,266

84,821

76,658

67,995

67,683

68,592

71,830

72,772

75,270

78,651

83,031

82,315

85,892

77,981

62,205

57,047

54,087

68,195

70,143

48,485

23,872

24,369

38,668

33,109

17,926

15,387

14,497

13,330

18,191

19,608

19,343

17,907

19,936

18,172

11,658

8,398

8,972

9,457

8,529

9,932

10,996

11,470

12,319

10,143

164

298

419

137

432

497

725

534

414

518

499

2,181

397

458

520

643

582

625

785

2,541

3,347

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
21,144
22,729
23,825
23,403
25,117
24,584
32,947
41,675
45,154
38,055
38,743
63,265
47,155
43,226
64,443
72,408
72,991
87,585
94,183
88,748
89,231
76,795
72,433
80,832
85,650
70,402
83,292
78,995
84,340
65,703
84,045
59,874
81,386
83,682
79,458
18,921
84,642
79,852
78,834
63,391
69,721
75,120
37,020
36,486
249,157
243,771
43,723
47,732
248,233
244,785
254,508
45,372
0

45,372

254,508

244,785

248,233

47,732

43,723

243,771

249,157

36,486

37,020

75,120

69,721

63,391

78,834

79,852

84,642

18,921

79,458

83,682

81,386

59,874

84,045

65,703

84,340

78,995

83,292

70,402

85,650

80,832

72,433

76,795

89,231

88,748

94,183

87,585

72,991

72,408

64,443

43,226

47,155

63,265

38,743

38,055

45,154

41,675

32,947

24,584

25,117

23,403

23,825

22,729

21,144

> Total Stockholder Equity

0
0
69,200
66,100
68,700
73,100
78,500
84,700
151,300
159,400
167,300
175,500
184,000
193,216
202,119
208,933
218,224
230,067
281,785
301,414
316,521
320,961
315,719
302,129
305,951
306,399
312,538
333,277
358,324
362,868
372,428
373,548
381,090
388,919
396,582
405,954
410,377
417,464
401,751
404,899
396,463
399,559
395,134
409,400
272,566
284,879
297,035
275,706
256,416
261,630
283,106
297,128
303,064
319,202
325,500
338,789
357,177
382,590
395,974
374,457
391,922
410,723
429,699
451,106
461,706
493,191
490,973
529,508
539,112
571,636
588,502
555,962
557,729
587,372
638,052
614,842
609,148
659,291
701,906
749,081
759,265
819,721
885,612
940,085
1,001,108
1,062,580
1,051,859
1,083,867
1,114,597
1,164,957
1,214,444
1,247,792
1,299,005
1,138,468
1,194,947
1,241,819
1,298,311
1,369,905
1,453,447
1,480,329
1,528,426
1,554,216
1,521,562
1,549,371
1,581,007
1,601,722
1,632,853
1,667,835
1,717,806

1,717,806

1,667,835

1,632,853

1,601,722

1,581,007

1,549,371

1,521,562

1,554,216

1,528,426

1,480,329

1,453,447

1,369,905

1,298,311

1,241,819

1,194,947

1,138,468

1,299,005

1,247,792

1,214,444

1,164,957

1,114,597

1,083,867

1,051,859

1,062,580

1,001,108

940,085

885,612

819,721

759,265

749,081

701,906

659,291

609,148

614,842

638,052

587,372

557,729

555,962

588,502

571,636

539,112

529,508

490,973

493,191

461,706

451,106

429,699

410,723

391,922

374,457

395,974

382,590

357,177

338,789

325,500

319,202

303,064

297,128

283,106

261,630

256,416

275,706

297,035

284,879

272,566

409,400

395,134

399,559

396,463

404,899

401,751

417,464

410,377

405,954

396,582

388,919

381,090

373,548

372,428

362,868

358,324

333,277

312,538

306,399

305,951

302,129

315,719

320,961

316,521

301,414

281,785

230,067

218,224

208,933

202,119

193,216

184,000

175,500

167,300

159,400

151,300

84,700

78,500

73,100

68,700

66,100

69,200

Common Stock

0
0
0
0
0
0
0
0
0
0
0
130,500
131,100
132,013
132,378
133,082
133,701
135,680
176,177
185,658
189,577
186,935
169,297
144,156
137,823
131,109
128,170
146,219
161,952
156,982
156,839
147,966
146,164
146,663
146,346
150,883
149,345
149,425
153,639
156,349
159,250
161,929
173,485
175,209
305,398
309,450
311,143
328,323
330,834
332,462
334,590
338,739
341,819
345,591
349,098
352,696
360,198
367,739
374,267
377,579
385,101
389,477
395,441
395,967
403,706
407,685
411,444
415,271
419,803
425,648
430,642
429,857
433,922
438,373
442,135
446,132
450,572
455,441
460,409
461,679
466,656
472,075
478,120
475,592
481,261
487,385
491,852
487,539
492,938
498,269
503,184
498,433
504,184
511,023
517,200
513,959
520,357
528,205
535,990
532,411
543,032
550,228
557,656
557,978
562,679
572,632
581,338
577,898
585,278

585,278

577,898

581,338

572,632

562,679

557,978

557,656

550,228

543,032

532,411

535,990

528,205

520,357

513,959

517,200

511,023

504,184

498,433

503,184

498,269

492,938

487,539

491,852

487,385

481,261

475,592

478,120

472,075

466,656

461,679

460,409

455,441

450,572

446,132

442,135

438,373

433,922

429,857

430,642

425,648

419,803

415,271

411,444

407,685

403,706

395,967

395,441

389,477

385,101

377,579

374,267

367,739

360,198

352,696

349,098

345,591

341,819

338,739

334,590

332,462

330,834

328,323

311,143

309,450

305,398

175,209

173,485

161,929

159,250

156,349

153,639

149,425

149,345

150,883

146,346

146,663

146,164

147,966

156,839

156,982

161,952

146,219

128,170

131,109

137,823

144,156

169,297

186,935

189,577

185,658

176,177

135,680

133,701

133,082

132,378

132,013

131,100

130,500

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
346,253
361,755
375,800
401,248
415,761
426,828
444,100
464,545
482,645
511,116
79,311
106,250
114,407
139,448
144,954
125,875
134,057
169,802
208,404
188,611
183,063
228,834
275,846
323,571
338,460
387,881
441,795
492,112
547,151
599,630
594,901
633,281
664,332
705,824
752,370
0
833,308
677,561
724,431
770,498
813,669
876,645
953,488
987,826
1,022,158
1,030,086
995,897
1,025,354
1,048,034
1,062,393
1,075,826
0
0

1,075,826

1,062,393

1,048,034

1,025,354

995,897

1,030,086

1,022,158

987,826

953,488

876,645

813,669

770,498

724,431

677,561

833,308

752,370

705,824

664,332

633,281

594,901

599,630

547,151

492,112

441,795

387,881

338,460

323,571

275,846

228,834

183,063

188,611

208,404

169,802

134,057

125,875

144,954

139,448

114,407

106,250

79,311

511,116

482,645

464,545

444,100

426,828

415,761

401,248

375,800

361,755

346,253

Accumulated Other Comprehensive Income

0
0
-1,300
-1,300
-1,400
-1,800
-4,200
-4,500
-4,800
-5,700
-5,800
-300
-7,000
-264
-324
-26
-16
-13
-14
-18
-65
-50
16
24
19
42
-34
-95
70
77
-150
-345
-50
-89
-97
-522
-1,321
-1,038
-1,514
-916
300
528
1,138
1,730
1,603
2,089
3,012
5,536
-1,139
-1,771
4,694
8,268
9,351
11,007
6,673
14,530
18,459
20,918
23,154
12,480
16,711
20,069
15,949
20,240
19,637
18,672
218
7,987
4,902
6,540
12,906
230
-10,250
-20,803
-12,487
-22,365
-24,487
-24,984
-34,349
-36,169
-45,851
-40,235
-34,303
-27,619
-27,304
-24,435
-34,894
-36,953
-42,673
-39,136
-41,110
-45,380
-38,487
-50,116
-46,684
-42,638
-35,715
-34,945
-36,031
-39,908
-36,764
-26,098
-31,991
-33,961
-29,706
-33,303
-24,311
-27,615
-30,588

-30,588

-27,615

-24,311

-33,303

-29,706

-33,961

-31,991

-26,098

-36,764

-39,908

-36,031

-34,945

-35,715

-42,638

-46,684

-50,116

-38,487

-45,380

-41,110

-39,136

-42,673

-36,953

-34,894

-24,435

-27,304

-27,619

-34,303

-40,235

-45,851

-36,169

-34,349

-24,984

-24,487

-22,365

-12,487

-20,803

-10,250

230

12,906

6,540

4,902

7,987

218

18,672

19,637

20,240

15,949

20,069

16,711

12,480

23,154

20,918

18,459

14,530

6,673

11,007

9,351

8,268

4,694

-1,771

-1,139

5,536

3,012

2,089

1,603

1,730

1,138

528

300

-916

-1,514

-1,038

-1,321

-522

-97

-89

-50

-345

-150

-95

-34

-50

-65

-18

-14

-13

-16

-26

-324

-264

-7,000

-300

-5,800

-5,700

-4,800

-4,500

-4,200

-1,800

-1,400

-1,300

Capital Surplus

Treasury Stock

-444,282

-429,646

-425,791

-425,651

-416,850

-377,247

-367,822

-367,733

-359,366

-341,664

-333,657

-327,810

-319,149

-319,146

-319,149

-312,338

-289,103

-275,025

Other Stockholders Equity

0
0
73,800
68,000
68,100
68,600
87,100
71,000
132,500
135,500
136,100
6,300
7,000
7,529
7,874
8,308
9,580
10,007
10,969
11,072
11,696
12,187
13,583
14,230
15,450
16,856
18,043
20,100
22,051
23,834
25,248
26,638
28,672
30,317
31,333
478
-321
-38
154,125
156,433
199,181
161,929
173,623
174,938
29,976
34,425
36,130
38,756
18,357
-318,920
-319,452
19,858
14,360
11,934
7,107
-7,140
-7,076
-83
-2,826
-38,791
-425,940
-36,174
-30,401
-33,439
-444,645
-444,610
218
-13
-98
-460
-94
134,492
-250
197
-487
-365
-487
16
-349
-169
149
-235
-303
381
-304
-435
106
47
327
-136
-110
-380
-487
-116
316
362
285
-34,945
-36,031
-39,908
-36,764
-26,098
-31,991
-33,961
-29,706
-33,303
-24,311
-27,615
0

-27,615

-24,311

-33,303

-29,706

-33,961

-31,991

-26,098

-36,764

-39,908

-36,031

-34,945

285

362

316

-116

-487

-380

-110

-136

327

106

-435

-304

381

-303

-235

149

-169

-349

-487

-365

-487

197

-250

134,492

-94

-460

-98

-13

218

-444,610

-444,645

-33,439

-30,401

-36,174

-425,940

-38,791

-2,826

-83

-7,076

-7,140

7,107

11,934

14,360

19,858

-319,452

-318,920

18,357

38,756

36,130

34,425

29,976

174,938

173,623

161,929

199,181

156,433

154,125

-38

-321

478

31,333

30,317

28,672

26,638

25,248

23,834

22,051

20,100

18,043

16,856

15,450

14,230

13,583

12,187

11,696

11,072

10,969

10,007

9,580

8,308

7,874

7,529

7,000

6,300

136,100

135,500

132,500

71,000

87,100

68,600

68,100

68,000

73,800

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Accounts Payable	282,081	264,553	305,565	253,338	177,786	114,378	122,083	150,711	155,411	103,181	109,020	71,314	55,470	49,200	44,368	48,950	54,425	54,484	38,151	27,476	21,578	10,867	12,709	12,565	10,300	9,700	3,100	2,000
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
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
Accumulated Other Comprehensive Income	-27,615	-33,961	-39,908	-42,638	-45,380	-36,953	-27,619	-36,169	-22,365	230	7,987	20,240	12,480	14,530	8,268	5,536	1,730	-916	-522	-345	-95	24	-18	-26	-300	-4,500	-1,300	-1,100
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
Capital Lease Obligations	179,219	150,174	197,848	184,759	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	577,898	557,978	532,411	513,959	498,433	487,539	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	65,405	40,658	135,061	71,737	105,565	349,245	166,252	66,199	74,672	158,112	125,617	189,312	172,950	155,321	87,815	120,628	70,472	39,545	59,073	91,854	117,372	94,965	114,108	36,975	61,600	19,400	11,000	2,300
Cash And Equivalents	0	40,658	135,061	71,737	105,565	349,245	166,252	66,199	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	65,405	40,658	135,061	71,737	105,565	369,509	166,252	66,199	74,672	158,112	125,617	189,312	172,950	155,321	87,815	120,628	196,682	156,860	178,363	139,254	117,512	95,125	115,340	38,334	98,800	19,400	11,000	2,300
Common Stock	577,898	557,978	532,411	513,959	498,433	487,539	475,592	461,679	446,132	429,857	415,271	395,967	377,579	352,696	338,739	328,323	175,209	156,349	150,883	147,966	146,219	144,156	185,658	133,082	130,500	0	0	0
Common Stock Shares Outstanding	61,450	61,969	62,365	63,322	64,820	65,932	66,065	66,229	67,275	69,087	69,893	69,611	71,062	71,860	71,544	77,220	87,480	87,284	86,612	88,056	85,340	93,148	90,048	85,696	83,564	73,184	58,462	50,213
Common Stock Total Equity	0	557,978	532,411	513,959	498,433	487,539	475,592	461,679	446,132	429,857	415,271	395,967	377,579	0	0	0	0	0	150,883	147,966	146,219	144,156	185,658	133,082	130,500	0	0	0
Current Deferred Revenue	60,477	87,146	98,588	51,655	43,344	51,182	71,722	73,692	77,642	55,878	53,137	61,840	47,902	58,070	22,177	19,676	38,545	54,414	32,898	21,195	22,356	12,939	10,756	0	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	1,179	1,369	732	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Long Term Liab	45,372	47,732	36,486	63,391	18,921	59,874	78,995	80,832	88,748	72,408	63,265	41,675	23,403	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
Good Will	1,779,215	1,779,415	1,774,406	593,129	584,469	399,882	402,976	397,558	376,302	170,626	171,867	112,032	71,323	71,251	61,029	60,659	86,086	86,688	86,832	84,886	81,757	68,812	49,818	52,586	0	0	0	0
Intangible Assets	811,459	863,644	922,036	183,926	211,619	110,464	125,517	139,166	134,841	78,973	82,495	52,720	5,651	32,493	21,424	17,824	3,603	39,645	94,588	94,693	88,969	6,540	49,818	52,586	8,300	0	0	0
Inventory	0	0	-5,413	-2,075	-20,805	0	0	0	0	0	0	0	0	0	36,558	31,506	0	0	0	0	0	0	5,483	0	0	0	0	0
Liabilities And Stockholders Equity	3,985,797	3,992,714	4,118,965	2,024,702	1,745,732	1,462,000	1,350,662	1,348,819	1,282,635	900,996	857,978	695,293	565,279	527,741	433,234	458,946	564,464	558,501	534,562	464,747	415,020	352,090	347,715	256,903	223,000	120,500	96,800	35,500
Long Term Debt	1,163,149	1,292,483	1,429,137	18,017	0	374	527	165,338	210,618	1,060	1,319	1,558	1,654	1,411	0	0	417	2,044	3,606	5,108	3,821	0	0	555	0	0	0	0
Long Term Debt Total	0	1,292,483	1,429,137	18,017	0	0	527	165,338	210,618	0	1,319	1,558	1,654	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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
Net Debt	1,363,807	1,465,457	1,572,479	141,917	-95,907	-349,245	-165,584	99,416	136,302	-158,112	-124,128	-187,576	-171,254	-153,910	-87,815	-120,211	-68,428	-35,811	-53,965	-85,097	-112,742	-94,965	-114,108	-36,211	-61,000	-18,900	-10,800	-2,300
Net Invested Capital	2,917,828	2,905,312	2,990,021	1,270,714	1,257,450	1,083,867	940,753	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	843,429	809,268	840,232	788,278	621,379	395,128	435,341	498,063	427,106	289,567	292,956	187,044	154,070	153,505	149,500	160,260	175,162	210,130	168,251	154,114	144,134	133,176	118,988	129,764	92,100	78,300	39,300	25,400
Net Tangible Assets	-922,839	-1,093,688	-1,216,113	464,764	451,704	573,521	411,592	212,357	101,235	306,363	275,146	286,354	270,867	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Working Capital	332,452	257,866	290,061	371,390	425,187	531,183	340,976	280,224	224,519	267,139	227,292	249,548	227,383	191,461	164,646	151,779	267,145	247,066	248,340	229,514	201,320	185,962	214,466	127,812	150,500	77,000	62,600	22,700
Non Current Assets Total	2,930,331	2,960,401	3,039,471	1,092,144	956,307	653,368	693,420	727,839	699,272	368,536	368,379	246,609	174,003	171,592	141,123	133,859	165,727	174,821	178,485	160,327	139,248	116,666	87,468	82,461	26,400	8,100	3,700	3,300
Non Current Liabilities Other	13,253	22,515	56,252	112,996	20,313	38,258	9,106	8,753	8,726	7,082	1,579	1,818	1,872	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Current Liabilities Total	1,594,948	1,668,896	1,849,203	221,715	133,293	98,132	88,628	254,923	308,092	79,490	66,163	45,051	26,929	24,264	8,641	9,932	23,472	16,988	20,871	16,293	7,291	499	520	1,340	1,400	400	200	16,800
Non Currrent Assets Other	46,147	95,829	16,839	11,584	8,615	9,959	10,739	9,413	11,863	9,519	10,496	3,186	1,917	10,423	5,178	10,449	40,137	15,059	52,741	39,941	24,062	15,908	14,385	11,151	3,400	3,600	800	700
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	2,552	5,683	4,059	3,321	223	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Assets	105,870	132,199	101,053	71,209	60,630	65,478	63,276	59,546	60,678	38,691	36,307	23,059	18,673	15,875	11,184	20,045	10,597	12,359	23,488	35,441	24,062	15,908	17,111	11,151	0	0	0	0
Other Current Assets	146,632	182,387	109,614	74,618	83,286	43,995	55,649	56,718	79,121	84,781	71,026	72,328	64,256	47,323	18,238	12,693	26,893	16,690	9,463	11,052	14,126	7,123	20,436	6,344	5,700	14,700	42,800	4,500
Other Current Liab	243,760	295,291	228,648	164,549	133,450	11,896	122,320	116,076	122,971	7,432	99,980	65,804	60,479	1,557	14,124	104,265	36,995	26,026	35,186	24,586	29,709	4,119	1,856	33,856	35,800	25,700	27,200	7,500
Other Liab	302,432	290,238	298,295	99,687	133,062	98,132	88,628	89,585	88,861	57,047	48,485	33,109	13,330	17,907	8,398	9,932	10,143	0	40	419	725	499	520	785	0	0	0	0
Other Stockholder Equity	-27,615	-33,961	-39,908	362	-380	47	381	-169	-365	134,492	-13	-33,439	-38,791	-7,140	19,858	38,756	174,938	156,433	478	26,638	20,100	14,230	11,072	8,308	6,300	71,000	68,000	1,100
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
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
Property Plant And Equipment Gross	202,760	185,143	241,976	243,880	99,589	77,544	101,651	131,569	137,830	80,246	77,710	58,798	78,356	48,873	45,286	33,994	35,901	33,429	31,156	25,693	26,217	25,406	20,539	18,724	14,700	4,500	2,900	2,600
Property Plant And Equipment Net	202,760	185,143	241,976	243,880	99,589	77,544	101,651	131,569	137,830	80,246	77,710	58,798	78,356	48,873	45,286	33,994	35,901	33,429	31,156	25,693	26,217	25,406	20,539	18,724	14,700	4,500	2,900	2,600
Property Plant Equipment	202,760	185,143	241,976	66,721	99,589	77,544	101,651	131,569	137,830	80,246	77,710	58,798	51,740	48,873	45,286	33,994	35,901	33,429	31,156	25,693	26,217	25,406	20,539	18,724	0	0	0	0
Retained Earnings	1,117,552	1,025,354	987,826	770,498	794,739	633,281	492,112	323,571	188,611	125,875	106,250	464,545	401,248	330,929	269,270	230,950	232,462	249,466	255,593	225,927	187,153	157,949	115,774	75,877	45,200	18,200	-600	9,200
Retained Earnings Total Equity	0	1,025,354	987,826	770,498	0	633,281	492,112	323,571	188,611	125,875	106,250	464,545	401,248	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt	86,844	63,458	80,555	10,878	9,658	136	141	277	356	157	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short Long Term Debt Total	1,429,212	1,506,115	1,707,540	213,654	9,658	0	668	165,615	210,974	0	1,489	1,736	1,696	1,411	0	417	2,044	3,734	5,108	6,757	4,630	0	0	764	600	500	200	0
Short Term Debt	136,696	127,457	156,632	91,626	9,658	99,993	141	277	356	98,830	170	178	42	55,861	46,796	417	1,627	1,690	1,502	1,649	809	21,537	20,460	209	0	0	200	0
Short Term Investments	0	0	0	0	0	20,264	13,500	14,100	13,400	0	12,176	11,593	4,839	4,182	3,919	329	126,210	117,315	119,290	47,400	140	160	1,232	1,359	37,200	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
Total Assets	3,985,797	3,992,714	4,118,965	2,024,702	1,745,732	1,462,000	1,350,662	1,348,819	1,280,171	900,996	857,978	695,293	565,279	527,741	433,234	458,946	564,464	558,501	534,562	464,747	415,020	352,090	347,715	256,903	223,000	120,500	96,800	35,500
Total Current Assets	1,055,466	1,032,313	1,079,494	932,558	789,425	808,632	657,242	620,980	580,899	532,460	489,599	448,684	391,276	356,149	292,111	325,087	398,737	383,680	356,077	304,420	275,772	235,424	260,247	174,442	196,600	112,400	93,100	32,200
Total Current Liabilities	723,014	774,447	789,433	561,168	364,238	277,449	316,266	340,756	356,380	265,321	262,307	199,136	163,893	164,688	127,465	173,308	131,592	136,614	107,737	74,906	74,452	49,462	45,781	46,630	46,100	35,400	30,500	9,500
Total Liab	2,317,962	2,443,343	2,638,636	782,883	497,531	375,581	404,894	595,679	664,472	344,811	328,470	244,187	190,822	188,952	136,106	183,240	155,064	153,602	128,608	91,199	81,743	49,961	46,301	47,970	47,500	35,800	30,700	26,300
Total Permanent Equity	0	0	0	0	0	1,086,419	945,768	753,140	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	1,667,835	1,549,371	1,480,329	1,241,819	1,247,792	1,083,867	940,085	749,081	614,842	555,962	529,508	451,106	374,457	338,789	297,128	275,706	409,400	404,899	405,954	373,548	333,277	302,129	301,414	208,933	175,500	84,700	66,100	9,200
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	-429,646	-416,850	-359,366	-319,149	-289,103	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

	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
Accounts Payable	267,623	282,081	283,686	259,463	272,196	264,553	259,016	302,912	273,289	305,565	420,510	278,629	266,038	253,338	217,831	191,505	174,707	177,786	182,551	169,099	152,532	114,378	98,486	119,589	133,408	122,083	111,856	130,537	134,482	150,711	133,162	135,704	161,905	155,411	164,486	126,122	113,671	103,181	101,313	109,654	105,723	109,020	87,689	80,553	82,826	71,314	60,755	67,278	62,490	55,470	61,552	62,206	53,638	49,295	55,834	53,151	47,550	44,368	49,971	53,218	36,799	48,950	51,802	53,391	52,441	54,425	50,032	51,456	44,350	54,484	65,433	46,825	40,700	38,151	41,641	34,868	26,178	27,476	25,778	20,826	20,331	21,578	20,397	13,459	10,739	10,867	10,651	11,569	12,376	12,709	12,736	11,976	12,177	12,565	9,420	9,346	8,700	10,300	7,800	9,200	7,800	9,700	6,300	4,600	3,500	3,100	2,400	-	-
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	-	-	-
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	-71,335	-70,918	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	0	0	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	-30,588	-27,615	-24,311	-33,303	-29,706	-33,961	-31,991	-26,098	-36,764	-39,908	-36,031	-34,945	-35,715	-42,638	-46,684	-50,116	-38,487	-45,380	-41,110	-39,136	-42,673	-36,953	-34,894	-24,435	-27,304	-27,619	-34,303	-40,235	-45,851	-36,169	-34,349	-24,984	-24,487	-22,365	-12,487	-20,803	-10,250	230	12,906	6,540	4,902	7,987	218	18,672	19,637	20,240	15,949	20,069	16,711	12,480	23,154	20,918	18,459	14,530	6,673	11,007	9,351	8,268	4,694	-1,771	-1,139	5,536	3,012	2,089	1,603	1,730	1,138	528	300	-916	-1,514	-1,038	-1,321	-522	-97	-89	-50	-345	-150	77	70	-95	-34	42	19	24	16	-50	-65	-18	-14	-13	-16	-26	-324	-264	-7,000	-300	-5,800	-5,700	-4,800	-4,500	-4,200	-1,800	-1,400	-1,300	-1,300	-	-
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	-	-	-
Capital Lease Obligations	167,084	179,219	174,151	177,885	178,634	150,174	160,715	177,401	189,999	197,848	200,913	189,554	168,160	184,759	178,114	187,995	207,245	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	585,278	577,898	581,338	572,632	562,679	557,978	557,656	550,228	543,032	532,411	535,990	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Capital Surpluse	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Cash	104,186	65,405	35,007	56,344	63,050	40,658	93,748	92,638	181,790	135,061	96,110	101,683	132,597	71,737	81,548	126,257	149,515	105,565	71,084	46,799	54,736	349,245	229,021	253,227	196,905	166,252	104,378	94,862	69,767	66,199	50,609	60,783	50,958	74,672	81,877	114,535	149,196	158,112	182,942	131,323	120,584	125,617	187,911	187,343	167,138	189,312	168,900	229,537	191,048	172,950	204,016	183,155	177,004	155,321	153,059	121,362	126,940	87,815	91,666	85,090	61,461	120,628	77,944	63,420	62,279	70,472	91,105	42,871	21,964	39,545	32,732	38,436	36,707	59,073	64,978	78,173	94,557	91,854	131,611	138,414	143,431	117,372	89,501	92,623	84,235	94,965	111,047	113,859	94,705	114,108	91,804	46,994	29,500	36,975	37,770	46,511	59,300	61,600	27,000	24,700	18,900	19,400	20,000	14,700	10,600	11,000	6,600	-	-
Cash And Equivalents	0	0	35,007	56,344	63,050	40,658	93,748	92,638	181,790	135,061	96,110	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	104,186	65,405	35,007	56,344	63,050	40,658	93,748	92,638	181,790	135,061	96,110	101,683	132,597	71,737	81,548	126,257	149,515	105,565	71,084	46,799	54,736	369,509	249,187	253,227	196,905	166,252	104,378	94,862	69,767	66,199	50,609	60,783	50,958	74,672	81,877	114,535	149,196	158,112	182,942	131,323	120,584	125,617	187,911	187,343	167,138	189,312	168,900	229,537	191,048	172,950	204,016	183,155	177,004	155,321	153,059	121,362	126,940	87,815	91,666	85,090	61,461	120,628	77,944	63,420	62,329	196,682	214,842	177,280	163,775	156,860	170,447	175,101	172,372	178,363	163,593	161,263	142,307	139,254	131,611	138,414	143,431	117,512	89,641	92,763	84,395	95,125	111,207	114,019	119,929	115,340	93,034	48,344	29,706	38,334	48,634	73,052	93,200	98,800	27,000	24,700	18,900	19,400	20,000	14,700	10,600	11,000	6,600	-	-
Common Stock	585,278	577,898	581,338	572,632	562,679	557,978	557,656	550,228	543,032	532,411	535,990	528,205	520,357	513,959	517,200	511,023	504,184	498,433	503,184	498,269	492,938	487,539	491,852	487,385	481,261	475,592	478,120	472,075	466,656	461,679	460,409	455,441	450,572	446,132	442,135	438,373	433,922	429,857	430,642	425,648	419,803	415,271	411,444	407,685	403,706	395,967	395,441	389,477	385,101	377,579	374,267	367,739	360,198	352,696	349,098	345,591	341,819	338,739	334,590	332,462	330,834	328,323	311,143	309,450	305,398	175,209	173,485	161,929	159,250	156,349	153,639	149,425	149,345	150,883	146,346	146,663	146,164	147,966	156,839	156,982	161,952	146,219	128,170	131,109	137,823	144,156	169,297	186,935	189,577	185,658	176,177	135,680	133,701	133,082	132,378	132,013	131,100	130,500	0	0	0	0	0	0	0	0	-	-	-
Common Stock Shares Outstanding	61,535	61,617	61,544	61,383	61,196	61,292	61,756	62,381	62,445	62,506	62,453	62,294	62,135	62,256	62,102	64,125	64,758	64,848	64,759	64,643	64,977	65,402	65,925	66,268	66,177	66,171	66,082	65,947	66,020	66,294	66,194	66,079	66,288	67,133	67,098	66,987	66,898	65,935	69,031	69,307	69,762	69,950	69,867	69,909	69,752	68,162	69,736	69,456	69,114	67,326	71,606	71,148	70,840	68,720	72,016	71,920	72,156	70,380	71,356	71,004	71,824	71,208	75,276	75,052	83,416	82,024	87,992	87,888	86,360	86,360	85,888	87,552	87,632	85,728	86,396	86,448	86,204	85,228	88,284	89,048	87,732	85,512	84,060	85,316	85,968	84,896	92,904	95,400	96,068	92,404	89,520	88,084	86,460	84,580	85,288	86,140	85,292	84,004	82,924	81,868	77,241	73,333	71,304	72,000	66,667	65,000	30,000	30,000	30,000
Common Stock Total Equity	0	0	581,338	572,632	562,679	557,978	557,656	550,228	543,032	532,411	535,990	528,205	520,357	513,959	517,200	511,023	504,184	498,433	503,184	498,269	492,938	487,539	491,852	487,385	481,261	475,592	478,120	472,075	466,656	461,679	460,409	455,441	450,572	446,132	442,135	438,373	433,922	429,857	430,642	425,648	419,803	415,271	411,444	407,685	403,706	395,967	395,441	389,477	385,101	377,579	374,267	367,739	360,198	0	0	0	0	0	334,590	332,462	0	0	0	0	0	0	0	0	0	0	0	149,425	149,345	150,883	146,346	146,663	146,164	147,966	156,839	156,982	161,952	146,219	128,170	131,109	137,823	144,156	169,297	186,935	189,577	185,658	176,177	135,680	133,701	133,082	132,378	132,013	131,100	130,500	0	0	0	0	0	0	0	0	-	-	-
Current Deferred Revenue	63,032	60,477	64,822	66,796	96,201	87,146	106,797	122,070	111,578	98,588	68,846	61,475	58,307	51,655	48,743	46,206	42,756	43,344	40,951	39,215	37,231	51,182	50,739	52,743	63,185	71,722	67,498	63,533	64,665	73,692	70,302	80,429	76,876	77,642	63,586	55,096	56,106	55,878	57,447	53,042	54,081	53,137	66,009	66,072	62,401	61,840	62,619	59,265	56,030	47,902	45,109	47,112	53,286	58,070	35,385	30,319	32,278	22,177	21,824	19,351	21,441	19,676	33,836	33,151	37,461	38,545	44,918	41,432	48,264	54,414	45,353	47,435	38,315	32,898	28,534	26,728	21,414	21,195	25,341	20,401	21,537	22,356	22,147	16,080	13,819	12,939	6,456	5,731	8,664	10,756	0	16,152	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	11,077	0	0	0	0	0	1,567	590	566	1,179	1,167	1,249	833	1,369	789	812	778	732	676	453	425	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	45,372	254,508	244,785	248,233	47,732	43,723	243,771	249,157	36,486	37,020	75,120	69,721	63,391	78,834	79,852	84,642	18,921	79,458	83,682	81,386	59,874	84,045	65,703	84,340	78,995	83,292	70,402	85,650	80,832	72,433	76,795	89,231	88,748	94,183	87,585	72,991	72,408	64,443	43,226	47,155	63,265	38,743	38,055	45,154	41,675	32,947	24,584	25,117	23,403	23,825	22,729	21,144	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-
Good Will	1,781,092	1,779,215	1,780,884	1,780,200	1,783,239	1,779,415	1,783,870	1,780,370	1,776,239	1,774,406	1,757,795	899,796	595,927	593,129	586,757	585,772	586,659	584,469	583,703	587,751	585,735	399,882	400,904	405,082	403,261	402,976	397,386	395,011	393,480	397,558	398,929	401,152	387,118	376,302	379,895	162,214	166,470	170,626	175,471	173,191	172,216	171,867	109,295	111,670	112,021	112,032	104,697	72,705	72,020	71,323	73,252	72,832	72,189	71,251	67,806	69,067	61,364	61,029	61,288	58,763	58,976	60,659	83,576	86,086	86,086	86,086	86,086	86,019	86,019	86,688	86,832	86,832	86,832	86,832	85,537	85,537	85,143	84,886	84,710	82,742	82,358	81,757	80,574	71,291	70,781	68,812	60,559	53,059	48,959	49,818	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Intangible Assets	805,692	811,459	815,963	822,587	847,784	863,644	877,657	894,441	912,110	922,036	938,226	285,814	180,918	183,926	186,562	194,837	204,013	211,619	216,726	220,586	227,326	110,464	113,072	116,710	120,767	125,517	126,857	129,209	132,981	139,166	143,949	148,765	130,340	134,841	141,408	69,342	74,295	78,973	83,599	84,516	82,008	82,495	57,702	55,248	53,433	52,720	53,190	31,943	31,871	5,651	33,998	33,943	45,926	32,493	30,909	30,943	24,116	21,424	19,620	19,139	17,194	17,824	32,166	32,010	40,219	3,603	34,089	35,268	36,588	39,645	32,342	32,093	94,079	94,588	93,802	94,316	94,436	94,693	94,999	89,306	89,246	88,969	88,110	77,938	77,701	6,540	2,666	53,405	49,555	49,818	50,455	49,815	51,194	52,586	54,294	32,543	12,600	8,300	6,800	2,600	0	0	0	0	0	0	-	-	-
Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	33,527	31,158	34,949	36,558	0	28,839	31,487	31,506	19,467	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	8,118	5,483	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Liabilities And Stockholders Equity	4,016,861	3,985,797	3,943,184	3,898,856	4,234,915	3,992,714	4,057,923	4,107,696	4,181,868	4,118,965	4,370,593	2,441,395	2,066,233	2,024,702	2,062,986	1,960,406	1,989,791	1,745,732	1,690,906	1,687,716	1,669,302	1,462,000	1,401,059	1,430,500	1,401,530	1,350,662	1,283,495	1,316,486	1,296,337	1,348,819	1,298,093	1,342,813	1,275,535	1,282,635	1,275,645	954,961	892,252	900,996	922,080	896,979	844,200	857,978	759,058	744,360	705,905	695,293	651,586	615,834	584,411	565,279	590,067	572,618	536,744	527,741	494,378	474,244	460,075	433,234	413,177	388,023	370,068	458,946	436,963	426,269	416,078	564,464	564,646	534,799	529,413	558,501	558,905	569,140	542,179	534,562	517,079	499,516	472,620	464,747	466,784	446,461	434,013	415,020	380,249	361,580	357,400	352,090	363,214	360,838	359,749	347,715	328,898	270,274	267,768	256,903	253,811	244,205	227,400	223,000	206,500	195,700	185,100	120,500	111,900	96,800	87,500	96,800	90,900	-	-
Long Term Debt	1,222,243	1,163,149	1,223,133	1,205,028	1,486,975	1,292,483	1,423,276	1,387,386	1,515,089	1,429,137	1,633,135	250,601	18,481	18,017	145,161	150,155	0	0	268	75,295	120,321	374	0	0	12,050	527	15,540	115,559	150,292	165,338	210,683	286,017	244,955	210,618	166,844	0	0	1,060	1,150	1,149	1,229	1,319	1,333	1,420	1,494	1,558	1,538	1,625	1,632	1,654	1,794	1,802	1,452	1,411	1,187	885	0	0	0	0	0	0	0	0	0	417	698	1,239	1,643	2,044	2,440	2,833	3,221	3,606	3,988	4,365	4,738	5,108	5,527	5,436	5,680	3,821	0	0	0	0	0	0	0	0	0	71	540	555	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Long Term Debt Total	0	0	1,223,133	1,205,028	1,486,975	1,292,483	1,423,276	1,387,386	1,515,089	1,429,137	1,633,135	250,601	18,481	18,017	145,161	150,155	0	0	268	75,295	120,321	0	0	0	12,050	527	15,540	115,559	150,292	165,338	210,683	286,017	244,955	210,618	166,844	0	0	0	1,150	1,149	1,229	1,319	1,333	1,420	1,494	1,558	1,538	1,625	1,632	1,654	1,794	1,802	1,452	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-
Net Debt	1,375,584	1,363,807	1,449,178	1,411,059	1,680,038	1,465,457	1,549,941	1,532,060	1,602,001	1,572,479	1,798,524	355,023	68,203	141,917	248,727	221,245	64,739	-95,907	-67,168	32,177	70,709	-349,245	-229,021	-253,227	-184,855	-165,584	-88,658	20,914	80,765	99,416	160,400	225,563	194,337	136,302	84,967	-114,535	-149,196	-157,012	-181,628	-130,016	-119,191	-124,128	-186,411	-185,751	-165,468	-187,576	-164,850	-225,374	-189,330	-171,254	-198,847	-177,965	-175,552	-153,910	-151,872	-120,477	-126,940	-87,815	-91,666	-85,090	-61,461	-120,211	-77,114	-62,182	-60,636	-68,428	-88,665	-40,038	-18,614	-35,811	-28,745	-34,071	-31,969	-53,965	-59,450	-72,231	-88,206	-85,097	-124,453	-130,859	-136,285	-112,742	-89,501	-92,623	-84,235	-94,365	-111,047	-113,859	-94,705	-114,108	-91,804	-46,639	-28,676	-36,211	-35,757	-42,466	-58,800	-61,000	-25,500	-24,200	-18,400	-18,900	-20,000	-14,700	-10,400	-10,800	-6,200	-	-
Net Invested Capital	3,030,492	2,917,828	2,942,887	2,891,240	3,145,461	2,905,312	3,004,536	3,001,513	3,122,218	2,990,021	3,147,168	1,637,057	1,330,951	1,270,714	1,347,108	1,297,975	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	876,259	843,429	832,944	754,543	1,018,532	809,268	883,618	900,442	852,236	840,232	1,129,773	762,097	785,295	788,278	838,022	683,939	641,139	621,379	620,677	643,543	618,373	395,128	440,386	457,887	472,025	435,341	432,259	472,657	466,562	498,063	462,535	490,129	457,958	427,106	405,307	368,372	296,245	289,567	291,550	330,087	299,199	292,956	237,648	224,086	210,326	187,044	173,438	152,015	157,524	154,070	161,268	168,300	141,942	153,505	142,209	157,048	142,185	149,500	155,946	149,621	153,270	160,260	178,931	181,313	169,038	175,162	164,336	169,428	177,879	210,130	193,661	185,856	170,774	168,251	172,845	163,554	161,138	154,114	163,181	146,247	133,211	144,134	149,629	141,152	147,099	133,176	139,582	142,153	118,270	118,988	144,958	131,428	148,094	129,764	119,833	109,784	97,700	92,100	74,000	66,200	88,100	78,300	66,000	46,000	33,900	39,300	31,400	-	-
Net Tangible Assets	0	-922,839	-963,994	-1,001,065	-1,050,016	-1,093,688	-1,139,965	-1,120,595	-1,159,923	-1,216,113	-1,242,574	184,295	521,466	464,764	421,628	357,859	508,333	451,704	414,015	356,620	301,536	573,521	537,883	540,788	477,080	411,592	361,369	295,501	232,804	212,357	159,028	109,374	91,690	101,235	116,749	355,816	316,964	306,363	329,432	313,929	284,888	275,146	323,976	326,273	296,252	286,354	271,812	306,075	288,031	270,867	288,724	275,815	251,253	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	451,253	332,452	312,735	270,729	509,865	257,866	341,378	337,234	437,537	290,061	446,758	338,413	439,427	371,390	476,968	425,121	411,200	425,187	382,679	419,249	410,798	531,183	495,230	479,681	439,593	340,976	304,089	319,586	298,343	280,224	262,355	292,906	238,841	224,519	217,119	297,188	269,517	267,139	293,024	279,453	249,143	227,292	276,711	283,721	258,517	249,548	231,825	264,619	247,919	227,383	245,621	235,559	210,594	191,461	193,132	182,857	167,880	164,646	163,897	146,806	141,287	151,779	159,567	146,794	130,656	267,145	243,291	249,218	243,539	247,066	243,184	249,924	246,334	248,340	245,420	240,826	237,047	229,514	227,906	227,176	220,487	201,320	181,307	186,666	188,279	185,962	214,163	226,074	228,778	214,466	195,618	146,723	135,480	127,812	125,299	141,117	154,700	150,500	142,400	140,000	143,500	77,000	73,000	68,300	64,700	62,600	-	-	-
Non Current Assets Total	2,907,242	2,930,331	2,947,148	2,946,952	2,978,828	2,960,401	2,986,339	3,017,196	3,033,539	3,039,471	3,063,231	1,509,258	1,079,406	1,092,144	1,083,474	1,096,953	1,145,883	956,307	951,528	947,706	946,278	653,368	661,783	671,468	682,681	693,420	693,956	698,525	708,882	727,839	734,876	742,550	717,418	699,272	692,558	384,952	368,782	368,536	367,680	361,527	361,341	368,379	256,178	250,798	251,674	246,609	234,136	174,252	172,655	174,003	178,162	175,773	173,302	171,592	156,215	158,116	147,085	141,123	130,393	124,281	123,658	133,859	160,274	162,307	165,431	165,727	164,295	165,454	168,259	174,821	176,952	192,203	187,003	178,485	170,780	167,420	160,754	160,327	161,085	149,323	147,203	139,248	131,765	120,147	118,190	116,666	103,737	95,284	88,201	87,468	86,810	83,997	83,909	82,461	79,361	55,446	30,800	26,400	26,400	19,900	8,200	8,100	5,500	4,700	4,100	3,700	3,400	-	-
Non Current Liabilities Other	12,807	13,253	28,623	44,189	53,397	22,515	54,147	62,387	58,750	56,252	20,765	41,921	36,642	112,996	38,264	44,260	173,436	20,313	39,582	40,397	37,990	38,258	17,221	19,118	18,232	9,106	9,122	8,740	8,911	8,753	8,594	9,203	9,331	8,726	8,252	6,326	6,867	7,082	6,609	24,969	22,988	1,579	1,840	1,853	1,837	1,818	1,777	1,939	1,903	1,872	2,190	4,211	4,123	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,640,689	1,594,948	1,627,030	1,615,959	1,907,686	1,668,896	1,806,155	1,800,214	1,942,650	1,849,203	2,056,542	477,766	220,522	221,715	365,495	383,606	258,078	133,293	119,308	199,374	239,697	98,132	101,266	84,821	114,622	88,628	107,954	194,701	244,853	254,923	291,710	372,015	343,517	308,092	269,279	93,911	79,858	79,490	72,202	69,344	71,372	66,163	41,916	41,328	48,485	45,051	36,262	28,148	28,652	26,929	27,809	28,742	26,719	24,264	23,847	21,771	11,901	8,641	11,184	9,457	8,529	9,932	22,806	24,222	23,521	23,472	12,452	15,113	15,335	16,988	18,385	24,663	22,960	20,871	19,618	19,327	16,711	16,293	16,563	13,631	9,366	7,291	534	414	518	499	2,181	397	458	520	643	653	1,165	1,340	2,541	3,347	1,500	1,400	1,500	500	400	400	0	-100	100	200	2,400	-	-
Non Currrent Assets Other	34,637	46,147	48,819	104,152	101,297	95,829	120,583	121,622	19,257	16,839	27,905	10,457	10,699	11,584	8,244	8,320	8,578	8,615	10,197	10,309	6,637	9,959	8,152	6,934	10,316	10,739	10,347	9,910	10,072	9,413	11,573	10,635	11,442	11,863	12,467	50,162	8,615	9,519	10,090	8,950	9,363	10,496	3,180	3,280	3,111	3,186	2,713	2,015	1,962	1,917	2,022	2,019	2,250	2,106	3,816	11,297	3,975	3,939	2,918	3,065	10,879	10,449	10,733	9,878	3,546	40,137	10,979	11,385	12,725	15,059	25,208	40,393	35,919	52,741	50,041	47,284	40,547	39,941	40,038	33,447	31,818	24,062	17,311	16,005	15,244	15,908	15,711	15,547	14,982	14,385	14,456	13,499	13,502	11,151	8,737	7,285	3,100	3,400	5,200	4,300	3,400	3,600	1,300	1,600	1,200	800	700	-	-
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	455	2,624	2,782	2,552	3,888	3,748	6,544	5,683	4,479	3,689	3,107	4,059	3,615	4,150	3,594	3,321	2,346	857	712	223	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	105,870	144,930	134,617	135,335	132,199	125,359	124,257	113,697	101,053	112,472	84,735	280,447	71,209	65,795	55,800	62,144	60,630	66,405	62,676	51,865	65,478	62,863	58,935	586,750	591,769	587,334	585,643	587,083	596,270	598,581	605,057	579,287	561,442	574,389	281,718	285,427	288,290	295,719	290,545	288,008	290,669	192,807	191,953	193,390	187,811	176,909	123,530	122,420	122,263	127,736	126,414	124,797	122,719	109,394	111,307	100,642	95,837	92,548	90,732	90,266	99,865	126,475	127,974	129,851	129,826	131,154	132,672	135,332	141,392	144,382	159,318	154,398	147,329	143,843	141,600	134,983	134,634	135,037	122,753	121,064	113,031	105,421	93,943	92,945	91,260	79,362	71,678	67,263	66,929	66,295	64,698	64,696	63,737	63,031	39,828	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Current Assets	129,174	146,632	128,085	141,017	174,505	182,387	94,218	97,420	114,303	104,201	81,479	68,357	68,935	72,543	59,942	53,257	53,254	62,481	47,617	49,668	49,915	43,995	49,703	47,918	49,919	55,649	52,902	50,442	51,126	56,718	50,073	49,351	49,201	79,121	95,903	87,102	78,029	84,781	79,908	74,042	63,076	71,026	77,321	82,133	76,767	72,328	75,112	60,030	63,184	64,256	46,621	45,390	44,496	47,323	9,368	6,560	8,916	18,238	35,172	192	192	12,693	347	19,229	19,280	26,893	21,173	22,637	19,500	16,690	17,845	15,980	12,030	9,463	9,861	7,279	8,421	11,052	10,907	12,477	10,168	14,126	9,214	7,518	7,716	7,123	8,688	9,382	25,231	20,436	4,096	6,505	6,059	6,344	5,983	5,923	5,700	5,700	79,100	84,900	69,900	14,700	20,400	31,400	38,900	42,800	49,500	-	-
Other Current Liab	188,778	243,760	194,507	214,498	240,793	295,291	237,015	197,642	176,877	228,648	228,090	157,639	136,414	164,549	154,092	112,613	122,611	133,450	129,549	108,766	117,339	11,896	11,177	13,534	12,565	122,320	105,916	104,088	89,725	116,076	97,072	90,895	80,155	122,971	10,843	6,951	7,702	7,432	102,452	93,145	73,748	99,980	72,304	63,044	50,311	65,804	60,129	48,283	45,231	60,479	56,654	50,940	1,000	923	5,471	4,448	14,543	14,124	3,708	4,406	5,134	104,265	30,654	29,388	28,446	36,995	60,368	25,645	23,294	26,026	26,436	31,221	28,310	35,186	29,164	28,097	25,614	24,586	25,043	26,616	22,989	29,709	2,734	4,929	7,363	4,119	4,388	5,286	6,030	1,856	33,734	11,142	35,918	33,856	37,718	34,251	33,200	35,800	29,900	26,600	25,600	25,700	27,100	19,200	15,000	27,200	16,500	-	-
Other Liab	0	302,432	0	288,974	301,630	290,238	289,844	306,158	307,907	298,295	305,066	117,041	106,363	99,687	117,098	124,112	136,458	133,293	119,040	124,079	119,376	98,132	101,266	84,821	76,658	67,995	67,683	68,592	71,830	72,772	75,270	78,651	83,031	82,315	85,892	77,981	62,205	57,047	54,087	68,195	70,143	48,485	23,872	24,369	38,668	33,109	17,926	15,387	14,497	13,330	18,191	19,608	19,343	17,907	19,936	18,172	11,658	8,398	8,972	9,457	8,529	9,932	10,996	11,470	12,319	10,143	0	0	0	0	0	0	0	40	0	164	298	419	137	432	497	725	534	414	518	499	2,181	397	458	520	643	582	625	785	2,541	3,347	0	0	0	0	0	0	0	0	0	0	-	-	-
Other Stockholder Equity	0	-27,615	-24,311	-33,303	-29,706	-33,961	-31,991	-26,098	-36,764	-39,908	-36,031	-34,945	285	362	316	-116	-487	-380	-110	-136	327	47	106	-435	-304	381	-303	-235	149	-169	-349	16	-487	-365	-487	197	-250	134,492	-94	-460	-98	-13	218	-444,610	-444,645	-33,439	-30,401	-36,174	-425,940	-38,791	-2,826	-83	-7,076	-7,140	7,107	11,934	14,360	19,858	-319,452	-318,920	18,357	38,756	36,130	34,425	29,976	174,938	173,623	161,929	199,181	156,433	154,125	-38	-321	478	31,333	30,317	28,672	26,638	25,248	23,834	22,051	20,100	18,043	16,856	15,450	14,230	13,583	12,187	11,696	11,072	10,969	10,007	9,580	8,308	7,874	7,529	7,000	6,300	136,100	135,500	132,500	71,000	87,100	68,600	68,100	68,000	73,800	-	-
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	-	-	-
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	-	-	-
Property Plant And Equipment Gross	189,905	202,760	205,371	209,548	212,470	185,143	0	0	0	0	254,738	238,913	227,996	243,880	244,360	260,544	293,067	99,589	84,694	76,693	81,352	77,544	84,944	90,741	95,931	101,651	106,622	112,882	121,799	131,569	136,295	137,493	138,131	137,830	118,169	103,234	83,355	80,246	71,961	70,982	73,333	77,710	63,371	58,845	58,284	58,798	57,227	50,722	50,235	78,356	50,426	49,359	36,314	48,873	46,821	46,809	46,443	45,286	37,845	33,549	33,392	33,994	33,799	34,333	35,580	35,901	33,141	32,782	32,927	33,429	32,570	32,885	57,005	31,156	26,937	25,820	25,771	25,693	26,048	26,570	26,139	26,217	26,344	26,204	25,245	25,406	24,375	23,606	20,938	20,539	20,515	19,299	19,213	18,724	16,330	15,618	15,100	14,700	14,400	13,000	4,800	4,500	4,200	3,100	2,900	2,900	2,700	-	-
Property Plant And Equipment Net	189,905	202,760	205,371	209,548	212,470	185,143	199,453	218,128	231,493	241,976	254,738	238,913	227,996	243,880	244,360	260,544	293,067	99,589	84,694	76,693	81,352	77,544	84,944	90,741	95,931	101,651	106,622	112,882	121,799	131,569	136,295	137,493	138,131	137,830	118,169	103,234	83,355	80,246	71,961	70,982	73,333	77,710	63,371	58,845	58,284	58,798	57,227	50,722	50,235	78,356	50,426	49,359	36,314	48,873	46,821	46,809	46,443	45,286	37,845	33,549	33,392	33,994	33,799	34,333	35,580	35,901	33,141	32,782	32,927	33,429	32,570	32,885	57,005	31,156	26,937	25,820	25,771	25,693	26,048	26,570	26,139	26,217	26,344	26,204	25,245	25,406	24,375	23,606	20,938	20,539	20,515	19,299	19,213	18,724	16,330	15,618	15,100	14,700	14,400	13,000	4,800	4,500	4,200	3,100	2,900	2,900	2,700	-	-
Property Plant Equipment	0	202,760	44,808	46,915	50,181	185,143	199,453	57,945	53,627	241,976	254,738	62,087	62,548	66,721	73,319	80,843	92,377	99,589	84,694	76,693	81,352	77,544	84,944	90,741	95,931	101,651	106,622	112,882	121,799	131,569	136,295	137,493	138,131	137,830	118,169	103,234	83,355	80,246	71,961	70,982	73,333	77,710	63,371	58,845	58,284	58,798	57,227	50,722	50,235	51,740	50,426	49,359	48,505	48,873	46,821	46,809	46,443	45,286	37,845	33,549	33,392	33,994	33,799	34,333	35,580	35,901	33,141	32,782	32,927	33,429	32,570	32,885	32,605	31,156	26,937	25,820	25,771	25,693	26,048	26,570	26,139	26,217	26,344	26,204	25,245	25,406	24,375	23,606	20,938	20,539	20,515	19,299	19,213	18,724	16,330	15,618	0	0	0	0	0	0	0	0	0	0	-	-	-
Retained Earnings	1,163,116	1,117,552	1,075,826	1,062,393	1,048,034	1,025,354	995,897	1,030,086	1,022,158	987,826	953,488	876,645	813,669	770,498	724,431	677,561	833,308	794,739	752,370	705,824	664,332	633,281	594,901	599,630	547,151	492,112	441,795	387,881	338,460	323,571	275,846	228,834	183,063	188,611	208,404	169,802	134,057	125,875	144,954	139,448	114,407	106,250	79,311	511,116	482,645	464,545	444,100	426,828	415,761	401,248	375,800	361,755	346,253	330,929	311,393	296,261	279,704	269,270	262,968	250,088	239,059	230,950	257,905	248,365	240,590	232,462	220,511	237,102	236,913	249,466	249,626	269,077	262,353	255,593	250,333	242,345	234,976	225,927	215,739	205,809	196,302	187,153	184,402	175,248	168,109	157,949	146,406	134,076	127,009	115,774	105,622	94,400	84,539	75,877	70,065	61,467	52,900	45,200	37,000	29,600	23,600	18,200	-4,400	6,300	2,000	-600	-3,300	-	-
Retained Earnings Total Equity	0	0	1,075,826	1,062,393	1,048,034	1,025,354	995,897	1,030,086	1,022,158	987,826	953,488	876,645	813,669	770,498	724,431	677,561	833,308	0	752,370	705,824	664,332	633,281	594,901	599,630	547,151	492,112	441,795	387,881	338,460	323,571	275,846	228,834	183,063	188,611	208,404	169,802	134,057	125,875	144,954	139,448	114,407	106,250	79,311	511,116	482,645	464,545	444,100	426,828	415,761	401,248	375,800	361,755	346,253	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	90,443	86,844	86,901	84,490	77,479	63,458	59,698	59,911	78,703	80,555	60,586	16,551	14,159	10,878	7,000	9,352	7,009	9,658	3,648	3,681	5,124	0	0	0	12,050	141	15,720	217	240	277	326	329	0	356	0	0	0	157	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,479,770	1,429,212	1,484,185	1,467,403	1,743,088	1,506,115	1,643,689	1,624,698	1,783,791	1,707,540	1,894,634	456,706	200,800	213,654	330,275	347,502	214,254	9,658	3,916	78,976	125,445	0	0	0	12,050	668	15,720	115,776	150,532	165,615	211,009	286,346	245,295	210,974	166,844	0	0	1,100	1,314	1,307	1,393	1,489	1,500	1,592	1,670	1,736	4,050	4,163	1,718	1,696	5,169	5,190	1,452	1,411	1,187	885	0	0	0	0	417	417	830	1,238	1,643	2,044	2,440	2,833	3,350	3,734	3,987	4,365	4,738	5,108	5,528	5,942	6,351	6,757	7,158	7,555	7,146	4,630	0	0	600	600	0	0	0	0	0	355	824	764	2,013	4,045	500	600	1,500	500	500	500	0	0	200	200	400	-	-
Short Term Debt	138,933	136,696	140,286	140,418	137,032	127,457	127,378	130,642	149,048	156,632	143,158	95,981	86,641	91,626	81,878	88,008	92,634	9,658	3,648	3,681	5,124	99,993	83,644	93,485	70,098	141	180	217	240	277	326	329	340	356	127,053	84,652	76,474	98,830	164	158	164	170	167	172	176	178	2,122	2,137	86	42	2,969	1,028	44,924	56,400	48,341	45,353	50,739	46,796	43,384	39,961	41,749	417	830	1,238	1,643	1,627	1,742	1,594	1,707	1,690	1,547	1,532	1,517	1,502	1,540	1,577	1,613	1,649	1,631	2,119	1,466	809	21,899	20,299	19,010	21,537	23,819	16,894	15,700	20,460	0	284	284	209	2,013	4,045	0	0	0	0	0	0	0	0	200	200	400	-	-
Short Term Investments	-72,512	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	20,264	20,166	0	0	13,500	0	0	0	14,100	0	0	0	13,400	0	0	0	0	13,356	12,073	11,915	12,176	12,313	12,934	12,106	11,593	11,930	6,681	7,116	4,839	5,097	4,930	4,966	4,182	3,753	3,971	4,590	3,919	3,702	2,449	2,543	329	327	327	50	126,210	123,737	134,409	141,811	117,315	137,715	136,665	135,665	119,290	98,615	83,090	47,750	47,400	0	0	140	140	140	140	160	160	160	160	25,224	1,232	1,230	1,350	206	1,359	10,864	26,541	33,900	37,200	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	-	-	-
Total Assets	4,016,861	3,985,797	3,943,184	3,898,856	4,234,915	3,992,714	4,057,923	4,107,696	4,181,868	4,118,965	4,370,593	2,441,395	2,066,233	2,024,702	2,062,986	1,960,406	1,989,791	1,745,732	1,690,906	1,687,716	1,669,302	1,462,000	1,401,059	1,430,500	1,401,530	1,350,662	1,283,495	1,316,486	1,296,337	1,348,819	1,298,093	1,342,813	1,275,535	1,280,171	1,275,645	954,961	892,252	900,996	922,080	896,979	844,200	857,978	759,058	744,360	705,905	695,293	651,586	615,834	584,411	565,279	590,067	572,618	536,744	527,741	494,378	474,244	460,075	433,234	413,177	388,023	370,068	458,946	436,963	426,269	416,078	564,464	564,646	534,799	529,413	558,501	558,905	569,140	542,179	534,562	517,079	499,516	472,620	464,747	466,784	446,461	434,013	415,020	380,249	361,580	357,400	352,090	363,214	360,838	359,749	347,715	328,898	270,274	267,768	256,903	253,811	244,205	227,400	223,000	206,500	195,700	185,100	120,500	111,900	96,800	87,500	96,800	90,900	-	-
Total Current Assets	1,109,619	1,055,466	996,036	951,904	1,256,087	1,032,313	1,071,584	1,090,500	1,148,329	1,079,494	1,307,362	932,137	986,827	932,558	979,512	863,453	843,908	789,425	739,378	740,010	723,024	808,632	739,276	759,032	718,849	657,242	589,539	617,961	587,455	620,980	563,217	600,263	558,117	580,899	583,087	570,009	523,470	532,460	554,400	535,452	482,859	489,599	502,880	493,562	454,231	448,684	417,450	441,582	411,756	391,276	411,905	396,845	363,442	356,149	338,163	316,128	312,990	292,111	282,784	263,742	246,410	325,087	276,689	263,962	250,647	398,737	400,351	369,345	361,154	383,680	381,953	376,937	355,176	356,077	346,299	332,096	311,866	304,420	305,699	297,138	286,810	275,772	248,484	241,433	239,210	235,424	259,477	265,554	271,548	260,247	242,088	186,277	183,859	174,442	174,450	188,759	196,600	196,600	180,100	175,800	176,900	112,400	106,400	92,100	83,400	93,100	87,500	-	-
Total Current Liabilities	658,366	723,014	683,301	681,175	746,222	774,447	730,206	753,266	710,792	789,433	860,604	593,724	547,400	561,168	502,544	438,332	432,708	364,238	356,699	320,761	312,226	277,449	244,046	279,351	279,256	316,266	285,450	298,375	289,112	340,756	300,862	307,357	319,276	356,380	365,968	272,821	253,953	265,321	261,376	255,999	233,716	262,307	226,169	209,841	195,714	199,136	185,625	176,963	163,837	163,893	166,284	161,286	152,848	164,688	145,031	133,271	145,110	127,465	118,887	116,936	105,123	173,308	117,122	117,168	119,991	131,592	157,060	120,127	117,615	136,614	138,769	127,013	108,842	107,737	100,879	91,270	74,819	74,906	77,793	69,962	66,323	74,452	67,177	54,767	50,931	49,462	45,314	39,480	42,770	45,781	46,470	39,554	48,379	46,630	49,151	47,642	41,900	46,100	37,700	35,800	33,400	35,400	33,400	23,800	18,700	30,500	19,300	-	-
Total Liab	2,299,055	2,317,962	2,310,331	2,297,134	2,653,908	2,443,343	2,536,361	2,553,480	2,653,442	2,638,636	2,917,146	1,071,490	767,922	782,883	868,039	821,938	690,786	497,531	476,007	520,135	551,923	375,581	345,312	364,172	393,878	404,894	393,404	493,076	533,965	595,679	592,572	679,372	662,793	664,472	635,247	366,732	333,811	344,811	333,578	325,343	305,088	328,470	268,085	251,169	244,199	244,187	221,887	205,111	192,489	190,822	194,093	190,028	179,567	188,952	168,878	155,042	157,011	136,106	130,071	126,393	113,652	183,240	139,928	141,390	143,512	155,064	169,512	135,240	132,950	153,602	157,154	151,676	131,802	128,608	120,497	110,597	91,530	91,199	94,356	83,593	75,689	81,743	67,711	55,181	51,449	49,961	47,495	39,877	43,228	46,301	47,113	40,207	49,544	47,970	51,692	50,989	43,400	47,500	39,200	36,300	33,800	35,800	33,400	23,700	18,800	30,700	21,700	-	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,086,419	1,055,747	1,066,328	1,007,652	945,768	890,091	823,410	762,372	753,140	705,521	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,717,806	1,667,835	1,632,853	1,601,722	1,581,007	1,549,371	1,521,562	1,554,216	1,528,426	1,480,329	1,453,447	1,369,905	1,298,311	1,241,819	1,194,947	1,138,468	1,299,005	1,247,792	1,214,444	1,164,957	1,114,597	1,083,867	1,051,859	1,062,580	1,001,108	940,085	885,612	819,721	759,265	749,081	701,906	659,291	609,148	614,842	638,052	587,372	557,729	555,962	588,502	571,636	539,112	529,508	490,973	493,191	461,706	451,106	429,699	410,723	391,922	374,457	395,974	382,590	357,177	338,789	325,500	319,202	303,064	297,128	283,106	261,630	256,416	275,706	297,035	284,879	272,566	409,400	395,134	399,559	396,463	404,899	401,751	417,464	410,377	405,954	396,582	388,919	381,090	373,548	372,428	362,868	358,324	333,277	312,538	306,399	305,951	302,129	315,719	320,961	316,521	301,414	281,785	230,067	218,224	208,933	202,119	193,216	184,000	175,500	167,300	159,400	151,300	84,700	78,500	73,100	68,700	66,100	69,200	-	-
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	-444,282	-444,282	-429,646	-425,791	-425,651	-425,651	-416,850	-377,247	-367,822	-367,733	-359,366	-341,664	-333,657	-327,810	-319,149	-319,146	-319,149	-312,338	-289,103	-275,025	-275,025	-275,025	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Begin Period Cash Flow	136,795	156,570	88,561	116,492	356,559	166,252	66,199	74,672	158,112	125,617	189,312	172,950	155,321	87,815	119,605	70,472	39,545	59,073	91,854	117,372	94,965	114,108	36,975	61,647	19,400	11,000	2,300	2,500
Capital Expenditures	90,695	56,145	36,565	40,707	66,846	26,520	24,154	46,391	105,149	47,148	62,176	23,148	26,114	22,608	26,582	15,449	17,830	26,121	13,337	6,476	6,825	7,850	5,069	5,004	21,800	1,000	500	300
Cash And Cash Equivalents Changes	0	-12,441	67,535	-29,636	0	182,993	100,053	-8,473	-83,440	32,495	-63,695	16,362	17,629	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	-50,618	31,701	-43,985	0	-16,137	4,473	-3,836	-21,664	-3,768	-6,662	-11,752	-6,338	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	-14,704	-19,775	68,009	-27,931	-240,067	182,993	100,053	-8,473	-83,440	32,495	-63,695	16,362	17,629	67,506	-31,790	50,156	30,927	-19,528	-32,781	-25,518	22,407	-19,143	77,133	-24,672	42,200	8,400	8,700	-100
Change In Working Capital	-31,562	-79,430	104,053	-72,923	-2,661	13,558	31,564	-89,438	-28,073	-640	-48,335	3,798	-18,645	52,148	-67,011	27,060	47,695	-18,693	13,747	-23,133	8,086	5,902	-15,977	-34,671	300	-22,200	3,700	-8,800
Change Receivables	0	14,132	38,578	-141,842	0	38,953	53,051	-57,576	-104,685	1,912	-102,997	-4,999	-1,516	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-23,401	14,132	38,578	-141,842	-60,313	34,033	53,025	-51,986	-103,774	-144	-93,092	-4,999	-1,516	2,415	-7,649	-16,000	20,438	-28,922	-12,643	3,158	-8,354	12,792	-16,209	-2,065	0	0	0	0
Change To Inventory	859	0	-26,904	-79,930	-47,580	9,874	2,610	-7,617	-7,386	-484	-12,397	-1,781	-8,897	16,478	-26,616	1,252	-813	398	-232,625	-261,671	-194,845	-190,337	-214,258	-159,883	0	0	0	0
Change To Liabilities	5,606	-52,064	80,556	112,904	64,068	-9,258	-25,960	-28,026	98,276	1,216	61,324	20,549	-10,791	7,476	7,331	5,129	5,457	13,931	16,279	3,871	12,596	0	875	1,021	0	0	0	0
Change To Netincome	31,957	29,634	30,486	2,845	33,106	26,959	25,477	17,523	18,044	20,176	16,726	8,769	11,492	10,297	0	11,223	14,490	0	4,695	0	512	1,111	991	0	0	0	0	0
Change To Operating Activities	3,191	-27,988	-12,348	22,013	-16,514	-4,644	12,546	-4,705	-24,821	8,509	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	149,316	132,795	90,718	100,161	85,458	62,192	67,977	71,781	56,197	48,668	35,816	26,460	22,845	18,340	12,232	12,528	20,970	17,645	15,145	13,150	11,230	7,284	10,080	6,222	2,700	2,400	400	300
Dividends Paid	68,073	68,716	68,838	70,155	63,887	11,692	11,674	11,701	11,927	12,187	12,272	12,180	10,327	8,375	8,054	7,798	8,750	8,587	6,403	0	0	0	0	0	800	7,400	21,700	2,200
End Period Cash Flow	122,091	136,795	156,570	88,561	116,492	349,245	166,252	66,199	74,672	158,112	125,617	189,312	172,950	155,321	87,815	120,628	70,472	39,545	59,073	91,854	117,372	94,965	114,108	36,975	61,600	19,400	11,000	2,400
Exchange Rate Changes	0	0	0	0	0	-2,348	3,503	-4,554	-6,900	-4,572	-12,938	5,579	-1,746	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	223,645	233,694	480,757	203,885	289,881	297,005	313,046	133,635	101,068	166,452	58,762	92,012	70,746	115,833	4,051	41,124	33,360	-10,425	60,757	40,597	48,222	50,514	33,312	-900	6,100	-8,100	16,800	2,800
Investments	-80,963	-54,009	-1,835,480	-44,138	-483,883	-19,996	-25,221	-87,103	489	429	398	299	237	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
Net Borrowings	-108,675	-155,658	1,470,433	18,603	9,522	-137	-164,981	-45,377	207,938	-162	-172	-44	304	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	161,792	203,828	291,200	214,509	240,495	220,816	212,182	180,160	160,049	145,396	117,125	-34	974	69,397	54,583	6,677	-8,255	2,460	36,069	38,774	35,346	40,346	36,246	30,468	27,600	14,500	8,600	11,600
Other Cashflows From Financing Activities	770,249	687,222	-12,539	-11,579	-9,048	-13,132	-10,835	-6,975	-2,977	-5,016	1,701	7,268	16,280	2,901	651	17,387	388	1,331	-1,649	-1,197	-155	-251	-744	-6,768	-1,800	-2,600	-40,300	100
Other Cashflows From Investing Activities	0	2,136	-1,798,915	-3,431	453	-26,308	-25,221	-87,103	-295,367	-13,556	-86,651	-68,542	-8,629	0	0	29,552	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	3,720	-8,034	9,374	-1,718	-329	65	-650	-6,880	2,277	-44	-619	76,133	80,443	-2,267	-3,197	30,036	-451	17,109	2,955	3,885	1,756	1,829	6,656	-360	100	100	-200	0
Sale Purchase Of Stock	-22,255	-96,119	-3,363	-166,959	-47,446	-66,919	-28,863	-33,335	-82,787	-111,141	-33,287	-12,977	-56,540	-40,217	-30,046	-164,466	0	-10,139	-16,056	-25,656	-21,944	-50,842	0	0	0	0	-400	0
Stock Based Compensation	29,522	30,476	28,554	23,708	20,774	20,238	21,365	18,751	17,237	17,278	14,555	12,077	9,485	7,918	7,307	9,123	3,829	6,577	1,372	1,036	939	342	851	528	0	600	5,700	0
Total Cash From Financing Activities	-250,798	-248,271	1,385,693	-230,090	-110,859	-91,880	-215,429	-96,842	111,115	-127,144	-41,862	-17,765	-50,587	-42,402	-35,574	-154,877	4,591	-11,072	-9,463	-4,371	-6,929	-42,095	51,832	-4,504	59,300	-9,900	31,700	-1,900
Total Cash From Operating Activities	314,340	289,839	517,322	244,592	356,727	323,525	337,200	180,026	206,217	213,600	120,938	115,160	96,860	138,441	30,633	56,573	51,190	15,696	74,094	47,073	55,047	58,364	38,381	4,104	27,900	-7,100	17,300	3,100
Total Cashflows From Investing Activities	-80,963	-54,009	-1,835,480	-44,138	-483,883	-46,304	-25,221	-87,103	-393,872	-49,389	-129,833	-86,612	-26,898	0	0	148,460	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
Begin Period Cash Flow	122,091	91,693	118,720	159,827	136,795	110,625	111,968	202,612	156,570	113,236	119,965	149,818	88,561	95,988	138,742	160,949	116,492	78,969	54,478	62,094	356,559	229,021	253,227	196,905	166,252	104,378	94,862	69,767	66,199	50,609	60,783	50,958	74,672	81,877	114,535	149,196	158,112	182,942	131,323	120,584	125,617	187,911	187,343	167,138	189,312	168,900	229,537	191,048	172,950	204,016	183,155	177,004	155,321	153,059	121,362	126,940	87,815	91,666	85,090	61,461	119,605	77,944	63,420	62,279	70,472	91,105	42,871	21,964	39,545	32,732	38,436	36,707	59,073	64,978	78,173	94,557	91,854	131,611	138,414	143,431	117,372	89,501	92,623	84,235	94,965	111,047	113,859	94,705	114,108	91,804	46,994	29,500	36,975	37,770	46,511	59,300	61,600	27,100	5,700	18,900	19,400	4,700	4,100	10,700	11,000	0
Capital Expenditures	22,247	31,832	25,112	18,054	15,697	20,209	13,038	16,571	6,327	4,432	8,549	14,490	9,094	12,271	9,314	8,635	10,487	27,813	20,492	8,568	9,973	4,968	8,377	6,661	6,514	5,066	6,113	5,207	7,768	12,288	14,267	9,151	10,685	31,982	25,694	33,363	14,110	19,582	10,733	8,809	8,024	23,655	16,930	11,040	10,551	8,414	6,326	5,134	3,274	9,458	6,320	5,631	4,705	5,918	6,334	3,777	6,579	10,905	6,087	5,630	3,960	1,581	6,730	3,055	4,083	7,491	4,612	3,505	2,222	11,449	4,245	6,776	3,651	6,700	3,087	1,733	1,817	1,515	1,047	2,206	1,708	2,251	1,192	2,341	1,041	2,442	1,260	3,079	1,069	809	1,999	510	1,751	2,660	780	4,336	5,900	2,300	8,500	10,100	900	400	300	200	100	200
Cash And Cash Equivalents Changes	0	0	-27,576	-41,872	20,611	29,135	3,350	-90,596	45,670	45,690	-6,296	-29,234	57,375	-9,306	-44,448	-18,887	43,005	0	24,853	-8,052	-293,397	120,224	-24,206	56,322	30,653	61,874	9,516	25,095	3,568	15,590	-10,174	9,825	-23,714	-7,205	-107,779	40,460	-8,916	-24,830	51,619	10,739	-5,033	-62,294	568	20,205	-22,174	20,412	-60,637	38,489	18,098	-31,066	20,861	6,151	21,683	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-7,415	-47,051	26,355	-52,510	-20,957	28,986	-6,137	188,609	-153,489	-55,029	51,610	30,858	-88,068	7,130	6,095	0	41,123	-12,994	12,243	-23,385	-6,692	3,760	10,180	-2,960	-1,286	354	8,365	-4,487	-2,564	-2,064	5,279	-148	-16,848	0	-4,668	-6,193	-5,483	3,531	4,377	-4,313	-700	2,691	-4,340	-1,032	-2,609	-4,592	-3,519	-4,943	-589	17	-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
Change In Cash	31,404	30,398	-27,027	-41,107	23,032	26,170	-1,343	-90,644	46,042	43,334	-6,729	-29,853	61,257	-7,427	-42,754	-22,207	44,457	37,523	24,491	-7,616	-294,465	120,224	-24,206	56,322	30,653	61,874	9,516	25,095	3,568	15,590	-10,174	9,825	-23,714	-7,205	-32,658	-34,661	-8,916	-24,830	51,619	10,739	-5,033	-62,294	568	20,205	-22,174	20,412	-60,637	38,489	18,098	-31,066	20,861	6,151	21,683	2,262	31,697	-5,578	39,125	-3,851	6,576	23,629	-58,144	42,684	14,524	1,141	-8,193	-20,633	48,234	20,907	-17,581	6,813	-5,704	1,729	-22,366	-5,905	-13,195	-16,384	2,703	-39,757	-6,803	-5,017	26,059	27,871	-3,122	8,388	-10,730	-16,082	-2,812	19,154	-19,403	22,304	44,810	17,494	-7,475	-795	-8,741	-12,789	-2,300	34,500	2,400	5,700	-500	-100	4,700	4,100	-300	4,400
Change In Working Capital	-83,181	36,757	-82,991	229,230	-214,558	228	-8,600	27,629	-98,687	186,926	-162,029	70,811	8,345	66,714	-98,447	-39,498	-1,692	-785	53,454	-20,776	-34,554	72,133	-25,546	16,601	-49,630	13,391	22,019	106	-3,952	-13,805	19,820	-50,008	-45,445	-37,753	53,908	-42,988	-1,238	-8,406	37,097	-13,751	-15,580	-16,463	13,884	-21,253	-24,503	-6,192	-15,316	21,892	3,414	-8,758	6,776	-21,178	4,515	-3,682	27,606	-11,883	36,184	-22,864	-6,966	12,827	-50,008	42,214	2,899	-15,403	-2,650	-27,142	44,588	12,519	17,730	-9,743	558	-331	-9,177	11,727	-1,613	7,125	-3,492	4,382	-10,391	-14,536	-2,588	8,400	3,885	9,003	-13,202	12,776	5,059	-2,806	-9,127	-1,883	-4,756	6,801	-16,139	-12,521	20	-12,770	-9,400	6,200	-3,000	8,900	-11,800	-4,900	-11,000	1,000	-7,300	3,200
Change Receivables	0	0	-54,854	263,278	-200,749	54,129	9,067	-34,950	-14,114	122,459	-167,592	119,440	-35,729	5,784	-94,756	-21,854	-31,016	0	-35,411	-2,830	-69,890	45,430	16,775	15,594	-38,846	-7,705	54,171	-6,104	12,689	-24,551	6,877	-8,302	-31,600	-25,464	-70,665	0	-8,556	-6	39,484	-31,005	-6,561	-47,004	-14,530	-14,238	-27,225	-12,301	97	10,096	-2,891	-13,262	11,321	-20,166	20,591	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-35,379	-31,076	-54,854	263,278	-200,749	54,129	9,067	-34,950	-14,114	292,882	-167,592	119,440	-35,729	5,784	-94,756	-21,854	-31,016	47,818	-35,411	-2,830	-69,890	40,822	11,733	25,859	-44,381	-14,998	57,993	-4,657	14,687	-24,517	7,582	-5,304	-29,747	-22,344	-547	-76,641	-4,242	1,218	36,154	-32,250	-5,266	-43,020	-16,761	-6,931	-26,380	-12,301	97	10,096	-2,891	-13,262	11,321	1,979	-1,554	5,215	1,882	-2,196	-2,448	-19,653	5,428	38,357	25,930	-2,039	0	156	13,695	-28,922	39,343	34,332	26,486	-12,643	0	0	897	3,158	0	0	-7,368	-8,354	0	0	19,147	12,792	0	0	-6,826	-16,209	762	0	718	-17,063	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Inventory	-57,336	-20,242	7,689	0	0	0	0	-29,405	-5,115	-129,942	-157,461	0	48,431	-17,628	0	0	6,076	-97,466	0	0	14,507	27,752	0	0	11,554	41,346	0	0	4,247	14,178	0	0	3,463	-6,099	0	0	-4,535	2,916	0	0	-1,094	-3,954	0	0	-773	943	-1,255	-4,826	3,357	2,937	3,398	-23,395	8,163	-12,790	14,404	-12,557	23,460	-7,509	-9,890	0	-25,880	405	0	0	-9,780	20,129	0	0	-1,416	-16,760	0	0	-258,956	-245,637	0	0	-231,873	-226,743	0	0	-240,976	-203,197	0	0	-194,251	-157,001	0	0	-238,290	-200,752	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	20,438	-20,722	13,003	-40,164	-9,829	-57,661	33,593	-78,436	-59,941	114,806	6,400	-7,536	30,072	84,377	-24,774	23,229	2,749	47,742	-4,952	23,093	50,088	-35,629	-2,753	-20,964	24,056	-30,866	5,856	-25,006	15,233	15,507	-39,642	-19,124	-12,142	98,432	15,011	11,986	-2,207	3,096	13,723	-13,396	34,854	29,114	-9,706	7,062	7,141	-12,804	16,388	9,824	9,447	-3,956	-1,029	-15,253	7,476	14,270	4,180	0	7,331	1,436	3,822	0	5,129	1,989	0	0	5,457	0	0	0	13,931	25,499	5,672	0	16,279	16,332	7,439	0	3,871	2,463	0	0	12,596	8,885	951	0	0	0	0	0	875	1,169	0	0	1,021	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	6,460	12,039	10,386	3,072	14,733	3,167	3,715	8,019	-2,478	11,534	14,070	7,360	-7,797	-4,196	9,019	5,819	6,868	-1,149	6,186	21,482	2,372	22,442	-8,964	11,109	1,691	19,273	-6,286	10,799	11,905	-3,206	4,991	3,833	14,180	823	19,583	3,041	8,293	4,917	-4,679	11,645	3,147	-178	10,919	2,838	4,673	3,886	-117	327	4,278	1,600	3,201	2,413	10,297	9,519	3,768	14,867	0	0	0	0	11,223	0	0	0	14,490	0	0	0	0	0	432	0	4,695	1,722	1,181	3,054	0	0	0	0	512	169	838	3,235	1,111	1,343	0	4,100	991	2,542	0	5,202	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	31,167	31,167	25,109	-41,680	-43,384	39,301	44,466	-68,371	-28,117	35,751	13,385	-33,367	-14,252	26,790	-2,794	12,269	-12,139	17,443	-14,612	-7,206	10,694	-7,136	17,957	-19,408	13,322	3,304	354	8,365	-4,705	-2,564	-2,064	0	-24,821	0	0	0	8,509	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	31,760	41,625	34,202	37,691	35,798	34,969	31,366	32,690	33,770	33,336	22,961	16,088	18,333	25,931	24,990	24,834	24,406	26,844	21,230	20,695	16,689	14,444	15,353	15,958	16,437	15,053	16,169	18,791	17,964	22,607	16,904	16,174	16,096	12,398	17,186	14,171	12,441	12,371	12,538	11,737	12,022	10,053	7,829	7,959	9,975	7,947	6,968	5,434	6,111	6,366	5,696	5,551	5,232	4,691	4,631	4,478	4,540	3,684	2,820	2,982	2,746	-1,581	4,271	4,799	5,039	5,516	5,429	4,972	5,053	5,020	4,311	4,170	4,144	4,419	3,784	3,450	3,492	3,581	3,253	3,156	3,160	3,633	2,515	2,615	2,467	2,712	1,812	1,388	1,372	2,614	3,189	1,931	2,346	2,351	1,864	1,007	1,000	800	1,300	0	600	2,000	100	200	100	200
Dividends Paid	18,299	17,020	17,020	17,016	17,017	16,954	17,103	17,312	17,347	17,213	17,211	17,207	17,207	17,167	17,175	17,900	17,913	15,951	15,953	15,950	16,033	2,891	2,936	2,935	2,930	2,920	2,917	2,917	2,920	2,921	2,920	2,919	2,941	2,961	3,038	2,966	2,962	3,006	3,043	3,053	3,085	3,070	3,071	3,067	3,064	3,063	3,056	3,038	3,023	3,086	2,598	2,576	2,067	2,080	2,094	2,083	2,118	2,099	2,101	2,089	1,765	1,859	1,865	1,852	2,222	2,219	2,200	2,172	2,159	2,153	2,142	2,146	2,146	2,144	2,128	2,131	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000	0	0	0	0
End Period Cash Flow	153,495	122,091	91,693	118,720	159,827	136,795	110,625	111,968	202,612	156,570	113,236	119,965	149,818	88,561	95,988	138,742	160,949	116,492	78,969	54,478	62,094	349,245	229,021	253,227	196,905	166,252	104,378	94,862	69,767	66,199	50,609	60,783	50,958	74,672	81,877	114,535	149,196	158,112	182,942	131,323	120,584	125,617	187,911	187,343	167,138	189,312	168,900	229,537	191,048	172,950	204,016	183,155	177,004	155,321	153,059	121,362	126,940	87,815	91,666	85,090	61,461	120,628	77,944	63,420	62,279	70,472	91,105	42,871	21,964	39,545	32,732	38,436	36,707	59,073	64,978	78,173	94,557	91,854	131,611	138,414	143,431	117,372	89,501	92,623	84,235	94,965	111,047	113,859	94,705	114,108	91,804	46,994	29,500	36,975	37,770	46,511	59,300	61,600	2,400	5,700	18,900	-100	4,700	4,100	10,700	4,400
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-965	-2,569	962	224	2,217	2,164	2,200	-3,078	-1,354	-2,100	-510	-590	-2,341	-953	0	-3,606	-5,901	2,356	909	-1,936	2,688	-14,622	-766	-238	2,930	-2,409	2,326	2,732	-7,267	1,815	1,883	1,823	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
Free Cash Flow	-639	112,757	-30,398	291,642	-150,356	99,854	44,879	98,207	-9,246	266,231	-41,588	167,093	89,021	136,238	-22,503	13,370	76,780	65,203	116,008	59,303	49,367	129,497	64,114	72,040	31,354	80,037	109,136	60,501	63,372	59,606	72,001	11,347	-9,319	-6,745	93,220	-27,891	42,484	28,868	77,957	25,705	33,922	8,708	32,705	18,274	-925	21,685	9,697	36,348	24,282	18,003	27,644	162	24,937	14,326	42,108	10,957	48,442	-3,757	5,714	33,231	-31,137	16,900	6,069	1,449	16,706	-15,648	29,707	13,897	5,404	-12,027	-4,466	4,643	1,425	18,286	8,841	25,362	8,268	19,354	3,575	3,378	14,290	18,768	13,848	16,904	-1,298	20,879	24,653	2,570	2,412	14,548	7,740	18,056	-7,032	-5,101	9,684	1,017	-6,500	9,900	-2,800	5,700	-6,700	2,100	-10,000	3,800	-4,000	4,900
Investments	-20,432	-31,224	-25,112	-8,930	-15,697	-5,929	-25,178	-16,575	-6,327	-23,874	-1,374,082	-428,271	-9,253	-16,726	-5,837	-11,113	-10,462	-43,177	-20,636	-8,331	19,996	19,996	-19,996	-19,996	-19,996	-19,996	-157	0	0	-19,996	0	0	84	83	246	0	160	79	196	39	115	113	113	112	60	0	27	124	148	172	65	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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
Net Borrowings	0	-60,559	19,946	-275,409	207,347	-127,685	35,735	-147,023	83,315	-183,928	1,418,037	234,660	1,664	-123,914	-7,942	153,341	-2,882	6,071	-75,058	-46,558	125,067	-34	-34	-11,596	11,527	-15,079	-100,074	-34,761	-15,067	-45,383	-75,338	40,995	34,349	43,501	164,476	0	-39	-40	-40	-40	-42	-42	-43	-43	-44	-44	0	0	0	0	4	300	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	64,148	59,146	30,863	31,788	39,995	69,067	31,335	50,096	53,330	52,014	94,495	80,614	64,077	63,661	64,464	27,650	58,734	60,041	62,965	61,766	55,723	45,516	60,242	55,106	59,952	54,968	57,788	53,097	46,329	51,187	52,750	49,341	26,882	36,412	42,258	39,028	42,350	36,393	34,041	41,162	33,800	35,592	28,036	31,714	21,783	83	-9	-62	-46	-18	-35,633	19,038	17,587	20,148	16,356	18,265	14,628	16,141	15,038	11,441	11,963	-24,960	11,405	9,627	10,605	14,169	-14,391	2,362	-10,395	1,993	-17,309	8,870	8,906	7,405	10,115	9,500	9,049	10,188	9,930	9,507	9,149	9,415	8,965	6,890	10,076	10,939	11,104	7,067	11,236	6,501	11,222	9,861	8,662	5,644	8,598	8,526	7,700	7,900	7,400	6,800	5,500	4,900	3,500	3,500	2,600	4,500
Other Cashflows From Financing Activities	213,339	157,531	219,896	143,483	249,339	281,895	175,000	140,000	-9,673	33,171	1,784,837	352,311	-12,581	216,552	79,468	-159	-11,107	94,616	-20,636	124,948	-9,048	-545	-1,928	62,870	-8,529	-348	20,290	-12	-10,400	15,496	-533	83,449	-11,553	10,682	255,308	-116	-12,337	6,740	-1,776	2,824	-12,804	5,889	-2,191	2,315	-4,312	1,951	1,244	2,729	1,468	1,699	2,450	6,771	5,360	1,477	1,711	1,579	1,139	2,894	452	-456	53	31,506	-401	-125	297	18,443	1,966	-112	-27	28,161	2,827	991	-87	-419	-414	-2,542	-405	-400	-294	-457	-46	-46	-50	-47	-12	-26,224	-19,467	-5,340	-62	-65	-67	-528	-84	-3,162	-3,649	143	-100	-1,100	-600	-900	-55,800	-100	-2,300	-800	-5,700	-100
Other Cashflows From Investing Activities	0	0	9,124	9,124	0	2,136	2,000	-4	2,000	-19,442	-1,779,473	-413,781	-159	-4,455	22,599	-11,113	-10,462	-417,037	-20,636	-8,331	-431,735	-4,874	-8,285	-6,680	-6,469	-7,653	-5,196	-5,032	-7,340	-12,160	-13,505	-57,840	-3,598	-831	-293,180	0	-1,356	-1,709	-1,860	-6,403	-3,584	-76,379	-5,412	-1,396	-3,464	-1,932	-67,018	-1,112	1,520	-2,936	-1,821	-1,574	-2,298	0	0	0	0	0	0	0	0	29,552	0	0	0	0	0	686	1,867	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,619	601	601	1,484	1,034	-9,980	649	648	649	865	8,509	171,825	-59,692	-12	-1,706	0	0	-48	67	-158	-190	-791	381	-386	861	1,639	-650	582	-335	-427	-6,453	556	273	975	592	220	489	148	-44	-68	-36	-32	-33	-61	-493	23,671	20,485	14,273	17,704	25,936	55,458	-212	-739	-957	-1,055	-6,551	6,296	4,139	-460	-1,763	-5,787	33,512	1,632	2,154	3,600	-4,956	807	381	-684	635	18,992	1,354	1,333	794	856	1,101	224	-431	604	1,334	2,269	1,104	404	505	84	10	7,938	0	4,760	7,952	0	-27	-150	2,085	-18	-82	100	-2,700	-100	100	-100	300	-300	-200	0	-2,800
Sale Purchase Of Stock	0	0	0	0	-8,475	-22,255	-48,021	-24,464	-1,379	-3,363	-3,363	-3,363	-3,363	-166,959	-166,959	-165,061	-1,898	-1,378	-46,068	-5,084	-40,984	-4,932	-60,949	0	-1,038	-5	370	-91	-28,767	341	-2,197	0	-31,138	-50,171	521	0	-32,616	-51,787	-24,658	-13,166	-21,530	-5,473	-12,411	0	-15,403	-3,088	-140	0	-9,749	-39,566	-8,515	-89	-8,370	-17,699	-8,007	-5,850	-8,661	0	0	-7,615	-22,431	-14,078	0	0	-150,388	-10,139	0	0	0	-5,917	-873	-4,951	-4,315	-4,066	-4,307	-3,403	-4,280	-10,523	-3,132	-11,666	-335	-1,550	-4,929	-7,967	-7,498	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-200	-200
Stock Based Compensation	9,427	7,283	8,296	9,540	4,403	8,396	7,028	6,804	8,248	7,731	7,344	7,417	6,062	6,150	5,758	6,403	5,397	5,451	5,419	4,933	4,971	4,525	4,389	5,922	5,402	5,543	5,588	5,345	4,889	4,933	4,667	4,819	4,332	4,452	4,349	4,470	3,966	4,469	4,248	4,480	4,081	3,847	3,646	3,587	3,475	3,236	3,208	2,836	2,797	2,549	2,441	2,438	2,057	1,935	2,030	2,088	1,865	1,679	1,678	2,758	1,866	3,962	-5,701	0	3,600	6,577	233	0	1,020	1,372	0	0	1,333	1,036	0	0	316	939	0	0	206	342	0	0	256	851	0	0	-4,760	-445	0	0	0	0	0	0	0	0	0	0	0	600	300	0	0	0
Total Cash From Financing Activities	28,382	-81,949	2,822	-342,638	170,967	-84,999	-29,389	-188,799	54,916	-201,099	1,400,825	217,454	-31,487	-141,089	-25,422	-29,779	-33,800	-11,258	-91,011	-67,592	59,002	-8,402	-65,847	-16,661	-970	-17,793	-102,701	-37,781	-57,154	-42,808	-80,783	38,032	-11,283	1,398	162,232	-4,561	-47,954	-47,876	-28,890	-13,244	-37,134	-2,368	-17,628	-795	-21,071	-4,200	-1,952	-309	-11,304	-40,953	-8,663	4,106	-5,077	-18,018	-8,390	-6,354	-9,640	202	-1,649	-10,160	-23,967	-1,284	-2,176	-358	-151,059	-2,512	8,155	-392	-660	-1,704	-188	-3,794	-5,386	144	-3,716	-3,143	-2,748	-9,781	-1,041	-6,761	13,212	9,892	-3,203	-7,016	-6,602	-25,449	-17,800	-2,703	3,857	9,416	40,430	1,451	535	-2,758	-3,284	1,038	500	-900	-100	-800	61,100	-1,100	-2,300	-800	-5,700	-400
Total Cash From Operating Activities	21,608	144,589	-5,286	309,696	-134,659	120,063	57,917	114,778	-2,919	270,663	-33,039	181,583	98,115	148,509	-13,189	22,005	87,267	93,016	136,500	67,871	59,340	134,465	72,491	78,701	37,868	85,103	115,249	65,708	71,140	71,894	86,268	20,498	1,366	25,237	118,914	5,472	56,594	48,450	88,690	34,514	41,946	32,363	49,635	29,314	9,626	30,099	16,023	41,482	27,556	27,461	33,964	5,793	29,642	20,244	48,442	14,734	55,021	7,148	11,801	38,861	-27,177	18,481	12,799	4,504	20,789	-8,157	34,319	17,402	7,626	-578	-221	11,419	5,076	24,986	11,928	27,095	10,085	20,869	4,622	5,584	15,998	21,019	15,040	19,245	-257	23,321	25,913	5,649	3,481	15,357	9,739	18,566	-5,281	-2,441	10,464	-3,319	-600	12,200	5,700	15,800	-5,800	2,500	-9,700	4,000	-3,900	5,100
Total Cashflows From Investing Activities	0	-31,224	-25,112	-8,930	-15,697	-5,929	-25,178	-16,575	-6,327	-23,874	-1,374,082	-428,271	-9,253	-16,726	-5,837	-11,113	-10,462	-483,883	-20,636	-8,331	-411,739	-4,874	-28,281	-6,680	-6,469	-7,653	-5,196	-5,032	-7,340	-12,160	-13,505	-48,231	-13,207	-31,499	-348,423	0	-13,950	-19,503	-10,537	-11,440	-7,909	-94,977	-16,817	-7,548	-10,491	-8,417	-72,299	-5,010	-886	-10,307	-6,255	-5,631	-4,705	0	0	0	0	0	0	0	0	148,460	122,973	119,072	122,077	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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.

	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30	2005-09-30	2004-09-30	2003-09-30	2002-09-30	2001-09-30	2000-09-30	1999-09-30	1998-09-30	1997-09-30	1996-09-30
Cost Of Revenue	3,876,120	3,691,208	3,307,510	2,750,535	2,215,631	1,797,851	1,839,056	1,841,169	1,587,104	1,248,789	945,246	762,202	675,982	610,916	525,032	543,389	561,563	564,648	467,588	427,207	391,707	357,036	335,827	269,610	222,500	170,500	93,800	78,100
Depreciation And Amortization	149,316	118,914	80,613	101,004	88,628	62,192	67,977	71,781	56,197	48,668	35,816	26,460	22,845	18,340	12,232	12,528	20,970	17,645	15,145	13,150	11,230	7,284	10,080	6,222	2,700	2,400	400	300
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	-394	34	-974	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	294,431	325,898	408,530	288,278	317,107	303,562	318,072	284,054	265,962	225,308	190,544	133,327	122,401	334,260	294,719	41,125	40,600	6,568	63,274	63,046	58,920	65,023	67,040	59,260	43,200	21,300	10,100	11,600
Ebitda	443,747	444,812	489,143	389,282	405,735	365,754	386,049	355,835	322,159	273,976	226,360	159,787	145,246	352,600	306,951	53,653	61,570	24,213	78,419	76,196	70,150	72,307	77,120	65,482	45,900	23,700	10,500	11,900
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
Extraordinary Items	0	0	0	0	481	1,089	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	1,028,608	939,810	946,975	711,002	671,184	594,385	611,905	562,191	512,717	452,123	386,033	287,943	253,651	220,833	192,267	201,744	177,083	136,246	179,950	176,567	166,576	161,662	151,433	129,554	97,000	63,000	34,100	25,000
Income Before Tax	210,293	277,098	383,681	287,062	317,320	299,209	314,235	285,968	259,819	227,369	189,059	131,751	125,896	108,322	89,960	46,498	3,119	4,033	59,619	64,090	58,423	67,439	68,551	54,555	46,800	24,900	12,000	11,800
Income Tax Expense	48,501	73,270	92,481	72,553	76,825	78,393	102,053	105,808	99,770	81,973	71,934	55,652	43,754	38,925	35,377	18,217	11,374	1,573	23,550	25,316	23,077	27,093	28,449	24,087	19,200	10,400	3,400	200
Interest Expense	84,138	45,965	14,744	2,059	2,957	1,000	2,162	4,134	1,398	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	0	45,965	14,744	2,059	2,957	3,726	723	635	1,398	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	48	409	65	2,756	1,798	2,277	-44	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income	161,792	203,828	291,200	214,509	240,824	220,751	209,426	178,362	157,772	145,440	116,731	76,133	81,168	70,409	46,540	6,677	-8,255	2,460	36,069	38,774	35,346	40,346	36,246	30,468	27,600	14,500	8,600	11,600
Net Income Applicable To Common Shares	161,792	203,828	291,200	214,509	240,824	220,751	209,426	178,362	157,772	145,440	116,731	76,133	81,168	69,397	54,583	28,281	0	2,460	36,069	38,774	35,346	40,346	40,102	30,468	0	0	0	0
Net Income From Continuing Ops	161,792	203,828	291,200	214,509	240,495	220,816	212,182	180,160	160,049	145,396	117,125	131,751	125,896	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Interest Income	-84,138	-45,965	-14,744	-2,059	-2,957	-1,000	-2,162	-4,134	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	-2,835	-10,105	843	0	4,726	2,885	3,499	1,385	2,061	2,851	4,176	3,495	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	3,353	2,325	832	4,745	4,745	2,168	2,876	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	294,794	325,898	408,530	288,278	317,107	295,483	313,512	286,603	259,832	225,308	186,208	127,575	122,401	107,406	89,815	-895	-3,136	-2,826	56,274	63,046	57,042	64,339	67,040	55,385	43,200	23,100	11,000	11,600
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
Other Operating Expenses	4,609,934	4,316,166	3,845,955	3,173,259	2,569,708	2,093,400	2,135,774	2,122,805	1,835,244	1,475,604	1,142,903	919,694	807,232	497,489	422,580	746,028	742,233	703,720	591,264	540,728	500,302	454,017	420,220	343,779	276,300	210,400	116,900	91,500
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
Reconciled Depreciation	149,316	132,795	90,718	100,161	85,458	62,192	67,977	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
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
Selling General Administrative	639,223	534,493	494,088	387,090	321,023	285,241	284,510	268,259	238,792	226,815	197,657	157,402	132,866	118,778	102,452	115,649	135,581	129,678	116,676	113,521	107,406	96,013	78,796	67,947	51,100	37,500	22,700	0
Tax Provision	48,501	73,270	92,481	72,553	77,306	78,393	102,053	105,808	99,770	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Operating Expenses	733,814	624,958	538,445	422,724	354,077	295,549	296,718	281,636	248,140	226,815	197,657	157,492	131,250	-113,427	-102,452	202,639	180,670	139,072	123,676	113,521	108,595	96,981	84,393	74,169	53,800	39,900	23,100	13,400
Total Other Income Expense Net	-363	-48,800	-24,849	-1,216	213	1,373	1,210	9,547	-3,360	2,061	-2,168	-2,876	3,495	916	145	-42,020	-44,187	-9,394	-7,000	1,044	-939	-342	1,511	-3,875	3,600	1,800	900	300
Total Revenue	4,904,728	4,631,018	4,254,485	3,461,537	2,886,815	2,392,236	2,450,961	2,403,360	2,099,821	1,700,912	1,331,279	1,050,145	929,633	831,749	717,299	745,133	738,646	700,894	647,538	603,774	558,283	518,698	487,260	399,164	319,500	233,500	127,900	103,100

	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
Cost Of Revenue	1,026,987	969,059	924,313	978,249	1,004,499	904,048	915,564	948,875	922,721	887,725	951,664	728,622	739,499	726,985	715,734	665,037	642,779	586,716	556,463	567,098	505,354	419,508	443,171	463,984	471,188	458,322	448,258	469,730	462,746	470,161	465,715	458,786	446,507	453,376	428,503	357,449	347,776	322,474	307,296	318,343	300,676	266,840	239,763	228,907	209,736	216,108	187,652	178,686	179,756	181,880	171,897	164,050	158,155	154,304	153,359	153,013	150,240	117,810	137,187	137,090	132,945	94,538	151,086	156,694	149,183	146,375	138,126	136,202	140,860	153,282	158,945	134,441	117,980	122,735	126,427	110,336	108,090	110,124	114,696	106,076	96,311	109,879	99,321	92,077	90,430	90,134	91,367	86,749	88,786	86,407	90,120	82,046	77,254	73,591	71,047	62,613	61,400	60,800	57,200	52,900	49,900	49,700	46,200	32,500	27,300	22,600	18,500	-	-
Depreciation And Amortization	31,760	41,625	34,202	38,509	36,064	23,181	28,869	33,405	33,770	33,336	22,961	16,088	18,333	25,931	24,990	24,834	24,406	26,844	21,230	20,695	16,689	14,444	15,353	15,958	16,437	15,053	16,169	18,791	17,964	22,607	16,904	16,174	16,096	12,398	17,186	14,171	12,441	12,371	12,538	11,737	12,022	10,053	7,829	7,959	9,975	7,947	6,968	5,434	6,111	6,366	5,696	5,551	5,232	4,691	4,631	4,478	4,540	3,684	2,820	2,982	2,746	-1,581	4,271	4,799	5,039	5,516	5,429	4,972	5,053	5,020	4,311	4,170	4,144	4,419	3,784	3,450	3,492	3,581	3,253	3,156	3,160	3,633	2,515	2,615	2,467	2,712	1,812	1,388	1,372	2,614	3,189	1,931	2,346	2,351	1,864	1,007	1,000	800	1,300	-900	600	2,000	100	200	100	200	100	-	-
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	97	45	59	34	64	-25	-467	-83	9	62	46	18	-68	-819	-105	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	107,022	98,682	57,383	62,505	74,777	114,524	54,557	75,288	81,218	67,656	131,306	112,666	86,797	84,745	86,638	37,884	79,854	77,698	84,150	82,248	76,181	63,739	84,820	75,033	79,970	78,572	82,467	80,752	76,281	81,235	78,218	80,638	43,963	61,956	75,985	65,035	65,231	51,794	55,258	64,943	53,313	58,404	46,735	50,767	34,314	41,505	30,085	27,398	26,905	34,836	25,083	29,494	27,292	-135,019	25,726	68,945	24,105	73,380	71,379	18,747	19,809	-7,813	18,430	15,786	16,514	24,372	23,547	8,424	-15,743	-23,242	3,407	14,446	12,682	8,252	15,490	15,001	14,856	16,615	16,122	15,378	14,931	16,388	14,487	11,254	16,108	17,518	17,805	11,365	17,993	17,120	18,710	16,857	14,519	15,467	14,420	14,600	11,900	12,300	10,600	10,500	8,400	7,700	5,600	4,700	3,100	3,900	-1,500	-	-
Ebitda	138,782	140,307	91,585	101,014	110,841	137,705	83,426	108,693	114,988	100,992	154,267	128,754	105,130	110,676	111,628	62,718	104,260	104,542	105,380	102,943	92,870	78,183	100,173	90,991	96,407	93,625	98,636	99,543	94,245	103,842	95,122	96,812	60,059	74,354	93,171	79,206	77,672	64,165	67,796	76,680	65,335	68,457	54,564	58,726	44,289	49,452	37,053	32,832	33,016	41,202	30,779	35,045	32,524	-130,328	30,357	73,423	28,645	77,064	74,199	21,729	22,555	-9,394	22,701	20,585	21,553	29,888	28,976	13,396	-10,690	-18,222	7,718	18,616	16,826	12,671	19,274	18,451	18,348	20,196	19,375	18,534	18,091	20,021	17,002	13,869	18,575	20,230	19,617	12,753	19,365	19,734	21,899	18,788	16,865	17,818	16,284	15,607	12,900	13,100	11,900	9,600	9,000	9,700	5,700	4,900	3,200	4,100	-1,400	34,400	34,400
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	-	-	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	481	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	300,054	290,894	264,364	228,603	244,747	272,983	210,221	228,451	228,155	218,406	291,856	230,658	206,055	196,851	185,603	153,098	175,450	168,250	174,247	169,422	159,265	138,938	154,684	148,803	151,960	162,581	152,189	152,317	144,818	152,930	151,379	147,667	110,215	125,307	143,798	124,345	119,267	112,932	112,603	120,672	105,916	117,499	94,560	97,444	76,530	84,629	78,701	64,766	59,847	68,227	66,399	63,066	55,959	60,586	57,300	50,831	52,115	49,956	48,053	47,111	47,147	43,275	55,238	53,890	52,767	55,499	58,431	42,875	20,278	18,517	27,651	45,332	44,746	44,599	47,231	43,715	44,405	43,891	45,462	44,631	42,583	43,309	42,420	38,586	42,261	43,951	41,723	35,204	40,784	37,655	39,557	38,559	35,662	36,812	34,530	30,888	28,300	25,900	27,000	23,400	20,300	21,700	15,000	11,500	9,100	9,200	8,800	34,400	34,400
Income Before Tax	85,515	78,175	36,357	42,324	53,437	97,684	41,269	66,565	71,580	56,961	128,219	111,910	86,591	84,251	86,022	37,419	79,370	77,355	83,730	80,679	75,556	62,116	84,735	72,556	79,802	78,378	82,659	80,008	73,190	80,562	83,642	78,836	42,928	61,075	70,386	62,226	66,132	52,942	55,267	65,126	54,034	57,475	45,088	51,372	35,124	41,057	34,463	28,222	28,009	35,960	31,740	30,413	27,783	29,524	26,168	28,425	24,204	26,419	24,856	18,782	19,903	-1,451	15,183	15,893	18,015	24,429	-9,031	3,935	-16,214	3,267	-28,615	14,661	14,720	12,240	16,719	15,704	14,956	16,840	16,413	15,714	15,123	15,562	14,818	11,388	16,655	18,015	18,663	12,035	18,726	17,704	19,183	16,857	14,807	12,122	14,786	14,699	13,000	13,600	12,600	11,400	9,200	8,900	6,300	5,900	4,300	5,200	-1,100	-	-
Income Tax Expense	21,367	19,029	5,494	10,536	13,442	28,617	9,934	16,469	18,250	4,947	33,724	31,296	22,514	20,590	21,558	9,769	20,636	17,314	20,765	18,913	19,833	16,600	24,493	17,450	19,850	23,410	24,871	26,911	26,861	29,375	30,892	29,495	16,046	24,663	28,127	23,198	23,782	16,549	21,226	23,964	20,234	21,883	17,052	19,658	13,341	17,303	13,987	14,011	10,351	10,403	11,780	11,375	10,196	9,376	9,813	10,160	9,576	10,278	9,818	7,419	7,862	-377	5,379	6,266	7,410	10,260	5,360	1,573	-5,819	1,274	-11,306	5,791	5,814	4,835	6,604	6,204	5,907	6,652	6,483	6,207	5,974	6,147	5,853	4,498	6,579	7,076	7,559	4,968	7,490	7,347	7,961	6,996	6,145	6,478	6,188	6,133	5,300	5,700	5,100	4,700	3,700	4,000	2,500	2,400	1,700	700	-400	-2,400	-2,400
Interest Expense	21,507	20,507	21,026	20,999	21,606	16,098	10,791	9,438	9,638	10,695	3,087	756	206	494	616	465	484	343	420	1,569	625	590	85	157	168	111	458	744	849	843	1,029	1,273	989	709	681	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	21,026	20,999	21,606	16,098	10,791	9,438	9,638	10,695	3,087	756	206	494	1,287	108	484	343	136	1,122	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	409	67	-158	-190	-791	381	-386	861	1,639	870	582	-335	444	525	556	273	975	593	220	489	-44	290	254	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	64,148	59,146	30,863	31,788	39,995	69,067	31,335	50,096	53,330	52,014	94,495	80,614	64,077	63,661	64,464	27,650	58,734	60,089	62,898	61,924	55,913	46,307	59,861	55,492	59,091	53,329	56,918	52,515	46,664	50,743	52,225	48,785	26,609	35,437	41,666	38,808	41,861	36,236	34,138	41,207	33,859	35,626	28,100	31,689	21,316	23,671	20,485	14,273	17,704	25,575	19,892	18,219	17,482	21,712	17,325	18,743	12,628	8,567	14,983	11,027	11,963	-24,960	11,405	9,627	10,605	14,169	-14,391	2,362	-10,395	1,993	-17,309	8,870	8,906	7,405	10,115	9,500	9,049	10,188	9,930	9,507	9,149	9,415	8,965	6,890	10,076	10,939	11,104	7,067	11,236	6,501	11,222	9,861	8,662	5,644	8,598	8,566	7,700	7,900	7,500	6,700	5,500	4,900	3,800	3,500	2,600	4,500	-700	2,400	2,400
Net Income Applicable To Common Shares	0	59,146	30,863	31,788	39,995	69,067	31,335	50,096	53,330	52,014	94,495	80,614	64,077	63,661	64,464	27,650	58,734	60,089	62,898	61,924	55,913	46,307	59,861	55,492	59,091	53,329	56,918	52,515	46,664	50,743	52,225	48,785	26,609	35,437	41,666	38,808	41,861	36,236	34,138	41,207	33,859	35,626	28,100	31,689	21,316	23,671	20,485	14,273	17,704	25,575	19,892	18,219	17,482	20,681	16,125	17,991	14,600	14,429	15,169	11,790	12,453	12,003	16,278	12,133	11,257	14,231	-1,282	1,282	0	1,993	-8,870	8,870	8,906	7,405	10,115	9,500	9,049	10,188	9,930	9,507	9,149	9,415	8,965	6,890	10,076	10,939	11,104	7,067	11,236	12,149	11,781	9,657	6,515	5,644	8,598	8,566	0	0	0	0	0	0	0	0	0	0	-	-	-
Net Income From Continuing Ops	64,148	59,146	30,863	31,788	39,995	69,067	31,335	50,096	53,330	52,014	94,495	80,614	64,077	63,661	64,464	27,650	58,734	60,041	62,965	61,766	55,723	45,516	60,242	55,106	59,952	54,968	57,788	53,097	46,329	51,187	52,750	49,341	26,882	36,412	42,259	39,028	42,350	36,393	34,041	41,162	33,800	-14,459	45,088	51,372	35,124	41,057	34,463	28,222	28,009	69,311	19,960	19,038	17,587	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	0	0	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	-21,507	-20,507	-21,026	-20,999	-21,606	-16,098	-10,791	-9,438	-9,638	-10,695	-3,087	-756	-206	-494	-616	-465	-484	-343	-420	-1,569	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	-1,005	818	266	-742	-2,497	715	-311	-521	-8,289	-520	-775	222	-671	573	719	0	556	447	2,045	798	2,249	1,392	287	899	1,306	417	263	97	62	2,209	1,131	265	0	219	901	1,148	9	183	721	407	701	637	1,106	1,084	1,164	824	1,104	1,124	961	919	491	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	1,033	4,640	2,320	2,320	83	22,088	-11,127	2,242	257	-2,388	529	46	772	2,459	1,514	0	4,745	0	0	0	830	1,174	16	148	999	1,877	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	107,510	99,124	58,388	62,505	74,777	114,524	54,557	75,288	81,529	68,177	139,595	113,186	87,572	84,523	87,309	37,311	79,135	77,576	83,594	81,801	74,136	61,908	82,571	71,321	79,683	77,590	81,811	80,335	73,776	81,308	84,609	77,900	42,786	61,527	71,067	62,007	65,231	51,794	55,258	64,943	53,313	57,068	44,387	50,735	34,018	39,973	33,299	27,398	26,905	34,836	30,779	29,494	27,292	29,337	25,726	28,239	24,105	26,532	24,727	18,747	19,809	-46,746	14,693	15,786	16,514	21,848	-9,929	2,320	-17,375	1,582	-30,811	13,721	12,682	10,927	15,490	15,001	14,856	16,615	16,122	15,378	14,931	15,449	14,487	10,998	16,108	17,176	17,805	11,365	17,993	17,120	18,710	16,857	14,519	15,467	14,420	13,600	11,900	12,300	11,600	10,500	8,800	8,300	6,000	5,300	3,700	4,500	-1,300	34,400	34,400
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	-	-	-
Other Operating Expenses	1,219,531	1,160,829	1,130,289	1,144,347	1,174,469	1,073,553	1,071,228	1,102,038	1,069,347	1,037,954	1,103,925	846,094	857,982	839,313	814,028	780,824	739,094	677,390	647,116	654,719	590,483	495,505	515,284	539,146	543,465	543,230	519,286	541,712	531,546	541,953	538,938	528,024	513,890	516,984	498,775	418,273	401,812	383,612	364,641	374,072	353,279	326,603	288,762	275,600	252,100	259,998	231,177	216,054	212,698	215,271	207,517	197,622	186,822	349,909	184,933	130,421	178,250	94,386	113,861	165,454	160,283	184,559	191,631	194,798	185,436	180,026	206,253	176,757	179,197	187,326	200,298	166,052	150,044	159,082	158,168	139,050	137,639	137,400	144,036	135,329	123,963	136,800	127,254	119,665	116,583	116,567	115,285	110,588	111,577	106,942	110,967	103,748	98,397	94,936	91,157	79,901	77,800	74,400	72,600	65,800	61,400	63,100	55,200	38,700	32,700	27,300	28,600	-	-
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	-	-	-
Reconciled Depreciation	31,760	41,625	34,202	37,691	35,798	34,969	31,366	32,690	33,770	33,336	22,961	16,088	18,333	25,931	24,990	24,834	24,406	26,844	21,230	20,695	16,689	14,444	15,353	15,958	16,437	15,053	16,169	18,791	17,964	22,607	16,904	16,174	16,096	12,398	17,186	14,172	12,441	12,371	12,538	11,737	12,022	10,053	7,829	7,959	9,975	7,947	6,968	5,434	6,111	6,366	5,696	5,551	5,232	4,691	4,631	4,478	4,540	3,684	2,820	2,982	2,746	-1,581	4,271	4,799	5,039	5,516	5,429	4,972	5,053	5,020	4,311	4,170	4,144	4,419	3,784	3,450	3,492	3,581	3,253	3,156	3,160	3,633	2,515	2,615	2,467	2,712	1,812	1,388	1,372	2,614	3,189	1,931	2,346	2,351	1,864	1,007	1,000	800	1,300	0	600	2,000	100	200	100	200	-	-	-
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	-	-	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	17,623	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	65,947	0	0	0	104,539	0	0	0	0	0	0	0	9,868	0	0	0	1,796	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Selling General Administrative	169,195	167,778	182,545	142,448	146,452	146,991	132,974	130,307	124,221	111,967	140,129	112,402	111,967	103,428	89,582	106,853	87,227	81,646	81,604	78,102	79,671	73,535	69,588	72,559	69,559	82,208	68,308	68,596	65,398	68,343	69,706	65,976	64,234	126,389	66,997	59,392	54,036	165,677	57,345	55,729	52,603	59,763	48,999	46,693	42,364	32,942	43,877	37,959	32,942	33,572	35,259	33,572	28,667	200,956	31,574	22,592	28,010	23,424	23,326	28,364	27,338	7,699	36,808	38,104	36,253	31,127	35,350	34,451	34,653	24,650	41,353	30,886	32,064	26,672	31,741	28,714	29,549	27,276	29,340	29,253	27,652	26,596	27,622	27,059	26,158	26,158	23,738	23,589	22,528	19,106	19,430	20,509	19,751	18,994	18,246	15,281	15,400	12,800	14,100	12,900	10,900	11,400	8,900	6,000	5,300	4,500	-	-	-
Tax Provision	21,367	19,029	5,494	10,536	13,442	28,617	9,934	16,469	18,250	4,947	33,724	31,296	22,514	20,590	21,558	9,769	20,636	17,795	20,765	18,913	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	192,544	191,770	205,976	166,098	169,970	169,505	155,664	153,163	146,626	150,229	152,261	117,472	118,483	112,328	98,294	115,787	96,315	90,674	90,653	87,621	85,129	75,997	72,113	75,162	72,277	84,908	71,028	71,982	68,800	71,792	73,223	69,238	67,383	63,608	70,272	60,824	54,036	61,138	57,345	55,729	52,603	59,763	48,999	46,693	42,364	43,890	43,525	37,368	32,942	33,391	35,620	33,572	28,667	195,605	31,574	-22,592	28,010	-23,424	-23,326	28,364	27,338	90,021	40,545	38,104	36,253	33,651	68,127	40,555	38,337	34,044	41,353	31,611	32,064	36,347	31,741	28,714	29,549	27,276	29,340	29,253	27,652	26,921	27,933	27,588	26,153	26,433	23,918	23,839	22,791	20,535	20,847	21,702	21,143	21,345	20,110	17,288	16,400	13,600	15,400	12,900	11,500	13,400	9,000	6,200	5,400	4,700	10,100	-	-
Total Other Income Expense Net	-488	-442	-1,005	-20,181	-21,340	-16,840	-13,288	-8,723	-311	-521	-8,289	-520	-775	222	-671	573	719	122	556	447	2,045	-235	2,249	-928	287	816	1,956	417	-1,979	267	6,515	1,680	1,085	85	-2,459	-1,514	901	1,148	9	183	721	-668	-1,174	-16	-148	-766	-1,877	824	1,104	1,124	961	919	491	187	442	186	99	-113	129	35	94	-37,352	-3,737	107	1,501	-2,524	-33,243	-6,104	-2,316	7,715	-17,109	-725	2,038	1,313	1,229	703	100	225	291	336	192	113	331	-256	547	839	858	670	733	584	473	0	288	-3,345	366	1,099	1,100	1,300	1,000	900	400	600	400	600	600	600	200	-	-
Total Revenue	1,327,041	1,259,953	1,188,677	1,206,852	1,249,246	1,177,031	1,125,785	1,177,326	1,150,876	1,106,131	1,243,520	959,280	945,554	923,836	901,337	818,135	818,229	754,966	730,710	736,520	664,619	558,446	597,855	612,787	623,148	620,903	600,447	622,047	607,564	623,091	617,094	606,453	556,722	578,683	572,301	481,794	467,043	435,406	419,899	439,015	406,592	384,339	334,323	326,351	286,266	300,737	266,353	243,452	239,603	250,107	238,296	227,116	214,114	214,890	210,659	203,844	202,355	167,766	185,240	184,201	180,092	137,813	206,324	210,584	201,950	201,874	196,557	179,077	161,138	171,799	186,596	179,773	162,726	167,334	173,658	154,051	152,495	154,015	160,158	150,707	138,894	153,188	141,741	130,663	132,691	134,085	133,090	121,953	129,570	124,062	129,677	120,605	112,916	110,403	105,577	93,501	89,700	86,700	84,200	76,300	70,200	71,400	61,200	44,000	36,400	31,800	27,300	34,400	34,400

Latest Income Statement (annual, 2023-09-30)

Gross Profit (+$)
totalRevenue	4,904,728
Cost of Revenue	-3,876,120
Gross Profit	1,028,608	1,028,608

Operating Income (+$)
Gross Profit	1,028,608
Operating Expense	-733,814
Operating Income	294,794	294,794

Operating Expense (+$)
Research Development	0
Selling General Administrative	639,223
Selling And Marketing Expenses	0
Operating Expense	733,814	639,223

Net Interest Income (+$)
Interest Income	0
Interest Expense	-84,138
Other Finance Cost	-0
Net Interest Income	-84,138

Pretax Income (+$)
Operating Income	294,794
Net Interest Income	-84,138
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	210,293	295,157 EBIT - interestExpense = 210,293 210,293 245,930
Interest Expense	84,138
Earnings Before Interest and Taxes (EBIT)	294,431	294,431
Earnings Before Interest and Taxes (EBITDA)	443,747

After tax Income (+$)
Income Before Tax	210,293
Tax Provision	-48,501
Net Income From Continuing Ops	161,792	161,792
Net Income	161,792
Net Income Applicable To Common Shares	161,792

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	4,609,934
Total Other Income/Expenses Net	-363	84,138

Technical Analysis of Maximus
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 Maximus. The general trend of Maximus is BEARISH with 42.9% 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 Maximus'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 (-42.9%)		Bearish trend (42.9%)
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 Maximus Inc.

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

Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 81.56 < 84.73 < 86.56.

The bearish price targets are: 79.10 > 78.53 > 76.91.

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Maximus 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 Maximus Inc. The current mas is .

The long score for the Moving Averages is 4/14.
The longshort score for the Moving Averages is -6/(-14 +14).

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

Directionalities and relatives.

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

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

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

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

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

Simple moving average

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

Source: Tradingview.com

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

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

Exponential moving average

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

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

Where:

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

Smoothed moving average

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

Linear weighted moving average

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

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

Where:

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

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

Source: Tradingview.com

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

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

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

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

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 Maximus Inc. The current macd is -0.81386974.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Maximus price going down in the near term. -2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Maximus. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Maximus price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1

Maximus 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 Maximus Inc. The current adx is 16.18.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Maximus shares, leading to potential downward 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 bearish trend could be forming. -1

Maximus 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 Maximus Inc. The current sar is 81.98.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1

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 Maximus Inc. The current rsi is 39.71. The current phase is Continuation in bear market.

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

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

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

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

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

Original usage

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

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

How you can use RSI (Divergence)

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

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

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

Source: Tradingview.com

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

Use tradingview to add indicators

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

Tradingview

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

View tool on Tradingview.com

RSI divergence

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

There are four types of divergences:

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

Regular bullish divergence

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

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

Source: Tradingview.com

Regular bearish divergence

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

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

Source: Tradingview.com

Hidden bullish divergence

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

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

Source: Tradingview.com

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

Hidden bearish divergence

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

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

Source: Tradingview.com

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

Maximus 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 Maximus Inc. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
STOCH < 20: The STOCH %K is below 20 and oversold. -2
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Maximus price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

Maximus 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 Maximus Inc. The current cci is -69.46752167.

Maximus 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 Maximus Inc. The current cmo is -26.64806056.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1

Maximus 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 Maximus Inc. The current willr is -87.92184725.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1

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 Maximus Inc.

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 Maximus Inc. The current atr is 1.37758606.

Maximus 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 Maximus Inc. The current obv is 3,318,424.

Maximus 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 Maximus Inc. The current mfi is 42.00.

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

MFI < 50: -1

Maximus Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Maximus Inc.

6.2. Trading Signals

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

Date	Indicator	Signal
2023-11-28	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-11-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-04	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-05	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2023-12-08	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2023-12-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-14	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).
2023-12-15	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	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).
2023-12-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2023-12-21	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).
2023-12-22	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.
2023-12-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-29	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-02	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-03	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-11	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-12	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-18	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.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-22	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-24	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.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-31	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-02-02	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-05	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-02-07	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-09	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	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).
2024-02-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-13	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-20	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-21	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-23	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-26	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-02-27	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-06	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-12	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-13	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-14	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-18	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-19	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-20	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-03-21	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-22	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-26	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-27	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-28	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.
2024-04-01	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-04	STOCH	LONG EXIT		The %K line crosses below the %D line.
	BB	LONG ENTRY	SHORT CLOSE	Price closed below the lower band.
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-10	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-12	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-15	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-17	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside

6.3. Candlestick Patterns

Date	Candlestick Pattern

6.4. Technical Score

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

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	39.712
Ma 20	Greater than	Ma 50	81.544
Ma 50	Greater than	Ma 100	82.484
Ma 100	Greater than	Ma 200	82.542
Open	Greater than	Close	80.890
Total			2/5 (40.0%)

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Quick analysis of Maximus (30 sec.)

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

$79.78

$27.92

$-38.98 - $30.97

$-11.06 - $58.88

2. Growth of Maximus (5 min.)

Is Maximus growing?

How much money is Maximus making?

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

3. Financial Health of Maximus (5 min.)

4. Comparing to competitors in the Specialty Business Services industry (5 min.)

Industry Rankings (Specialty Business Services)

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

What can you expect buying and holding a share of Maximus?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Maximus

About Maximus Inc

Financial Health

Valuation

1.1. Profitability of Maximus Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Specialty Business Services)

1.1.2. Return on Assets

Trends

Compared to industry (Specialty Business Services)

1.1.3. Return on Equity

Trends

Compared to industry (Specialty Business Services)

1.2. Operating Efficiency of Maximus Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Specialty Business Services)

1.2.2. Operating Ratio

Trends

Compared to industry (Specialty Business Services)

1.3. Liquidity of Maximus Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Specialty Business Services)

1.3.2. Quick Ratio

Trends

Compared to industry (Specialty Business Services)

1.4. Solvency of Maximus Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Specialty Business Services)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Specialty Business Services)

2. Market Valuation of Maximus Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Specialty Business Services)

Maximus Inc
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